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You are required to research or develop an innovation aimed at expanding access to affordable, quality healthcare.

Assignment Brief

You are required to research or develop an innovation aimed at expanding access to affordable, quality healthcare.

You must chose and complete one of the tasks below:

Task 1

  • (LO3, LO4) Analyse the risks associated with the innovation that you have researched or developed; in relation to expanding access to affordable, quality healthcare. (90 marks) OR

Task 2

  • (LO3, LO4) Analyse the risks associated with the launch plan (element of the business plan); in relation to exploiting the business opportunity that the innovation presents. (90 marks) OR

Task 3

  • (LO3, LO4) Analyse the risks associated with the operations plan (element of the business plan); in relation to the going-concern principle related to extracting value from the innovation. (90 marks) OR

Task 4

  • (LO3, LO4) Analyse the risks associated with the management plan (element of the business plan); in relation to how the business will be run and due diligence exercised. (90 marks)

Additional 10 marks are available for Harvard referencing and clarity of expression

Introduction

  • Explanation of what you will be discussing, brief background / context for your innovation

  • Discussion

Main Body

  • Description of the innovation and technology

  • Who is the product/service for?

  • Look at Demographic (segmentation) factors: Age, Location, Gender, Income level, Education level, Marital or family status, Occupation, Ethnic background, etc.

  • Look at Behavioural (segmentation) factors: actual purchase amount and frequency of purchase, etc.

Risks

  • So what are the risks associated with your innovation and its technology?

  • What might be the risk factors in relation to segmentation of the market?

Conclusion

  • References

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