Assignment 3: Business Plan Part III - Business Initiative And Technology
In Part I and Part II of 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 a four to six page paper in which you:
1. Describe the organizational structure and management philosophy you will incorporate to hire great people and develop team unity.
2. Identify the key elements of your corporate culture and outline your key motivational strategies for developing a proper work environment.
3. Present your operational strategy that identifies the core aspects of how your business processes and procedures will be designed to run an effective and efficient organization.
4. Create a technology strategy that explains how you plan to maintain a competitive advantage over your competition.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, 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 assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
The specific course learning outcomes associated with this assignment are:
Analyze the strategies for managing growth, the implications for growth, and sources for business growth.
Use technology and information resources to research issues in entrepreneurship and innovation.
Write clearly and concisely about entrepreneurship and innovation using proper writing mechanics.