STUDENT ID: 14297,17892, 18254, & 17980 PROGRAMME: BACHELOR OF BUSINESS ADMINISTRATION COURSE CODE: MPU 3222 COURSE TITLE: ENTREPRENEURIAL SKILLS 2 COURSE FACILITATOR: MS. PUNITA SIVANANTHAM ASSIGNMENT TYPE: GROUP WRITTEN ASSIGNMENT PROPOSAL TITLE: CleanGuard StainAway WORD COUNT: 3622 DATE OF SUBMISSION: 7 SEPTEMBER 2023 TABLE OF CONTENT PAGE iv. EXECUTIVE SUMMARY 1 1.0 STATEMENT OF PROBLEM 2 1.1 PROPOSED SOLUTION 3 2.0 METHODOLOGY 4 3.0 QUALIFICATIONS 7 4.0 SCHEDULES 10 4.1 BENCHMARKS 12 5.0 COSTING 14 5.1 COMPETITIVE ANALYSIS 16 5.2 LEGAL ISSUES 17 6.0 BENEFITS 18 7.0 CONCLUSION 21 8.0 REFERENCES 22 iv. Executive Summary The proposal of our product CleanGuard StainAway is aimed to bring out a product that is environmentally friendly, affordable and safe for children and pets as there are many cancer causing or irritable ingredients in cleaning products these days that are not compatible for everyday use in the long-run. This proposal will highlight the problem statement, the solution, the methodology, qualifications, the schedule and benchmarks, costing and legal matters and the benefits of CleanGuard StainAway entering towards the consumers and market. 1 1.0 PROBLEM STATEMENT Families with children and pets have a hard time keeping their homes clean and safe for their loved ones. Stains are common and can be caused by spills, accidents, or just normal wear and tear. Traditional stain removers often use strong chemicals that can be bad for your health and the environment. Household cleaning products might include harmful compounds associated with health issues like asthma, allergic responses, and even cancer (Doheny, 2012). This makes it hard for people to get rid of stains on different types of surfaces without putting their family's safety at risk, especially the safety of their children and pets. Besides, these chemicals can stay in the environment for a long time, which can add to waste and hurt ecosystems. Some of the soapy ingredients commonly found in regular products take a long time to break down in the environment. When they do break down, they can turn into even more harmful chemicals that stick around and build up in the environment, which can be bad for aquatic animals (US EPA, 2014). As people become more aware of environmental and health issues, they want stain-removing tools that work 2 well and are safe. 1.1 PROPOSED SOLUTION CleanGuard StainAway tries to fill this gap by coming up with a new way to deal with the problem of removing stains. Our product is made to get rid of a wide range of spots well while keeping kids, pets, and the environment safe. The most important things about CleanGuard StainAway are: 1. Effective Stain Removal: CleanGuard StainAway uses a special formula that breaks down and lifts stains from different surfaces and materials, making sure that homes stay clean and attractive. 2. Safety: Safety is one of the most important parts of CleanGuard StainAway. It doesn't have any of the harsh chemicals that are usually in standard stain removers. Instead, it uses natural, non-toxic ingredients that are safe to use around kids and pets. 3. Biodegradability: CleanGuard StainAway is made to be good for the earth, so it is biodegradable. Its biodegradable formula makes sure that the product breaks down naturally over time, so it has less of an effect on ecosystems and rivers. 4. Non-toxic: CleanGuard StainAway doesn't use harmful chemicals, so people who are worried about their family's health and safety can use it with peace of mind. You don't have to worry about getting hurt if you use it. 3 2.0 METHODOLOGY The development and the production of Clean Guard Stain Away entails a thorough and encompassing procedure that includes research, testing, adherence to safety regulations, and rigorous quality control protocols. Below is a detailed explanation of each individual step involved in the process. Research and Formulation During the preliminary stage of our product development process, a group of professionals with expertise in the fields of chemistry and cleaning science does thorough study to find and choose natural substances that are widely recognized for their efficacy in removing stains (Anastas, 1999). CleanGuard StainAway is a multipurpose stain-removing solution that incorporates natural components that have been carefully selected for their proven performance in handling a wide range of stains. The formulation stage encompasses the laborious combining of carefully selected materials in specific amounts. The procedure is guided by thorough research on the unique attributes of each ingredient and their combined effects, with the goal of developing an ideal and efficient cleaning solution. Testing The formulation of our product is subjected to thorough testing in order to assess its efficacy in eliminating stains from different surfaces and against a variety of stain types. This testing evaluates not only the cleaning efficacy but also takes into account safety and environmental considerations. Special attention is given to identifying and mitigating any potential allergic reactions or harmful