Business Development MODULE
This course introduces basic Business Development techniques which can be beneficial for Engineers when planning implementation and development of new technology to improve operations or choice of said technologies when evaluating alternative investment opportunities.
Why Business Development is key to making involved rational decisions.
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Lesson Description
Introduction: Why Business Development (Lesson 1): Provides information about why engieers should learn the discipline and methods of Business Development in connection with courses in innovation and robotics.
Keywords: History, methods and how to choose or sell new technology.
Sustainability Goals (Lesson 2): Introduces the United Nations Sustainability Goals as a concept and examines what use they are for design engineers.
Keywords: Sustainability, Social Responsibiltty, Circular economies.
Framework: Micro, Meso, Macro effects (Lesson 3):Â Understand and Describe & addresses Micro, Meso and Macro effects in Business Development.
Keywords: Micro, Meso and Macro effects
Framework: VRIO analyses (Lesson 4): Accessing Internal Competitve advantages.
Keywords: topics, Competitve advantage
Framework: Porters 5 forces (Lesson 5): Understanding Indusrial Competition..
Keywords: 5 forces.
Framework: Pestel (Lesson 6): Evaluating external business factors.
Keywords: PESTEL
Framework: SWOT & TOWS (Lesson 7): Turning insights into strategy.
Keywords: SWOT, TOWS
Framework: Business Model Canvas (Lesson 8): Structuring Business Strategy.
Keywords: BMC
NPV vs ROI (Lesson 9): understanding the key factors in profitable business plans and understanding the difference between methids and when you should use each to make qualified business decisions.
Keywords: Net Present valu, break even Return on Investmetn Internal Rate of Return (IRR)
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