Problem based learning of entrepreneurship

1. Problem Based Learning
IME-498 Entrepreneurship
Presented by:
2020-IM-7
2020-IM-14
1
Presented To:
Prof. Dr. Nadeem Ahmad Mufti

2. Multiple Iterations of idea
•Rejected approaches
a)Social media guiding platform for old aged people
i. Strengths:
• Untapped market
• Fulfilling a need
• Scalability
ii. Weaknesses:
• Competition
• Technology adoption
• Content creation
2

3. Multiple Iterations of idea
•Rejected approaches
b) Optimized Platform for Event
Destination Selection
i. Strengths:
• Market demand
• Data-driven Insights
• Potential for partnerships
ii. Weaknesses:
• Competition (VenueHub,
Trip Advisor)
• Data comprehensiveness
• Monetization Strategy
3

4. Appropriate techniques for generating creative
business idea
•Big dream approach
• Aircraft manufacturing platform for
each country
•Reverse brainstorming
• Most of the countries do not make
their own aircrafts
4

5. Finalization and Validation of Business Idea
•Finding gaps in marketplace
• Number of countries in the world using airplanes vs. airplane
manufacturing countries
• There are 5 countries that do not have airports
Monaco, San Marino, Andorra, Liechtenstein and the Vatican [1]
• There are 195 total countries in the world so 190 are using aircrafts [2]
5

6. •Finding gaps in marketplace
•Number of countries having commercial aircraft
manufacturing facilities
• There are only 12 aircraft manufacturing companies in the world
[3]
6
Finalization and Validation of Business Idea

7. •Finding gaps in marketplace
•Number of total aircrafts in the world
• 28674 (US=30.5 %,China= 13%, Canada= 4.44%)[4], [5]
•Average number of aircrafts per country/Pakistan
• Average aircrafts per country = 151
• PIA has only 32 aircrafts [6]
7
Finalization and Validation of Business Idea

8. •Validation
•Cost of establishing an airline?
• Comparison of a country buying an airplane from company vs
establishing own?
• ROI, profit?
8
Finalization and Validation of Business Idea

9. •Business plan
I. Establishing a team
i. Global talent search
ii. Partnerships with Educational Institutions
iii. International Collaboration
II. Engaging Supportive Governments
i. Develop a Comprehensive Proposal
ii. Identify Target Countries
iii. Economic incentives
iv. Strategic Alliances 9
Finalization and Validation of Business Idea

10. • Questionnaire
1) What is your initial impression of the concept of a self-sufficient
country producing its own passenger aircraft? (Scale: 1 - 5)
2) How do you think domestically produced aircraft would fare in the
global market compared to established manufacturers? (Scale: 1 - 5)
3) Within your country, how readily available are qualified
engineers, scientists, and skilled laborers specialized in aerospace
manufacturing? (Scale: 1 - 5)
4) Do you find the idea financially viable, considering the potential
costs involved in research, development, and manufacturing of
passenger aircraft? (Scale: 1 - 5)
5) How do you think the development of a domestic aerospace
industry and the production of passenger aircraft could impact the
broader economy of a country? (Scale: 1 - 5)
10
Finalization and Validation of Business Idea
SCALE LEGEND
1 2 3 4 5
Very Poor Poor Neutral Good Very Good

11. 11
Finalization and Validation of Business Idea

12. Question 1 Question 2 Question 3 Question 4 Question 5
2020-ME-104 4 3 2 4 4
2020-ME-129 5 4 3 4 4
2020-ME-56 5 3 3 4 5
2020-ME-55 5 3 3 4 5
2020-PET-1 4 3 4 3 5
2020-IM-33 4 3 4 2 5
2020-IM-32 5 4 3 4 5
Average
Percentage
Response
91.4% 65.7% 62.8% 71.4% 94.3%
12
Finalization and Validation of Business Idea

13. •Challenges to our idea validation
• Skilled Workforce and technical expertise
• Regulatory Compliance
• Global Competition
• Political and Geopolitical Considerations
13
Finalization and Validation of Business Idea

14. 14
[1] Admin, "Here Are The Only 5 Countries Without Airports!," 6 June 2023. [Online]. Available:
https://blog.akbartravels.com/countries-without-airport/. [Accessed 9 December 2023].
[2] "Countries in the World: 195," Worldometers, [Online]. Available:
https://www.worldometers.info/geography/how-many-countries-are-there-in-the-world/.
[Accessed 9 December 2023].
[3] AMECET, "Aircraft Manufacturing Compan," [Online]. Available:
https://www.amecet.in/articles/aircraft-manufacturing-companies. [Accessed 10 December
2023].
[4] ch-aviation, 30 June 2022. [Online]. Available: https://about.ch-
aviation.com/blog/2022/06/30/june-2022-global-fleet-size-analysis-by-ch-aviation/. [Accessed 15
December 2023].
[5] "Which countries have the most amount of aircraft?," 11 July 2019. [Online]. Available:
https://corporatetravelcommunity.com/analysis/which-countries-have-the-most-amount-of-
aircraft-585216. [Accessed 15 December 2023].
[6] "Fleet size of PIA," plane-plotters, [Online]. Available: https://www.planespotters.net/airline/PIA-
Pakistan-International-Airlines. [Accessed 15 December 2023].
References