+61480015851
MGMT20143: Idea Generation And Business Model Development - Management Assessment Answer
Download Solution
Order New Solution
Subject Code: MGMT20143
Internal Code: E_AI_DIHB_CJD
Management Assessment Answer
TASK: Task Description The objective of Assessment 3 is to develop skills that enable you to evaluate which idea (from Assessment 2) has the highest chance of success, and to then prepare a pitch that presents a compelling business case to secure financial backing. This facilitates an appreciation of what potential investors will be evaluating before they commit to project investment. In summary, there are two parts to Assessment 3. The first requires the group to prepare a 1500-word business report that compares then selects which business idea to present from Assessment 2. The second involves everyone in the team pitching the idea to secure development capital. This needs to be recorded in Zoom with each team member presenting relevant PPT slides. Both the Business Report (Idea Selection) and Pitch (Zoom video recording) need to be uploaded in Moodle. The criteria for each component of the assessment are detailed below: Idea Selection The structure of the 1500-word business report should be set out as follows (with pro-rata assessment weighting totaling 100%):- Idea Evaluation (Develop an evaluation framework to compare the ideas developed individually in Assessment 2)
- Idea Selection (Describe and justify how the best idea was selected)
- Improvements (Identify any gaps that need to be addressed before the idea is pitched to an investor)
- Revised Business Model (Amend the business model canvas to incorporate the above revisions)
- Cash flow projections (Prepare ‘best case’ and ‘worst case’ cash flow projections for the first two years. Remember to state your assumptions about the key drivers of cash flow in each scenario)
- Overview of the proposed venture idea and underlying business model
- More detailed explanation of:
- The problem solved;
- How the idea is monetised;
- Financial feasibility ( Cash flow projections for the first two years: and Key Ratios: Break-even point and ROI);
- Operational feasibility; and
- Scope and scalability of the idea for commercialisation.
- What you are seeking from the investor
- What you are offering in return
- Presentation was creative and persuasive
- Presentation demonstrated commercial acumen
This Management Assessment has been solved by our Management experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.