SmithX Information Session

BPS: Applied Biomimetics

Business Problem Solving Consulting Practicum

Dr. Neta Moye

– Business Problem Solving Consulting Practicum Sponsor

– Academic Director, Smith Experience Program

– Professor of Management

– nmoye@rhsmith.umd.edu

BPS: Business Problem Solving• Consulting-based projects• Thorny problems that need MBA skill sets to

solve them• Any organization, any size, any industry

• Where can we apply this technology?

• Which industry niches can we exploit?

• Where can we most rapidly gain some cash flow, to continue to fund the R&D?

WE STRIVE TO REPLICATE NATURE’S OWN WAYAPPLIED BIOMIMETICS

This is a strategic business planning project

• Commercial markets• What niche should we exploit?

• The ONE or TWO niches that have an end user where entry barriers are lowest, suppland we can create the most value

A chance to apply Porter

Best Niche

Project Details• Two deliverables, at roughly 7 weeks and 14

• Week 7: Proposal: which 2-4 niches do you recommend

• Week 14: Recommended plan for market entry

Additional Details• A consulting skills “practicum” of 10 hours to

accompany the project

• Kick off• Mid-project client management• Prep for final presentation

Next Steps• Applications

• Open October 24th

• Close October 31st