SlideShare a Scribd company logo
Defining the Opportunity
Innovation, Entrepreneurship & Design Toolbox
© Imperial College Business School
an observed market opportunity new technology/capability
”demand-pull idea” VS ”knowledge-push idea”
© Imperial College Business School
A business idea: two sources
• A currently unsolved problem is spotted:
It could be personal or friends’ experiences
or observation in the news or in current trends
...Often referred to as ‘customer pain’ or an unmet demand
Example: students suffer from crooked back
© Imperial College Business School
If demand-pull idea
© Imperial College Business School 4
• Study of reasons behind the problem:
Carrying heavy books
• Conceivement and development of a solution (product/service)
• The solution might incorporate technology, but the technology
solution is created and tailored specifically for the problem.
© Imperial College Business School 5
• A new discovery or a new technical capability
with many possible applications is made/developed
 Also known as a ‘platform technology’
• A suitable commercial application is identified
 Find the most compelling industry/market likely to need or adopt the new technology at
an early date – find a problem to solve!
© Imperial College Business School
If technology-push idea
© Imperial College Business School 7
• Development of the raw technology further to deliver the
envisioned applications
 develop for “Market readiness”
• Once the technology is sufficiently developed,
the inventor/entrepreneur start-up can either:
1. Manufacture its own products using the technology, and sell
them to customers
2. License the protected tech to other companies, which will
develop and sell their own products using the technology
3. Sell the start-up company, with its Intellectual Property and
its highly specialised managers and staff (‘human capital’), to
another (usually larger) company
If technology-push idea
Demand-pull ideas usually go into the market for products
 Make products/services and sell directly to customers
Knowledge-push ideas may end up in either
 The market for products or the market for technology
© Imperial College Business School
If you have a demand-pull idea
Go to ‘Idea generation and evaluation’ exercise in the
IE&D Toolbox
• benchmark your idea against other solutions
• Improve your idea
If you have a knowledge-push idea
Go to the ‘Technology/Application Matrix’ in the IE&D Toolbox
• Compare and evaluate commercial applications
Afterwards you can further reality-test your assumptions and
conclusions using Entrepreneurial Market Research and Value
Chain/Value Network analysis.
© Imperial College Business School
© Imperial College Business School
Two possible journeys...
Your Idea/Project
Did you start with a problem or a technology/capability?
Idea Generation and evaluation Technology/Application matrix
Entrepreneurial Market Research
Value Chain/Network analysis
Knowledge push caseDemand-pull case
Evaluate, improve Evaluate, choose
Reality -test
Reconsider? Reconsider?
Clarysse, B. and Kiefer, S., 2011. The Smart Entrepreneur. London: Elliot &
Thompson, Ch. 1.
© Imperial College Business School
Further reading

More Related Content

Viewers also liked

J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
Valeryia Kazheunikava
 
Tse design rights_2014
Tse design rights_2014Tse design rights_2014
Tse design rights_2014
Valeryia Kazheunikava
 
Tse value chain_2014 (1)
Tse value chain_2014 (1)Tse value chain_2014 (1)
Tse value chain_2014 (1)
Valeryia Kazheunikava
 
The Bible: The Canon of Scripture
The Bible: The Canon of ScriptureThe Bible: The Canon of Scripture
The Bible: The Canon of Scripture
David Lee Martin
 
Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014
Valeryia Kazheunikava
 
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
Valeryia Kazheunikava
 
Tse value chain_2014 (1)
Tse value chain_2014 (1)Tse value chain_2014 (1)
Tse value chain_2014 (1)
Valeryia Kazheunikava
 
Tse value network_2014
Tse value network_2014Tse value network_2014
Tse value network_2014
Valeryia Kazheunikava
 
Tse sources of_capital_2014 (1)
Tse sources of_capital_2014 (1)Tse sources of_capital_2014 (1)
Tse sources of_capital_2014 (1)
Valeryia Kazheunikava
 
