buad 307 project: new product development
TRANSCRIPT
Protecting the Future
The Nest Company
Current Products
Nest SWOT Analysis
Strengths● Apple Alums as founders● Google funding for R&D
Weaknesses● Too young
Opportunities● Relatively new market allows for innovation
Threats● Small market means difficulty for growth
Honeywell SWOT Analysis
Strengths● One of the largest American conglomerates● Over 130,000 employees● Strong expenditure on R&D
Weaknesses● Past weapons production has brought bad image
Opportunities● Growth in the emerging economies like India, China,
Brazil etc can boost international market share
Threats
● Strict government policies and environmental regulations affecting operations
Current Performance
The New Product: The Nest Protect Plus
Features
Compliments Existing Devices
Promotion and Distribution
● focus on the security market● focus on B-to-C rather than B-to-B● Distribution: continue the hybrid strategy
Positioning and Price
$249.99 $299.99 $99.99
Brand RecognitionConsumer Age Are you familiar with any security
camera companies?*
Eddie Krukowski, Student
20 No
Glen Navour, Finance Analyst
48 No
Robert Smith, Customer Mngmt.
52 Yes
Alice Zhao, Chemist 25 No
*Single question taken from larger survey
Channel and Diversification
Home Automation Home Security
Final Recommendation