effects (Liu et al., 2015). The evaluation of biodegradability is an essential factor in determining 4 the environmental compatibility of a product. The thorough testing procedure is crucial in guaranteeing that Clean Guard Stain Away not only exhibits efficient stain removal properties but also adheres to rigorous safety and environmental regulations. Safety Compliance Clean Guard Solutions conducts a comprehensive safety compliance review to adhere to rigorous safety rules and requirements. The evaluation is of utmost importance in ensuring the safety of the product for domestic utilization, encompassing meticulous examination for the presence of harmful substances, potential skin irritations, and inhalation hazards (Kore and RiescheNesselrodt, 1990). The objective is to ascertain that Clean Guard Stain Away does not present any potential health hazards to customers and can be utilized in a safe manner. Ensuring adherence to safety laws is of paramount importance to retain consumer confidence and satisfaction. Manufacturing and Quality Control After the CleanGuard StainAway recipe has undergone finalization and validation of its safety and efficacy, it proceeds to the manufacturing stage. In the process of manufacturing, rigorous quality control protocols are enforced to guarantee uniformity in the composition and functionality of the product (Escobar and Morales-Menendez, 2018). Accurate quantification of substances and strict adherence to defined protocols are fundamental aspects of this stage. Furthermore, it is imperative to subject samples from every production batch to periodic testing in order to ascertain the consistent adherence of the product to the rigorous quality and safety criteria set forth during its development phase. The rigorous quality control procedure in place guarantees that each bottle of 5 CleanGuard StainAway possesses exceptional quality and efficacy, thereby satisfying the expectations of consumers. 6 3.0 QUALIFICATIONS CleanGuard Solutions boasts a team of committed individuals that possess extensive knowledge and experience in the areas of product development, sustainability, and environmentally conscious solutions. Our credentials demonstrate our dedication to delivering inventive and secure cleaning remedies to residential settings, in accordance with the requirements of households that include youngsters and pets. Expert Team The composition of our team comprises experienced individuals with varied expertise in the fields of chemistry, environmental science, and product formulation. With a cumulative industry experience over 30 years, we possess the requisite expertise and competencies to design innovative cleaning solutions that are simultaneously efficacious and secure. Industry Affiliations CleanGuard Solutions is affiliated with the Green Chemistry Association, demonstrating our commitment to developing environmentally conscious solutions that mitigate adverse effects on the environment. Our partnership with esteemed industry organizations exemplifies our dedication to remaining well-informed on the most recent developments in sustainable and secure cleaning technology. 7 Demonstrated Record of Success Our organization has effectively designed and introduced several environmentally conscious cleaning solutions, which have received commendation from both clients and professionals within the sector. The stain remover products offered by our company have garnered acclaim due to their effectiveness and dedication to environmental sustainability. The previous projects' success stories serve as evidence of our capacity to provide clients with efficient and dependable solutions. Patents and Proprietary Technology CleanGuard Solutions has obtained many patents for its exclusive cleaning technology. The intellectual property of our team's creativity is safeguarded, therefore guaranteeing the distinctiveness of our products within the market. The unique stain removal solution offered by CleanGuard StainAway is the outcome of extensive research and development efforts, rendering it an exclusive proprietary technology. This makes it an exceptional choice for families in need of a safe and effective method for removing stains. Certifications CleanGuard Solutions has obtained certifications from the Environmental Protection Agency (EPA) due to its commitment to maintaining rigorous environmental and safety standards. Furthermore, our goods have obtained the prestigious "Green Seal" accreditation, which serves as evidence of their environmentally friendly composition and sustainable manufacturing methods (Porter, 1995). 