BUS 521 Week 3 Assignment 1 – Strayer
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Assignment 1: Business Plan Part I – Business Vision
Due Week 3 and worth 180 points
Note: Refer to scenarios and reading assignments from previous weeks
to complete this assignment.
Imagine you are hired by a new start-up company. You are tasked to
recognize and explore a new business opportunity of creating a new product or
service for your company. As part of your new business vision, you will create
a business plan describing all keys elements of the business opportunity which
will ultimately be presented to an executive team in a venture capital group
for possible funding and execution.
Part I of the business plan will describe your business vision you
plan to undertake in your company.
Write a five to six (5-6) page in which you:
- Compile a business vision
about the type of product or service you think your company needs to
develop. Next, describe the business values and corporate values that you
want to create.
- Determine the need for the
new product or service. Next, provide an overview of the market you intend
to enter, and defend why this market is ripe for the introduction of this
product or service at this particular time.
- Determine the type of
business model you will use for your new business opportunity. Support
your response.
- Formulate a feasibility
analysis, and determine whether the new product or service is feasible.
Identify the roadblocks that you will likely face.
- Evaluate the data from
your analysis, considering the source and time period. Justify the future
financial condition of your company.
- Use at least three (3)
quality resources in this assignment. Note: Wikipedia and
similar Websites do not qualify as quality resources.
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