I was asked to come up with a venture design or business idea project(Using a cardboard...

60.1K

Verified Solution

Question

General Management

I was asked to come up with a venture design or business ideaproject(Using a cardboard constraint) for my finals. I came up withan idea to develop/design Window blinds using cardboardinstead of the conventional wood(i.e. a Cardboard WindowBlind). But i'm having difficulty developing this businessidea. I need help in developing this business idea in terms ofidentifying
1. What the ideation process would be like?
2. Who my likely Team members(skill, experience etc.) and targetmarket personas for this product would be? (people who would needthis product and why they care) and why would this idea would be avery good value proposition to them considering other substitutesand alternatives like Wood blinds and curtains.
3. What the products distinctive competency(s) will likelybe?
4. What other important information (not listed above) isrequired for the early stage of this business ideation
Please, i would love for answers to be more explanatory andmoderately detailed(infact, the more detailed, the better).Thanks

Answer & Explanation Solved by verified expert

3.6 Ratings (490 Votes)

Q 1 What the ideation process would be like Answer The initial business idea ie developing Cardboard Window Blind has already been conceptualised now planning has to be done to implement it For this preparation has to be accomplished based on few important objectives like First of all identify the inherent strength to conduct the business which may be more advantageous than prospective competitors in the market The target market volume and competition has to be assessed properly The production process and facilities has to be designed It should cover the entire stages of production from a location of production facility b product designing production process and facility c equipments machinery d manpower to operate to e identifying the suppliers of raw materials The implementation schedule has to be defined Very importantly business financial has to be formulated One have to plan for a initial capital for fixed assets b working capital to run the See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member