Entrepreneurship & Innovation Project 2024
Week-3: Tuesday, 30th January & Thursday, 1st February
Week-3 of the Entrepreneurship and Innovation Project course will focus Learning Outcomes 1, 2 &3: Introduction to Business Plans; introduction to Financial Statements; and the fundamentals of communicating the process of a creating a business.
EIP Week 3, Lesson 3: Further Understanding Team Work; Rapid Prototypes with Arduino; Business Budgeting Fundamentals; & Introduction to Altman Z-Score for predicting bankruptcy.
Light Introduction to Altman Z-Score for predicting bankruptcy
Further Business Innovation as a Team
Individual Assignment Week-3:
In 200-250 words, students provide their 3rd reflective journal post, based on highlighting their new knowledge from the EIP course, in terms of business planning. They need to reflect on what they are most excited about and most afraid of in the EIP course, so fare (due Thursday of Week-4).
Hardware and Software Labs for Week-3:
Tuesday Lab: Online Course Lecture with Microsoft Teams
Thursday Lab 1: Understanding Data Classification for Market Research with Altman Z-Score 1968 Paper.
Thursday Lab 2: Arduino Introduction - Haptic Buzzers with Pancake Motors and IMU's (compass, gyro, accelerometer, magnetometers).
Key Readings for Week-3:
Disciplined Entrepreneurship, Pages 49-68
Build an End-User Profile
Calculate the Total Addressable Market (TAM) for the Beachhead Market
Development As Freedom, Page 87-145
Poverty as Capability Deprivation
Income Poverty and Capability Poverty
Unemployment and Capability Deprivation
Health and Capability Deprivation
The Historical Role of Women and Capability Deprivation
Markets and Social Opportunity
Interdependence and Public Goods
Soul of a New Machine, Pages 103-139
Reverse Engineering for Success (Chapter 6)
Designing Hardware For Market Launch (Chapter 7)
Edward Altman Z-Score