One room at a time: SensorFlow’s sustainable energy management system for the hospitality industry
Publication Type
Case
Publication Date
9-2021
Abstract
Set in June 2020 in the midst of the COVID-19 pandemic, the case traces the evolution of SensorFlow, an early-stage start-up offering an IoT-powered Energy Management Solution (EMS) to the hospitality sector in Southeast Asia. It documents the founding story and illustrates how the founders, Saikrishnan Ranganathan and Max Pagel, drove the adoption of their innovation by securing a distinctive value proposition and unique business model. SensorFlow’s EMS was targeted at the hospitality sector struggling under pressure to reduce energy consumption and operations costs besides meeting sustainability norms.
SensorFlow’s EMS addressed the gaps in the incumbent solutions with its minimally invasive, less expensive plug-and-play design. In addition, the zero-upfront-cost and pay-as-you-save payment model shortened the sales cycle and accelerated customer acquisition and business growth. However, when the pandemic hit, the growth slowed, and as the long-term implications on the hospitality industry became apparent, the founders had to review their business plans.
Students will learn to 1) appreciate the attributes of start-ups that accelerate innovations 2) iterate and pivot innovations successfully to achieve product-market fit, 3) deploy business models to capture economic value from innovations, 4) make Buy vs Build decisions, 5) drive innovation diffusion by mitigating the barriers to adoption.
Keyword(s)
Diffusion of innovation, Product development, Disruptive business model, Go-to-market strategy, Environmental sustainability, Start-ups
Discipline
Business Administration, Management, and Operations | Strategic Management Policy
Research Areas
Strategy and Organisation
Data Source
Field Research
Industry
Travel and tourism industry
Geographic Coverage
Singapore
Temporal Coverage
2020
Education Level
Executive Education; Postgraduate; Undergraduate
Publisher
Singapore Management University
Case ID
SMU-21-0020
Additional URL
https://cmp.smu.edu.sg/case/5006
Comments
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