Product Launch Strategy - inflatable water park

Closed
R&B Retreats
Greely, Ontario, Canada
Roland Tiamuh He / Him
President
(8)
4
Project
Academic experience
120 hours per learner
Learner
Anywhere
Intermediate level

Project scope

Categories
Communications Market research Competitive analysis Market expansion Product or service launch
Skills
marketing market size go-to-market strategy packaging and labeling new product development commercialization
Details

We want to expand our product offering with a new line: inflatable water park . We need insights to help anticipate the ramp-up to commercialization and the best approach to go to market successfully with our new product. Initial questions to brainstorm include, but are not limited to:

1. Is our current location the best place to launch for early success? What is the total market size for this opportunity?

2. With whom should we partner on manufacturing, kitting, packaging, warehousing, and fulfillment? How complex is that and how much will it cost, realistically?

3. Who are our closest competitors and how do we differentiate ourselves?

4. How do we establish our brand: Build awareness, acquire customers, and defend any early success?

We are looking to gain alternative perspectives on potential marketing tactics and better understand the current competitive market.

Deliverables

The final deliverables should take the form of:

  • A preliminary report with assessment of potential
  • A final report
  • A 30-minute presentation
Mentorship

Students will connect directly with the employer for mentorship and supervision throughout the project.

Students will work closely with the primary project manager who is supervising and available for questions. This will also include occasional progress meetings where adjustments to the students' tasks and duties can be made if necessary.

We will plan to communicate with our virtual intern using these communication tools: (MS Teams, Zoom, email)

Student's primary contact: (Roland Tiamuh, President)

Secondary contact: (Bailey Reid, Vice President)

Supported causes
Industry, innovation and infrastructure

About the company

Company
Greely, Ontario, Canada
2 - 10 employees
Travel & tourism

I am a project manager with the Canada Revenue Agency and a real estate investor. Motivated and disciplined, my tax and project management skills have evolved from my background as a professional soccer player. My role in R&B Retreats is to oversee human resources management, financial management, renovation projects and other administrative requirements.