Sunday, September 8, 2019

Assignment 4A - Forming An Opportunity Belief


Problem: Stress
Who: College students, professionals, everyone
Why: Humans neglect to manage factors associated with stress; such as finances, academics, health, family, and lack of sleep. This creates an imbalance of stressors in their life which can lead to underperformance and other mental challenges.

There is a current unmet need in regards to awareness of mental health and managing stress. Today’s society forces various external pressures in regards to perfectionism and living go-go-go life. Despite one’s current mental state, everyone is dealing with hardships and different stressors. The diversity of people who deal with stress ranges from young girls in high school, to males in college, and even to mothers in the workforce and their children. With stress, there is a physical and emotional connection between the mind and body.  I believe I can provide a product which can help manage one’s unique set of stressors in relation to their desires by focusing on their mind and body. This need has always been a present. Recently, there has been a cry for help to push mental awareness in our nation. According to purdeglobal.edu.net, approximately 45% of college students said they experience more than average stress and 87% admit they have felt overwhelmed.  There are many techniques which reduces stress – journaling, eating well, exercise, having an outlet, planning, thinking positively, meditating, etc. Since humans experiences these factors differently, each solution will vary according to the individual and their demands. Many new technologies, like the apple watch, try to assist with health management by forcing on activity levels and sleep. The only issues is these products neglect the mental state of the humans. The proposing product would be an interactive agenda which correlates to a user’s online quiz submission. The configured data would output a uniquely designed tangible (or online) planner with reminders, quotes, and ways to maintain a balanced lifestyle in efforts to manage stress. There is a customized planner company with a similar concept, but does they do not focus on stress management techniques.  I am maybe 55% sure this opportunity exists.  

#1: Female Mother in the Workforce (early fifties)
o   Have you ever experienced stress? If so, at what age did stress enter your life?
o   Yes. Age 13, 8th grade.
o   Did you know 87% of college students feel overwhelmed at times? Why do you this occurs?
o   Yes. Due to no down time while growing up to play, think, hang with friends because of overly programmed by parents and society coupled with never being able to disconnect from technology, has created a college students who do not know how to relax, put items in perspective, and just disconnect. Have any of them just daydreamed, spent time in the outdoors without structure, take time to pray/meditate (as many have never been taught).
o   How do you cope with stress? Are you currently happy with this solution?
o   Prioritize tasks, reflect is any one go to die from this situation/will it matter in 1 year or 5 years (perspective), get 7- 8 hours of sleep, exercise regularly, learn to say no to events or organizations that do not add value to my life, Pray - live with attitude of gratitude and have faith all works out.
o   I am happy with this solution as keeps me grounded.
o   Do you prioritize your life through a planner or journal?
o   Yes
o   Do you own a wearable devices? If so, what would you add to help minimize your stress?
o   No
o   For an agenda, do you prefer an online application or a tangible one?
o   Tangible
o   Prioritize the following topics – exercise, sleep, nutrition, finances, family/friends, mental state, academics, work, faith.
1) Faith
2) Mental State
3) Sleep
4) Family/Friends
5) Work
6) Exercise
7) Nutrition
8) Finances
9) Academics n/a
§  What about recharging time/relaxing time?
o   From the list above, which of the following causes you the most and lease stress?
o   1) Most stress - Finances / Nutrition
o   2) Least stress - Faith
o   Any other thoughts on an integrated planner focusing on stress management through mind and body needs.
o   I would not want to have a technological device guiding me on stress management. It would stress me out.

Reflection: Older potential customers believe they have a grasp on stress management. They do believe the next generation needs more help with stress management due to the current pressures of society and their parents.

#2: Male College Student (early twenties)
o   Have you ever experienced stress? If so, at what age did stress enter your life?
o   13
o   Did you know 87% of college students feel overwhelmed at times? Why do you this occurs?
o   Yes, because of the various different fronts that college students face pressure from.
o   How do you cope with stress? Are you currently happy with this solution?
o   I try my best to use other people to help me cope with it, and it usually helps but it’s hard to motivate myself to admit to others that I’m not okay.
o   Do you prioritize your life through a planner or journal?
o   No
o   Do you own a wearable devices? If so, what would you add to help minimize your stress?
o   I do not.
o   For an agenda, do you prefer an online application or a tangible one?
o   Tangible
o   Prioritize the following topics – exercise, sleep, nutrition, finances, family/friends, mental state, academics, work, faith.
1)    Family/Friends
2)    Faith
3)     Academics
4)    Sleep
5)     Mental State
6)     Work
7)   Finances
8)    Exercise
9)     Nutrition
o   From the list above, which of the following causes you the most and lease stress?
o   Most is mental state
o   Least is exercise
o   Any other thoughts on an integrated planner focusing on stress management through mind and body needs.
o   No

Reflection: Males have a lot of insecurities and do not know how to cope with them. Typically, males do not use planners due to a sense of vulnerability. It is hard for one to vocally admit they are under stress and journaling is a tangible way to help cope with it.


