33
Smart watch Inez Rihui Anam Waqas Dexin

Smart Watch: a business model

Embed Size (px)

DESCRIPTION

These slides use ideas from my (Jeff Funk) class to develop a business model for Samsung’s smart watch. Its smart watch works with Samsung’s mobile phone to enable users to more quickly and easily access information. In the future, its smart watch is expected to perform many of the functions that its mobile phones now do. These slides analyze athletes, the elderly, youth, and travelers as potential customers for Samsung’s smart watch. It describes several scenarios under which these users can obtain value from the watch now and in the future.

Citation preview

Page 1: Smart Watch: a business model

Smart

watch

Inez

Rihui

Anam

Waqas

Dexin

Page 2: Smart Watch: a business model

Agenda • Introduction

• Customer Selection

• Value Proposition

• Value Capture

• Scope of Activities

• Strategic Control

• R&D suggestions

Page 3: Smart Watch: a business model

Evolution of Smartwatch

Page 4: Smart Watch: a business model

Smartwatch Computerized wristwatch

Calls, camera , games,

compass , GPS

calculator,

apps.

Upcoming wearable tech industry

Samsung, Sony, Pebble

Page 5: Smart Watch: a business model

Smartwatch:

Building on Smartphone

Upcoming

Wearable

technology

Saturated Market

Declining Usage

Page 6: Smart Watch: a business model

Samsung Gear

Page 7: Smart Watch: a business model

Specs and Features

• Display (41.4mm)

• Camera 1.9 Megapixel

• MP4HD(720p)

• Playback & Recording

• Bluetooth®

• Accelerometer

• Gyroscope

• Memory 4GB + 512 MB (RAM)

• Dimension 36.8 x 56.6 x 11.1 mm

• 73.8g

• Battery Li-ion 315mAh

Page 8: Smart Watch: a business model

Featured Apps

Page 9: Smart Watch: a business model

Customer Selection

Sports / Athletes Medical / Elderly

Education / Youth Travel / Adventure

Page 10: Smart Watch: a business model
Page 11: Smart Watch: a business model

Value Proposition

(Elderly) Wearable

Intelligent alert system

Heart attacks

Parkinson disease

Sudden falls

On-the-go care

Health monitor

(heart beat, hydration - > backlogs)

Medicine reminders

Dietary consumption warnings

Page 12: Smart Watch: a business model
Page 13: Smart Watch: a business model
Page 14: Smart Watch: a business model

Value Proposition

(Sports)

Wearable (ergonomic)

Waterproof

Athlete performance feedback

Instant & real-time

Intelligent & integrate-able to gestures

Monitor & keep track

Dynamic training enhancer

Audio-based, On-the-fly coach suggestion

Page 15: Smart Watch: a business model
Page 16: Smart Watch: a business model
Page 17: Smart Watch: a business model

Value Proposition

(Adventurers / Travelers)

Long Battery Life

Weather-Proof

Water Activities

Instant Information Retrieval

Comprehensive Traveller Tools

Handsfree

Page 18: Smart Watch: a business model
Page 19: Smart Watch: a business model

Value Proposition

(Youth)

Instant Notifications

Social media

Instant Accessibility of Functions

Music

Camera

Weather-Proof

Always Attended

Page 20: Smart Watch: a business model

Existing

Solutions

All in one.

Page 21: Smart Watch: a business model

Value Capture

Samsung

GEAR Watch

Travelers

Medical

Sports

Youth

$300

Partner Institutions

exposure

Commission / referral

App Developers

Development platform & license

commission

Data

Specialized apps

Service

Monthly subscription

Travelers

Medical

Sports

Samsung App Developers

Partner Institutions

GEAR Watch

Service

$300

Data

exposure

Commission / referral

Specialized apps

Monthly subscription

commission

Development platform & license

Page 22: Smart Watch: a business model

Scope

of

Activities

Page 23: Smart Watch: a business model

In-house manufacturing

@ Giheung, Korea

R & D

Collaboration with App

developers

Marketing: Partnerships,

Ads, Endorsement &

Sponsorship

Distribution: both Samsung & third party

outlets

Page 24: Smart Watch: a business model

Strategic

Control

Page 25: Smart Watch: a business model

Strategic Control

Patents on flexible displays, design etc. Samsung App store

Partner with Hospitals to encourage patients to use

device for health monitoring

Early market capitalization by

targeting all major sectors. Create high

switching costs.

Page 26: Smart Watch: a business model

R & D

suggestions

Page 27: Smart Watch: a business model

• Flexible screen: wearable fashion accessory

Page 28: Smart Watch: a business model

• Smartwatch as an independent device

Page 29: Smart Watch: a business model

• Solar energy as a possible source of charging

Page 30: Smart Watch: a business model

• Graphene as a battery alternative

Page 31: Smart Watch: a business model

• Compatibility with all Android devices

Page 32: Smart Watch: a business model

R&D Marketing

& Sales Manufacturing Direct sales Subscription

Fees

Commissions

/ Referrals

Athletes

Elderly

Youth

Travelers

Institutions: 1) Sports Associations 2) Hospitals

3) Schools 4) Travel Agencies

App

Developers

Telcos

Patents

Technical

Support

Specialized

Applications

R&D

SDK Development

Handsfree

User

Friendly

GPS Navigation

Telcos

Samsung &

3rd Party

Distribution

Lightweight

Operates

Applications

Page 33: Smart Watch: a business model

Questions?