Final version empathic design v2
Final version empathic design v2Final version empathic design v2
Final version empathic design v2
Valeryia Kazheunikava
 
Pricing 2013
Pricing 2013Pricing 2013
Pricing 2013
Valeryia Kazheunikava
 
HRM Ethics
HRM EthicsHRM Ethics
HRM Ethics
Danielle Simpson
 
Segementation Presentation
Segementation PresentationSegementation Presentation
Segementation Presentation
Danielle Simpson
 
Red bull presentation
Red bull presentationRed bull presentation
Red bull presentation
Danielle Simpson
 
Tse copyright 2014
Tse copyright 2014Tse copyright 2014
Tse copyright 2014
Valeryia Kazheunikava
 
Infografía legislacion penal especial
Infografía legislacion penal especialInfografía legislacion penal especial
Infografía legislacion penal especial
Dangelo Colmenarez
 
Cuadro legislacion penal
Cuadro legislacion penalCuadro legislacion penal
Cuadro legislacion penal
Dangelo Colmenarez
 

Viewers also liked (17)

J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
 
Tse design rights_2014
Tse design rights_2014Tse design rights_2014
Tse design rights_2014
 
Tse value chain_2014 (1)
Tse value chain_2014 (1)Tse value chain_2014 (1)
Tse value chain_2014 (1)
 
The Bible: The Canon of Scripture
The Bible: The Canon of ScriptureThe Bible: The Canon of Scripture
The Bible: The Canon of Scripture
 
Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014
 
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
 
Tse value chain_2014 (1)
Tse value chain_2014 (1)Tse value chain_2014 (1)
Tse value chain_2014 (1)
 
Tse value network_2014
Tse value network_2014Tse value network_2014
Tse value network_2014
 
Tse sources of_capital_2014 (1)
Tse sources of_capital_2014 (1)Tse sources of_capital_2014 (1)
Tse sources of_capital_2014 (1)
 
Final version empathic design v2
Final version empathic design v2Final version empathic design v2
Final version empathic design v2
 
Pricing 2013
Pricing 2013Pricing 2013
Pricing 2013
 
HRM Ethics
HRM EthicsHRM Ethics
HRM Ethics
 
Segementation Presentation
Segementation PresentationSegementation Presentation
Segementation Presentation
 
Red bull presentation
Red bull presentationRed bull presentation
Red bull presentation
 
Tse copyright 2014
Tse copyright 2014Tse copyright 2014
Tse copyright 2014
 
Infografía legislacion penal especial
Infografía legislacion penal especialInfografía legislacion penal especial
Infografía legislacion penal especial
 
Cuadro legislacion penal
Cuadro legislacion penalCuadro legislacion penal
Cuadro legislacion penal
 

Similar to Definingtheopportunitymodified 141127015140-conversion-gate02

Defining the opportunity playground version
Defining the opportunity playground versionDefining the opportunity playground version
Defining the opportunity playground version
Valeryia Kazheunikava
 
Defining the opportunity modified
Defining the opportunity modifiedDefining the opportunity modified
Defining the opportunity modified
Valeryia Kazheunikava
 
Opportunity definition 2011
Opportunity definition 2011Opportunity definition 2011
Opportunity definition 2011
Frank Gielen
 
S curve innovation #BBTwisnu
S curve innovation #BBTwisnuS curve innovation #BBTwisnu
S curve innovation #BBTwisnu
Wisnu Dewobroto
 
Tcm step 1 technology analysis
Tcm step 1 technology analysisTcm step 1 technology analysis
Tcm step 1 technology analysis
Stephen Ong
 
Ndl bio 2014
Ndl bio 2014Ndl bio 2014
Ndl bio 2014
nicoladiligu2014
 
Updated: Marketing your Technology
Updated: Marketing your TechnologyUpdated: Marketing your Technology
Updated: Marketing your Technology
Marty Kaszubowski
 
teachers.ppt
teachers.pptteachers.ppt
teachers.ppt
Shree Shree
 
Technology Asessment & Forecasting.pptx
Technology Asessment & Forecasting.pptxTechnology Asessment & Forecasting.pptx
Technology Asessment & Forecasting.pptx
Marty Kaszubowski
 
