The US and in many countries across the globe is facing a pending challenge in an aging population, falling birth rate and economic recession caused by the coronavirus pandemic. These issues will have huge implications on the size of the workforce and the consumer base with ramifications on a global basis. Your team has been hired by a global private equity firm to investigate the implications of an aging population, isolate a problem area, and propose a compelling product or service that they can invest in. The assumption is that they are willing to invest in projects that are “long term bets” but they must have compelling insights, data and strategic plans in order to make these investments. They want an innovative solution, something that isn’t just an extension of the past. Your mission is to deliver these insights, data and plan. In order to succeed you need to dig deep into the societal, economic, environmental and technological contexts to identify the underlying problem(s). In particular, your client (the global private equity firm) is interested in learning about global market trends and opportunities related (but not limited to): The creative solution and investment opportunity will then be presented to your client at the end of the program. This requires deep understanding of underlying problems, and creativity in developing sustainable yet realistic solutions for the future with the support of latest and emerging technologies and trends. You want to anticipate these systemic impediments and leverage high impact opportunities, especially to address the impact of an aging population. Your proposal should: In terms of assessment, your team is strongly encouraged to find external mentors who can support you with problem related expertise your team may be encountering when it comes to collecting, analyzing, and drawing conclusions from data to verify problems and generate solutions. You are expected to conduct extensive research associated to the problem context in a condensed period of time. You will start by creating a – a high-level summary of trends and how they impact your project. It can also show how trends happening in one area may have influenced others. From here, you will write an that out
lines your initiation intentions for the work you are undertaking. [Team Assignments Due March 29] Next, you will lay out the design of your investigation, assumptions, how you intend to test them, and preliminary definition of the problem. These will be summarized in a [Team Assignment Due April 13] You will then continue your journey and report back on anticipated types of solutions (advice, product/service, model, or venture, etc.) and the feasibility of execution and application. This individual report will be your contribution to the overall work product of the team and will be identified as such. [Individual Assignment Due April 25] As your team learns about the properties of the problem-solution fit, we will apply means of design thinking to generate solutions and build a prototype (digital or other format) to address the problem. The culmination of the journey is your final to your clients and receiving valuable feedback from your peers regarding your great contribution. [Team Assignment Due May 12] The best projects will be strategically justified and connected to an aging population, competitively focused, and written with a senior executive audience in mind. Teams will be confronted with decisions regarding how ambitious a proposal is to develop in order to present the winning proposal to solving a particular problem. New and bold is good, but so is immediate, tangible, and actionable as long as the problem is significant enough and you are not shadowing existing solutions. Ultimately, a particularly strong proposal will present: Sources and people connected with each geography or demographic. This summative assignment is the culmination of your work. It should lay out a compelling story for your client that addresses the challenge you have been given. Your recommendations and presentation should also incorporate the changes, developments and improvements that resulted from team coaching sessions throughout the course. The deliverables are: a) A Project Recommendations Report of up to 50 pages that summarizes the team’s work, including prototypes, data, and primary research. The Report should be double-spaced, properly formatted in 12-point font. b) A presentation that will be submitted and presented to the clients.