Lecture

From business model to business plan

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Description

This lecture covers the transition from a business model to a business plan, explaining the differences between the two and the purposes a business plan serves. It delves into the components of a business plan, including internal and external purposes, such as developing the management team, establishing performance milestones, and facilitating communications. The lecture also addresses key aspects of a business plan, such as outlining the business concept, identifying target customers, forecasting market volumes, and evaluating competitive forces.

In MOOC

IoT Systems and Industrial Applications with Design Thinking

Internet of Things (IoT) and smart connected devices have radically changed the way our world works and how companies operate and create new businesses. Do you want to learn about IoT fundamentals? This is a course for you! In this course we provide an overview of the underlaying IoT technologies and its business applications. This course is an introduction to IoT and explains why it is a continuously evolving concept with many industrial applications. You will learn the fundamental building blocks of IoT

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Related concepts (32)

Investment management

Investment management (sometimes referred to more generally as asset management) is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts/mandates or via collective investment schemes like mutual funds, exchange-traded funds, or REITs.

Strategic planning

Strategic planning is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy. Strategic planning became prominent in corporations during the 1960s and remains an important aspect of strategic management. It is executed by strategic planners or strategists, who involve many parties and research sources in their analysis of the organization and its relationship to the environment in which it competes.

Communication

Communication is usually defined as the transmission of information. The term can also refer to the message itself, or the field of inquiry studying these transmissions, also known as communication studies. The precise definition of communication is disputed. Controversial issues are whether unintentional or failed transmissions are included and whether communication does not just transmit meaning but also create it. Models of communication aim to provide a simplified overview of its main components and their interaction.

Investment fund

An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: hire professional investment managers, who may offer better returns and more adequate risk management; benefit from economies of scale, i.e., lower transaction costs; increase the asset diversification to reduce some unsystematic risk.

Return on investment

Return on investment (ROI) or return on costs (ROC) is a ratio between net income (over a period) and investment (costs resulting from an investment of some resources at a point in time). A high ROI means the investment's gains compare favourably to its cost. As a performance measure, ROI is used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments. In economic terms, it is one way of relating profits to capital invested.

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