LP01.1 Assignment: Milestone 1
Assignment Updated
This assignment will assess competency 1. Examine the role of management in strategy and policy development and delivery.
Directions
This is the first of several assignments to help the students develop a business plan which you will submit in LP5. To submit a strong business plan, it is important that you read the feedback you receive on each part of the plan (in LP1-3) and correct errors and incorporate recommended changes.
This assignment should be researched using a minimum of three scholarly resources. It should be written using APA formatting and be a minimum of 600 words.
Select a business you would like to go into, in your field of interest (your emphasis of study). Imagine that you have been hired in a management position. The company is looking to expand and wishes to apply for a loan of $2,000,000 to help them set up a satellite office. The first task you have been assigned is to prepare a business plan to show the bank.
For the first part of this business plan:
- Describe the business including the mission statement, the products and services the company offers, and who you consider to be the company’s competition.
- What would you recommend your company do so that it stands out from the competition?
- How will you help this business to accommodate a global business environment?
- What talents will you be looking for when you hire employees?
- What technologies are imperative to maintaining the business?
- What does the company currently charge for its products and/or services they offer?
Once the instructor has assessed the assignment, made comments, and returned the assignment to you, make sure you read the comments and make the necessary changes. You will be submitting this material again in the final business plan.
Submit this assignment to your instructor via the dropbox
LP01.1 Assignment: Milestone 1.
This assignment is worth 75 points and will be graded according to the
Graduate General Writing Rubric
and will include content, critical thinking skills, research, structure, writing mechanics, and APA formatting.