Tcm Workshop 1 Technology analysis
Tcm Workshop 1 Technology analysisTcm Workshop 1 Technology analysis
Tcm Workshop 1 Technology analysis
Stephen Ong
 
Startups: Accelerating Ideas to Prototypes
Startups: Accelerating Ideas to PrototypesStartups: Accelerating Ideas to Prototypes
Startups: Accelerating Ideas to Prototypes
Mithileysh Sathiyanarayanan
 
Agility Experienced. Success Realized.
Agility Experienced. Success Realized.Agility Experienced. Success Realized.
Agility Experienced. Success Realized.
Joe Kinsella
 
Agility Experienced. Success Realized - 042516
Agility Experienced. Success Realized - 042516Agility Experienced. Success Realized - 042516
Agility Experienced. Success Realized - 042516
CloudHealth by VMware
 
Tapping into The Business of Science - Idea Generation - Finding Partners
Tapping into The Business of Science - Idea Generation - Finding PartnersTapping into The Business of Science - Idea Generation - Finding Partners
Tapping into The Business of Science - Idea Generation - Finding Partners
Robert Braathe
 
Chapter 2 entrepreneurship (lecture 2)
Chapter 2 entrepreneurship (lecture 2)Chapter 2 entrepreneurship (lecture 2)
Chapter 2 entrepreneurship (lecture 2)
Afzaal Ali
 
Tcm step 1 technology analysis
Tcm step 1 technology analysisTcm step 1 technology analysis
Tcm step 1 technology analysis
Stephen Ong
 
Women in Innovation - My Innovation: describing what I am applying for
Women in Innovation - My Innovation: describing what I am applying forWomen in Innovation - My Innovation: describing what I am applying for
Women in Innovation - My Innovation: describing what I am applying for
KTN
 
Start ed event_july_24th_2019
Start ed event_july_24th_2019Start ed event_july_24th_2019
Start ed event_july_24th_2019
Omar Duran
 
Opportunity Discovery Process
Opportunity Discovery ProcessOpportunity Discovery Process
Opportunity Discovery Process
cparksbi
 
Murray Slides
Murray SlidesMurray Slides
Murray Slides
jonpotter
 

Similar to Definingtheopportunitymodified 141127015140-conversion-gate02 (20)

Defining the opportunity playground version
Defining the opportunity playground versionDefining the opportunity playground version
Defining the opportunity playground version
 
Defining the opportunity modified
Defining the opportunity modifiedDefining the opportunity modified
Defining the opportunity modified
 
Opportunity definition 2011
Opportunity definition 2011Opportunity definition 2011
Opportunity definition 2011
 
S curve innovation #BBTwisnu
S curve innovation #BBTwisnuS curve innovation #BBTwisnu
S curve innovation #BBTwisnu
 
Tcm step 1 technology analysis
Tcm step 1 technology analysisTcm step 1 technology analysis
Tcm step 1 technology analysis
 
Ndl bio 2014
Ndl bio 2014Ndl bio 2014
Ndl bio 2014
 
Updated: Marketing your Technology
Updated: Marketing your TechnologyUpdated: Marketing your Technology
Updated: Marketing your Technology
 
teachers.ppt
teachers.pptteachers.ppt
teachers.ppt
 
Technology Asessment & Forecasting.pptx
Technology Asessment & Forecasting.pptxTechnology Asessment & Forecasting.pptx
Technology Asessment & Forecasting.pptx
 
Tcm Workshop 1 Technology analysis
Tcm Workshop 1 Technology analysisTcm Workshop 1 Technology analysis
Tcm Workshop 1 Technology analysis
 
Startups: Accelerating Ideas to Prototypes
Startups: Accelerating Ideas to PrototypesStartups: Accelerating Ideas to Prototypes
Startups: Accelerating Ideas to Prototypes
 
Agility Experienced. Success Realized.
Agility Experienced. Success Realized.Agility Experienced. Success Realized.
Agility Experienced. Success Realized.
 
