Innovative idea and Model
Need to create an innovative idea and MODEL for a new product, service, or business.
Write 300 words idea, a description of the model used to evaluate the idea, and the results of the evaluation. (Identify the merits, drawbacks, and challenges associated with the idea)
Each team member is responsible for completing research on various models. While there are several models in circulation for evaluating innovations, such as The Lean StartUp Plan, NOMMAR, SNIFF, and the linear and mental models of innovation, innovators should not feel constrained by any particular model. Feel free to borrow elements from multiple models to develop one that would work best to most effectively evaluate your own innovation.