Unit 7 Assignment: Operations and Finance Strategies (Strategic Business Plan Part 3)

Assignment: Operations and Finance Strategies (Strategic Business Plan Part 3)

This assignment is due in Unit 8.

This is a three-part strategic business planning assignment that is executed by your virtual team. Complete Part 3 of this assignment in Units 7 and 8 by executing the requirements below. Procrastination can be detrimental to the overall success of your virtual team in this class.

The following Course Outcomes are assessed upon the completion of Part 3 of your strategic business plan:

MT499-5: Evaluate how economics, government, and law affect value creation in the global context.

PC-1.2: Contribute to team goals and objectives through participation and collaboration.

Read the scenario and then address the Unit 7 requirements.

Scenario:

Your strategic business plan is coming due for submission to the group of angel investors funding the development of your virtual business, and they are looking forward to reviewing it. It is imperative for your virtual team to complete and submit the strategic business plan on time.

Along with the strategic business plan, your virtual team will work on recording an oral presentation of your strategic business plan due to the angel investors in the near future. Your virtual team should design and develop a professional, narrated PowerPoint^® presentation to pitch your strategic business plan to the group of angel investors. It is due to be posted on the Discussion Board in Unit 9 for review.

Due to the importance of this strategic business planning project, it will be essential that each member of your virtual team demonstrate exemplary leadership, strategic thinking, creativity, research, communication, professionalism, and time-management abilities to ensure success. Complete the following requirements for Part 3 of this strategic business planning process for your virtual business:

Assignment: Strategic Plan Part 3 Requirements:

• Determine the location of your virtual business. Every business needs an address for several reasons, even a virtual business. Determine what those reasons are, and why you chose that location. Do not forget management and maintenance of facilities if a physical location is needed.
• Develop a technology plan outlining all of the types of technology you will need to operate your virtual business.
• Determine the tools and equipment needed to operate your virtual business.
• Determine performance milestones and design key metrics to measure success.
• Develop a service blueprint to map the customer relationship and transaction process and explain the map’s significance.
• Create a procurement process to streamline the acquisition of inventory and capital expenditures, as needed.
• Determine and plan the financial operations of your virtual business.
• Conduct an analysis to determine risk to the virtual business. Devise a plan to mitigate identified risks.
• Determine the type of insurance your virtual business needs.
• As senior partners in the virtual business, determine compensation packages for each virtual team member and recommend an equity structure in partnership with the angel investors for your virtual business.
• Explain any operational and financial checks and balances that will be implemented to protect the interests of the investors.
• Based on estimates from market research, product pricing strategies, and promotional campaign predictions, develop a 3-year sales forecast for each product of your virtual business.
• Develop an operating budget for your virtual business.
• Develop cash flow, profit and loss, balance sheet, and break-even analysis forecast projections for your virtual business.
• Determine if additional funding from the angel investors or contributions from the virtual team are needed to operate your virtual business.
• Determine the return on investment for any angel investor and virtual team member funding.
• Synthesize a minimum of three peer-reviewed, academic research resources to substantiate your critical thinking and to provide viable reasoning for your perspectives.
• Apply proper current APA style citation format.
• Use headings to segment the topics in your writing in order to create a flow of ideas for your reader.

Your complete strategic business plan (Parts 1–3) should be submitted to the Unit 8 Dropbox for grading. Each individual student must submit the strategic business plan to the Unit 8 Dropbox.

Download the Unit 8 Assignment grading rubric.