The Digital Marketplace ARCH11005

The Digital Marketplace: course schedule

Session Date Topic Venue Assignments Due
1 Tuesday 18 January 2011

16.00-18.00

Introduction to the Digital Marketplace and Entrepreneurial Ventures

Lecturer:

Michael Clouser

Appleton Tower (AT) room 2.12
2 Tuesday 25 January 2011

16.00-18.00

The Internet and Electronic Marketplaces

Lecturer:

Michael Clouser

AT 2.12
3 Wednesday 26 January 2011

19.00-21.00

Writing a Business Plan + Drafting a Presentation

Lecturer:

Michael Clouser

AT 2.12
4 Tuesday 01 February 2011

16.00-18.00

Human Resource Strategy

Lecturer:

Michael Clouser

AT 2.12
5 Tuesday 08

February 2011

16.00-18.00

Business Models in Electronic Distributed Media

Lecturer:

Michael Clouser

AT 2.12
6 Monday 21

February 2011

19.00-21.00

Selling

Lecturer:

Michael Clouser

AT 2.12
7 Tuesday 22 February 2011

14.00-18.00*

*special 4 hour session

Presentation and Pitching

Guest Lecturer:

Bill Joos

Venue TBA
8 Monday 28 February 2011

19.00-21.00

Optional Session

Accounting and Finance

Guest Lecturer:

Michael Clouser

AT 2.12
9 Tuesday 01 March 2011

16.00-18.00

Intellectual Property for the Digital Marketplace Entrepreneur

Guest Lecturer:

Candice Donnelley, Solicitor, Pinsent Masons LLP - Edinburgh

2nd Half:

Emily Walters, founder EW Multimedia - Edinburgh

AT 2.12
10 Tuesday 08 March 2011

14.00-18.00

*NB 4-hour session

Bootstrapping the Venture: Financing the Venture & Marketing Strategy

Guest Lecturer:

Trevor Loy, Founder, Flywheel Ventures

AT 2.12
Deliverable 1

For 20 point version of DM only

Friday 04 March

2011

Before 16.00

Evaluation of a System: Due by 16.00 to Alison House Graduate Office
Deliverable

2

For both 10 and 20 point versions of DM

Monday 18 April 2011

Before 16.00

Business Plan, Presentation, and Executive Summary: Due by 16:00 to Alison House Graduate Office
Pitching Day TBD - May or June 2010

THE DIGITAL MARKETPLACE

SPRING 2011

  • Tutorial: A two hour tutorial is required attendance, and will cover two areas: Writing a business plan + Drafting a presentation. This will be held on Wednesday 26th January from 19.00-21.00.
  • Office hours are every Monday between 6:00 pm and 8:00 pm in room 8.11, Appleton Tower. The first session will be Monday, January 24th 2011, and the last will be Monday, March 21st, 2011.

*Teams size will be limited to 3 members each.

Events:

  • The Entrepreneurship Club at the University of Edinburgh has a full schedule of Events commencing in January of 2010. See the event schedule here.
  • Informatics Ventures has events on as well. You can see the event list here.
  • Launch.ed.ac.uk serves students at the University of Edinburgh. You can find the event list here.

The Digital Marketplace

Spring 2011

SHORT DESCRIPTION

In this course students will conduct a case-study, evaluating against commercial criteria a commercially-oriented web site chosen in consultation with teaching staff. The study centres on what is required for the development and commercial exploitation of a system and how this relates to its design. The study then moves to the development of a business plan and presentation, informed by the evaluation exercise, to commercialise a digital design idea which will preferably be one developed by the student (e.g. the prototype site developed in P00177), otherwise one chosen in consultation with teaching staff. This is set against the general context of business practice: entrepreneurialism, intellectual property, company creation, raising of funding, market assessment, product development, marketing, etc.; as well as relevant aspects of the contemporary cultural and philosophical study of such practices. The course will be based on study of online resources, guest speakers, with discussion in lecture/seminars, and will be relatively self-directed.

“The highlight of the course will be a presentation to a panel of experts who will provide feedback on the business plan and presentation.”

This course is developed and presented by the School of Informatics, with support from Scottish Enterprise and the European Union. Visiting speakers will play a prominent role.

SUMMARY OF OUTCOMES

At the end of this course students will be able to:

* Evaluate business opportunities and challenges in growing ICT markets

* Conduct background research in order to identify emerging opportunities

* Identify and analyze competition using Porter’s five forces model

* Formulate strategies for starting and growing a new venture

* Analyze complex environments and operations in startup business cases

* Identify the characteristics of a solid business plan to investors

* Model financial statements, including five year projections, for a business plan

* Write a credible formal business plan, executive summary, and slide presentation

* Evaluate and apply human resource management strategies

* Describe the marketplace and processes for early stage financing of high risk ventures

* Understand the use of various mechanisms of finance: equity, debt, leasing, bootstrapping, grants

* Understand the benefits of programmes offered through organizations such as the University of Edinburgh, Scottish Enterprise, other local institutions that assist startup entrepreneurs and SMEs

DELIVERABLES

1)    Evaluation of a System (50%): Due to ‘Alison House’ Office by 16.00 on Friday the 4th of March, 20111. (Students opting to take the 20 credit version of the course only must submit by this date).

