This is “Appendix: Illustrations of Completed Ten–Ten Templates and an Executive Summary for the AddVintner Star”, section 9.6 from the book Creating Services and Products (v. 1.0). For details on it (including licensing), click here.
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Give a brief description of your business model including what products or service you are producing or will produce.
We will develop high-tech devices that will significantly reduce the wine aging process. Most wines can benefit from aging. The typical Merlot needs 15 years to age and Pinot Noirs and Burgundies sometimes need 5 years to age. Shiraz-based wines sometimes require more than 20 years.
Describe your customers.
We will target wine connoisseurs, the wine aficionado, upscale restaurants and clubs, wine enthusiasts, and dabblers in sophistication. The wine connoisseur is one who understands the details, technique, and principles of wine as an art and is competent to act as a critical judge. The aficionado includes individuals who like, know about, appreciate and fervently pursue fine wines. The enthusiast and dabblers includes individuals who are interested in wine and enhancing prestige at a reduced price.
List and describe your current competitors.
List and describe your potential competitors.
Any business interested in wine aging technology. Companies currently producing wine refrigerators are also a threat.
Who will you purchase or acquire materials, components, resources, or other inputs from?
We will secure local manufacturers to develop the device and will hire local people to assemble the device.
SWOT (consider human resources, R&D, marketing, procurement, manufacturing, distribution, engineering, IT, finance, accounting, and legal)
What are your strengths (products, R&D, supply chain, brand, pricing, core competencies, resources, infrastructure, scalability, and interfaces)?
What are your weaknesses (products, R&D, supply chain, brand, pricing, core competencies, resources, infrastructure, scalability, and interfaces)?
What are the opportunities (growth, market share, product lines, Blue Ocean, complementary products, lock-in, brand, and first-mover advantage)?
What are the threats (substitutes, emerging technologies, new entrants, economic climate, government regulations, and social/culture issues)?
We also plan on developing a series of complementary products and services. For example, we could engage in wine consulting to producers. We could also introduce a line of wine accessories for consumers.
|Meaning||BOF POD POP EXT DIS||BOF POD POP EXT DIS|
|Attribute name||Price||Sophistication||Wine aging and refrigeration||Design|