Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Week 1 - Concept Approval

Week 1 - Concept Approval

Q Instructions Course Objective: Identify and/or create a business concept for marketplace entry that is suitable for the business plan development stage. Instructions: Approval for your proposed business idea is required before you begin to develop your proposal. If you researched a company or business in BUSN621, you may continue with that concept to develop a business plan for that company. If not, you must email me your company of choice and a brief description for approval. Deliverable: Create a sophisticated PowerPoint presentation (ideally 9+ content pages) in length (not including title slide or References slide) describing your business concept. Include a References slide with a minimum of 3 APA 7th formatted References making sure at least 2 are peer-reviewed. NOTE: Please make sure you properly cite your sources in APA 7th inside your text on each slide wherever applicable. Make sure you include an Agenda slide and Speaker's Notes on each slide of your presentation. In your proposal, include responses to the following questions: Why is it important to write a business plan? What is the purpose of a business plan? What type of business do you plan to open? Why did you choose this business/service? What is your product/service differentiation? Submit your PPT file by 11:55 PM ET, Day 7 (Sunday). Resource: Review the following worksheets and complete them for your own use (these will not be turned in). Page 14 Vision Statement worksheet from Simple St eps for Starting Your Business, The SCORE Foundation, 2014 AND Page 19 Business Concept Outline Worksheet from Simple Steps for Starting Your Business, The SCORE Foundation, 2014. 

View Related Questions

Solution Preview

There can be planning of a new strategy for market entry done with the writing of a business plan (Verma & Verma, 2022). There can be provision of a specific direction to every organizational member with writing of a business plan. There can be organizing of every step of the new strategy also. There can be mutual decision-making done by every organizational member. There can also be identification of every type of target customer by the organization (Verma & Verma, 2022).