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Strategic Management: Nothing extensive just answer questions below appropriately.
Although it is not due until the end of the class, it is important that you begin planning for this project early in the course. What are your initial thoughts about how you will approach this assignment? Explain.
1. What are the most important elements of a Business Plan? Why?
2. What other elements should be added to the Business Plan to encourage potential investors?
3. How important is accurate financial data to the Business Plan? Why?
This assignment has 5 parts.
1. Collaboration in a business environment is a best practice that leverages the collective knowledge of the team that is assembled. Peer evaluation and support, provided
in the spirit of continuous improvement and organizational success, result in higher quality deliverables than what is generally possible by the efforts of an individual.
• Describe the process that you plan to use to conduct research, identify findings, and develop the Comprehensive Project that is due in Unit 5.
• Present a preliminary outline that indicates how you intend to organize the project deliverable.
2. Please review the process and outlines of other students, providing an objective assessment and constructive feedback that will help strengthen the effectiveness of
their efforts and the quality of their finished products.
3. What are the essential elements of a Mission Statement?
4. What is the purpose of a Key Operating Principle?
5. What sort of additional material would best ensure the success of the project? Why?
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