Kinetic Energy in Mobile and Device Charging - Essay Example

This paper illustrates that a household device is crucial in the absence of electricity. It keeps or converts kinetic energy into power, which it uses to charge the devices.  The manufacture of the instrument is such that it can charge with the same speed as standard chargers. Ten thousand steps in a day maintain the equipment for close to three hours. It costs approximately $85, and it comes with an application that records the calories burnt and power it has generated. The company has reached its target of 100000 and after 28 days, it has received over 116000 pledges.

It has a fast market growth, and it has no major competitors of the same kind. The small innovations typically make up for more than 80% of the development of the company. These events do not lead to the growth that the company hopes to get in the end. R-W-W directs the project to answer six important questions, which are, does the product have a real market? Does the company produce a genuine product? Can the commodity compete with other products? Will the organization compete with others? Is the product return profitable at a particular risk?

Is it logic to launch the product? Establishing if the market exists is an important factor in its growth. The new technology has a real market because it has passed the qualities of the market. The charger has been able to shape the quality of the market because of its quality. Apple and Samsung are the main producers of smartphones in the world. The phones they produce do not come with a portable charger. It means the charger will have a ready market for the charger. The need for the portable kinetic charger is growth due to a diversity of products.

Individuals will choose the charger over other because of one or more features it possesses. The charger would improve on the existing charging solutions in the industry. The market has been there for a long time and it indicates that the portable kinetic charger will, compete with other corporations. The high use of mobile phones and other devices has become a community norm. The new technology will compete with other chargers, which are in the market.