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Martin Gannon:
E: martin.gannon@strath.ac.uk
O: DW8.01
Scenario 1
To enhance students business skills and bring in some
revenue for the department for investment in resources, staff
and equipment. The idea has it source in the success of ‘The
Chemistry Clinic’
(https://www.strath.ac.uk/science/chemistry/chemistryclinic/).
Your team has been asked to come up with innovative ideas
to develop, action and market an equivalent centre for SIPBS.
You have been given permission to consider using all the lab
equipment and facilities you have learned about over the last
two semesters. You should use the business, project
management and marketing skills you have been taught
about so far in this class to provide a solid, business-based,
foundation for your idea. Where you use a ‘business tool’ you
should consider ‘why’ that tool and no another one.
Scenario 2
PROFITABILITY
Where to start?
Identified a need/problem…
NEED/PROBLEM
Identified a solution…
SOLUTION
A cost driven idea…
COST DRIVEN
A value driven idea…
VALUE DRIVEN
Customer segments
Price
Design
Brand/ Risk
Status Reduction
Cost
Convenience/
Reduction
Usability
Customer relationships
– Physical
– Financial
– Intellectual
– Human
• Production?
• Problem Solving?
• Platform/Network?
Key partners
• Transactional revenue?
• Recurring revenue?
Now that you’ve completed the business model canvas, you need to
validate your assumptions…