Develop a detailed business plan for a business


Assignment:

Working Together Upon execution of a business process, a workflow system dictates the presentation of the information, tracks the information, and maintains the information's status. For example, the following highlights the common steps performed during a team project:

1. Find out what information and deliverables are required for the project and the due date.

2. Divide the work among the team members.

3. Determine due dates for the different pieces of work.

4. Compile all the completed work together into a single project. One of the hardest parts of a team project is getting team members to complete their work on time. Often one team member cannot perform his or her work until another team member has finished. This situation causes work to sit idle waiting for a team member to pick it up to either approve it, continue working on it, or reformat it. Workflow systems help to automate the process of presenting and passing information around a team.

PROJECT FOCUS

You have just received an assignment to work on a group project with 10 other students. The project requires you to develop a detailed business plan for a business of your choice. The types of activities you will need to perform include market analysis, industry analysis, growth opportunities, Porter's Five Forces analysis, financial forecasts, competitive advantage analysis, and so on. For your project, determine the following:

Q1. How could you use collaboration tools to facilitate the sharing of information and the completion of the project?

Q2. What advantages can your group gain from using Groupware?

Q3. What advantages can your group gain from using IM?

Q4. How could you use a workflow system to manage the tasks for the group members?

Q5. Describe a few of the biggest issues you anticipate experiencing during the group project. Identify ways that you can resolve these issues using collaboration tools.

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Finance Basics: Develop a detailed business plan for a business
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