COMPETITIVE COMPARISON: COMPETITIVE COMPARISON, LIGHT ISN’T THE ONLY THING PEOPLE WANT TO SEE, THEY WANT TO SEE MORE. THEY WANT TO SEE SOMETHING MORE INTERESTING, LIKE A TRAFFIC LIGHT STOPS TRAFFIC, AND HELPS PEOPLE KNOW WHAT TO DO, BUT ANOTHER THING THAT CAN CATCH ATTENTION BESIDES LIGHTS. Four differnt things we can compare out lights to the lights now is that we will be adding a screen, fisheye camera, 2 cameras on top of the screen, front and back, and lastly have a induction loop that will make the color change when there is a car waiting.
SOURCING FINDING WHAT TO DO WITH THE CAMERA, & HOW IT WORKS BEFORE CHECKING IT OUT AND DOING ANYTHING TO IT. Also we would source on how many companies would be able to give us the parts of the product.
COMPETITION AND BUYING PATTERNS: COMPETITION AND BUYING PRODUCTS OTHER COMPANIES would also TRY TO MAKE BETTER PRODUCTS AND MORE EXPENSIVE AND ALSO WAY BETTER THINGS, WITH BETTER STEPS. In our company we will be able to change and fix the problems from today and have more lights up in the streets. The competition will be hard because we will compute with famous and good companies but we will have better buying patterns.
VALUE PROPOSITION-WE WILL BE ABLE TO IMPROVE VERY COMMON SITUATIONS WHICH WILL BENEFIT EVERYONE FROM; PEDESTRIAN, POLICE, FIREFIGHTER, DRIVERS, ETC. SOLVING TRAFFIC ON BIG STREETS DO PREVENTING ACCIDENTS. IT WILL SAVE YOUR LIFE AND MANY MORE.
COMPETITIVE ADVANTAGE- OUR PRODUCT WILL BE THE NEWEST TECHNOLOGY AND WILL SELF-UPDATE WHICH IF IT WERE TO BREAKDOWN IT WILL JUST SELF-RESTART, THIS WAY WE WILL BE SAVING MONEY BY NOT HAVING TO PAY SOMEONE TO GO AND FIX IT. OUR GOAL WILL BE TO KEEP COMMUNITIES SAFE FREE FROM ACCIDENTS AND BRING THE BEST TECHNOLOGY.
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Competitors
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