QCA3901 - Business Plan Initial Concept (Part A)

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Leesa Watego

For QCA3901 Commercial Processes. This is the template to be submitted in week 4.

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Business Plan Concept – Initial Proposal – (Due Week 4) [Remove text in brackets & insert your own text, Save As surname_businessplanconcept, and upload to Assessment area in Blackboard, keep a copy of this proposal in your Business Folder] 1) Business Vision:[Write in present tense as if you have achieved your vision. Eg. A thriving arts community providing a creative physical space for emerging artists] 2) Business Idea:[A two sentence summary including your competitive advantage] 3) Value Proposition:Develop a simple and effective statement outlining your value proposition 4) SWOT Analysis ,[object Object]

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Competitive & Strategic Analysis BUS 109 Discussion Week 9 Agenda • EXAM 2 Review • Remaining Requirements • Handbook/iEvals • CEO Project/Peer Evals • Final Thoughts Exam 2 • Same format as Exam 1 (essay question + free response) • Bring blue book next Monday and Wednesday • Define key concepts + provide quality company examples EXAM 2 Review Question 1 1. On Functional Strategy – Pertaining to your CEO Project Company – a. Among the various functional divisions of the firm, identify the most burning issue whereby your functional strategy (marketing, financial, operational, etc.) impacts the overall corporate AND business strategies. Explain in detail. i. More directly, select two functional areas and discuss the following: 1. Identify the function’s essential goal for 2017 2. What resources must be employed to effectively realize this goal 3. What measures will indicate whether your functional strategy has produced the required results Does It Work? What do we have/need? What to do/not to do? Question 1 • Step 1: Define and Link: Corporate Strategy, Business Strategy, Functional Strategy • Step 2: Select from two functional areas and discuss: This question is basically a question of alignment 1) How does your Functional Strategy help achieve your Business Strategies and Corporate Strategies? 2) What is your Functional Strategy’s Goal for 2017? • Refer back to Strategic Alternatives when you changed your Functional Strategies, what was the goal? 3) What Resources are required to achieve this goal? • Refer to your Corporate Resources, Job Creation, Corporate Structure • Resources required = Total Resources demanded – Resources on hand 4) How do you measure the success of your goal? • Balanced Scorecard under Measure • TIPS • The KEYWORD is “YOUR.” This question does not refer to the Current Strategic Posture, this question refers to your strategy under the Strategic Alternatives section Firm 1 Firm 3 Firm 4 Firm 5 Firm 2 SBU1 SBU2 SBU3 SBU4 SBU5 Industry Boundary Firm Boundary Business Strategy Corporate Strategy Economic Logic (How do we compete) Porter’s Generic Strategies Value Chain Analysis Customer Value Decomposition Corporate Theory and Stakeholder Value Integration and RBV Core competencies; VRIO; Business Model Business-Corporate Integration: Strategy Diamond Arena: Where to Compete? Differentiators: What weapons? Staging: What steps? Vehicles: How to get there? Economic Logic: How does it work? Question 1 • External Analysis – Positioning/Ind. Structure • Internal Analysis – RBV/VRIO • Organizational Evolution – Learning goal Time Success Question 2 2. On Strategic Intent and Strategy Implementation a. First, identify your CEO company’s strategic intent, that is, the ambitious stretch targets that go beyond corporate vision propelling the firm to win. Pull from the readings to support your response b. Second, identify and discuss the important componen.

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