Assessment 3: Group Presentation of the Best Idea,

Scope: 

This is a group assignment which builds on the work completed in Assessment 2. It allows your group/team to showcase the business idea identified by you all as the “best one” during workshops earlier in the unit. The objective of Assessment 3 is to hone students’ business concept development and presentation skills, including give students a realistic sense of what is involved when explaining and selling an idea for a new business venture. It should allow students to appreciate that investors take the investment process seriously and will not commit to a project without scrutinising it carefully first.

While working on Assessment 2, your group/team should have identified an innovative business idea that has a good chance, in fact the best chance, of getting a high proportion of a potential investment, assumed to be around $100k. Your group/team will be required to present that business idea via Powerpoint. All members of the group/team must take part in the presentation.

In summary, there are two parts to Assessment 3: One involves everyone in the team presenting via Powerpoint ideas and arguments that explain and sell the business idea. The other involves the group/team presenting and/or submitting (as is appropriate) three portolio items plus the team charter jointly.

The following describes the requirements for the group presentation:

THE BID OR PITCH AND THE GROUP/TEAM POWERPOINT PRESENTATION

  • Make a 1-2 minute pitch, which pithily describes the most important and persuasive aspects of the business concept and the business model to be realised
  • Each team member talks for around four to five minutes (no more than five minutes) about the business concept and business model to be realised
  • Where appropriate the items from the portfolio of materials are showcased
  • The main presentation should be effectively structured and include the following:
    • Comprehensive description of the proposed business, including the product/service(s) that will be made available to customers
    • A high level discussion of the business case, including 1) the problem solved, 2) the benefits of the proposed business model, 3) outline of the initial strategy for establishing and growing the business, 4) options analysis, and 5) delivery approach (NPV analysis is not necessary)
    • Business model components of the business concept, using the Business Model Canvass approach
    • Summary of the key points

 

 

 

The following describes what MUST be submitted by the group/team:

PORTFOLIO OF MATERIALS AND THE TEAM CHARTER

The group/team MUST submit three of the following as part of a portfolio of materials in support of the business idea presented by the group/team:

  • description of the innovation process to be used
  • cashflow projections, including profit & loss, balanced sheet estimates for the first two years
  • short videos or animated Powerpoint communications that are focussed on explaining and selling the business to potential investors and customers
  • a draft website (maximum 6 pages) that is focussed on explaining and selling the business to potential investors and customers
  • an example of a blog or newsletter or other such communication that is focussed on explaining and selling the business to potential investors and customers
  • a 2 page plan/outline (A4, 1.5 spacing) that explains how social media will be used
  • a related application software
  • a short brochure in pdf
  • a prototype of the product
  • a schematic or simulation or other such representation of the planned service offering
  • another such item that positively demonstrates some aspect of the product/service you want to develop and which will persuade investors to fund your project.

It is also mandatory that the group/team completes a team charter and submits this with the copy of slides and porfolio of materials, as follows:

  • A team charter of no more than 500 words, which contains a description of the following information:
    • The team’s objectives (eg. learn how to workshop ideas, get distinctions or above, etc.)
    • Communication methods (eg. meet twice a week, conference video calls, etc.)
    • Meetings/protocols, including how minutes or actions will be documented
    • Task allocations (eg. who will be working on what, who will be the first speaker during presentations, etc.)
    • Conflict resolution methods (eg. team leader appointed and resolves, toss a coin, ask the lecturer for advice, etc.)
    • Quality assurance methods (eg. who proofreads, who reviews final submission, how often is the presentation rehearsed in advance, etc.)

 

Possible Sol:

v    The team’s objectives

This team has been assembled to explore and complete MGMT20143 THINK BIG assignment, which is part of our course. The primary objective entails understanding as well as mastering the course materials needed for the completion of the project. Further, the team seeks to put into practice the lessons learnt in class before the end of the learning period. The team is committed to working in harmony, monitoring the effectiveness of the process, learning from one another and handling various issues collectively. Such collaboration will play an important role in guaranteeing that we get distinctions or above in our grades.

v    Team Process Management

Team Meetings

The team will commence each meeting using the SPACER (Safety, Purpose, Agenda, Code of Conduct, Expectations) methodology.

·         Safety: the team will familiarize with safety measures that ought to be considered in the event of an emergency.

·         Meeting purpose: the team will identify and agree on the purpose of the meeting as well as its deliverables.

·         Agenda: the team will generate and agree on the agendas to be discussed during the meeting. Further, time will be allocated per item respectively.

·         Code of conduct: the team is expected to maintain the agreed behavior and approach to various issues including timely arrival, sticking to the agenda, 3 knock rule for any team member deviating from the agenda, one person speaks at a time, and no sidebars.

·         Expectations: the expectation intensities will be established at the beginning of each meeting.

Further, the agendas agreed upon in the meeting will be recorded as minutes for the purpose of efficiency in managing the project as well as monitoring and evaluating the project. The Minutes of the meetings will be written by Navdeep Singh whereas all meetings will be chaired by Asish Sapkota.

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