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 (4-5) page paper in which you:
Describe the organizational structure and management philosophy you will incorporate to hire great people and develop team unity.
Identify the key elements of your corporate culture and outline your key motivational strategies for developing a proper work environment.
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.
Create a technology strategy that explains how you plan to maintain a competitive advantage over your competition.
Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources.
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