Propose a business initiative to address the unmet need


Assignment

Instructions

Complete the worksheet based on your chosen organization. Use Business Source Complete and your selected company's website, annual report, and other available sources.

Organization Information

Organization

Define your chosen company and its industry.

Mission and Vision

Identify the mission and vision of the organization.

Mission
Vision

Organizational Initiatives

Outline 1-2 major initiatives for this organization. What are they currently doing to support these initiatives?

Organizational Plans

Describe the plans employed by the organization. Determine which types of managers create each type of plan.

Type of Plan

Description

Type of Manager

 

 

 

 

 

 

 

 

 

SWOT Analysis

There are various factors within the external environment of an organization that impacts its strategy.

Analyze the organization's SWOT analysis. Identify the internal and external factors. Include a link to the SWOT analysis in the Reference section of this worksheet.

Evaluation

Evaluate if the mission, vision, planning process, and SWOT analysis meet the current needs of the organization. Include the following in your evaluation:

I. Describe the unmet need, (not limited to product or service, can be new demographic, a new mode of delivery, etc.).

II. Analyze your competitive advantages.

i. Based upon the SWOT analysis, is there another business that is doing something similar that can be referred to? Provide examples.
ii. If there is no other business, describe how what you're doing is a unique product or service offering.

III. Propose a competitive business initiative to address the unmet need.

IV. Create a high-level timeline and operational steps necessary to implement your solution.

Format your assignment according to the following formatting requirements:

i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.

ii) 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.

iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.

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Business Management: Propose a business initiative to address the unmet need
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