For your reference, we've included some sample project ideas below. We encourage educators to mix-and-match components from various departments so that the projects are cross functional in nature. In all cases, we customize the projects based on company goals and course teaching objectives.

Industry Customer Service Benchmarking Assessment

1. Call the customer service line or inquire via email. Document your experience. How does this compare with competitors?
2. What does the company do that makes their customer service more effective than competitors? What could be improved?
3. How important is good customer service in this vertical or industry? How does it affect the lifetime value of the customer?
4. How does the business model affect the level of service required? Is there any automation that can be incorporated into the process to increase efficiencies?

Customer Service Diagnosis Challenge

1. How does the customer service team troubleshoot issues? How effective are their current processes?
2. What is the most time-consuming part of the troubleshooting process? Is there anyway this can be automated?
3. What process improvements would you recommend? Pay close attention to communication tools, knowledge base resources, and follow-up procedures.

Customer Service Process Improvements

1. How long does it take for the issues and cases to navigate through the internal organization before arriving at a resolution?
2. How can the process be optimized? Is information being circulated effectively internally?
3. Should the company consider circulating certain materials externally as well? If so, how? Can we reduce redundancy by leveraging existing resources and cases?

Customer Feedback Driven Process Improvement Recommendations

1. How does the company collect feedback from customers?
2. Can you identify consistent feedback from customers related to the company’s product or service?
3. What is the customer feedback process? How do the customers feel about the feedback process?
4. Does the company use technology or social media to collect customer feedback?
5. How can we better incorporate and address customer concerns before it escalates?

Customer Service Process & Technology Assessment

1. What technology is the company leveraging to administer the customer service process?
2. How does the company feel about the customer service process? Interview key team members inside and outside that part of the organization.
3. What other technologies could possibly improve the process? What is the cost of implementing new tools?
4. Would you recommend implementing new tools and procedures?

We've included some sample project ideas below. We encourage users to mix-and-match components from various departments for the best cross functional project experience. In all cases, we customize the projects based on company goals and student learning objectives.

Company Data Collection Inventory and Mapping

1. What is the product and business model?
2. How is the business organized from an organizational perspective?
3. What main systems does the company use to organize and execute?
4. What data is produced by the system as a result?
5. What strategic goals does the data help address?
6. What would flow chart of all the systems look like? What are the key data inputs and outputs within each system? How do they all connect to one another?

Create New Metrics (and KPIs) Using Company Data

1. How can data from multiple sources be analyzed, organized, or visualized to provide more insight to internal and/or external users?
2. Are there other potential use cases for the company’s data?
3. What other data points would be useful to capture in order improve the quality and/or relevance of insights?
4. What metrics would be best to use in order to showcase potential benefits and use cases?

Build a Sample Dashboard

1. What company data is available? How reliable is that data?
2. How can data from multiple sources be analyzed, organized, or visualized to provide more insight to internal and/or external users?
3. Can you organize these key pieces of data into a preliminary dashboard?
4. What procedure is required to keep the dashboard up-to-date? Are there any tools that could help with this process?

We've included some sample project ideas below. We encourage users to mix-and-match components from various departments for the best cross functional project experience. In all cases, we customize the projects based on company goals and student learning objectives.

Legal & Regulatory Assessment

1. What laws and regulations impact the company? (Consider: Industry, product, customer, suppliers on state/local/federal level)
2. How confident is the company’s management when it comes to navigating these laws, regulations and future changes?
3. Is the company compliant? What process is used to check on compliance? Can the process be mapped or organized more efficiently?
4. What sources can be used to keep these regulatory maps organized and up-to-date in the future?

Impact of Future Regulations on the Business

1. What laws are on the horizon that would impact the company?
2. What is the likelihood that these regulations will be enacted?
3. How will they impact the company? What can the company do proactively to manage these changes in regulatory expectations?

Influence on Impending Regulations (Lobbying)

1. Does the company try to impact regulation? If not, should they be?
2. What key regulations are the most pressing to consider lobbying? What events, conferences, and key stakeholders are involved in passing regulations?
3. How costly and/or potentially impactful would lobbying be for the company?

