Who knows...PLANNING FOR LONG TERM SUCCESS

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Assignment 3: Planning for Long-Term Success

You are to write a three to four (3–4) page paper that answers the following:

1. Once an organization has identified its business foundation, it begins the process of developing tasks that are critical in determining its success in each stage of growth. Describe the six (6) developmental tasks that are necessary for long-term success.

2. Discuss the keys to success in developing Stage I and Stage II organizations. Provide an example of a successful company in each stage.

3. Stages I and II represent the entrepreneurial phase of organizational development while Stage III represents the professional management phase. Discuss the differences between an entrepreneurship and a professionally managed organization.

4. Discuss the keys to success in developing a Stage III organization and a critical challenge that must be met if an organization is to make the transition from an entrepreneurship to a professionally managed organization.

The format of the paper is to be as follows:

o Typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides (APA format).

o Type the question followed by your answer to the question.

o In addition to the three to four (3–4) pages required, a title page is to be included. The title page is to contain the title of the assignment, your name, the instructor’s name, the course title, and the date.

NOTE: You will be graded on the quality of your answers, the logic/organization of the report, your language skills, and your writing skills.

The assignment will be graded using the following rubric:

Outcomes Assessed

· Analyze the stages of organizational growth.

· Analyze management strategies for each stage of organizational growth.

· Use technology and information resources to research issues in management and growth of entrepreneurship business.

Grading Rubric for Assignment 3 — Planning for Long-Term Success

Criteria	0 Unacceptable	20 Developing	30 Competent	40 Exemplary
1.Describe the six (6) developmental tasks that are necessary for long-term success.	Did not complete the assignment or did not describe the six (6) developmental tasks that are necessary for long-term success; omitted key information or included significant amounts of irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic.	Partially described the six (6) developmental tasks that are necessary for long-term success; omitted some information or included some irrelevant information. Completed with less than 60-79% accuracy, thoroughness, and logic.	Sufficiently described the six (6) developmental tasks that are necessary for long-term success. Completed with 80-89% accuracy, thoroughness, and logic.	Fully described the six (6) developmental tasks that are necessary for long-term success. Completed with 90-100% accuracy, thoroughness, and logic.
2.Discuss the keys to success in developing Stage I and Stage II organizations, with examples of successful companies in each stage.	Did not complete the assignment or did not discuss the keys to success in developing Stage I and Stage II organizations, with examples of successful companies in each stage; omitted key information or included significant amounts of irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic.	Partially discussed the keys to success in developing Stage I and Stage II organizations, with examples of successful companies in each stage; omitted some information or included some irrelevant information. Completed with less than 60-79% accuracy, thoroughness, and logic.	Sufficiently discussed the keys to success in developing Stage I and Stage II organizations, with examples of successful companies in each stage. Completed with 80-89% accuracy, thoroughness, and logic.	Fully discussed the keys to success in developing Stage I and Stage II organizations, with examples of successful companies in each stage. Completed with 90-100% accuracy, thoroughness, and logic.
3.Discuss the differences between an entrepreneurship and a professionally managed organization.	Did not complete the assignment or did not discuss the differences between an entrepreneurship and a professionally managed organization; omitted key information or included significant amounts of irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic.	Partially discussed the differences between an entrepreneurship and a professionally managed organization; omitted some information or included some irrelevant information. Completed with less than 60-79% accuracy, thoroughness, and logic.	Sufficiently discussed the differences between an entrepreneurship and a professionally managed organization. Completed with 80-89% accuracy, thoroughness, and logic.	Fully discussed the differences between an entrepreneurship and a professionally managed organization. Completed with 90-100% accuracy, thoroughness, and logic.
4.Discuss the keys to success in developing a Stage III organization and a critical challenge that must be met if an organization is to make the transition from an entrepreneurship to a professionally managed organization.	Did not complete the assignment or did not discuss the keys to success in developing a Stage III organization or did not include a critical challenge that must be met if an organization is to make the transition from an entrepreneurship to a professionally managed organization; omitted key information or included significant amounts of irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic.	Partially discussed the keys to success in developing a Stage III organization and a critical challenge that must be met if an organization is to make the transition from an entrepreneurship to a professionally managed organization; omitted some information or included some irrelevant information. Completed with less than 60-79% accuracy, thoroughness, and logic.	Sufficiently discussed the keys to success in developing a Stage III organization and a critical challenge that must be met if an organization is to make the transition from an entrepreneurship to a professionally managed organization. Completed with 80-89% accuracy, thoroughness, and logic.	Fully discussed the keys to success in developing a Stage III organization and a critical challenge that must be met if an organization is to make the transition from an entrepreneurship to a professionally managed organization. Completed with 90-100% accuracy, thoroughness, and logic.
5. Clarity	Did not complete the assignment or explanations are unclear and not organized. (Major issues)	Explanations generally unclear and not well organized. (Many issues)	Explanations generally clear and/or organized. (Minor issues)	Explanations very clear and well organized. (Added helpful details)
6. Writing – Grammar, sentence structure, paragraph structure, spelling, punctuation, APA usage.	Did not complete the assignment or had 8 or more different errors in grammar, sentence structure, paragraph structure, spelling, punctuation, or APA usage. (Major issues)	Had 6–7 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation, or APA usage. (Many issues)	Had 4–5 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation, or APA usage. (Minor issues)	Had 0–3 different errors in grammar, sentence structure, paragraph structure, spelling, punctuation, or APA usage.