Assignment Task:
Task To complete an individual written Business Report for your own unique start-up business – due in two parts: Part A and Part B.
Aim of the assessment The aim of this assignment is to provide students with an enhanced capability to analyse the impacts of the global business environment on the development and implementation of strategy by a small or medium size business. It aims to develop the capabilities necessary for those small to medium business organisations to successfully compete in the contemporary business environment.
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Get Help Now!Learning outcomes covered in this assignment
1. Identify and evaluate the key characteristics of the contemporary business environment
2. Analyse the impact of management philosophies and processes within the context of contemporary conditions in the international business environment
3. Construct a range of possible scenarios for the international business environment that facilitates the identification and evaluation of future opportunities
4. Undertake an internal analysis to evaluate the relevance and applicability of previously identified opportunities for a specific business or industry
5. Develop a draft business philosophy for specific business operation and translate that philosophy into a set of achievable objectives
6. Develop a proposed project plan to enable achievement of objectives
Questions
Part A:
Report A Layout
? Unitec Cover page (signed)
? Your own Title Page (record the total word count on it)
? Table of Contents
? Introduction
? Body of the Report
? Conclusion and Recommendations
? Appendices (not included in the word count)
? References
1. Introduction:
Discuss the background of your start up business, and identify the report’s main aims and objectives. Also describe the way in which the remainder of the report is structured.
2. Strategic Foundations:
2.1 Identify the key values of the businesses’ planned strategic direction first and then identify the key elements that have driven the establishment of this business (You may use bullet points). 2.2 Develop a formal vision and mission statement for your business that will guide the remainder of the report (Do research citing references).
2.3 Identify and explain the forecasting of the profitability of your business (you may use a table and suggest including an NPV (net present value).
2.4 Identify and explain the structure of your business (you may use bullet points and or diagrams).
2.5 Appropriately justify WHY you chose the key elements in 2.1 above.
3. Environmental Scan:
3.1 Describe two external environmental scans that are appropriate and relevant to the strategic outcomes you have identified as desirable.
3.2 Undertake macro analysis (PESTLE) with reference to all of the relevant forces in New
Zealand’s society as well as globally (e.g. a coronavirus pandemic) that will impact on the future development of your business.
3.3 Undertake micro analysis (Porters 5 Forces) with reference to all of the relevant forces within the subject business’ environment that will influence the future development of the business.
4. Strategy Development Processes:
4.1 Explain what you understand about the strategy development process
4.2 Explain clearly the processes that you would follow (e.g. SWOT analysis of your environmental scan) in developing the business’s local strategy.
5. Key Strategic Issues:
5.1 Explain what you understand about the Key Strategic Issues
5.2 Evaluate the outcomes of your SWOT analysis in order to identify and describe what you believe to be the critical strategic issues that will require attention if your business is to be successful. In other words, what are the areas of business development in which exemplary performance is absolutely essential to optimise the prospects of success for your business? Part B:
Report B Layout
? Front page (signed by the student),
? Your Title Page (record the total word count on it),
? Executive Summary (that covers Part A and Part B),
? Introduction,
? Body of the Report,
? Conclusion and Recommendations (referring to Part A but emphasising Part B)
? Appendices (not included in the word count)
? References
Note that the Part B Executive Summary is a one-page summary of the principal findings of both Parts A and Part B combined, but with the emphasis on Part B. The Executive Summary is used to assist the reader in judging the relevance of the entire business. It should include all of the main points of interest – some bullet points may be used to emphasize key issues.
6. Resource Demands:
6.1 Identify the resources required to start up and run your business
6.2 Identify the range of capabilities, skills, talents, competencies, and other resources you will need locally and globally, for your business to perform effectively. Discuss these in each of the sub-categories below:
a) Human resources
b) Financial resources
c) Technological resources
d) Intangible resources, and;
e) Tangible resources.
7. Resource Availability:
7.1 Identify and describe the extent to which human, financial, technological, intangible, and tangible resources set out in 6.2 above, are currently available to your business and if not available explain how will they be obtained.
7.2 Appraise the strategic importance of the resources and capabilities you have identified above.
8. Business Goals:
8.1 Explain your business goals
8.2 Describe your approach to resolving each of the strategic issues identified in terms of your goals given your proposed strategy implementation process.
9. Key Tasks:
9.1 Use a series of bullet point statements to reflect the key tasks that need to be undertaken (and by whom) in order to achieve each goal outlined in 8.1. 9.2 How will you bridge the gap between where your business currently is and where you want it to be in 5 years – referring to the objectives?
10. Risk Analysis:
10.1 Explain what you understand about risk analysis
10.2 Present an objective analysis of the likelihood and severity of risks associated with pursuing your goals and objectives in 8. (You may use a table).
11. Monitoring and Evaluation:
11.1 Explain the difference between monitoring and evaluation
11.2 Describe the systems and processes you will put in place to ensure that your business’ activities and their outcomes are appropriately monitored and measured. (You may use a table and or bullet points)
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