Business Finance Homework Help

Operations, Technology, Management, and Social Responsibility Plan (With Financials)

About my company: 

The Bills Group, LLC is a newly established company with our main location in the central part of Brooklyn Park, Minnesota, USA. The business will operate as a bottled water production plant for the sole purpose of distributing, sales, and meeting the utmost satisfaction of bottled water consumers, within 100 miles of Brooklyn Park and it’s environed. Our product name: “Brooklyn Water” was chosen to directly appeal to the consciousness of our customer base, who are mostly residents of the community. 

Product: Bottled Mineral Water Production (based on my research, I chose bottled water production as the product of my business due to the rising demand for bottled water consumption across America, and with specific emphasis on “purify water” within the Brooklyn Park city, Minnesota, USA)

Product Name: Brooklyn Water (I chose the brand name of my product to be “Brooklyn Water” to appeal to my strategic client base who happens to be residents of the Brooklyn Park community and it’s environed. My initial marketing strategy will be “Direct Marketing’’ which will consider 100 miles radius from my residential address. But with online presence as well.

• Location: Brooklyn Park, Minnesota, USA
• Facility: Rental
• Date of Operation: July 2021 
• Faculty: CEO, Operations Manager, Plant Manager, Marketing Manager, Employees; 2-Full-time, 2-Part-time
• Initial Budget: 80,000.00
• Projections; $1M in Two years in Sales

In this assignment, you will focus on these sections of your business plan:

• Operations.
• Technology.
• Management.
• Social Responsibility.
• Financials.

You will revise the Operations, Social Responsibility, and Financials sections based on the feedback you received in the discussion threads and any changes you want to make to your business plan.

The Technology and Management and Organization sections are new. You have not worked on these sections in your discussion threads.

The assignment consists of two parts:

Part 1: Business Plan

Write a 4–8 page paper, in MS Word, in which you provide the specified information in each section.

Instructions:

• Create an operations plan for      your selected company expanding on each of these topics:
• Facilities. (Rent) $1,000.00 Monthly
  • Consider questions such as these regarding        facilities:
    • Will you rent 
    • If you are renting or buying your facilities, what         utilities will be required to run the operation?
    • What will be the costs associated with any necessary         utilities?
• Production Process or Description of How Your Business Will       Operate If Retail or Service Company.
  • Include any equipment you        plan to use, if applicable.
    • Research needed equipment, such as machines,         refrigerators, burners, ovens, and so on.
    • Will you rent or buy needed equipment?
    • How will you maintain and clean the equipment?
    • How will you ensure quality control?
    • What capacity do you intend to reach?
    • If you have a retail or service business, consider         any equipment you might need in your process.
  • Explain your approach to inventory, as applicable.
    • