Business plan basics for engineers and new technology firms

Stoyan Tanev; Erik Stavnsager Rasmussen; Katrine Riber Hansen

doi:10.1016/B978-0-12-819946-6.00002-3

Business plan basics for engineers and new technology firms

Stoyan Tanev^*, Erik Stavnsager Rasmussen, Katrine Riber Hansen

^*Corresponding author for this work

Carleton University

Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review

Abstract

This chapter focuses on the nature of business planning activities from an engineering entrepreneurial perspective. It is not limited to technology start-ups or newly created engineering firms but equally relevant for established firms investing in projects that assemble and deploy highly qualified human resources and heterogeneous assets that are intricately related to advances in scientific, engineering, and technological knowledge for the purpose of creating and capturing value for the firm. After discussing the unique characteristics and challenges of technology-driven business environments that are typical of the business playground for engineering professionals, this chapter focuses on describing the two key components of the business planning process: the articulation and the development of a viable business model, and managing the growth and scaling up of the business. The description does not pretend to exhaust the topic and continuously refers to several excellent recent publications that could complement the learning process of young and advanced engineering professionals interested in knowing more about the business planning process.

Original language	English
Title of host publication	Start-Up Creation : The Smart Eco-efficient Built Environment
Editors	Fernando Pacheco-Torgal, Erik Rasmussen, Claes Granqvist, Volodymyr Ivanov, Habil Kaklauskas, Stephen Makonin
Publisher	Woodhead Publishing
Publication date	21. May 2020
Edition	2.
Pages	19-40
Chapter	2
ISBN (Print)	9780128199473
ISBN (Electronic)	9780128199466
DOIs	https://doi.org/10.1016/B978-0-12-819946-6.00002-3
Publication status	Published - 21. May 2020

Series	Woodhead Publishing Series in Civil and Structural Engineering
Volume	66

Keywords

Business growth
Business model
Business plan
Business scaling up
Engineering business
Lean canvas
Risk mitigation
Technology start-up
Uncertainties and risks
Value proposition

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10.1016/B978-0-12-819946-6.00002-3

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1 Monograph

Start-up creation: the smart eco-efficient built environment
Pacheco-Torgal, F. (Editor), Rasmussen, E. S. (Editor), Granqvist, C.-G. (Editor), Ivanov, V. (Editor), Kaklauskas, H. (Editor) & Makonin, S. (Editor), 2020, 2. ed. Woodhead Publishing. 450 p. (Woodhead Publishing Series in Civil and Structural Engineering, Vol. 66).
Research output: Book/report › Monograph › Research › peer-review

Cite this

Tanev, Stoyan ; Rasmussen, Erik Stavnsager ; Riber Hansen, Katrine. / Business plan basics for engineers and new technology firms. Start-Up Creation: The Smart Eco-efficient Built Environment. editor / Fernando Pacheco-Torgal ; Erik Rasmussen ; Claes Granqvist ; Volodymyr Ivanov ; Habil Kaklauskas ; Stephen Makonin. 2. ed. Woodhead Publishing, 2020. pp. 19-40 (Woodhead Publishing Series in Civil and Structural Engineering, Vol. 66).

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keywords = "Business growth, Business model, Business plan, Business scaling up, Engineering business, Lean canvas, Risk mitigation, Technology start-up, Uncertainties and risks, Value proposition",

author = "Stoyan Tanev and Rasmussen, {Erik Stavnsager} and {Riber Hansen}, Katrine",

year = "2020",

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Tanev, S, Rasmussen, ES & Riber Hansen, K 2020, Business plan basics for engineers and new technology firms. in F Pacheco-Torgal, E Rasmussen, C Granqvist, V Ivanov, H Kaklauskas & S Makonin (eds), Start-Up Creation: The Smart Eco-efficient Built Environment. 2. edn, Woodhead Publishing, Woodhead Publishing Series in Civil and Structural Engineering, vol. 66, pp. 19-40. https://doi.org/10.1016/B978-0-12-819946-6.00002-3

