First Name Last Name

Strayer University

BUS 599: Strategic Management

Professor

April 10, 2023

Delete the instructions in red before submitting the assignment!

Due: Week 8, worth 125 points

Length: The assignment should be 4 to 8 pages, excluding title page and reference page

Important:

· Review the description of this assignment under week 8 and use the tips provided along with this template to help you in your writing.

· Be sure to review the guidelines provided: For-Profit Startup Company Guidelines

· Use the textbook and review the recommended pages. Note that your textbook has sample plans at the end of each paper.

· Review the grading rubric before writing. Know what you are graded for. Always look at the “exemplary” section.

Notes:

· Leave the text in black as it is. You are required to have a heading for each of the sections in your paper.

· Use SWS format. You will respond to each question using indented paragraphs. The preferred font is Times New Roman, size 12.

· The references must be on a separate page at the end of the paper.

· Check your paper for grammar, spelling, and organization in Grammarly before submitting it. You should have 100% original content.

· Check your paper in Turnitin Draft (Canvas class) for plagiarism.

Operations, Technology, and Management, and Social Responsibility Plan

Operations Plan

· Remember to assign a dollar amount to each operational cost you find, as you will need these figures for the financials document.

· Follow the guidelines provided in the For-Profit Startup Company Guidelines

· Check out Chapter 11- Operations

· You have addressed operations in week 5 discussion. Be sure to check the feedback provided by the instructor and make changes as needed. Check the suggestions made by other students as well.

Facilities

· Describe the facility, including its location.

· Specify whether it is rented or owned; include any associated costs.

· Estimate the cost of utilities, such as water/sewer, gas, electricity, and trash removal.

Production Process/ Description of Operations (if service company)

· Describe how your business will function to make the product or deliver the service.

· Identify the equipment needed to run your business (machine, refrigerators, vehicles, furniture, etc.) including the cost of each major item.

· Explain your approach to quality control.

· Discuss your approach to inventory (as applicable).

Personnel Needs in Operations

· Specify the number of employees you plan to have, including managers.

· Identify their roles, wages, and/or salary.

Technology Plan

· Remember to assign a dollar amount for each cost, as applicable.

· Check out Chapter 12- Technology Plan

· Consider the type of technology your selected company will use to conduct activities such as managing personnel, taking, fulfilling, and tracking orders, managing inventory, communicating with customers and providing customer service, producing your product or providing your service.

Software needs

· List and briefly describe the software you think you will need and approximate cost. Examples: graphic software, customer relationship management, accounting, inventory, office, etc.

Hardware Needs

· List and briefly describe the hardware you think you will need and the approximate cost. Examples: computers, monitors, servers, routers, tablets, etc.

Telecommunication Needs

· List and briefly describe the telecommunication equipment, etc. you think you will need and the approximate cost. Examples: phone, internet, fax, etc.

Management and Organization Plan

· Remember to include the salary costs associated with the management personnel you plan to hire.

· Check out Chapter 13- Management and Organization

· You will create a management and organizational plan for your selected company, expanding on the topics below.

Key Management Employees

· List key management team members and provide a brief description of each person’s background (experience, skills, certifications, etc.) and job responsibilities. Includes the salary.

· Justify your selections. Explain how each manager can make a difference in your business.

Management Hierarchy

· Using the flow charts on p. 248 as a guide, outline your company’s management hierarchy.

· You must include a chart or diagram in this section!! In Word, click on Insert option top of the document/ then Smart art/ then Organizational hierarchy to create your figure.

Social Responsibility Plan

· Check out Chapter 14- Social Responsibility and Sustainability

· You have addressed this topic in week 6 discussion. Be sure to check the feedback provided by the and make appropriate changes. Check the suggestions made by other students as well.

· Create a social responsibility plan for your selected company, expanding on each of the topics below:

Impact on Stakeholders

· Describe the ways in which your company will impact each of the stakeholders:

employees, customers, suppliers, and the community.

Employees

Customers

Suppliers

Community

· Consider the benefits you plan to offer to your employees(healthcare, flexible hours, opportunities for development), support to your community (sponsored events, classes, charities, etc.), suppliers (fair prices, support, loyalty) and customers (how do you plan to interact with them, consider your core values; offer quality products, etc.)

Environmental Impact

· Explain your approach to minimizing your company’s impact on the environment, considering all aspects of your operations.

· For example, your company might develop a process to minimize waste or reduce energy usage, such as using recycled materials in its production process.

Sources

· Cite all your sources (in-text citations and references).

· Use SWS to format all the references.

· Wikipedia and other similar websites (blogs, opinions) do not quality as academic resources.

· You can use websites as long as the source is reliable (company websites, forbes.com, fda.com, census.com, etc.)

· For each reference you must have a corresponding in-text citation.

Below are examples of references (please delete and replace with yours).