* 50%  of mark for 20 credit version

2)    Business Plan, Presentation & Pitch: Due to ‘Alison House’ Office by 16.00 on Monday, 18 April, 2011, (Students opting to take both the 10 and 20 credit versions of the course must submit by this date).

Business Plan: Maximum of 30 pages

Executive Summary: Maximum of 1 page

Slide Presentation: 10 - 15 pages

*  50% of mark for 20 credit version

* 100% of mark for 10 credit version

TUTORIAL

A two hour tutorial is required attendance, and will cover two areas:

1) Writing-up your business plan

2) Drafting a presentation

CONTACT

Michael Clouser

Lecturer

Postal Address:

School of Informatics

University of Edinburgh

811 Appleton Tower

11 Crichton Street

Edinburgh, EH8 9LE

Scotland , UK

Telephone:             +44 (0) 131 650 4436

Mobile:             +44 (0) 79 323 525 13

Fax:             +44 (0) 131 650 3474

E-mail:             Michael.Clouser@gmail.com

John Lee

Academic Supervisor

Postal Address:

School of Arts, Culture and Environment

University of Edinburgh

Alison House

12 Nicholson Square

Edinburgh

EH8 9DF

Scotland , UK

Telephone:             +44 (0) 131 650 2335

Fax:             +44 (0) 131 650 4587

E-mail:             j.lee@ed.ac.uk

———————–

Course Description

Semester 2, 20 credits. Course organiser: John Lee.  Optional

Synopsis

In this course students will conduct a case-study, evaluating against commercial criteria a commercially-oriented web site chosen in consultation with teaching staff. The study centres on what is required for the development and commercial exploitation of a system and how this relates to its design. The study then moves to the development of a business plan and presentation, informed by the evaluation exercise, to commercialise a digital design idea which will preferably be one developed by the student (e.g. the prototype site developed in P00177), otherwise one chosen in consultation with teaching staff. This is set against the general context of business practice: entrepreneurialism, intellectual property, company creation, raising of funding, market assessment, product development, marketing, etc.; as well as relevant aspects of the contemporary cultural and philosophical study of such practices. The course will be based on study of online resources, guest speakers, with discussion in lecture/seminars, and will be relatively self-directed. The highlight of the course will be a presentation to a panel of experts who will provide feedback on the business plan and presentation.

This course is developed and presented by the Edinburgh-Stanford Link group within the School of Informatics, with support from Scottish Enterprise. Visiting speakers will play a prominent role. See the course schedule page for further details, which may augment or supersede those given here.

Learning Outcomes

  • Appraisal of the main issues involved in setting up a commerce system.
  • A commercial evaluation of a web-site and associated business.
  • Ability to evaluate a design in a practice and commercial context.
  • Understanding of the issues of digital design in a business context.
  • Understanding of the general issues involved in setting up an enterprise, including the acquisition of resources.
  • Ability to formulate and evaluate a professional business plan.
  • Ability to present an innovative venture and persuade an audience of its viability.

Assessment

  1. A commercial evaluation study of an existing system (50%).
  2. Business plan, slide presentation and one-page executive summary (50%).

Criteria for Assessment

  • Informed use of commercial evaluation criteria.
  • Demonstrated understanding of business contexts and methods.
  • Consideration of the bearing of design issues on business outcomes.
  • Quality, professionalism and presentation of the business plan.

Project Brief

  1. Commercial evaluation study. This task is to examine the business context of the system in question. You will need to look at user needs, requirements, aspirations and expectations for the design of the system; the marketability of any products involved; the general business environment into which the system will be commercialized; the feasibility and viability of the financial framework; likely availability of venture capital; other possible sources of funding; etc. This study examines the background against which a specific business plan will be developed. Written work (approx. 2000-word submissions) will be assessed on the basis of the thoroughness of the analysis, the insights gained, the professionalism of the conduct of any interviews/surveys and the write up. (50%)
  2. Business plan, executive summary and slide presentation. Work such as creating the prototype in course P00177 will have done no more than introduce the complexities involved in developing a fully functional interactive system. Clearly such development can be a major team exercise, involving programmers, software engineers, graphic designers, and marketing experts. You are however well placed to articulate what would be required to take such a prototype to the next stage, as a robust online system. Using any insights gained from the previous tasks, and following the numerous business plan guides available on the web and elsewhere, construct a business plan for the further development of your chosen system. The purpose of the business plan may be to raise venture capital for a new company that will begin life with the design and development of the proposed system, or in some other relevant way, such as bootstrapping, to pursue the commercialisation of the system, taking into account the issues raised in the evaluation study. The work will be assessed on the basis of the professionalism, coherence, authenticity and persuasiveness of the documentation. (50%)

