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Assignment for Next Week

What is going on in this photo?

Found out in Nesta’s New book. This is a must read. Pick your favourite idea out of the 527 listed here:

http://www.nesta.org.uk/library/documents/Social_Innovator_020310.pdf

You will be asked to present your favourite idea next week to the class on your blog. Make sure to link to http://www.nesta.org.uk in your post.

POST EXAMPLE:

THE OPEN BOOK OF SOCIAL INNOVATION BY NESTA.

Tip #85.

“Beta testing usually follows prototyping and concept testing and moves testing out to the users’ actual environment for a ‘real-world’ test. The service/product is introduced to a small number of people who are then tasked with trying it out and reporting back any problems to designers and manufacturers.”

By publishing worldwidebreastcancer.com to a large audience in Beta mode, I was able to discover what information visitors found interesting and adapted my website to better suit their needs.

Posted in assignment format.


Friday Afternoon Free

Hi MACER’s,

Due to a massive scheduling conflict, this Friday afternoon’s class will be free time for you to work on your essays, businesses, etc after the intensive last few weeks of challenges.

Well done on the progress you’ve made so far. Six weeks left to make your business the success it should be! I will be leaving comments on your blogs about your adverts so you have feedback to improve them, as well as the criteria you will be judged on for your final presentation.

See you at the Trade Fair tomorrow.

Posted in events.


Design Thinking Event, any takers?

On 13 April there is a design thinking expert panel event going on with a major design thinker: Roger Martin. (you may recognise him from your reading list ‘The Opposable Mind’)

The cost is £25 and includes a free book by Roger. It’s being held at the Savoy hotel.

Tuesday, April 13, 2010 – LONDON, UK
Rotman School Design Thinking Experts Series
TIMING: 1700-1730 registration; 1730 sharp to 1845 panel discussion/audience Q&A; 1845-2000 cocktails
TOPIC: “Why Design Thinking is the Next Competitive Advantage”
PANELISTS:
LUCY KIMBELL, Clark Fellow in Design Leadership, Saïd Business School, University of Oxford
PROF. ROGER MARTIN, Dean, Rotman School of Management, U of Toronto; Board Director, Thomson Reuters and Research in Motion and author of 5 books including  “The Design of Business: Why Design Thinking is the Next Competitive Advantage” (Harvard Business, 2009)
MODERATOR: TYLER BRULE, Founder, Winkreative; Editor in Chief and Chairman, Monocle magazine and Columnist, the Financial Times
PLACE: Simpsons-in-the-Strand Restaurant, Savoy Hotel, 100 Strand, London
FEE: £25.00 per person (includes the session, 1 hardcover copy of  “The Design of Business: Why Design Thinking is the Next Competitive Advantage” (Harvard Business, 2009) and cocktails)
TO REGISTER: Click Here
CANCELLATION POLICY: Cancellations received in writing prior to 5:00pm on February 3 will receive a refund less a £10.00 administration fee per person. If we do not receive written notice of your cancellation, you will be charged the full amount for this session. Substitutions are always welcome.
QUESTIONS: events@rotman.utoronto.ca or call 416-946-7462

Posted in Uncategorized.


Trade Fair Info 17 March

Trade Fair will take place at the Jacqueline Wilson Hall, Penrhyn Road campus on Wednesday, 17th March 2010. Open to the public from 4 – 7pm. You should be there at 3pm to set up. The exhibition is open to all students, members of staff and members of the public.  Photos will be taken on the day. Refreshments will be provided.

To maximise selling opportunities and to check out the competition, please make sure you:

- Visit the venue beforehand to make sure you see the area where you will be trading.

- Bring your own tablecloths/covers, products, samples, banners, business cards, adverts, leaflets, etc….. You will have one table (approx 3ft x 3ft) per business. There will not be any space to hang or stick things on walls

- Each student should ask at least 3 outside guests to attend from 4pm. So, 3 guests per person (not 3 per group!). These will be your customers so make sure they come!

- Dress smartly, business style

- Tables/stands will be allocated on the night on a first-come-first-serve basis, so make sure you arrive around 3pm (no earlier) to get the best slots!

Posted in events.


60 second advert, it’s showtime!

It’s time to make an advert for your business and put those iFlip cameras back to work.

The rules: It must less than 60 seconds. Your commercial can not be more than a minute!

Deadline: end of the week, published to YouTube and linked on your team blog. Then I will give you feedback to produce the final version.

