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ENTREP-Q2-WEEK-3-4-5.pptx
- 2. EXPECTED LEARNING OUTCOMES 1. Define product prototype. 2. Cite the steps to build your product’s first prototype. 3. Appreciate the fundamental reasons for using prototype.
- 3. PRODUCT PROTOTYPE a prototype is an early sample, model, or release of a product built to test a concept or process materialization – a process of creating a prototype, is the step between the formalization and the evaluation of an idea
- 5. 4 STEPS TO BUILD YOUR PRODUCT’S FIRST PROTOTYPE 1. Create a Concept Sketch 2. Develop a Virtual Prototype 3. Build a Physical Prototype 4. Locate a Manufacturer
- 6. 4 STEPS TO BUILD YOUR PRODUCT’S FIRST PROTOTYPE 1. Create a Concept Sketch The first step toward turning your idea into reality is jotting it down on paper. Draw your idea to help you visualize your prototype in greater details. While it is possible to use a digital drawing program for this step, it may be more efficient to start on paper first.
- 7. 4 STEPS TO BUILD YOUR PRODUCT’S FIRST PROTOTYPE 2. Develop a Virtual Prototype A standard digital design tool used by engineers and other professionals is AutoCAD, which enables them to make both 2- D and 3-D renderings A 3-D rendering let you rotate and animate your virtual sketch, so you can visualize it from all angles
- 8. 4 STEPS TO BUILD YOUR PRODUCT’S FIRST PROTOTYPE 3. Build a Physical Prototype Once you have a virtual prototype, you’re ready to build a physical prototype You can build one for yourself or seek help from a professional prototype designer
- 9. 4 STEPS TO BUILD YOUR PRODUCT’S FIRST PROTOTYPE 4. Locate a Manufacturer Locate a manufacturer that can make your product at a profitable price Once you have a working prototype, you’re technically ready to apply for a patent
- 10. FUNDAMENTAL REASONS FOR USING PROTOTYPING BEFORE CREATING A LAYOUT The prototype gives the customer a complete idea of how the product will look like as the final output. Prototyping allows you to streamline the design development process, focusing on important interface elements. At the prototyping stage, it is possible to identify unnecessary elements that are best to be removed. This process significantly reduces the workload of the designer in developing the final output, and thus saves the customer’s money. Having a prototype in hand, the designer and customer more clearly represent the final output. Prototype development involves customers’ feedback or suggestion, contributes to more productive work, process consistency.
- 14. LESSON 3-4 – TASK PERFORMANCE
- 16. EXPECTED LEARNING OUTCOMES 1. Define Business model 2. Identify the part of business model canvas 3. Appreciate the importance of business model canvas
- 17. BUSINESS MODEL designed for the successful operation of a business, identifying revenue sources, customer based, products, and details of financing
- 18. BUSINESS MODEL CANVAS Business Model Canvas - a strategic management and lean start up template for developing new or documenting existing business models a visual chart with elements describing a firm's or product's value proposition, infrastructure, customers, and finances
- 19. PARTS OF THE BUSINESS MODEL Value Proposition Customer Segments Channels Customer Relationships Revenue Model Partners Resources, Activities, Costs
- 20. PARTS OF THE BUSINESS MODEL Value Proposition What game challenge are you building, to whom, and what problem does it solve? Get out of the building Learn what pains and gains the customer has Your solution solves a major customer problem/need
- 21. PARTS OF THE BUSINESS MODEL Customer Segments Who are your customers and why would they buy? Is the buyer the user?
- 22. PARTS OF THE BUSINESS MODEL Channels How to reach your customers How does the product/service get to the customer? Determine distribution channel (virtual or physical)
- 23. PARTS OF THE BUSINESS MODEL Customer Relationships How do you get, keep, and grow customers?
- 24. PARTS OF THE BUSINESS MODEL Revenue Model How does the company make money from each customer segment? Pricing For what Value is the customer paying?
- 25. PARTS OF THE BUSINESS MODEL Partners Who are the key partners and suppliers needed to make the business model work? Key partners What key activities do they perform? Key suppliers What are we buying from them?
- 26. PARTS OF THE BUSINESS MODEL Resources, Activities, Costs What are the most important assets required to make the business model work? a. Physical: machines, vehicles b. Financial: raising money, credit c. Human: programmers, designers, managers What are the costs to operate the business model? a. Fixed: rent, machinery b. Variable: wages, utilities, materials
- 27. BUSINESS MODEL CANVAS - EXAMPLE
- 28. BUSINESS MODEL CANVAS - EXAMPLE
- 29. IMPORTANCE OF BUSINESS MODEL The Business Model Bridges Idea and Action It Answers the Question of Why a Venture Will Be Viable and Valuable Business Models Relate to Business Strategy as Logic Relates to The Algorithm
- 30. LESSON 5 – ACTIVITY
Hinweis der Redaktion
- It is a term used in a variety of contexts, including semantics, designs, electronics, and software programming.
- It is a term used in a variety of contexts, including semantics, designs, electronics, and software programming.
- At some point it’s going to be invaluable to create a digital sketch of your idea. If you’re not skilled with computer drawing and rendering tools, professional graphic designers or prototype designers can assist you with this step.
- If your idea is going to be profitable, you need to build it at a cost that is low enough that you can cover expenses without cutting too far into your revenue.
- There is no standard model that will exactly fit all types of business because they have different strengths and weaknesses, infrastructures, networks, and value propositions.
- Much can be learned about a business by analyzing its business models. There are several different techniques for business model analysis—techniques appropriate for different business situations
- There is no standard model that will exactly fit all types of business because they have different strengths and weaknesses, infrastructures, networks, and value propositions.
- The business model must basically reflect certain innovations that will indicate the competitiveness of the business in the industry. It must define how business gives importance to its relations with customers, creditors, suppliers, and internal human resources. A business model plays a vital role in the success of any company, as it explains how that business will earn revenue. For entrepreneurs, a business model aids in acquiring investors and establishing partnerships. The Business Model Bridges Idea and Action. A business model aims at creating value. While it also includes how that value will be captured by the firm, a business strategy focuses on building a sustainable competitive advantage. It Answers the Question of Why a Venture Will Be Viable and Valuable. The Business Model Canvas breaks your business model down into easily-understandable segments. By digging into these elements of your company, you can recognize and act on areas that can be improved. It also reveals clear paths on which to build your organizational innovation strategy. Business Models Relate to Business Strategy as Logic Relates to The Algorithm. The Business Model Canvas offers a concise tool for thinking through the business and keeping the key points highly visible to you, your team and your other stakeholders.