Demonstrate the use of various creative tools to establish the market validity of the groups chosen innovation

Objectives: ? Create an idea of the groups choice that is innovative, and develop a venture plan that could bring it to market ? Demonstrate the use of various creative tools to establish the market validity of the groups chosen innovation ? Identify the client value proposition and the need in the market for the chosen product ? Establish market segmentation, and channel strategy and marketing approach, to deliver the product/solution to the chosen market ? Develop a financial model for a viable venture Context Innovation, creativity, and entrepreneurship is growing in importance within organisations, as they pursue excellence and growth in a competitive business world. The ability of the contemporary employee or entrepreneur to operationalise an innovation is a highly valued characteristic, in the global market place. The process of developing the Group Venture Plan will provide you with key learnings on how to potentially take an idea from a concept to a globally scalable business. Instructions: You will utilise all relevant theories, models, and ideas covered in the subject, to develop a venture plan that demonstrates an understanding of where and how innovation transitions to entrepreneurship, in a new venture. You should also demonstrate that you understand, and have properly considered, a number of tools and methods for bringing the innovation to market. The plan needs to be comprehensive and compelling in terms of funding and ongoing management. You should also outline a strategy for how a culture of further and ongoing innovation can occur within the new venture. Output and deliverable parameters of the assessment: Content of Venture Plan: a) Title page unit name, assessment name, student name, ID b) Idea title (with one-line tagline) c) Executive summary d) Analysis on possible market gap/opportunity e) Develop value proposition of the innovative product or service f) Marketing and channel strategy approach g) Competitive strategy and positioning h) Financial viability of the venture using break-even, cash flow, and investment needs

Identify and discuss the key steps in the closing process that provide the most opportunity to make mistakes in processing account transactions.

Read and summarize the link to an interesting article we can discuss this week. Enjoy! https://www.entrepreneur.com/article/28443 Identify and discuss the key steps in the closing process that provide the most opportunity to make mistakes in processing account transactions. Why did you select these steps, and what makes them confusing? Make at least two (2) recommendations for improving the accuracy and reliability of the information in the gaps that you have identified. Inventory fraud has become a major problem in our country, especially in manufacturing. Below is the link to a very interesting article regarding this topic. Please feel free to discuss. http://www.berdonllp.com/resources/industry-insights/inventory-fraud-a-costly-loss/

Identify a research problem different from the previous research problems that uses two different sets of the same type of data

Identify a research problem different from the previous research problems that uses two different sets of the same type of data. You may use any business subject (dont use GPA’s of men and women, that is what we did last time). Some examples: Sales from two different months or years. Number of two different shelf items sold (Coke & Pepsi) by month over a year. Home sales prices in different suburbs, cities, counties or states. You wish to determine if there is a significant difference between the means of the data sets. Select data that have absolute zero measurements (Ratio data). You may use recorded data or made up data. The n sample size should be at least 10 in each set, but not more than 29. Prepare a paper with a table of contents. Describe the research problem, research purpose and one research question. Define the variable. Discuss the type of data and determine the level of measurement. List the data. List alpha, the null and alternative hypothesis, and give a brief back ground. Using either Megastats or Analysis ToolPak do descriptive statistics on the data and do data analysis describing the data. Do runs plot graphs. Interpret the Goodness of Fit (GOF) p-value to decide if the data is parametric (normal) or nonparametric. t-test: Open Excel, log in both data sets. Go to Add Ins, or Analysis ToolPak, Hypothesis Tests, Compare Two Independent Groups, (Assuming Equal Variances) left mouse click highlight Group 1 then Group 2, OK. Conclude. Use the I4 sample as a guide. This paper should be between 900-1200 words.
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