ADM 3313 Lecture Notes - Lecture 1: Value Proposition, Business Process Modeling, Airbnb
11 Feb 2017
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If your current idea doesn"t look to evolve it sufficiently such that it does. The best business ideas satisfy most (or all) conditions. Generate as many potential business ideas as you can. Look to combine ideas, eliminate and make existing ideas as good as possible. Prepare to discuss why this is the best idea. Do you have some advantage: market. What does the competitive landscape look like: don"t ever say that there"s no competition: there may be indirect competitors rather then direct. Adm3313 in class notes: any big issues. Any big logistical issues: local production, marketing, etc. What risks: economic, political, etc: military. Using your best idea consider and record your thoughts related to the main. Continue learning about characteristics of entrepreneurs and specifically skill sets. Understand the fundamentals of the ideation process. Be introduced to business modeling to address opportunities. Forces getting out of the building to talk with clients. Assume full knowledge of the market, solution and customers.
