Business plan

A business plan is a guide that outlines the goals of a company and details how the company plans to achieve those goals. The company for the Final Project for Introduction to Business will be a publicly-traded company of your choice. You will select your company in the Module 2 assignment.

Business Plan Sections
Key elements and sections of a business plan are explained in the textbook: Introduction to Business, Gitman, pages 188 and 189. Review the Score: Business Plan for a Start-up Business template Download Score: Business Plan for a Start-up Business templateOpen this document with ReadSpeaker docReader. You are writing a business plan for a publicly-traded mature company, but the sections and the explanation of the sections are still accurate. The Small Business AssociationLinks to an external site. also can be a source of explanation for sections of the Business Plan. Here are the sections that should be included in your final business plan:

Begin with Cover Page: Here is a cover page template Download cover page templateOpen this document with ReadSpeaker docReaderyou can use.
Table of Contents
Section 1: Executive Summary
Brief one to two pages that includes the following information:
Company: Include the name of the Company, Business Legal entity
Mission Statement:
Product/Service Offering:
Customer Problem that the company intends to fill:
Target Market & Customers:
Sale/Marketing Strategy:
Organizational Chart
Business Model: Operations Management: The Transformational Process
What are the company’s Inputs (supplies to make your product)
Transformation (what happens to the raw supplies?) and
Output (What is your end product and how does the company get it to customers?)
Competitors and Competitive Advantage:
Section 2: Market Analysis
Company analysis:
Name of the company, location, population & region served
How long the company has been in operation
Number of employees
Values and Goals of the company
List a few company objectives (reason for the plan)
Customer analysis
Learn more about customers and customer behavior
Customer needs – segment
Marketing strategy planning may start with questions about customers. These questions may relate to customers’ demographic characteristics, and consumer buying behavior
Define the product market

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Sample Answer

 

 

 

 

  • Mission Statement: The publicly stated mission of the chosen company.
  • Product/Service Offering: A concise overview of the company’s primary products and services.
  • Customer Problem that the company intends to fill: The core needs or pain points of customers that the company addresses. This will be based on the company’s established market position.
  • Target Market & Customers: A summary of the company’s primary customer segments and their key characteristics.
  • Sale/Marketing Strategy: A high-level overview of the company’s main approaches to sales and marketing.
  • Organizational Chart: A simplified representation of the company’s leadership and departmental structure (publicly available information will be used).
  • Business Model: Operations Management: The Transformational Process:
    • Inputs: Key raw materials, components, resources, and information used in the company’s operations (based on their industry).
    • Transformation: A description of the core processes the company uses to convert inputs into outputs (e.g., manufacturing, service delivery).
    • Output: The final products or services delivered to customers and the primary distribution channels used to reach them.
  • Competitors and Competitive Advantage: Identification of the company’s main competitors and a summary of its key competitive advantages (e.g., brand reputation, technology, cost leadership).

Section 2: Market Analysis

  • Company Analysis:
    • Name of the company, headquarters location, primary regions served, and relevant population demographics of those regions.
    • How long the company has been in operation (historical context).
    • Number of employees (approximate, based on publicly available data).
    • Publicly stated values and goals of the company (from their website, annual reports, etc.).
    • List a few company objectives (reason for this plan – this will likely focus on strategic growth, market expansion, or addressing a specific challenge based on recent company performance and announcements).
  • Customer Analysis:
    • Detailed information about the company’s current and potential customers.
    • Customer Needs – Segment: Identification of key customer segments and their specific needs related to the company’s offerings.
    • Marketing Strategy Planning: Analysis of customer demographics (age, income, location, etc.) and consumer buying behavior (how, when, why they purchase). This will rely on publicly available market research and company reports.
    • Define the Product Market: Clearly define the industry and specific market(s) in which the company operates.

Next Steps:

I will proceed to Module 2 to select the publicly-traded mature company for this business plan. Once the company is chosen, I will conduct thorough research using publicly available information (company websites, annual reports, investor relations materials, industry reports, news articles, market research data) to populate each section of the business plan as outlined above. I will ensure that the information is relevant to a mature, established company and focuses on its current operations and strategic direction.

 

Full Answer Section

 

 

 

 

This business plan will follow the structure outlined, incorporating the sections detailed in the textbook and the SCORE template, while adapting them to the context of an existing public company rather than a startup.

Here’s a preliminary outline of how I will approach each section, keeping in mind the need to analyze a mature, publicly-traded company:

Business Plan Outline:

Cover Page: Utilizing the provided template.

Table of Contents: Automatically generated after completing the plan.

Section 1: Executive Summary (1-2 pages)

  • Company:
    • Name of the Company (To be selected in Module 2)
    • Business Legal Entity (e.g., Corporation – Inc., Ltd.)

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