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Title of Exercise: Is the Idea Feasible?
Round Submission Date: 5/1/2006 
Award Winner: Yes 
3E Competition Rank:
Author: Peter Svoboda
School:
Explains: Idea generation, Business plans, Marketing, Management, Feasibility and Customer Acquisition
Type of class exercise suited for:
Time needed (min): 120+ min
Number of students exercise ideal for: 31-40
Type of exercise: simulation
Exercise is conducted as: group of 2-5
Years exercise has been conducted 8-10

Abstract about idea/exercise

Is the Idea Feasible is a method used for the last 7-10 years that teaches a disciplined approach to students on how to assess the feasibility of an idea by developing an enriched vision of the business and projecting and gauging possible success by best case, average case, and worst case scenarios.

 

Feedback/comments received about idea/exercise
Many students have told me that it has been very valuable and a missing part of their education. It allows them to use their imagination and at the same time bring together many of the tools of their business education into a cohesive whole. Plus they have felt it was a very enjoyable experience.

 

Documents:  
  http://www.3e-learning.org/uploads/Kaufmann Contest May 31 Overview.doc

  http://www.3e-learning.org/uploads/Cash Flow Format - Alter for Your Individual Business.xls

  http://www.3e-learning.org/uploads/1776 Restaurant Map.pub

 

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