Disruptive Idea for Electric Bike: Innovation Framework and Data Analysis

Disruptive iDEA

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Detailed clear description of idea including how it will be used, who is target consumer and
other area that will be considered:...............................................................................................3
Describing the industry and how it will be disrupted:.................................................................3
Inclusion of top 10 innovation framework in the selected idea...................................................4
Description of data and how it will be used in the process of idea completion:..........................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
Disruptive idea means innovation that allow company to create something new and win
customer in the market, it is very clear that disruptive idea allow company to develop those
products that not only win customer but allow company to become market leader (Gobble,
2016). This study is based on Electric bike where EvRide company will be manufacturing
electric vehicle and fulfil demand of the customer. This report will discuss description of idea
and will provide business canvas model. At last this report will discuss 10 innovation framework
and understand how data will be used in the process.
MAIN BODY
Detailed clear description of idea including how it will be used, who is target consumer and other
area that will be considered:
Electronic term is very common to every consumer, almost every product including
appliance, car and other daily used item have become electronic. This idea is based on bringing
innovation in auto mobile and electronic goods, idea to develop electric bikes that will
completely run on rechargeable battery (Petzold, Landinez and Baaken, 2019). The concept of
electric bike is very clear, consumer who turning towards electric products will going to demand
electric bike as well. The idea is been crafted after analysing the condition of auto mobile
industry, there is high demand in electric car where giants like Tesla and other brands have
already been leading the market. But there is moderate demand of electric bike, in the future,
demand of electric bike will be high.
Describing the industry and how it will be disrupted:
Auto mobile industry is one of the fastest growing industry that actively contribute in the
betterment of the economy, this industry is full of market leader who have brand image and
reputation in the market. There are car manufacture who rule over the industry but there is
limited amount of motor vehicle manufacturer that is opportunity to enter this market and win
customer (Si and Chen, 2020). The concept of electric bike is quite simple, this will bring high
change in the market and demand will be high, motor vehicle may be small part of auto mobile
industry but demand of fossil fuel bike are high. There will be demand of electric bike as well,
auto mobile giant will be manufacturing electric bike and fulfilling the demand of customer.