Help me study for my Management class. I’m stuck and don’t understand.
Week 6 Discussion
Are You Sitting on a Million Dollar Idea? – Watch the video Are You Sitting on a Million Dollar Idea? and answer the following questions:
- What product would love to see revamped to meet your needs. Or is there a new product that has not yet been created to meet your needs. Do not create a charity/non-profit as this will cause challenges in later discussion.
- Using the bases of segmentation, define the target market for your new creation.
- What are the barriers to entry for this revamped or new product?