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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.
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Smart
watch
Inez
Rihui
Anam
Waqas
Dexin
Agenda • Introduction
• Customer Selection
• Value Proposition
• Value Capture
• Scope of Activities
• Strategic Control
• R&D suggestions
Evolution of Smartwatch
Smartwatch Computerized wristwatch
Calls, camera , games,
compass , GPS
calculator,
apps.
Upcoming wearable tech industry
Samsung, Sony, Pebble
Smartwatch:
Building on Smartphone
Upcoming
Wearable
technology
Saturated Market
Declining Usage
Samsung Gear
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
Featured Apps
Customer Selection
Sports / Athletes Medical / Elderly
Education / Youth Travel / Adventure
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
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
Value Proposition
(Adventurers / Travelers)
Long Battery Life
Weather-Proof
Water Activities
Instant Information Retrieval
Comprehensive Traveller Tools
Handsfree
Value Proposition
(Youth)
Instant Notifications
Social media
Instant Accessibility of Functions
Music
Camera
Weather-Proof
Always Attended
Existing
Solutions
All in one.
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
Scope
of
Activities
In-house manufacturing
@ Giheung, Korea
R & D
Collaboration with App
developers
Marketing: Partnerships,
Ads, Endorsement &
Sponsorship
Distribution: both Samsung & third party
outlets
Strategic
Control
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.
R & D
suggestions
• Flexible screen: wearable fashion accessory
• Smartwatch as an independent device
• Solar energy as a possible source of charging
• Graphene as a battery alternative
• Compatibility with all Android devices
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
Questions?