- Due on May
- It includes 2 parts:.
Part 1: Writen Report you hand it in and made up of the following;
1- It should show the technology you choose and HOW it is going to impact your general idea
(your business, your enterprise or work place, your community, the general human kind)
2- Talk about the general business model (how your idea is going to work/operate and how it
is going to make money??) how you're going to get your supplies??
3- Talk about the market you're going to serve (know who you're going to serve) and talk about your
customers or benificiaries of your project.
4- What is your advertising strategy? meaning how people're going to know about
your business or website??? use your skills and tools you've learned from your marketing class.
Part 2, the Presentation:
You have 7 minutes to present your findings and project idea to your class mates, so
briefly describe your work in no more that 6 power point presentation slides.
What is a Business Model??
n A business model
(also called a business design) is the mechanism by which a business intends to generate revenue and profits.
n A framework that relates the different forms of a product line approach to
an organization's business context and strategy
A business model is the method of doing
business by which a company can sustain itself, that is, generate revenue. The business model spells-out how a company makes
money. A company produces goods or services and sells them to customers. If all goes well, the revenues from sales exceed
the cost of doing business and the company makes a profit.