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IBM Unit 1 Assignment

This document is an assignment for the Department of Computer Science and Engineering at United College of Engineering & Research for the course 'IDEA TO BUSINESS MODEL'. It includes ten compulsory questions focusing on various aspects of business idea selection, product development, innovation, and market strategies, each carrying equal marks. The assignment aims to assess students' understanding and application of concepts related to business models and product management.

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Manali Chaturvedi
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28 views1 page

IBM Unit 1 Assignment

This document is an assignment for the Department of Computer Science and Engineering at United College of Engineering & Research for the course 'IDEA TO BUSINESS MODEL'. It includes ten compulsory questions focusing on various aspects of business idea selection, product development, innovation, and market strategies, each carrying equal marks. The assignment aims to assess students' understanding and application of concepts related to business models and product management.

Uploaded by

Manali Chaturvedi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

Department of Computer Science and Engineering

United College of Engineering & Research, Prayagraj


Pin - 211010 (India)

Assignment 1
Session 2024-25
Assignment No.: 1 Semester: VI
Course Name: IDEA TO BUSINESS MODEL Max. Marks:
AKTU Course Code: BOE 060 Date of Submission: / /2025
Note: All questions are compulsory. Each question carries equal marks.

Que. CO Bloom’s Marks


No. Level Obtained
1. Analyze the criteria that should be considered when selecting a business 1 2
idea. What factors determine the feasibility and potential success of a
business idea?
2. Explain the process of developing a product idea from initial concept to 1 1
detailed proposal. What steps should be taken to ensure the idea is viable and
meets market needs?
3. Discuss the key considerations involved in selecting a product to develop 1 2
and market. How do market demand, competition, and production
capabilities influence this decision?
4. Describe the stages of the product adoption process. How can businesses 1 3
encourage early adoption and move consumers through the adoption curve?
5. Define product innovation and its importance in maintaining a competitive 1 1
edge. Discuss different types of product innovation and provide examples of
companies that have successfully innovated their products.
6. Explain the role of production planning and development strategy in 1 2
bringing a new product to market. What are the key components of an
effective production and development strategy?
7. Discuss the process of generating and evaluating new product ideas. 1 1
8. How can businesses use techniques such as brainstorming, prototyping, and 1 1
market testing to develop and refine new products?
9. Select a real-world example of a successful new product launch. Analyze the 1 3
steps taken from idea generation to market introduction and discuss the
factors that contributed to its success.
10. Discuss how businesses can balance the need for innovation with the 1 1
practicalities of feasibility during product development. What strategies can
be employed to ensure that innovative ideas are also commercially viable?

Marks Obtained:_____

CO - Course Outcome
Bloom’s Levels
1- Remembering 2-Understanding 3-Applying 4-Analyzing 5-Evaluating 6-Creating

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