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Journal

You will earn 5 points for completing this activity to prepare for the Unit 10 Assignment.

Journals are used to keep track of thoughts, ideas, and occurrences.  For all journals, you will post your response to a textbox that is private and only shared with your instructor.

Topic: Your Work Values

Evaluate the “Work Values” criteria on the  O*NET website and self-actualize your own professional work values. Based on the results of your evaluation of each of the work values, write a 250-word short essay explaining your work values in relation to your career plans. Give examples of experiences you have in practicing each of the work values. Determine your strengths and weaknesses in relation to each of the work values. Determine how you will maintain your strengths and how you will improve your weaknesses.

Enter your journal submission in the textbox area of the journal Dropbox. Upon completion of this journal textbox posting, you will earn 5 points in the Gradebook.

Reference

U.S. Department of Labor. (2020, August 18). O*NET:  Work values. https://www.onetonline.org/find/descriptor/browse/Work_Values/

DB 7

Finance Strategies

Because you are general business experts, your operations and finance strategies must be thorough and detailed. It is up to your virtual team to determine how to present the information needed in your operations and finance strategies. Be sure to consider the managerial controls and processes that will ensure checks and balances are in place to protect the interests of the investors.

These are important factors to consider as you conduct your research:

· A group of angel investors owns 40% of the virtual business.

· Each virtual team member was selected to start and operate this virtual business.

· The angel investors hold three out of five permanent seats on the board of directors of your virtual business.

· The angel investors will provide $100,000 to fund the virtual business.

· It is the job of the virtual team to convince the angel investors that you deserve funding for your new virtual business venture.

In this  graded  discussion, your virtual team will contemplate the operations and finance strategies of your virtual business. To continue developing the strategic business plan, each virtual team member should contribute to this discussion by addressing the following discussion topics:

· What are the components of an operations strategy in a strategic business plan?

· Discuss the conceptual framework of a service blueprint and explain its importance in the strategic business planning process.

· Explain the differences between a sales forecast and an operating budget.

· Compare and contrast the use of projected balance sheets, profit and loss, and cash flow statements in the strategic business planning process.

· Explain why financial projections in the strategic business planning process are so important to potential investors.

Journal

You will earn 5 points for completing this activity to prepare for the Unit 10 Assignment.

Journals are used to keep track of thoughts, ideas, and occurrences.  For all journals, you will post your response to a textbox that is private and only shared with your instructor.

Topic: Position Requirements

Visit the  O*NET website and navigate to the Occupation Handbook Crosswalk Search tool. Search the Occupation Handbook for a minimum of three occupation titles that interest you. Write a short essay comparing and contrasting the summary requirements for the three occupation titles you chose to research. Explain the intricacies of the knowledge, skills, and abilities each occupation title requires. Based on the facts you learned about yourself from executing the various assessments in prior units, determine if you are qualified for the positions you identified. Identify and explain each of your strengths or weaknesses in relation to the knowledge, skills, and abilities required for each of the occupation titles you chose.

Assignment

Based on your overall company strategy and product value propositions, craft an inspirational story that will connect potential clients with your virtual business.

Company: Nature’s Closet

Vision Statement: We are committed to promoting sustainable practices within the

outdoor industry. We actively seek suppliers and brands that prioritize

eco-friendly manufacturing processes and materials.

Mission Statement: We make quality clothes and equipment that we sell to active people anywhere, that adapt to the terrain and climate in a sustainable manner.