THIS IS A MULTI-PART ASSIGNMENT, THE EXCEL WORKSHEET HAS TO BE COMPLETED AS WELL AND THE INFORMATION WILL BE PROVIDED FOR THAT. IT HAS TO BE COMPLETED FIRST
In this assignment, you will focus on these sections of your business plan:
Operations.
Technology.
Management.
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:
The business plan (an MS Word document).
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:
Snack Food Company Guidelines [DOCX].
Company of Your Choice Guidelines [DOCX].
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, 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?
