9 Product Business Proposal Templates - Sample, Example | Free & Premium Templates

 

new product business plan sample

SAFEassure soap manufacturer business plan executive summary. SAFEassure has designed a new hand-soap product that uses quick-fading dye to help teach and insure proper hand washing practices. ChemSafe cleaning products business plan executive summary. ChemSafe manufactures and distributes an innovative line of biodegradable, environmentally safe, citrus based cleaners to janitorial services, wholesalers and retail outlets. A request for proposal from business entities often requires the information on the supplier’s products as a response to these requests. Another way of responding to these requests is with the use of a product business proposal samples which will show the purchaser how the terms and conditions will go about if the a business relationship transpires.


Sample Product Plan Template - 16+ Free Documents in PDF, Word


The study establishes a business plan for a new product that is going to be launched by a company that would be established in the market of Singapore. It is an end to end product that is named as Rotihome. By opportunity analysis, it has been found that there is a high demand for such kind of products.

The business mainly targets Indian and people from Middle East who live in Singapore. Thus, the product would be facilitated in such a way that it would help them to cook in less period of time. Here, the business plan is made for launching the product in the market and grab the market demand as well. As per their objectives, vision and mission, the business plan is made.

This is the new business that is going to be start up in the market of Singapore. Through analyzing the scope and opportunity of the existing market, the new business would be established that offer a product that helps to make Indian cuisine.

It has been decided that the business would be opened in the city Novena and named as Indian Cuisine Centre. The new proposed venture to be new product business plan sample by this business is the product Rotihome that would help make various Indian flat bread dishes. Apart from this, it is time consuming and thus most of the Indians in Singapore avoid cooking this item.

Through opportunity analysis, it has been found that there is a demand for this product in the market of Singapore, new product business plan sample. Furthermore, this technique helps in competitor analysis to know the threats and opportunity of the business along the strengths and weaknesses of the business Teoh et al. As per the record of7. It is one of the cosmopolitan developed cities where most of the people are engaged in several career platforms.

It has been found that new businesses can freely enter in the market of Singapore. The stable economic policy made the political environment of Singapore stable. Further, the single party ruling state helps the business to run under a stable business market.

Technological innovation is the prime reason behind the growth. According to Zhao et al. The threat is in Medium Level. It has been mentioned that starting up a new business in Singapore is way much easy. It is expected that the new business would be launched once it successfully grabs the market.

The threat is in Low Level. No substitute product of Rotihome is present in the market of Singapore. The bargaining power of the customers is Low. It has been noticed that it has a high demand in the market. The bargaining power of the supplier is High. As the demand is high and no substitutes are available, the suppliers have the power over the product price. The intensity of competitive rivalry is High. Large numbers of products are present and available offered by the brands like Samsung, LG, Phillips and many new product business plan sample. They might imitate this idea in order to grab greater market share, new product business plan sample.

The business is targeting the middle and upper class working individuals of Singapore. It has been expected that they would able to attract the age group of years. In order to be more precise, the business mainly targets Indians who live in Singapore.

Along with that, this particular product has gained popularity due to their health benefits and tastes. Thus, it is expected that they would able to attract the people of other cultures also. However, mainly the people from India and Middle East cook and like to consume this flattened bread every day, new product business plan sample. Due to their busy schedule, customers often switch to consume other products.

In order to attract more number of customers, the business has formulated a USP Unique Value Proposition that helps to offer unique quality that its competitors are lacking in. The USP for the product Rotihome is as follows:. It has been mentioned earlier that cooking this flattened bread is time consuming in nature. Along with that, it needs perfection in adjusting softness, crispiness, quantity of oil and thickness of the bread. The USP of this product not only saves their time, but also offers best quality product.

Furthermore, by including large options, they would able to achieve its new product business plan sample and also restrain the future threat which they might face from the competitors. As stated by Krush et al. The marketing strategy for this business is discussed in the below section. The marketing mix approach helps to establish right combinations of product, place and time Barrett and Weinstein In this case, new product business plan sample 4Ps marketing mix strategy has been considered.

The product Rotihome is an end to end product which is different from the dough makers which are available in the market. The product would be facilitated in such a way that the user needs to input certain amount of flour and water only. They target the people who are from India and Middle East.

