Feedback for Business Model Ideas
SEE BELOW TABLE FOR THE THREE TEAMS YOU WILL PROVIDE DETAILED AND RIGOROUS FEEDBACK TO: All teamwork can be accessed now via www(dot)hulted(dot)comLinks to an external site.. There is a search menu on the front page and pulldown menu for both cohorts. You will find a link the Google Feedback form on the bottom of each team page.
Here is the process I suggest you follow:
Review assignment requirements here on MyCourses.
Start by reading each executive summary, reflect on what you have learned, and search for additional market research/ideas that can enhance the problem-solving mix.
You can open the Google Form for each team first to assess the project based on the quantitative part.
After that, could you write down detailed responses to each qualitative question, providing relevant references and advice to take the team to the next level?
Try to be as helpful as possible.
The entire assignment is submitted by completing the Google Form for the three assigned teams; no Mycourses submission is needed.
Object: To demonstrate market research capabilities and constructive feedback provision by applying design thinking principles and innovation concepts to develop environmentally sustainable business solutions. You will create individually a market insights brief with relevant insights for your team project and a provide detailed feedback to three other teams based on their executive summaries.
This assignment encourages students to apply design thinking principles to real-world international green business challenges while fostering market research, critical thinking, and design thinking for innovation skills.
Constructive Feedback
In this peer assessment assignment, you can review and provide constructive feedback on the executive summaries of three other teams' Greener Business Solutions. This assignment is designed to promote collaborative learning and improve the quality and rigor of executive summaries within the Design Thinking for Innovation course context.
After the submission deadline, you will receive a set of executive summaries from other teams for assessment.
Review and assess the executive summaries based on the provided criteria, which build on the team assignment rubric (Problem Identification, Proposed Solution, Market Analysis, Competitive Analysis, and Sustainability Impact).
This peer assessment assignment will help improve the quality of the executive summaries and foster collaboration and peer learning within the Design Thinking for Innovation course.
Feedback for Business Model Ideas
Your Name
Subject and Section
Professor’s Name
October 23, 2023
Team 1 – #JustKitting
Team #JustKitting's proposal for reducing food waste by 50% by 2030 offers a promising solution. Their comprehensive approach targets waste reduction and guides users to make economic decisions. While their focus on specific demographics like small households and young workers is clear, a more profound explanation behind this choice would be beneficial. The app's user-friendly integration with household appliances is a standout feature, though more clarity on recipe suggestions and privacy concerns is needed.
One of the things that I liked the most about their presentation was how they built strategic partnerships. Notably, their emphasis on cost-saving is compelling, but a more detailed discussion on strategic partnerships would strengthen the proposal. The statistical evidence provides a vivid picture of the market potential, but projections on market growth and consumer shifts towards green products could amplify its impact. Their commitment to environmental benefits is evident, but endorsements from sustainability experts would be a value add.
The monetization strategy in the business model is lucid, but outlining potential challenges