Business Idea Feasibility Project F16 - Team Business Idea Feasibility Project Final Report(100 total points Due Dec 8 2016 1 Description of

Business Idea Feasibility Project F16 - Team Business Idea...

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Team Business Idea Feasibility Project Final Report (100 total points) Due Dec 8, 2016 1. Description of Product/Service ( 1 or 2 paragraphs) (5 points) Your product/Service description should include the following elements: A brief description of the product/service, that is, what is it, how will it work, what will the product/service features be, and how will the product/service benefit the consumer? What value does the product provide to customers? Describe how the proposed product/service is unique or different from other products/services on the market. 2. Update the Industry, Competitor, and Target Market sections from the preliminary market assessment. (10 points) 3. Customer Validation of Product Idea and Business Model (20 points) Each team member will need to interview four additional individuals that are potential customers. Interviews should test the product or service as well as components of the initial business model for the idea. Each team member should be assigned various business model components that they will validate with potential customers in their interviews.
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  • Spring '14
  • DavidL.Dahl
  • Management, team member, preliminary business plan, Team Business Idea

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