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Assignment 3 Part 1 Operation, Technology, and Management P

    Assignment 3 Part 1: Operation, Technology, and Management PlanDue Week 8 and worth 70 pointsUse the “NAB Company Portfolio”.Write a three to six (3-6) page paper in which you provide the following information below.Operations Plan (1 – 2 pages)Note:Remember to assign a dollar amount to each operational cost you find,as you will need these figures for your income statement and cash flowin Week 8.Create an operations plan for your NAB company using the template in the text as a guide (p. 214 | Operations Plan Preparation Form). Extract appropriate information from the NAB Company portfolio,where applicable. Other required items in the template should be filledin using your personal preferences.Provide a rationale forthe competitive advantages section using appropriate functional-leveland business-level strategies to explain the competitive advantages.Note: Much of the research pertaining to the hints provided here can be found in the NAB company portfolio.Hints: Consider whether you will rent or buy your facilities or outsource production to an existing company.Hints:One of your biggest expenses as a startup non-alcoholic beveragecompany will be transitioning from a small batch prototype of yourbeverage to production on a large scale. Research the equipment youwill need (vats, refrigerators, burners, ovens, bottling equipment, andso on), whether you will rent or buy, how you will maintain and cleanit, and so forth. Consider how you will ensure quality control. Whatcapacity do you intend to reach?Hints:Deliberate your inventory control. Where do your supplies come from andwhat is your turnaround time to produce your beverage once you havereceived an order?Hints: Consider your distribution method. Refer back to your notes for the SWOT analysis assignment in Week 2 of class.Hints:How will you stay abreast of new developments in your industry? Whatnew products do you have in development now, in addition to yourflagship product?Describe your research and development activities and explain how they will contribute to the company.Technology Plan (1 – 2 pages)Create a technology plan for your NAB company using the template in the text as a guide (p. 227 | Technology Plan Preparation Form). Extract appropriate information from the NAB Company portfolio,where applicable. Other required items in the template should be filledin using your personal preferences.Provide a rationale for the personnel needs section by incorporating appropriate functional-level strategies. Hints:Consider the type of technology your company will use to conduct thefollowing activities: manage personnel; take, fulfill, and trackorders; manage inventory; communicate with customers and providecustomer service; and produce your beverage.Management & Organization (1 – 2 pages)Create a management plan for your NAB company using the template in the text as a guide (p. 248 | Management Plan Preparation Form). Extract appropriate information from the NAB Company portfolio,where applicable. Other required items in the template should be filledin using your personal preferences.Using the flow charts on p. 242 as a guide, outline your company’s management hierarchy. Note: Charts or diagrams must be imported / included in the MS Word document.Provide a rationale for the management structure and style section by incorporating appropriate functional-level strategies.Format your assignment according to these formatting requirements: Cite the resources you have used to complete this exercise. Note: There is no minimum requirement for the number of resources used in the exercise.Betyped, double spaced, using Times New Roman font (size 12), withone-inch margins on all sides; references must follow APA orschool-specific format. Check with your professor for any additionalinstructions.Include a cover page containing the titleof the assignment, the student’s name, the professor’s name, the coursetitle, and the date. The cover page and the reference page are notincluded in the required page length.The specific course learning outcomes associated with this assignment are:Create a plan to implement a firm’s strategy and manage the change from current operations.Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.Use technology and information resources to research issues in strategic management.Write clearly and concisely about strategic management using proper writing mechanics.Assignment 3 Part 2: Business Plan – DraftDue Week 8 and worth 30 pointsThisassignment consists of two (2) sections: a draft of your business planand an income statement containing your business plan financials (i.e.Week 7 Discussion ‘The Financials’). Note: You must submit both sectionsas separate files for the completion of this assignment.You mustintend to raise money for your startup company. You can start withmoney from friends and family but at some point you will need funds fromoutside investors, either angels or venture capitalists, depending onhow much money you project you will need to raise. Another possibleangle is to develop money through crowdfunding, assuming your productmeets the demand of such audiences.Before you can raise money, you must develop a business plan that convinces an investor that your company will succeed.Section 1: Business Plan (MS Word or equivalent)ReadChapters 18 and 19 of the course text: Successful Business Plan. Usethe Plan Preparation Forms at the end of each chapter of SuccessfulBusiness Plan as a rough guide.Write an approximately fifteen to twenty (15-20) page draft of your business plan in which you:Revise the components of the following previously submitted sections based on the feedback you have received.Company Description (Assignment 1)Industry Analysis and Trends (Assignment 1)Strategic Position & Risk Assessment (Assignment 1)Target Market (Assignment 2)Competition (Assignment 2)Marketing Plan & Sales Strategy (Assignment 2)Create an Ethics & Social Responsibility Plan.Note:The Ethics & Social Responsibility plan should account forapproximately three to five (3-5) pages of the Business Plan Draft.Describe the ways in which your company is committed to being a good corporate citizen.Hints: Consider the following areas: Creating jobsFollowing the laws of every jurisdiction in which your company operatesFair and honest treatment of employeesNon-discrimination of employees and increasing diversity of your work forceHints:If your company is designed as a social venture—in which youhave a primary purpose of achieving a social or environmentalgoal—describe what that goal is and what aspects of your companyare designed to reach that goal. Provide a rationale for why youhave or why you have not chosen this to be a social venture. Discusshow your company’s activities will affect the environment andidentify the steps you will take to mitigate any negative impacts.Hints:As a beverage company, consider such issues as your choice ofpackaging, disposal of bottles / packages by consumers, and youruse of resources, such as water in areas where water may bescarce. Determine any health issues /claims related to the product you are making, whether negative orpositive. Suggest the strategy your company will use to mitigateany negative issues, and to ensure any positive claims are true. Manybeverage products have negative health impacts on certainsegments of a population (e.g., children, pregnant mothers, etc.).Suggest your company’s plan, through advertising, distribution,and / or other methods, to target and reach only appropriate marketsegments.Format your assignment according to these formatting requirements: Citethe resources you have used to complete the exercise. Note: Thereis no minimum requirement for the number of resources used in theexercise.Be typed, double spaced, using Times NewRoman font (size 12), with one-inch margins on all sides;references must follow APA or school-specific format. Check withyour professor for any additional instructions.Includea cover page containing the title of the assignment, thestudent’s name, the professor’s name, the course title, and thedate. The cover page and the reference page are not included inthe required page length.Section 2: Business Plan Financials (MS Excel worksheets template)Foryear one, revise and submit the Income Statement, Cash FlowProjections, and Balance Sheet sections from the “Business PlanFinancials” MS Excel template (see: Course Required Files in Week 1).The specific course learning outcomes associated with this assignment are:Describestrategic planning techniques used to formulate alternativestrategies designed to achieve stated business goals.Create a plan to implement a firm’s strategy and manage the change from current operations.Analyzestrategies for exerting the internal leadership needed to drivethe implementation of strategic initiatives and improve operatingexcellence.Use technology and information resources to research issues in strategic management.Write clearly and concisely about strategic management using proper writing mechanics

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