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External link to Question : 31) According to Okun’s Law, for each 1 percentage point : 1240618
Economics

Question : 31) According to Okun’s Law, for each 1 percentage point : 1240618

    31) According to Okun’s Law, for each 1 percentage point that the unemployment rate is above the natural unemployment rate, then A) the inflation rate is less than the expected inflation rate by 1 percentage point. B) real GDP is below potential GDP by 2 percent. C) real GDP is above potential GDP by 2 percent. D) the inflation rate is greater than […]

External link to Question : 51) Jack Nelson, a supervisor in the hardware department at : 1227965
Economics

Question : 51) Jack Nelson, a supervisor in the hardware department at : 1227965

    51) Jack Nelson, a supervisor in the hardware department at Sears, received a $3,000 increase in his annual disposable income. Suppose his marginal propensity to consume is 0.80. How much of the $3,000 increase will Jack spend on consumption? A) $2,750 B) $2,500 C) $2,400 D) $2,200 E) $3,000   52) If your MPC is 0.5, then when your disposable income increases by […]

External link to Question : 71. Upton Products Inc. would like to prepare a summary cash : 1295647
Economics

Question : 71. Upton Products Inc. would like to prepare a summary cash : 1295647

    71. Upton Products Inc. would like to prepare a summary cash budget for the first quarter of 2008. The following information regarding operating activities from the cash receipts and cash disbursements budgets are available:    January February March Cash receipts $15,000 $23,000 $34,000 Cash disbursements 13,000 26,000 30,000         The following information is also available:  · The cash balance on January […]

External link to Question : 71.AnAmericancompanyoperatesafastfoodrestaurantinParis,France.Whichofthefollowingstatementsisaccurate? a.ThevalueofthegoodsandservicesproducedbytherestaurantisincludedinbothFrenchGDPandU.S.GDP. : 1261633
Economics

Question : 71.AnAmericancompanyoperatesafastfoodrestaurantinParis,France.Whichofthefollowingstatementsisaccurate? a.ThevalueofthegoodsandservicesproducedbytherestaurantisincludedinbothFrenchGDPandU.S.GDP. : 1261633

  71.AnAmericancompanyoperatesafastfoodrestaurantinParis,France.Whichofthefollowingstatementsisaccurate? a.ThevalueofthegoodsandservicesproducedbytherestaurantisincludedinbothFrenchGDPandU.S.GDP. b.ThevalueaddedbyAmericanworkersandequipmentinFranceisincludedinU.S.GDPandthevalueaddedbyFrenchworkersandequipmentisaddedtoFrenchGDP. c.ThevalueofthegoodsandservicesproducedbytherestaurantisincludedinFrenchGDP,butnotinU.S.GDP. d.ThevalueofthegoodsandservicesproducedbytherestaurantisincludedinU.S.GDP,butnotinFrenchGDP. 72.MichiganCranberryCompanysold$10millionworthofcranberriesitproduced.Inproducingcranberries,itpurchased$1milliondollarsworthofsuppliesfromforeigncountriesandpaidworkerswhoresideinCanadabutcommutetotheU.S.$1million.HowmuchdidthesetransactionsaddtoU.S.GDP? a.$12million b.$11million c.$10million d.$9million 73.QualityMotorsisaJapanese-ownedcompanythatproducesautomobiles;allofitsautomobilesareproducedinAmericanplants.In2010QualityMotorsproduced$30millionworthofautomobiles,with$17millioninsalestoAmericans,$9millioninsalestoCanadians,and$4millionworthofautomobilesaddedtoQualityMotors’inventory.ThetransactionsjustdescribedcontributehowmuchtoU.S.GDPfor2010? a.$17million b.$21million c.$26million d.$30million 74.QualityMotorsisaJapanese-ownedcompanythatproducesautomobiles;allofitsautomobilesareproducedinAmericanplants.In2008, Quality Motorsproduced $25million worthof automobilesand sold$12 million intheU.S. and$13millioninMexico. Inaddition,itsold$2million fromthepreviousyear’sinventoryin theU.S.ThetransactionsjustdescribedcontributehowmuchtoU.S.GDPfor2008? a.$12million b.$14million c.$25million d.$27million 75.WhichofthefollowingitemsisincludedinU.S.GDP? a.goodsproducedbyforeigncitizensworkingintheUnitedStates b.thedifferenceinthepriceofthesaleofanexistinghomeanditsoriginalpurchaseprice c.knownillegalactivities d.NoneoftheaboveisincludedinU.S.GDP. 76.WhichofthefollowingitemsisincludedinU.S.GDP? a.finalgoodsandservicesthatarepurchasedbytheU.S.federalgovernment b.intermediategoodsthatareproducedintheU.S.butthatareunsoldattheendoftheGDPaccountingperiod c.goodsandservicesproducedbyforeigncitizensworkingintheU.S. d.AlloftheaboveareincludedinU.S.GDP. 77.WhichofthefollowingitemsisincludedinU.S.GDP? a.theestimatedvalueofproductionaccomplishedathome,suchasbackyardproductionoffruitsandvegetables b.thevalueofillegally-producedgoodsandservices c.thevalueofcarsandtrucksproducedinforeigncountriesandsoldintheU.S. d.NoneoftheaboveisincludedinU.S.GDP. 78.Whichof the following isnotincludedinU.S.GDP? a.ThemarketvalueofanoilchangethatBenperformsonhisowncar. b.ThemarketvalueofanoilchangeatSpeedyLube. c.ThemarketvalueofoilpurchasedbyBen. d.ProductionofforeigncitizenslivingintheUnitedStatesthatworkinanoilpackagingfacility. 79.Whichof the following isnotincludedinU.S.GDP? a.additionsofnewlyproducedoutputtoinventory b.productionofU.Scitizensworkinginforeigncountries. c.theestimatedrentalvalueofowner-occupiedhousing d.thevalueoffoodpurchasedfromagrocerystoretomakemealsathomewithoutpay 80.WhichofthefollowingvalueswouldbeincludedinU.S.GDPfor2015? […]

