Amend the business model canvas to incorporate

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Reference no: EM132374506 , Length: word count:300

Assessment - Idea Selection and Business Pitch

Task Description: This is a group assignment that builds on the work completed in Assessment 2.

The objective of Assessment 3 is to develop skills that enable you to evaluate which idea (from Assessment 2) has the highest chance of success, and to then prepare a pitch that presents a compelling business case to secure financial backing. This facilitates an appreciation of what potential investors will be evaluating before they commit to project investment.

In summary, there are two parts to Assessment 3. The first requires the group to prepare a 1500-word business report that compares then selects which business idea to present from Assessment 2. The second involves everyone in the team pitching the idea to secure development capital. Each of these is detailed below:

Idea Selection - The structure of 1500-word business report should be set out as follows:

1. Idea Evaluation (Develop an evaluation framework to compare the ideas developed individually in Assessment 2)

2. Idea Selection (Describe and justify how the best idea was selected)

3. Improvements (Identify any gaps that need to be addressed before the idea is pitched to an investor)

4. Revised Business Model (Amend the business model canvas to incorporate the above revisions)

5. Cash flow projections (Prepare 'best case' and 'worst case' cash flow projections for the first two years. Remember to state your assumptions about the key drivers of cash flow in each scenario)

The Pitch - Using Zoom, record a (maximum) 10-minute PowerPoint presentation that explains and sells the business idea to potential investors and customers

Each team member must present their aspect of the pitch in no more than 3-minutes.

The pitch should be structured to include the following:

1. Overview of the proposed venture idea and underlying business model

2. More detailed explanation of:

a. the problem solved;

b. how the idea is monetised;

c. financial feasibility (Key Ratios: Break-even point and ROI);

d. operational feasibility; and

e. scope and scalability of the idea for commercialisation.

3. What you are seeking from the investor

4. What you are offering in return

5. Cash flow projections for the first two years.

Referencing Style: American Psychological Association (APA)

Submission Instructions - On behalf of all group members, the group leader is required to upload to Moodle the 1500-word business report selecting the idea, a video recording of the pitch using Zoom, and the PowerPoint used.

Assessment Criteria: Idea selection will be assessed on the following criteria:

1. Develop an evaluation framework to compare the ideas that were developed individually in Assessment 2

2. Describe and justify how the best idea was selected

3. Identify any gaps that need to be addressed before the idea is pitched to an investor

4. Revision of the business model canvas to incorporate the above

5. Prepare 'best case' and 'worst case' cash flow projections for the first two years

Presentation pitch will be assessed on the following criteria:

1. Overview of the proposed venture idea and underlying business model

2. More detailed explanation of:

a. the problem solved;

b. how the idea is monetised;

c. financial feasibility (Key Ratios: Break-even point and ROI);

d. operational feasibility; and

e. scope and scalability of the idea for commercialisation.

3. What you are seeking from the investor.

4. What you are offering in return.

5. Presentation was creative and persuasive.

6. Presentation demonstrated commercial acumen.

7. Evidence (references) supporting the idea are provided in the Notes sections of relevant PPT slides.

Learning Outcomes Assessed:

  • Define and apply key concepts of innovation in commercial, digital, service, and social contexts
  • Investigate cases of disruptive innovation in different business and social contexts by applying lean entrepreneurship principles
  • Demonstrate an understanding of and apply the stages of the innovation process, including learn how to forecast the success and market diffusion of your innovation using business model design logic
  • Identify and discuss the technical, financial and organisational constraints to innovation in markets that occur in real-life through the use of teamwork and brainstorming.

Graduate Attributes:

  • Knowledge
  • Communication
  • Cognitive, technical and creative skills
  • Research
  • Self-management
  • Ethical and Professional Responsibility
  • Leadership.

Note - Need to solve the just 4no question which you can see in the task description.

Reference no: EM132374506

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Reviews

len2374506

9/22/2019 10:58:24 PM

General format of the assignment: Word count: 600 words (+/- 10%). Refer to page 1 for late submission penalty. Format: Double line spacing, Arial or Times Roman preferred; font size 12. You are encouraged to use headings and sub-headings within your report. Selection of articles should be from reputable sources. APA Referencing for citations. Submission: a. Cover page, b. A hardcopy binded report and c. Turnitin summary report (Appendix).

len2374506

9/22/2019 10:51:53 PM

Word Count: 300. i am sending you one assignment as well description task there are 5 question in the description task this is my group assignment so i have need to solve the just 4no question which you can see in the task description am sending you one assignment we are doing work on this topic and in the assignment you can see the business model so i have need to just improve the business model with new and great ideas you should add some more ideas in the business model so word limit should be 300 not less than and not more than 300. Am again explaining you please read carefully business model and add some new ideas and improve the business model. Please grammar should be correct no sentence mistakes it is master level assignment. Try to add new ideas. New ideas should be strong.

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