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Total 20 Marks: (2 + 6 + 6+ 2+ 4 Marks) - Executive Summary (4 Marks)

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Objective Statement, Competitor Analysis, Total 20 Marks:

Problem Statement and Executive Summary


(2 + 6 + 6+ 2+ 4 Marks). (2 + 6 + 6+ 2+ 4 Marks).

Problem Statement (2 Marks) Executive Summary (4 Marks)


 One sentence to indicate the specific
area of focus to work on your idea  It also includes consideration of how you
generation. present your executive summary. You are
 Your problem statement needs to relate to follow the below structure for writing
to your objective statement your executive summary.
 Important Note: Your problem - Name of the proposed product concept
- Type of product proposed and (if
statement will later be referred to in applicable) the technologies used
your Idea Generation - Needs of the market identified (to show
the reasons why the proposed product
Competitor Analysis (12 Marks) concept can solve the current problem
 Compare and contrast two (2) products or problems faced by customers in the
from any two (2) direct competitors market)
- Names of the competitors and their
(table form).
competing alternatives
(6 Marks) - Proposed price of the product
 Include the following: - Idea generation tools and techniques
- Opening (overall summary of used
competitors’ profile) - Idea evaluation tools and techniques
- Common attributes (essay) used
a. Uniqueness
b. Limitation
c. Technology
(6 Marks)

Objective Statement (2 Marks)


 One sentence to indicate the general
scope for your creative focus.

Idea Generation and Idea Summary: One (1) Technique = 10 Marks

This section is to be presented in a TABLE Two (2) Techniques = 20 Marks; 10 Marks for
format. maturity of answer.
List two (2) ideas generated from each
Total : 30 Marks
technique used.
For each technique you had chosen, you need
to present write the information according to
the following structure.
 Technique – state the best combination
chosen mentioned in your evaluation of
idea generation section.
(4 Marks)
 Advantage – provide the overall
advantage of this idea technique
chosen.
(3 Marks)
 Disadvantage– provide the overall
disadvantage of this idea technique
chosen.
(3 Marks)

Idea Evaluation (2 techniques) One (1) Technique = 10 Marks

 Opening Two (2) Techniques = 20 Marks


(1 Mark)
Total 20 marks
 Present the analysis in relation to the
problem
(3 Marks)

 Using the relevant components for each


analysis
(3 Marks)

 Provide recommendation
(derived information from limitation &
challenges of implementation of
product)
(3 Marks)

Market Identification (10 Marks) Total 20 marks


Include the following in detail:
 Pricing strategy
 Place – geographical
location
 Promotion – benefits to the
users
 Package – for the product
service
PRODUCT DESCRIPTION (10 MARKS)

 Present the visual or visuals of the product


concept
(5 Marks)
 Visual can be sketched by hand
or drawn using available
softwares.
 Visual is required for all sides
of the product
 Label each components
accordingly
*Be as detail as possible. Avoid giving generic
description of the product

 Include the following:


 Opening
 Features
 Function
 Technologies
(5 Marks)
Candidate is required to provide analysis on
how different and innovative your product
concept in comparison to the two (2) identified
products in competitor analysis earlier in
competitor analysis section.

Overall Quality of the Proposal 10 Marks


This criterion will assess the overall use of
language appropriate for
Writing a formal business proposal
The reference and citation, and
(5 Marks)
The presentation of poster and survey
feedback
(5 Marks)

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