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To meet the domestic needs of modern living through the use of cutting-edge technological innovations, so as to enhance the effectiveness and quality of lives.. Company's Mission Statement. Functions of our Company. A design house for providing technological solutionsProviding Research
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1. Mobile Phone Item Locator MPIL (pronounced as am-ple)
3. Functions of our Company A design house for providing technological solutions
Providing Research & Development services for external house projects
4. Product Concept - MPIL Mobile Phone Item Locator – MPIL
Technology application? Manufacturing & Production? Assembly and Marketing? Consumer Market
5. Survey
6. Survey
8. How our system works MPIL reader chip will be embedded on the Printer Circuitry Board (PCB) of the mobile phone.
-- Target Read Range: 20 metres.
Tags will be placed on your personal belongings.
Password Protection
SIM card Sensitive
Transferability
9. SIM card Sensitive
Program is user sensitive
Call service provider to deactivate your SIM card
10. Transferibility
No reprogramming needed
Information stored can be transferred to new phone with choice of using either GPRS, Infrared or Bluetooth technology
11. User Interface (I)
12. User Interface (II)
13. User Interface (III)
14. User Interface (IV)
15. User Interface (V)
16. User Interface (VI)
17. Porters 6 Forces Bargaining Power of Suppliers:
Suppliers needed for production of prototype chip and board for testing in the R & D are readily available
Switching cost of one supplier to another is relatively low
18. Porters 6 Forces Bargaining Power of Customers (Hand
Phone Companies):
- Many hand phone companies in the market
Customers might be able to come up with the solution themselves
Product not of strategically importance to the customer
19. Porters 6 Forces Threat of Potential Entrants:
Accessing to suppliers is easy
Non disclosure agreements could be set up with alliance partners
Initial start up costs is high
20. Infrastructure and resources needed for R & D already in place
High growth potential of the hand phone market
Barriers to entry of new entrants is low
Level of competition relatively low
Thus, strategy for company is to focus on core competency (design of solution) and leverage on other companies for resources needed Porters 6 Forces
21. Strategies of our company Selling of intellectual property rights to our innovations and solutions through passive multiple licensing
Collaboration with Handphone manufacturers like Nokia, Motorola, Sony Ericsson to establish MPIL as a standard in the handphone industry
22. Our Alliances Complete rights to our designs
Licensees develop the market
Help in the marketing and distribution of the product
Has access to new generations of its technology
Fund providers for future development programs
23. How to market our technology to Telecom Companies Foresee long term benefits of RFID technology
Consumers will prefer to the mobile phone with our technology as compared to mobile phone which do not have.
24. Market Diffusion Early adopters
Teenagers
Early Majority
Young urban professional
Late Majority
Majority of the mobile phone consumers.
26. Costs of Research and Development (1)
27. Costs of Research and Development (2)
28. Pro Forma Income Statements
29. Cash Flow from Assets
30. Future Prospects Expand into the commercial product market
Develop new and further ranged “readers”
Possibility of diversifying R&D scope
31. Contribution to Social Good Saves time
Saves space
Less item management required
The 3 above contribute to a better quality of life(78% of survey)
Aid the elderly who tend to forget things the most
32. Question & Answer Is there any question?
33. Component (modular) Innovation Definition: An innovation to one or more components that does not significantly affect the overall configuration of the system
Design a chip which is compatible with the Printed Circuitry Boards (PCB) already present in the mobile phones.
The chip acts a a RFID reader with the software we created
By incorporating the chip into mobile phones, it will be able to locate lost items without changing the overall architectural of the mobile phone
34. Incremental Innovation Definition: An innovation that makes a relatively minor change from (or adjustment to) existing practices
Create a user friendly software interface in the mobile phone to detect lost items
Compared to the current RFID items detector, the software interface in the mobile phone is much more user friendly and more efficient in locating lost items