Idea 2 Product 2 Market
Global College International in association with Collaters Inc Pvt. Ltd. founded by its students organized one day workshop on “Idea 2 Product 2 Market” on December 17, 2016. In this hands- on workshop, 47 students form Everest College, Padma Kanya Campus, People’s Campus, Public Youth Campus Ishlington College, Thames College and Global College International have participated.
The workshop started at 9:00 AM sharp at the seminar hall of Global College International, Kamaladi Ganeshthan, Kathamndu with the opening address from Prof. Dr. Subarna Lal Bajarcharya, academic director of GCI. He put light on the objectives and the expected outcomes of the workshop in his opening address and appreciated the initiatives of the students for organizing the workshop . Then, it was followed by Mr. Sohan Babu Khatri, the faculty member of Global College International and the resource person to conduct the workshop.
The resource person Mr. Khatri shared his thoughts on ‘Why don’t every innovation succeed?’; ‘Getting from Business idea to business model’; ‘Business Modeling’; ‘Business Model Canvas’; ‘Foundation of Successful venture’ etc. before he engaged the students into different group activities.
Mr. Khatri is a well-known management consultant with experience ranging across the cross-section of industries and sectors in Nepal as corporate business consultant, resource person for training and development, researcher and program designer. He is the founder and CEO of Three H Management. His experience, among others includes contribution to the entrepreneurial development of youths in various sectors through development/social organizations. As a passionate hobbyist, he is also an artist and has two painting exhibitions done on the social issue for social cause to his credit.
During the workshop the students form 7 different participating colleges were divided into 11 groups and the workshop included 5 different hands-on session for the participants to engage in various group activities namely activity 1: ‘Let’s hear your idea’; activity 2:’ Create your Business Model Canvas’; activity 3: ‘Create your Value Proposition Canvas’; activity 4: ‘Revise your Business Model Canvas or Create Alternative Business Model Canvas’ and activity 5:’ Create your Lean Canvas .. and in multiples’. And at the end of the session Mr. Sabin Bhandari the CEO of Butta shared his entrepreneurial experiences with the participants.
The participants learned processes used to effectively transform ideas to products that user love and the tools needed to ensure validation within the market space. The participants engaged in different activities during the workshop to bring their ideas to life as they leverage lean principles to iterate ideas and construct user- centric experiences. During the workshop, they also get the knowledge of the process used by successful companies to effectively define the product and position it for success.
In a group setting the participants run their idea through a design-thinking series of research, review, refinement exercises to expand their opportunities and target the solution. The participants have the opportunity to share their ideas and get feedback from a group of people from a diverse discipline form different institutions. The participants leave the workshop with a short and long term strategic vision based on their idea that will help them launch it.