***I am ONLY responsible for doing section 2 of this project.******So, ONLY do section 2 of this project***Guidelines for Team Innovation Pitch PresentationYour team will research and identify a new idea for an innovation that has potential business value. This may be an idea for a new product, service, process, technology, or method of delivery that has a business purpose. The focus is on the innovative idea itself, not the creation of a business (or business plan) to support, deliver, or sell that innovation. Your team will prepare a pitch presentation and post it to D2L. The format and criteria for evaluation of the presentation are below. You will add notes to the slides to explain any information depicted on the slide, as appropriate. Suggested length of the presentation is 11-13 slides (suggested number for each section is below) This assignment is worth 30% of the course grade.Section 1: The Design Thinking Process (approx. 5-6 slides) 45 Points Problem Definition: (15 Points):Demonstrate the design thinking process: include the empathy map that shows consumer needs/frustrations, define the problem or opportunity clearly, and demonstrate a creativity tool to ideate solutions. Description of the Innovation and its Potential Value (20 Points): Describe your idea as specifically as possible. Use photos, drawings or any prototype, and narrative to explain the innovation and how it works.How does it solve a problem, or help individuals or companies embrace an opportunity? Use of an Idea Evaluation Method, 1 slide, (PMI, ALUO or the Idea Grid) (10 points) to objectively assess the idea. This slide summarizes the major contribution of your idea and any recommendation for overcoming some of the potential weaknesses. Note: It is recommended to complete this evaluation after you have conducted industry and market research since your research will inform this evaluation.*** Section 2: The Context (approx. 5-6 slides) 45 Points Identify and Describe the Industry for your Innovation (20 Points).What are some major trends in the industry? Who are the majorcompetitors and what are their major strengths and weaknesses? Identify and Describe the Market(s) for your Innovation (20 Points). Provide information, such as statistics, demographic information and research on the market’s preferences to support the fit between your proposed idea and the market(s). Discuss the Social Values, Norms, and Trends that Impact your Idea (5 Points). Discuss the ethical concerns or legal/regulatory factors that could affect the innovation’s success.***Section 3: The Lean Canvas: (1 slide), 10 Points. This is a one-slide summary of your innovation, and includes a concise description of the problem, solution, competitive advantage, customer segment, key metrics, etc. A template is provided in D2L.References: Provide citations for sources used in the presentation on a references slide at the end of the presentation file….The Idea we picked as a team for this project is a Global Village. Below is a discussion with my group about this idea.”I think we could possibly do a global event where we set up a global village full of hubs. Each hub would consist of the country’s most famous dishes made authentically. The global village would also host international friendly games where people could also meet other people from different backgrounds and nationalities. The event would also include exploration hubs where visitors get the chance to see each country’s dances and learn a brief history about the dance itself. One of the challenges we could face is finding a location where we would be allowed to set up such an event.””As a lover of travel, I like the idea of the Global Village. Given not everyone can travel to other countries for various reasons, I think this would be an opportunity for those to experience new cultures, food, and ethnicities without having to leave the country. In terms of finding a location for this, maybe this could be a pop up that travels to different cities vs. one stagnant location? Just a thought”
