Final Paper Abby

Good effort! You described the operations plan for your business addressing most of the required areas. Be very specific as you discuss each of these areas and include any applicable costs: facilities, how your business will operate, inventory, research and development and an overview of the personnel working in operations. Clarity in operation will lead to success in business. A manager must understand how a business operates step-by-step so that decisions can be made. Each step must be carefully evaluated as improvements and flow should always be the goal. Improvements in this area can lead to cost reductions and increased profit margins. Ensure these costs are reflected in the Excel document. Be sure to revise for the final version of the business plan in Assignment 4.

Great work! Your technology plan is clearly explained and you also included the dollar amount for each technology cost you identified. Investors want to see that you understand the nature and scope of your technology needs and that you have planned adequately to address these needs. These costs will be reflected in the Excel document as you continue to adjust your financials.

Great work discussing the management plan and explaining the role of each individual. People are key to the success of every business. Investors may make their investment decisions based on the strengths of the people involved in a business. Experience, skills, and personalities of the people in an organization influence the success of that organization. Developing a strong management is key and the management style is also important for the overall organizational climate and success. Excellent work outlining the management hierarchy. Clarity of roles and responsibilities is very important in all companies. More companies use the horizontal management structures rather than the traditional top-down lines of authority. In these types of organizations, employees are empowered to make decisions on their own, there are fewer management levels, and decisions are made faster, making the organization more agile and responsive to the needs of the customers or production team.

Good work overall with your social responsibility plan. To make your answer more robust, be sure to provide examples of strategies you will use in the interactions with all the stakeholders. Consumers respect and stay loyal to companies that care about their communities and the environment. You discussed how the company's activities will affect the environment. Think of all aspects of your operations. To make your response more robust you want to provide more details in your plan to mitigate any negative impacts of your operations on the environment. Making your business environmentally friendly not only benefits the environment but can also save you money (recycling can reduce your costs), can be a competitive advantage (attracting customers who have the same interests and values), and improves sustainability (less dependent on natural resources).

Your submitted Excel document has some incomplete worksheets and some worksheets that were not revised. Check the feedback provided in week 7 discussion and make sure all the changes are made as well as reflect all the changes from Assignment 3 in the Excel. The Financials should be aligned with the information you have in the business plan and follow the guidelines provided. You must understand the numbers and the financial statements to be able to assess the current situation at your company so that you can make appropriate decisions.