Description
Competency
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.
Scenario
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.
Instructions
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.
Resources
- To research similar companies, the bakery product manufacturing industry, and the restaurant industry, visit the Companies & Industries page within the School of Business Guide
- Consider using the following databases to research business models, business strategies, and strategic planning:
- Business Source Complete via EBSCO
- Business via ProQuest
- Ebooks and Academic Ebooks via EBSCO
- Ebook Central via ProQuest
