Part 1: Problems, considerations and opportunities for innovation and sustainable business development
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Added on 2021-06-15
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Part 4 Project options analysis 9 4.1Project options considered 9 4.2Stakeholder identification and consultation 9 4.3Social impacts 10 4.4Environmental impacts 10 4.5Economic impacts10 4.6Overall evaluation of socio-economic and environmental impacts 10 4.7Financial analysis 11 4.8Risk comparison 11 4.9Integrated analysis and options ranking11 5. Part 5: Deliverability of recommended solution 14 5.1Details of recommended solution 14 5.2Commercial and financial 14 5.3Management 17 5.4Delivery17 Appendix A: Benefit Management Plan 19 Appendix B: Financial data presentation20
Part 1: Problems, considerations and opportunities for innovation and sustainable business development
Added on 2021-06-15
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Innovation and SustainableBusiness DevelopmentName of the studentName of the UniversityAuthor noteSTRATEGIC ASSESSMENT
ContentsExecutive summary11.Part 1 Problem21.1Background......................................................................................................................21.2Definition of the problem.................................................................................................21.3Evidence of the problem..................................................................................................21.4Timing considerations......................................................................................................21.5Consideration of the broader context..............................................................................32.Part 2 Benefits42.1Benefits to be delivered...................................................................................................42.2Importance of the benefits to Government.....................................................................42.3Evidence of benefit delivery.............................................................................................42.4Interdependencies...........................................................................................................43.Part 3 Strategic response53.1Method and criteria.........................................................................................................53.2Strategic options analysis.................................................................................................53.3Recommended strategic option.......................................................................................84.Part 4 Project options analysis94.1Project options considered..............................................................................................94.2Stakeholder identification and consultation....................................................................94.3Social impacts.................................................................................................................104.4Environmental impacts..................................................................................................104.5Economic impacts..........................................................................................................104.6Overall evaluation of socio-economic and environmental impacts................................104.7Financial analysis............................................................................................................114.8Risk comparison.............................................................................................................114.9Integrated analysis and options ranking.........................................................................115.Part 5: Deliverability of recommended solution145.1Details of recommended solution..................................................................................145.2Commercial and financial...............................................................................................145.3Management..................................................................................................................175.4Delivery17Appendix A: Benefit Management Plan19Appendix B: Financial data presentation20Appendix C: Sign-off checklist22
Executive summaryThe purpose of the study is to present a business case of a brand that manufactures electricor power wheel chairs. The entire course of the discussion is based on the business process of thecompany. Therefore, the whole course of the discussion follows an outline which includes a briefintroduction of the topic, problem that is considered as the background of the paper. At the same timethe paper sheds light on how the problem has inspired the company to invent power wheelchairs orthe electric wheelchairs. The study proceedes the discussion by stating the benefit of the inventionsfor individual and for the health and finally the discussion ends up by stating the possible suggestionswhich can further improve the performance of the product.Error! No text of specified style in document.Error! No text of specified style in document.1
