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Strengths
It will create a brand to the customer.
Innovative leads to marketing growth and if marketed rightly, it can be
huge success.
Every country has its own demand and such product can bring good
amount of prospectives in the economy.
Increases the comfort level.
GPS tracking can lead to parents keeping an eye on children altogether
everytime.
If goes 150 mts far from each other, sends a message on the parents
mobile making them alert.
SWOT Analysis
Weakness –
Market competition.
Initial investment.
Marketing can be challenging as areas needs to be analysed and
researched.
Fulfilling the customer needs.
Manufacturing costs
SWOT Analysis
Opportunities –
To Establish a name in the market.
Growth will lead to profit, profit leads to more investment.
To outdone already existing products.
Threats –
Some other source can launch this product before us.
Improper marketing may lead to failure and huge losses.
Competitors and competitive
advantages
Competitors and competitive
advantages
Based on the statistics by Hong Kong census and statistics, United states
has good command over manufacturing units having over 11% of growth
in 2017.
Other countries apart from china has been under losses.
Financial Data
This source was extracted from one of the source from online which shows the margin of each
month of one of the baby seating manufacturing.
Months from September – December has the highest purchasing activity.
Financial Data
Another data from UK source shows different variances like sales, operating expenses
and others in the below graph.
There is a growth every year and had been ever increasing every year.
Break Even Analysis
A baby chair with Bluetooth, SMS and GPS technology is relatively new to
the market and an upcoming one.
The market analysis suggests that growth can be everincreasing by 2020
and may lead to contribute to the economy of particular country.
Till date, US is the leading manufacturer followed by China and EU regions.
Starting a business and competing with the market is challenging, but
proper marketing can land us to a destination of success.
With technology, comes making of work easier for the customers and
consumers too.
To conclude, This product can benefit the world and has necessity of
establishing itself in the market.