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Innovative Product Development Plan for Team 7

This proposal outlines an innovative product idea designed to simplify user experience through intuitive UI. Our product will outperform current market solutions by providing superior functionality and ease of use. Our target customers are tech-savvy individuals seeking efficiency in their daily tasks. We aim to promote our product through social media and strategic partnerships. We’ll generate profit via direct sales and subscriptions, forecasting steady revenue growth. A clear budget plan covers personnel needs and essential hardware, ensuring project feasibility while maximizing team efficiency.

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Innovative Product Development Plan for Team 7

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Presentation Transcript


  1. [Product name] [team number]

  2. Tips • Lots of figure & less text on each slide

  3. Product Idea • Use one sentence to summarize the idea • Have to be easy to understand and powerful

  4. What’s already on the market? • Why is your product better than the current product? • Who is your customer? • How to publicize your product?

  5. Business Model • How do you obtain profit for the company? • Estimation of profit for the next few years

  6. Overview of product features • Summary of functional spec.

  7. UI Design • How do you design your UI that is easy for your customer? • Paper prototype of some important UI

  8. Expected technical difficulties • What is the most difficult to implement in your product? • What’s so special about your method to solve the difficulty?

  9. Budget planning (Personnel) • What type of personnel will you hire? What are their qualifications? • Salary planning? • (Note that you must include all the team members)

  10. Budget planning (Equipment/Hardware) • List of equipment/hardware that you will buy • (Don’t forget the furniture) • Any special things about the hardware that you will buy?

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