revision and final business plan

Business Plan Part 5: Revision and Final Business Plan

The purpose of this assignment is to build a comprehensive business plan for a strategic initiative.

Throughout Topics 4-7 various components of the business plan for your strategic initiative were created. Review the feedback you received from your instructor on the Business Plan Parts 1-4 assignments. Make necessary revisions to each part of the business plan and put each revised part of the plan together to create the final business plan for the proposed strategic initiative. Evidence of revision based upon instructor feedback will be assessed. Additionally, you will add a new section to the plan regarding strategic evaluation.

In a 1,500-2,000 word business plan that is clear and concise and utilizes business language and style, address the following using bullet points, narratives, and relevant visuals. 1500 to 2000 words in length (title and reference pages are not included in word count) (it is ok to go over).

The final plan should include the following components:

SWOT Analysis

Financial Analysis and Budget

Strategy

Implementation Schedule

Strategic Evaluation: Discuss specific tools to be used to monitor the implementation success of the initiative and explain why ongoing strategic evaluation and the willingness and ability to adjust strategy is necessary for successful implementation of the initiative.

While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center. 

This assignment uses a rubric. Review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.

Rubric grading criteria:

SWOT analysis, including strategic goals and identification of four strengths, weaknesses, opportunities, and threats supported by credible sources is exemplary.

Budget table, financial data overview, and supporting financial statement figure/appendix is thorough, accurate, and includes substantial supporting details and data.

Strategy, including history/rationale, market analysis, measurable goals, project structure, stakeholder analysis, communication plan, and leadership skills, is thorough and includes substantial explanation and relevant supporting details.

Implementation schedule, including action steps, resources and competencies, and action plan alignment to the organization’s strategic initiatives, is exemplary.

Discussion of tools that can be used to monitor the success of the implementation of the initiative and explanation of why ongoing strategy evaluation and willingness and ability to adjust strategy is necessary for successful initiative implementation is thorough and includes substantial relevant details.

Final draft shows evidence of revision of the content of Parts 1-4 of the business plan. Instructor feedback was fully implemented.

Thesis is comprehensive and contains the essence of the paper. Thesis statement makes the purpose of the paper clear.

Clear and convincing argument presents a persuasive claim in a distinctive and compelling manner. All sources are authoritative.

Writer is clearly in command of standard, written, academic English.

All format elements are correct.

Sources are completely and correctly documented, as appropriate to assignment and style, and format is free of error.

Our class is a Strategic Planning and Implementation in Health Care class so it is important to use facts and figures in your reasoning and justification of your assertions. I specialize in health care strategic planning so that may be a reason why I stress statistics and facts in studying health care systems. We want more than just opinions. It is important in writing college papers, to justify your comments and conclusions with concrete facts. I recommend that you include quantitative data concerning your written assignments. Just as facts and data are the foundation of a good health care quality control program, they should also be a part of your health care written assignments. This is essential for a critical thinking and substantive analysis. Indeed, in the study of health care, it is essential to analyze statistical data in your critical thinking study. Incorporating expert input into your assignments is very important to a quality, academic paper and this can be done through outside sources.

< Use headings for each section of your papers for the written assignments. The APA rule for this is to have the heading centered (not bold) and the first letter of each major word capitalized.

> Develop your critical thinking skills in your analysis in your paper. Critical thinking skills are extremely important in developing a successful career. Critical thinking is the intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by, observation, experience, reflection, reasoning, or communication, as a guide to belief and action (Defining Critical Thinking, 2015). Be sure to incorporate your critical thinking skills into your discussion questions, participation comments, and your written assignments. This is where outside sources and key statistics can be very helpful with your critical thinking skills in your class work.

References

Defining Critical Thinking. (2015, October 28). Retrieved from Criticalthinking.org: http://www.criticalthinking.org/pages/defining-critical-thinking/766

We have 2 discussion questions due this week. I look forward to interacting with you in our discussion forum. Thank you and have an amazing week. Let me know if you have any questions.

Here are the GCU participation and discussion question guidelines.

The grading rubric for this assignment is below.

The grading rubric for this assignment is below.

I cannot believe how quickly our class went by! It was great to work with you and to see how well you progressed through the class. You did it and brilliantly!

You balanced work, school, and family life and this can be a challenge at times. I can tell that you are a hard worker. It showed through your class work. We covered a lot of information in our seven-week class. A successful Oklahoman lawyer once told me "It's not always how much that you know but if you know where to find the information that makes a person successful." Be a good researcher in finding information and Internet can be very helpful. There were some great discussions in the class!

Be an expert at your trade and learn it well. Be a diligent, hard worker at your place of employment and at school. Try to always do the best you can and you should be successful in whatever you put your hands to.

I would like to suggest another piece of advice. Salaries and employment are also based on the economic laws of supply and demand. If the supply of available workers are low in your field of expertise, the salary will be high. If you have education, certifications, or licenses, it seems to help you move up into the next level of professional jobs with better salaries. Some examples are master’s degree, PHD, pharmacist, JD, MD, RD, RN, CPA. Scan the employment ads of the newspaper and Internet to see what jobs are in demand in your area and requirements and salaries. CareerBuilders.com and Beyond.com are very good to job search websites. Good jobs are competitive, so work hard to maintain good grades and work in a field that you enjoy. Also, experience is also very important so consider that if you are offered a job that offers a lower salary but good training and experience.

Here is some advice that I like to give to my junior college students who are just starting their careers after high school. Find out what you are good at and then find a way to make money doing it. Everyone has a unique and special gift.

Well, thank you for your contributions and efforts put forth in the class. Best of wishes and continued success with your work and with the Grand Canyon University. Thank you for choosing Grand Canyon University to earn your degree. We will try our best to continue to give you a quality education.

Professor Steve

References

The 20 Best Job Search Web Sites. Retrieved from http://www.pcmag.com/article2/0,2817,2342781,00.asp

3 John 2 Beloved, I wish above all things that thou mayst prosper and be in good health, even as thy soul prospereth.

Thank you and let me know if you have any questions.

Instructor Steve