Term Paper-New Product Development
New Product Development
Student interaction in non-academic activities is very important for the college experience. The USB Student Life is looking to start new student activities that are not just exercise and sports related. These activities can be for ½ day, 1 day, overnight, Friday/Saturday overnight. The activities can also be for an hour or more but those would require multiple meetings. The Student Life’s additional activities should be focused on the students at either Palm Campus or San Campus. Please provide a new product or service that you have thought of for USB Student Life. Not a product that is already developed, this is your idea so have fun with it. I don’t expect boring activities think outside the box.
New products and services are developed to solve specific problems. Provide a new product or service. Not an actual new product but one that you come up with. The product or service does not have to have a large market. Provide a couple of references to help justify your idea.
What Problem does the product/service solve?
Competition – who are your competitors
SWOT
Why is this product/service important
Demographics:
Age
Gender
Marital/relationship status
Income
Psychographics:
Personal activities
Group activities
How time is spent
Research – Provide a minimum of two articles to justify. One article can be substituted for 5 different individual responses to your product service idea.
Product/service name
Price of product/service
Conclusion – Why is this a good idea for a new product/service
