This document provides information for an assignment where the student assumes the role of a Category Manager reviewing a product called Moisturizing Black Soap Shampoo made by Alikay Naturals. It includes a product report detailing sales data and customer surveys that indicate the product is in the mature stage of the product life cycle. The student is asked to identify the product's stage in the life cycle, recommend improvements, and select a new product proposal to replace it.
Measures of Central Tendency: Mean, Median and Mode
NAME INSTUCTORDATEAssignment 1Product Development.docx
1. NAME:
INSTUCTOR:
DATE:
Assignment 1
Product Development & Operations – Category Manager
Analysis
Due Date: Week 3
Note: While representative of possible situations faced by
Alikay Naturals, all scenarios in this assignment are fictional.
Real Business
Let’s roll up our sleeves and use what we’ve learned this week
in a real-life business situation. Each week, you’ll encounter a
scenario where you will assume the role of a business person
who works with or at a national discount retail store, like a
Walmart or Target. These companies provide important,
everyday staples for millions of people across the country and
have become very successful businesses in the process.
Discount retail stores have locations in communities across the
country. They often have strong and recognizable brands that
are household names. We will explore how business works
throughout this course by taking on a few of the many different
roles at successful companies like these.
Your Role
This week, you’ll assume the role of a Category Manager for the
Beauty Products category at a national discount retail store.
What Is a Category Manager?
2. Category Managers are responsible for related groups of
products (for example, baseball equipment or laundry
detergents) for a retail business. They use research, information
and insights about the category to change shopper behavior and
increase sales of the products in the category. They also work
with the suppliers of the products in their category to ensure
that good products and services are available to customers.
As a Category Manager, part of your role is to analyze data and
information about how well a product is selling to help the
maker of that product improve the product and consider
introducing new products. Rochelle and her team at Alikay
Naturals have asked you, the Beauty Products Category
Manager, to review one of their products and determine where it
lies in the product life cycle. Additionally, they have asked you
to recommend ways to improve the product in order to increase
sales.
Instructions
Step 1: Product Life Cycle
Read the Product Report for Alikay Naturals Moisturizing Black
Soap Shampoo. The Product Report contains important
information that will help you to identify where the product
stands in the Product Life Cycle and give you clues about what
changes customers might like to see.
Respond to Rochelle and her team at Alikay Naturals based on
the information in the Product Report.
· Identify where Moisturizing Black Soap Shampoo is currently
positioned in the product life cycle.
Underline your selection:
Introduction
Maturity
Growth
Decline
Describe the rationale for your position.
3. · Compose 3 questions that Rochelle should pose to her team to
better understand the product’s positioning and potential at this
particular stage in its life cycle. (E.g., if you have determined
the product is in the Introduction Phase, you might suggest the
question: How have competitors priced similar products?)
Step 2: Product Changes
Based on what you’ve learned:
· What recommendation(s) do you have for Alikay Naturals to
improve or replace Moisturizing Black Soap Shampoo?
Step 3: New Product Development
Read the New Product Proposal, which contains three examples
of possible products that could be developed to replace
Moisturizing Black Soap Shampoo. Based on the information in
this proposal and the customer feedback in the Product Report:
If you had to recommend one product, which product would you
recommend they create? Underline your selection:
Organic Bloom Shampoo
Moisturizing Black Soap Shampoo with Dandruff Control
Coconut Protein Shampoo and Conditioner
Explain your decision.
Determine which type of innovation this represents from among
the four main types discussed this week. Underline your
selection:
Sustainable (eco-friendly)
4. Frugal
Sustaining
Disruptive
Briefly explain why you chose that type of innovation.
Note: You should complete Steps 4 & 5 after reading the
material in Week 3.
Step 4: Production Methods
Based on your understanding of Alikay’s position in the product
life cycle and expected sales volume:
Which production method do you think Alikay is using for the
Black Soap Shampoo? Explain your rationale.
If Alikay chose to keep the Moisturizing Black Soap Shampoo
and launch your recommended product as a “limited time only”
trial, what production method should Alikay use for the test
market product? Why?
Step 5: Real-WORLD APPLICATION
Choose a product at your company or one that you are familiar
with that is in the mature stage of the product life cycle. Briefly
describe the product, why you believe it is in this phase, and
what improvements could be made to change its current path.
5. 1 BUS508: CONTEMPORARY BUSINESS
Scaffolded TOK essay planning template
TOK prescribed title:
Possible knowledge claims and knowledge questions:
What does this title ask you to discuss? How will you
go about approaching the question?
Which knowledge questions have you selected and why?
Explain/show how they will contribute to the
development of the discussion.
Which areas of knowledge/ways of knowing will be included in
your discussion? Explain how they will
contribute to the development of the discussion.
6. List and explain your real-life examples. How and why have
you selected them? How will they contribute to the
development of the discussion?
What are the counter-claims and different perspectives to your
discussion? Show how you will consider these
in your discussion.
What conclusions have you reached about your knowledge
question(s)? What are the implications of this
conclusion?
What are my academic honesty requirements for this essay? List
the references below that require citation or
checking.
8. analyse them but it is unnecessary,
even unwise, to spend time on researching a context for them.
Examiners mark essays against the title as set. Respond to the
title exactly as given; do not alter it
in any way.
Your essay must have a maximum of 1600 words.