What it needs to do:

Connect with your customer on emotional, physical and cognitive levels (EPC):

  • Emotional: Show why the product is fun, or relaxing or clever. Think about the personality of your company.
  • Physical: Show how it works.
  • Cognitive: Show why it makes sense to buy it or use it.

Then give details of how they can contact you to get what you are offering.

Here are some examples:

The pizza box: http://www.youtube.com/watch?v=gQBjJjpkjl0

  • Emotional: It’s good for the environment, now you don’t have to waste plates.
  • Physical: Look how it stores, separates and fits in the fridge.
  • Cognitive: Go to our website and get involved.

Pepsi, 1985: http://www.youtube.com/watch?v=BFEQ7aH7JDQ

  • Emotional: It is refreshing, makes you different from the nerds who take life so seriously.
  • Physical: It is in a can, you drink it. It has bubbles.
  • Cognitive: Pepsi makes this drink, go buy it.

Innocent Smoothies: http://www.youtube.com/watch?v=FVvjtavJFtA

  • Emotional: Look, I’m happy when I drink it because I feel healthy.
  • Physical: It is whole fruit, not just the juice. You get the full benefit. You drink it, we blend it.
  • Cognitive: Doesn’t it make sense to get more out of your fruit? Buy Innocent smoothies.

E-Trade: http://www.youtube.com/watch?v=E0_tfoTTGOQ

  • Emotional: finance should be fun and you can get rich
  • Physical: you will get money (but it doesn’t explain how, this is a commercial that assumes you know the service already and is a SuperBowl advert, meaning that it’s expensive, the story is more important than the product/service and is very short)
  • Cognitive: Get money by using E-trade.

What is your favourite commercial? Share it in the comments below and tell us what the EPC factors are.

NOTE: EPC terms are ways of identifying different aspects of your ‘value proposition’. This is just one way of doing it.

Posted in assignment format.


The Apprentice Challenges

The first of three challenges happened yesterday, and I was amazed with how quickly you were able to come up with ideas and put together a presentation. Well done! Thank you for your ideas, and for also giving feedback at the start of the term to put more activities like this in the module. It was an intense and challenging afternoon.

Something that I wanted to mention is that one of the main purposes of the Apprentice challenge is practice in experience in dealing with clients. Some of you may already be on familiar territory here, but knowing how to get answers out of your clients is an artform and it’s not easy.

Take for instance the questions you asked yesterday about budgets and target audience. Sometimes you will get a client that for one reason or the other is reluctant to give information. Perhaps they are worried they will give you a constraint that will limit your ideas. Maybe they don’t want to tell you they have a small budget. Or perhaps they just don’t know what they want. That is the most common reason—sometimes your client is so close to his idea that he doesn’t see it from a fresh perspective.

It’s also a special skill to point out what is wrong in a positive way. There was something a few of you got away with yesterday that would have potentially fired you in a real client situation: lack of tact. Knowing how to tell a client their idea is ugly, it needs to be done carefully. Compare it to a parent that has an ugly baby. You can’t just run up and say how hideous she looks. You have to point out the good points and then weave in why you believe some of it needs to be changed and how this can be positively done to improve the whole situation. For some this may be a cultural difference, for others a personality trait.

The reason why you got away with some of that was the fact that you were:

  1. not being paid, so you couldn’t be fired
  2. in a large group of people
  3. were seen as students so it was expected that you might be blunt

The question time at the start I think was one of the more valuable parts of the experience yesterday, so be thinking about how you can use that time wisely again next week. Perhaps the brief will be more specific. Maybe it will be full of contradictions. Either way when you ask the question keep in mind the following:

Do you sound generally interested in the idea? Being positive about the business is important as it can win over your client, knowing that you believe in his idea will make him more eager to be working with you. Only one person yesterday mentioned in their presentation that they liked the business! Every one of you should have had something positive to say about a client’s idea. I’m not saying to make something up, I’m saying to make sure you see what you like in the idea and communicate that to the client. Don’t just look for the problems, you must also look for what is right and then build on it from there. There will be times you are working on an idea you just don’t get excited about. That is okay. But keep in mind you won’t always be so lucky to work only on ideas you love.

Don’t be argumental. During the briefing, don’t start your question with an insult. Don’t sound accusatory. Don’t point out how obvious it was that the client should have known something or considered something before you thought of it. While you may feel this, you can’t show it. There are ways of being honest without being rude. Make sure you are on the positive side of honest. It’s about collaboration, not about being right.