Bibliography

  • Barnatt C. 1995. CyberBusiness, Mindsets for a Wired Age, Wiley, Chichester.
  • Charles C. and Brown K. 1996. Multimedia Marketing for Design Firms, Wiley, New York
  • Cunningham, Peter and Friedrich Fröschl, 1999. Electronic Business Revolution: Opportunities and Challenges in the 21st Century, Berlin: Springer-Verlag.
  • Deans, C. and Jurison, J. (eds) 1996. Information Technology in a Global Business Environment: Readings and Cases, Boyd and Fraser, Danvers, MA.
  • Dorf, Richard C. and Thomas H Byers (2005). Technology Ventures: From Idea to Enterprise. McGraw-Hill Higher Education
  • Ferguson, C. (1999) High Stakes, No Prisoners : A Winner’s Tale of Greed and Glory in the Internet Wars. Times Books.
  • Forester, T. (ed.) 1989. Computers in the Human Context: Information, Technology, Productivity and People, Oxford: Blackwell.
  • Gates, Bill 1996. The Road Ahead, London: Penguin.
  • Giddens, A. 1990. The Consequences of Modernity, Polity Press, Cambridge.
  • Hess, Ken 2001. Bootstrap: lessons learned from building a successful company from scratch. S-Curve Press.
  • Komisar, R. (2001) The Monk and the Riddle. Harvard Business School Press.
  • Mitchell, Mayiam. J. 1999. E-topia, Cambridge, Massachusetts: MIT Press.
  • Moore, Geoffrey (2002). Crossing the Chasm. Harper Business.
  • Mullins, J. (2003) The New Business Road Test: What Entrepreneurs and Executives Should Do Before Writing a Business Plan. FT Prentice Hall.
  • Nesheim, J. (2000). High Tech Start Up, Revised and Updated: The Complete Handbook For Creating Successful New High Tech Companies. Free Press.
  • Sanders K. 1996. Digital Architect: A Common-Sense Guide to Using Computer Technology in Design Practice, Wiley, New York.
  • Sproull, L. and Kiesler, S. 1991. Connections: New Ways of Working in the Networked Organization, Cambridge, Mass: MIT Press.
  • Sterne J. 1995. World Wide Web Marketing: Integrating the Internet into your Marketing Strategy, Wiley, New York.
  • Sutton, R (2001). Weird Ideas that Work. Free Press.
  • Timmons, J. (2003). New Venture Creation - Entrepreneurship for the 21st Century. McGraw-Hill/Irwin.
  • Other references and resources can be found on the website at Posted in The Digital Marketplace ARCH11005 | No Comments »

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The Digital Marketplace (10) ARCH11036

Semester 2, 10 credits. Course organiser: John Lee. Optional.  This course is a 10-point version of ARCH11005 The Digital Marketplace

Synopsis

In this course students will study what is required for the development and commercial exploitation of a web-based system and how this relates to its design. They then move to the development of a business plan and presentation to commercialise a digital design idea which will preferably be one developed by the student (e.g. the prototype site developed in P00177), otherwise one chosen in consultation with teaching staff. This is set against the general context of business practice: entrepreneurialism, intellectual property, company creation, raising of funding, market assessment, product development, marketing, etc.; as well as relevant aspects of the contemporary cultural and philosophical study of such practices. The course will be based on study of online resources, guest speakers, with discussion in lecture/seminars, and will be relatively self-directed. The highlight of the course will be a presentation to a panel of experts who will provide feedback on the business plan and presentation.

This course is developed and presented by the Edinburgh-Stanford Link group within the School of Informatics, with support from Scottish Enterprise. Visiting speakers will play a prominent role. See the course schedule for further details, which may augment or supersede those given here.

Learning Outcomes

  • Appraisal of the main issues involved in setting up a commerce system.
  • Ability to evaluate informally a design in a practice and commercial context.
  • Understanding of the issues of digital design in a business context.
  • Understanding of the general issues involved in setting up an enterprise, including the acquisition of resources.
  • Ability to formulate and evaluate a professional business plan.
  • Ability to present an innovative venture and persuade an audience of its viability.

Assessment

  1. Business plan, slide presentation and one-page executive summary (100%).

Criteria for Assessment

  • Demonstrated understanding of business contexts and methods.
  • Consideration of the bearing of design issues on business outcomes.
  • Quality, professionalism and presentation of the business plan.
For further details see description of P00178 The Digital Marketplace, including the course schedule.