Context Diagram for Invent & Market
Invent & Market
To invent a product and market it. One must Screen New Idea using Trade/Technical Publications as well as Laws/ Regulations. The resulting Evaluation produces an Approved Concept, Legal Analysis and Seed Money from Sponsor Project and, consequently, the go ahead to Design and Build Prototype. The prototype is used to Find Sponsor. Money is then used to Build Product. The Product Information is used to Market & Sell. Orders received are processed and the product is then shipped to the customer. Sponsor Project receives a Return on the Money invested.
Context Diagram for Screen New Idea
Screen New Idea
To Screen New Idea using we consult Trade/Technical Publications as well as Laws/ Regulations. The resulting Evaluation and Approved Concept and Seed Money give the go ahead to Design and Build Prototype.
Context Diagram for Design & Build Prototype
Design & Build Prototype
To Design & Build Prototype based on an Approved Concept we consult Technical Publications as well as Laws/ Regulations. We Design the Prototype and Build it using Seed Money from Sponsor Project. The Prototype is evaluated by the sponsor and approved for Build Product.
Context Diagram for Build Product
A Product is built when Administer Production receives a Processed Order. To Build Product, Technical Publications are surveyed and Money from Sponsor Project is used. Engineer Production formulates How-to-Build and writes Product Info. It also releases New Processes for efficient production. Engineer Production also sends Material Guidelines to Administer Production to provide Materials from the best vendors. These are used to produce the Product for Buy Product.
Context Diagram for Market & Sell
Market & Sell
To Market & Sell a Product a Target Market is identified using Trade Publications and Laws/Regulations. A list of Potential Customers is then used to Create Customers. An Order Record is then sent to Maintain Customer. Maintain Customer keeps customers informed regarding the Product and tries to satisfy their needs.
Acknowledgement: A detailed response to a customer order including invoices and projected shipment dates.
Administer Production: Provide the administrative infrastructure for the production process including securing the materials and managing the funds used in production.
Approved Concept: A mature idea that has been evaluated using market and scientific surveys and recommended for implementation.
Build Product: Manufacture a product based on the prototype obtained from the Approved Concept.
Buy Product: Actual and potential customers interested in the product.
Concept: An idea that can be used to produce a potentially profitable product that is used to obtain sponsorship for the product.
Create Customers: Attract people or organizations whose needs would be met by the product.
Customer Info. : Information on the customer and his needs that is used to Maintain Customer.
Customer Questions: Questions from potential customers regarding the product.
Design & Build Prototype: Design and build a Prototype of the final product based on the Approved Concept with the purpose of demonstrating the usefulness and marketability of the new product.
Engineer Production: Design the processes used in the manufacturing of the product and provide Product Info.
Evaluation: An initial screening of an idea and, the accompanying recommendations for modification or improvement.
Find Sponsor: Find a sponsor for the Approved Concept.
How-to-Build: Detailed instructions regarding the materials and processes needed to build the Product.
Idea: A detailed document describing a new product signed and dated by the inventor and legally witnessed.
Identify Target Market: Identify individuals or businesses that are interested in the product and are potential customers.
Innovate: Develop new scientific ideas that could lead to a new marketable product.
Invent & Market: Develop new ideas, evaluate them, obtain sponsorship for them and use them to produce and market a new product.
Investigate/Survey Market: Pursue scientific investigations related to the product/Survey Markets of interest to the product.
Laws & Regulations: All state and federal laws pertaining to the idea.
Legal Analysis: An analysis of the Laws & Regulations related to the Product that is subsequently used to ensure that it fall within the legal limits.
Legislate & Regulate: Sources of legislation and regulations at the state and federal levels.
Maintain Customers: Maintain contact with and satisfaction of the customers that have purchased the product.
Market & Sell: Advertise and market a Product.
Marketed Product: A Product that has been introduced into the market
Material Guidelines: Guidelines regarding vendors and their products that guide Administer Production to obtain the best Materials for Produce Product.
Money: Funding for the Idea by a sponsor.
Mew Process: A new process developed by Engineer Production to improve the manufacturing of the Product.
Order: Customer order for the Product.
Order Record: A record of an Order sent to Maintain Customers.
Parts List: A list of the parts needed to build the prototype.
Potential Customers: A list of individuals or organizations that are potential customers for the product.
Processed Order: A customer order that has been received and acknowledged and that can initiate production and shipment to a customer.
Produce Product: Manufacture the Product according to How-to-Build provided by Engineer Product.
Product: A product ready for marketing manufactured based on the prototype.
Product Info.: Information regarding the product that can be used to market it and sell it.
Product Literature: Information on the Product sent to customers who have purchased the product.
Production Schedule: A detailed schedule of the processes involved in manufacturing the Product.
Prototype: A bare-bones version of the Product based on the Approved Concept that can be used to demonstrate the usefulness and marketability of the new product.
Prototype Design: A complete design of the prototype of the Product.
Return: A return on the Money invested that is given to Sponsor Project.
Screen New Idea: Evaluate the idea in terms of originality, marketability and compliance with relevant laws and regulations to assess its suitability for implementation and marketing.
Seed Money: Relatively small amounts of capital to finance proving of the basic concept and building a prototype.
Sponsor Project: Sources of capital such as banks, venture capitalists that provide the Money necessary to commercially pursue the Approved Concept.
Technical/Trade Publications: Scientific and trade journals and bulletins that include material related to the Idea and survey its potential markets.
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