Product Lunch Presentation Essay Example | Topics and Well Written Essays - 1000 words

Product Lunch Presentation - Essay Example However, these advancements had their equal share of success and failure. They were also associated with severe criticism; criticism which resulted from fatal or minor errors committed by practitioners, which have proven to be detrimental to a patient’s life. In addition to that, the scope of these advancements was only limited to carrying out basic medical procedures and even after that they came at a great cost. This deficiency in the field of medical practices combined with the desire of human being to have a healthy and convenient lifestyle influenced researchers and scientists all over the world to come up with an innovative idea. That is when the concept of robotics was introduced into health care system all over the world just like it is used in the field of construction, manufacturing and information technology. Robotics in health care system also witnessed a rapid advancement since the time of its inception. But there were disadvantages associated with this technology that came in the form of huge size, high cost of production and maintenance. Thus the idea of making it portable and cost effective came into limelight and thus efforts were fostered in to achieving this goal. Till now various portable health robots have been developed which can perform basic level medical procedures but some disadvantages associated with them are that they are not user friendly and that their functionality is limited to a certain extent. This is where a new innovation called â€Å"MY HEALTHY ROBOT† developed by me/my company fits into the health care system thereby addressing the deficiencies noted in this line of operation. MY HEALTHY ROBOT – WHAT IS IT? â€Å"My healthy robot† is a user friendly portable health care device which provides an in depth analysis of a client’s health thereby giving easy to read description of the client’s health status as output. Since the output can be easily analyzed by anybody, hence it disqualif ies the need for visiting a doctor to get the results analyzed. It is an advanced device which provides the client with a painless procedure (no needle method) to examine blood sugar level. This process is called the â€Å"Swab Saliva Process† which would only require the client to swab saliva and stick it inside the device and wait for a few minutes and thereafter the robot will dispense the health report. This will offer the client with a convenient method of examining his blood without having to wait for countless of hours in the doctor’s chamber and that too in empty stomach. It displays accurate results within a span of few minutes and hence it is less time consuming. The product also has an additional feature called the â€Å"My baby mode† which will be helpful for pregnant women or anyone taking care of a baby. â€Å"MY HEALTHY ROBOT – PRICING OPTION & FACILITIES† According to Allen & Dare (2004), price of a product or service is a critical factor which attracts and engages customers with the attribute of the product or service. Similar theory has been explained by Anderson & Simester (2003). Product price in general can influence the purchasing decision of a customer (Bizer & Petty, 2002; Coulter, 2001). It can be explained by the fact that buying the product will depend upon the purchasing power of the customer. In light of these theories, efforts have been made to keep the price of the product at an appropriate level in order make the product available to