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18MBO409T - Finance For Engineers UNIT 4 & 5 (12 MARKS)

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  12M: Business proposal - idea stage to minimum viable project and various processes The journey of idea to a minimum viable project (MVP) involves several key stages, each contributing to the successful realization of a business concept. Idea generation and research: Identify a market need: start by understanding the problem you aim to solve or the need you want to address. Research existing solutions and gaps in the market Market research: dive deeper into your target audience, competitors and industry trends. Gather insights to validate your idea Conceptualization:  Brainstorm and ideate: collaborate with your team or stakeholders to generate creative ideas. Consider different angles and approaches Solution design: create a high level concept of your product. Define its purpose, features and potential benefits MVP development: What is MVP?: an MVP is the earliest version of your product that includes only essential features. It aims to deliver core value and validate it wi...

18MBO409T - Finance For Engineers UNIT 4 & 5 (4 MARKS)

MAM HAS NOT GIVEN EXACT QUESTIONS FOR 4M SO THERE MIGHT BE MANY 4M. JUST STUDY GENERALLY. EVEN 12M CAN BE ASKED FROM THESE 4M. ALL THE SUBTOPICS CAN BE ASKED SEPARATELY. 4M: Seed Capital - Definition, Importance, Advantages and Disadvantages: Seed capital: It refers to the initial funds required by a budding entrepreneur to kickstart a new business venture The term ‘seed’ signifies the early stage of a business; while ‘capital’ refers to the money needed at the outset Seed capital is crucial for turning business ideas into reality Importance: Starting point: provides necessary foundation for a business to take off Research and development: supports market research, product development and feasibility studies Attracting investors: makes business more attractive to potential investors Risk mitigation: mitigate risks associated with untested business concepts Advantages:  Business launch: enables entrepreneurs to launch their ventures Competitive edge: gives startups an edge Growth ac...