BUS 521 Assignment 3: Business Plan Part III – Business Initiative and Technology Paper

May 27th, 2016
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BUS 521 Assignment 3: Business Plan Part III – Business Initiative and Technology Paper Due Week 9 and worth 160 points Note: Refer to scenarios and reading assignments from previous weeks to complete this assignment. In Part III of your business plan, you will consider how your new business initiative will affect operations in your company. You will also evaluate different technologies and introduce the type of technology that will help you make a more efficient and high quality product or service. Write a four to five (4-5) page paper in which you: 1. Analyze the options available for producing the product or service. Next, evaluate which of the available options you can take to streamline operations. 2. Determine how the product or service will meet consumer needs. 3. Assess at least three (3) types of technologies that will improve the quality of the product or service. Explain how the technologies will help enhance capabilities and customer loyalty. 4. Identify at least two (2)

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Running Head: Business Initiative and TechnologyTitle:Course Name:Topic Name:Instructor Name:Student Name:Date:Running Head: Business Initiative and TechnologyIntroductionA business initiative is an organization's manner of setting a priority. Generally it is a portrayalof the direction the organization needs to take and how that will develop the organization.Business initiative may be a part of the organization's future vision (Kaibori Sh, 2001). Anorganization might use a business initiative to illustrate its strategic vision to its shareholder.Now in present time all over the world technological factors affecting businesses insist achanging behavior regarding traditional marketing. In todays business rapid development oftechnology need quick response by businesses in order continue in a rising competitiveenvironment and continue with innovative services and new trends which other businesscompetitors might be present (Kaibori Sh, 2001). These particular technological factors canincorporate both business products and processes and can present great opportunities and risksbut it is most important for successful driver and competitive advantage in globalization.Analyze the options available for producing the product or service and evaluate which ofthe options you can take to streamline operationsEach business organization has several options to care about when it comes to producing theirspecific service or product (Phillips R G, 2002). TalentSrch i

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