Business Idea Generation - Li-Fi over Wi-Fi and 5G Technology

Running head: BUSINESS IDEA GENERATION
Business Idea Generation
Name of the Student:
Name of the University:
Author note:

BUSINESS IDEA GENERATION1
Executive Summary
Generation of ideas is all about creating, developing and communicating about the abstract
and the concrete ideas. It is regarded as the front end of the funnel of idea management and it
lays emphasis on creating possible solutions and actual opportunities. This report has
elaborated on developing a new business idea of Li-Fi over Wi-Fi and 5G technology with
some observational insights and extensive research. It has presented a well-detailed business
model canvas and has discussed the interrelationships among the different elements of
business model that are important for the success with the other critical assumptions and risks
along with the overall feasibility of the mode.

BUSINESS IDEA GENERATION2
Table of Contents
1. Introduction.........................................................................................................................3
2. Discussion..............................................................................................................................3
2.1. Explanation of the market problem that needs solving and the reason why innovation
is required...............................................................................................................................3
2.2. Customer benefits to be generated by the idea................................................................4
2.3. Proposed business model................................................................................................4
2.4. Key interrelationships in the BM that would support the success of the idea................5
2.5. Critical success factors to be managed............................................................................6
2.6. Critical risks and assumptions.........................................................................................6
2.7. Feasibility of the idea......................................................................................................6
3. Conclusion..............................................................................................................................7
References:.................................................................................................................................8
Appendices:................................................................................................................................9