STR 581 week 5 Assignment

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Business Finance

Description

About Your Signature Assignment

This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments may be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements.

Write a 1,400-word minimum strategic implementation plan in which you include the following:

  • Create an implementation plan including:
    • Objectives
    • Functional tactics
    • Action items
    • Milestones and deadlines
    • Tasks and task ownership
    • Resource allocation
  • Recommend any organizational change management strategies that may enhance successful implementation.
  • Develop key success factors, budget, and forecasted financials, including a break-even chart.
  • Create a risk management plan including contingency plans for the identified risks.

Format your paper according to APA guidelines.

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Explanation & Answer

Attached please review..let me know if you have any question.

Running Head: IMPLEMENTATION PLAN

1

Implementation plan for proposed “Gateway Fast Foods”
Student Name
Professor Name
Course
Date

IMPLEMENTATION PLAN
Gateway Fast Foods is a proposed restaurant in the food industry. The company will seek to
provide fast food products such as fish and pizza among others. Implementation plan of the
company will involve strategies to venture into the business. These strategies will include
understanding the market diversity, creating objectives, goals, and mission of the business,
resource allocation, milestones & deadlines, tasks & task ownership and management strategies
among others.
Objectives
The project of setting up Gateway Fast Foods will have the following objectives.
1. Provide customers with satisfaction by providing quality products and services.
2. Enhance customer loyalty and customer trust through strategies such as effective
customer services as well as customer focus.
3. Fill the market niche of convenience and customer satisfaction in the food industry.
Functional tactics
The implementation of the project will involve incorporation of various functional tactics. First
of all, functional tactics are strategies that will enhance easy operations of the Gateway
Company. They represent key activities that will be undertaken in each of the functional
department of the organization (Tjosvold & Tjosvold, 2015). Ideally, Gateway Company will
involve various functional areas including human resource department, marketing, research and
development, finance department, production department among others. Each of the department
will use unique tactics in order to achieve overall company growth.
In the finance department, tactics such as the use of modern accounting technologies such as
accounting information systems and QuickBooks will be paramount for effective finance
management. Expenses and revenues will be recorded in real time by professional accountants.

2

IMPLEMENTATION PLAN
There will be frequent auditing of the finance expenditure as well as ascertaining the financial
capability of the company. Financial statements including balance sheets and income statemen...


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