The Competitive Analysis section of your business plan is devoted to analyzing your competition--both your current competition and potential competitors who might enter your market. Every business has competition. Understanding the strengths and weaknesses of your competition--or potential competition--is critical to making sure your business survives and grows.
Screening Round The Screening Round takes place online, and is the first major hurdle for students participating in the Business Plan Competition. Student teams submit their business plan executive summaries online.
Over the course of a weekend, each business plan executive summary is read and scored by eight to ten judges who are encouraged to provide written feedback for students. After the Screening Round, an announcement of teams advancing to the Investment Round is sent via email.
Please also review the submission checklist. Scoring based on 1 lowest to 5 highestwith 3 being of the caliber to advance to the next round Overall Impression of the Executive Summary Does the summary adequately describe the idea — does the idea make sense?
Has the team adequately described the pain in the marketplace? Do you believe the team has presented a feasible solution?
Is the summary well written and succinct? Does the summary create excitement? Management team Does this management team have the skills required to execute the plan? Does this team have the experience to lead a new venture? Market opportunity Have they adequately described the market and economic opportunity?
Have they clearly stated their value proposition?
Is it a viable model? Competitive strategy Has the team completely analyzed its competitive space? Does the team have an adequate strategy for defending their market position?
Go to market strategy Is it clear how the company will reach its initial customer? Does the summary clearly identify a sales strategy?
Is the distribution plan clearly defined and reasonable? Has the company booked any revenue? Financials Are the financials consistent with the overall plan?The Global Management Challenge is the world's largest strategy and management competition.
It consists of a Management Simulation in which each team runs a virtual Company, with the objective of getting the highest Investment Performance. The University is proud to host the first Global Social Venture Competition (GSVC) in East African Region.
The GSVC is a global business plan competition pioneered by the Haas School of Business at the University of California, Berkeley, USA in 07 Jul Sinapis Business Plan Competition Posted at h in Blog by Sinapis 3 Comments Saturday 10 th May was a busy and exciting day for Sinapis Group who hosted their annual Award Ceremony and Business Plan Competition at the Strathmore University Auditorium.
The Competitive Analysis section of your business plan is devoted to analyzing your competition--both your current competition and potential competitors who might enter your market. NAIROBI, KENYA, APRIL 12, —The Ministry of State for Youth Affairs (MOYA) and TechnoServe/Kenya officially launch the first annual Believe Begin Become (BBB) Business Plan Competition in Kenya on 12 April 07 Jul Sinapis Business Plan Competition Posted at h in Blog by Sinapis 3 Comments Saturday 10 th May was a busy and exciting day for Sinapis Group who hosted their annual Award Ceremony and Business Plan Competition at the Strathmore University Auditorium.