The business would be established in the market of Novena. As it is in the centre area of Singapore, the business would able to attract more number of customers. The product would be promoted with USB storage in order to train the users with video sessions. Along with that, EMI options would be provided when purchasing the product, new product business plan sample. Following the statement of Vlasov and Mark-Herbertsuccessful product launch strategy helps the organizations to attract more number of customers.

Here, the business management has decided to incorporate certain strategies to boost the sales of the product. Before launching this product in the market, they would promote their product through TV and social media sites.

Apart from this, the product would be offered at half the price when purchasing on the day of its launch. It has been mentioned that there is high demand among the Indians for this kind of products. The new product business plan sample price strategy would help to attract other customers who are not belonging to the Indian or Middle Eastern culture.

They want to attract the most possible number of buyers as it would help them to apply the word-of-mouth strategy. They would incorporate the EMI option for the first six months. It would help them to attract the price and cost conscious customers. It has been found that some people belonging to the age group years are not easily influenced by such kinds of product. They are not much bothered about their health and do not tend to change their habits Hunt Thus, they might not want to spend money on purchasing this product.

However, the EMI option would influence their buying decision. In order to develop the brand name and brand image, they would display their product in an attractive way in the social media sites, new product business plan sample. Less frequency advertisements on TV would be considered in order to make the users know about the new product. These strategies would help them to make a brand image among the consumers. It has been mentioned that no close substitutes are existent in the market at present, thus they have high a competitive advantage.

However, as some dough makers are available in the market, they need to add some visual attraction in the advertisements of new product business plan sample product.

In order to develop the product, the company would engage a research and development team. The team new product business plan sample ensure that the product includes all the features which they decided to offer. Furthermore, new product business plan sample would enhance the awareness of the need and value of the product to develop the market for this product. After achieving the growth in the present year, the company would plan to enhance their business in other parts of Singapore within the The long term goal of the company is to make it an international business, new product business plan sample.

The new product business plan sample would engage a research and development team to develop this particular product and ensure that all features are included. The management of the business would set a schedule plan for manufacturing and launching the product. Along with these operating activities, they would operate the expense as per their budget plan.

All the operating activities of the business are controlled by the control system of the organizations. The management team would involve a team that would monitor all the activities. They would ensure that all the operations are implemented as per the outlined schedule.

Furthermore, they would control the performance of the employees so that the managers of new product business plan sample company can improve the employability skills of the employees.

As per the statement of Nielsen and Lundthe scalability of a business defines the ability of that business in handling the business operations in order to accommodate growth. As per their planning and strategies, they expect to attain that growth in that specific time period. In such a case, if the organization is able to increase the demand for that particular product, they would able to increase a small bit in price and generate more profit.

In such circumstances, the business would include a clause on scalability in its contract with supplier. If the demand exceeds beyond the estimated figure, the company would enhance their logistic network to meet the demand.

The key people of the business are the management team that directs all the stakeholders in the proper direction. They belong to the top management team that mainly looks over the entire business operations. All the business decisions are made by the team in order to drive the business towards growth and success.

Other key members are the operation managers and professional staffs, new product business plan sample. The operation managers handle the issues and constraints that the staffs confront in operating the activities. Moreover, the main functions or the business operations are handled by the professional staffs. However, the management team needs to identify other key people in order to support them in achieving their individual goals.

 

New Product Business Plan Template – Word & PDF | By Business-in-a-Box

 

new product business plan sample

 

The study establishes a business plan for a new product that is going to be launched by a company that would be established in the market of Singapore. It is an end to end product that is named as Rotihome. By opportunity analysis, it has been found that there is a high demand for such kind of products. Oct 03,  · Sample business plans: Over free sample business plans from various industries. Business plan template: This fill-in-the-blank business plan template is in the format preferred by banks and the U.S. Small Business Administration (SBA). How to start a business: An easy-to-follow six-step process for starting a new business/5(3). A request for proposal from business entities often requires the information on the supplier’s products as a response to these requests. Another way of responding to these requests is with the use of a product business proposal samples which will show the purchaser how the terms and conditions will go about if the a business relationship transpires.