A business model for a preventive and corrective helmet for pediatric head trauma:
From the assigned textbook, “Reusable product, capital equipment product, service, fee per use, subscription, over-the-counter product and prescription products" have been identified as a business model for my innovation.
Here is the justification for each business model:
Reusable product: Reusables are of moderate life-span with multiple uses. However, their cost is a demand of a significant more diminutive than a capital equipment thing. A child will wear a preventive and corrective helmet when he will go to play an open-air(outdoor) game like football, ice-hockey, etc. A child will wear a preventive & corrective helmet when he will go to play an outdoor game. Upon completion of one game, he will …show more content…
Physicians are not associated with the proposals of OTC treatments and it is upto a patient that which treatments they want. They can select any route for a treatment and any product for themselves. As I stated head trauma for pediatric population is major of sporty nature and helmet must be worn to them in order to prevent an injury. But in case of an incident of an injury, a worn preventive and corrective helmet may prevent excessive bleeding and try to establish maintained ICP-Intracranial pressure and patient feels relieved. Such an appealing advancement if publicized for beyond any doubt it urges individuals or guardians to buy for their child’s wellbeing, so they can be worries less in their nonattendance if a child went on a play. Commercial ought to be made straightforwardly to customers or to general retailers. OTP products seldom require a costly direct deal compel. A sizable showcasing(marketing) budget is also required to advance a brand. I don’t feel there would be any noteworthy issue entering this market. Another alternative is to collaborate with a bigger more settled firm with a prepaid deal
From the assigned textbook, “Reusable product, capital equipment product, service, fee per use, subscription, over-the-counter product and prescription products" have been identified as a business model for my innovation.
Here is the justification for each business model:
Reusable product: Reusables are of moderate life-span with multiple uses. However, their cost is a demand of a significant more diminutive than a capital equipment thing. A child will wear a preventive and corrective helmet when he will go to play an open-air(outdoor) game like football, ice-hockey, etc. A child will wear a preventive & corrective helmet when he will go to play an outdoor game. Upon completion of one game, he will …show more content…
Physicians are not associated with the proposals of OTC treatments and it is upto a patient that which treatments they want. They can select any route for a treatment and any product for themselves. As I stated head trauma for pediatric population is major of sporty nature and helmet must be worn to them in order to prevent an injury. But in case of an incident of an injury, a worn preventive and corrective helmet may prevent excessive bleeding and try to establish maintained ICP-Intracranial pressure and patient feels relieved. Such an appealing advancement if publicized for beyond any doubt it urges individuals or guardians to buy for their child’s wellbeing, so they can be worries less in their nonattendance if a child went on a play. Commercial ought to be made straightforwardly to customers or to general retailers. OTP products seldom require a costly direct deal compel. A sizable showcasing(marketing) budget is also required to advance a brand. I don’t feel there would be any noteworthy issue entering this market. Another alternative is to collaborate with a bigger more settled firm with a prepaid deal