Analysis of Innovative 3D Earphones for Meeting Customer Requirements

Running head: MANAGEMENT
Management
Name of the Student
Name of the University
Author note

MANAGEMENT
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Executive Summary
The report has helped in the overall analysis of the different kinds of innovative ideas which
plays a major role in meeting the different requirements of a certain group of customers
through generation of the innovative idea and gain competitive advantage in comparison to
the other competitors present in the market. Thee introduction of 3D earphones can be
essential in meeting various demand of customers through making the price affordable and
gain competitive advantage in the market as well.

MANAGEMENT
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Table of Contents
Introduction................................................................................................................................3
Analysis of Issue and Identification of Innovative Solution......................................................3
Advantages of Innovative Earphones.........................................................................................3
Business Canvas Model.............................................................................................................4
Building Blocks......................................................................................................................4
1. Customer Segments............................................................................................................4
2. Key Partners.......................................................................................................................4
3. Value Propositions.............................................................................................................5
4. Key Activities.....................................................................................................................5
5. Channels.............................................................................................................................5
6. Revenue Streams................................................................................................................6
7. Cost Structure.....................................................................................................................6
8. Key Resources....................................................................................................................6
9. Customer Relationships.....................................................................................................6
Interrelationships between Nine Building Blocks of BMC.......................................................7
Critical Success Factors.............................................................................................................7
Critical Risks and Assumptions.................................................................................................8
Feasibility Analysis....................................................................................................................8
References..................................................................................................................................9
Appendix..................................................................................................................................11
Business Canvas Model.......................................................................................................11

MANAGEMENT
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Introduction
The report throws light on overall analysis of the most innovative idea which will be
developed in managing the various kinds of requirements of the specific group of customers
present in the entire market. Furthermore, the appropriate canvas model will be designed as it
will be suitable in managing the product success. The development of the innovative product
in the respective assignment is 3D Headphones which is suitable for the ones for the young
millennials or the ones who are not earning, however they are a fan of music. The main aim
of the report is to solve the problems of the different deaf individuals in the market according
to the preferences of the customers in the market in comparison to the other competitors
present in the market.
Analysis of Issue and Identification of Innovative Solution
The main problem which is faced by the different individuals who are the school
goers or college goers who do not have their own income, however they prefer listening to
3D music on different social media channels such as YouTube which charges huge amount
for subscription. However, the respective group do not have money in subscribing to
YouTube and in such scenario, the 3D music can be heard with the 3D headphones which
will be suitable for meeting the demands. Therefore, the respective Earphones will be
designed in a manner wherein the specific group of customers can hear to music of their
choice which are stored in the mobile phones and there is no requirement of internet.
Advantages of Innovative Earphones
The main advantage of the innovative 3D earphones is that the sound quality is
superior and it helps in capturing the 3D effect of all the songs which are stored in the mobile