ADM 3313 Lecture Notes - Lecture 10: Business Model Canvas, Harvard Business Review, Venture Capital

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Your business model through a series of presentations and feedback. Understand and apply the process of (cid:498)ideation(cid:499) within venture creation. *there can be substantial capital gain in reselling. Charity: revenue mainly from sponsorships, grants, donations + activities based solely on social/environmental mission. Social enterprise: revenue from the sales of goods/services to benefit social/env goal + main goal is to be financial sustainable. Csr: corporate social responsibility social/env projects taken only if company can afford to do so. Personal changes/opportunity job loss, motherhood, injury, unemployment. Planned strategy: preparation, incubation, insight, evaluation, elaboration. Effectuation process: determination of acceptable loss, forging alliances and collaboration, exploitation of contingencies (control the unpredictable future) Understand (cid:498)business modeling(cid:499) including validation of ideas through customer discovery (e. g. , experiential-based group/team learning) Lecture 2: the )nnovator"s dna harvard study. Five (cid:498)discovery skills(cid:499) separate true innovators from the rest of us.

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