Queens University Belfast Dr. Barry McCollum www.cs.qub.ac.uk/~B.McCollum/csc4004/index.htm Innovation & Entrepreneurship CSC4004 Innovation & Entrepreneurship CSC4004
Queens University Belfast
Dr. Barry McCollum www.cs.qub.ac.uk/~B.McCollum/csc4004/index.htm
Innovation & Entrepreneurship CSC4004
Innovation & Entrepreneurship CSC4004
Opening slide option 2
Session Overview
Queens University Belfast Innovation & Entrepreneurship CSC4004
Aim
Objectives
Outline
Benefits
Structure
Assessment
Content
Responsibility
Aim
Work collectively to Develop an innovative IT
solution within a Commercial Framework
Queens University Belfast Innovation & Entrepreneurship CSC4004
Objectives
- Work Effectively as Part of a Team
- Critically Analyse Opportunities and Solution Provision
- Develop Entrepreneurial, Innovation and Presentation Skills
- Understand Practical and Academic Perspectives
- Development of Idea within a Business Context
- Delivery of Prototype Solution
Queens University Belfast Innovation & Entrepreneurship CSC4004
Queens University Belfast Innovation & Entrepreneurship CSC4004
Sponsored by CITI
Citi option 1
Note: Logo is scaleable
Benefits
Understanding Context
Software Planning
Career Development
Team Work
Business Establishment
Understand Strengths
Work with Industrial Experts
Queens University Belfast Innovation & Entrepreneurship CSC4004
Queens University Belfast Innovation & Entrepreneurship CSC4004
Outline Team Meetings
Discussions
Commercial Review
Mentoring
Presentations
Industrial Speakers
Full page image
with copy
Achievements
Outline Business Plan
- Expansion
- 35 page (max length) business plan. Submit week 11
Project plane
- Business Development Plan
- Measurement
Outline Software Development Plan
- Methodology (prototype)
- Delivery (e.g. methodology, timing, testing, team)
Queens University Belfast Innovation & Entrepreneurship CSC4004
Assessment
Understanding
Queens University Belfast Innovation & Entrepreneurship CSC4004
Group Project:
5% 10% 20%
2 page business plan. First draft to submit in week 7, 1st Semester 8 page business plan to submit Monday week 11 1st semester. (Thursday 2nd May) 35 page (max length) business plan. Submit week 11, 2nd Semester (Thursday 2nd May)
Group Portfolio
25%
Solution demo and technical report. 2nd semester. Similar format as Software Engineering Project. (Monday 29th April)
Individual Assessment:
20% 20%
Presentations in class. Development Diary
Personal diary of notes taken of presentations by class colleagues and guests . Summarise and give evaluation of content and delivery. What to imitate, what to avoid. Diary of project meetings, notes, contribution, reflections. What could have done better? What worked well? Hand in end of week 12, 2nd semester.
Development Diary
- Work carried out and individual contribution
- Make notes on minutes of meetings
- Reflect on the roles and responsibilities of the other group
members
- Allows the peer assessment of the System Demonstration
to be validated
- Chance to show their level of research and activity
- Outside speakers
- Case studies
Queens University Belfast Innovation & Entrepreneurship CSC4004
Queens University Belfast Innovation & Entrepreneurship CSC4004
Dragons Den Friday 27th March
Citi option 4
With text
Advice
Regroup Organise
Maximise Team Work
Appreciate Work Load
Focus on Prototype Development
Queens University Belfast Innovation & Entrepreneurship CSC4004
Queens University Belfast Innovation & Entrepreneurship CSC4004
Monday 10th Feb:
Citi Mentor Sessions
Feedback Sessions
Queens University Belfast Innovation & Entrepreneurship CSC4004
Strategy
Where will the business go in the next ten years?
- How far can the business plan ahead?
- How vulnerable are such plans?
- Scenario Analysis
- Strategic intent
provides an outline framework of basic principles and
targets to inform operational planning
- Development Business Strategy
Queens University Belfast Innovation & Entrepreneurship CSC4004
Business Strategy
Queens University Belfast Innovation & Entrepreneurship CSC4004
Corporate Culture
- The beliefs and values shared by people who
work in an organisation
- How people behave with each other
- How people behave with customers/clients
- How people work effectively
- People’s responses to community involvement,
absence, work ethic, etc.
- How the organisation behaves to its employees
– training, professional development, etc.
– involvement in Business Development
Queens University Belfast Innovation & Entrepreneurship CSC4004
Strategic Planning
Queens University Belfast Innovation & Entrepreneurship CSC4004
- Process
- Vision
- Goals
- Aims and Objectives
- Analysis
- Development
- Evaluation
Strategic Planning
Queens University Belfast Innovation & Entrepreneurship CSC4004
- Vision
Communicating where the organisation is going and where it intends to be in the future Allows the business to set goals
- Aims and Objectives
Aims – short / medium / long term target Objectives – the way in which you are going to achieve the aim
Strategic Planning
Queens University Belfast Innovation & Entrepreneurship CSC4004
- Aim:
break into a new overseas market
- Objectives:
- Develop relationships with overseas suppliers
- Identify network of retail outlets
- Conduct market research to identify
consumer needs
What are your Aims?
Short / Medium / Long Term
Strategic Planning
Queens University Belfast Innovation & Entrepreneurship CSC4004
Once the direction is identified:
Analyse position
Develop and introduce strategy
Evaluate:
Analyse
Queens University Belfast Innovation & Entrepreneurship CSC4004
SWOT
Queens University Belfast Innovation & Entrepreneurship CSC4004
Strengths: – identifying existing organisational strengths
Weaknesses: – identifying existing organisational
weaknesses
Opportunities: – what market opportunities might
there be for the organisation to exploit?
Threats: – where might the threats to the future
success come from?
PEST
Queens University Belfast Innovation & Entrepreneurship CSC4004
Political: local, national and international political
developments – how will they affect the organisation
and in what way/s?
Economic: what are the main economic issues –
both nationally and internationally – that might affect
the organisation?
Social: what are the developing social trends that
may impact on how the organisation operates and
what will they mean for future planning?
Technological: changing technology can impact on
competitive advantage very quickly!
PEST
Queens University Belfast Innovation & Entrepreneurship CSC4004
Examples: Growth of China and India as manufacturing centres Concern over treatment of workers and the environment in less developed countries who may be suppliers The future direction of the interest rate, consumer spending, etc. The changing age structure of the population The popularity of ‘fads’ like the Atkins Diet The move towards greater political regulation of business
Required Input
Queens University Belfast Innovation & Entrepreneurship CSC4004
Changing strategy will impact on the resources
needed to carry out the strategy:
Specifically the impact on:
Land – opportunities for acquiring land for
development – green belt, brownfield sites,
planning regulations, etc.
Labour – ease of obtaining the skilled and
unskilled labour required
Capital – the type of capital and the cost of the
capital needed to fulfil the strategy