Developing a Business Model for an Entrepreneurial Venture in Creativity, Design and Entrepreneurship

Creativity, design and entrepreneurship 1
Student’s Name
University
Course
Date

Creativity, design and entrepreneurship 2
Executive summary
The Main aim of writing this report is to develop a business model for a new venture. I will
employ my creativity, knowledge about users and the fluctuations in the global market place,
and also the understanding of the course readings. The report will consist of three
components, that is: A presentation of the three business venture concepts summaries and one
fully developed business model for an entrepreneurial venture, a step-by-step explanation of
the process of business model design, and a critical reflection on the process of creating an
entrepreneurial venture using the course reading about theory and practice in regards to
creativity, design and entrepreneurship.

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Table of Contents
1.0 Introduction...................................................................................................................................4
2.0 Business to business concept.........................................................................................................4
3.0 Infrastructure concept...................................................................................................................6
4.0 E-Diagnosis concepts for patience................................................................................................6
5.0 Business model for E-Diagnosis....................................................................................................7
5.1 Research method........................................................................................................................8
5.1.2 Content analysis..................................................................................................................8
5.1.3 Data Mining method...........................................................................................................9
5.1.4 Research Findings...............................................................................................................9
5.2 key partners...............................................................................................................................9
5.3 key activities.............................................................................................................................10
5.4 key resources............................................................................................................................12
5.5 cost structure............................................................................................................................12
5.6 value proposition......................................................................................................................13
5.7 customer relationships.............................................................................................................14
5.8 Channels.............................................................................................................................15
5.9 Customers...........................................................................................................................16
5.10 Revenue stream......................................................................................................................17
6.0 A step-by-step explanation of the process of business model design........................................18
7.0 A critical reflection on the process of creating an entrepreneurial venture............................19
8.0 Conclusion....................................................................................................................................20
7.0 References.....................................................................................................................................21

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1.0 Introduction
Social change and wealth are created by individual who have commitment and strive on
their own. These people are much devoted to worthy enterprises and tasks that always
make difference in the society and the entire world. A person who assumes the initiation
of a business or an enterprise that has an opportunity of making profit or achieving
success is referred to as an entrepreneur. An entrepreneur can be easily distinguished
through his or her ability to accrue and manage knowledge and also the capacity to
mobilize resources in order to achieve a certain business objectives or social goal
(Bocken, Short, Rana & Evans, 2014).
An entrepreneur is an audacious, artistic deviator from established business practices and
methods who persistently seeks a prospect to commercialize fresh business, processes,
technologies and arrangements.
I consider myself as an upcoming entrepreneur, the skills I have gain so far through
learning makes me to believe in myself. I am able to apply creativity, strive to respond to
customer challenges, create visions and be a solution to people’s problems. I am also
ready to forge new ventures and risk failure, nevertheless I persistently seek success.
I will prove my entrepreneurship skills in this report by summarising three business
venture concepts and provide business model for one of the business concepts.
2.0 Business to business concept
A large company that package materials with large sales, distribution and marketing
capabilities can creates several business concepts to be part of the planning strategy.
2.1 The concept

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Start to vend and dispense biodegradable packaging to companies in Canada,
The United States and Mexico in order to capitalize on the firm’s needs to
indicate evolution on their sustainability objectives.
2.2 Customer needs
The current situation is that small number of packaging in the South American
fast-moving consumer goods segment is biodegradable. In the past few years, the
value of the biodegradable materials reduced to an extend that it could be
compared to traditional plastics. I consider this as an opportunity because most
large companies in this industry initiated an objective of creating products and
most of their operations to be sustainable.
2.3 Opportunity
Given that the current customer relationship, network, experience and distribution
in the packaging industry, I would be in a unique and be in a position to capture
important market share in this developing and strategic production sector.

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3.0 Infrastructure concept
The concept
To build a high-speed rail that would exist between Chicago and New York, the rail
would capture most variety of business that are enjoyed currently by airlines that operate
this route because it would be cheaper, convenient and faster.
Technical feasibility
It would be a technical feasibility for a fast moving train to beat a plane moving on 600
mile route if time that is needed to get to move in and out of the airport is considered. The
assumption for this is that the security department for speedy rail doesn’t care about early
check in and another assumption is that the rail lines are control from train stations that
are nearer than to the population centres than airstrips.
Financial feasibility
I have little knowledge on the start-up cost and the operational cost. I still need to carry
out feasibility study that will enable me to estimate return on investment.
4.0 E-Diagnosis concepts for patience
Developing countries in the modern day have certain major problems in the current
healthcare system that cause confusion to patients. An example of the problems are
related directly with selecting a suitable medical specialty and amongst specialist. Due to
unavailability of structural healthcare facilities, there is need to seek guidance when
choosing the most appropriate diagnosis and treatments of patients with different diseases
and physical disabilities, there is need to give patients basic knowledge on self-treatment
methods, there is need to eradicate current boring diagnostic procedures and treatment,
there is need also to reduce the cost of diagnostics and treatment of diseases, the heath