Dear Students,

Each group will identify a current problem or gap in the market and propose an innovative solution. The presentation should emphasize how the proposed solution demonstrates key aspects of the entrepreneurial mindset, including creativity, problem$-$solving, risk$-$taking, and strategic thinking.

This cannot be what you proposed earlier in the course.

Presentation Requirements $(6$ minutes$)$:

Identification of the Problem or Market Gap $(1$ minute$)$

Clearly describe the problem or gap in the market.

Explain why this problem is significant and worth solving.

Highlight how recognizing this problem reflects an entrepreneurial opportunity recognition.

Description of the Innovative Solution $(1-2$ minutes$)$

Provide a detailed explanation of the proposed solution.

Emphasize the creative and innovative aspects of the solution.

Discuss how the solution reflects entrepreneurial creativity and innovation.

Target Market and Potential Impact $(1$ minute$)$

Identify the target market for the solution.

Discuss the potential impact and benefits for the target audience.

Explain how understanding the target market demonstrates an entrepreneurial market orientation.

Implementation Plan and Timeline $(1$ minute$)$

Outline the steps needed to implement the solution.

Provide a timeline for implementation, including key milestones.

Discuss how the implementation plan reflects strategic thinking and planning.

Reflection on Entrepreneurial Traits Used in the Process $(1-2$ minutes$)$

Reflect on the entrepreneurial traits $($e$.$g$.,$ creativity, risk$-$taking, resilience$)$ that were applied during the development of the solution.

Provide specific examples of how these traits were demonstrated in your process.

Explain the importance of these traits in successful entrepreneurship.

Instructions:

Research and Identify a Problem or Market Gap:

Conduct research to identify a current and relevant problem or gap in the market.

Ensure the problem is specific and significant enough to warrant a solution.

Develop an Innovative Solution:

Brainstorm and develop a unique and innovative solution to the identified problem.

Consider the feasibility and impact of the solution.

Understand Your Target Market:

Identify and research your target market.

Understand the needs and preferences of your target audience.

Create an Implementation Plan:

Develop a clear and detailed implementation plan.

Include key milestones and a realistic timeline for implementation.

Reflect on the Entrepreneurial Mindset:

Reflect on how the entrepreneurial mindset was applied throughout the process.

Highlight specific traits and behaviors that demonstrate an entrepreneurial approach.