1. Introduction This assignment asks you, to develop, write up, and present, a business plan for a recently planned company that is expanding its innovative product range or service and needs access to venture capital to do so. Please read all instructions and requirements carefully2. Learning OutcomesThis assignment allows you to demonstrate progress towards achieving the following Learning Outcomes:ULO3 Develop and present a detailed business plan for new engineering ventures, including; financial, supply chain, development team, marketing and production. ULO4 Analyse the roles of engineers in creating productive, economic, successful venture in a variety of engineering projects. ULO5 Demonstrate evidence of enhanced personal knowledge, skills and competencies relevant to the management of engineering entrepreneurship GLO2 Communication: using oral, written and interpersonal communication to inform, motivate and effect change GLO4 Critical thinking: evaluating information using critical and analytical thinking and judgment GLO5 Problem solving: creating solutions to authentic (real world and ill- defined) problemsYou are encouraged to review other Unit and Graduate Learning Outcomes to discover, and include, additional learning outcomes important to you personally, and which will increase the quality of your submission and end-of-trimester final results.3. WeightingTeam Report: Business Plan Proposal 30% of the Unit’s gradeTeam Presentation: Plan 10% of the Unit’s grade4. Assignment TaskStarting and building your own business can be overwhelming. And while many business owners cringe at the mere mention of drafting a business plan, it is a great exercise to get your business back on track and to plan for future growth. More specifically, it forces you to map out where you are now, where you need to go and most importantly how you plan to get there.After completing your post-graduation at Deakin University, you have planned to set up your own business considering your idea of an existing or novel engineering product or service. For this, you were planning to develop a business plan meeting your business goals through financial and business planning strategies. During the process of your business planning and market research, you identified that some of the potential investors were interested in Engineering oriented business and planning to invest in the booming currentPage 3 of 7School of Engineering: T2-2018 SEB725 – Assignment 3market. To impress the investment community, you have decided to develop a winning business plan to fast access to much-needed venture capital to create a global market with substantial values to your business. Now,Task 1:Develop and submit, a comprehensive Business Plan Report (one team report) on Engineering oriented business that you are working with from the past few weeks…The total length of your team report is to be about 4500 words.Your report can be included with the following sections covering Management, Marketing and Finance details with clear justification and required analysis: Cover Sheet Executive summary or pitching statement (100 words) Business gap based on analysis of customer needs Market research/analysis and validation Purpose of the business Market size, market value and scalability Value proposition of your business idea Marketing strategies and sale Competitors analysis and your competitive advantages Operation and staffing Financial plan, analysis and forecasting results IP plan if there is any Other supporting documentsTask 2:You should give a live presentation of your Business Plan to entrepreneurs along with a group of venture capitalists who have expressed an interest in investing in business ideas … So, you better make it good and pitch it well.Tip: Use the required sections meeting the timeline of the presentation. Show that your Business idea/plans is feasible and see that investors get convinced with your Business plan and invest in your business.The 12-minute presentation will be followed by a Q/A session of 3 minuteNote 1: Distance/cloud student teams need to submit power point slides of their “teampresentation” along with a narrative/commentary or vice overNote 2: Both the tasks are team based.
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