Biohacking in the mass market Essay Example | Topics and Well Written Essays - 3000 words

Biohacking in the kitty market - Essay ExampleThis hacking ethic has resurfaced again in garages, kitchens and closets all throughout the world. In this current world, the practice of soldering circuit boards and programming in FORTRAN has been replaced with splicing DNA and cloning bacteria. These practices in feature are referred to, what is called in todays world, as bio-hacking. Bio-hackers involved with this practice, manipulate the building blocks of life thereby advancing knowledge and creating new life forms with novel purposes. As has been witnessed in the past few decades, ready reckoner hacker attempt sparked a renewing in the field of computer science and information technology. The revolution increased the pace at which technology had progressed thereby permanently changing the societal landscape. Similarly, it is expected that the bio-hacker movement or rather the practice of bio-hacking will have a parallel effect on the technologies altogether based on biology. These changes will not only bring about a massive instruction in the field of science but will also fundamentally alter human escort itself. The pioneers of this regime shift would be todays bio-hackers. ... This is primarily because with proper information more(prenominal) and more people will gain expertise about this product and eventually will be equal to make an informed decision regarding their usage and utility (Alba and Hutchinson, 1987). The underlying idea of this contrast is to distribute and set up the body modifications using an agreement with a chain of tattoo studios. The product that will be offered to customers is magnetic implant which is another form of body piercing. According to Brownlie and Saren (1991, p. 35), the marketing concept defines basic benchmarks against which marketing practice, i.e. what organizations buttocks be judged. In order to make a successful blood venture, all those benchmarks need to be met. The result of these actions can be ea sily measured by the market share and profitability that the business will achieve, once it has fully implemented all the marketing strategies. One of the primary drawbacks related to this business advent is that it is a completely unexplored area and henceforth it is going to be comparatively strong for the owner to assess the risk associated with every operation. In addition to that, the pricing of the product will be a cause of concern as there is no relative market to compare the prices in order to set it accordingly. There is a potential failure associated with the pricing of the product. If the product is priced too high, thus it will trigger a negative signal within the target market and as a result, the consumers might choose to refrain from availing products from this entity. Furthermore, another cause of failure that can be attributed to this business approach is the potential side