Hello writer, Here is the other assignments I need completed. Please remember to upload them separately when submitting them back to me. Note: same information as the previous assignments. I have another assignment in with you now, its milestone 2 for the Ford EV. Assignment 6: 24 month pro forma Overview Creativity and diversity can lead to outcomes that both maximize profit and enhance social well-being. Business leaders use measurable factors to help determine design and development decisions, go or no-go milestones, financial models, and many what if scenarios. In this process, the new product or service is considered as part of a system. Scenario You rocked your BMC and received a great response from the experienced project manager (PM). As you read the feedback, you realize that its now time to develop the financial component. In the comments, the PM also stated that no matter how good an idea is, to senior management, its a no-go if the new product or service does not produce sales. In preparation for your funding pitch, which you will submit as your course project in Module Seven, the PM also warns that funding pitches are quick and decisive. Including too much information could overwhelm senior management, cause more questions, and erode the purpose of the funding pitch. Prompt The PMs directive at this point is for you to develop a 24-month pro forma that demonstrates the potential profitability of the new product or service in an income statement. You will use the Module Six Assignment Template linked in the Guidelines for Submission section to complete this assignment. You may use the current companys income statement to project what can be added to the companys profitability. This can be found in the companys 10-K. Look to other companies in the marketplace with products or services similar to the one you are proposing as a basis for your projections. Additionally, you may use the companys current year numbers and key assumptions based on your analysis of the market to project into the future. Remember, these numbers are purely speculative. In the template, you will specifically address the following: Previous fiscal year: Identify historical information for the previous fiscal year. 24-month projections: Speculate projections for 24 months. Explanation of assumptions: Explain how you were able to speculate appropriate assumptions. ( Please find template in additional files)(I believe it should be one page, if not let me know) Assignment 7: project submission Competencies In this project, you will demonstrate your mastery of the following competencies: Determine how an organization gains a competitive advantage Determine organizational risk and growth opportunities in order to develop a strategic plan Defend business decisions in support of an organizations strategic plan Scenario Its the moment of truth: your opportunity to demonstrate why your new product or service is worth funding. You have done the research and know that the funding you seek can be a game changer for the company. Not only will it produce revenue and profitability, but more importantly, it will strategically set the company apart from its competition. You just have to convince senior management. In preparation, you have created a checklist for yourself to use in compiling information that includes research, feasibility of the idea via the BMC, scope of project (timeline included), project risk mitigation, DEI, CSR, and 24-month pro forma. You know that anything can happen in a funding pitch. With this in mind, you are prepared to answer questions that encompass all aspects of the project. Directions Create a pitch for funding. In this pitch, you will have to convince senior management to greenlight the new product or service. Aspects of the pitch that must be addressed: Value proposition: Describe the companys current value proposition in the market. Describe the selected companys main product or service. Discuss the companys overall strategic plan. Competitive advantage: Describe the competitive advantage the company will gain by funding the project. Describe how you discovered an opportunity to do something better than your competitors. Determine how the new product or service shifts the value proposition of the company. Risks and opportunities: Establish the risks and growth opportunities of the company. Determine if the new product or service could disrupt the current industry. Identify the risks associated with the development of this new product or service. Growth opportunities: Describe the areas of potential growth for the company. Identify the growth opportunities within the company. Explain how the competitive advantage allows for growth. Distinguish as a new product or innovation: Distinguish the new product/service as an innovation or improvement on an existing product/service. Determine if the product or service fits within the capabilities of the company. Note: a companys SWOT analysis or 10-K is an indicator of whether the new product or service could be feasible. Explain how the new product or service adds to the portfolio of the company. Target segment: Describe the targeted segment. Identify the target customer. Explain your blue ocean strategy. Note: The new market is identified here. Speculate sales: Speculate on the projected sales. Justify your product or service by the numbers; discuss your projected revenue gain. Note: it MUST have an ROI that justifies the project for investors and/or senior management. Explain the risks associated with projected sales. Speculate profitability: Speculate on the profitability of your proposed product or service. Determine if the project is profitable. Note: In this pitch for funding, senior management has to know that the project, based on market research, is speculated to be profitable. Use the companys current income statement to project how the companys profitability will be affected. Look to other companies in the marketplace with products or services similar to the one you are proposing as a basis for your projections. Note: these numbers are purely speculative. Determine the impact on the functional areas of the business (accounting, marketing, sales, and so on). CSR plan: Outline the plan to service the community or customers that purchase the product or service. Discuss how the idea demonstrates corporate social responsibility (CSR). Identify what the company has invested in as it relates to the communities they serve. Discuss how a good CSR plan helps the company gain competitive advantage. DEI plan: Summarize how the project will include a variety of perspectives to get a better unique value proposition. Determine if the company has a corporate culture built on DEI. Discuss how the projects DEI plan fits into the companys overall strategic plan. Funding pitch script Your script should be written as if you were delivering the speech, submitted as a 7- to 8-page Word document. Sources should be cited according to APA style. (Please make this 7 pages)Show more