We've included some sample project ideas below. We encourage users to mix-and-match components from various departments for the best cross functional project experience. In all cases, we customize the projects based on company goals and student learning objectives.

• Industry Marketing Benchmarking Analysis

  1. What is the company's target demographic, product, and business model?
  2. What is the customer’s problem and how the company's product or service is solving that problem?
  3. How would you compare the company's products with the rest of the providers in the industry? Pay close attention to how other companies are marketing their products and positioning the brands.
  4. How would you compare the company’s marketing performance to competitors?
  5. What improvements would you recommend based on your assessment?

•  

  Marketing Strategy Impact Analysis
  1. Examine the company's past marketing strategies. What worked? What did not? How would you showcase progress over time?
  2. Compile data into a visualization to track trends of successful and less successful strategies.
  3. Compare the company's marketing tactics with competitors to showcase what works effectively - or not effectively - with certain customer demographics
  4. What other marketing strategies could be used to benefit the company?
  5. What technologies could be involved in different marketing strategies? How can you use them most effectively? How would you measure success?

•  

  Marketing Strategy Development

• 1. What are the company's past marketing strategies? What worked? What did not? How would you showcase progress over time?
  2. What is the customer’s perception of the company’s brand, product, and services?
  3. Propose 2-3 digital, experiential, or social, marketing strategies for the company to consider. Assess cost, reach, mediums, and any other components needed for a full understanding of this investment.
  4. Select one campaign and develop a road-map that will prepare the company to launch your campaign. Keep in mind timing, required resources (budget, people, etc.), projected results, and how you would measure ROI.

•  

  Customer Brand Perception Analysis

  1. Does the company assess their brand perception at all? If so, what do you find interesting about the process or findings?
  2. Conduct structured customer interviews to gain a better understanding of their customers’ preferences, purchasing habits, and decision-making processes. Consider: Demographics, Discovery Channels, and their Product Aptitude
  3. Suggest a new effective process to collect more customer data on brand perception and customer experience.

•  

  Marketing Mix Assessment & Recommendations

  1. Consider a 360 marketing approach when deciding the appropriate channels to utilize. What is the current marketing mix for the company? Analyze where the company spends the most and where the company performs bests.
  2. Propose an alternative marketing mix for the company that you think will work best for the product, industry, and customer type. Where should the company allocate resources to generate better performance? Consider paid advertising, social, display, content, guerrilla , experiential, affiliate, partnerships, etc.
  3. What are the costs and benefits of using your strategy? What are the key risks and costs? Compare these risks with potential reach and benefit.

•  

  Industry M&A Temperature Check

  1. What makes the company unique compared to competitors in their industry?
  2. Review existing data and current plans. Analyze the opportunities that the company is considering through strategic company interviews with key stakeholders.
  3. Hypothesize potential synergies with other players in the market. Is this market ripe for consolidation? How are you making that assessment?
  4. What benefits would these mergers and/or acquisitions present for the company?

•  

  Competitor (or Target List) Analysis

  1. Who are main competitors in the market?
  2. What unique offerings does each competitor have? How does the company product, service, and brand compare to these companies?
  3. Do any of these competitors see reasonable to acquire? Do any of them seem ripe to acquire you?
  4. Create a detailed profile of each competitor in the industry with a buy/sell assessment.

•  

  Merger or Acquisition Simulation

  1. Select a company and walk through the procedure of exploring a merger or acquisition. What are the costs, benefits, and likelihood of success with this potential transaction?
  2. Would this potential merger or acquisition be beneficial to your host company if it were successful? Why or why not?
  3. What key strategies would you use to initiate OR implement that merger or acquisition?

We've included some sample project ideas below. We encourage users to mix-and-match components from various departments for the best cross functional project experience. In all cases, we customize the projects based on company goals and student learning objectives.

