Reference no: EM13942442

In this assignment you have to generate a business idea and write about that idea by following the assignment details in the 1 assignment you have to Apply the first 2 stages of the business case template 1. Part 1 Problem 2. Part 2 Benefits i m also uploading a document named example of business case to you that is a example of business case template after that you have to make a canvas model of that business idea you can check the video below by more information on canvas model for business business canvas model in 20 min https://www.youtube.com/watch?v=7o8uYdUaFR4 The ability to argue and present a business case is a key function of business development. Apply the first 2 stages of the business case template as a participating member of a team whose mission is to make the case for sustainable innovation. The focus of your team's business case is a primary industry firm or company in Australia or elsewhere. Part 1 of the business case sets the foundation or argument in favour of a sustainable innovation. Guidance with stage 1 (define the problem or need) and stage 2 (benefits and significance arising from innovation) is to take place during in-class discussion and workshop sessions. Teams are to incorporate the principles of a personal sustainability project. Content from Tidd & Bessant (2013) explains how innovation encompasses rationale, detail, situational or contextual data to progress from idea generation to commercialisation. The personal sustainability component encompasses individual action steps that are (i) repeatable, (ii) inspirational, (iii) sustainable, and (iv) enjoyable (RISE). Initial ideas expressed in class, will typically start with individuals (idea generation), but the involvement of others (the team) is also needed to realise the sustainable innovation, the business model, the measures (quantitative data & mathematical models), as well as shared insight and critical thinking (qualitative data). Key steps: Business Case Template (.docx) The assessment criteria for the task comprise: Problem or defined need for sustainable innovation (15%) Benefits and significance of generated ideas (15%) Idea generation and application of models (20%) Business case components, concepts and theoretical treatment (20%) Team formation and contribution (10%) Written communication and referencing standards (20%) The business model generator (worksheet) is one critical component from which to identify approaches to value creation, key internal and relational resources, tasks and processes, and value appropriation. As part of the business model generation process, teams are also required to select and operationalise mathematical models (see Moodle). Mathematical models are necessary to test and validate measures that are integral to submission of parts A & B of the business case. Mathematical modelling used in the business case must be justified or substantiated. Generic & process method outline Append the completed business model generator worksheet to Assessment 1.