Assignment:
Need a plan for developing a social network aimed at artists, musicians, writers, and filmmakers, to help them establish themselves and achieve independent success separate from large conglomerates that retain most of the profits. Research and describe a product development or management process, methodology, or model that could be utilized to implement the innovation. Use the Lean StartUpmodel for developing its own implementation plan.
For this assignment, write a paper of 600 words that addresses the following:
1. Finalize the name and include a one- or two-sentence description of the innovation.
2. Describe the value the new product or service will provide to customers and describe the need it will meet.
3. Utilizing the model selected by the team, create the detailed implementation plan for the innovation. Make sure the plan accounts for contingencies/risks in the implementation process and includes realistic timeframe and budgeting considerations.
4. Use graphics such as organizational charts, process maps, and/or budget tables as appropriate to increase the readability and professional appeal of the plan.
5. Include in-text citations from at least six secondary sources. Each person on the team must contribute an article from the research that was completed on product development or management processes, methodologies, and/or models.
Prepare this assignment according to the guidelines found in the APA Style. An abstract is not required.
Prepare a presentation to recommend your implementation plan to the appropriate audience for your innovation (e.g., venture capitalists, your CEO, your board of directors, etc.). Your goal is to persuade the audience to back your plan. Prepare 4 professionally developed presentation slides that accomplish the following:
1. Describe the innovation and its value to both customers and the organization/entity to which you are pitching your idea.
2. Review the implementation plan in significant enough depth to demonstrate your thorough understanding of the implementation process.
3. Include a cost/benefit analysis appropriate for your particular audience.
Ensure your slides are visually appealing and conform to conventions of effective slide design. Include a reference slide with a minimum of three secondary resources utilized in the development of your presentation.
While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting.