DYNE Course 201
"Turning Ideas Into Innovative Businesses - Harnessing Infused Design Thinking And The Inside-The-Box Methodology (Step-By-Step) For Business Transformation"
1.0 Understand The Problem – to have a clear idea of the desirability by key stakeholders (s).
Objective – Understanding the problem is a crucial step in turning ideas into successful businesses. It lays the foundation for creating solutions that truly connect with key stakeholders, such as customers, employees, and partners. By deeply exploring their needs and challenges, businesses can develop offerings that are not only practical but also appealing and impactful.
2.0 Devise A Solution: Determining the Feasibility of the New Approach
Objective - In the process of transforming ideas into innovative businesses, devising a solution is a critical step that involves assessing the feasibility of new approaches. This phase is not merely about brainstorming potential solutions; it requires a thorough evaluation of whether these solutions can be realistically implemented and sustained in the market. Understanding feasibility encompasses various dimensions, including technical, economic, operational, and legal aspects, ensuring that the proposed solution aligns with the organization's goals and stakeholder expectations.
3.0 Craft Business – to get an insight into viability from business perspective
Objective - In the dynamic landscape of entrepreneurship, crafting a business model that is not only innovative but also viable is essential for long-term success. The topic of "Craft Business" focuses on understanding the viability of new ideas from a business perspective. This involves evaluating whether a proposed venture can sustain itself financially, meet market demands, and adapt to changing conditions. By examining key factors such as market demand, financial sustainability, competitive landscape, and operational efficiency, businesses can gain crucial insights that inform their strategic decisions.
4.0 Manage risk – to have honest recognition of the inherent uncertainty, a key ingredient of any new pursuit.
Objective - In the pursuit of transforming ideas into innovative businesses, managing risk is a critical aspect that cannot be overlooked. Every new venture carries inherent uncertainties that can significantly impact its success. Understanding and recognizing these risks is essential for entrepreneurs and business leaders as they navigate the complexities of launching and sustaining a business. The topic "Manage Risk" focuses on the importance of acknowledging these uncertainties and developing strategies to mitigate them effectively.
-
Duration -Two days
-
Venue - Client's Office or TBD