This partnership would bring in additional revenue to the State and the Insurance Companies would receive greater volumes of consumers. This idea would not stop with the State and Insurance Companies but would also provide incentive tax credits to consumers’ that elect to pay the additional nominal fee for this added feature to their driver’s license. Car companies that put card readers into the dashboard on their vehicles would also receive a tax credit and deductions for each vehicle …show more content…
Now with this spark of innovation the number of drivers on the roads today are better apt to participate in attaining insurance to begin with. These facts can be very largely attributed to the credits, deductions, and rebates offered by automobile dealerships, insurance companies and the state and government income taxes. The impact on the result of this product, the customer value created by this product, the implementation process, and the measurement of impact that this product will have on society by using the Blue Ocean Strategy demonstrates the advantages of participating in this program. Not only that but also makes it hard for thieves to by-pass the fail-safe feature needed to drive any vehicle equipped with these services. The spark started small but is now a full fledge roaring fire and no longer a small waning