There are two parts in this Assignment.
Question 1 (accounts for 40% of the marks awarded)
Your individual analysis of the process that you followed in arriving at the business model.
Your response to Question 1 should be no more than 800 words in total.
You should provide a detailed description and analysis of the process that you undertook from weeks 1-8. This should include:
• The selection of your chosen sector
• The environmental audit that was undertaken of the sector
• A scenario analysis looking at the changing dynamics of the
sector over the next five years
• The selection of your ideal scenario
• The final selection and description of your Business Model
You are expected to make full use of a range of relevant models to illustrate this process and the rationale for your business model selection. It is expected that you will reference and apply the Ideal Final Result (IFR) model as part of this process.Question 1 (accounts for 40% of the marks awarded)
Your individual analysis of the process that you followed in arriving at the business model.
Your response to Question 1 should be no more than 800 words in total.
You should provide a detailed description and analysis of the process that you undertook from weeks 1-8. This should include:
• The selection of your chosen sector
• The environmental audit that was undertaken of the sector
• A scenario analysis looking at the changing dynamics of the
sector over the next five years
• The selection of your ideal scenario
• The final selection and description of your Business Model
You are expected to make full use of a range of relevant models to illustrate this process and the rationale for your business model selection. It is expected that you will reference and apply the Ideal Final Result (IFR) model as part of this process.
I already completed most of the first question but you should need to complete the final part of question 1 and all Question 2. I’ll upload my document below so that you understand what is needed to be done.
• The selection of your ideal scenario
• The final selection and description of your Business Model
You are expected to make full use of a range of relevant models to illustrate this process and the rationale for your business model selection. It is expected that you will reference and apply the Ideal Final Result (IFR) model as part of this process.
The second part of the assignment is the one that has to be done.
Your critical evaluation of the new business model and its ability to create and deliver the Value Proposition in a competitive market place.
Question 2 should be no more than 1,500 words in total.
• You are required to produce and populate a Business Model Canvas illustrating the Value Proposition (VP) that your business model presents.
• You should identify what you consider to be the Critical Success Factors (CSFs) that must be met to ensure the viability of your Value Proposition as outlined in the Business Model Canvas, and conduct a Risk Analysis to illustrate the impact on the operational viability of the model where it is unlikely that the CSFs will be met.
• Drawing on concepts of competitive strategy, what changes need to be made to the Business Model and Value Proposition to ensure its adoptability by your chosen sector within the next 5 years? In addressing this question you should conduct an analysis of how competitors might react to the business model, and how robust the business model might be in withstanding that competition.
REQUIRED APPENDICES
a) A summary of the essential features of your business model.
b) An application of Osterwalder & Pigneur’s Business Model Canvas.
The above will be unmarked but are an essential requirement of the assessmenYour critical evaluation of the new business model and its ability to create and deliver the Value Proposition in a competitive market place.
Question 2 should be no more than 1,500 words in total.
• You are required to produce and populate a Business Model Canvas illustrating the Value Proposition (VP) that your business model presents.
• You should identify what you consider to be the Critical Success Factors (CSFs) that must be met to ensure the viability of your Value Proposition as outlined in the Business Model Canvas, and conduct a Risk Analysis to illustrate the impact on the operational viability of the model where it is unlikely that the CSFs will be met.
• Drawing on concepts of competitive strategy, what changes need to be made to the Business Model and Value Proposition to ensure its adoptability by your chosen sector within the next 5 years? In addressing this question you should conduct an analysis of how competitors might react to the business model, and how robust the business model might be in withstanding that competition.
REQUIRED APPENDICES
a) A summary of the essential features of your business model.
b) An application of Osterwalder & Pigneur’s Business Model Canvas.
The above will be unmarked but are an essential requirement of the assessmen