May 2019 examination session
– 2 –
1. “The quality of knowledge is best measured by how many
people accept it.” Discuss this claim with
reference to two areas of knowledge.
2. “The production of knowledge is always a collaborative task
and never solely a product of the
individual.” Discuss this statement with reference to two areas
of knowledge.
3. Do good explanations have to be true?
4. “Disinterestedness is essential in the pursuit of knowledge.”
Discuss this claim with reference to
two areas of knowledge.
5. “The production of knowledge requires accepting conclusions
that go beyond the evidence for
them.” Discuss this claim.
6. “One way to assure the health of a discipline is to nurture
contrasting perspectives.” Discuss this
11. (% of total discount retail
store shampoo sales)
3.8% 3.7% 3.7% 3.4% 3.0% 2.8%
Q U I C K D E F I N ITI O N S
QUARTERS
The financial world splits the year into four quarters, each 3
months long
Q1: Quarter 1, January – March
Q2: Quarter 2, April – June
Q3: Quarter 3, July – September
Q4: Quarter 4, October – December
UNITS SOLD
The number of total products sold in a given time period
REVENUE
The money received by a business for the sales of its products
in a given
time period
TURNOVER
The average number of days individual products sat on store
shelves
waiting to be sold in a given time period
MARKET SHARE
A company’s market share is its portion of total sales in relation
to
the market it operates within. For example, if a company sells
$100 million
worth of tractors a year domestically, and the total tractors sold
in the
13. Black Soap Shampoo
8 22 32 22 16
I like the density and
consistency of Moisturizing
Black Soap Shampoo
relative to other shampoos
22 41 16 12 9
Moisturizing Black Soap
Shampoo leaves my
hair more hydrated
than other shampoos
6 26 18 21 29
Alikay Naturals leaves
my hair smelling
great relative to other
shampoos
22 31 20 18 9
Moisturizing Black Soap
Shampoo gives my
scalp a deeper clean
than other shampoos
2 8 18 43 29
Moisturizing Black Soap
Shampoo prevents
my scalp from feeling
dry and flaky
14. 31 14 23 12 19
Moisturizing Black Soap
Shampoo will be the
only shampoo in my
shower in one month
32 14 23 12 19
I’d be more likely to
continue regular use of
Moisturizing Black Soap
Shampoo if it were
available at a lower
price point
4 22 44 18 12
What suggestions do
you have to improve
Moisturizing Black Soap
Shampoo?
“Too watery”; “Have to use too much to do the job”; “While I
feel
like the product works, I’m not a fan of the scent”; “I’d like
some-
thing I can put on my hand versus directly on my scalp”; “While
it
cleans effectively and dries out my scalp less than other sham-
poos, I wish it would treat dandruff”; “Seems like the quality
has
declined since I first tried it”
User Survey Summary (cont’d):
15. 4
NEW PRODUCT PROPOSALS
Alikay Naturals Organic Bloom Shampoo
This custom product is designed to clean and moisturize hair
while stimulating significant
hair growth without residue buildup. This all-natural, organic
blend includes 14 of the best
essential oils and herbs that strengthen the hair at its
foundation. Hair follicles absorbes-
sential nutrients to promote growth and nurture fresh, new,
shiny hair. Our product in-
cludes many botanicals, such as Olea Europaea (Olive) Fruit
Oil, Simmondsia Chinensis
(Jojoba) Seed Oil, and the rare Emu Oil, which regrows hair by
increasing cellular activity at
the scalp. This one-of-a-kind product helps customers’ hair
bloom and flourish, leading to
impressive and almost unbelievable results.Some testers have
even seen up to four inches
of hair growth within ten weeks.
Alikay Naturals Moist Black Soap Shampoo with Dandruff
Control
Our original Moist Black Soap Shampoo is renewed and
improved to promote a healthy
scalp. Melaleuca alternifolia (Tea Tree) Oil prevents dandruff
by reducing scalp infections,
fungus and inflammation, and Horsetail Powder, a plant powder,
18. I use are not rich in
proteins and don’t
provide additional
nutrition to the scalp
12 16 23 32 17
A daily dose of proteins
can strip out the
nutrients and therefore
is unsafe and unhealthy
for the hair
33 29 18 12 6
I use anti-dandruff
shampoo only under
a doctor’s recommen-
dation
16 48 18 12 6
Men and women should
have different hair-care
products
32 22 14 18 14
In my opinion,
shampoos with protein
conditioners cannot
be used on color-
treated hair
14 31 32 11 12
20. I feel herbal shampoos
tend to be watery and
need to be used in large
amounts to create a
good lather
12 14 28 19 27
I choose my shampoo
based on its specific
function
12 7 22 30 29
The scent of a shampoo
is just as important as
its effectiveness
19 22 15 24 20
Keratin and soy proteins
give a better shine
to hair than artificial
foaming agents and
synthetic colors
3 7 15 45 30
Dandruff shampoo
effectively prevents
a dry, itchy scalp and
flakes
12 10 9 44 25
21. The shampoo industry
is already flooded with
too many effective
options
22 32 23 14 9
I am willing to pay more
for high-quality,
effective hair products
8 18 12 37 25
I value an all-natural
shampoo that reduces
dandruff
3 18 8 40 31
Non-User Survey Summary (cont’d):