Business Model

Description

Flashcards on Business Model , created by Diana Mousa on 15/09/2019.
Diana Mousa
Flashcards by Diana Mousa, updated more than 1 year ago
Diana Mousa
Created by Diana Mousa over 4 years ago
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Resource summary

Question Answer
Business Model A plan for a successful operation of a business identifying source of revenue, the intended customer base, products and details of financing
What is a design brief? A detailed written description that outlines the aims , objectives and constraints of any design or engineering problem to be presented to the designer or engineer
1. Aims and objectives of the new design 2.Budget and Schedule 3.Target audience 4.Available materials / Required materials 5.Style and theme
Show evidence of understanding the aim , objectives, constraints of the project. Areas which require solutions should be identified
Stage 3: Research and investigations Show the investigation that has been completed. The investigation should display your understanding of the brief. You can use images, notes, and sketches. Avoid having just a collection of information gathered from the inetnet.
Methods of Research Primary Research Secondary Research
Where can I look for inspiration? Nature:
Architecture
Design Movements Art Nouveau
Stage 4: Finding Possible Solutions Using the information gathered, You Sketch possible solutions, You must sketch a design that satisfies the breif
Stage 5: Final Solution Have one final design solution that best fits the brief must be chosen . This solution may be based on one of the possible solutions or a mixture of possible solutions, it is really important to state the reasons for choosing one solution over another.
Design Realization
Design Realization Once a final design has been chosen , the next step is 'design realization'. In order to manufacture any product, a set of accurate working drawings , must be created. This can be done using traditional paper drawing or CAD. Working drawings are created to scale and fully dimension ed to ensure accurate manufacturing
Stage 7: Evaluation Evaluation allows you to reflect on the completed project. In simple terms, you must state what wen well, but also what improvements could be made to your project.
Business Model After the design process is to market your design idea 1.Form a team 2.Choose the idea and resources 3. Conduct regular meetings 4. Do market research/ a survey 5. Present to possible investors
Develop Ideas You should break into your teams and hold a brainstorming session. Brainstorming is a group creativity technique designed to generate a large number of ideas for solving a problem
Research 1. Market Research: Here, you will research your target market and build a client profile. This will help you discover if your design is viable, or if there are any changes or additions you must make before you go into production. You will be required to design a questionnaire and hand it out to potential customers
Market Research Building a client profile The target market is a group of customers at which a product is aimed. They are the people who will buy your product. To know who your target market is , you must build a profile of the person . This is called a client profile. It is a good idea of checking if your idea is a good one and if you will have a customer base to buy it. (Gender, Age, Job, Income, Hobbies, Lifestyle)
Creating a Brand Branding is a way to make a company's product or service visible or recognizable, It is done by using a name, symbol or design
Presentation Now you have completed the design process and built a business model to market your idea, presenting your idea is the most important part. You must convince people with your idea. and for that you need confidence
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