[MUSIC] Welcome to this capstone, computing the value creation through innovation specialization. You've now completed all the courses of this specialization. Well done, and I hope that you have enjoyed everything so far. You have reached the final part, the capstone project, but do you remember where we started? The impact of technology, looking into how a new technology is putting an existing system out of balance, creating a lot of challenges for existing players, but also opportunities. The following courses, after the impact of technology, have focused on how to capitalize on these opportunities. How to go from a potentially promising business idea to something creating value for customers and end users as well as for yourself. Aiming for a meaningful position in an existing, emerging value network. How to develop and refine a rough idea, iterating towards a product market fit, finding something that gets the job done, to quote Hayden Christensen. In this capstone project, you will utilize the methods introduced in the courses and show that you mastered them. But why is this then called a capstone project, and what is actually a capstone? The term capstone or capa is of Latin origin and refers to the top stone or stones with the purpose of shielding a wall from rain. Similar to the position of the capstone on the top of the wall, the capstone project is a metaphor symbolizing the final step in the learning path, the top element that builds upon all previous learnings acquired. The capstone project can be seen as a project where you use show to master and synthesize previously gained learnings. In this particular case, the capstone project, value creation through innovation, builds upon the courses to impact of technology, innovation entrepreneurship, and marketing strategy for entrepreneurs. All the theory and methods included in the courses will not be covered here. But you should be able to show knowledge and judgement regarding when to utilize what method and approach. You will throughout the capstone project work on one project that you select yourself. This should however not be your secret existing startup idea. As whatever is submitted in this capstone project needs to be regarded as public information. Also to follow the general process, the opportunity area chosen should rather be a result of the methodology followed and not predefined by you. You should however pick a system of your preference, being a particular market or industry, as well as a new technology that you think will have a major impact on the chosen system. The opportunity or role in a changing value network should emerge from the analysis of the potential transformation. Each week you will be given one or two major assignments to complete, and later to review. This first week this will be regarding choosing and describing the chosen system and technology, as well as performing a backcasting for the chosen system and technology. Make sure and see to that you are quite familiar with both the system and the chosen technology. You need to have a quite deep understanding of the two to produce a good enough analysis. Also please involve colleagues and friends when performing the backcasting as this will broaden the scope, get more reviews, and then improve the overall quality of the work. To get a feeling for how far wide and detailed you should be able to do your analysis, please look at the fridge example presented in the first week of the impact of technology course. Or think about other historical examples such as the mobile phone, electricity, the car, the Internet, etc. We today know their true impact but think about how much of that that could actually have been predicted beforehand. Prior to doing the assignment, I recommend you to look at the videos regarding backcasting to refresh your memory. Good luck with this first week and choose your case carefully as this is the case you will work with throughout your capstone project.