Develop your own business idea

Assignment Help Project Management

Reference no: EM132618621

Assessment - Idea Generation and Business Model Development

Learning Outcome 1: Investigate cases of disruptive innovation in different business and social contexts by applying lean entrepreneurship principles
Learning Outcome 2: Develop ideas using conceptualisation frameworks, innovation personas and horizon thinking in different business and social contexts
Learning Outcome 3: 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

Task Description:

The objective of this individual assessment submission is to learn how to develop your own business idea, complemented by research and observational insights that detail why the need is compelling.You are expected to develop a new, innovative and creative idea. This does not mean creating an idea based or built upon a current organisation or developing a new product for a current firm. Please submit a 1500-word business report of your idea, a detailed business model (BM) canvas, discussion of the interrelationships among the BM components that are essential to success, critical risks and assumptions, and overall feasibility. The business model canvas must be discussed in the report and included as an appendix.

Referencing Style:
American Psychological Association (APA)

Reference no: EM132618621

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