smarter energy joel brown, jeremy glassenberg, matt grieco, adam stout, sean travis adam stout, sean...
TRANSCRIPT
Smarter EnergyJoel Brown, Jeremy Glassenberg, Matt Grieco,
Adam Stout, Sean Travis
Consumers desire a product that aids in the reduction of
energy usage, overall electricity costs and
provides benefits to the environment.
This opportunity is support by several
trends• Between 5-23% of a households energy
consumption is leaking energy
• Increased environmental and social awareness
• Proliferation of energy efficient appliances (Energy Star)
• Increased fear of household accidents
• Rising energy costs
Several Important Stakeholders
Bob – The “Do it Yourself” Homeowner
Bob is the lead technical strategist for a large engineer firm. He is very interested in the environment and concerned about global warming. He is not willing to pay a significant premium to go green, however he is very willing to make other sacrifices for green products (halogen light bulbs that are not as bright). Additionally, he believes that engineering should solve problems and make green products more cost competitive. Bob is a very knowledgeable consumer when it comes to energy usage. He is already aware of the energy leakage problem.
Bob is married with two adult children. He enjoys outdoor activities such as skiing, hiking and cycling.
Orie – The Wandering Soul
Orie is an undergraduate student in engineering. He is currently living in a fraternity house and therefore does not consider energy saving to be a priority, for he shares the bill with the rest of his house and has little authority over the energy management beyond his room. He therefore does not consider energy saving investments to be a priority for him at the moment. However, Orie is very interested in environmental factors including energy saving. More importantly to him, he also knows that when he soon enters the working world, the increasing energy costs and his initially low income would encourage him to watch his utility bills.
Although somewhat familiar with electronics, the energy industry is not Orie’s specialty. This makes him reluctant and skeptical to try new energy-saving measures, but his interest in environmental factors leaves him open to new options.
Mike – The Energy Producer• Michael Jensen is 40-years old and has been working
at Reliable Energy Company (REC) in Baltimore for 15 years. Mike started in the company as an Electrical Engineer and has worked as a field engineer before being promoted to his current position in the Strategic Planning Group. He enjoys working for REC and has no foreseeable plans to leave the company. As a strategic planner, Mike works with top management to forecast trends and make strategic decisions to satisfy the needs of customers and shareholders. Mike carefully reviews the demand planning forecast to ensure there is enough energy supplied to the grid at all times.
Mike is very particular about his energy consumption choices. For instance, he currently drives a four-cylinder vehicle with over 150k miles, and adjusts the thermostat low in the winter and high in the summer. Mike is frustrated at other people’s consumption habits. He regularly complains about the number of SUVs on the road and the excess light shining from his neighbors’ houses in the middle of the night. Mike eats lunch with his co-workers who also express dissatisfaction for other people’s illogical energy consumption decisions.
Mike is happily married with two kids, and just recently purchased a larger house. He spends considerable time on the weekends around the house on home improvement projects. In his free time he enjoys the hiking, biking, and kayaking.
Value Opportunity Analysis
CompositeScore DIY Person
RetiredElectrician Hippie Renter
ElectrictyProvider
MaxScore
EMOTION
adventure 1.5 2 1 2
independence 1.3 1 2 1 2
security 1.8 2 1 1 2 3 3
sensuality 0 0
confidence 2.25 3 3 1 2 3
power 2.5 2 3 3
ERGONOMICS
comfort 1.5 2 2 1 1 2
safety 3 3 3 3 3 3 3
ease of use 2.4 2 3 3 2 2 3
AESTHETICS
visual 1.5 1 1 1 3 3
auditory 1.5 1 2 2
tactile 0 0
olfactory 0 0
taste 0 0
IDENTITY
point in time 3 3 3
sense of place 2 2 2 2
personality 2 1 3 3
IMPACTsocial 1.6 2 1 1 1 3 3
environment 3 3 3 3 3 3 3
CORE TECH.reliable 2.5 2 3 3 2 3
enabling 2.5 2 2 3 3 3
QUALITYcraftsmanship 2.4 3 3 2 2 2 3
durability 2.6 3 2 3 3 2 3
PROFIT IMPACT 3 3 3 3
BRAND IMPACT 1 1 1 1
EXTENDABLE 3 3 3 3
Key Product Attributes
Effectively reduce the cost of home energy consumption
Simple controls that allow a layperson to customize to product to their needs
Compatible with existing home wiring and appliances (cannot be only available in new homes)
Reliable and safe
Social and environmental image not as important was expected