Assignment 3: Operation, Technology, and Management Plan (with Financials)
Due Week 8 and worth 100 points
This assignment consists of two sections: the Word document and your business plan financials. Note: You must submit both sections as separate files for the completion of this assignment.
Use the NAB Company Portfolio (see Required Course Files in Week 1).
Write a 4-8-page paper in which you provide the following information below.
Operations Plan (1–2 pages)
Note: Remember to assign a dollar amount to each operational cost you find, as you will need these figures for your income statement and cash flow in Week 8.
1. Create an operations plan for your NAB company using the template in the text as a guide (p. 214 | Operations Plan Preparation Form). Extract appropriate information from the NAB Company Portfolio, where applicable. Other required items in the template should be filled in using your personal preferences.
1.
1.
1. Note: Most of the research pertaining to the hints provided here can be found in the NAB company portfolio.
1. Hints: Consider whether you will rent or buy your facilities or outsource production to an existing company.
1. Hints: One of your biggest expenses as a startup non-alcoholic beverage company will be transitioning from a small-batch prototype of your beverage to production on a large scale. Research the equipment you will need (vats, refrigerators, burners, ovens, bottling equipment, and so on), whether you will rent or buy, how you will maintain and clean the equipment, and so forth. Consider how you will ensure quality control. What capacity do you intend to reach?
1. Hints: Deliberate your inventory control. Where do your supplies come from and what is your turnaround time to produce your beverage once you have received an order?
1. Hints: Consider your distribution method. Refer back to your notes for the SWOT analysis assignment in Week 2 of the class.
1. Hints: How will you stay abreast of new developments in your industry? What new products do you have in development now, in addition to your flagship product?
· Describe your research and development activities and explain how they will contribute to the company.
Technology Plan (1–2 pages)
3. Create a technology plan for your NAB company using the template in the text as a guide (p. 227 | Technology Plan Preparation Form). Extract appropriate information from the NAB Company Portfolio, where applicable. Other required items in the template should be filled in using your personal preferences.
·
·
·
1. Hints: Consider the type of technology your company will use to conduct the following activities: managing personnel; taking, fulfilling, and tracking orders; managing inventory; communicating with customers and providing customer service; and producing your beverage.
Management and Organization (1–2 pages)
4. Create a management plan for your NAB company using the template in the text as a guide (p. 248 | Management Plan Preparation Form). Extract appropriate information from the NAB Company Portfolio, where applicable. Other required items in the template should be filled in using your personal preferences.
5. Using the flow charts on page 242 as a guide, outline your company’s management hierarchy. Note: Charts or diagrams must be imported/included in the MS Word document.
Create an ethics and social responsibility plan (1-2 pages)
1. Describe the ways in which your company is committed to being a good corporate citizen.
. Hints: Consider the following areas:
1. Creating jobs
1. Following the laws of every jurisdiction in which your company operates
1. Fair and honest treatment of employees
1. Non-discrimination of employees and increasing diversity of your work force
· Hints: If your company is designed as a social venture—in which you have a primary purpose of achieving a social or environmental goal—describe what that goal is and what aspects of your company are designed to reach that goal. Provide a rationale for why you have or have not chosen this to be a social venture.
2. Discuss how your company’s activities will affect the environment and identify the steps you will take to mitigate any negative impacts.
·
·
·
1. Hints: As a beverage company, consider such issues as your choice of packaging, disposal of bottles/packages by consumers, and your use of resources, such as water in areas where water may be scarce.
3. Determine any health issues/claims related to the product you are making, whether negative or positive. Suggest the strategy your company will use to mitigate any negative issues and to ensure any positive claims are true.
Section 2: Business Plan Financials (MS Excel worksheets bundled with course textbook)
For year one, submit the entire completed “Business Plan Financials” Excel document based on feedback from week 7 discussion and information from your business plan.
Format your assignment according to these formatting requirements:
1. Cite the resources you have used to complete this exercise. Note: There is no minimum requirement for the number of resources used in the exercise.
2. The paper must be typed, double-spaced, using Times New Roman font (size 12), with 1-inch margins on all sides; references must follow APA format. Check with your professor for any additional instructions.
3. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcome associated with this assignment is:
· Create operations, technology, and management plans for a company.
Assignment
3:
Operation,
Technology,
and
Management
Plan
(with
Financials)
Due
Week
8
and
worth
10
0
points
This
assignment
consists
of
two
sections:
the
Word
document
and
your
business
plan
financials.
Note:
You
must
submit
both
sections
as
separate
files
for
the
completion
of
this
assignment.
Use
the
NAB
Company
Portfolio
(see
Required
Course
Files
in
Week
1).
Write
a
4
–
8
–
page
paper
in
which
you
provide
the
following
information
below.
Operations
Plan
(1
–
2
pages)
Note:
Remember
to
assign
a
dollar
amount
to
each
operational
cost
you
find,
as
you
will
need
these
figures
for
your
income
statement
and
cash
flow
in
Week
8.
1.
Create
an
operations
plan
for
your
NAB
company
using
the
template
in
the
text
as
a
guide
(p.
214
|
Operations
Plan
Preparation
Form
).
Extract
appropriate
information
from
the
NAB
Company
Portfolio,
where
applicable.
Other
required
items
in
the
template
should
be
filled
in
using
your
personal
preferences.
1.
1.
o
Note:
Most
of
the
research
pertaining
to
the
hints
provided
here
can
be
found
in
the
NAB
company
portfolio.
o
Hints:
Consider
whether
you
will
rent
or
buy
your
facilities
or
outsource
production
to
an
existing
company.
o
Hints:
One
of
your
biggest
expenses
as
a
startup
non
–
alcoholic
beverage
company
will
be
transitioning
from
a
small
–
batch
prototype
of
your
beverage
to
pro
duction
on
a
large
scale.
