Plan a product.

Plan should include

• use of product
• value of product
• industry sector that product would be classified in
• supplies required to make product
• process and/or equipment required to make product
• cost to make product
• time to make product.

Plan also should include consideration of requirements and constraints as determined by the instructor.

Organize a business plan for the student enterprise.

Organization should include:

• a summary: company identity (name and logo), product specifics
• a mission: what is the problem you are going to solve? Why?
• product description: structure and function, user perspective
• market study: customer profile, competitors, trends
• operations design and planning
• sustainability.

Process/Skill Questions:

• Why is product planning necessary?
• What is the marginal cost of your product?
• What do people like and dislike about your product?
• How does your new product fill a niche?
• What activities are performed during the business enterprise design?