1.Part 1ProblemMost of the physically challenged people face the problem of moving. In this regard itdeserves mention that the invention of wheel chair to a quite extent eased the problem but it couldnot provide a permanent solution to the challenges. Instances can be made by stating that the wheelchairs made the moving hassle free for the physically disabled people but still it needs humanassistance as it cannot work automatically, all by itself (Alshaer, Regenbrecht & O’Hare, 2017). 1.2BackgroundThe invention of the wheel chair brought remarkable changes in the sphere of the technologyas in the health service sphere. It made an ease for the physically challenged people who are unableto move. Thus it can be said that the invention of wheel chair was a biggest success in the healthsector (Carrington, Hurst & Kane, 2014). The health sector was tremendously blessed with the wheelchair innovation as it eliminated the difficulties of physically challenged while moving. But in the realscenario, it has been observed that it failed to eliminate the issues or challenges completely.1.3Definition of the problemThe present challenge that mostly all the physically challenged or disabled people face is thatthey need human assistance even when they use wheelchairs. The traditional wheel chairs only haveprovided the option of moving with the help wheels. Even if the physically challenges person want touse his wheelchair, he requires to give immense effort. Being physically disabled these people do notposses that much physical strength to move their wheel chairs all by theme selves and often ends upin seeking help from others. There the need of the automated electric wheelchairs originated in orderto resolve the issues and challenges (DA, 2013). 1.4Evidence of the problemIt has been observed that most of the physically challenged or disabled people look for thewheel chairs which are enabled with the automated technology. Along with that, it has been seenthat people when go to buy wheel chair are not seen with considerable satisfaction with the manualwheel chairs (Dunaway et al., 2013). The traditional wheel chairs only have provided the option ofmoving with the help wheels. It also has been found that most of the people who use wheelchairssuffer from severe back problem or health issue like shoulder ulcer.1.5Timing considerationsIn order to make an ease for the physically challenged people, the change is needed as toelectrical innovations of wheelchairs have the possibilities of reducing the difficulties of the physicallychallenged people (Khan, 2013). Needless to mention that the power wheelchairs will not only helpthe physically challenged people but will also benefit the entire health sector to a large extent. All themore, it minimizes the human assistance which is one of the most benefits of electric wheel chair. 1.6Consideration of the broader contextThere are multiple organizations exist in the market that offer the same facilities in theirpower wheelchairs or electric wheelchairs. To name, Magic mobility, Sunrise medical and LEVO aresome of the most renowned wheelchairs making companies that hold a large customer base. It isneedless to say that these companies will give a tough competition to the Meyra group (Alshaer,Hoermann & Regenbrecht, 2013).2Error! No text of specified style in document.
2.Part 2BenefitsAt a time when technological advancement was uplifting every sector, health sector wasblessed with the invention of electric wheel chairs that brought an ease to the difficulties of thepersons who were unable to move without human assistance. With modern technology and specialfeatures, electric wheel chairs with mechanism of hydraulic pump and automatic breaking system aswell as provision of FSR sensors to adjust the sitting arrangement will not only bring revolutionarybenefits for the individual users but also for the entire health sector. In order to give a close study ofthe emerging use power wheelchairs, the study focused on the wheelchairs made by a particularbrand named Mayra (Ng, 2013). Thus it can be said that the invention of wheel chair will be a biggestsuccess in the health sector. The key benefits are:Physically challenged people will become self-dependentThe electric wheelchairs are built with an electric motor through which the person sitting inthe chair can control its operation.Will minimize the accident rate of wheelchair usersProvision of this type of power wheelchairs benefit the entire health sector to a large extent.The expected Return on Investment will be around 20 percent2.2Benefits to be deliveredThe innovation will benefit both the individual as well as the entire health sector largely. Asthe use of the power wheelchairs or electric wheelchairs is increasing, it shows that the electricwheelchair is positively having an impact (Livingstone & Field, 2014). One of the most recognizablebenefits of the power wheelchairs is its features of convenience and ease which enabled thephysically disabled persons to move with an ease without any human assistance. The electricwheelchairs are built with an electric motor through which the person sitting in the chair can controlits operation (McMurrough et al., 2013).2.3Importance of the benefits to GovernmentThe features of the wheelchairs are well-engineered which has the possibilities of adjustingin accordance with the customers. The invention of the wheel chair brought remarkable changes inthe sphere of the technology as in the health service sphere. Thus it can be said the invention Meryain terms of wheel be largely beneficial for government as the health sector will be able to providebest service to the physically challenged patients.2.4Evidence of benefit deliveryWith modern technology and special features, electric wheel chairs or power wheelchairs notonly brought revolutionary benefits for the individual uses but also for the entire health sector. theinvention of wheel chair was a biggest success in the health sector. The health sector wastremendously blessed with the wheel chair innovation as it eliminated the difficulties of physicallychallenged while moving. In order to make an ease for the physically challenged people, the changewas needed as to electrical innovations of wheelchairs have the possibilities of reducing thedifficulties of the physically challenged people (Thorp et al., 2016)Error! No text of specified style in document.Error! No text of specified style in document.3
2.5Interdependencies There some interdependent factors regarding the new product development. For example, itcan be said that the success of the project is closely related to availability of the resources in terms offinance. On the other hand the successful completion of the project is depended on the productivityand efficiency of the workforce responsible for the project.4Error! No text of specified style in document.
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