A medical diagnostic device for certain cancer software (Coursework Sample)
This is a group Course work of Writing business Plan class. My part is to finish the market templet start from pg 57 and the rest of Module II(to page 62) in the workbook that I\'ll upload. My part of the project should include following work, an I need you to finish them for me:• Summaries of relevant information • Pricing Strategies • Market Size • Adoption Rate (Rule of 4s and 5s) • Timing • Costs • Breakeven Analysis 1.Filling the table on page 59 and page 57, and include them in your work. 2.Your assignment should include at least two pages of text about this section(market and Finance, discriping your analysis). 3.The product/service we planning to intruduce is a Medical Diagnostic Device for a certain cancer, it\'s core advantage is the patented way to treat patient with that cancer, and it\'s been intergrated to the devices software and cloud database. The Cloud Database communicates with the device, and the device uses the data and information from the patient\'s blood(the device itself collets and analysis blood) to analysis and then give the doctor treatment recommendation. 4.The patent we have is how to deal with the cancer, not, the software, we need to develop the software based on that. 5.We filled some of our ideas in the workbook, you can read them to better understand the whole plan.source..
A medical diagnostic device for certain cancer software
A medical diagnostic device for certain cancer software
The market and financial proposal
The sales quantity= 900, 000 people
The sales price= 300/test
Sales revenue = sales quantity * sales price
=900000* 300= 270, 000,000
• Pricing Strategies
The Cost plus pricing strategy will be useful in ensuring that the revenues needed in determining the best returns are realized to the advantage of the Medical Diagnostic Device entrepreneur (Elton, et al., 2003). The need to cover up the costs of operating the software will determine the expected returns to be realized from its use (Elton, et al., 2003).
• Market Size
The different target groups are to be considered in such a way that their contribution to the sales of the organization keep on increasing (Marc, 2009). The manner in which the software is to advance the issue of cancer treatment needs to cover all the market segments.
• Adoption Rate (Rule of 4s and 5s)
The percentage of those giving a scale of between 4 and 5 will determine the adoption rate (Elton, et al., 2003). It is necessary that the manner in which the MDD is designed make sit possible to realize a higher level of rating from those expected to give their responses.
The Medical Diagnostic Device for cancer needs to consider the different causes of the infection so that the software being developed makes it possible for the desired results to be realized as per the right medical procedures (Marc, 2009). The different key elements of the MDD must aim at curing at the right time.
The different expenditures to be incurred in facilitating the manner in which the Medical Diagnostic Device is to be of the highest efficiency need to be well accounted for (Marc, 2009). It is not necessary to use extra costs that make the maintenance of the facility to be a problem.
• Breakeven Analysis
It is important to ensure that the coverage of the initial cost of production is realized within a short period of time. It is important to have a budget for the cots of operation that are lower than the sales (Marc, 2009). The revenue realized should be the one that can pay for the different expenditures being incurred.
Market and finance
The Medical Diagnostic Device is a new product in the market and the right market structure needs to be established in ensuring that the manner in which the different cancer patients are to be addressed is one that comes up with the best user aspects (Marc, 2009). The manner in which the MDD is to be used should come up with the right framework expected to be applied in all the user phases so that the treatment of cancer can be as per the device designer’s expectations. The need to establish the expected revenue to be realized from this technology is of great importance in coming up with the right aspects of the market structure (Keith, 2010). The different consumer groups must be considered from all points of view so that the right software use can be applied. It will be important to consider the different component aspects so that a careful product application can be applied.
The financing methodology should be one that makes it possible for the profit realization to be achieved as per the expectations of the MDD designer (Keith, 2010). The manner in which the desired output is to be realized should consider the financing attributes. The best sources of finance need to be chosen in ensuring that margin of contribution to be expected from every one of the different sales keeps the business going. The MDD needs to be carefully evaluated so that benefits from the technology can be realized to the unforeseeable future. The financing techniques to be applied in all aspects of the device will call for general product evaluation (Keith, 2010). The initial period of using the technology may not result in the desirable returns and it will be necessary to be patient in breaking even as per the right financial framework.
Describing your analysis
The Medical Diagnostic Device is to make the cancer treatment easy by solving the different complications that arise in the struggle for the best treatment methodologies (Keith, 2010). The way in which the conceptual framework in realizing the right treatment criteria is to be implementing needs an experts opinion in ensuring that the right understanding in facilitated in a number of structures that make it possible for the cancer treatment to be carried out as per the right adjustments. The different categories of symptoms considered to be of use in the key developmental aspects of the framework are to be applied in the progressive strategies that are of importance (Mizik, 2003). The MDD is an innovation expected to be of high value in the different dimensions of a qualitative medical procedures and the need to address the complication from all perspectives is very critical in realizing the right financial benefit.
It is important to consider that numerous advancements in the medicine world have not yielded the expected progress in the expected benefits. A careful marketing strategy needs to be utilized in such a way that the desired combination of attributes is applied in the expected fields (Mizik, 2003). All the right criteria that make it possible for the integrated process to be implemented must be part of the device development so that a critical review can be made in the right direction. The critical components that are to be considered in the different aspects of MDD must be adhered to. The interrelated procedures that play a key role in the right cancer treatment must be applied professionally in addressing the issue of the different capable causes of failure as the device is being put into practical use (Mizik, 2003).
ItemDescriptionMarket Description without you in it. Segments, trends, sizeThe Medical Diagnostic Device (MDD) is to focus on ensuring that the treatment of this certain type of cancer is to be realized with the greatest ease (Alexander, 2009). The facilitation of the treatment aspects is to be considered in such a way that the manner in which the treatment is being administered is from a professional point of view. The need to come up with the best tactics in addressing all the clients’ needs is very critical in addressing the issue of the bets strategies as per the expectations of the medical treatment (Alexander, 2009). This is a particular kind of cancer is to be considered in such a way that the best aspects of realizing a qualified position in the treatment.Customer needs assessment (e.g., VOC)This Medical Diagnostic Device is to come up with the best realization of the treatable aspects that make it possible for each patient’s attention to be realized (Alexander, 2009). The medical conditions for every one of the customers is to be considered in such a way that the MDD comes up with the best qualitative aspects that can be considered in the manner in which the treatment aspects are to be addressed should be one that is fully compliment the process of the entire medical condition of consideration. Every one of the customers understands that the MDD is to be designed in such a way that the desired customer concentration is to be realized as per the right framework.Market Positioning (PAMM cells)The Medical Diagnostic Device is to come up with the strategies that consider it of value to realize the desired outcome in addressing the different market segments. The different market elements where the MDD is to be utilized need to be considered from a professional point of view in coming up with the right framework that compliments the process of the adequate medical procedures (Boundless, 2013). The kind of solutions to be addressed in this kind of analysis is the one that ensures that a comprehensive understanding is ensured as per the right tactics which advance the procedures to be utilized in all the treatment aspects.Value PropositionThe different attributes that are part of the MDD need to create value to the users. The realization of the right treatment procedures to be utilized in the entire innovative strategy makes it possible for the desired value to be part of the qualitative aspects expected to realize the most usefulness (Boundless, 2013). It will be necessary to come up with the right financing framework so that the desired user value can be as per the expectations of the targeted groups (Alexander, 2009). The MDD is expected to be the technology that evaluates the different cancer symptoms in advising the doctor on the kind of treatment to be offered...
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