Evaluate business models that organizations utilize to effectively implement strategies.

Student Success Criteria

View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.


You have decided to open a cupcake bakery and move your home-based business into a storefront. Recently, you met with SBA National, a non-profit, that focuses on helping entrepreneurs start their business with funding and guidance. The non-profit also hosts a business pitch competition to anyone who is a client. One of the requirements of the SBA business pitch competition is that each participant must fill out a Strategic Mind Map to capture the strategic plans for your business.


Fill in the following details for your business using the Strategic Mind Map template:

Strategic Mind Map template.docx

  • Define your business model
  • Identify your strategic position in the market
  • Identify your internal factors effects and external factors effects (EFE & IFE)
  • Identify your short and long-term goals
  • Execution steps for your plan
  • Key performance metrics

In the same Word document as the template (or copy and paste the template into a new Word document) do the following:

  • Outline how the company will use the strategic planning process.
  • Based on your analysis and research, make a recommendation on how you could use this in your proposal.
  • Provide attribution for credible sources.