Project Title: Novare's Emergence Into The Market
Novare Products LLC
| Details | |
|---|---|
| Project Title | Novare's Emergence Into The Market |
| Project Topics | Growth Strategy Marketing Research & Development Sales & Business Development |
| Skills & Expertise | Market Research Qualitative Research Quantitative Research |
| Project Synopsis: Challenge/Opportunity | Novare Products LLC: Ethically and responsibly creating and delivering compelling products that enhances the lives of our customers, offers a positive experience for employees and partners, and instills an exceptional brand image.
The company was founded in 2019 and the corporate partner is Mr. Wayne Crolley, MBA. For more information about the company, please visit their LinkedIn page and/or website: https://www.linkedin.com/company/novare-products/ & https://www.novare.biz/ The double-edged sword of bringing a product to market that has entirely new functionality and won't be asked for (because no one is aware) but is compelling for general consumers (based on a 1,000 person user survey we just completed) once they see our CGI renderings of the products. Need awareness is there, finding the right B2B partner and gaining traction with investors. |
| Project Synopsis: Activities/Actions Required | We already see and have had tremendous support from the assistive technology market segment, and we've developed a strategy for general consumer markets, but we need clarity around messaging strategy and content for that segment. We also need to understand how to "tap into" the consumer sentiment of providing for live in parents and for themselves as they age.
Students can expect to support the corporate partner in the following areas: -Market analysis -Competitor analysis -Pricing information -Value proposition & brand awareness (to the general public) -Marketing strategy & messaging |
| Project Synopsis: Expected Results | A thorough, well articulated market analysis and marketing strategy for the consumer market.
This project is a great opportunity for our MBA & Analytics MBA students to collaborate with a small business focused on taking assistive technology to a new level! With this being said, all School of Business graduate students are more than welcome to apply for this project team. |
Project Timeline
| Touchpoints & Assignments | Date | Type |
|---|---|---|
|
Initial Onboarding Information |
Jan 02 2024 EST (UTC-05:00) | Other |
|
First Day of Classes & Academic Calendar |
Jan 17 2024 EST (UTC-05:00) | Event |
|
Stevens Brand Guidelines |
Jan 17 2024 EST (UTC-05:00) | Other |
|
Industry Capstone Program Webpage & Resources |
Jan 17 2024 EST (UTC-05:00) | Other |
|
Student Pre-Kick-off Self-Assessment Form |
Feb 10 2024, 23:59 PM EST (UTC-05:00) | Evaluation |
|
Student Temperature Check |
Feb 23 2024, 23:59 PM EST (UTC-05:00) | Evaluation |
|
Midterm Presentation Information |
Mar 18 2024 EST (UTC-05:00) | Other |
|
Midterm Presentation Submission |
Apr 01 2024 EST (UTC-05:00) | Action Item |
|
Final Presentation Information |
Apr 01 2024 EST (UTC-05:00) | Other |
|
Student Temperature Check |
Apr 05 2024, 23:59 PM EST (UTC-05:00) | Evaluation |
|
Final Presentation Submission |
May 14 2024 EST (UTC-05:00) | Action Item |
|
Student Post-Engagement Self-Assessment Form |
May 14 2024, 23:59 PM EST (UTC-05:00) | Evaluation |
|
Industry Mentor Post-Engagement Team Assessment Form |
May 17 2024, 23:59 PM EST (UTC-05:00) | Evaluation |
Program Managers
| Name | Organization |
|---|---|
| Kate Marsden | Stevens Institute of Technology, School of Business Industry Capstone Program |
Teams
| Team Name | Project Name | Team Members |
|---|---|---|
| Novare: Spring 2024 | Novare's Emergence Into The Market |