Business plan basics for engineers and new technology firms. / Tanev, Stoyan; Rasmussen, Erik Stavnsager; Riber Hansen, Katrine.
Start-Up Creation: The Smart Eco-efficient Built Environment. ed. / Fernando Pacheco-Torgal; Erik Rasmussen; Claes Granqvist; Volodymyr Ivanov; Habil Kaklauskas; Stephen Makonin. 2. ed. Woodhead Publishing, 2020. p. 19-40 (Woodhead Publishing Series in Civil and Structural Engineering, Vol. 66).

Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review

TY - CHAP

T1 - Business plan basics for engineers and new technology firms

AU - Tanev, Stoyan

AU - Rasmussen, Erik Stavnsager

AU - Riber Hansen, Katrine

PY - 2020/5/21

Y1 - 2020/5/21

N2 - This chapter focuses on the nature of business planning activities from an engineering entrepreneurial perspective. It is not limited to technology start-ups or newly created engineering firms but equally relevant for established firms investing in projects that assemble and deploy highly qualified human resources and heterogeneous assets that are intricately related to advances in scientific, engineering, and technological knowledge for the purpose of creating and capturing value for the firm. After discussing the unique characteristics and challenges of technology-driven business environments that are typical of the business playground for engineering professionals, this chapter focuses on describing the two key components of the business planning process: the articulation and the development of a viable business model, and managing the growth and scaling up of the business. The description does not pretend to exhaust the topic and continuously refers to several excellent recent publications that could complement the learning process of young and advanced engineering professionals interested in knowing more about the business planning process.

AB - This chapter focuses on the nature of business planning activities from an engineering entrepreneurial perspective. It is not limited to technology start-ups or newly created engineering firms but equally relevant for established firms investing in projects that assemble and deploy highly qualified human resources and heterogeneous assets that are intricately related to advances in scientific, engineering, and technological knowledge for the purpose of creating and capturing value for the firm. After discussing the unique characteristics and challenges of technology-driven business environments that are typical of the business playground for engineering professionals, this chapter focuses on describing the two key components of the business planning process: the articulation and the development of a viable business model, and managing the growth and scaling up of the business. The description does not pretend to exhaust the topic and continuously refers to several excellent recent publications that could complement the learning process of young and advanced engineering professionals interested in knowing more about the business planning process.

KW - Business growth

KW - Business model

KW - Business plan

KW - Business scaling up

KW - Engineering business

KW - Lean canvas

KW - Risk mitigation

KW - Technology start-up

KW - Uncertainties and risks

KW - Value proposition

U2 - 10.1016/B978-0-12-819946-6.00002-3

DO - 10.1016/B978-0-12-819946-6.00002-3

M3 - Book chapter

SN - 9780128199473

T3 - Woodhead Publishing Series in Civil and Structural Engineering

SP - 19

EP - 40

BT - Start-Up Creation

A2 - Pacheco-Torgal, Fernando

A2 - Rasmussen, Erik

A2 - Granqvist, Claes

A2 - Ivanov, Volodymyr

A2 - Kaklauskas, Habil

A2 - Makonin, Stephen

PB - Woodhead Publishing

ER -

Tanev S, Rasmussen ES, Riber Hansen K. Business plan basics for engineers and new technology firms. In Pacheco-Torgal F, Rasmussen E, Granqvist C, Ivanov V, Kaklauskas H, Makonin S, editors, Start-Up Creation: The Smart Eco-efficient Built Environment. 2. ed. Woodhead Publishing. 2020. p. 19-40. (Woodhead Publishing Series in Civil and Structural Engineering, Vol. 66). doi: 10.1016/B978-0-12-819946-6.00002-3

Business plan basics for engineers and new technology firms

Abstract

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Related research output

Start-up creation: the smart eco-efficient built environment

Cite this