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