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<p><font face="Calibri" size="3">Hey all -- this is what was used in last year's business competition for the judges. A similar (if not identical) set of guidelines will be given to this year's judges. I am going over this topic in the April 12 meeting. (Tonight)<br>
</font></p><p><font face="Calibri" size="3"><b>Guidelines for
Final Judges for the 2010 Business Plan Competition. </b></font></p>
<p><font face="Calibri" size="3"><b>These proposals
are all at very early stages of conceptualization and therefore they should
be judged on the articulation of their
proposal,
identification of potential obstacles and plan for testing their ideas.
The students have been instructed that financial projections are not
required because for the most part, a good deal more research and testing
needs to take place. <i>Please do not consider whether you believe their
ideas have any potential in the market, or that there may be any
revenue potential</i>.
Their main learning challenge is to adopt proper research and
methodologies necessary to both devise and revise their ideas and
consequent planning.</b></font></p><p><font face="Calibri" size="3"><b>You are to evaluate their presentations on the following criteria:<br>
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<ol type="1"><li><font face="Calibri" size="3"> Did they define their
mission
in a clear, concise manner? Were you left scratching your head? Do
they appear understand their challenge and are employing proper
methodologies in their self-assessment?<br></font></li><li><font face="Calibri" size="3">Are they well acquainted
with the industry and market in which they plan to operate? Are
they clear about what they know and don’t know as well as how they
intend to answer remaining questions?</font></li><li><font face="Calibri" size="3">Have they described carefully
and in detail their proposed product or service and how they intend
to construct and test a prototype?</font></li><li><font face="Calibri" size="3">Do
they understand their barriers to entry? Have they given them proper
weighting in their priorities in what problems to solve first?</font></li><li><font face="Calibri" size="3">Does it appear that they've thought
thoroughly about the problem from all sides? Have they oversimplified
anything? Are their assumptions valid?<br></font></li></ol>
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