Preview

Feasibility Study

Powerful Essays
Open Document
Open Document
2833 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Feasibility Study
FEEL CLEAN ALL DAY, EVERYDAY

FEASIBILITY DECISION: FEASIBLE

HANDY PENS, LLC.

Business Feasibility Study

EXECUTIVE SUMMARY
In the convenience driven world we live in today it is no question that people are looking for more and more ways to make their lives easier. With that being said I would like to ask you a question. On an average day how many of you find yourselves using a pen? Our thoughts exactly, so one day we sat down and thought how great it would be to combine this compact device, which people already use throughout their daily activities, with something most people wish they could use on a daily basis. Well after some brain storming that’s exactly what we did. Our new product “Handy Pens” combines the convenience and familiarity of a pen with hygienic items we found to usually be more troublesome to carry in your pockets or handbags.
For starters our pens include an attachment full of either a breath freshening spray to keep your mouth smelling minty fresh in the blink of an eye or a pen with an attachment filled with hand sanitizer keeping your hands germ free with the push of a finger. Barriers to entry in the stationary industry are low and we feel consumers would be excited to test out the innovative concept behind Handy Pens.
We understand our weaknesses and plan to turn them into strengths, we acknowledge the threats ahead and are excited to change those into opportunities. The potential rewards in this industry outweigh the risks and we are excited to dive in and see what awaits us in the near future.

BUSINESS CONCEPT
The problem our product resolves in the stationery market is the convenience of having two products combined into one. Our pens have either hand sanitizer spray or breath freshener spray built-into the pen. We will have retail customers who would distribute our product in their General Merchandise stores and commercial customers who could order customized pens

You May Also Find These Documents Helpful

  • Satisfactory Essays

    - people leave pens, notebooks and another stationery somewhere and take an effort to find it when they need it so it’s easier to take a new one…

    • 274 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Acme Case Study

    • 3738 Words
    • 15 Pages

    This report analyzes the market potential of the dog shaped letter holder in the black, chrome and gold-plated coloring. Qualities and potential of the product include the following. The dog shaped letter holder has a huge target market spanning the entire globe since everyone could use a letter holder .It has high potential demand and a huge profit margin. This means the letter holder gets a great return on any initial investment placed into it. The letter holder is durable, attractive and unique from all others in the industry making it difficult to imitate. Acme is an experienced company having been making letter holders for ten years with high economies of scales on them. This means that ACME can turn out a huge number of these letter holders at a very low cost. A huge target market exists for this product ranging from dog owners to just about anyone working at a desk. Anyone would love this product to liven up their workspace. The letter holder does have a lot of competitors so it will have to be well priced and advertised to take a large market share. Though this really shouldn’t be an issue with the high quality and brand name associated with ACME. The company has a huge potential market in front of them ranging from dog owners in Canada to just about anyone in the world who works behind a desk. Loads of alternatives exist for making this product even better. Numerous recommendations have been made the make the product even more marketable and appealing to consumers. The only thing standing in the way of ACME becoming a global brand is more capital now. The following will describe why this product is an excellent source for future investment.…

    • 3738 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Bs311 Unit 3 Essay

    • 3508 Words
    • 15 Pages

    Let 's face it: nothing beats a clipboard or a legal pad when you 're standing in a patient 's room or leaning on the hood of a car. A pen tablet computer might just change your mind. It 's the same convenient form as a clipboard but with the power of a full-featured PC and an eye-opening color screen. Suddenly, you 're tapping up records from a database, scribbling down client info, wowing customers with custom suggestions or advice for them based on their purchase history .All this with the same natural ease of a clipboard. True PC portability: it 's finally…

    • 3508 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Tagline: “Now create everything you can imagine and explore a whole new world with Bill and his exciting range of Colour Pencils, Wax Crayons and Sketch Pens.”…

    • 1636 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    The electronic paper concept was made practical by E. Ink Corporation of Cambridge, Mass., which developed the technology behind both Kindle and the more contemporary looking, Sony Reader. The unveiling of a watch by Seiko, which used E ink’s low power sheet-like displays, was consequently another venture to expand the consumer’s use of this product.…

    • 840 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Gillette has also adopted the top spots worldwide in writing instruments: Paper Mate, Parker, and Waterman brands to name a few. There were also the joining of oral care products , Oral-B, and alkaline batteries – Duracell products, which generate almost one-fourth of company profits.…