•  

  Analyze the Role of Public Relations on Enhancing Customer Experience

  1. Do similar companies at a similar stage and size have a PR function? If so, how is that role designed? How do they use PR to enhance the overall customer experience? If so, how?
  2. Interview the folks responsible for Public Relations at your host company to get a sense for how they have been doing PR so far. What is the relationship between customer satisfaction and PR at your host company? Are they related at all? Which aspects of the PR activities influence the overall customer experience?
  3. How satisfied are the customers of the company? Administer customer interviews and/or questionnaires to determine how satisfied the customers are with the product, service, and overall purchasing experience.
  4. What recommendations do you have for the company on how they can improve their overall PR process in order to further enhance the customer experience? Are there specific campaigns or processes that can be implemented to enhance the overall PR function and customer experience?

•  

  Analyze and Recommend Improvements of Public Relations Strategy through Social Media

  1. Conduct a comprehensive analysis on what media channels (including social and others) that the company currently uses for Public Relations. To what extent is social media being used for PR purposes as opposed to other channels? How does this compare to their industry peers?
  2. Collect data from the company’s social media accounts and analyze: Does the company differentiate their marketing initiatives from their PR initiatives on their social media? How does the company balance PR and marketing on social? What reach and impact do these two initiatives typically have? How do they compare to one another?
  3. How can the company enhance their PR when it comes to their social media channels? What do similar companies do when it comes to PR through social media? What are best practices you could recommend when it comes to PR through social media?

Deep Dive on Public Image & Suggest Performance Improvements

1. Establish a way to assess public image through surveys and interviews.
2. Analyze the difference of company image between current and potential customers.
3. You may also want to include employees and publicly available information to help with your analysis.
4. Based on your findings, how urgently does the company need to address their public image?
5. How would you recommend making improvements to the PR strategy in order to enhance the overall public perception of the company’s brand?

Crisis Management Process Mapping & Performance Improvements

1. How does the company define a crisis? Have they encountered any public crises yet? How was that situation managed? What did they learn from that experience?
2. Does the company have a crisis management process? Is this a clear process? Has it been detailed and mapped out including all stakeholders, approvals?
3. What key criteria need to be analyzed when administering a damage assessment after a crisis has occurred?

We've included some sample project ideas below. We encourage users to mix-and-match components from various departments for the best cross functional project experience. In all cases, we customize the projects based on company goals and student learning objectives.

• Develop Financial Statements

• 1. What is the company’s business model? What are the products? What makes them unique compared to competitors in their industry?
  2. Assess where financial data comes from at the company? What drives cost and revenues? How are these categorized?
  3. Build a set of comprehensive financial statements including a cash flow statement, income statement, and balance sheet. Ensure it’s consistent for the business since origin.
  4. What key insights and metrics can be derived from the financial statements? What types of process improvements and recommendations can you provide to the company’s management?
  5. How can the company continue to manage the financial statements on the go-forward? Provide the company with a step-by-step process when it comes to building and maintaining the key financial statements in for the future.

•  

  Develop Predictive Financial Model

  1. What is the company’s business model? What are the products? What makes them unique compared to competitors in their industry?
  2. Develop a flexible financial model from scratch dependent on a set of assumptions that they can be manipulated to understand the dynamics of the business.
  3. How do the different cost and revenue components tie to each other? How will this change as the business scales?
  4. How should the team set goals for the next few years?
  5. Use the projections from your financial model to develop a Discounted Cash Flow model. Help the company determine its appropriate WACC and use that WACC and the future cash flows to determine a company valuation. Use industry benchmarks to determine if the valuation is reasonable.
  6. How will the company's growth plan affect the financial model you built in the last section?
  7. Interview upper management and the sales team to get an idea of scale over the next 6, 12, and 24 months. Update your financial model according to their scaling forecasts and goals. Develop these goals into a usable budget.

Financial Records Audit

1. If the company uses cash accounting determine if they should be moved to accrual.
2. If they use accrual accounting, determine if the following accounts are recorded correctly: 1) Deferred Revenue 2) Prepaid Expenses 3) Accrued Expenses 4) Fixed Assets & Depreciation

We've included some sample project ideas below. We encourage users to mix-and-match components from various departments for the best cross functional project experience. In all cases, we customize the projects based on company goals and student learning objectives.