Agility Experienced. Success Realized - 042516
Agility Experienced. Success Realized - 042516Agility Experienced. Success Realized - 042516
Agility Experienced. Success Realized - 042516
 
Tapping into The Business of Science - Idea Generation - Finding Partners
Tapping into The Business of Science - Idea Generation - Finding PartnersTapping into The Business of Science - Idea Generation - Finding Partners
Tapping into The Business of Science - Idea Generation - Finding Partners
 
Chapter 2 entrepreneurship (lecture 2)
Chapter 2 entrepreneurship (lecture 2)Chapter 2 entrepreneurship (lecture 2)
Chapter 2 entrepreneurship (lecture 2)
 
Tcm step 1 technology analysis
Tcm step 1 technology analysisTcm step 1 technology analysis
Tcm step 1 technology analysis
 
Women in Innovation - My Innovation: describing what I am applying for
Women in Innovation - My Innovation: describing what I am applying forWomen in Innovation - My Innovation: describing what I am applying for
Women in Innovation - My Innovation: describing what I am applying for
 
Start ed event_july_24th_2019
Start ed event_july_24th_2019Start ed event_july_24th_2019
Start ed event_july_24th_2019
 
Opportunity Discovery Process
Opportunity Discovery ProcessOpportunity Discovery Process
Opportunity Discovery Process
 
Murray Slides
Murray SlidesMurray Slides
Murray Slides
 

More from Valeryia Kazheunikava

Business model financial viability 2013
Business model financial viability 2013Business model financial viability 2013
Business model financial viability 2013
Valeryia Kazheunikava
 
Designing services
Designing servicesDesigning services
Designing services
Valeryia Kazheunikava
 
Tse financial viability of a business model 2014
Tse financial viability of a business model 2014Tse financial viability of a business model 2014
Tse financial viability of a business model 2014
Valeryia Kazheunikava
 
Tse bus model_teece_analysis_2014
Tse bus model_teece_analysis_2014Tse bus model_teece_analysis_2014
Tse bus model_teece_analysis_2014
Valeryia Kazheunikava
 
Tse other protection_mechanisms_2014
Tse other protection_mechanisms_2014Tse other protection_mechanisms_2014
Tse other protection_mechanisms_2014
Valeryia Kazheunikava
 
Tse trademarks 2014
Tse trademarks 2014Tse trademarks 2014
Tse trademarks 2014
Valeryia Kazheunikava
 
Tse patents 2014
Tse patents 2014Tse patents 2014
Tse patents 2014
Valeryia Kazheunikava
 
Tse appropriability overview-2014
Tse appropriability overview-2014Tse appropriability overview-2014
Tse appropriability overview-2014
Valeryia Kazheunikava
 
Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014
Valeryia Kazheunikava
 
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
Valeryia Kazheunikava
 
Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014
Valeryia Kazheunikava
 
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
Valeryia Kazheunikava
 
Tse trend analysis_2014
Tse trend analysis_2014Tse trend analysis_2014
Tse trend analysis_2014
Valeryia Kazheunikava
 
Tse focus groups_2014
Tse focus groups_2014Tse focus groups_2014
Tse focus groups_2014
Valeryia Kazheunikava
 
Tseblueoceanstrategymodified2014 141127122431-conversion-gate02-150205073350-...
Tseblueoceanstrategymodified2014 141127122431-conversion-gate02-150205073350-...Tseblueoceanstrategymodified2014 141127122431-conversion-gate02-150205073350-...
Tseblueoceanstrategymodified2014 141127122431-conversion-gate02-150205073350-...
Valeryia Kazheunikava
 
Tse financial planning_2014
Tse financial planning_2014Tse financial planning_2014
Tse financial planning_2014
Valeryia Kazheunikava
 
