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    ENT600 Individual Project Business Modal Canvas (BMC)

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    ahosfhaofahfoua
    This document provides guidelines for an individual project assignment requiring students to develop a Business Model Canvas (BMC) for a new product development (NPD) project. The guidelines specify that students must: 1) Propose a BMC for their individual NPD project product idea. 2) Choose one viable business idea based on their NPD project to develop into a BMC. 3) Ensure their product idea could potentially be sold in the market. 4) Submit a written report using the given report format and template by June 14th, 2020. The report should include an executive summary, objectives, identification and evaluation of the business opportunity using the BMC framework

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    ENT600 Individual Project Business Modal Canvas (BMC)

    Uploaded by

    ahosfhaofahfoua
    26 views7 pages
    This document provides guidelines for an individual project assignment requiring students to develop a Business Model Canvas (BMC) for a new product development (NPD) project. The guidelines specify that students must: 1) Propose a BMC for their individual NPD project product idea. 2) Choose one viable business idea based on their NPD project to develop into a BMC. 3) Ensure their product idea could potentially be sold in the market. 4) Submit a written report using the given report format and template by June 14th, 2020. The report should include an executive summary, objectives, identification and evaluation of the business opportunity using the BMC framework

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    GUIDELINES

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    This document provides guidelines for an individual project assignment requiring students to develop a Business Model Canvas (BMC) for a new product development (NPD) project. The guidelines specify that students must: 1) Propose a BMC for their individual NPD project product idea. 2) Choose one viable business idea based on their NPD project to develop into a BMC. 3) Ensure their product idea could potentially be sold in the market. 4) Submit a written report using the given report format and template by June 14th, 2020. The report should include an executive summary, objectives, identification and evaluation of the business opportunity using the BMC framework

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    26 views7 pages

    ENT600 Individual Project Business Modal Canvas (BMC)

    Uploaded by

    ahosfhaofahfoua
    This document provides guidelines for an individual project assignment requiring students to develop a Business Model Canvas (BMC) for a new product development (NPD) project. The guidelines specify that students must: 1) Propose a BMC for their individual NPD project product idea. 2) Choose one viable business idea based on their NPD project to develop into a BMC. 3) Ensure their product idea could potentially be sold in the market. 4) Submit a written report using the given report format and template by June 14th, 2020. The report should include an executive summary, objectives, identification and evaluation of the business opportunity using the BMC framework

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    ENT600

    INDIVIDUAL PROJECT

    BUSINESS MODAL CANVAS (BMC)

    WRITTEN REPORT ON BUSINESS MODAL CANVAS (BMC) (20%)


    Due date: 14.6.2020

    Guidelines for group project are as follows.

    A. BMC PROJECT OVERVIEW


    Opportunities are central to entrepreneurial activities. Opportunities exist to inspire individuals
    to become entrepreneurs, and act as a link between the individuals and the setting up of new
    venture (Venkataraman, 2004).
    This entrepreneurial exploration project aims to provide a better understanding of the
    theoretical foundations of entrepreneurship and for students to personally experience what it
    takes to become an entrepreneur by developing and implementing a simple business idea.

    At the end of the activity, students should be able to demonstrate the entrepreneurial mind in
    identifying business opportunities. (CLO2-A3)

    INSTRUCTIONS

    1. Students are required to propose BMC on their NPD project individually.


    2. Student needs to choose ONE viable business idea (products only) based on their NPD
    project.
    3. For your NPD product, student should be able to can sell their own product in the available
    in the market.
    4. Student needs to write a final report using the given format.
    5. Use Times New Roman 12 or Arial 11 with 1.5 spacing for the written assignments.
    6. The report must be submitted on or before/on 14th June 2020. Failure to do so will
    jeopardize the student’s grade for this subject
    B. PROCESS OF IDENTIFYING, EVALUATING AND SELECTING A BUSINESS
    OPPORTUNITY

    Search for business opportunities on the industry (eg. food, clothing, recreation,
    cleaning service etc)

    1. Identify the needs and wants of customer - choose a business based on


    product or service

    2. Scanning (examining) the environment and evaluating of self (entrepreneur)


    and the community

    Environment One self Community

    - Population structure - Experience - Values / norms


    - Income and taste - Knowledge and Skill - Perception
    - Media and Internet - Financial
    - Social Problems - Network
    - New Government Ruling - Interest
    - Industrial Linkages

    Screening of business opportunity: legal, monopolistic power, level of competition,


    capital requirement and risks

    3. Selecting a business opportunity


    ENT600
    TECHNOLOGY ENTREPRENEURSHIP

    INDIVIDUAL PROJECT

    BUSINESS MODAL CANVAS (BMC)

    PREPARED BY:
    NAME ID NO GROUP CODE

    PREPARED FOR
    LECTURER’S : DR. MOHD SUBRI TAHIR
    NAME
    SEMESTER : MARCH – JULY 2020
    DUE DATE : 14/06/2020
    C. GUIDELINES ON CONTENTS

    1. COVER PAGE As above (refer template)

    2. EXECUTIVE Should be written last to focus on key points/findings


    SUMMARY

    3. OBJECTIVES  prepared to solve their customers’ needs effectively

    4. IDENTIFICATION,  Highlight the stages of identifying, evaluating and


    EVALUATION AND selecting a business opportunity
    SELECTING A
    BUSINESS  Analysis business opportunity using Business Model
    OPPORTUNITY Canvas (BMC)

    Business Model Canvas (BMC)


    1. Customer segments
    2. Value propositions
    3. Channels
    4. Customer relationships
    5. Key partners
    6. Key activities
    7. Key resources
    8. Cost structure
    9. Revenue

    5. CONCLUSION Highlight the potential of the business opportunity


    eg; the market growth and financial returns.

    6. REFERENCES Make sure you support your ideas with facts and figures.
    Please try to use your own words and ideas based on
    research rather than copy and paste other’s words from
    the internet

    7. APPENDICES Attach charts, financials and sales report, visuals, and other
    related items can be placed here and referenced in the
    report.
    Business Model Canvas :
    Key Partners Key Activities Value Propositions Customer Relationships Customer Segments

    The network of The most important A clear description of the The methods used to The specific group of
    suppliers and partners things that a company company’s offering and maintain relationships people that the
    that make the business must do to make its how it solves problems or with customer segments. organisation aims to
    model work. business model work. creates value for serve.
    customers.

    Key Resources Channels


    .
    The most important The means that a
    assets that the company company uses to reach its
    needs to make the other customer segments to
    elements of the business communicate with them
    model work. and to deliver products
    and services to them.

    Cost Structure Revenue Streams


    FACULTY OF BUSINESS AND MANAGEMENT
    UNIVERSITI TEKNOLOGI MARA, MALAYSIA

    INDIVIDUAL PROJECT (20%)


    TECHNOLOGY ENTREPRENEURSHIP (ENT600)

    At the end of the assignment, students should be able to demonstrate the entrepreneurial mind in identifying business opportunities (CLO2-A3)

    No. Student’s Name: Student’s ID Group Code Weighted Marks


    Obtained (%)
    1.

    Lecturer:

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