Topic: 

IES3 Business idea testing and Technical Report

2 pages + well-structured + cited references.  Description this is a team report. Therefore you must do the following:  Carry out Business Idea Testing (Weighting = 20%) Business idea testing and validation  as  appropriate range of testing methods appropriate for the specific context demonstrates  . Consequently you’re going to  carry out the  testing with skill. Explicitly state priority assumptions and hypotheses and custom experiments that have the design to test their validity. In addition test key aspects of the business idea , like product desirability, financial viability and technical feasibility. Conduct the experiments objectively  and then assess the results  against metrics with a clear definition. Draw insightful conclusions  which will visibly inform the business model. Good examples of this would be to identify a suitable market segment and quantify its potential or, a competitor analysis that looks beyond direct or indirect competitors that can satisfy customer needs through alternative value propositions.

Further Description

Business Model (Weighting = 10%) Demonstrates very clear thought and logic regarding choice of a plausible business model that will turn the idea into a viable and sustainable business. Identify key customer segments which clearly shows how to develop  and build product awareness  and relationships with customers. The most strategic activities to deliver the proposition are identified in creating / producing / manufacturing the product as well as key partners to achieve this. The report is able to show the proposition is viable. Report Summary The report constitutes 60% of the marks available Should, in essence, present in written form the business opportunity, your proposed idea, business idea testing, business model and proposed technical solution. Finally the main body of your report should be limited to 5000 words. (+500 word tolerance)

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