Tse blue ocean_strategy_modified2014
Tse blue ocean_strategy_modified2014Tse blue ocean_strategy_modified2014
Tse blue ocean_strategy_modified2014
Valeryia Kazheunikava
 

More from Valeryia Kazheunikava (17)

Business model financial viability 2013
Business model financial viability 2013Business model financial viability 2013
Business model financial viability 2013
 
Designing services
Designing servicesDesigning services
Designing services
 
Tse financial viability of a business model 2014
Tse financial viability of a business model 2014Tse financial viability of a business model 2014
Tse financial viability of a business model 2014
 
Tse bus model_teece_analysis_2014
Tse bus model_teece_analysis_2014Tse bus model_teece_analysis_2014
Tse bus model_teece_analysis_2014
 
Tse other protection_mechanisms_2014
Tse other protection_mechanisms_2014Tse other protection_mechanisms_2014
Tse other protection_mechanisms_2014
 
Tse trademarks 2014
Tse trademarks 2014Tse trademarks 2014
Tse trademarks 2014
 
Tse patents 2014
Tse patents 2014Tse patents 2014
Tse patents 2014
 
Tse appropriability overview-2014
Tse appropriability overview-2014Tse appropriability overview-2014
Tse appropriability overview-2014
 
Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014
 
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
 
Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014Tse entrepreneurial market_research_2014
Tse entrepreneurial market_research_2014
 
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...J2638 product and pricing research by solutions 2 (imperial college) - oct201...
J2638 product and pricing research by solutions 2 (imperial college) - oct201...
 
Tse trend analysis_2014
Tse trend analysis_2014Tse trend analysis_2014
Tse trend analysis_2014
 
Tse focus groups_2014
Tse focus groups_2014Tse focus groups_2014
Tse focus groups_2014
 
Tseblueoceanstrategymodified2014 141127122431-conversion-gate02-150205073350-...
Tseblueoceanstrategymodified2014 141127122431-conversion-gate02-150205073350-...Tseblueoceanstrategymodified2014 141127122431-conversion-gate02-150205073350-...
Tseblueoceanstrategymodified2014 141127122431-conversion-gate02-150205073350-...
 
Tse financial planning_2014
Tse financial planning_2014Tse financial planning_2014
Tse financial planning_2014
 
Tse blue ocean_strategy_modified2014
Tse blue ocean_strategy_modified2014Tse blue ocean_strategy_modified2014
Tse blue ocean_strategy_modified2014
 

Recently uploaded

KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksKYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
Any kyc Account
 
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
brunasordi905
 
The Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptxThe Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptx
Diana Rose
 
Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdfMacroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
olaola5673
 
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
yeuwffu
 
Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!
FinTech Belgium
 
TechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdfTechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdf
richardwellington119
 
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdfSeeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Ashis Kumar Dey
 
Accounting Information Systems (AIS).pptx
Accounting Information Systems (AIS).pptxAccounting Information Systems (AIS).pptx
Accounting Information Systems (AIS).pptx
TIZITAWMASRESHA
 
Dr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment LeaderDr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment Leader
msthrill
 
The state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation EventThe state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation Event
ResolutionFoundation
 
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptxExploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
cosmo-soil
 
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfOptimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
shruti1menon2
 
FCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptxFCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptx
nalamynandan
 
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
28xo7hf
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
36 Crypto
 
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
AntoniaOwensDetwiler
 
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaNew Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
Amit Kakkar
 
13 Jun 24 ILC Retirement Income Summit - slides.pptx
13 Jun 24 ILC Retirement Income Summit - slides.pptx13 Jun 24 ILC Retirement Income Summit - slides.pptx
13 Jun 24 ILC Retirement Income Summit - slides.pptx
ILC- UK
 
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
taqyea
 

Recently uploaded (20)

KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksKYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
KYC Compliance: A Cornerstone of Global Crypto Regulatory Frameworks
 
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
欧洲杯投注-欧洲杯投注买球-欧洲杯投注买球网|【​网址​🎉ac22.net🎉​】
 
The Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptxThe Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptx
 
Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdfMacroeconomic-digest-of-Ukraine-0624-Eng.pdf
Macroeconomic-digest-of-Ukraine-0624-Eng.pdf
 
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
 
Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!
 
TechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdfTechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdf
 
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdfSeeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
 
Accounting Information Systems (AIS).pptx
Accounting Information Systems (AIS).pptxAccounting Information Systems (AIS).pptx
Accounting Information Systems (AIS).pptx
 
Dr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment LeaderDr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment Leader
 
The state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation EventThe state of welfare Resolution Foundation Event
The state of welfare Resolution Foundation Event
 
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptxExploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
 
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfOptimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
 
FCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptxFCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptx
 
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
 
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
 
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaNew Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy Visa
 
13 Jun 24 ILC Retirement Income Summit - slides.pptx
13 Jun 24 ILC Retirement Income Summit - slides.pptx13 Jun 24 ILC Retirement Income Summit - slides.pptx
13 Jun 24 ILC Retirement Income Summit - slides.pptx
 
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
 

Definingtheopportunitymodified 141127015140-conversion-gate02

  • 1. Defining the Opportunity Innovation, Entrepreneurship & Design Toolbox © Imperial College Business School
  • 2. an observed market opportunity new technology/capability ”demand-pull idea” VS ”knowledge-push idea” © Imperial College Business School A business idea: two sources
  • 3. • A currently unsolved problem is spotted: It could be personal or friends’ experiences or observation in the news or in current trends ...Often referred to as ‘customer pain’ or an unmet demand Example: students suffer from crooked back © Imperial College Business School If demand-pull idea
  • 4. © Imperial College Business School 4 • Study of reasons behind the problem: Carrying heavy books
  • 5. • Conceivement and development of a solution (product/service) • The solution might incorporate technology, but the technology solution is created and tailored specifically for the problem. © Imperial College Business School 5
  • 6. • A new discovery or a new technical capability with many possible applications is made/developed  Also known as a ‘platform technology’ • A suitable commercial application is identified  Find the most compelling industry/market likely to need or adopt the new technology at an early date – find a problem to solve! © Imperial College Business School If technology-push idea
  • 7. © Imperial College Business School 7 • Development of the raw technology further to deliver the envisioned applications  develop for “Market readiness” • Once the technology is sufficiently developed, the inventor/entrepreneur start-up can either: 1. Manufacture its own products using the technology, and sell them to customers 2. License the protected tech to other companies, which will develop and sell their own products using the technology 3. Sell the start-up company, with its Intellectual Property and its highly specialised managers and staff (‘human capital’), to another (usually larger) company If technology-push idea
  • 8. Demand-pull ideas usually go into the market for products  Make products/services and sell directly to customers Knowledge-push ideas may end up in either  The market for products or the market for technology © Imperial College Business School
  • 9. If you have a demand-pull idea Go to ‘Idea generation and evaluation’ exercise in the IE&D Toolbox • benchmark your idea against other solutions • Improve your idea If you have a knowledge-push idea Go to the ‘Technology/Application Matrix’ in the IE&D Toolbox • Compare and evaluate commercial applications Afterwards you can further reality-test your assumptions and conclusions using Entrepreneurial Market Research and Value Chain/Value Network analysis. © Imperial College Business School
  • 10. © Imperial College Business School Two possible journeys... Your Idea/Project Did you start with a problem or a technology/capability? Idea Generation and evaluation Technology/Application matrix Entrepreneurial Market Research Value Chain/Network analysis Knowledge push caseDemand-pull case Evaluate, improve Evaluate, choose Reality -test Reconsider? Reconsider?
  • 11. Clarysse, B. and Kiefer, S., 2011. The Smart Entrepreneur. London: Elliot & Thompson, Ch. 1. © Imperial College Business School Further reading