Bus 437 week 3 dq 1 implementation

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This document of BUS 437 Week 3 Discussion Questions 1
Implementation includes:
There is a vast difference between thinking up a new product
idea and actually designing and manufacturing the product.
Explain the nature and importance of this difference. Why do
you think this task is more difficult than anticipated?
Respond to at least two of your classmates
Business - General Business
Writing the Business Plan . It is often stated that the process
of writing a business plan is as important as the plan itself.
Provide a rationale for agreement or disagreement to this
statement. What is potentially gained from the writing
process? Respond to at least two of your classmates’
postings.
Using Outside Help to Write the Plan . Respond to the
following: What are the benefits and liabilities of using a
software package to help write a business plan or hiring
consultants to write the business plan for you? Respond to at
least two of your classmates’ postings
Company Description . You will be developing the
components of your Final Business Plan with each weekly
assignment. Be sure to choose your business carefully, as you
will not be able to switch later in the course. Submit the
following section of your business plan:
Company Description : What business will you be in? What

2. will you do? Describe in a 2-3 page APA paper each of the
following elements:
s Philosophy
Customer Survey . Develop a one paragraph overview of your
product or service. Then, identify at least five questions to
include in a customer survey. Respond to at least two of your
classmates and critique the questions developed to
determine if their questions will address customer benefits of
their product
Industry Analysis . Identify two attractive (growth) and two
unattractive (dying) industries to enter into as a new
entrepreneur. Provide your reasons for the selections.
Respond to at least two of your classmates’ postings
Marketing Section . In a 2-3 page APA paper, submit the
following sections of your business plan:
Product or Service :
provide for customers.
company.
Market Analysis :
your product/service.
Be sure to include at least one scholarly reference in your
paper.
Implementation . There is a vast difference between thinking
up a new product idea and actually designing and

3. manufacturing the product. Explain the nature and
importance of this difference. Why do you think this task is
more difficult than anticipated? Respond to at least two of
your classmates’ postings.
Operations Model . Why do you think an operations model
can serve as the cornerstone of the success of a new
venture? Identify one company that has developed a unique
operating model (as an example, Dell developed a very
unique operating model to sell customized computers
online). Respond to at least two of your classmates’ postings
Strategy, Implementation, Management Sections . In a 2-3
page APA paper, submit the following sections of your
business plan:
Strategy and Implementation :
strengths and core competencies.
in the production of a product or the delivery of a service.
Management Team :
personally bring to this new venture?
they bring to the venture?
ectors,
board of advisors, etc?) Be specific.
Be sure to include at least two scholarly references in your
paper.
Sequence of Information . Your friend is getting ready to
write a business plan for a new business. Your friend told you
the plans are to prepare the financial statements first to get
that job out of the way before the rest of the plan is

4. developed. Explain the flaw in this approach. What value
does it provide the entrepreneur to write the financial
section as the last part of the business plan? Respond to at
least two of your classmates’ postings.
Financial Projections . Respond to your friend’s question:
“How in the world do you project income and expenses for a
business that doesn’t exist?” Respond to at least two of your
classmates’ postings.
Finance Section . In a 2-3 page APA paper, submit the
following segment of your business plan:
Financial Plan : Include material on the following:
1. Source and use of funds sheet (how much money a firm
needs, how it will raise money, and what the money will be
used for)
2. Assumptions sheet (explanation of the most critical
assumptions that your financial statements are based on)
3. Pro Forma Income Statement
4. Balance Sheet
5. Cash Flow Statement
Be sure to include at least two scholarly references in your
paper.
Slogan . In order to develop your business plan presentation
you believe it will be important to develop a catchy slogan to
describe your business. Share your slogan with your
classmates and critique the slogans presented by two of your
classmates.
Presentation Concerns . Identify your biggest concern in
developing a business plan presentation. Describe how you
will overcome your concern. Provide advice to two other
classmates on possible ways to overcome their concerns.

5. Download foreign language learning podcasts and MP3
lessons onto your MP3 player or tablet. Listen to the lessons
while driving or riding the bus to school. This will help
prepare you for your foreign language classes. You can
practice pronunciation, and work on vocabulary instead of
wasting your travel time....
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