Overview
In this assignment, you will focus on these sections of your business plan:
Operations.
Technology.
Management and Organization.
Social Responsibility.
Financials.
You will revise the Operations, Social Responsibility, and Financials sections based on the feedback you received in the discussion threads and any changes you want to make to your business plan.
The Technology and Management and Organization sections are new. You have not worked on these sections in your discussion threads.
The assignment consists of two parts:
The business plan (A3-Operations, Technology, Management, and Ethics Plan Template Download A3-Operations, Technology, Management, and Ethics Plan Template[doc]).
Business plan financials (using the Business Plan Financials Excel Template).
To successfully complete this assignment, you must attach both documents to the submission area as separate files and then click Submit.
Reminders and Notes
Your chosen company will operate in a 100-mile radius from your home address. Your goal is to reach $1 million in sales by the end of the second year.
Be sure to follow the guidelines, whether you use the snack food company scenario or the company of your choice:
Snack Food Company Guidelines [PDF] Download Snack Food Company Guidelines [PDF].
Company of Your Choice Guidelines [PDF] Download Company of Your Choice Guidelines [PDF].
You are not starting this assignment from scratch. You have already worked on these sections of your business plan in the weekly discussions:
Operations (Week 5 discussion).
Social Responsibility (Week 6 discussion).
Financials (Week 7 discussion).
Part 1: Business Plan
Write a 4-8 page paper, in MS Word, in which you provide the specified information in each section.
Operations Section (1-2 pages)
Notes
Chapter 11, “Operations,” pages 195-218, of your textbook provides information about developing an operations plan. The chapter also provides a sample operations plan. You’ve already read this chapter in Week 5. Refer to it on an as needed basis as you work on this section of your business plan.
Assign a dollar amount to each operational cost you find; you will need these figures for your financials (Business Plan Financials Excel Template).
If you are working with the snack food company scenario, be sure to use the information and costs provided in the Snack Food Company Guidelines.
Revise your post and the feedback you received on it in the Week 5 discussion thread to create your operations plan.
Instructions
Create an operations plan for your selected company expanding on each of these topics:
Facilities.
Consider questions such as these regarding facilities:
Will you rent or buy your facilities, or will you outsource production to an existing company?
If you are renting or buying your facilities, what utilities will be required to run the operation?
What will be the costs associated with any necessary utilities?
Production Process or Description of How Your Business Will Operate If Retail or Service Company.
Include any equipment you plan to use, if applicable.
Research needed equipment, such as machines, refrigerators, burners, ovens, and so on.
Will you rent or buy needed equipment?
How will you maintain and clean the equipment?
How will you ensure quality control?
What capacity do you intend to reach?
If you have a retail or service business, consider any equipment you might need in your process.
Explain your approach to inventory, as applicable.
Where do your supplies come from?
What is your turnaround time to produce your product once you have received an order?
Research and Development.
How will you stay abreast of new developments in the industry?
What new products or services are in development?
Personnel Needs in Operations.
How many operations employees do you plan to have?
What will their roles be?
Technology Section (1-2 pages)
Notes
Chapter 12, “Technology Plan,” pages 225-234, of your textbook provides information about developing a technology plan. The chapter also provides a sample technology plan. You’ve already read this chapter in Week 5. Refer to it on an as needed basis as you work on this section of your business plan.
Assign a dollar amount to each technology cost you find; you will need these figures for your financials (Business Plan Financials Excel Template).
If you are working with the snack food company scenario, be sure to use the information and costs provided in the Snack Food Company Guidelines.
Consider the type of technology your selected company will use to conduct activities, such as managing personnel; taking, fulfilling, and tracking orders; managing inventory; communicating with customers and providing customer service; and producing your product or providing your service.
Instructions
Create a technology plan for your selected company expanding on each of these topics:
Software Needs.
Examples of software you might need include graphics, customer relationship management, accounting, inventory, and office suite.
Hardware Needs.
Examples of hardware you might need include computers, monitors, servers, routers, and tablets.
Telecommunication Needs.
Examples of telecommunication equipment you might need include phones, Internet, fax, and mobile phones.
Personnel Needs in Technology.
Will your technology personnel be in-house or outsourced?
Management and Organization Section (1-2 pages)
Notes
Chapter 13, “Management & Organization,” pages 235-258, of your textbook provides information about developing a management and organization plan. The chapter also provides a sample management and organization plan. This chapter was part of the assigned reading for this week. Refer to this chapter on an as needed basis as you work on this section of your business plan.
Be sure to include the salary costs associated with the management personnel; you will need these figures for your financials (Business Plan Financials Excel Template).
Instructions
Create a management and organization plan for your selected company expanding on each of these topics:
Key Management Employees.
List key management team members along with a several sentence description of each person’s relevant business background and responsibilities.
Advisors.
List any people you will use as advisors for your business; include a several sentence description of these individuals’ areas of expertise and their expected contribution to the business.
Management Hierarchy.
Outline your company’s management hierarchy using the flow charts on page 248 of your textbook as a guide.
Import/include all charts or diagrams into the MS Word document.
