A Family of Products: Setback or Comeback?

Author
Minnette Bumpus, Bowie State University
Region
North America
Topic
Entrepreneurship
Length
15 pages
Keywords
product line extension
Design Thinking
improvement patents
Crowdfunding
Student Price
$4.00
Target Audience
Graduate Students
Undergraduate Students

Garthen Leslie was thrust into the public spotlight after inventing a smartphone application that could control and monitor the operation of window air conditioners. This invention evolved into the Aros smart air conditioner, a Quirky and GE cobranded product. To expand his product line, Garthen began developing a family of air conditioners shortly after the first Aros air conditioner was commercially available. Unfortunately, plans for product line extensions with GE and Quirky did not move forward because Quirky declared bankruptcy after the first marketing cycle with Aros. However, Garthen had the opportunity to pursue relationships with other companies that helped inventors bring new products to market. The feasibility of the product line extension would be greatly impacted by the type of partner chosen.

Learning Outcomes
  1. Analyze the feasibility of using improvement patents to build a family of products.
  2. Assess a product line extension strategy.
  3. Illustrate the three phases of the design thinking process (inspiration, ideation, implementation).
  4. Compare and contrast potential crowdfunding platforms as potential partners for bringing an idea to market.