8 Client Testimonials A significant number of homes and organizations have derived advantages from our past product offers. The inclusion of testimonials from content customers serves to underscore the profound influence our solutions have had on their daily lives, so bolstering our standing as a reputable purveyor of cleaning goods that are distinguished by their superior quality, safety, and efficacy. Innovation and Research Our staff demonstrates a continuous dedication to conducting research and development activities, so guaranteeing that our products remain at the forefront of environmentally sustainable cleaning technology. Our organization prioritizes constant development and innovation, enabling us to effectively respond to changing customer demands and market dynamics (Keupp, 2012). Community Engagement CleanGuard Solutions regularly engages in community programmers that prioritize sustainability and environmental education. Workshops and seminars are organized with the aim of promoting awareness about the significance of using safe and environmentally-friendly cleaning products, hence cultivating a cleaner and healthier global environment for forthcoming generations (Hungerford, 1990). The certifications of CleanGuard Solutions serve to emphasize its position as a frontrunner in the field of environmentally conscious cleaning solutions. Our team is deeply committed to the development of goods that not only effectively meet the demands of consumers but also actively contribute to fostering a more sustainable and socially responsible future. The driving forces behind CleanGuard StainAway, a stain remover that prioritizes safety for families and the environment, are our team's expertise, proven track record, patented proprietary technology, and industry affiliations. 9 4.0 SCHEDULES As stated by Söderland, Geraldi, and Lechter (2012), the Gantt chart has become a potent and easyto-understand tool for successfully connecting project activities and their respective durations. Particularly in the context of a product launch as significant as CleanGuard StainAway, this tool assumes an indispensable role in project planning. Additionally, it is a helpful tool for businesses attempting to manage structural complexity effectively, which calls for the intricate coordination of many interrelated tasks. Our product development team is prepared for a meticulous six-month timeline in light of the Gantt chart provided, which highlights key activities and crucial milestones spanning from initial conceptualization and research to post-launch activities. Below schedule demonstrates our dedication to bringing CleanGuard StainAway to market in a planned and methodical way. https://docs.google.com/spreadsheets/d/1TDmzQigqm2DDLUpgbLP3SkhVmbE9BkbwVdKIsO GsW8A/edit#gid=0 10 Well, establishing a solid team and defining the project's scope are among the first pre-launch phase's activities, which lay the groundwork for what comes next. Then, to make sure the product is in line with its core values, rigorous formulation, prototyping, and production-related activities take place. As the launch phase draws near, the emphasis switches to carrying out a careful marketing campaign while continually keeping an eye on sales and customer feedback. Therefore, following by reflective analysis, ongoing marketing initiatives, and consistent production management are required during the post-launch phase. In a nutshell, this Gantt chart serves as a meticulous roadmap, steering CleanGuard StainAway towards a successful market entry, reinforced by its commitment to addressing common environmental and safety concerns. Throughout this journey, the proposal's core principles such as eco-friendliness, affordability, and safety remain paramount. The timeline incorporates progressive reporting to stakeholders and compliance checks, crucial for safeguarding the product's integrity. 11 4.1 BENCHMARKS According to Carpinetti and de Melo (2002), benchmarking is a methodical process that involves contrasting an organization's performance, procedures, goods, or services with those of market leaders or best-in-class businesses to pinpoint areas for improvement, establish performance goals, and spur innovation. It is a tool for strategic management used to evaluate an organization's strengths and weaknesses in comparison to rivals or industry norms. Hence, referring to the checklist below there are considerations to be made and suggest that the process of defining what to benchmark in our proposal for the product of CleanGuard StainAway. CleanGuard StainAway Product Development and Launch Checklist Project scope and objectives have been established Market research has been initiated and is being analyzed Product ideas and concepted formed A detailed project plan has been developed Product development team assembled Product specifications and features are finalized Formulation development initiated Prototyping started Initial safety and efficacy tests were carried out User feedback was gathered, and changes were made to the formulation Product design finalized Materials that are environmentally friendly have been sourced. 12 Green manufacturing processes established Production facilities secured Production of CleanGuard StainAway on a large scale has begun Implementation of strict quality control procedures Logistics for distribution were planned with an emphasis on eco-friendly packaging Environmentally conscious product launch campaign executed Customer feedback was gathered and initial sales were tracked Conduct a meeting with the team Promotional activities kept going, with a focus on product security and distribution expansion Stakeholders are regularly updated on progress Compliance with legal and regulatory requirements was guaranteed 13 5.0 COSTING In order to get the best pricing for the product Feurer et. al. (2019) has stated that the pricing strategy through price positioning is crucial for a new product as it would be a long-term decision that could affect the organization if not done thoroughly. Internal and external strategies have to be taken for proper price positioning in the market as well as best price towards consumers should be set. CleanGuard StainAway would fall under the eco-friendly category in house cleaning products thus pricing strategy on our product would look at the competitors pricing in order to get the best price in the market and for consumers. When creating the costing, manufacturing costs would apply and would determine the best price that should be set for CleanGuard StainAway. Manufacturing Costing based on 1 month for 5000 units produced AMOUNT (RM) Direct Materials (substances, ingredients, etc.) 50,000 Direct Labour (wages for 4 workers) 5,600 (50 per day) Manufacturing Overhead (Indirect costs and labour) 15,000 Factory Rent 3,800 Electricity 2,000 Packaging, Shipping & Transportation 4,000 TOTAL 80,400 14 Based on the total costs which amounts to RM 80,400, the cost per unit of CleanGuard StainAway RM16.08. Hence, to stay competitive in the market the price set for CleanGuard StainAway would be RM22.00 a markup of 36.8% in which the profit per unit would be RM5.92. The gross margin of CleanGuard StainAway would be 26.90% per unit. The price of CleanGuard StainAway would be competitive as the price range is between the two most recognized, preferred brands in Malaysia and may become the new preferred substitute for stain cleaning products. This would attract consumers that are price sensitive as Gopinath (2019) has stated that price quality and value consciousness are factors of price consciousness in terms of consumer behavior towards fastmoving consumer goods. CleanGuard StainAway is a fast-moving consumer good (FMCG) in which the profit margins are low but there would be high sales volume as the product’s pricing is somewhat low. Hence, the profit garnered by each unit of the product is little but since it is a FMCG product, the objective is to sell CleanGuard StainAway in higher volumes in order to maximize profits or get higher sales. 15 5.1 COMPETITIVE ANALYSIS The competitive analysis is used to compare our product to the competitor’s product in the market would be the on the products classification such as product’s mission or goal, the features of the products, the advantages and disadvantages and a major factor which is the differentiator factor. According to Phadermrod (2019) the reasoning of use of the many factors of competitive analysis is assessed not only by the perspective of the organization but also trying to gauge the perspective of customers. The top competitors for CleanGuard StainAway would be CIF Floor Cleaner and Kleenso 9 in 1 Floor Cleaner as they have similar and environmentally safe ingredients. BRANDS PRODUCT GOAL FEATURES STRENGTHS WEAKNESSES DIFFERENTIATOR CleanGuard Get rid of a wide Effective removal of *Environmentally *New Product in a Effective ingredients, StainAway range of spots friendly competitive market. * safe for kids, pets, and PRICE: efficiently. *Non-toxic No Brand Loyalty. the environment. stains with environmentally safe ingredients. CIF Floor Can get dirt free, Disinfecting and *Multiple functions of *Mature product in Cleaner bacteria free and fresh fragrance. floor cleaner. market. PRICE: RM stain free floors. * Brand Loyalty *Only can be used on 3 23.30 and clean. types of floors. Kleenso 9 in 1 Reducing pests as Resisting dirt and *Brand Loyalty Floor Cleaner well as disinfecting grime, PH-neutral * Multiple functions of PRICE: RM floors. and environmentally floor cleaner. friendly. *Can be used on 7 18.90 Leaves the floor brighter types of floors. 16 *Mature product in More features in floor market. cleaners in comparison *Contains alcohol and colorants. to other brands. 5.2 LEGAL ISSUES Product positioning for CleanGuard StainAway would be a crucial process as it has to get approval, certification of assessments from local authorities and get international licensing if the product is to be launched in the global marketplace. According to the National Pharmaceutical Regulatory Agency (2023) Malaysia that the ingredients used in the product must be up to the standards, meets the requirements, data of the product ingredients are documented concisely and the finished product must be safe for use by humans and is environmentally safe. Based on manufacturing processes, the Department of Environment of Malaysia has legal acts that are to be followed in order to smoothen the process of manufacturing while abiding to the Environmental Quality Act by the Department of Environment (2022) in which Section 30(A) specifically states the power to control the use of substance and product and to state the environmental labelling. This is where the product substances are regulated, reduced, recycled and recovered if there are any ingredients that are poisonus to the environment. The lack of adherence to this specific law can result in a fine of RM 50,000 or imprisonment of 5 years or both. 17 6.0 BENEFITS CleanGuard StainAway offers a revolutionary remedy for homes in need of efficient stain elimination, with a particular emphasis on ensuring the well-being of their children and pets. By opting for CleanGuard StainAway, households may experience a multitude of advantages that distinguish our product from traditional stain removers. Safety and Peace of Mind CleanGuard StainAway is specifically designed with the well-being and tranquilly of households as its primary focus. Our formulation, which is both non-toxic and biodegradable, provides homeowners with the assurance that our product may be used safely without posing any risks of dangerous chemical exposure to their family members. Parents and individuals who keep pets may now effectively address stubborn stains while ensuring the safety of their surroundings. Effective Stain Removal The efficacy of stain removal is enhanced by the use of our exclusive technology, which synergistically integrates the potency of natural elements with advanced scientific methodologies. This amalgamation yields a stain remover that exhibits exceptional effectiveness when confronted with diverse types of stains and various surfaces. CleanGuard StainAway is a highly effective solution that effectively removes a variety of stains, including spilt juice, persistent food stains, and pet-related incidents. This product consistently achieves outstanding outcomes, ensuring that surfaces are thoroughly cleaned and imbued with a refreshing scent. 18 Eco-Friendly Composition The CleanGuard StainAway product exemplifies our dedication to promoting sustainability in our composition. Utilizing an environmentally friendly recipe devoid of harsh chemicals, this biodegradable solution ensures the absence of any detrimental leftovers that may have adverse effects on the ecosystem (Anastas, 1998). By selecting our product, families make a valuable contribution towards environmental sustainability, therefore ensuring a cleaner Earth for future generations. Versatility and Convenience The versatility and convenience of CleanGuard StainAway surpasses its ability to remove stains. This product exhibits the ability to be applied to a wide range of textiles, upholstery, and surfaces, hence enhancing its versatility as a valuable component of any household cleaning inventory. The application's user-friendly interface and efficient performance contribute to time and effort savings in the upkeep of a tidy living space. Preserving Beloved Possessions The stain remover offered by our company not only effectively eliminates unpleasant markings but also serves to save valued possessions. CleanGuard StainAway is a solution that enables families to extend the lifespan of their furniture, clothes, and upholstery by effectively eliminating stains while minimizing the risk of damage or fading. 19 Healthier Indoor Environment The use of CleanGuard StainAway contributes to the establishment of a more healthful indoor environment for families. The exclusion of potentially harmful compounds in our recipe ensures that the indoor air quality stays unaffected, therefore promoting the general welfare of all individuals residing in the family. Trusted Innovation CleanGuard StainAway is distinguished by its patented proprietary technology, which exemplifies the concept of trusted innovation. Families may have confidence in using a product that represents a leading edge in eco-friendly cleaning innovation, supported by extensive research and development efforts (Bohnsack, 2014). Enhanced Quality of Life The CleanGuard StainAway product not only aids in the elimination of stains, but also has a positive impact on one's overall quality of life. Families have the opportunity to experience enhanced living conditions that are characterized by improved cleanliness, heightened safety, and increased comfort. This creates a conducive atmosphere that promotes the well-being and flourishing of both individuals and their pets. 20 7.0 CONCLUSION In summary, CleanGuard StainAway goes through a comprehensive development process that prioritizes research, safety, and quality control. This meticulous approach guarantees that consumers can rely on CleanGuard StainAway to effectively remove a wide range of stains while meeting safety and environmental standards. The costing of the CleanGuard StainAway is competitive based on the pricing strategy as a new product in the market, consumers may make CleanGuard StainAway a new substitute. As for the legal matters, requirements set by the government of Malaysia has to be met through the assessments and evaluations. CleanGuard StainAway provides a comprehensive solution that effectively caters to household requirements, while simultaneously prioritizing safety and sustainability. 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