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  • BMCG Judgingcriteria 2020-02-03 1

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    Jaswanth Naidu
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    The judging criteria for the Business Model Competition Global evaluates teams on whether they mapped out their validation journey using a canvas, identified and focused on testing hypotheses with the most risk around desirability, feasibility, and viability of their business, designed and ran experiments to test these risky hypotheses, made appropriate changes to their model based on the results, articulated a plan for next steps in validating their model, and focused on solving a significant problem.

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    The judging criteria for the Business Model Competition Global evaluates teams on whether they mapped out their validation journey using a canvas, identified and focused on testing hypotheses with the most risk around desirability, feasibility, and viability of their business, designed and ran experiments to test these risky hypotheses, made appropriate changes to their model based on the results, articulated a plan for next steps in validating their model, and focused on solving a significant problem.

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    8 views2 pages

    BMCG Judgingcriteria 2020-02-03 1

    Uploaded by

    Jaswanth Naidu
    The judging criteria for the Business Model Competition Global evaluates teams on whether they mapped out their validation journey using a canvas, identified and focused on testing hypotheses with the most risk around desirability, feasibility, and viability of their business, designed and ran experiments to test these risky hypotheses, made appropriate changes to their model based on the results, articulated a plan for next steps in validating their model, and focused on solving a significant problem.

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    JUDGING CRITERIA

    Each round of the Business Model Competition Global is judged using the following
    questions:

    1. Did the team use a canvas to map out their validation journey?

    2. Did the team identify and focus on the hypotheses with the most risk or uncertainty,
    those that could kill their business, in the following areas:

    a. Desirability (do people want the product/service?)


    b. Feasibility (can we build the product/service?
    c. Viability (can we make a profit?)

    3. Did the team design and run appropriate experiments to test and validate the
    hypotheses with the greatest risk or uncertainty, those that could kill their business, in
    the following areas:

    a. Desirability (unique value proposition)


    b. Feasibility (MVP/prototype)
    c. Viability (pricing)

    4. Throughout their validation journey, did the team make appropriate course
    corrections (iterations or pivots) based on the evidence found and insights gained?  

    5. Did the team articulate a clear set of next actions in their validation journey and
    share a feasible plan to get there? 

    6. Is the team solving a significant problem (defined in terms of money or impact)?

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