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From Idea to Business ENT4000
September 22nd, 2009 4th tutorial
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Business plan Executive summary Business idea Management team
Market analysis Businessmodel and organization Goals, strategy, and actionplan Financial plan Risk analysis
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Business idea Key questions: What is the problem we are solving?
How are we solving the problem? Unfair advantage? Key contents: Business idea Vision and mission statement (3.1-2) Value proposition (3.3)
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Market analysis Market description Growth and maturity (4.2)
Competitive situation - Six forces (4.2) Regulatory issues - PEST Barriers to entry (4.4)
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Market analysis Define target market and positioning
Who is the most attractive customer? What is the favorable position in the market? Desired marketing mix Product attributes Price levels Place Promotion
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Next exercise PERFORM MARKET ANALYSIS
PREPARE PRESENTATION OF BUSINESS IDEA AND MARKET ANALYSIS >> to (deadline: 6th okt 8 a.m. – present in class)
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