Reference no: EM132852990
Instruction
Step one: From the industries listed below pick one industry that is of interest to your group.
?E-Business, Maintaining Wellness, Personal Indulgence, Home Health Service and Eldercare, Petcare, and Pampering, Retail Boutiques, Personal Services.
Step two: Identify a problem or an opportunity this industry is facing. Please don't generate ideas or solutions. We are looking just for the problem or opportunity.
Step three: Brainstorm ideas to solve the problem or opportunity
Use post-it notes to generate ideas
No judgment
Try to push past conventional thinking
No ideas are silly
Step four: Do some research to narrow your ideas
Step five: Come to a group consensus of the most viable idea and fill out the IDEAL BUSINESS form.
Step six: Write a one-two page report which includes the following information:
Clearly state the industry your group picked
Clearly state the problem or opportunity
What was your solution/idea?
Why do you think the solution/idea is the most viable?
What are your long-term growth expectations? (lifestyle, small/profitable, high-growth venture)