Vinspi milestones for Angelcube - Week 3
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Ivan Lim presented the week 3 milestones for Vinspi. He tested assumptions about customer satisfaction and the usability of Vinspi's design system, finding them to be true. The assumption about tailors handling increased volume was still untested. This week, Ivan will finalize the budget, continue pop-up store research, and speak to mentors about branding and PR strategy. The end goal is kick ass domination through focused execution of the marketing and business plan.
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I was able to visit some aspects of our goal delivery plan during my Gemba Tour. What I saw from these places were the consumer preference of our goods, and I saw that our rivals have a strong rivalry in terms of product preference. Customers will select or purchase the commodity of our rival regardless of the product's unit value. I noticed that our goods were expensive relative to our competitors' products. Our rivals will and the quality of their goods to sell further when our products are stagnant.
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As I watched Gemba on my walk I also saw that several consumers had no knowledge about our goods in the region that I was walking in Gemba (Shaikh, 2018). Many of the consumers didn't recognize our goods and the less who knew our products were too pricey when asking about them.
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By observing our focus areas for our product delivery strategy. I have been able to identify certain chances. The benefits that I have found are that due to the rise in clients, we will increase our distribution percentage from 50% to 80%. I was happy to see our revenue increase as we would make current consumers and new customers aware of the products (Regan, et al. 2021). Another chance I had was that we could start a subsidiary at the heart of our sales targets in order to get our goods closer to our consumers.
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I spoke to our existing clients, access critical and the neighborhood where I held my Gemba walks during my Gemba walk. Our clients, future customers and the world were the people I worked with. They are responsible for using our goods and even selling our products on our behalf (Al Ajlouni, et al. 2021). What I have heard from our clients, future customers and the world is that they need our goods, and because of our weak delivery, they cannot get our products. Everything they said was that in the middle of our project proposal, we must open one branch that would enable them to quickly get our goods without any discomforts.
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Component identified
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As I watched Gemba on my walk I also saw that several consumers had no knowledge about our goods in the region that I was walking in Gemba (Shaikh, 2018). Many of the consumers didn't recognize our goods and the less who knew our products were too pricey when asking about them.
Background
By observing our focus areas for our product delivery strategy. I have been able to identify certain chances. The benefits that I have found are that due to the rise in clients, we will increase our distribution percentage from 50% to 80%. I was happy to see our revenue increase as we would make current consumers and new customers aware of the products (Regan, et al. 2021). Another chance I had was that we could start a subsidiary at the heart of our sales targets in order to get our goods closer to our consumers.
Assessment
I spoke to our existing clients, access critical and the neighborhood where I held my Gemba walks during my Gemba walk. Our clients, future customers and the world were the people I worked with. They are responsible for using our goods and even selling our products on our behalf (Al Ajlouni, et al. 2021). What I have heard from our clients, future customers and the world is that they need our goods, and because of our weak delivery, they cannot get our products. Everything they said was that in the middle of our project proposal, we must open one branch that would enable them to quickly get our goods without any discomforts.
Recommendation
We can prioritize the delivery of goods as the short-term ideas about how to boost product distribution in our business. This is by placing all our money to enable our products' distribution channel to move efficiently. We should also establish metrics and monitor results. The long-term concept is that we can open different stores at our various consumer points to allow them or to buy and access our goods. My employer is reacting well to this mission, since it provides an incentive to recognize the different methods to be used to enhance the delivery to our consumers of our goods, which can lead our business to benefit.
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Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
-- June 2024 is National Volunteer Month --
Check out our June display of books on voluntary organisations
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What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
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The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
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Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
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12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
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- 1. Week 3 Milestones Presentation Ivan Lim ivan.lim@vinspi.com.au / Confidential - Do not distribute
- 2. Last Week Had a few assumptions to test 1. Customers would recommend Vinspi and return to purchase again 2. The Vinspi design system is user friendly and easy to use 3. People find the measurement system simple & easy to follow 4. As sales volume increases our tailors can handle the increase while maintaining product quality
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- 4. Assumptions Tested Assumption : The Vinspi design system is user friendly and easy to use People find the measurement system simple & easy to follow Verdict : True
- 5. Assumptions Untested Assumption still untested : As sales volume increases our tailors can handle the increase while maintaining product quality Actions this week : Speak to tailors and put together workflow plan
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- 17. End Goal + = Kick Ass Domination ivan.lim@vinspi.com.au / Confidential - Do not distribute
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