Chotu kool team_renegade (mica ii)_2nd_nov_2012
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Transcript of Chotu kool team_renegade (mica ii)_2nd_nov_2012
Innovation 7 – Chotukool
Case Study
By
Team Renegade Arpita Sahoo | Jagriti Chhateja
Sneha Chaturvedi | Noor Salam Khan
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Team Renegade
Preface
Greetings from Team Renegade!!!
We would like to take this opportunity to thank Road2Ideas Team for providing this wonderful opportunity…
We appeal you to “Go Green” with Road2Ideas 2012 and request you not to print this Case Study unless really needed.
Our presentation theme symbolizes our spirit of “Go Green” Initiative and we request you to read “Go Green Tip” on Thank You Slide
Cheers
Team Renegade
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Team Renegade
Innovation Types
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Innovation
Disruptive Sustaining
Team Renegade
ChotuKool – Disruptive Innovation
ChotuKool, a re-imagined household solution is a project driven by an innate passion to achieve a vision beyond profit.
It is a top-loading, compact and portable cooling solution does not have a compressor.
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Team Renegade
Key Characteristics of Innovation
It weighs only 7.8 kgs and runs on a cooling chip along with a fan similar to those used to cool computers.
It consumes only 55 Watt power and runs on dual power supply (230V AC & 12V DC).
Given the power shortage in the countryside, it can operate on battery as well and it uses high-end insulation to stay cool for hours without power.
The operational cost of chotuKool is low as it consumes half the power consumed by regular refrigerators.
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Team Renegade
History
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Chotukool was launched for 1st time in Usmanabad Village in 2009
The women of that village helped in:
A) Devising low cost promotion strategy
B) Helped decide the colour of chotukool
C) Helped design the Internal design of Chotokool
Team Renegade
Sales, Promotion & Distribution
• Two Parallel methods of Sales, Promotion & Distribution:
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Indian Post 1. Infrastructure—Indian Post has the
biggest networking India 2. There is a post5 office in every 4
villages 3. Most trusted network even today 4. Very low cost 5. Personal delivery at person’s home 6. Strong back end process of Indian
Post 7. Cash collection by Indian Post
Entrepreneurial Women SHGs 1. They are part of target group community 2. They are made district co-ordinators 3. Training is given to them then they give presentations in villages and promote & sell the product
Team Renegade
Innovation - Evaluation
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Stakeholders and Benefits to them • Small Businessmen/Shopkeepers
o Its an earning Asset for them—they can store cold water and cold drinks and sell them at higher prices
• Indian Post o Their developed network is being used o They are able to earn more
• Entrepreneurial Wo0men SHGs o They earn, o Get training
• Society o Low cost and low power cooling device available to them o 80% of Indian people still don’t have fridge either because they can’t
afford or because there is no electricity where they live
Team Renegade
New Business Models
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Team Renegade
ChotuKool Edison Awards Winner
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GODREJ CHOTUKOOL IS NAMED A 2012 GOLD EDISON AWARD WINNER FOR SOCIAL IMPACT chotuKool Wins at NYC Ceremony; Awards Celebrate 25 Years of Honoring Innovators and Innovation
Team Renegade
SWOT Analysis
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Strengths:
> Chotucool uses an electrotermal chip, which is 40mmx40mm in size (Low weight)
> It consumes less power due to electro thermal chip
> It can run for upto 1 day woithout electricity(on battery)
> Tie up with Indian Post to use their developed infrastructure
Weakness:
> Low awareness
Opportunity:
> New business breakthrough as new Market is discovered
> Establish a new market and new Target Group; people who earlier could not use fridge
Threats: > Can’t be used where NO electricity or where power cuts are for over 1-2 day
Team Renegade
Stage I – Table Analysis
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Rating the innovation on a scale of 0 to 5 (5 being the highest score) on each of the parameters outlined in the sandbox, the self assessment scores are:
Team Renegade
Stage II - C.K. Prahlad’s Sandbox
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MODERATE
HIGH
HIGH HIGH
HIGH
HIGH
Team Renegade
What’s the way forward
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Device cheap promotion strategy
Develop a similar device that may run without electricity
Social Media can be utilized as a Marketing medium to communicate it to the wider target audience.
Opinion leaders from Social Media can generate leads from rural India.
Tie-up with Gram Panchayats/Government will help creating sustainable dealership Channel.
Chotukool can be made mobile and mobile vans can sell it to the interior of villages.
ChotuKool can be promoted as a Business Idea to people so that they can start their own business (cold coffee, ice-cream etc) by using ChotuKool
Team Renegade
Thank You
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Go Green Tip :
Reuse scrap paper. Print on two sides, or let your kids color on the back side of used paper.