innovation & entrepreneurship opening slide option...

Queens University Belfast

Dr. Barry McCollum www.cs.qub.ac.uk/~B.McCollum/csc4004/index.htm

Innovation & Entrepreneurship CSC4004

Innovation & Entrepreneurship CSC4004

Opening slide option 2

Session Overview

Queens University Belfast Innovation & Entrepreneurship CSC4004

Aim

Objectives

Outline

Benefits

Structure

Assessment

Content

Responsibility

Aim

Work collectively to Develop an innovative IT

solution within a Commercial Framework


Objectives

- Work Effectively as Part of a Team

- Critically Analyse Opportunities and Solution Provision

- Develop Entrepreneurial, Innovation and Presentation Skills

- Understand Practical and Academic Perspectives

- Development of Idea within a Business Context

- Delivery of Prototype Solution



Sponsored by CITI

Citi option 1

Note: Logo is scaleable

Benefits

Understanding Context

Software Planning

Career Development

Team Work

Business Establishment

Understand Strengths

Work with Industrial Experts



Outline Team Meetings

Discussions

Commercial Review

Mentoring

Presentations

Industrial Speakers

Full page image

with copy

Achievements

Outline Business Plan

- Expansion

- 35 page (max length) business plan. Submit week 11

Project plane

- Business Development Plan

- Measurement

Outline Software Development Plan

- Methodology (prototype)

- Delivery (e.g. methodology, timing, testing, team)


Assessment

Understanding


Group Project:

5% 10% 20%

2 page business plan. First draft to submit in week 7, 1st Semester 8 page business plan to submit Monday week 11 1st semester. (Thursday 2nd May) 35 page (max length) business plan. Submit week 11, 2nd Semester (Thursday 2nd May)

Group Portfolio

25%

Solution demo and technical report. 2nd semester. Similar format as Software Engineering Project. (Monday 29th April)

Individual Assessment:

20% 20%

Presentations in class. Development Diary

Personal diary of notes taken of presentations by class colleagues and guests . Summarise and give evaluation of content and delivery. What to imitate, what to avoid. Diary of project meetings, notes, contribution, reflections. What could have done better? What worked well? Hand in end of week 12, 2nd semester.

Development Diary

- Work carried out and individual contribution

- Make notes on minutes of meetings

- Reflect on the roles and responsibilities of the other group

members

- Allows the peer assessment of the System Demonstration

to be validated

- Chance to show their level of research and activity

- Outside speakers

- Case studies



Dragons Den Friday 27th March

Citi option 4

With text

Advice

Regroup Organise

Maximise Team Work

Appreciate Work Load

Focus on Prototype Development



Monday 10th Feb:

Citi Mentor Sessions

Feedback Sessions


Strategy

Where will the business go in the next ten years?

- How far can the business plan ahead?

- How vulnerable are such plans?

- Scenario Analysis

- Strategic intent

provides an outline framework of basic principles and

targets to inform operational planning

- Development Business Strategy


Business Strategy


Corporate Culture

- The beliefs and values shared by people who

work in an organisation

- How people behave with each other

- How people behave with customers/clients

- How people work effectively

- People’s responses to community involvement,

absence, work ethic, etc.

- How the organisation behaves to its employees

– training, professional development, etc.

– involvement in Business Development


Strategic Planning


- Process

- Vision

- Goals

- Aims and Objectives

- Analysis

- Development

- Evaluation

Strategic Planning


- Vision

Communicating where the organisation is going and where it intends to be in the future Allows the business to set goals

- Aims and Objectives

Aims – short / medium / long term target Objectives – the way in which you are going to achieve the aim

Strategic Planning


- Aim:

break into a new overseas market

- Objectives:

- Develop relationships with overseas suppliers

- Identify network of retail outlets

- Conduct market research to identify

consumer needs

What are your Aims?

Short / Medium / Long Term

Strategic Planning


Once the direction is identified:

Analyse position

Develop and introduce strategy

Evaluate:

Analyse


SWOT


Strengths: – identifying existing organisational strengths

Weaknesses: – identifying existing organisational

weaknesses

Opportunities: – what market opportunities might

there be for the organisation to exploit?

Threats: – where might the threats to the future

success come from?

PEST


Political: local, national and international political

developments – how will they affect the organisation

and in what way/s?

Economic: what are the main economic issues –

both nationally and internationally – that might affect

the organisation?

Social: what are the developing social trends that

may impact on how the organisation operates and

what will they mean for future planning?

Technological: changing technology can impact on

competitive advantage very quickly!

PEST


Examples: Growth of China and India as manufacturing centres Concern over treatment of workers and the environment in less developed countries who may be suppliers The future direction of the interest rate, consumer spending, etc. The changing age structure of the population The popularity of ‘fads’ like the Atkins Diet The move towards greater political regulation of business

Required Input


Changing strategy will impact on the resources

needed to carry out the strategy:

Specifically the impact on:

Land – opportunities for acquiring land for

development – green belt, brownfield sites,

planning regulations, etc.

Labour – ease of obtaining the skilled and

unskilled labour required

Capital – the type of capital and the cost of the

capital needed to fulfil the strategy

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