Question

In: Economics

Imagine you will open your own baking shop in the future. Describe: -Product development process. -...

Imagine you will open your own baking shop in the future.

Describe:

-Product development process.

- Distribution (how are going to bake and sell your product- online, delivery, specialty shop/bakery/cafe. Please detail. ( 150 words )

Solutions

Expert Solution

Product development process for the baking shop:

For any product development process first of all, understanding new product development is done by bringing the original product idea to the market.

There are five stages of a product development process: idea, research, planning, prototyping, Sourcing and costing.

The first and foremost thing is to develop an idea about the baking product, like what specialisation do we want, what is the main things we want to focus on. Do you want to bake more cakes are more muffins are more pastries or microns and there are many other options.

Then accordingly research is done about those products and materials needed etc, and then planning is done for the development of the product and bringing the idea into reality. How much material will go into for the product we are selected, for example if selected macrons what products and what what equipment do we need and then planning the the procedure about how much and work you will need and how much help will you need for making macrons.

Then prototyping where you and your team will experiment making the product Micron and try to build your own flavour and the ideas you have decided for making macrons into reality, this is an experimental stage.

After the prototyping is done Sourcing and costing are the last two steps where deciding where to buy the raw materials from and keeping options available and then lastly deciding the costs of building a Cafeteria and baking materials and equipments everything.

For the distribution stage:

We need to decide about how are we going to bake. Sudha method we shall adopt is is the specialisation in areas dividing the whole team into different parts of their specialisation in baking and being the owner keeping ourselves mainly for the the baking shop speciality, macrons.

For selling the product of course takeaways are always open through the shops, accounts Dept of live baking will be introduced in our shop where people will have to wait for half an hour and they can get freshly baked on demand flavours. Then online delivery through various food ordering sites will be taken as well.


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