Project Title: Developing New Product Offerings that Drive Revenue and Fill Prospect Pipeline
MySherri
| Details | |
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| Project Title | Developing New Product Offerings that Drive Revenue and Fill Prospect Pipeline |
| Project Topics | Growth Strategy Product Design & Development |
| Skills & Expertise | |
| Project Synopsis: Challenge/Opportunity |
Our organization is seeking opportunities to grow our product offerings which are in line with our customized hospitality approach. We want these product offerings to not only drive revenue but present one-time opportunities to get in front of our ideal client for the ability to fill our client prospect pipeline. Ultimately, we want to convert as many of these clients to monthly subscriptions as possible.
There will need to be an understanding of our company's core values, mission and vision. There will need to be an understanding of our current cash position and the needs of our company from a cash flow perspective. We will need some addressable market analysis using our ideal client model. We will need an idea of the competition in the market for the proposal the students develop. I would like to see ideal partners for launching the new product as we are largely a word of mouth marketing strategy right now.
This project would be a success if we had the following deliverables at the end of the session:
1. Feasible product offering with supporting data as to why the market will embrace it.
2. Ideas and cost structure of how to market the new product.
3. Financial projections of the impact of the new product offering in the first 3, 6, 12 months (both for the product and assumptions on conversion rate).
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| Project Synopsis: Activities/Actions Required | |
| Project Synopsis: Expected Results |
Project Timeline
MySherri - Developing New Product Offerings that Drive Revenue and Fill Prospect Pipeline
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Due Date
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Activities |
Deliverables
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Status
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Action | |
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Thu, 01/13/22
12:00 AM
UTC
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Program Kickoff
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No Deliverables
No deliverables are required for this action item.
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Location:
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Mon, 08/01/22
12:00 AM
UTC
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Library Session
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No Deliverables
No deliverables are required for this action item.
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Description:
Students will meet with the Business Librarian, Teresa Williams, to learn about Butler's library resources.� Students will also participate in a design thinking activity.
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8:00 AM - 2:00PM - Primary Research and Data Analysis Working Session
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No Deliverables
No deliverables are required for this action item.
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Description:
Teams will have the opportunity to do primary research with the new information provided by the client company and then analyze their findings. Teams will prepare a final presentation to present solutions to the client in real-time.
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2:30 PM ET - 4:00 PM ET - Final Presentations
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No Deliverables
No deliverables are required for this action item.
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Description:
Students will have 10 minutes to present their insights directly to industry partner senior leadership in real-time. Industry partner will provide feedback and select top performing team.
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UPLOAD 1-PAGE BRAINSTORM IDEAS
Required Deliverable
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Required Deliverable
Deliverable submission is required.
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Description:
DUE by 2:00 PM on 1/14/22
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UPLOAD PRESENTATION MATERIALS
Required Deliverable
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Required Deliverable
Deliverable submission is required.
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Description:
DUE by 2:00 PM on 1/14/22
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4:00 PM ET - 6:00 PM ET - Facilitator Feedback Session
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No Deliverables
No deliverables are required for this action item.
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Description:
Teams will meet with their facilitator to give and receive valuable feedback that was observed over the day-and-a-half experience.
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Complete End of Project Evaluations
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Required Evaluation
Evaluation submission is required.
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5:30p-9:30p ET - Welcome Dinner & Client Presentation
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No Deliverables
No deliverables are required for this action item.
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Description:
Students will meet their teammates at a welcome dinner and will have the opportunity to learn more about the client through a presentation and Q&A.
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Program Managers
| Name | Organization |
|---|---|
| Luke Bickel | Butler University |
| Ashley O'Salway | Butler University |
| Marie Mackintosh | Butler University |
| Teresa Williams | Butler University |
Teams
| Team Name | Project Name | Team Members |
|---|---|---|
| No Teams Available |