Description
- objectives
- On successful completion of this assessment, students should be able to:
- identify a problem that can be addressed through a valid business model,
- analyze the problem and conduct research to support the identification of the problem utilizing primary and secondary resources, and
- offer realistic solutions demonstrating their idea is a valid opportunity and identify what make it so.
- Brief Description
- The first step in starting an entrepreneurial venture is to identify a problem and the second step is to shape a solution that creates a viable business model. In this assignment, students use primary and secondary research to support the identification/and or preliminary validation of the problem they feel is driving an idea identified in the Idea Journal assignment. For example, if a student felt there was a lack of access to healthy and affordable food for college students. Their research assignment should verify this is a problem –and describe the scope of the problem. After the problem is selected and researched, the students receive feedback evaluating how effective they were at creating a compelling analysis/discussion of the problem. Students conclude the assignment by providing a solution to this problem through the creation of a new business. This assignment is no more than 5 pages in length and should include links to survey data and results, questions, and secondary sources. This should include a bibliography of sources you used to gather the information. Submission InstructionsWrite a paper about a problem and a possible solution. Each paper should include an introduction and conclusion, should be 4-6 pages (double spaced), 2.54 cm margins (the default on MS Word), and 12 pts size. The paper should follow the APA guidelines for format and citation. In your assignment you should:
- Identify the problem the venture will address and its scope.
- Support claims about the problem with appropriate sources, including at least three academic sources such as books, juried articles found in the YU library.
- Demonstrate the validity of the idea and identify what makes this a true opportunity.
- Evaluation
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
1
Entrepreneurial Problem and Solution for a Business Model
Student’s Name
Institution
Course Code: Course Name
Instructor’s Name
Date
2
Entrepreneurial Problem and Solution for a Business Model
Introduction
Major cities worldwide continue battling the problem of vehicle congestion in their
business districts. These congestions limit the movement of people across towns and offices
within those towns. In many cases, employees turn up for work late in the morning hours when
traffic is at its peak, with nearly everyone headed towards town rushing to beat the traffic they
help create. City planners and authorities have developed various strategies to decongest major
cities, including introducing vehicle bans in the central business districts for some days of the
week (Rajé et al., 2018). Unfortunately, these efforts have had minimal impacts on decongesting
cities. Moreover, the environmental impact of these vehicles congestions across major financial
hubs and cities remains high, with greenhouse gas emissions from these regions continuously on
the rise. Therefore, it calls for new ingenious and environmentally friendly solutions to this
public transport menace across cities without affecting individuals' lives negatively.
Problem Statement
When the novel coronavirus struck the United States early in 2020, satellite images
showed a significant difference between the cities' atmospheric composition before the cities
went into lockdown mode and during the lockdown, when vehicle movement into towns was
limited (see appendix 1 below). These images show how reducing petroleum-powered vehicular
transport could also help to reduce environmental pollution on a larger scale (Plumer &
Popovich, 2020).
Recent studies have also shown a significant positive correlation between vehicular
emissions, especially in congest...
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