What are the most likely market segments for asimo

Assignment Help Business Management
Reference no: EM131264658

Case Study: Honda's ASiMO

Meet ASIMO! He is 4 feet tall, with a pleasant childish voice, and the ability to recognize and interact with people; however, ASIMO is no child. He is the humanoid robot "brainchild" of scientists at Honda. ASIMO's technology includes two camera eyes to map its environment and recognize unique faces. Its body construction is so humanlike that it can run at 3.5 mph, toss a ball to play with a child, and use its opposable thumbs to open a bottle and serve you a cold drink. ASIMO is the perfect household companion.

Honda has not yet made ASIMO available to purchase for home use but it is only a matter of time until families can have their own humanoid robot. But not everyone is interested. Consumers are a bit nervous about a robot serving them meals or sitting down and telling them the news of the day. Why? Perhaps it is Hollywood's influence on our perception of robots. It might not be the sweet WALL­E that comes to mind when we think about robots, but the Terminator or another threatening machine.

If consumers are not ready for ASIMO, perhaps they are ready for some of its features. Facial Recognition Technology (FRT), the ability for a computer to "read" your face, is seeing strong development and application. According to some analysts, the FRT market is expected to grow from $1.92 billion to $6.5 billion within the next 5 years.

Advertisers and big brands are taking notice of FRT. Imagine a billboard in a mall that advertises Abercrombie to a teen girl and Target to a busy mom. Immersive Labs is one company that has developed digital billboards that measure the age range, gender, and even attention level of a passerby to deliver a tailored ad.

According to researchers, FRT can do more than read your face and estimate general physical characteristics. It can map out a biometric profile that is as unique as your fingerprint. Red Pepper is a company that uses this advanced technology to develop Facedeals, a smartphone app that provides personalized offers to consumers. Here's how it works. You download the app, walk into a store with a Facedeals camera, and are recognized. Facedeals interfaces with your Facebook information, analyzing your content for favorite brands, relationship status, places visited, and other information. Then, Facedeals presents you with a personalized offer.

The marketing applications for FRT are numerous. Google is considering letting individuals use a body motion, perhaps a "wink" or "eyebrow movement," as their FRT password. Forbes.com has unveiled an app where your webcam watches your facial responses when you view ads to learn what products and ads you like and dislike.

Many brands know one key to successful marketing is to offer the right product to the right consumer at the right time. With FRT, marketers can achieve this goal at a whole new level.

Discussion Questions CS 1­1 What are the most likely market segments for ASIMO? CS 1­2 How could Honda overcome resistance to the idea of a home robot? CS 1­3 What concerns might consumers have regarding FRT?

Reference no: EM131264658

Questions Cloud

Describe the main components of contemporary business : Describe the main components of contemporary business. Describe the focus of nonprofit organizations. Explain the five elements in the business environment.
Evaluate the companys external environment : Determine how to create value and sustain competitive advantage using the environmental scanning strategy. Evaluate the company's external environment. Assess the company's general environment.
Explain approach-avoidance conflict : What are the general categories of stressors that can affect job stress? Give some examples of each. 3. What are some of the dispositions that may influence an individual's reaction to stress? Give an example of each.
How are the meanings different in other countries : Make a list of ten gesturesother than those discussed in the text) that have different meanings in different countries. Consider the fingertip kiss, nose thumb, eyelid pull, nose tap, head shake, and other gestures. How are the meanings different ..
What are the most likely market segments for asimo : What are the most likely market segments for ASIMO? How could Honda overcome resistance to the idea of a home robot? What concerns might consumers have regarding FRT?
Describe the communication plans : Identify and assess the internal and external stakeholders and leadership that influence the system's development, implementation, and evaluation.
Explain the elements of emotional intelligence : Fully explain emotional intelligence, and give two examples of the concept. Explore the elements of emotional intelligence that leaders must be aware of to increase leadership effectiveness.
What type of leader do you feel would be the most effective : What type of leader do you feel would be the most effective for your Company? Have you experienced either visionary leadership or strategic leadership, as presented by Rowe?
Relationship between personal ethics and business ethics : What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same? Your response should be 200 words in length

Reviews

Write a Review

Business Management Questions & Answers

  Evaluate the product using the five step plan

Develop a SPC checklist for each dimension of the product that you believe would be subject to statistical control. - Evaluate the product using the five-step plan that is associated with the Kaizen philosophy.

  Review the article mary barras unexpected opportunity

Review the article "Mary Barra's (unexpected) Opportunity" which can be found in the weekly reading. This article pertains to the Chevrolet Cobalt recall.

  Model of a business process

Using Microsoft® PowerPoint®, Microsoft® Word, or a drawing program of your choice, draw a diagram/model of a business process with which you are familiar.

  Question regarding the business letter

Brainstorm a business that you would like to create that you believe would be successful in your community. Imagine you have already written an excellent proposal for the business, identifying the company name, product or service, target market, a..

  Differences between face-to-face and virtual teams

Discuss the primary differences between face-to-face and virtual teams. Explain why the Aberdeen model can or cannot be implemented in other organizations that rely heavily on virtual teams.

  Define continuous process improvement in the organization

What methods could be used to ensure continuous process improvement in the organization from a production and operations management perspective

  Calculate the appropriate confidence intervals

a. What would be the hypotheses for this test? b. Can Jeremy conclude that there is a difference in the mean number of hours spent by executives in the three different industries? What are you basing this conclusion on? c. Calculate the appropriate..

  Producing an acceptable quantity of high quality sales

Why do you think B2B marketers consider producing an acceptable quantity of high quality sales leads one of their most important challenges?

  Use of unmanned delivery drones in england

Is it ethical for Amazon, the giant e-commerce retailer, to test the use of unmanned delivery drones in England because it's illegal for Amazon to test them here in the United States*?

  Discuss the technology impact on social

Discuss the technology's impact on social, ethical, and legal issues. How do you think the role of this technology has changed HCI since its inception? How do you see the future of this technology further changing HCI?

  Issue that is beyond the scope of a simple technical issue

If an organization is addressing an issue that is beyond the scope of a simple technical issue, and it is going to have a company-wide impact, project management would be the recommended course of action to make sure the issue is addressed in calc..

  Design the technology and networking architecture

Must design the technology and networking architecture for your business - medium-sized food store in your hometown.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd