Each student is required to write-up a six-page proof of concept for a Essay

Each student is required to write-up a six-page proof of concept for a start-up enterprise. Your concept should capitalize on an - Essay Example It also does not use mercury and contributes to reduce climate control costs in comparison with a florescent bulb. With the growing competitions in the business world, smarter investors know what to invest in. Considering this facet, investing in LED energy savings bulb can be regarded as one of the most prospective businesses in Indonesia. Contextually, it is observed that the revenue generated from the global LED lighting market stands at a substantial figure of US$9.46 billion in 2013. It is estimated that the global demand for LED lighting would broadly stay the same for the coming 4 years. However, this steady growth prospect bodes well for the proposed start-up business (Sector Publishing Intelligence Ltd, â€Å"The World Market for LED Lighting†). Indonesia is determined to be amongst one of the leading resource saver countries in the world. Considering the current electric equipment demand, investing capital to start a business of LED bulb in Indonesia can be considere d as beneficial. THESIS STATEMENT This essay will mainly focus on the opportunity for the investors to invest into the LED energy saving bulb business in Indonesia. The essay would also contain a new-start up business concept mainly focusing on establishing a LED light bulb In Indonesia along with determining the value which can be created by the business. DISCUSSION Potential in LED business in Indonesian Electronic Market. Indonesia is considered to be amongst the largest economies in the Southeast Asia. It has registered a Gross Domestic Product (GDP) growth of 6.2% till 2012 and is projected to be above 6% for the coming five years. It has been viewed that during the downfall in the global economy the country was measured to be amongst the top performers in the global context. The vital reasons behind the strong performance emanated from effective performance of number of industries, high domestic demand of goods and services along with rich natural resources. Additionally, it i s also observed that the consumer market of Indonesia is considered to be amid the fastest developing markets, where GDP per capita is US$3500 exceeding many of its neighboring countries. The political condition of the country is determined to be supportive in comparison with other nations especially in the South Asian region of the world. It is worth mentioning that according to an estimation, it is predicted that 60 million people who are considered as low-income Indonesian workers would join the intermediate class of people in the upcoming years, increasing the consumer demand (Export.gov, â€Å"Doing Business in Indonesia: 2012 Country Commercial Guide for U.S. Companies†). LED light bulbs are observed to be electronic bulbs that utilize semiconductor technology to use electric energy in a more efficient way. It has been viewed that with the increasing technical advancements in every aspect, large organizations are adapting more advanced technologies to develop products b y considering the increasing negative impacts of their operations on the environment. Indonesia is ascertained to be amongst those countries that have been implementing policies and regulations to adapt eco-friendly products as their first priority. It has been viewed that LED lighting products are now available three or more times more effective than compact florescent products and are considered to be the best lighting alternative till date. The LED insurgency in lightning technology is