Assignment 3 2019 – Design your business: Difference between revisions
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*Share and communicate a vision of how things can be changed | *Share and communicate a vision of how things can be changed | ||
*Consult with your international team members about your local idea | *Consult with your international team members about your local idea | ||
*Your findings will be presented to the plenary on ''' | *Your findings will be presented to the plenary on '''Thursday, 06.06.2019''' | ||
*Your report will be submitted on '''Sunday, 16.06.2019''' | *Your report will be submitted on '''Sunday, 16.06.2019''' | ||
== Submission format and presentation == | == Submission format and presentation == | ||
The business plan has the following sections: | |||
# Executive summary: Opportunity and expectations | |||
# | # Opportunity: Problem and solution, Target market and Competition | ||
# | # Execution: Operations, Management plan, Marketing & sales and Milestones & metrics | ||
# | # Financial plan: Financing and revenue model | ||
#Financial plan | # Social/environmental/community impact | ||
#Social/ environmental impact | #Partner and stakeholder network | ||
Masters students only: | |||
#Social | # Social, ethical or community values | ||
#Risk management | # Risk management | ||
== Templates and formats == | == Templates and formats == | ||
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*For your information, you may download the evaluation forms: | *For your information, you may download the evaluation forms: | ||
** [https://ilias.hfwu.de/goto.php?target=file_22347_download&client_id=hfwu Group assessment form] | ** [https://ilias.hfwu.de/goto.php?target=file_22347_download&client_id=hfwu Group assessment form] | ||
Latest revision as of 06:09, 17 May 2019
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Time frame
- Group work: 25.04. – 16.06.2019, 9 am
- Presentation: 06.06.2019 during plenary session
--> students participating in the intensive programmes in Romania are doing this assignment as part of the workshop
Task description
- What if your team and your community became a company? You have now a common understanding of the challenge; you know about various social business cases, you are aware of business models: Now you can design your own business!
- In your team you are going to think yourself through all the relevant steps required for starting a business such as: a business plan, a financing concept, a marketing scheme. ´
- You will attend additional workshops in the Community Innovation Labs for advancing the design and pitching your idea
- Share and communicate a vision of how things can be changed
- Consult with your international team members about your local idea
- Your findings will be presented to the plenary on Thursday, 06.06.2019
- Your report will be submitted on Sunday, 16.06.2019
Submission format and presentation
The business plan has the following sections:
- Executive summary: Opportunity and expectations
- Opportunity: Problem and solution, Target market and Competition
- Execution: Operations, Management plan, Marketing & sales and Milestones & metrics
- Financial plan: Financing and revenue model
- Social/environmental/community impact
- Partner and stakeholder network
Masters students only:
- Social, ethical or community values
- Risk management
Templates and formats
- The report should be developed based on our business plan template
- The final presentation will be done with a PPT presentation. The presentation needs to be submitted before 06.06.2019, 9am and presented in the afternoon.
- Prepare your presentation for 6th of June with this PPT template
- There will be an invidiual upload area for submitting the reports, you will not be asked to put this material on the wiki
- Report submission deadline is Sunday, 16th of June 2019
Evaluation criteria
- Timely submission of deliverables
- Creativity and innovation of business model and change theory
- Extend to which the proposal meets the criteria of a social business (i.e. explicit social and/or environmental aims in combination with commercial, revenue-generating activities)
- Completeness, depth and formal correctness of required elements
- Visible synergy of project team
- Quality of documentation
- Quality of oral presentation (i.e. keeping time limits, clarity, expression, quality of presentation slides)
- For your information, you may download the evaluation forms: