Identifying requirements 2/3

What does SWOT stand for?

strengths, weaknesses, opportunities, threats

What are strength-opportunities in a SWOT analysis?

analyze the strengths of the environment/product for developing them

What are weakness-opportunities in a SWOT analysis?

analyze the weakness of the environment/product to find solutions to the weaknesses

What are strength-threats in a SWOT analysis?

analyze the products strengths to reduce the threats and market risks

What are weakness-threats in a SWOT analysis?

analyze the products weaknesses and build a strategy to prevent/reduce them

What is Participatory design?

Designing whilst actively trying to involve all stakeholders in the design process to ensure the results meets the needs of the stakeholders

What is a qualitative observation?

An observation that describes by using the five senses.

What is market research?

To find peoples likes/dislikes and understand the needs/wants of your target market

What is Market Pull?

responding to demands from the market

What is Technology Push?

developments in materials, components and manufacturing methods cause products to be made

What is Consumer Choice?

consumers wishing to use the latest technology

What is a feasibility analysis?

the process of determining whether a business idea is viable

What is primary research?

information gathered first hand through personal experiences

What is secondary research?

gathering information that already exists

What is fashion and trend forecasting?

focusing on upcoming trends, predicting the styles that will be presented on the runway and in the store for the upcoming seasons

What is an enterprise?

a business organization, particularly innovative businesses

What is crowdfunding?

raising money for a project or venture by obtaining many small amounts of money from many people

What are entrepreneurships?

the process of starting a new company, entrepreneurs are people who initiate the start-ups

What are commercial partnerships?

partnerships between companies used to share ideas and gain access to newer technology, the partnership is mutually beneficial

What are venture capitalists?

Individuals or organizations that agree to provide a certain amount of funding for a new business in exchange for being a stakeholder

What is branding?

iconic symbols, sounds to easily identify a company or product

What is innovation?

the process by which ideas are transformed into new products and services that will help firms grow

What is iterative design?

An iterative design process allows designers to develop their ideas through: prototyping, testing and analysis

What is project management?

The application of knowledge techniques to project activities to meet project requirements