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RUNNING HEAD: UNIT 1IP ENTR 630
Unit 1IP-Building Yourself into Your Plan
Entrepernuial Business Planning Capstone (ENTR 630 1703A 01)
By Adriane Shackleford
Instructor Dr. Myles E. Mangram
July 12, 2017
Management forms an important part of the effective development of any given
business, and thus there is significant need to ensure that the management selected is very
competent and understand the various aspects involved in a given industry in which the
business venture has been effectively developed. Therefore, to ensure better management,
there is need to integrate skills and experience to find the best blend of management,
which can help in steering the company forward with much ease. Their experience
considered in this case should incorporate specific experience within the industry, and
thus it will be focused upon in developing long-term development strategies that will help
in streamlining the organizational wellbeing. Therefore, there is need to delegate duties
within the business management to ensure that every department is effectively managed
to ensure that there is a better coordination of operations within the business
environment.
Therefore, as a major partner in the venture, I will assume the responsibilities of
the company president who will be pulling all the strings to ensure that there are better
operations and development within the organizational environment. The overall
understanding of the underlying issues within an organizational environment provides a
better environment where a better understanding of the underlying organizational issues
can be effectively and successfully considered. Therefore, as the president of the
business, I will have an integral responsibility of overseeing the development and
decision-making. Decision making forms an important part of the organization since
making informed decisions places the business on a better path to success. Therefore, I
will ensure that the decision that is made conform to the industry standards as well as
ensuring that they are of quality to create a better working environment for junior
employees.
There are two co-partners in this venture, and thus all of them will play a
significant role in the business management by occupying key positions to ensure that
they can monitor and have a better understanding of the critical elements that are in place.
Therefore, they will occupy the position of Chief Finance Officer and Head of
Operations. Chief finance officer will keep track on the financial position of the company
and will be tasked with ensuring that the business operates effectively and efficiently
based on financial aspect. The Head of Operations will monitor the working environment
of junior employees and help in day-to-day operations within the organization to have a
better understanding of the needs of the company.
The company will also employ an information technology expert who will be
specifically tasked with improving the business e-business engagement through effective
e-commerce techniques. It is important to understand that the business environment is
significantly shifting and thus technological innovation are taking over. Therefore, having
an effective technology and information department will be crucial in ensuring that the
business is a leader in the industry.
The production manager is another position that will be filled by highly
experienced employees who manage the overall production and service delivery within
the company. Production manager will ensure that the business is well engaged in
through continuous supply as well as maintaining the business inventory.
The marketing manager will also provide a better understanding of the
organizational development within the market and industry at large since the manager
will be more involved with customers and target market in ensuring that they provide a
significant report regarding organizational development and customer preferences to
ensure that business is offering products that are customer based.
The sales manager will also offer a key departmental head who will monitor the
overall performance of the company regarding sales. They will be tasked with working
effectively in ensuring that order is delivered on time to improve the overall business
rating among customers.
The organizational chart
The President
Chief Finance
Officer
IT Manager
Head of operations
Production
Manager
Marketing
Manager
Sales Manager
References
Kayseas, B., Foley, D., & Wuttunee, W. (2014). Journal of Small Business & Entrepreneurship
Special Issue–The Natural Resource Sector, Partnerships and Indigenous
Entrepreneurship. Journal of Small Business & Entrepreneurship Special Issue–The
Natural Resource Sector.
Quttainah, M. A., Paczkowski, W., & Muhammad, A. (2014). Linking Business Owners’ Choice
of Organizational Form to Appraisers’ Determination of Value: An Agency Theory
Perspective. Journal of Management, 2(4), 77-96.
Unit 1DB2- Building Yourself into Your Plan
Entrepreneurial Business Planning Capstone (ENTR-630-1703A-01)
By Adriane Shackleford
Instructor Dr. Myles E. Mangram
July 11, 2017
Development of a business plan forms an integral part of any organizational environment,
and thus there is significant need to ensure that it is effectively developed to reflect the
organizational needs and considerations. The overall understanding of a business plan, therefore,
forms the background on which an organization can be effectively and successfully developed
since it highlights all the critical aspects of a business venture and ensures that their better strategies
in place which will ensure that a given business can succeed within the targeted industry and the
target audience. Therefore, effective understanding and development of a business plan
significantly focus on the objectives that are outlined within a given business environment.
Objectives within organizational environment highlight what an organization wishes or seeks to
achieve in both short-term and long-term.
What sections of the plan are done or close to being done?
Therefore, in the development of a business plan, there are some elements, which needs to
be effectively considered to provide a better understanding of the key underlying issues within the
workplace environment. Thus in the development of my business plan, I have made significant
steps in creating a better and a well-engaged plan which highlights important aspects that the
business venture needs to effectively and successful consider to be very much successful. In the
development of my business plan for my venture, I have been able to highlight a gap in the market
effectively and thus I have effectively highlighted key guiding factors within the business venture.
I have already outlined the organizational objectives, which are based upon when developing key
organizational elements such as mission, vision and core values. These are key guiding principles
within the business venture since all the proceeding aspects will directly focus on advancing the
overall organizational wellbeing with a significant focus on these elements.
I have already developed the focus of the business by defining the products and services
that the business venture will be effectively engaged in. The development of the products and
services creates a better environment where various analysis can be conducted since it offers a
specific understanding of the existing aspects of the market and the industry at large since the
business is developed with a significant focus on the industry through consideration of the existing
loops.
Therefore, am still focused on effectively highlighting the various analysis to ensure that
the market environment is well structured in creating a better understanding of the key underlying
aspects. Therefore, Swot analysis, industry analysis, and environment analysis are some of the
important aspects of the business plan that I am still developing.
What sections of the plan require the most attention?
The goal setting and environment analysis form a crucial part of the business plan since
they provide significant information, which is dependent upon in ensuring that an organization is
functioning properly. The overall understanding of these considerations creates a very significant
and valid environment where better organizational development can focus on. Goal setting
provides the initial understanding of the business and what it hopes to achieve through direct
outlining of goals and objectives. Environmental analysis is also another important factor, which
focuses on internal and external factors, which influence business operations.
What should additional, unique sections you add to this plan?
I will add a section to the plan on how to effectively coordinate all the outlined factors
within the plan to be in a position to effectively develop a clear strategy that will be focused upon
in ensuring that the business functions in a more direct manner without further challenges. The
coordinating section will, therefore, highlight important factors where an employee will be
considered for a position, in this case, to ensure good coordination of organizational plan to be
successful.