Course: Leading Innovation and ChangeInnovation PlanConsidering the current situation, future business scenario and your knowledge of the business, identify an innovative idea- product, service, or process that you think has a good potential in Nepal.Your write up must clearly provide the answer to the following question.1. Give a short description/ overview of your innovative idea.2. Why do you think this is an innovative business idea?3. Why do you think this business has a good pitential in Nepal?4. write a vision and mission statement about your idea.5. How big is the potential market?6. Who are likely competitors of this business?7. Perform an environmental and SWOT analysis of this idea.

SENSOR BLANKET

1. Sensor blanket is the highly modernized form of blanket which can be used to wrap human body in cold season. It produces heat using electricity and by HEAT SENSATIVE sensor it automatically maintains temperature 37C (98.6 F) i.e. it only maintains the temperature as that of normal body temperature of human body. It is portable and can produce heat by charged battery as well as direct connecting to electricity (DC).2. This is an innovative idea because it only maintains temperature 37C, neither more nor lesser than 37C and solve the threats of common people by maintaining temperature which are essential in our body.3. Most of the family in Nepal are in average income level so all people cannot afford AC and it will cheaper than other devices as well as, consume so much lesser electricity. It is portable hence there is huge market in Nepal.4.5. Population of NEPAL30,430,267(July 2013 A.D.). So if only 1% people believe and purchase our product 3 lakh unit may sell and if get success it may several times in coming year. If we get international market we can export our product to INDIA (1,261,527,930; worlds second largest population; 2013 A.D).6. Electric blanket firm are the most likely competitor.7. SWOT ANALYSIS Strengtha. Temperature controlled mechanism- as sensor detects the human body temperature and only that amount of temperature is in blanket.b. Easy to convenience people- people may have fear because it uses electricity to produce heat but as the highest temperature will only as that of temperature of human body people can trust more in SENSOR BLANKET rather than ELECTEIC BLANKET.c. Portable- it is portable so trekkers can easily carry in their tour as well any family can use such blanket in any places in cold season.

Weaknessa. High Initial costb. Very less no of technical peoplec. Brand image- As this is the Nepals product people may not believe. Opportunitya. Availability of electricity- more no hydropower project ----all places has electricity -----large market opportunity.b. Availability of Trekking places in northern sides.c. Worlds first and second largest population country as neighbor. Threatsa. 40% people have electricity.b. If the product failed in first time- high restriction from government.c. Being Copied by China