In the world of business and invention, the entrepreneurial mind combines ingenuity, fearlessness, vision, adaptability, and perseverance, allowing individuals to recognise opportunities, solve problems, and pursue their goals.
Group Decision Making: Asking the Targeted Market for their Response or Suggestion about the proposed product
Most of our respondents have positive feed back about the Banana Stem Insulator, which could help us to improve the product. The response of the interviewees about the pricing is also positive, they would like to use an insulator made with organic materials which could benefit the environment and lessen the carbon footprint of making synthetic insulators. There is draw back, since the insulator is made from organic materials which can decay overtime they would like to extend its usefulness by making some improvements in making the actual insulator
Our Decision-Making Procedure
As previous blog mentioned
Giving Ideas: By providing some ideas, we have concluded our potential solutions to the concerns raised by the interviewees.
Knowing the Challenges: In order for us to give the target market a reliable product, we've know the challenges, an example is longevity and durability of the product
Feasibility: We are seeking for materials that are readily available and inexpensive in order to add economical insulators.