How to develop your own business idea

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Reference no: EM132297807

Assessment

Idea Generation and Business Model Development

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. 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.

Table of content
1. Introduction
2. Problem Identification
3. Benefits to be Experienced by the Generated Ideas
4. Proposal for the Business Model
5. Feasibility of the Idea
- Product/Service feasibility
- Industry/ target market feasibility
- Organizational feasibility
- Financial feasibility
6.Conclusion
7.Reffrence
8. Appendix

The assessment criteria are detailed below.

Format: Business Report

Business Model Canvas format: From Osterwalder & Pigneur (2010)

Learning Outcomes Assessed:
o Investigate cases of disruptive innovation in different business and social contexts by applying lean entrepreneurship principles
o Develop ideas using conceptualisation frameworks, innovation personas and horizon thinking in different business and social contexts
o 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

Graduate Attributes:
o Knowledge
o Communication
o Cognitive, technical and creative skills
o Research
o Self-management
o Ethical and Professional Responsibility
o Leadership

Attachment:- Think big Assignment.rar

Verified Expert

The following assignment discusses the business idea of Waste Management Plant. A business model canvas has been utilized for proposing a plan to execute the same. A discussion on the feasibility of the plan, together with the critical success factors have also been provided.

Reference no: EM132297807

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Reviews

len2297807

5/2/2019 2:04:13 AM

Achieving group consensus: Individual student has helped the group reach consensus on the most viable idea to take forward for Assessment 3. 10% Substantial evidence that the individual student has used a variety of approaches that have helped the group reach consensus on the most viable idea to take forward for Assessment 3. Portfolio of materials: Evidence that the individual student has been proactive in contributing to the development of the portfolio of materials for the pitch in Assessment 3. 10% Substantial evidence that the individual student has proactively contributed to development of materials for the pitch in Assessment 3.

len2297807

5/2/2019 2:03:57 AM

Contribution to the team: Individual students has demonstrated they worked productively in the team, including brainstorming with others to generate a viable set of ideas and to solve problems collaboratively. 10% Superior team and collaborative skills demonstrated, including an ability to identify good ideas and solve difficult problems by working with others.

len2297807

5/2/2019 2:03:35 AM

"Proposed Business Model: Discussion of the proposed business model" 15% Exemplary and detailed discussion of the nine building blocks in the proposed business model. Quality of written submission: Quality of writing, grammar, APA referencing, following business report format. 10% An exceptionally well-written business report, good flow of ideas, no spelling or grammatical mistakes, presented in the required format, and accurate use of APA referencing format.

len2297807

5/2/2019 2:03:12 AM

Weighting Problem Identification: Entrepreneurial problem that needs solving and/or the reason the innovation is required is effectively explained 10% High Distinction Exemplary and succinct explanation of the entrepreneurial problem that needs solving and/or the reason the innovation is required. Benefits Generated: Persuasive argument of the benefits to be generated by the idea. 10% Exemplary and highly persuasive argument of the benefits to be generated by the idea.

len2297807

5/2/2019 2:02:35 AM

( I gives sample which are given below so you have to make that type of appendix put in my assignment . i also put pdf in atttechment. For appendix 1& 2.) This yellow line is heading of other’s assignment idea so you have to find another idea.”

len2297807

5/2/2019 2:02:10 AM

in attachment "think big assignment 2 task" file has every step which you have to do. but before start assignment you have to finalize topic(idea) then after i give confirmation then you can go ahead.

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