Innovation and Sustainable Development: Wi-Fi Smart Kitchen Appliances

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Added on 2024/06/28

AI Summary

This presentation outlines an innovative plan for developing Wi-Fi-enabled smart cooking appliances for the Australian brand Chef. It addresses the increasing demand for smart cooking solutions in today's fast-paced life. The presentation covers a portfolio of solution ideas, solution analysis, targeted customers (working young crowd, working mothers, cafes & restaurants), value propositions, benefits, business model description, value proposition development & delivery, financial value capture, and strategic fit. It emphasizes the potential of Wi-Fi-connected appliances to revolutionize kitchens, save time, and reduce costs. Key aspects include a motivated sales team, effective manufacturing cost management, and social media promotions. The financial analysis estimates costs for R&D, manufacturing, and marketing. The presentation concludes that smart cookware is essential for modern living and provides a comprehensive roadmap for implementing this innovative business idea.

INNOVATION AND SUSTAINABLE BUSINESS
DEVELOPMENT
Wi-Fi connected smart kitchen appliances

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TABLE OF CONTENT
 Introduction
 Problem insight
 Portfolio of generated solution ideas
 Solution analysis
 Targeted customers
 Value propositions benefits
 Business model description
 Value proposition development & delivery
 Financial value capture
 Strategic fit
 Conclusion
 References

INTRODUCTION
 Chef is an Australian cooking appliances brand. This
presentation includes a innovative plan for developing
smart wifi enabled cooking appliances.
 This presentation will discuss about Portfolio of
generated solution ideas, solution analysis, targeted
customers, value propositions benefits, business
model description, value proposition development &
delivery and financial value capture of the new
innovative ideas.
 Few strategies for better implement this innovative
idea to the company management will be given in this
presentation.

PROBLEM INSIGHT
 Smart cooking appliances are an essential part of today’s fast moving life.
 Most people are working and have busy life and cooking is a everyday thing
for humans as well.
 The more people are getting busier, the more they have less time for cooking.

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PORTFOLIO OF GENERATED SOLUTION IDEAS
Innovation in
cooking appliances
Timer of appliances
connected through
phones
Wi-Fi connected
smart cooking
appliances

SOLUTION ANALYSIS
Wi-Fi connected appliances and kitchen devices the future outlook of cookware
market.
Best for working people
Controlled kitchen
devices from outside
home
All kitchen is connected
through phone

TARGETED CUSTOMERS
 Wi-Fi connected kitchen appliances are the biggest demand of the customers
now days. It will reduces the cooking time. The following will be the prime
target customers:
Working young crowd
Working mothers
Café & Restaurant

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VALUE PROPOSITIONS BENEFITS
 With the help of wifi enabled smart cooking
appliances, the customers will revolutionizing
their kitchen.
 Customer can operate their kitchen devices when
they are not home.
 It will save their valuable cooking time and
money itself.

BUSINESS MODEL
Key Partners
• Hotel &
Restaurant
Key activities
• Customer
services
• Demo &
customer
feedbacks
Customer value
proposition
• Reduces labor costs
• eliminate bio waste
hazards
Relationships
•Regular customer
contact
Customer
Segments
• Local &
Independent
cafes and
restaurants
• working
people
• Working
mothers
Key resources
•Marketing team
• Technical team
Channels
• Direct stores
• Online shopping
sites
Cost structure Revenue streams

VALUE PROPOSITION DEVELOPMENT & DELIVERY
 Wifi enabled cooking appliances are best solution for those who have less time
for cooking.
Research and
development
team
Innovative
tech team
Manufactu
ring units
Marketing
team & sales
channels

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FINANCIAL VALUE CAPTURE
Description Amount in AUD ($)
Costs of R&D team for first phase $20, 000/-
Costs of Innovative tech team for samples $6, 500/-
Primary cost $26, 500/-
Manufacturing costs for 10, 000 pieces $25, 000/-
Marketing & advertisement costs $10, 000/-
Misc. expenses $3, 000/-
Total budget $64, 500/-

STRATEGIC FIT
Strategies for
new
innovation
Effective
manufacturing
cost management
Social media
promotions
Improved
customers
services
Motivated
Sales team