Lean Startup Business Strategy Development

Closed
BUYER FOLIO INC
Montréal, Québec, Canada
Edouard Romeus
CEO
(4)
5
Project
Academic experience
80 hours of work total
Learner
Anywhere
Intermediate level

Project scope

Categories
Market research Operations Product or service launch
Skills
process improvement resource allocation business process business process reengineering process mapping communication resource utilization process modeling technology adoption lifecycle business strategies
Details
  1. Process Mapping: Students will use Business Process Model Notation (BPMN) to map out the current operational processes. This step involves documenting each step, resource utilization, and dependencies.
  2. Bottleneck Identification: Learners will analyze the process maps to identify bottlenecks—areas where efficiency is compromised or delays occur.
  3. Research and Solutions: For each bottleneck, students will research potential solutions. These could involve process redesign, technology adoption, or resource allocation adjustments.
  4. Proposal and Implementation Plan: Based on their research, learners will create a proposal with recommendations for process improvements. The proposal will include an implementation plan.
  5. Revised Process Model: Finally, students will create a second BPMN model that incorporates the proposed solutions.
  • .


Deliverables
  • Process Mapping using BPMN:Students will create detailed process maps using Business Process Model Notation (BPMN). These maps will outline each step in the existing operational processes.
  • They will evaluate the resources (time, personnel, materials) consumed by each step.
  • Bottleneck Identification:Learners will analyze the process maps to identify bottlenecks—areas where inefficiencies occur or delays are common.
  • These bottlenecks could be related to resource allocation, communication gaps, or outdated procedures.
  • Research Sustainable Solutions:For each identified bottleneck, students will conduct research to find sustainable solutions.
  • Solutions may involve process redesign, technology adoption, or changes in resource allocation.
  • Proposal Creation:Based on their research, participants will create a proposal that outlines recommendations for improvement.
  • The proposal should include detailed strategies for addressing each bottleneck.
  • Implementation Plan:Learners will develop an implementation plan for rolling out the proposed solutions.
  • This plan should consider timelines, resource allocation, and potential challenges.
  • Updated BPMN Model (Bonus Step):As a bonus, students can create an updated BPMN model that incorporates the proposed solutions.
  • This revised model will reflect the optimized processes.
  • Final Deliverables:Learners should submit:A proposal document with sustainable strategies for making Buyer Folio more efficient.
  • A 30-minute presentation explaining their research, reasoning, and implementation recommendations for each strategy.

Mentorship

Students will connect directly with the employer for mentorship and supervision throughout the Students will connect directly with us for mentorship throughout the project. We will be able to provide answers to questions such as:

  • Are there any bottlenecks we are currently aware of?
  • Which aspects of our operational processes work well for us? Which do we want to change?
  • Input on choices, problems or anything else the students might encounter..
Supported causes

The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.

No poverty

About the company

Company
Montréal, Québec, Canada
2 - 10 employees
Banking & finance, Real estate, Technology

Buyer Folio is at the forefront of revolutionizing homeownership through innovative financial solutions. We specialize in empowering individuals and communities by redefining how people access and experience buying homes. Our platform leverages advanced technology to offer shared mortgages, personalized co-buyer matching, and data-driven insights that ensure fair and inclusive access to homeownership opportunities.

At Buyer Folio, we are committed to breaking down barriers in the housing market, enhancing customer satisfaction, and reducing financial risk for co-buyers. Our mission is to create a future where everyone can achieve their dream of owning a home, fostering equitable growth and empowerment across diverse communities.