You are now in the final stage of the business plan development. All previous documentation must be combined into one (1) document that will serve as the statement of work for the business plan. Your goal is to have the plan approved by the executive team in the venture capital group. The business plan is very detailed. However, the executive team is only interested in a ten (10) minute summation. Therefore, you also must create a compelling executive summary, in which you justify your new product or service venture and how it would benefit the company. You will also include your conclusion and recommendations as the final part of your business plan.
- Write a three to four (3-4) page executive summary in which you provide a high-level technical overview of your business plan.
- Combine all previous documentation into one (1) document that will serve as the statement of work for the business plan where you address the following:
- Part I of your business plan – Your business vision including business opportunities, business model, and feasibility analysis
- Part II of your business plan – Competitive analysis and strategic assessment including competitive analysis, strategies and marketing tactics, risks and mitigation strategies, funding, strategic positions, and cost operating report
- Part III of your business plan – Business initiative and technology including business initiative, technologies, and technology policies
- Provide a conclusion and recommendations in which you:
- Analyze the new business opportunity and the strategies undertaken to support this business initiative for the company.
- Assess the benefits and explain the potential business growth of the new product or service. Note: Ensure to carefully evaluate each of the risks.
- Determine which aspects of your corporate culture will help make the company successful in your approach. Support the response.
- Develop a set of recommendations for the company which justify why the management team should consider this new business strategy
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