    • 1487 Words
    • 6 Pages
    Better Essays
  • Good Essays

    increasing stability and performance of touch pens in screen handwriting tasks. This experiment was conducted to see which tools worked best for certain tasks to improve quality of work for specific everyday jobs. Their evaluation allowed them to seek out the best stylus pens for writing on touch screens out there. A very important investigation since it improved the performance of touch screen use for people and essential to any writer that uses it.…

    • 824 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Dependability

    • 649 Words
    • 3 Pages

    What is the difference between a 4 dollar pen and a 4 dollar box of pens?…

    • 649 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Parker Pen

    • 1477 Words
    • 6 Pages

    Consequently, promotion strategies would lead to the decisions with regards to the distribution of products. Parker wanted all his pens to focus on a common positioning, which meant that the same types of pens would be allocated to its specified locations. The problem here is that the target markets values and interests are different across different markets, and cannot be dealt with similarly. Parker failed to realize that that you cannot use the same tactics on all individuals because each individual is unique in their own way. On the same note, this reduces the level of customization and personal preference. This also reduces customer consideration and individuals do not feel there is a sense of providing customer satisfaction. For the product, Parker pens lose its value in the pen industry for providing individuals with the writing instruments they need and have a value in. The Janesville strategy was a failure…

    • 1477 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Marketing Case Study of Lamy

    • 2419 Words
    • 10 Pages

    Segmentation Lamy is acting very successful in their core business of writing instruments. Their relevant market is separated into 50 % of fountain pens and the other half of ballpoint pens and others. The demographic customer aspects are especially focused on age. The initial writing target group represents children between five and seven years. In addition the advanced writing target group include young and schoolchildren. The last target group of adults is concentrated on personal accessory and design. The aspects of income and profession also seems to play an important part of market segmentation. Lamy sells pens from 4€ to 400€ in public and thus covers all target groups of the society, from manager and office employees to a normal housewife. Above of all, the fountain pain is seen as an status symbol for most of the adult users. Therefore people with a higher income would prefer to buy a very exclusive fountain pen to impress their environment with high quality and exceptional design. Noticeable is, that business people emphasize to sign contracts or other important documents with special fountain pens. For this segment Lamy offers exclusive pens, with high quality and unique design which are oriented on individuals and their imagination of shape and function. For example the Lamy Al-Star, a pen made entirely of aluminium operate such professions like manager. The pen is sturdy and has the imagination of strength and power, features that are very important for successful business people. To be sure Lamy has no explicit segmentation of gender. But if we look on the latest product, the Lamy Accent, a pen with interchangeable grip and various shapes and colours we can possibly say this product respond the female segment. Women have an awareness of colours and various shapes. They can try a lot of grips to find their appropriate one and “play” with colours. Therefore this product is not…

    • 2419 Words
    • 10 Pages
    Better Essays
  • Good Essays

    A quick glance at the official Penomet website will showcase the company’s different achievements over their short but successful existence that proves, once again, that their revolutionary water assisted device is as effective as it promises to be.…

    • 828 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The designer of the 5 Pen Technology, ”Toru Ichihash” , said that” In developing this concept he asked himself – “What is the future of IT when it is small?” The pen was a logical choice. He also wanted a product that you could touch and feel. Further, the intent is to allow for an office anywhere.”…

    • 12736 Words
    • 51 Pages
    Good Essays
  • Better Essays

    Ballpoint Pen

    • 1366 Words
    • 6 Pages

    Every writer has it. Every student needs it. Every teacher brings it along with him, also every secretary, and most especially every journalist. What is it? A ballpoint pen, or commonly known as ball pen.…

    • 1366 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    FRIXION Pen

    • 709 Words
    • 3 Pages

    Nowadays, we people always want to have an easy and comfortable life. And through the help of technology we were able to achieve it. Since there are a lot of innovations we’ve seen and most of them are in the line gadgets. Now, here comes a new innovative product that would really intrigue us. This product suits the needs of the students and office workers especially in the field of taking notes or writing, and this product is the FRIXION PEN.…

    • 709 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    you err it stir

    • 706 Words
    • 3 Pages

    However, since science is always given preference over movies in our media, people have gone suitably ga-ga over the invention. And just when the pen is all set to chalk its own course, the naysayers (read manufacturers of ordinary gel pens and ball pens) have embarked on Project Sabotage, to make sure that the success story of the pen springs a leak.…

    • 706 Words
    • 3 Pages
    Good Essays

Related Topics