BUSU640 Week 5 Assignment 4
BUSU 640
Week 5/Assignment 4
Section 8
Operations Plan and Start-up Expenses
100 Points
Length: Up to 10 pages, double-spaced (Times New Roman, 12-point font with standard 1” margins).
Due: Sunday of Week 5 by 11:59pm. Be sure to run your draft past your writing partner before submitting your work.
Addresses Learning Outcomes: 5
IMPORTANT NOTES:
- Apply what you learned in your MBA program, specifically classes ACCU 602, BUSU 610, BUSU 630 and FINU 607.
- Cite your references. You may use your textbooks from these and other core classes in the MBA.
- Do not cut and paste from your past assignments and papers.
- Be sure to fully explain your illustrations. You do not want your reader to interpret the illustrations, you must control the message. Provide an in-depth explanation of any illustrations you embed in your paper.
- This section is interwoven with the Marketing and Management plans.
NOTES:
It is suggested that you use these (free!) templates for your financials: http://www.score.org/resources/business-planning-financial-statements-template-gallery
The spreadsheets and data can be developed in Excel, but they must be embedded into your Word document. If embedding the spreadsheets makes them illegible, please insert snapshot illustrations of the subject sections. Then, add the complete spreadsheet to the appendix of your final paper.
Section 8: Operations Plan
This section contains three separate sub-sections:
- Operations
- Start-up Expenses Report
- Six Steps for Data Driven Decision Making
1. Operations Sub-section:
This section includes operations for the product or service from the beginning to the end of the supply chain (cradle to cradle).
This section should include four or five graphs (usually for suppliers, service, and delivery procedures) that illustrate the process flow chart, SRM and transportation systems of your business.
The operations plan explains how goods and services flow through the organization. Examples may be cited from “best in class” operations and supply chain processes found in very different industries, but the applications must be clear. Remember that there are always supplier considerations with both a product and a service.
Include the following, if applicable:
- Key suppliers and customers
- List of potential suppliers
- Production & service delivery procedures
- Supply Chain process flowchart (how goods & services will flow from the supplier all the way through the organization to the customer).
- Overall Supplier Relationship Management (SRM) to include all ethical considerations
- Supply Chain
- Logistics
- Packaging
- Transportation
- Physical Plant Layout
- Organizational chart for supply chain (if more than three people work in operations)
- DMAIC
- Ethical considerations
- Description of how the supply chain will be developed to create time to market, quality, innovation, or cost
2. Start-up Expenses Report Sub-section
Using the template from Score.org, include all of the expenses (marketing, management, operations) to start the business.
Explain and justify those expenses by researching and citing other similar organizations. If there is nothing similar then find something as close as possible and in the narrative for the justification for the expenses and cite. All expenses need to be cost-justified.
3. Six Steps of Economic Decision Making Sub-section
Apply the 6 Steps of Economic Decision making to your business. All of the six steps must be directly applied to the innovation of your product/service with critical thinking elements.
Rubric
|
Criteria |
Exemplary |
Proficient |
Developing |
Emerging |
|
Operations and Start-up Expenses |
40 The Operations Plan is clear, data driven, creative and interesting. There is strong evidence and detail that connects the start- up expenses to the management, operations and marketing portions of this business plan. All of the services that are to be offered, how much it will cost is clearly explained with research, analysis and financial rationale. The paper is data driven and feasible. There is a clear, easy to understand flow to the work. This assignment builds on Assignment 1, 2 and 3. |
32 The Operations Plan is clear, data driven and interesting. There is evidence and detail that connects the start-up expenses to the management, operations and marketing portions of this business plan. All of the costs for everything offered, are clearly stated and the financial rationale is data driven and feasible. There is a clear, easy to understand flow to the work. This assignment builds on Assignment 1, 2 and 3. |
28 The Operations Plan is somewhat clear and there is data driven evidence of how the product/service will be designed, created and get to market. There is evidence and some detail that connects the start-up expenses to the management, operations and marketing portions of this business plan. All of the costs that are to be offered, and how capital will be realized for starting this business are somewhat stated and the financial rationale is data driven and feasible. There is a clear, easy to understand flow to the work. This assignment builds on Assignment 1, 2 and 3. |
24 The Operations plan is not clear, incomplete and shows very little data or citation. There is little evidence of what the start- up expenses will be. There is a lack of clarity about the viability of the new venture and how the operations plan will serve the mission and vision or the consumer. The paper is full of opinion and could have been written before taking the core classes in the MBA. |
|
Application (Theory to Practice) (20% of total) |
30 The Six Steps of Economic Decision Making is clearly and creatively applied to the business plan. There are citations from the following text books in the paper: ACCU 602, BUSU 610, BUSU 630, and FINU 607 classes. The concepts in the textbook and other graduate sources are clearly applied to the innovation using creative and interesting writing. |
24 There are citations from the following text books in the paper: ACCU 602, BUSU 610, BUSU 630, and FINU 607 classes The concepts in the textbook and other graduate sources are clearly applied to the innovation. |
21 There are citations from the following text books in the paper: ACCU 602, BUSU 610, BUSU 630, and FINU 607 classes, but they are used as glossary terms rather than application. This means that concepts (like capitalization) are described using the textbook, but not applied. |
18 There is little evidence that research was performed. There is a lack of clarity about how key concepts from core classes are applied. The paper is full of opinion and could have been written before taking the core classes in the MBA. |
|
Critical Analysis & Six Steps of Economic Decision Making (20% of total) |
10 The Six Steps of Economic Decision Making are clearly and creatively applied with citations. applied Consistently employs critical analysis in discussing the issue(s). Effectively synthesizes and integrates data to the paper. |
8 The Six Steps of Economic Decision Making are clearly applied. Fairly consistently employs critical analysis in discussing the issue(s). Fairly effectively integrates data to the paper. Cites all work. |
7 The Six Steps of Economic Decision Making are somewhat applied. Somewhat employs critical analysis in discussing the issue(s). . Somewhat uses data to write the paper. Mostly cites work. |
6 The Six Steps of Economic Decision making are defined which is not graduate level work. Limited if any critical analysis in discussing the issue(s). Limited if any use data and citations. |
|
APA and Sources (10% of total) |
10 Uses at least ten sources scholarly sources including the text books. Accurately adhere to APA standards; reference page and citations are correct. All sources listed in References are cited in paper |
8 Uses at least eight scholarly sources. Adheres to APA standards; reference page and citations are correct with minor (1-3) errors. All sources listed in References are cited in paper |
7 Uses at least six scholarly sources. APA standards are somewhat followed; the work of others is cited but with numerous (4–7) errors. Sources listed in References and citations may not match |
6 Uses less than five scholarly sources. Limited adherence to APA standards in the paper and Reference page; work of others may be cited but with multiple (8+) errors. Sources listed in References and citations do not match |
|
Writing Mechanics (15% of total) |
10 The paper is logical and well-written; spelling, grammar and punctuation are accurate. Paper is the required length of content, and includes correctly prepared title page. |
8 The paper is logical and well-written but with minor (1 – 3) errors in spelling, grammar and/or punctuation. The content may be 5% too long or short; includes a correctly prepared title page. |
7 The paper is somewhat logical and well-written but with several (4–7) errors in spelling, grammar and/or punctuation. The content may be 10% too long or short, and may not include a correctly prepared title page |
6 The paper lacks clarity and may be confusing with numerous (8+) errors in spelling, grammar and/or punctuation. The content may be 15% too long or short, and may not include a title page |
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Rating:
/5
Solution: BUSU640 Week 5 Assignment 4