That being said, I was impressed with what you were able to point out to the client yesterday:

“Your audience is too broad, be more specific.” <–what music genre should they focus on instead?

“Your website needs to be re-launched. Here are ways you can improve it.”

“You need to build on partnerships, here are some ideas…”

Have a good week, see you next Friday and be watching your email for the next Apprentice brief!

Posted in clients.


Your first apprentice challenge

Check your email and read the brief. Then, come to class with your ideas and get ready to compete!

The Real Channel (IPTV) Brief.

1. Background

The Real Channel is an embryo IPTV (Internet Protocol Television) company conceived to create and produce original, entertaining, addictive and interactive video content specifically for the web.

The aim of the channel is to take full advantage of the explosion in web TV viewing forecast within the next two years.

As with all broadcast companies, our lifeblood is the product (Shows and Programmes) we create and beam, or in this case, stream out.

The first programmes ready for broadcast are designed to tap a large audience of music lovers in the UK and internationally, one of them is known as GRM.TV.

2. GRM.TV

The second offering, GRM.TV, is for the 18-25 yr age group and specialises in new, unsigned and undiscovered musicians and bands. (This particular project is being supported by Dr David Osbon and Dr Will Brooker of Kingston University Faculty of Arts and Social Services).

GRM.TV is a ‘Discovery’ show. Its audience is searching for new sounds, learning about new genres and takes pride in identifying up and coming musicians. They have a multitude of listening and viewing opportunities, online, offline, in festivals, at concerts etc. They actively seek that which is new. GRMTV will bring ‘undiscovered’ unsigned new bands to them. Their value is in what they represent to a brand advertiser who seeks to communicate and capture this audience as their buying habits are being formed and to create longer term buyer interest and loyalty.

The format will be a monthly show featuring two (currently unknown) studio presenters and over time, a range of ‘roving’ presenters who will introduce and interview the new bands wherever they find them. This will be in pubs and clubs, university campuses and music venues across the country. The show will also include interviews with previously signed musicians in a segment called ‘Do you remember the first time.’ There will also be a section called ‘The Buzz’ providing musical updates, what’s hip and maybe not so hip in the music scene.

As the show evolves it will take on a further international dimension as guest bands from abroad will also feature, such that one month we might have a Chinese band, another  an Indian, then another a Venezualan etc. We will actively encourage unsigned bands producing original music and lyrics to participate.

As this is a web delivered product it will encourage conversation and comment on the bands, provide an opportunity for fans to introduce their favourite local bands and for musicians to advertise for band members or even for a job.

To pay its way it is intended that as the audience grows The Real Channel will seek brand owners who are willing to invest in advertising along the we7 model, through product placement and/or sponsorship.

Similarly, as the audience grows, e.commerce will become a likely option, raising significant revenues through a wide range of music related paraphernalia.

At this time we have not calculated the likely additional revenues from brand sponsorship or placement as typically they are subject to negotiation and the advertisers ‘belief’ in the likely value to their business.

In traditional media this has been difficult to evaluate but the more scientific data available on web usage and the consumer feedback mechanisms available make this a more attractive proposition to investors.

3. The requirement (your brief) is to launch the Real Channel and in particular ‘GRMTV’ to a worldwide audience of music lovers.

We are looking for a marketing communications plan which takes these monthly programmes from the film studio and editors suite into the lives of our audiences from the UK and internationally.

3.1 Objectives.

To create awareness and stimulate involvement in GRMTV through:

  1. A launch strategy: should it start in the UK and then go abroad? Or should the launch happen worldwide from the start? How should this be done within a limited budget?
  2. How should GRMTV build their audience and encourage interaction and feedback?
  3. How can GRMTV generate revenue from their audience or other partners?
  4. How should the format of the show be presented so as to generate the most interest?

4.1. Considerations.

Consider how you will construct an effective launch using the latest thinking and channels of communication to reach a very large potential customer (audience) base in the UK and abroad cost effectively.

Decide on a post launch strategy which will maintain excitement and involvement in the channel and its programmes over time.

The budget will be influenced by the strength and cost of the idea. Consideration to its’ deployment over time should be driven by your audience growth and cash flow projections.

Thank you for your interest in this project.

Websites: www.therealchannel.tv

www.grmtv.net

Posted in assignment format, events.


Win more money

Our next trade fair is taking place on 17 March. This time there are additional awards to be won (see previous post), all you need to do is fill out a 1-page form to be considered. Here is that form:

Top team, Graduate Young Enterprise team award

To be awarded at the Enterprise Celebration Event

on Wednesday, 17th March 2010

Criteria

Full name of the team

Names of the team members

Description of the business ( 50 words max)

Turnover up to date

Profit up to date

Marketing strategy (including all selling opportunities, such as: markets, LRC, Trade Fair….)

What do you consider to be your biggest achievement?

What is your biggest mistake/weakness and how have you dealt with it?

What are your future plans?

This form must be must be submitted by 5pm, Monday 8 March. Please keep appendices and additional materials to a maximum of 4 pages. Entries received after the deadline will not be considered.

All entries must be submitted via email to: kuec@kingston.ac.uk

The subject field should read: Entrepreneur of the Year, 2010

Entries should be sent as a Microsoft Word File attached to the email.

Awards Presentation

Winners will be announced at the Kingston University Enterprise Celebration Event on Wednesday 17 March.

Those nominated should attend the event; if this is not possible they should notify Enterprise Support beforehand by email to: kuec@kingston.ac.uk

Judging

Judging will be done by panels of entrepreneurs and Kingston University staff. The judges’ decision is final and no correspondence will be entered into.

Posted in awards.


Kingston University Enterprise Awards

Kingston University Enterprise Awards

These new annual awards will recognise and celebrate the achievements of Kingston University students and graduates who are involved in entrepreneurial activities including commercial enterprises, social enterprises and projects.  Winners in all categories will be announced at the Kingston University Enterprise Celebration Event on 17 March 2010 and will receive a cash prize and a certificate. Judges include entrepreneurship staff, external entrepreneurs and alumni.

  1. 1. Student Enterprise Champion, 2010:

Chosen by the Kingston University Entrepreneurship team, this individual will have made a contribution to the promotion of student enterprise activities and enhanced the university’s reputation in this field. They will be a good communicator who has encouraged others to participate in the Kingston Entrepreneurs Society and various enterprise events. (Prize of £100)

  1. 2. Top Team, Graduate Young Enterprise, 2010:

Chosen by the Kingston University Entrepreneurship team, this group will have worked collaboratively to successfully establish an enterprise or run an enterprise project as part of the Graduate Young Enterprise (GYE) module at Kingston University. (Prize of £200)

  1. 3. Most Enterprising Student, 2010:

NOW OPEN for nominations from students or staff (self nominations are acceptable)

The award will go to a student who has established an enterprise or run an enterprise project while attending university. Nominees must have convinced others of the viability of their business concept and attracted financial assistance and support from diverse sources. They should have evidence that they have developed activities through networks and collaboration with university staff and students. (Prize of £100)

  1. 4. Best Social Enterprise, 2010:

NOW OPEN for nominations from students or staff (self nominations are acceptable)

The award will go to the student or recent graduate (since January 2008) who has established an enterprise which addresses a social need as evidenced by demand. The nominee will have a clear view of the nature and scale of the intended community impact. They will be the owner/manager of a viable established enterprise, or leader in a project based organisation. The nominee will be able to demonstrate success (fundraising activity, established communications and marketing channels). They will have examples of how they have overcome obstacles, dealt with uncertainty and leveraged resources. (Prize of £100)

  1. 5. Entrepreneur of the Year, 2010:

NOW OPEN for nominations from students or staff (self nominations are acceptable)

The award will go to the student or recent graduate (since January 2008) who has been most successful in establishing a new enterprise with the help and support of the university. They will be the owner/manager of a viable established social or commercial enterprise, or leader of a project based organisation. The nominee will be able to demonstrate financial evidence of success (sales, fundraising activity, submitted accounts, established communications and marketing channels). They will have examples of how they overcame obstacles, dealt with uncertainty and leveraged resources. (Prize of £200)

Nomination Forms can be downloaded from StaffSpace:

http://staff.kingston.ac.uk/C18/KU%20Entrepreneurship/default.aspx

All entries must be submitted by 5pm on Monday 8 March to:

kuec@kingston.ac.uk

For further information about the new Enterprise Awards contact:

Dr Martha Mador, Head of Enterprise Education

E: m.mador@kingston.ac.uk T: 020 8417 3604

Posted in awards.


Intellectual Property Workshop

This Wednesday 17 February 4-6 pm.

John Galsworthy Building (Penrhyn Rd)

Book via email: kuec@kingston.ac.uk

EES02_2010_feb-02

Posted in events.