Business Model Report: Analysis of Digital-Pot Innovation, MGMT20143

This report presents a comprehensive analysis of a new innovative product, the Digital-Pot, designed for office goers and individuals with limited time for plant care. The report employs the business canvas model to examine key partners, activities, resources, cost structures, value propositions, revenue streams, and customer segments. It details the Digital-Pot's features, including its ability to automatically water plants and adjust to room temperature. The report also addresses customer relations, distribution channels, potential risks, and uncertainties associated with the product's launch. Furthermore, the report highlights the use of customer-centric approaches and discusses the competitive landscape and potential for market penetration. The appendix includes the business canvas model and other relevant figures.