Research
the
equipment
you
will
need
(vats,
refrigerators,
burners,
ovens,
bottling
equipment,
and
so
on),
whether
you
will
rent
or
buy,
how
you
will
maintain
and
clean
the
equipment,
and
so
forth.
Consider
how
you
will
ensure
qua
lity
control.
What
capacity
do
you
intend
to
reach?
o
Hints:
Deliberate
your
inventory
control.
Where
do
your
supplies
come
from
and
what
is
your
turnaround
time
to
produce
your
beverage
once
you
have
received
an
order?
o
Hints:
Consider
your
distribution
meth
od.
Refer
back
to
your
notes
for
the
SWOT
analysis
assignment
in
Week
2
of
the
class.
o
Hints:
How
will
you
stay
abreast
of
new
developments
in
your
industry?
What
new
products
do
you
have
in
development
now,
in
addition
to
your
flagship
product?
2.
Describe
yo
ur
research
and
development
activities
and
explain
how
they
will
contribute
to
the
company.
Technology
Plan
(1
–
2
pages)
3.
Create
a
technology
plan
for
your
NAB
company
using
the
template
in
the
text
as
a
guide
(p.
227
|
Technology
Plan
Preparation
Form
).
Extract
appropriate
information
from
the
NAB
Company
Portfolio,
where
applicable.
Other
required
items
in
the
template
should
be
filled
in
using
your
personal
preferences.
·
·
§
§
Hints:
Consider
the
type
of
technology
your
company
will
use
to
conduct
the
follo
wing
activities:
managing
personnel;
taking,
fulfilling,
and
tracking
orders;
managing
inventory;
communicating
with
customers
and
providing
customer
service;
and
producing
your
beverage.
Management
and
Organization
(1
–
2
pages)
4.
Create
a
management
plan
for
your
NAB
company
using
the
template
in
the
text
as
a
guide
(p.
248
|
Management
Plan
Preparation
Form
).
Extract
appropriate
information
from
the
NAB
Company
Portfolio,
where
applicable.
Other
required
items
in
the
template
shou
ld
be
filled
in
using
your
personal
preferences.
5.
Using
the
flow
charts
on
page
242
as
a
guide,
outline
your
company’s
management
hierarchy.
Note:
Charts
or
diagrams
must
be
imported/included
in
the
MS
Word
document.
Create
an
ethics
and
social
responsibili
ty
plan
(1
–
2
pages)
1.
Describe
the
ways
in
which
your
company
is
committed
to
being
a
good
corporate
citizen.
o
Hints:
Consider
the
following
areas:
o
Creating
jobs
o
Following
the
laws
of
every
jurisdiction
in
which
your
company
operates
o
Fair
and
honest
treatment
of
employees
Assignment 3: Operation, Technology, and Management Plan (with Financials)
Due Week 8 and worth 100 points
This assignment consists of two sections: the Word document and your business plan
financials. Note: You must submit both sections as separate files for the completion of this assignment.
Use the NAB Company Portfolio (see Required Course Files in Week 1).
Write a 4-8-page paper in which you provide the following information below.
Operations Plan (1–2 pages)
Note: Remember to assign a dollar amount to each operational cost you find, as you will need these
figures for your income statement and cash flow in Week 8.
1. Create an operations plan for your NAB company using the template in the text as a guide (p. 214
| Operations Plan Preparation Form). Extract appropriate information from the NAB Company Portfolio,
where applicable. Other required items in the template should be filled in using your personal
preferences.
1.
1.
o Note: Most of the research pertaining to the hints provided here can be found in the NAB company
portfolio.
o Hints: Consider whether you will rent or buy your facilities or outsource production to an existing
company.
o Hints: One of your biggest expenses as a startup non-alcoholic beverage company will be transitioning
from a small-batch prototype of your beverage to production on a large scale. Research the equipment
you will need (vats, refrigerators, burners, ovens, bottling equipment, and so on), whether you will rent or
buy, how you will maintain and clean the equipment, and so forth. Consider how you will ensure quality
control. What capacity do you intend to reach?
o Hints: Deliberate your inventory control. Where do your supplies come from and what is your turnaround
time to produce your beverage once you have received an order?
o Hints: Consider your distribution method. Refer back to your notes for the SWOT analysis assignment in
Week 2 of the class.
o Hints: How will you stay abreast of new developments in your industry? What new products do you have
in development now, in addition to your flagship product?
2. Describe your research and development activities and explain how they will contribute to the company.
Technology Plan (1–2 pages)
3. Create a technology plan for your NAB company using the template in the text as a guide (p. 227
| Technology Plan Preparation Form). Extract appropriate information from the NAB Company
Portfolio, where applicable. Other required items in the template should be filled in using your
personal preferences.
Hints: Consider the type of technology your company will use to conduct the following activities:
managing personnel; taking, fulfilling, and tracking orders; managing inventory; communicating with
customers and providing customer service; and producing your beverage.
Management and Organization (1–2 pages)
4. Create a management plan for your NAB company using the template in the text as a guide
(p. 248 | Management Plan Preparation Form). Extract appropriate information from the NAB
Company Portfolio, where applicable. Other required items in the template should be filled in
using your personal preferences.
5. Using the flow charts on page 242 as a guide, outline your company’s management
hierarchy. Note: Charts or diagrams must be imported/included in the MS Word document.
Create an ethics and social responsibility plan (1-2 pages)
1. Describe the ways in which your company is committed to being a good corporate citizen.
o Hints: Consider the following areas:
o Creating jobs
o Following the laws of every jurisdiction in which your company operates
o Fair and honest treatment of employees