Today in our Design & Market Module, we were asked to look at evidence modelling. Evidence modelling is about creating a picture of what your potential business would be like in the future and aiding in giving a clear direction of where to go with it. It focuses on 4 extreme questions to ask when considering your business – this helps to understand the beneficial impact of your business but also can point out the possible mistakes that can stop you from achieving your dream.
This exercise helped me to think about the advantages and disadvantages my business may have in greater depth. It made me focus on what ways I could improve the business and to see it more realistically in my mind. However, my potential business needs huge development and research as it looks into the future of jewellery trends more than actual current designs. It will be an interesting challenge.
For the next exercise we had to think of fake evidence. This is where we had to construct evidence through imagining the future success of our business. This could be in the form of a website, an advert on the side of a bus, etc. I went for a few as I believe my market is quite wide.
Through investigating the future success and methods of advertising it helps see the consequences of the business as well as looking into successful ways to get the brand out there.
SWOT analysis was the last task we had to complete for our business. There were 4 boxes outlining different aspects to think about the business: Strengths and Weaknesses (Internal); Opportunities and Threats (External) or SWOT. It allows us to examine the business’s position nature. This task helped me because I tried to think about turning all the weaknesses into possible opportunities. For instance, if I was bad at making film I could maybe collaborate with a filmy person, thus, creating a huge benefit! We could expand making more exciting films and let ideas bounce off one another.
All these exercises linked back to our Mission Statements and was great because it makes us think that we could actually do this. We could actually make our potential businesses real.