University of Phoenix Business Performance Evaluation Paper

User Generated

GreelNhthfg

Business Finance

University of Phoenix

Description

Looking back on your work in Wks 1-5, consider the effectiveness of your proposed Business Plan. As a forward thinker, reflect on all components of your recommendations and construct a performance evaluation.

Construct a Performance Evaluation as a 525- to 700-word document. Include references from the textbook or peer-reviewed sources, and include the following:

  • A Financial Evaluation: Propose how you will use financial performance (via financial statements) to measure the effectiveness of your implemented solution. Include additional measurable analytics, as needed.
  • Succession Planning: Determine how you will select relevant candidates and formulate an organizational chart to support your business plans.
  • A Contingency Plan: Propose a contingency plan to safeguard against unforeseen sustainability threats to your Business Plan.
  • Recommend how you will evaluate the continuity of your proposed strategies in your contingency plan.

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Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.

Performance Evaluation
I.

Financial Evaluation

Balance Sheet, Income statement, Cash flow Statement, and annual report statements will be
used to evaluate the financial performance of the business plan.
II.

Succession Planning

To select relevant candidates the first step will be identifying the most critical roles in the
business and building success profiles for each role identified.
III.

Contingency Plan

Network failures are most seen in online business and therefore the contingency plan for this will
be for the business to have two separate network providers where in case one fails the other
secondary network can be used.
IV.

Recommendations

To evaluate the continuity of the proposed strategies in the contingency plan, business operations
procedures with different numbers of workers will be developed.


Running head: PERFORMANCE EVALUATION

Performance Evaluation
Student Name
Institution Affiliation

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PERFORMANCE EVALUATION

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Anonymous
I was struggling with this subject, and this helped me a ton!

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