Entrepreneuship.
1. Discuss how human-centered design assists with the development of your business model.
2. Describe the key items management will likely seek answers for in your specific model. Why would management need to focus on those elements?
3. Choose a service or product currently in development. You may choose your own product or service for this discussion. Describe the prototype developed for that service or product.
4.How might a business learn about a proposed process improvement through a prototyping activity? What is the fundamental purpose of a prototype? Provide a specific example.
5. Describe the purchasing behavior of your target customer; why are they purchasing your product, how do they make a purchasing decision, etc.? How would you facilitate communications with your potential customers? Why is it important to understand the beliefs and behaviors of a targeted customer?
6.What is the least expensive and fastest way to test your product or service with targeted customers? Provide a brief summary of a smoke test plan.
7.Describe a benefit of developing a pro forma financial statement. Explain why this benefit would be helpful in a business.
8.An entrepreneur develops a new business and bears the financial risks and benefits. Besides financial returns, what other responsibilities does the entrepreneur have? Besides investors, what other stakeholders does the entrepreneur have to be mindful of?