Foundation in Design and Creative Business (Pass Criteria)
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Added on Β 2023/06/08
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This presentation covers the pass criteria for Foundation in Design and Creative Business. It includes topics such as mind map, mood board, primary and secondary research, business model, safety, speed limit, reliability, and feasibility.
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Table Of Content οIntroduction οMind map οMood board οPrimary research οSecondary research οBusiness model/concept οSafety οSpeed Limit οReliability and Dependability οFeasibility οConclusion
Introduction οThe main technique of the manufacturing process would be electricbikesmadefromreusedLithium-ionbatteries.The product may be sold under the Setik brand, which will be recognisedforitssuperiorcraftsmanshipandtechnological brilliance. οThe newly formed business would focus on producing electric motorcycles. The available electric bikes would be more energy- efficient modern models.
Mind Map E-Bikes Safety Measures Nickel-cadmium Battery Sustainable Packaging Micro switch with potentiometer Motorcycle stability control system Lithium-ion Polymer Batteries High speed limit Battery Con Environmentally troublesome Pro: Higher energy density Pro: Low internal resistance Con: High Costs Con: High battery drainage Pro: higher consumer attraction Pro: Higher recycling Con: Higher expenditure Pro: Protects driver during malfunction Pro: Improved safety and control Con: Expert Labor requirement Con: Higher operational costs
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Primary Research 1 Are you aware electrical bike? οYes οNo 2 What are the basic features like you in E- bike οGood battery οSpeed οLow running cost οNo registration required
Secondary Research
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Continueβ¦. οThe COVID-19 epidemic has most commuters staying away from public transit. E-bikes are regarded as a reliable, practical, andinexpensivesubstituteforpublictransit.E-bikesare becoming more and more popular as a means of mobility in cities across the US and Europe, say industry experts and e-bike manufacturers including Rad Power Bike, VanMoof, and Lectric e-bike.
Business Model/Concept οCustomer Profile: In the United Kingdom, the United States, and Continental Europe, the corporation hopes to draw businesses and individualusers.Theremaybemotorcyclebusinessesand marketing plans that allow the business to appeal to a wide customer. To satisfy the needs of various sorts of customers, Setik bikes would be available in a range of models. Electric bike manufacturing,promotion,distribution,andretailwould significantly reduce pollution. The business would use green energy sources in all of its operations.
Continueβ¦ οUnique selling point: The product, an electronic bike, would be better than what is now available in the market in terms of fueling time and adding a system that guarantees the power is consistent in order to manage the motorbike's speed at different power levels. It would be able to refuel itself while travelling.Inordertohelpthechargingprocess remain constant even when the lithium polymer cell is about to run out of electricity, a continuously variablesensorwouldbelinkedbetweenthe electrical engine and the battery.
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Safety οThe safety features which will be included in the electric motorcycle include the usage of a motorcycle stability control system which enables the driver to get higher degree of control during braking and accelerating. οWide range of sensors will be used to record dynamics of rider and ensure that the control of e-bike is enhanced with each subsequent ride. οThis includes the usage of speed sensors to measure rotational speed of the wheels and inertial measurement sensor to measure the acceleration and angular rate 100 times per second. οThis will increase the safety of the bike even at high speed and provide the driver more control even in tough terrains.
Speed Limit οThe speed limit of the Setik brand bikes will be high with focus on makingthefinalproducthaving140ft-lbsoftorqueand110 horsepower with the simple twist of a throttle. οIn this way the finalproduct will appeal to large number of consumer base because of its high power without endangering the safety of the consumers. οThe reused lithium ion batteries along with high powered motor will ensure that the electric motorcycle is able to reach such high level of speed limit without losing efficiency in case of energy consumption.
Reliability and Dependability οSetikbrandwillproducehighlyreliableand dependable bikes because of the focus on efficiency, control and safety. οThetechnologybasedsafetyfeaturesalongwith inclusion of sustainability will make the electric bikes highly reliable and dependable for long travels and crossing tough terrains weather it isUrban areas or rural areas. οReliability will also be ensured through proper quality cheeks so that consumers gains highest satisfaction.
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Feasibility οThe setik brand bikes will be made feasible because their high efficiency and feasibility. Many consumers are searching for sustainable options for their vehicles because of the rising awareness about climate change. οThe Setik Brand bikes will offer the consumers high efficiency and sustainability at the same time without negatively affecting the speed limit. οThis will make the final product highly feasible and worth every penny for consumers. οThis is because the consumers will be able to get product with power so a sports bike and high sustainability level.
Continueβ¦. οProduct: The company's major products would be electrical bikes, replacement parts for electrical bikes, and electrical bike batteries. οPlace: This part of the marketing mix focuses on the company's distribution strategy to ensure sales growth. οPrice: To gain market share, the firm would launch with prices lower than alternatives in the sector. After entering the market, the company will raise prices οPromotion: The company would first employ salespeople to improve the brand via quality of recommendation.
Conclusion οAs per the above presentation it is concluded that electrical bike is famous in all over the world. The motorbike industry is quite significant in the UK. According to data from IBIS Global 2019, the motorcycling industry generates at least Β£615 billion in annual revenues. The industry is now considerably more competitive as a result of the introduction of electric motorcycles. As per data, more people are buying electric motorcycles in Britain than are buyingtraditionalbikes.Throughthethirdquarterof2020, electric bikes had supplied 14.513 parts to London.
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References οAhmed, F., Qin, Y. and Aduamoah, M., 2018, March. Employee readiness for acceptance of decision support systems as a new technology in E-business environments; A proposed research agenda. In 2018 7th International Conference on Industrial Technology and Management (ICITM)(pp. 209- 212). IEEE. οAsp, L. and Andersson, J., 2021. Marketing Communication in the Context of Selling a Business: Business Brokers and how They Communicate Value of a Business. οFerreira, J.J., Jalali, M.S. and Ferreira, F.A., 2018. Enhancing the decision-making virtuous cycle of ethical banking practices using the Choquet integral.Journal of Business Research,88, pp.492-497. οFowler, R., Gajewska-De Mattos, H. and Chapman, M., 2018. Adapting adaptation: Expanding adaptive strategy theory to account for the East Asian business context.Journal of World Business, 53(3), pp.323-336.