Strategic Plan for a Small Business – Management Assignment Help

Assignment Task

Task

This task needs students to think creatively and act innovatively by identifying gaps and bridging the gaps with strategic designs to your new business. 

This requires:

• Introduction to the business chosen and justification for selecting the business. 
• Vision and mission. 
• Environmental analysis using SWOT analysis. 
• Recognize business goals and objectives based on the analysis of environmental factors. 
• Develop functional plans: Designing a strategic approach to market and competition o Designing a strategic approach to Product and production o Designing a strategic approach/es to pricing and delivery o Designing a strategic approach to the management team o Planning strategic approach to financing and estimate cost and revenue including cash-flow projections and Important financial ratios for performance evaluations in terms of financial aspects. 
• Finally, Sustainability & contingency plans: future changes and challenges expected, risk and sensitivity analysis including ethics and confidentiality and disclosure.

How to create a successful business plan:

For entrepreneurs, scientists, managers, and students. World Scientific. Evans, V. (2013). 

The Financial Times Essential Guide to Developing a Business Strategy: 

How to Use Strategic?