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SmithX Information Session BPS: Applied Biomimetics.

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Presentation on theme: "SmithX Information Session BPS: Applied Biomimetics."— Presentation transcript:

1 SmithX Information Session BPS: Applied Biomimetics

2 Business Problem Solving Consulting Practicum Dr. Neta Moye – Business Problem Solving Consulting Practicum Sponsor – Academic Director, Smith Experience Program – Professor of Management – nmoye@rhsmith.umd.edu

3 BPS: Business Problem Solving Consulting-based projects Thorny problems that need MBA skill sets to solve them Any organization, any size, any industry Where can we apply this technology? Which industry niches can we exploit? Where can we most rapidly gain some cash flow, to continue to fund the R&D? WE STRIVE TO REPLICATE NATURE’S OWN WAY APPLIED BIOMIMETICS

4 This is a strategic business planning project Commercial markets What niche should we exploit? The ONE or TWO niches that have an end user where entry barriers are lowest, suppland we can create the most value

5 A chance to apply Porter

6 Best Niche

7 Project Details Two deliverables, at roughly 7 weeks and 14 Week 7: Proposal: which 2-4 niches do you recommend Week 14: Recommended plan for market entry

8 Additional Details A consulting skills “practicum” of 10 hours to accompany the project Kick off Mid-project client management Prep for final presentation

9 Next Steps Applications Open October 24 th Close October 31st


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