EIP: Week-3

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.

Week-3 Summary

Key Themes for Week-3:

• Key Aspects of Business Plans 

• Business Budgeting Fundamentals

• 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:

1. Disciplined Entrepreneurship, Pages 49-68

   1. Build an End-User Profile

   2. Calculate the Total Addressable Market (TAM) for the Beachhead Market

       

2. Development As Freedom, Page 87-145

   1. Poverty as Capability Deprivation

   2. Income Poverty and Capability Poverty

   3. Unemployment and Capability Deprivation

   4. Health and Capability Deprivation

   5. The Historical Role of Women and Capability Deprivation

   6. Markets and Social Opportunity

   7. Interdependence and Public Goods

       

3. Soul of a New Machine, Pages 103-139

   1. Reverse Engineering for Success (Chapter 6)

   2. Designing Hardware For Market Launch (Chapter 7)

       

4. Edward Altman Z-Score

   1. Financial ratios, discriminant analysis and the prediction of corporate bankruptcy, by Edward I. Altman, 1968.