In this assignment, you will focus on these sections of your business plan:
Management and Organization.
You will revise the Operations, Social Responsibility, and Financials sections based on the feedback you received in the discussion threads and any changes you want to make to your business plan.The Technology and Management and Organization sections are new.
Write a 4 page paper, in MS Word, in which you provide the specified information in each section.
Operations Section (1 page)
Create an operations plan for your selected company expanding on each of these topics:
Consider questions such as these regarding facilities:
Will you rent or buy your facilities, or will you outsource production to an existing company?
If you are renting or buying your facilities, what utilities will be required to run the operation?
What will be the costs associated with any necessary utilities?
Production Process or Description of How Your Business Will Operate If Retail or Service Company.
Include any equipment you plan to use, if applicable.
Research needed equipment, such as machines, refrigerators, burners, ovens, and so on.
Will you rent or buy needed equipment?
How will you maintain and clean the equipment?
How will you ensure quality control?
What capacity do you intend to reach?
If you have a retail or service business, consider any equipment you might need in your process.
Explain your approach to inventory, as applicable.
Where do your supplies come from?
What is your turnaround time to produce your product once you have received an order?
Research and Development.
How will you stay abreast of new developments in the industry?
What new products or services are in development?
Personnel Needs in Operations.
How many operations employees do you plan to have?
What will their roles be?
Technology Section (1 page)
Create a technology plan for your selected company expanding on each of these topics:
Examples of software you might need to include graphics, customer relationship management, accounting, inventory, and office suite.
Examples of hardware you might need include computers, monitors, servers, routers, and tablets.
Examples of telecommunication equipment you might need include phones, Internet, fax, and mobile phones.
Personnel Needs in Technology.
Will your technology personnel be in-house or outsourced?
Management and Organization Section (1page)
Create a management and organization plan for your selected company expanding on each of these topics:
Key Management Employees.
List key management team members along with a several-sentence description of each person’s relevant business background and responsibilities.
List any people you will use as advisors for your business; include a several-sentence description of these individuals’ areas of expertise and their expected contribution to the business.
Outline your company’s management hierarchy using the flow charts on page 248 of your textbook as a guide.
Import/include all charts or diagrams into the MS Word document.
Social Responsibility Section (1 page)
Create a social responsibility plan for your selected company expanding on each of these topics:
Impact on Stakeholders.
Describe the ways your chosen company will impact stakeholders, such as employees, customers, suppliers, and the community. This is the people section of the triple bottom line.
What types of benefits (such as health care, flexible work hours, and opportunities for advancement and education) will your company offer employees?
What types of opportunities (such as classes, sponsored events, and assistance to causes and charities) will your company offer the community?
Explain how your company’s activities will affect the environment.
Identify the steps you will take to mitigate any negative impacts.
How will you minimize your ecological footprint in your operations? Consider energy usage, waste disposal, recycling, using recycled materials, et cetera.
Include a source list page. All sources used must be listed on the source list page and have a corresponding in-text citation.