Biz Plans
The Strathmore students submitted their draft business plans today and they look pretty impressive. Each team will do a short "elevator pitch" for their plans on Friday, then will present a longer presentation and submit a final business plan at the end of the course. We are going to have a business plan competition with cash prizes based on these presentations and plans.
As an experiment, we're going to have each student simulate investing among the other teams' companies. The peformance of the company will be based on their performance in the business plan competition. The students who invest in the winning companies will recieve a proportional amount of extra credit in the class (but no cash). Teams won't get any extra points for the amount of investment they receive -- otherwise they could game the system. Of course, teams confident in their own ability can invest in their own plan and get even more credit if they win.
As an experiment, we're going to have each student simulate investing among the other teams' companies. The peformance of the company will be based on their performance in the business plan competition. The students who invest in the winning companies will recieve a proportional amount of extra credit in the class (but no cash). Teams won't get any extra points for the amount of investment they receive -- otherwise they could game the system. Of course, teams confident in their own ability can invest in their own plan and get even more credit if they win.
posted by Steve Weis at 4:28 PM
1 Comments:
Thats a brilliant idea..having teams invest in each other..Iv ebeen involved in competitions where we critique each other, but the investment angle adds a new flavour to it!
Someone should set up a website/ blog that throws in their elevator pitches and summurized executive summaries..would give them some great exposure..and make for a great read for those of us kenyans interested in enterprising Kenyans! (and no they dont have to spill out their IP, they should think of it as marketing and the cost of doing bizness!)
Post a Comment
<< Home