Table of Contents INTRODUCTION1 Industry and its segmentation -1 Target markets -1 Competitor's analysis –1 Financial Review and Cash flow projection -2 Conclusion -2 REFRENCES
INTRODUCTION Home Automation System which will be provided by the ABC company. Under this we are providing a home automation systems which will be helpful in controlling climate, lighting, appliances and entertainment system. This also includes home security which are alarm systems and accessing control. The home devices will be connected with the internet and then they will operated by the users effectively
Industry and its segmentation - The industry in which the new idea will be operated is technological industry and thus the idea can be effectively attract the wide range of consumers in technological world. Its market segmentation includes the various types of product, prices, promotion and place where it will be business this all be done according to the customer needs, demands and their affordability
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Target markets - The target market under this business idea will be people who are having homes, offices, hotels and institutions etc., This will be adopted by this all targets as this will be more useful for them to spend their times with digitalization. The public now s days moving towards digitization and which allow the company to sell our products.
Competitor's analysis – There are not much competitors available in the market of the United Kingdom. But then also company is using the effective marketing strategy which will be helpful in evaluating the major competitors in the marketplace. Some of the major Home automation system competitor companies are Amazon Echo, Wink Hub 2, Samsung Smart Things and Amazon Echo etc.
Financial Review and Cash flow projection - The company will be need the amount of 20,00,000 for the start- up of the company and the financial cash flow projection will be managed with the help of effective financial manager and different strategies will be followed for that.
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Conclusion - The above presentation states that theideais very effective and can easily attract the wide range of people and it will be implemented by the effective time management strategies so that the needs and wants of the consumer can be meet effectively.
REFERENCES Cockrell, R.A., and et.al., 2016.Home automation system and method including remote media access. U.S. Patent 9,473,324. Jacobsson, A., Boldt, M. and Carlsson, B., 2016. A risk analysis of a smart home automation system.Future Generation Computer Systems. 56. pp.719-733. McCarthy III, B.A., EchoStar Technologies International Corp, 2018.Alert suspension for home automation system. U.S. Patent 9,967,614.