BUS 475 Business Model and Strategic Plan Part 1 Conceptualizing a new product or service division of an existing business- Healthy PlaceBUS/475Business Model and Strategic Plan Part 1: Conceptualizing a new product or service division of an existing business.Healthy Place is a therapy store focused upon relaxation as an aid in healthy living. Healthy Place provides a variety of products, tools, and techniques for customers to practice at home relaxation therapy. These products include body and cosmetics services, aroma therapy products, reflexology, perfumes, and candles. The achievement of a healthy balance of mind, spirit, and body is Healthy Places focus.Business, Product, and Customers: Mission Statement.Healthy Place is designated to service a variety of clientele including varying cultures, ethnicities, and religions all with the common goal of achieving relaxation and stress relief. The main competition for Healthy Place will be other relaxation therapy stores and spas. Customers have the choice between going to a spa and paying huge dollars or come into a store with a relaxing comfortable atmosphere that will assist the customer in creating a spa experience at home. This is how Healthy Place will create a niche for itself in the business market and become a huge competitor for spas. The store will have and display an assortment of Guided imagery, which is a technique used by many for stress management and coping. These guided images will be availab ...
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