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Process Model Answers Flashcards

1
Q

1-3 year budget projections

A

Finance Development

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2
Q

Assemble the team

A

Strategy Development

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3
Q

Assess current capacity of team

A

Strategy Development

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4
Q

Belief and behaviors

A

Opportunity Assessment

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5
Q

Can they be overcome?

A

Competative Assessment

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6
Q

Can we make a profit?

A

Opportunity Assessment

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7
Q

Commonalitites

A

Competative Assessment

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8
Q

Company structure

A

Implementation/Launch

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9
Q

Competitors strategy?

A

Competative Assessment

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10
Q

Conduct initial risk assessments

A

Strategy Development

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11
Q

Consumer profiles

A

Market Research

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12
Q

Connect systems development to strategy and risk plans

A

Technical Development

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13
Q

Customer values

A

Market Research

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14
Q

Cost Analysis - start-up, monthly

A

Finance Development

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15
Q

Do we have resources?

A

Opportunity Assessment

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16
Q

Determine strategic elements: image, commitment, organization, approach, performance, price, experience, & past experience

A

Strategy Development

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17
Q

Does it accomplish what it set out to do?

A

Web Review

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18
Q

Does it match the company’s stategic business plan?

A

Opportunity Assessment

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19
Q

Ease of use, speed, purpose

A

Web Review

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20
Q

Equity and/or debt funding

A

Finance Development

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21
Q

Exit Opportunities - as strategy determines or as opportunities present themselves

A

On-going Innovation

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22
Q

Feedback from consumers

A

Web Review

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23
Q

Follow-up, make improvements

A

Web Review

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24
Q

Full financed debt or equity

A

Finance Development

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25
Q

How will it be managed? Updated?

A

Technical Development

26
Q

Idea and concept development

A

Opportunity Assessment

27
Q

Identify all risk elements

A

Risk Assessment

28
Q

Is the opportunity real?

A

Opportunity Assessment

29
Q

Is the technical infrastructure avaliable?

A

Technical Development

30
Q

Limited or minimum capital

A

Finance Development

31
Q

Legal environment

A

Implementation/Launch

32
Q

Market size

A

Market Research

33
Q

Market Strategy

A

Market Research

34
Q

Marketing

A

Market Research

35
Q

Match people’s strengths with tasks

A

Strategy Development

36
Q

Minimize financial risks

A

Finance Development

37
Q

Mimimize overall risk to everyone involved

A

Risk Assessment

38
Q

Out with the old and in with the new

A

On-going Innovation

39
Q

Preferred user experience

A

Web Review

40
Q

Preliminary assessments all categories

A

Opportunity Assessment

41
Q

Reality testing

A

Opportunity Assessment

42
Q

Reduce risk elements to low

A

Risk Assessment

43
Q

Return on investment

A

Finance Development

44
Q

Revenue projections

A

Finance Development

45
Q

Review as a user

A

Web Review

46
Q

Short term, long term, and start-up strategy

A

Strategy Development

47
Q

Superior technology

A

Technical Development

48
Q

Sweat equity

A

Finance Development

49
Q

Systems development process

A

Technical Development

50
Q

Unique features

A

Technical Development

51
Q

What are the physical infrastructure needs?

A

Technical Development

52
Q

What are their strengths?

A

Competative Assessment

53
Q

What are their weaknesses?

A

Competative Assessment

54
Q

What specific product or service?

A

Market Research

55
Q

What technology will be used?

A

Technical Development

56
Q

Who are the competitors?

A

Competative Assessment

57
Q

Work the plan into place with the process

A

Implementation/Launch

58
Q

Your competitive advantages

A

Competative Assessment

59
Q

Your strengths and weaknesses?

A

Competative Assessment

60
Q

Zero or no debt

A

Finance Development

Ecommerce (3 decks)

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