1INNOVATION EVALUATION Introduction The objective is to evaluate the fitness program for a sport company. CrossFit is referred to the fitness program that focuses entirely on providing functional movement, high intensity and constantly varied. It is important to develop proper fitness program so that it becomes easy to manage the sports related activities. The paper will focus on evaluating the different principles, and functions that are related to FringeSport. Discussion CrossFit fitness program focuses on evaluating the different factors associated with the sports effectively. Peter Keller focused on launching the FringeSport by consider certain concepts that includes focusing on developing product based ecommerce, reducing the low entry cost, enhancing the savvy customer base and building real business performance among the employees. It has been analyzed that with FringeSport offers a better value towards the CrossFit and home gym. This mainly includes offering better fitness equipment at reasonable prices with fast and free shipping. They also consider offering a better customer service as compared to other gyms. FringeSport’s website mainly focuses on ensuring that every member associated with the team is committed and ensures that they are actively working out. This ensures that a better way of managing thee health is obtained. In order to increase the efficiency the gym has also initiated the process of providing free gymnastic rings at the starting to every owner. After evaluating the different working principles
2INNOVATION EVALUATION and gymnastic features it has been observed that Keller gained better knowledge regarding the way relationship needs to be maintained within an organization. Concepts According to Keller it is important to manage the enterprise values properly for succeeding in the market. It can be stated that with the help of proper user driven innovation it becomes easy to attract the customers. This will eventually lead to improve the performance and will offer an innovative area for designing a product. The key criteria based on which the Keller evaluated the Fringesport are listed below: Initiating product based commerce Reducing entry cost Customer retention increasing Initiating high branding potential Using social media for influencing the customer Investing $30-$100 M revenues in 10 years for development Principles Keller focused on using appropriate innovation for managing the products. Keller has also focused on developing a solid relationship with parcel and courier companies so that it becomes easy to communicate with the customers. FringeSport has gained a huge market within 5 years. The main reason behind wide enhancement is the proper use of digital marketing and using proper inventory software for the purpose of removing the software related issues. It is
3INNOVATION EVALUATION important to identify the issues properly so that the mitigation process can be carried out successfully for the purpose of enhancing the business functions. Conclusion After evaluating the case study it can be stated that with the help of proper strategy and ecommerce technique it will become easy to enhance the functionality. This will ensure that proper processes are recognized for developing a better gym with all the necessary facilities. Hence it can be concluded that with the help of proper goals and monitoring process the chances of product enhancement also increases.
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4INNOVATION EVALUATION Bibliography Bessant, J. (2020). Fringesport case study | Innovation Portal. Retrieved 4 March 2020, from http://www.innovation-portal.info/resources/fringesport-case-study/