Module-1 : Business Ideation
We will facilitate a collaborative environment for young entrepreneurs and business stakeholders to foster a culture of innovation, Design Thinking & critically evaluate them with blue ocean strategies.
“Test & Trail in a business venture is too costly and time-consuming – systematic thinking helps you to get the right things done”.
Deliverables: Mind map of your concept for business venture & feedback from the mentor.
A. Empathize: Uncovering the customer pain points & touch points.
B. Define the solution
C. Ideate: Mind mapping ideas and processes. Apply and critically appraise the blue ocean strategy.
D. Prototype: A mock-up of your business idea and solution.
E. Test if the prototype works in a simulation.
F. Qualitative & Quantitative feasibility study.
Module 2 : Firm Types & Business setup process Choosing the right firm type can have a short-term and long-term impact on the way how you serve the market with your products or services. It is vital to understand the scope of services involved, the articles of association, and the partner’s involvement. Let’s critically evaluate the Pros and Cons of venture capital and partnership models.
Deliverables: Design the scope of service, Firm type & Articles of association.
1. Defining the right scope of service based on inputs from design thinking
2. Firm types and their pros and cons
3. Formulate the investment strategies
4. Formulating the partnership strategies
5. Drafting the key business formation documents
Module 3: Digital transformation for Business management
In this section, Practicum activities may take the form of action-based learning opportunities such as implementing your business ideas into action with various ready-to-go business tools such as website development, e-commerce store development, administration of the process, staff, and business operations.
The important step is not just to learn the tools, But to define the business process and map the tools with the digital transformation drivers.
1. Learn how to subscribe, Implement & administer the digital transformation tools for managing the business.