I need you to write a report for fundamental of innovation & entrepreneurship
Opportunity Analysis project
The Opportunity Analysis Project (OAP) allows students to leverage the many tools that they have learned so far in the course. By Session 11A/11B, study teams will develop a 3-page “story” and narrative regarding the OAP. During this session, student team should pick an idea and use the time in class to determine whether or not their idea is a true opportunity that can be turned into a scalable enterprise. You will make a presentation to your peers and develop a corresponding written report on your analysis and learning from contacting users, custom.
1. Generating Ideas (10%)
In formulating your creative and innovative concept, apply at least two of the Tools & Techniques to actively generate ideas (Brainstorming, Analogy, Attribute Analysis, Gap Analysis, and Why-Why-Why Analysis). Present your findings and outputs from this activity (in an appendix if necessary) and analyse these findings and outputs in the body of the report.
2. Approach to Innovation (10%)
Based on the idea generation outputs and findings, develop a proposal for how you would like to innovate the product, service, or process. Detail which aspects of the product, service, or process you propose to change and why. (Specify the ‘Type of Innovation’; add images, sketches, diagrams, or graphs to illustrate your point). Describe how your proposed innovation would change the application (function / benefit / uses / users, etc.) of the product, service, or process.