Saturday, March 8, 2014

Blog #8: A New Age of Customization

Imagine being able to completely customize your cell phone. And no, I don’t mean being able to choose the color case you want to put on your iPhone so that it stands out in the sea of iPhones. I mean being able to choose everything, from the display size of your screen to the size of your camera, from the amount of storage internally or externally to the size of the battery. A new company, called Phonebloks, is working tirelessly to make a phone like this possible.

This past week in my marketing class, a group of students did a presentation on a chapter of our textbook that covered how to develop new products and manage their product life cycle. There are eight crucial steps to the New-Product Development Process. These steps include:        
             1.     Idea Generation
             2.     Idea Screening
             3.     Concept Development and Testing
             4.     Marketing Strategy Development
             5.     Business Analysis
             6.     Product Development 
             7.     Test Marketing
             8.     Commercialization
 We learned that the product life cycle includes four stages:
1.     Introduction
2.     Growth
3.     Maturity
4.     Decline
While these concepts were a large part of the chapter they presented on, the most interesting part to me was when they discussed the idea of the company Phonebloks. The purpose of this company is to make a phone that the consumer can keep forever. When a particular part of your phone breaks or starts not working as well as the rest, you will just replace that particular part of the phone, instead of spending the money to buy a whole new phone. This new phone will be made up of many parts; the core will be where all the accessories snap onto, a screen for the front, and then there will be many different options for the back. The basics, such as a camera, battery, and storage will be available, but their size and location will be customizable.

To make their idea work, Phonebloks turned to the internet to get the idea out. In order to make this phone possible, they knew they needed to turn to different specialists to develop the phones’ components. For instance, they thought that the camera element of the phone should be developed and made by popular camera companies such as Canon and Kodak. Consumers will be able to get the exact camera accessory they want from their favorite camera brand.

Recently, Phonebloks learned that Motorola was working to develop a phone like the one they had dreamed up. Motorola has long been one of the most trusted cell phone brands, but recently fell off the grid due to the emerging companies. This new phone will be a way to get back in the game and capture up some of the market for cell phones. Motorola and Phonebloks teamed up and have since been working to make this phone possible.

I believe that this type of phone will be extremely successful. The idea of not having to spend the money to buy a new phone every time your battery life dies is very attractive to those on a budget and also those who are aware of their impact to the environment. The largest obstacle I think a phone like this will face is competition. iPhone users are very dedicated, and many would never consider opting for another phone. In order to avoid problems such as these, Phonebloks will have to target iPhone users and convince them that the Phonebloks product is superior. 
Click here to visit Phonebloks website.

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