• Market Research

• 1. How much information does the company have on the market? What about their target audience and customers? Use this information to get up-to-speed on the business.
  2. What does the competitive environment look like? How would you benchmark your company against competitors? What are your competitors’ current market advantages, weaknesses? Create a competitor research reports including products, pricing, market share, and marketing tactics.
  3. Create a broader industry and market environment research report, which includes: market size and trends, market demographics (e.g. age, gender, income), regulatory landscape, marketing channels and strategies, and sociographics (e.g. beliefs and attitudes, interests, lifestyle factors)

•  

  Customer Research

  1. Who your current customers? How well does this align with the company’s defined target audience? Who are the potential customers? What, when, where and how do they buy your products?
  2. What strategies does the company currently use to attract new customers? To what extent are these strategies effective? What other strategies could the company use to attract more potential customers? Why do you think your new strategies would be effective?
  3. Create a customer research report including customer demographics, social and lifestyle trends, needs and expectations, attitude towards you and your competitors.

• Product Development & Updates

1. What existing products does the company offer? How satisfied are current customers with the current product offerings?
2. What improvements could be made to existing products? How would you suggest updating current products to meet existing and potential customers’ needs?
3. What new products does the company have on the horizon? Do you expect that these products will meet customers’ demands? What are the product guidelines and regulatory specifications that need to be followed while developing the new product?
4. Can you project how well products will fair in the market? Does this align with management expectations? Why or why not?

• Business Innovation Assessment

1. How has your company improved over time?
2. What are key ways for the company to improve overall performance?
3. How might you be able to reduce expenses and/or increase revenues?
4. How will expanding affect current operations? Do you have a reliable operations (think HR, implementation, and operations)?
5. How would you compare your performance with competitors?
6. What KPIs is the company tracking? How does the growth plan address these KPIs?

• Industry Sales Benchmarking Assessment

1. Familiarize yourself with the company product and business model.
2. Create a comprehensive list of key competitors and industry stakeholders that sell similar products and/or services. Compare your host company with competitors in the following areas: pricing, features, services, regionality, customer demographics, etc.
3. Who are the biggest competitors and how do they stack up against the company's performance? What do the biggest competitors in the space tell you about the industry?
4. Do any companies present interesting opportunities for partnerships?
5. What additional channels can the company tap in order to scale more effectively?

• Sales Process Assessment

1. How has the company’s business model change over time? What has changed about the product, service, and team?
2. What is the current status of the sales process within the company. Do you think this is more or less effective than previously? How does the team feel about the sales process and overall performance?
3. Where does the company hope to be in 1-3-5 years from a sales perspective? How will the sales process, team, and structure need to change in order to address these changes?
4. How satisfied are the current customers with the product or service?
5. Craft a survey and administer customer interviews to help identify where the company can improve. Pay close attention to how the company may be able to provide additional value to existing customers.

• Prioritizing Sales Initiatives

• 1. What is the company’s sales strategy? How many different lines of business exist? Are they separated by different products and services or divisions?
  2. What lines if business are providing the most revenue for the company currently? How was this book of business built originally? How does the company expect for this to grow over time?
  3. What new sales opportunities are on the table? Is the company prioritizing this sales initiative? What do you think the potential is for this new line of business?
  4. Are there alternative ways to sell that the company hasn't considered? Would they be more effective? What data do you have to support your reasoning?
  5. How would you prioritize the sales team’s time and resources with regards to the sales plan?

•  

  Inside vs. Outside Sales Strategy Assessment

  1. What’s the difference between an inside and outside sales strategy? What has the company tried to-date? How effective was that process? What types of results did it yield? What resources were required? Can you measure the ROI and growth rate?
  2. How could you adapt the sales process to include either more inside OR outside sales tactics?
  3. How would you go about implementing this sales strategy? Do you think it would produce better results?
  4. What goals would you set for the new team over the next 3-6 months and/or 1-3 years? How would you measure success?