Management

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

MANAGEMENT1
Executive Summary
The report has helped in the analysis of the new development of the product which is named
as Family Care Sensor Application which will be helpful for the different group of
individuals in the market. In the present scenario, the working schedules of the different
individuals are tough and tight scheduled and due to which they do not remember to take care
of their own health and take proper care of their parents. In addition, it can be seen that with
the introduction of the respective business canvas model, the respective product will be
suitable for the gaining of competitiveness in the market and generate huge revenues.

MANAGEMENT2
Table of Contents
Introduction................................................................................................................................4
Examination of Issue and Analysis of Innovative Solution.......................................................4
Analysis of Benefits to Clients to be Generated from Idea........................................................5
Analysis of Proposed Business Canvas Model..........................................................................5
Customer Segments................................................................................................................6
Key Partners...........................................................................................................................6
Key Activities.........................................................................................................................6
Key Resources........................................................................................................................6
Value Propositions.................................................................................................................6
Channels.................................................................................................................................7
Revenue Structure..................................................................................................................7
Cost Structure.........................................................................................................................7
Customer Relationships.........................................................................................................7
Key Interrelationship in Business Canvas Model......................................................................7
Critical Success Factors.............................................................................................................8
Identification of Critical Risks and Assumptions......................................................................8
Evaluation of Feasibility of Idea................................................................................................9
References................................................................................................................................10
Appendix..................................................................................................................................12
Business Canvas Model.......................................................................................................12

MANAGEMENT3
Introduction
The report helps in the identification of the most innovative solution that can be
established for meeting the various kinds of requirements of customers who belong from the
explicit cluster in the market. In addition, the business canvas model needs to be prepared
which will be apposite in understanding the success of the product. In the report, the new
product which has been developed is Family Care Sensor Application wherein sensor is the
main element that will be employed as the alarm for making the different individuals
remember the health-related checkups and tracking the health conditions of their family
members when they are away.
Examination of Issue and Analysis of Innovative Solution
The issue which has been identified is that in the current scenario of the busy life
schedules of the different individuals, the health-related factors are being ignored which is the
major asset of the human beings. In addition, it has been noticed that due to official aspects,
the individuals stay away from their home for a long span of time, due to which they cannot
take care of well-being of their mothers and fathers that is making issue for them.
Additionally, with the help of the Family Care Sensor Application is considered to be
the ultimate solution for tracking the different health related issues as well as resolving them.
It is the most innovative solution which can be used by the different customers who stay
away from their parents as it will be employed as alarm that will be delivering different
notifications regarding their health conditions such as blood pressure or the level of sugar
(Wamba et al., 2017).
The most innovative aspect of the application is the sensor that will be available in the
watches which will be worn by both the parties. During any kind of emergency, the sensor
will be buzzing and it will notify the individuals regarding the health conditions. In addition,