Homework: Business Plan- Business Initiative and Technology
In your business plan you developed a comprehensive analysis of your business concept, business model, target market, feasibility study, competitive analysis, differentiation strategy, risk assessment, strategic position statement, and marketing plan.In Part III, you will complete the final elements of your business plan by describing the organizational structure and management philosophy you will incorporate to hire great people and develop team unity. You will identify key elements of your corporate culture and outline your key motivational strategies for developing a proper work environment. Finally, you will present your operational strategy that identifies core aspects of how your business processes and procedures will be designed to run an effective and efficient organization. As part of your operations plan, you are to include a technology strategy that indicates how you plan to have a competitive advantage over your competition.
Write 4 to 6 pages paper in which you:
I. Explain your business's organizational structure, including the Board of Directors, leadership team, organizational hierarchy, and support professionals.
II. Explain your business's management strategy, including key responsibilities of the management team, goal setting and timelines, and use of external management resources.
III. Explain four key elements of your corporate culture and one strategy to achieve each in your work environment.
IV. Create an operational strategy identifying four core aspects of how your business processes and procedures will be designed to run an effective and efficient organization; provide rationale for each.
V. Create a technology strategy detailing at least three specific and actionable items to maintain a competitive advantage over the competition.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. 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.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
1. Propose an organizational structure and operational strategies for a given business.