buad 307 project: new product development

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Protecting the Future

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Page 1: BUAD 307 Project: New Product Development

Protecting the Future

Page 2: BUAD 307 Project: New Product Development

The Nest Company

Page 3: BUAD 307 Project: New Product Development

Current Products

Page 4: BUAD 307 Project: New Product Development

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

Page 5: BUAD 307 Project: New Product Development

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

Page 6: BUAD 307 Project: New Product Development

Current Performance

Page 7: BUAD 307 Project: New Product Development

The New Product: The Nest Protect Plus

Page 8: BUAD 307 Project: New Product Development

Features

Page 9: BUAD 307 Project: New Product Development

Compliments Existing Devices

Page 10: BUAD 307 Project: New Product Development

Promotion and Distribution

● focus on the security market● focus on B-to-C rather than B-to-B● Distribution: continue the hybrid strategy

Page 11: BUAD 307 Project: New Product Development

Positioning and Price

$249.99 $299.99 $99.99

Page 12: BUAD 307 Project: New Product Development

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

Page 13: BUAD 307 Project: New Product Development

Channel and Diversification

Home Automation Home Security

Page 14: BUAD 307 Project: New Product Development

Final Recommendation