The document outlines the steps for developing innovative companies through entrepreneurship. It discusses exploring ideas and techniques for creating great companies. The key steps include: 1) ideating and discovery to identify products/services and conduct research; 2) design and planning through defining problems, researching demographics, and building a strategy; and 3) prototyping, testing, iterating and launching the product or service. The overall process provides a recipe for entrepreneurs to follow to innovatively develop new companies.

1. Developing
Innovative Ideas for
Companies: The
First Step in
Entrepreneurship
Presenter:
Dr. Jeannice Fairrer Samani, MBA, CSM,
MDE

2. Objective….
Explore ideas
and
techniques
that make
great
companies

5. RECIPE

6. Ingredients for Developing
Innovative Companies
Ideate/Discovery Design/Plan Prototype/Funding Test/ Iterate /Launch

7. • Identify your
product or
service
• Create a
learning log
• Profile of the
Present
• Constructive
Feedback
• Have a story

8. Discovery
• Define core
problems
• Research
• Establish
feature and
function

9. LEGAL / ORGANIZE
•Register your
company
•Business license
•Patent
•Trademark

10. DESIGN
• Know your market
• demographics
• Know your Market
• Research
Demographic
• Build Presence
• Understand
your Customer
Building a
Competitive
Advantage

11. PLAN: CREATE +
INNOVATE
•Know your
Target Marketing
•Develop a
strategy
•Create a Frugal
Canvas Model
•Exit route
•Create a Diverse
+ Inclusive Team
•Create a
Business Plan

12. • Build prototype
• Create valuable
programs
• Identify funding
sources
• Write a Business
Plan

13. Test / Iterate /
Launch

15. THANK YOU!
@JEANNICE
WWW.JEANNICEFS.COM
Jeannice Fairrer Samani