External link to Question : 128.Charlie Shine has written a self-improvement book. The following its : 1302731
Economics

Question : 128.Charlie Shine has written a self-improvement book. The following its : 1302731

    128.Charlie Shine has written a self-improvement book. The following are its pricing and cost details:   Selling price              $18.00 per book Variable cost per unit: Production              $3.50 Selling & administrative              1.90 Fixed costs: Production              $33,600 per year Selling & administrative              15,540 per year   What is the cost formula for this operation, where TC = Total cost and x = units sold? A.TC […]

External link to Question : 3.3   Market Equilibrium: Putting Demand and Supply Together 1) Which of : 1387393
Economics

Question : 3.3   Market Equilibrium: Putting Demand and Supply Together 1) Which of : 1387393

    3.3   Market Equilibrium: Putting Demand and Supply Together   1) Which of the following is the correct way to describe equilibrium in a market? A) At equilibrium, demand equals supply. B) At equilibrium, quantity demanded equals quantity supplied. C) At equilibrium, market forces no longer apply. D) At equilibrium, scarcity is eliminated.   2) At a product’s equilibrium price, A) the product’s demand […]

External link to Question : 51) Competition in the political marketplace can result in the : 1238659
Economics

Question : 51) Competition in the political marketplace can result in the : 1238659

  51) Competition in the political marketplace can result in the efficient provision of a public good if A) there is only one political party. B) voters’ preferences are unknown. C) benefits are small. D) voters are well informed and evaluate the alternatives. E) politicians need to be elected by majority votes.   52) Which of the following can bring about an efficient level of […]

External link to Question : 81. The total time a product in production, including process time, : 1291611
Economics

Question : 81. The total time a product in production, including process time, : 1291611

  81. The total time a product is in production, including process time, inspection time, wait time, and move time, is called: A. efficiency time.B. manufacturing cycle time.C. customer response time.D. value-added time.   82. The number of good units that can be made in a given period of time is called: A. throughput.B. kaizen.C. manufacturing cycle efficiency.D. customer response time.   83. In general, as the manufacturing cycle time decreases, throughput will: A. decrease.B. increase.C. stay the same.D. be eliminated.   84. Manufacturing […]

External link to Question : 71. (p. 406) For many technical products, the willingness of the seller to : 1242111
Economics

Question : 71. (p. 406) For many technical products, the willingness of the seller to : 1242111

  71. (p. 406) For many technical products, the willingness of the seller to provide _____ may be the deciding factor for the buyers accepting one company’s product over another’s.  A. trade in kind B. barter arrangements C. installation and training D. a 90-day no pay period E. a no fault policy 72. (p. 407) McDonald’s Hamburger University is known for having one of the finest (and most famous) international customer training facilities in the world. […]

External link to Question : 31)Which of the following conversion factors would limit a calculation : 1309574
Economics

Question : 31)Which of the following conversion factors would limit a calculation : 1309574

    31)Which of the following conversion factors would limit a calculation to two significant figures? a) b) c) d)more than one correct response e)no correct response       32)Density can be used as a conversion factor to convert from a)mass to volume b)volume to mass c)metric unit mass to English unit mass d)more than one correct response e)no correct response       […]

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July 1, 2023
    

 

Week 8 Assignment - Operations, Technology, Management, and Social Responsibility Plan (With Financials)

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:

  1. The business plan (an MS Word document).
  2. 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:
  • 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 assistance 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). For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.
  • 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.

Learning Outcomes

default image
July 1, 2023
    

 

Week 8 Assignment - Operations, Technology, Management, and Social Responsibility Plan (With Financials)

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:

  1. The business plan (an MS Word document).
  2. 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:
  • 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 assistance 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). For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.
  • 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.

Learning Outcomes

default image
July 1, 2023
    

 

Week 8 Assignment - Operations, Technology, Management, and Social Responsibility Plan (With Financials)

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:

  1. The business plan (an MS Word document).
  2. 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:
  • 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 assistance 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). For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.
  • 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.

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