Strategic Plan Part 1: New Product or Service, business and finance homework help

Anonymous
timer Asked: Mar 27th, 2017
account_balance_wallet $15

Question Description

the company im thinking is either fitness or a barber shop

Write a 1,200-word paper in which you explain the importance of innovation in your selected business's vision, mission, and values, and determine your business model for this new division. Include the following:

  • Propose a new product or service for a new Division of an EXISTING company. The division should be customer-focused with an innovative mission statement. Ensure that you are differentiating your product or service from anything else in the marketplace. There is no limit on what you can come up with. There are no technology, capital, or social barriers to entry. Your new product or service is only limited by your own imagination.
  • Create a mission statement for the new division.
  • Create a vision statement that clearly demonstrates what you want your business to become in the future.
  • Explain how the vision and mission of the new division align with the company's mission and vision.
  • Describe how the division addresses customer needs and achieves competitive advantage.
  • Define your guiding principles and values for your division in the context of culture, social responsibility, and ethics.

Citations: Include 2 citations from your course text.

Tutor Answer

Wilbet
School: Purdue University

Hello buddy, i have completed the paper, kindly let me know when you have further questions. Thank you.

RUNNING HEAD: STRATEGIC PLAN

1

Strategic Plan Part 1

Name
Institution
Instructor
Course
Date

RUNNING HEAD: STRATEGIC PLAN

2

Strategic Plan: New Service
In recent years, innovation has become vital skills for attaining excellence in developed
nations. The necessity for innovative problem solving has escalated as more management
challenges demand innovative understandings so as to arrive at effective solutions. Innovation
within an effectively managed organization is a tangible path for success. Innovation is important
for business’ vision, mission and values as well as the business model. In relation, this paper will
propose a new service for a new division in an existing company. Further, this paper will create a
mission statement for the new division. This paper will also create a vision statement that clearly
illustrates what I want the business to become in future. In addition, the paper will also discuss
how the vision and mission of the new division align with the company’s mission and vision.
This paper will further discuss how the division addresses customer needs and achieves
competitive advantage. This paper will also define the guiding principles and values for the new
division in the context of culture, social responsibility, and ethics (Rouse, 2010).
The new service that I have proposed for a new division within an existing company is
fitness services. The new division for the existing company would be a fitness Division for
McDonald’s. McDonald’s is an American hamburger and fast food restaurant chain founded in
1940 and headquartered in Oak Brook, Illinois. McDonald’s has enjoyed massive success over
the years through its innovative products and services and continued creativit...

flag Report DMCA
Review

Anonymous
Thanks, good work

Similar Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors