Reference no: EM131296616
Case - Royal Bee Electric Fishing Reel
Royal Barton started thinking about an electric fishing reel when his father had a stroke and lost the use of an arm. To see that happen to his dad, who had taught him the joys of fishing and hunting, made Barton realize what a chunk a physical handicap could take out of a sports enthusiast's life. Being able to cast and retrieve a lure and experience the thrill of a big bass trying to take your rig away from you were among the joys of life that would be denied Barton's father forever. Barton was determined to do something about it, if not for his father, then at least for others who had suffered a similar fate.
So, after tremendous personal expense and years of research and development, Barton perfected what is sure to be the standard bearer for all future freshwater electric reels. Forget those saltwater jobs, which Barton refers to as "winches." He has developed something that is small, compact, and has incredible applications. He calls it the Royal Bee. The first word is obviously his first name. The second word refers to the low buzzing sound the reel makes when in use. The Royal Bee system looks simple enough and probably is if you understand the mechanical workings of a reel. A system of gears ties into the spool, and a motor in the back drives the gears attached to the triggering system. All gearing of the electrical system can be disengaged so that you can cast normally.
But pushing the button for "retrieve" engages two gears. After the gears are engaged, the trigger travels far enough to touch the switch that tightens the drive belt, and there is no slipping. You cannot hit the switch until the gears are properly engaged. This means that you cast manually, just as you would normally fish, then you reengage the reel for the levelwind to work. And you can do all that with one hand! The system works on a 6-volt battery that you can attach to your belt or hang around your neck if you are wading. If you have a boat with a 6-volt battery, the reel can actually work off of the battery.
There is a small connector that plugs into the reel, so you could easily use more than one reel with the battery. For instance, if you have two or three outfits equipped with different lures, you just switch the connector from reel to reel as you use it. A reel with the Royal Bee system can be used in a conventional manner. You do not have to use it as an electric reel unless you choose to do so. Barton believes the Royal Bee may not be just for handicapped fishermen. Ken Cook, one of the leading professional anglers in the country, is sold on the Royal Bee. After he suffered a broken arm, he had to withdraw from some tournaments because fishing with one hand was difficult. By the time his arm healed, he was hooked on the Royal Bee because it increased bassing efficiency.
As Cook explains, "The electric reel has increased my efficiency in two ways. One is in flipping, where I use it all the time. The other is for fishing topwater, when I have to make a long cast. When I'm flipping, the electric reel gives me instant control over slack line. I can keep both hands on the rod. I never have to remove them to take up slack. I flip, engage the reel, and then all I have to do is push the lever with my thumb to take up slack instantly." Cook's reel (a Ryobi 4000) is one of several that can be converted to the electric retrieve. For flipping, Cook loads his reel with 20-pound test line. He uses a similar reel with lighter line when fishing a surface lure. "What you can do with the electric reel is eliminate unproductive reeling time," Cook says.
A few extra seconds may not mean much if you are out on a neighborhood pond just fishing on the weekend. But it can mean a lot if you are in tournament competition, where one extra cast might keep you from going home with $50,000 tucked in your pocket. "Look at it this way," Cook explains. "Let's suppose we're in clear water and it's necessary to make a long cast to the cover we want to fish with a topwater lure. There's a whole lot of unproductive water between us and the cover.
With the electric reel, I make my long cast and fish the cover. Then, when I'm ready to reel in, I just press the retrieve lever so the battery engages the necessary gears, and I've got my lure back ready to make another cast while you're still cranking." When Royal Barton retired from his veterinary supply business, he began enjoying his favorite pastimes: hunting, fishing, and developing the Royal Bee system. He realized he needed help in marketing his product, so he sought professional assistance to learn how to reach the broadest possible market for the Royal Bee system.
Questions
1. What business research problem does Royal Barton face? What are his information needs? Outline some survey research objectives for a research project on the Royal Bee system.
2. What type of survey-personal interview, telephone interview, or mail survey-should be selected?
3. What sources of survey error are most likely to occur in a study of this type?
4. What means should be used to obtain a high response rate?
Good incentive payment scheme
: In particular, physicians can score "points" by seeing a patient within 48 hours after making an appointment. This year, each point brings £75; next year, it will be £120. Do you think this is a good incentive payment scheme?
|
How would you address peoples doubts
: Was an online survey the best medium for a poll on this subject? What were some pros and cons of conducting this poll online?
|
What historical financial information help you make decision
: What historical financial information helped you make your decision - ratios, growth rates, margins, projections, competition? What role does risk play and how do you account for it in your analysis?
|
Velocity of money circulation
: During the 1960s, 1970s, and 1980s, the velocity of money circulation (of M2) was constant. The growth rate of real GDP slowed from 5 percent annual growth rate in the fast-expanding 1960s to a more moderate pace of 3 percent annually during the 1..
|
What means should be used to obtain a high response rate
: What type of survey-personal interview, telephone interview, or mail survey-should be selected?- What sources of survey error are most likely to occur in a study of this type?
|
Determine the correct inventory amount on december
: ACCT160 - FINANCIAL ACCOUNTING ASSIGNMENT. Premier Bank and Trust is considering giving Alou Company a loan. Before doing so, management decides that further discussions with Alou's accountant may be desirable. Determine the correct inventory amoun..
|
Assignment on the federal reserve
: The Federal Reserve offers to the general public numerous publications available at the Website of the Federal Reserve Board here. The Federal Reserve Board testimonies, press releases, monetary policy reports, the Beige Book, and a variety of ot..
|
Write on banks behavior rate during financial crisis
: Write a paper about Banks behavior and interest rate during financial crisis. Introduction, main body, Conclusion. It is recommended to start the introduction with an assertion that the main body will.
|
How can we reduce poverty in the united states
: How can we reduce poverty in the United States?Will receiving a college degree improve your career opportunities?Has the United States peaked as a world power?
|