Reference no: EM132144110
Question: 1) Read about the Lean and Experiment" chapters from the Lean Startup" book for Eric Ries. You need to write with your style your own brief summary about:
What is the chapter about?
What are the lessons learned?
No more than 3 pages.
2) Read about the Leap and Test" chapters from the Lean Startup" book for Eric Ries. You need to write with your style your own brief summary about:
What is the chapter about?
What are the lessons learned?
No more than 3 pages.
3) Read about the"Adapt and Innovate" chapters from the Lean Startup" book for Eric Ries. You need to write with your style your own brief summary about:
What is the chapter about?
What are the lessons learned?
No more than 3 pages.
4) As part of completing your entrepreneurial project, You were asked to prepare a brief "Executive Summary" for a Business Consultant at your Midterm and you worked on improving your project proposal through bringing "Added Value" to your operation for this project.
Part 1: What you have to do is to submit the following:
1- How will you convince your Business Consultant about:
1.1 This idea will work successfully.
1.2 Other competitors cannot do the same you are doing before you get a profitable market share.
1.3 What kind of help you need from the consultant to make it happen?
2- How will you reach what you had in your Executive Summary (You need to show this based on the 14 approaches in the Process to establish a Lean Startup. (Ref: The Lean Startup by Eric Ries)
3- What will be your Minimal Viable Product - MPV to start your first mile?
Part 2: 1- Action plans for how you will bring the added value to your operation?
In other words, you need to present action plans showing a timetable "Gantt Chart" with details about how you will get there. (Your implementation Roadmap)
You can include as many as you find it is applicable to your project from the list of the following:
Product Differentiation
Quality Differentiation
Price Differentiation
Expertise and Knowledge
Resources/ Human and Materials
Technology used
Distribution
Supply Chain Management
Branding Strategy
Patent/Copyrights/Trademark
Rewards recognition
2- Define your boundaries and obstacles that might face you while implementing the above action plans.