Social Responsibility Section (1-2 pages)
Notes
Chapter 14, “Social Responsibility & Sustainability,” pages 259-270, of your textbook provides information about developing your social responsibility plan. The chapter also provides a sample social responsibility and sustainability plan. You’ve already read this chapter in Week 6. Refer to it on an as needed basis as you work on this section of your business plan.
Revise your post and the feedback you received on it in the Week 6 discussion thread to create your social responsibility plan.
Instructions
Create a social responsibility plan for your selected company expanding on each of these topics:
Impact on Stakeholders.
Describe the ways your chosen company will impact stakeholders, such as employees, customers, suppliers, and the community. This is the people section of the triple bottom line.
What types of benefits (such as health care, flexible work hours, and opportunities for advancement and education) will your company offer employees?
What types of opportunities (such as classes, sponsored events, and Helpance to causes and charities) will your company offer the community?
Environmental Impact.
Explain how your company’s activities will affect the environment.
Identify the steps you will take to mitigate any negative impacts.
How will you minimize your ecological footprint in your operations? Consider energy usage, waste disposal, recycling, using recycled materials, et cetera.
Formatting
Format your assignment according to these requirements:
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS Helpance, including citations and formatting. Please refer to the Library site for all supports. Check with your professor for any additional instructions.
Typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
You must include headings in your paper for each major topic.
Include a cover page containing the assignment title, your name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.
Include a source list page. All sources used must be listed in the source list page and have a corresponding in-text citation. Citations and references must follow SWS format. The source list page is not included in the required page length.
Note: There is no minimum requirement for the number of resources used in this assignment.
Part 2: Business Plan Financials
Revise the Business Plan Financials Excel Template based on feedback from the Week 7 discussion thread and changes you make to your business plan.
Be sure the numbers in the Business Plan Financials Excel Template match any numbers included in the Operations, Technology, and Management and Organization sections of your business plan narrative.
Remember that the guidelines, whether for your own startup company or for the snack food company scenario, provide helpful information on completing the worksheets within the Business Plan Financials Excel Template.
Snack Food Company Guidelines [PDF] Download Snack Food Company Guidelines [PDF].
Company of Your Choice Guidelines [PDF] Download Company of Your Choice Guidelines [PDF].
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Part 1: Business Plan
Operations Section
Facilities
I plan to rent a small office space in a commercial area. The office space should be large enough to accommodate my employees and equipment. I will also need to rent a warehouse to store my inventory.
Production Process
I will be manufacturing my own products. The production process will involve a number of steps, including:
Code snippet
* Receiving raw materials
* Processing raw materials
* Packaging products
* Shipping products to customers
Use code with caution. Learn more
Inventory
I will maintain a small inventory of raw materials and finished goods. I will order new inventory as needed to ensure that I have enough products to meet customer demand.
Research and Development
I will invest in research and development to develop new products and improve my existing products. I will also use research and development to identify new markets for my products.
Personnel Needs in Operations
I will need a team of employees to operate my business. I will need a manager, sales representatives, customer service representatives, and warehouse workers.
Technology Section
Software Needs
I will need a number of software programs to operate my business. These programs will include:
Code snippet
* Accounting software
* Customer relationship management software
* Inventory management software
* Shipping software
Use code with caution. Learn more
Hardware Needs
I will need a number of hardware devices to operate my business. These devices will include:
Code snippet
* Computers
* Printers
* Scanners
* Fax machines
Use code with caution. Learn more
Telecommunication Needs
I will need a telecommunications system to communicate with my employees, customers, and suppliers. This system will include a phone system, a high-speed internet connection, and a fax machine.
Personnel Needs in Technology
I will need a team of IT professionals to manage my technology needs. These professionals will be responsible for installing and maintaining my software and hardware, as well as providing support to my employees.
Management and Organization Section
Key Management Employees
The key management employees in my business will be:
Code snippet
* Manager
* Sales Representative
* Customer Service Representative
* Warehouse Worker
Use code with caution. Learn more
Advisors
I will have a team of advisors to help me run my business. These advisors will have expertise in a variety of areas, including marketing, finance, and law.
Management Hierarchy
The management hierarchy in my business will be as follows:
Code snippet
* Manager
* Sales Representative
* Customer Service Representative
* Warehouse Worker
Use code with caution. Learn more
Social Responsibility Section
Impact on Stakeholders
I want my business to have a positive impact on all of its stakeholders, including employees, customers, suppliers, and the community. I will offer my employees competitive salaries and benefits, and I will provide them with opportunities for advancement and education. I will also offer my customers quality products and services at a fair price. I will work with my suppliers to ensure that they are ethical and sustainable businesses. And I will give back to the community by supporting local charities and organizations.
Environmental Impact
I want my business to have a minimal impact on the environment. I will use energy-efficient appliances and lighting, and I will recycle and compost all of my waste. I will also source my materials from sustainable suppliers.
Part 2: Business Plan Financials
The following is a summary of the financial projections for my business:
Revenue: $1 million
Cost of Goods Sold: $500,000
Gross Profit: $500,000
Operating Expenses: $250,000
Net Profit: $250,000
I am confident that my business will be profitable. I have a strong team in place, and I have a clear plan for growth. I am also committed to social responsibility and sustainability, and I believe that these values will make my business more successful in the long run.
