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The document discusses a seven domain framework for analyzing business ideas. The framework consists of seven domains: 1) market attractiveness, 2) target segment benefits, 3) industry attractiveness, 4) sustainable advantage, 5) mission and aspirations, 6) ability to execute, and 7) connectedness across the value chain. All business ideas must demonstrate customer need, market potential, and ability to provide return on investment. Opportunity-focused entrepreneurs analyze factors like market size, barriers to entry, attainable market share, and exit strategy. The seven domain framework provides a better toolkit for assessing market opportunities and forming a customer-focused feasibility study.
The document discusses a seven domain framework for analyzing business ideas. The framework consists of seven domains: 1) market attractiveness, 2) target segment benefits, 3) industry attractiveness, 4) sustainable advantage, 5) mission and aspirations, 6) ability to execute, and 7) connectedness across the value chain. All business ideas must demonstrate customer need, market potential, and ability to provide return on investment. Opportunity-focused entrepreneurs analyze factors like market size, barriers to entry, attainable market share, and exit strategy. The seven domain framework provides a better toolkit for assessing market opportunities and forming a customer-focused feasibility study.
The document discusses a seven domain framework for analyzing business ideas. The framework consists of seven domains: 1) market attractiveness, 2) target segment benefits, 3) industry attractiveness, 4) sustainable advantage, 5) mission and aspirations, 6) ability to execute, and 7) connectedness across the value chain. All business ideas must demonstrate customer need, market potential, and ability to provide return on investment. Opportunity-focused entrepreneurs analyze factors like market size, barriers to entry, attainable market share, and exit strategy. The seven domain framework provides a better toolkit for assessing market opportunities and forming a customer-focused feasibility study.
The Seven Domain Framework (Excerpt from The New Business Road Test: John Mullins) In analyzing your business ideas you must be able to pass them through a test to determine if they truly are valid opportunities. All of your ideas must have a demonstrated need, ready market, and ability to provide a solid return on investment. Is the idea feasible in the marketplace? Is there demand? Can it be done? Are you able to pull together the persons and resources to pull it off before the window of opportunity closes? These questions must be considered and answered. Opportunity-focused entrepreneurs start with the customer and the market in mind. They would prefer to serve attractive rather than unattractive markets. They analyze the market to determine customer needs, barriers to entry, market structure, market size, growth rate, market capacity, attainable market share, cost structure, the core economics, time to breakeven, opportunity costs and exit strategy issues. This framework offers a better toolkit for assessing and shaping market opportunities and provides the basis for a customer driven feasibility study. It is based on seven domains viz. Market domain that addresses macro level 1) Market attractiveness and micro level 2) Target segment benefits and attractiveness; Industry domain that addresses macro level 3) Industry attractiveness and micro level 4) Sustainable advantage; Team domain comprising three sub- domains- 5) Mission, aspirations, propensity for risk 6) Ability to execute on Critical Success Factors 7) Connectedness up, down and across value chain.