Homework
Purpose of Homework
Students will have the opportunity to research a company and industry to conceptualize forming a new division of an existing company based on a new product or service. The assigned text and Strategic Planning Outline serve as a guide to complete sections of the capstone project each week. This will allow the student to lay the basic foundation for an effective strategic plan.
Use the Strategic Planning Outline as a guide to complete sections of your capstone project. Cite your resources.
Develop a minimum 1,400 words proposal in which you explain the importance of innovation in your selected division's vision, mission, and values, and determine your business model for this new division.
Include the following:
a. Propose a new product or service for the new company division. The division should be customer-focused with an innovative mission statement. Ensure you are differentiating your product or service.
b. Describe how the division addresses customer needs and achieves competitive advantage.
c. Create a vision and a business model for this new division that clearly demonstrates your decision on what you want your business to become in the future.
d. Explain how the vision, mission, and value of the new division align with the company's mission and vision.
e. Summarize how the vision, mission, and values guide the division's strategic direction.
f. Define your guiding principles and values for your division in the context of culture, social responsibility, and ethics.
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.