Assignment: Discussion-The Business Plan
Module Readings
Complete the following readings early in the module:
• Module overview
• From your course textbook, The portable MBA in finance and accounting, 4th, read the following chapters:
o Business Planning
o Business Valuation
o Profitable Growth by Acquisition
o Outsourcing
Module Overview
Business Strategy, Investment, and Financial Decisions
Imagine taking a trip with no prior planning. Following will be some of the major concerns:
• Where will you go?
• How will you get there?
• What will you do there?
• Where will you stay?
• How much money will you need?
Effective planning is the key to answer these questions and to have a successful trip. A start-up or an existing company faces similar concerns while managing its operations.
In this module, you will discover the components that are necessary for an effective planning process. You will also be introduced to sources of funding and the way management decides on funding a new project and evaluates the introduction of a new product or service.
Module Conclusion
In a previous module, you learned about the concept of planning. One of the primary objectives of planning is developing a strategy to reach the company's short- and long-term goals.
Financing is an essential component of the planning process. Financing decisions start with addressing questions such as how much financing will be needed to develop and introduce a new product. The answer depends on understanding the product life cycle and understanding how the product is expected to move through the cycle, depending on the industry. Once the foundation is determined, the next question is to determine what type of financing would be most appropriate.
In this module's assignments, you will demonstrate your understanding of the necessary aspects of a business plan. You will also consider and evaluate the considerations necessary to determine a business form.
Assignment: Discussion-The Business Plan
A convincing business plan will detail the strategy and the future operational plans of an entity. Business plans are an essential part of the start-up information needed for an organization.
In this assignment, you will demonstrate your understanding of the necessary aspects of a professional business plan.
Tasks:
Respond to the following:
• Write a synopsis of your business idea and the important elements/information that should be included in a well thought out business plan.
• Discuss how the information should be organized, and who will use the information for decision-making.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.