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Nguyen Pham My Tin - S3802817 - Reflection
Nguyen Pham My Tin - S3802817 - Reflection
Student ID S3802817
As briefly introduced above, BMC is a standard framework which covers nine building
blocks of a business. It is also similar with VPC as this framework allow planners to understand
the patterns of value creation, leverage the product and avoid wasting time with ideas that are
infeasible (Osterwalder et al. 2014). BMC is a useful tool to describe a business, in order to
support planners to comprehend business operation and weaknesses and generate new ideas for
the business (Muwafak, Mokadem & Abdeldayem 2021). VPC also help our team understand
Happy Flower’s product, how it satisfies customer expectation, to consider if whether the
product focus on customer needs or the marketing messages is appropriate or not (Varga 2020).
Therefore, with the use of BMC and VPC, our team able to have overall understandings of the
Happy Flower, immediately noticing the innovative requirements for the business, propose the
promotion of new segment through online platforms to meets the owner’s vision. This canvas
provides concrete foundation for the project to stay on the right direction, to unite the members’
opinions and logically decide which steps the team should make next. Therefore, the HMW
statement can be successfully established, and the hypotheses can be accurately determined.
Test cards and learning card for testing hypothesis
It is suggested that business experiments should have clear purposes, simple and practical
enough so that people conducted in the experiments could agree upon so that the most accurate
results can be extracted (Thomke & Manzi 2014). Furthermore, it is advised that business
experiments should focus on individuals and each person response, so that the most specific and
accurate behavior and perceptions of customers are noticed (Anderson & Simester 2011).
However, this means reports should be catered for each responder with clarified objectives,
methods and requirements that are clear to testers. Test cards and learning cards are made for
each respondent, with clear hypothesis, metrics and criteria for each team member know what
they are looking for and simple designs so that team member can determine which behavior is
most relevant to come up with next decisions. These are a good form of experiment management
that helps our project to reduce risks or miscommunication, standardize the testing procedures,
extracting most important results and removing insignificant or unsuitable responses so that the
accuracy is ensured.
While all the hypotheses tested generated decent results for the recommendations, some
changes are needed during the process which caused the timeline to be delayed and fixed. This
experience showed me that it is vital to always have back-up plans for testing methods. As
suggested, it is better to run multiple experiments for one hypothesis to genuinely validate the
accuracy of results (Bland 2020). Besides, having multiple experiments for one hypothesis can
act as backup plans if the main testing method failed or cannot be implemented, which is exactly
what we faced during the project. During the testing process, we come up with many testing
methods that require lots of Facebook tools and agreements from the Happy Flower staff.
However, we soon discover that using these tools are very expensive and the budget for these
tools will be paid by the owner, which may cause burden and conflicts with the client. In the
future projects, I learned that for each hypothesis testing method, we should have another backup
method in case that less relied on other parties.
Bland & Osterwalder (2020) recommended that all experiments should not be done
parallel, and one experiment should only be finished before conducting the next one, especially
in small groups. Due to restriction in time and number of hypotheses need to be tested, our team
are forced to separate teams and perform multiple tests. Consequently, the results generated
could have been better. In the future, it is important to conduct experiment earlier with more
members and longer timeline so that all members can contribute their talents and efforts in one
hypothesis only.
IV. Conclusion
Project-based learning is very beneficial for students as it helps them to be more
confident and improve many entrepreneurial skills for their future career. This project has helped
me to sharping my skillset along with enrich me with new knowledges. New insights for
teamworking and theories and tools are useful for later project management skills and career
development in the future. However, some minor alterations including planning backup methods,
having experiments less relied on external involvements and conducting each experiment
separately could improve future projects and how I should apply these knowledges to sharpen
my entrepreneurial pathway that I chose.
V. References
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to Engage Students in Learning’, SAGE open, vol. 10, no. 3, pp. 1-15, accessed 22 August 2022,
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Muwafak, BM, Mokadem, W & Abdeldayem, MM 2021, ‘Business Model Canvas (BMC) as a
tool of Planning and Implementing: Entrepreneurial Projects: A Case Study of GOOGLE
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https://www.globalscientificjournal.com/researchpaper/Business_Model_Canvas_BMC_as_a_to
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Wiley & Sons, New Jersey.
Prada, DE, Mareque, M & Pino-Juste, M 2022, ‘Teamwork skills in higher education: is
university training contributing to their mastery?’, De Prada et al. Psicologia: Reflexão e Crítica,
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Thomke, S & Manzi, J 2014, ‘The Discipline of Business Experimentation’, Harvard Business
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experimentation
Varga, D (8 October 2020), ‘How to Use Value Proposition Canvas: The Definitive Guide’,
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