Smart Umbrella

Product: Smart Umbrella: with smart cooler & cellphone charger
“Enable umbrella to charge the phones. Umbrella equipped with smart cooler fan and water vapor for hot temperature areas”
This product I will sell it on online shopping within UAE
1)Business model canvas (show how you validated all your hypothesis) & value proposition canvas. Justification of the canvas: To help to understand the canvas, please add any information or justification you think is important to provide. Give example of each canvas and explain in details, prove each block, why did you write what you wrote, like Market analysis, Interviews…
http://vle.hbmsu.ac.ae/pluginfile.php/320261/mod_resource/content/1/BMC%20-%20Business%20Model%20Canvas%20Generation.pdf2)Analysis of the industry (5 forces) : You do the graph of the 5 forces and explain its content.
•Harvard Business Review : The Five Competitive Forces That Shape Strategy January 2008, Michael E. Porterm https://hbr.org/2008/01/the-five-competitive-forces-that-shape-strategy/ar/1•The Five Competitive Forces That Shape Strategy, HBR Uploaded on Jun 30, 2008. An Interview with Michael E. Porter, Professor, Harvard University. Porter’s five competitive forces is the basis for much of modern business strategy. Understand the framework and how to put it into practice.
https://www.youtube.com/watch?v=mYF2_FBCvXw3)Value curve (blue ocean strategy): Value curve based on the ERRC grid
•Harvard Business Review: Blue Ocean Strategy, Oct 2004, by W. Chan Kim and Renée Mauborgne. Competing in overcrowded industries is no way to sustain high performance. http://info.psu.edu.sa/psu/fnm/ymelhem/ blue%20ocean%20str.v2.pdf•Renée Mauborgne: Blue Ocean Strategy, Create New Markets and Leave the Competition Behind https://www.youtube.com/watch?v=clp-IMpuwaQ4)Valid real market data
•Prove you data in the business model canvas.. (each block)5)IPR strategy
•how are you going to protect your idea?6) Design of the MVP
•W6b_Minimum_Viable_Product – (Attached)7)Implementation plan and budget
•This is the action plan ; all the actions you plan to do to implement your idea.
•Week by Week at the beginning then month by month, and during the frst years.
•You will include recruitment, marketing strategy, final product….partnership, first sales…exhibitions, press coverage,…