چا..R | 10:40..69EHT1.pdfa4• Develop, through independent research, an advanced and integrated understanding of the key concepts ofinnovation, business models, and new ventures in commercial, digital, service, and social contexts. Critically analyse cases of disruptive innovation by applying lean entrepreneurship principles• Critically discuss and reflect on the technical, financial, and organisational constraints for innovative newventures.Graduate Attributes• Knowledge• Cognitive, technical and creative skillsResearch• Ethical and Professional Responsibility2 Idea Generation and Business Model DevelopmentAssessment TypePractical AssessmentTask DescriptionThis is an individual assessment. The objective of this assessment is to learn how to develop your ownbusiness idea, complemented by research and observational insights that detail why it is compelling.You are required to submit a report of your idea including business model canvas (BM), theinterrelationships among the BM components that are essential to its success, critical risks andassumptions, and overall feasibilityLength: 1,500 wordsFormat: Business Report.Business Model Canvas Format: Osterwalder & Pigneur (2010).To achieve a result that meets your study objectives, please ensure the report meets the assessmentcriterion.Assessment Due DateWeek 8 Friday (7 May 2021) 11:45 pm AESTA late penalty @ 5% per day will be appliedReturn Date to StudentsWeek 10 Friday (21 May 2021) 12:00 am AESTThe results will be released in MoodleWeighting30%Assessment Criteria Effective explanation of the customer/market problem that needs solving and or the reason theinnovation is required (15%).Generation of useful idea and customer/client benefits of generated idea to (10%).Brief discussion of the proposed business model for the idea (10%).Brief discussion of the key interrelationships in the BM that will support the success of the idea(15%).Critical success factors to be managed during the execution of the idea (15%).Identification of critical risks and assumptions (10%).Evaluation of the overall feasibility of the idea (15%).Quality of written submission, minimum of 6 peer reviewed journals, and APA referencing format10%).Referencing Style• American Psychological Association 7th Edition (APA 7th edition)SubmissionOnlineLearning Outcomes Assessed• Develop, through independent research, an advanced and integrated understanding of the key concepts ofinnovation, business models, and new ventures in commercial, digital, service, and social contexts• Critically analyse cases of disruptive innovation by applying lean entrepreneurship principles• Generate, evaluate and communicate creative ideas for new ventures to a variety of audier• Research and apply established theories related to ideation processes, business model deforecastingGraduate Attributes• KnowledgeCommunicationCognitive, technical and creative skills
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