Subject addresses the architecting of air transportation systems. Focuses on the conceptual phase of product definition include technical, economic, market, environmental, regulatory, legal, manufacturing, and societal factors. Subject centers on a realistic system case study and includes a number of lectures from industry and government. Past examples included the Very Large Transport Aircraft, a Supersonic Business Jet and a Next Generation Cargo System. Subject identifies the critical system level issues and analyzes them in depth via student team projects and individual assignments. The overall goal of the semester is to produce a business plan and a system specifications document that can be used to assess candidate systems.

Video explains how to conduct a feasibility study to determine the viability of a business venture

The Business Model Canvas (BMC) gives you the structure of a business plan without the overhead and the improvisation of a 'back of the napkin' sketch without the fuzziness.  The Canvas has nine elements: Customer Segments, Value Propositions, Channels, Customer Relationships, Revenue Streams, Key Activities, Key Resources, Key Partnerships, Cost Structure.  The Canvas is popular with entrepreneurs for business model innovation.  Fundamentally, it delivers three things: focus, flexibility, and transparency. 

Students learn to prepare a SWOT Analysis for a new business venture. Resources include a MindTools YouTube video, related article link, and SWOT Analysis PDF worksheet. This can be used as an exercise in business planning, or part of a formal Business Plan project.

I have student create an orgaizational chart as part of their entrepreneurship class.  Sometimes I have students make a business plan based off of the canvas business model and as part of that I have them include a proposed organizational chart.  This is done when discussing business types and structures. 

 I use this worksheet for students to compare and contrast the different types of financing requirements and opportunities that students are goign to have to keep track of.  Students are then able to engage in with different financial ratios and filling in the information in which they may or may not know based on what they already have or do know.  THis is used in Entrepreneurship in their financing unit but also could be used in accounting or other finance classes as well.

This food truck project ties into the Hospitality & Tourism career cluster, as it focuses on business planning, marketing/advertising, menu planning, food costing, equipment sourcing, floor planning, packaging, cooking, and food presentation. Students who are considering entering into a hospitality or tourism career will greatly benefit from the skills and knowleged gained through this project, as well as from taking the courses in the Family & Consumer Sciences department. This project also provides students with opportunities to practice teamwork, cooperation, problem-solving skills, math skills, and creativity. This project provides a unique, hands-on learning experience that reinforces skills that will be useful in many different types of careers.

Students will be able to:
- Explain various ways to fund a new business
- Analyze sample elevator pitches and their effectiveness
- Understand how social media marketing can help reach their target audience
- Identify key considerations when hiring for their new business

Students will be able to
- Identify possible first steps in starting a business after developing an idea
- Understand the importance and purpose of a business plan
- Describe elements that should be included in a business plan
- Analyze several sample business plans and their effectiveness

The assessment served as a final paper for a Principles of Business course. The process covers much of what is in a typical introductory course, but allows students to use their own ideas for a small business that could be started with a small amount of capital.

The nuts and bolts of preparing a New Venture Plan and launching the venture will be explored in this twenty-fifth annual course offering. The course is open to members of the MIT Community and to others interested in entrepreneurship. It is particularly recommended for persons who are interested in starting or are involved in a new business or venture. Because some of the speakers will be judges of the MIT $100K Entrepreneurship Competition, persons who are planning to enter the Competition should find the course particularly useful. In the past approximately 50% of the class has been from the Engineering / Science / Architecture Schools and 50% from the Sloan School of Management.

Students will be able to
- Apply their knowledge on creating a business
- Craft a business presentation, advertisement, and elevator pitch
- Present their business idea to your classmates

Students will be able to
- Understand what makes a strong business idea
- Brainstorm your own business ideas
- Identify characteristics of successful entrepreneurs

"According to the United States Agency for International Development, 20 million people in developing countries require wheelchairs, and the United Nations Development Programme estimates below 1% of their need is being met in Africa by local production. Wheelchair Design in Developing Countries (WDDC) gives students the chance to better the lives of others by improving wheelchairs and tricycles made in the developing world. Lectures will focus on understanding local factors, such as operating environments, social stigmas against the disabled, and manufacturing constraints, and then applying sound scientific/engineering knowledge to develop appropriate technical solutions. Multidisciplinary student teams will conduct term-long projects on topics such as hardware design, manufacturing optimization, biomechanics modeling, and business plan development. Theory will further be connected to real-world implementation during guest lectures by MIT faculty, Third-World community partners, and U.S. wheelchair organizations. This class is made possible by an MIT Alumni Sponsored Funding Opportunities grant with additional support from the National Collegiate Inventors and Innovators Alliance, the MIT Public Service Center, and the MIT Edgerton Center; special thanks to CustomInk.com."

This high school business resource provides a PDF template and link to the resource, Job Description Writing Guide. Students are instructed to craft a job description for a new business. Project can be a stand-alone or part of a larger business plan project.