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Assignment 3: Operation, Technology, and Management Plan (with Financials)

Assignment 3: Operation, Technology, and Management Plan (with Financials)

Assignment 3: Operation, Technology, and Management Plan (with Financials)

Question Description

This assignment consists of two sections: the Word document and your business plan financials. Note: You must submit both sections as separate files for the completion of this assignment.

Use the NAB Company Portfolio (see Required Course Files in Week 1).

Write a 4-8-page paper in which you provide the following information below.

Operations Plan (1–2 pages)

Note:Remember to assign a dollar amount to each operational cost you find,as you will need these figures for your income statement and cash flowin Week 8.

  1. Create an operations plan for your NAB company using the template in the text as a guide (p. 214 | Operations Plan Preparation Form).Extract appropriate information from the NAB Company Portfolio, whereapplicable. Other required items in the template should be filled inusing your personal preferences.
        • Note: Most of the research pertaining to the hints provided here can be found in the NAB company portfolio.
        • Hints: Consider whether you will rent or buy your facilities or outsource production to an existing company.
        • Hints:One of your biggest expenses as a startup non-alcoholic beveragecompany will be transitioning from a small-batch prototype of yourbeverage to production on a large scale. Research the equipment you willneed (vats, refrigerators, burners, ovens, bottling equipment, and soon), whether you will rent or buy, how you will maintain and clean theequipment, and so forth. Consider how you will ensure quality control.What capacity do you intend to reach?
        • Hints:Deliberate your inventory control. Where do your supplies come from andwhat is your turnaround time to produce your beverage once you havereceived an order?
        • Hints: Consider your distribution method. Refer back to your notes for the SWOT analysis assignment in Week 2 of the class.
        • Hints:How will you stay abreast of new developments in your industry? Whatnew products do you have in development now, in addition to yourflagship product?
  2. Describe your research and development activities and explain how they will contribute to the company.

Technology Plan (1–2 pages)

3. Create a technology plan for your NAB company using the template in the text as a guide (p. 227 | Technology Plan Preparation Form).Extract appropriate information from the NAB Company Portfolio, whereapplicable. Other required items in the template should be filled inusing your personal preferences.

        • Hints:Consider the type of technology your company will use to conduct thefollowing activities: managing personnel; taking, fulfilling, andtracking orders; managing inventory; communicating with customers andproviding customer service; and producing your beverage.

Management and Organization (1–2 pages)

  1. Create a management plan for your NAB company using the template in the text as a guide (p. 248 | Management Plan Preparation Form).Extract appropriate information from the NAB Company Portfolio, whereapplicable. Other required items in the template should be filled inusing your personal preferences.
  2. Using the flow charts on page 242 as a guide, outline your company’s management hierarchy. Note: Charts or diagrams must be imported/included in the MS Word document.

Create an ethics and social responsibility plan (1-2 pages)

  1. Describe the ways in which your company is committed to being a good corporate citizen.
    • Hints: Consider the following areas:
      • Creating jobs
      • Following the laws of every jurisdiction in which your company operates
      • Fair and honest treatment of employees
      • Non-discrimination of employees and increasing diversity of your work force
  • Hints:If your company is designed as a social venture—in which you have aprimary purpose of achieving a social or environmental goal—describewhat that goal is and what aspects of your company are designed to reachthat goal. Provide a rationale for why you have or have not chosen thisto be a social venture.

2. Discuss how your company’s activities will affect theenvironment and identify the steps you will take to mitigate anynegative impacts.

        • Hints:As a beverage company, consider such issues as your choice ofpackaging, disposal of bottles/packages by consumers, and your use ofresources, such as water in areas where water may be scarce.

3. Determine any health issues/claims related to the product youare making, whether negative or positive. Suggest the strategy yourcompany will use to mitigate any negative issues and to ensure any positive claims are true.

Section 2: Business Plan Financials (MS Excel worksheets bundled with course textbook) (Already 90% completed)

Foryear one, submit the entire completed “Business Plan Financials” Exceldocument based on feedback from week 7 discussion and information fromyour business plan.

Format your assignment according to these formatting requirements:

  1. Cite the resources you have used to complete this exercise. Note: There is no minimum requirement for the number of resources used in the exercise.
  2. Thepaper must be typed, double-spaced, using Times New Roman font (size12), with 1-inch margins on all sides; references must follow APAformat. Check with your professor for any additional instructions.
  3. Includea cover page containing the title of the assignment, the student’sname, the professor’s name, the course title, and the date. The coverpage and the reference page are not included in the required pagelength.

The specific course learning outcome associated with this assignment is:

  • Create operations, technology, and management plans for a company.

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