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ENTR8000 Innovation And Entrepreneurship

tag 0 Download 6 Pages / 1,254 Words tag 03-06-2021
  • Course Code: ENTR8000
  • University: Conestoga College
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  • Country: Canada

Question:

The rest of your assignment will now be based on the idea filled in above.

What industry will your new venture compete in?

What is the size of the industry in dollars? ($)

What is the outlook for the industry – growth, decline or staying the same?

Summarize the possible target markets from your rough work in the table below:

Based on the work you have completed, which market should you target?

Using this market definition AND the geographic area defined in the idea, what is the size of your market?

What direct competition does your venture have?

What indirect competition does your venture have?

What possible substitutes are there for your venture?

How will your new venture make money? What is the revenue model?

What is your pricing strategy and why did you choose this strategy?

WHAT MAKES YOU UNIQUE?

What criteria would a consumer use to evaluate options in your category?  List all criteria here:

Create perceptual maps using this criteria and place all competitors AND your new venture on each one. (Attach these rough maps.)

Based on your analysis of the perceptual maps, how is your venture unique?

What is the best way for you to connect with your target market?

Develop a 2-3 line description that paints an accurate and compelling picture of the new venture concept. It should include: problem, solution, target market, revenue model and unique value proposition.

Complete the template provided on eConestoga for your new venture. (attach the completed template)

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Total 6 pages

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My Assignment Help (2021) Innovation And Entrepreneurship [Online]. Available from: https://myassignmenthelp.com/free-samples/entr8000-innovation-and-entrepreneurship/new-restaurants-in-waterloo-region.html
[Accessed 02 December 2022].

My Assignment Help. 'Innovation And Entrepreneurship' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/entr8000-innovation-and-entrepreneurship/new-restaurants-in-waterloo-region.html> accessed 02 December 2022.

My Assignment Help. Innovation And Entrepreneurship [Internet]. My Assignment Help. 2021 [cited 02 December 2022]. Available from: https://myassignmenthelp.com/free-samples/entr8000-innovation-and-entrepreneurship/new-restaurants-in-waterloo-region.html.


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