#3: Female entering the Workforce (mid-twenties)
o   Have you ever experienced stress? If so, at what age did stress enter your life?
o   Yes. It started around high school; about the age of 16.
o   Did you know 87% of college students feel overwhelmed at times? Why do you this occurs?
o   I did not know the exact percentage but I could assume it was a majority. This may occur because there is so much going on in the lives of students, academics, extracurricular, relationships, higher education exams, work. There is a lot of pressure out on college students.
o   How do you cope with stress? Are you currently happy with this solution?
o   I’ve picked up running. I also have an amazing friend group that is a great sponge to soak up my stress and help me cope. I am pretty satisfied with how I handle it.
o   Do you prioritize your life through a planner or journal?
o   No, but I should start.
o   Do you own a wearable devices? If so, what would you add to help minimize your stress?
o   I know it tracks heart rate, so maybe when that was abnormal (not during exercise). It could be paired with the breathing feature.
o   For an agenda, do you prefer an online application or a tangible one?
o   Online application.
o   Prioritize the following topics – exercise, sleep, nutrition, finances, family/friends, mental state, academics, work, faith.
1)    Faith
2)    Family/Friends
3)    Academics
4)    Exercise
5)    Sleep
6)   Nutrition
7)    Finances
8)    Mental State
( I don’t work)
o   From the list above, which of the following causes you the most and lease stress?
o   Academics causes me the most stress.
o   Exercise causes me the least stress.
o   Any other thoughts on an integrated planner focusing on stress management through mind and body needs.
o   Nope. Sounds like a great idea.

Reflection: Many people who are technology savvy and use wearables will be more inclined to an online application as their form of a schedule. 

Summary: The opportunity for a product like this is much smaller than I initially believe. After conducting interviews, I realized people are currently satisfied by their ways in stress management and do not believe they have a need for an integrated and customizable planner.  In addition, I learned faith and family/friends are the most important factors in someone’s life. Learning this, one can create a new solution or plan to develop a concept which integrates those concepts together to better one’s mental state. Also, many people start feeling stress in their teens. If this product was marketable, it might be best to target middle and high school aged consumers than adults already satisfied with their daily practices. This exercises has allowed me to see potential effects of this new opportunity and ways to alter it to make it more attractable and accurate to consumers. In adapting potential opportunities, entrepreneurs should analyze customer feedback and be adaptable if it fits in with their original goal and vision of the product’s mission. In creating a new product, there will be tradeoffs between adapting and staying firm in one’s belief. Therefore, it is essential to have a long term thinking mindset and to let your mind become more broad focused by listening to other’s perspectives.

3 comments:

  1. Hey Christina,
    Making the correlation between technology savvy people and your online application process makes so much sense. I think that’s a great idea. Especially because when it comes to mental health, there is never a one-size-fits-all solution. Personalizing quizzes that can lead to individual advice targets a greater audience and can allow people to become more inclined to want to know their own information. The only thing I can say that will help this post is to be more specific in the product: what type of quiz, the questions, how they would be asked, etc. Overall, great post!

    ReplyDelete
  2. Hi Christina, I like the fact that you chose a problem that isn't isolated to one group of people but is felt by everyone from high school, college, or professional spheres of life. I targeted one group in an isolated location, which works but doesn't have as broad an application. I also liked how you noticed the potential for a better target market to increase your product success which would be more so in that high school range. Adding depth with more formats would take time to implement but would likely also help marketing. It's interesting how everyone has different stressors which affect us all differently. I commend your idea of helping many people and therefore making your target audience broad as this potential idea is further developed.

    ReplyDelete
  3. Hi Christina,
    I think it's so true that faith and friends/family tend to be the most important factors for most people. It's also true that stress affects everyone and that some people manage have better ways to manage it than others. I would love to see how far you could take your ideas, as far as making it marketable for teens, which is the age most people said they started feeling stress. I agree with everything that was said in your reflection and I would've made the same conclusions you did with this data. Overall, great job!

    ReplyDelete