Once you have received a grade for Residency Assignment 1 Proposal, you may now proceed to the research portion of the Residency assignment. Remember to distribute team responsibilities for each member of the team.
In Residency Assignment 1, your team determined where there is a gap in the current market. Using the market and proposed company from Residency Assignment 1, your team will research and gather the following information. This information will be used for your Residency Assignment 2 during the residency weekend. Directions for this assignment will be received on Friday evening.
- Identify opportunities in the market. Where is the gap in the current industry and how will your product or service fill that gap?
- How will you obtain funds for the project? (are you asking for funds or obtaining from another source?)
- How much funding is required to start your proposed company?
- What resources are required?
- Hardware
- Software
- Other support IT to get the systems up and running (networking, database, etc…)
- People
- Equipment
- Office Space
- Etc…
- What organizational learning concepts and theories that will be used?
- How will your company integrate IT Resources?
- What type of teams will be required? (Virtual, local Teams?) Why?
- What ethical and legal implications will need to be addressed?
- What cyber security and privacy of information will need to be managed?
- Identify some of the best practices that your team will implement in the organization and why
- What is the time frame to launch?