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Mock Final Term Exam Entrepreneurship & Innovation Spring 2020
Mock Final Term Exam Entrepreneurship & Innovation Spring 2020
Mock Final Term Exam Entrepreneurship & Innovation Spring 2020
Q.1. Seeing the power disruptions and a shortage of electricity in the region, you along with your
electrical engineer friend have thought to launch a business to target middle class customer to offer them
small scale affordable solar panels which can fulfil their basic needs during summer. Evaluate the
industry and market attractiveness both at micro and macro level while assessing your team capabilities
assuming you work with the same members of your course final project team. Conduct necessary
analyses in each of the seven domains of Mullin's while using all the appropriate frameworks. (10)
Q.2. Assume that you just invented a new type of device that covert the audio into typed text which is
easily convertible to .doc. You have decided to launch a company to produce the device.
(15 marks)
i. Select a name and tagline for your business while providing a rationale for both.
ii. Assessing various segmentation strategies, which one will you use and why?
iii. How will you select your target market? Define the attributes of your target market.
iv. What value proposition you want your customers to derive from your product?
v. Develop a marketing plan for your business in the following table:
Marketing Plan Element Possible Considerations
Pricing
Product
Promotion
Place
Q.3. Build a Business Model Canvas for the business mentioned in Q.1. Identify the block of the
Business Model Canvas for this company that can help you to gain Competitive Advantage. State your
Assumptions: (10 Marks)