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Assessment Criteria: Business Idea: 0. Effective explanation of the customer/market problem that needs solving and/or the reason the innovation is required. (10%) 0. Persuasive argument of the...

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Assessment Criteria:
Business Idea:
0. Effective explanation of the custome
market problem that needs solving and/or the reason the innovation is required. (10%)
0. Persuasive argument of the benefits to be generated by the idea (10%)
0. Discussion of the proposed business model (15%)
0. Critical success factors to be managed during execution of the idea (15%)
0. Evaluation of the feasibility of the idea (10%)
0. Quality of written submission, referencing (10%)
Quality of contribution and collaboration
1. Individual student has demonstrated they worked productively in the team, including the ability to
ainstorm with others to generate a viable idea set and to solve project problems collaboratively (10%)
2. Evidence that the individual student has helped the group reach consensus on the most viable idea to take forward for Assessment 3 (10%)
3. Evidence that the individual student has been proactive in ensuring the the successful completion of the portfolio of materials for the pitch in Assessment 3 (10%)
Idea generation
It is actually the idea for the report so please have a look and it will surely help to prepare good report.
Just a framework:
Problem:
The main focus of my research is to overcome a ba
ier between real estate agents and their clients trying to find a better place for a lease or for rental provision. The real estate agents are very busy so usually clients have to wait till weekends so as to visit the house or shops, they wish to rent. It has created a problem for clients as it’s not efficient to visit house only on weekends as the clients might have family plans or willing to have rest whole weekends.
Idea to overcome:
I have an analysis of designing an open door lock system such that it can be unlocked by inserting a passcode that it will unlock a small compartment that allows the view to remove the key and unlock the door.
Features of door lock system:
1. Actually, the door lock system is a small compartment where key of the property is stored for easy access to clients.
2. The passcode of compartment is set by real estate and will varies every time once used by one client.
When it comes to security reason of the property, the real estate will have detailed information of the clients and cc camera could be stored just in front of door for further security.
this is written by one of my group member. The problem should be of same theme as there is a separate marks for group discussion and contribution. Please mention the problem similar to this picture.
thanks.
Answered Same Day May 02, 2020 MGMT20143 Central Queensland University

Solution

Sangeeta answered on May 06 2020
138 Votes
0. Effective explanation of the custome
market problem that needs solving and/or the reason the innovation is required. (10%)
There is no doubt in the fact that buying or leasing property has turned out to be a lengthy and difficult procedure. The main focus of my research is to overcome a ba
ier between real estate agents and their clients trying to find a better place for a lease or for rental provision. The real estate agents are very busy so usually clients have to wait till weekends so as to visit the house or shops, they wish to rent. It has created a problem for clients as it’s not efficient to visit house only on weekends as the clients might have family plans or willing to have rest whole weekends. The individuals who wish buying the property need to visit the specific property several times for the purpose of inspection. This is certainly a troublesome procedure for both i.e. the person who wants to buy the property and the person who wants to lease or sell the property. Many times real estate agents couldn’t schedule the visit for their client due to highly occupied work schedule. Moreover, in case if two or more parties wish to see the same property and could visit it at different times, then it gets quite difficult for real estate agent to manage the schedule of all the parties. Additionally, it is also not possible for them to hand over the keys to the parties to have a look at the property themselves due to high security reasons. Damage to property as well as theft are considered as being the two key issues associated with key handling. Additionally, the clients also face issues at the time of cleaning or maintenance of the property since they do not have keys.
1. Persuasive argument of the benefits to be generated by the idea (10%)
In such a situation an open door lock system could be installed at all properties. The designing of an open door lock system should be such that it can be unlocked by inserting a passcode that will unlock a small compartment that allows the view to remove the key and unlock the door.
Features of door lock system:
· Actually, the door lock system is a small compartment...
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