Choose from one of the following “impossible” scenarios to identify a problem, opportunity, or challenge that you believe would be impossible to solve, address, or accomplish based on your personal experiences, observations, or what you find inspiring:
“It is impossible for a human to journey to Mars and back safely.”
“It is impossible to earn a college degree in just one year.”
“It is impossible to rebuild a car engine in a single day.”
“It is impossible for a small commerce business to compete one-on-one with Amazon.”
“It is impossible to run a mile in less than three minutes.”
Express the selected problem, opportunity, or challenge in the form of an insight statement that begins with, “How might (we )…?”
Describe at least 10 to 12 assumptions that reflect your core beliefs about this problem, opportunity, or challenge.
For example, “My assumption is that 40 courses are required to earn a degree. This is not possible to do in one year.”
Question each of your assumptions by re framing them as ideas for potential solutions.
Describe briefly the contribution that each of these potential solutions might offer.
Analyze the contribution that each of these potential solutions might offer.
For example, “A potential solution might be to reduce the time it takes to complete a course by eliminating the need for computer keyboards.”
Select a potential solution that you believe would be the most innovative, feasible, desirable, and viable response to the question posed in your insight statement
Explain your reasoning.
Select a strategy by brainstorming how you might actually implement this solution to bring it to fruition.
Select your strategy for implementation as a venture in a business model canvas.
Insert the completed business model canvas as “Appendix A” in your paper.
Conclude your paper with an overall assessment of the feasibility, desirability, and viability of the proposed business venture.
The Venture Impossible Final Pape