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Strategy Consulting Study for IoT Business

BUS 479
Closed
SFU Beedie School of Business
SFU Beedie School of Business
Burnaby, British Columbia, Canada
Pek-Hooi Soh
Professor
(2)
3
Timeline
  • May 12, 2021
    Experience start
  • May 27, 2021
    Phase 1 Project Scope & Plan
  • June 10, 2021
    Phase 2 Project Execution, Part 1 of 5
  • June 24, 2021
    Phase 2 Project Execution, Part 2 of 5
  • July 1, 2021
    Phase 2 Project Execution, Part 3 of 5
  • July 8, 2021
    Phase 2 Project Execution, Part 4 of 5
  • August 1, 2021
    Experience end
Experience
4/4 project matches
Dates set by experience
Preferred companies
Anywhere
Any
Retail, Technology, Environment, Automotive, It & computing

Experience scope

Categories
Information technology Market research Product or service launch
Skills
competitive analysis startups business consulting business strategy market research
Student goals and capabilities

A group of 4-5 final-year business students will help your company develop a strategic analysis to evaluate the investment options that are aligned with your business goals for the Internet of Things (IoT).

Students

Students
Undergraduate
Any level
20 students
Project
60 hours per student
Students self-assign
Teams of 4
Expected outcomes and deliverables

Phase 1 - Project Scope & Plan: Students will meet with organization representative(s) to develop the project scope and prepare a detailed plan for the execution of the project.

Phase 2 - Project Execution: Students will work on tasks and deliverables outlined in the project plan. Teams will periodically communicate with organization representative(s) as needed.

Phase 3 - Project Outcome - Report and Presentation: Students will submit a strategic plan and conduct a final presentation.

Project timeline
  • May 12, 2021
    Experience start
  • May 27, 2021
    Phase 1 Project Scope & Plan
  • June 10, 2021
    Phase 2 Project Execution, Part 1 of 5
  • June 24, 2021
    Phase 2 Project Execution, Part 2 of 5
  • July 1, 2021
    Phase 2 Project Execution, Part 3 of 5
  • July 8, 2021
    Phase 2 Project Execution, Part 4 of 5
  • August 1, 2021
    Experience end

Project Examples

Requirements

Many business owners in Canada have attempted to exploit entrepreneurial opportunities presented by digitization and platform technologies but they face tremendous challenges in making these strategic investments. If your company would like to invest in internet-enabled products and services, a group of 4-5 student-consultants will spend about 20 person-hours per week (over 12 weeks) and prepare a strategic analysis of the investment options that are aligned with your business goals in the IoT space. Our student-consultants will apply their analytical thinking and market research skills to develop a strategy framework to help you make informed decisions.

Our student-consultants will proceed to meet the following milestones:

  • Define the keys challenges faced by the company.
  • Conduct a comprehensive analysis of technology and market trends.
  • Develop strategic options and plausible scenarios for the expected outcomes.
  • Evaluate the potential risks and impact of the strategic options on your organization.
  • Develop decision criteria to select a feasible option.
  • Write and present the strategic plan persuasively.

Additional company criteria

Companies must answer the following questions to submit a match request to this experience:

Minimum of 4-10 contact hours with the students in-person or remotely (over the duration of the project, not including the presentations).

Be available for a phone call with the instructor to initiate your project and confirm the feasibility of the project scope for the course.

Assign a project coordinator who is able to meet with the students and discuss project status, and attend project presentations.

Prepare a half-page problem statement with project objectives (if different from Riipen's project request).