Milestone Project Report
Project Presentation
The aim of project three was to come up with a successful business idea and, in groups of two or three, research, plan, and present your own proposal. Within this proposal, we were required to keep in mind the business model canvas document to allow us, as students, to successfully create a business plan. We, as a group, decided to develop a platform that would allow young Mucisans to develop their practical skills and, at the same time, demonstrate their talent.
What I felt went well within this project was time management and collaboration in comparison to project two. Despite the lack of collaboration at the beginning stages of the project, we as a group were able to successfully collaborate to deliver a coherent and constant project within the given timeframe. We were also able to successfully and continuously communicate with each other to produce the outcome. I enjoyed working on this group project because it allowed each of us to learn from each other based on our prior knowledge and experience with regards to business management and marketing strategies.
After conducting extensive research, I was able to gain a better understanding of the subject. In further addition, I also felt that it was a struggle at times when working with my group members in order to complete my project due to a lack of collaboration and consistancy. However, I pulled it all together in the end. My next steps, upon receiving feedback from my peers and my lecturer, will be to understand what could be done better for future project submissions and to apply the feedback received. However, what I personally think I could do better is document the extensive research I have gathered. This will allow me to go in-depth when writing up my project reflection, but also when linking my findings to real-life examples of where businesses have applied these strategies.
Overall, in terms of the transferable skills learned and applied within this project, I personally feel that the best-reflected ones have been critical thinking, cognitive outsourcing, and time management. The reason why I believe their skills were reflected in this project was due to the fact that I was required to conduct extensive research on all the different methods and strategies for business implementation that are used to create a successful product or service. I definitely think that, however, it was an incredible learning experience and I am looking forward to the next trimester's projects. This project reflected skills that I strive to continually develop throughout my time at SAE as it will be something that I can reflect on and utilize within my future live sound engineering career.
Alabi, A. (2019). Small business, big money: How to start, grow and turn your small business into a cash generating machine. Get Altitude Nigeria.
An introduction to online platforms and their role in the Digital Transformation: En. OECD. (n.d.). Retrieved April 2022, from https://www.oecd.org/innovation/an-introduction-to-online-platforms-and-their-role-in-the-digital-transformation-53e5f593-en.htm
Kahneman, D. (2011). Thinking, fast and slow.
KINGSNORTH, S. I. M. O. N. (2022). Digital Marketing Strategy: An integrated approach to online marketing. KOGAN PAGE.
Reillier, L. C., & Reillier, B. (2017). Platform strategy how to unlock the power of communities and Networks to Grow Your Business. Routledge.
Top 10 web hosting site-builders of 2022. www.top10bestwebsitehosting.com. (2022, January 4). Retrieved April 2022, from https://www.top10bestwebsitehosting.com/websitebuilders-comparison?utm_source=google&kw=best+website+builders&c=506494528268&t=search&p=&m=b&adpos=&dev=c&devmod=&mobval=0&network=g&campaignid=12115798026&adgroupid=121905142920&targetid=kwd-68203961&interest=&physical=1000013&feedid=&a=212&ts=hi&topic=&test=&clicktype=&gclid=CjwKCAjwjZmTBhB4EiwAynRmD7LewB5XMQYQb9GIpJcBz_Y7EVZlIqctKTiYzNXYn2vhnpAxoXsswRoCITQQAvD_BwE
Yayici, E. (2015). Business analysis methodology book. Emrah Yayici.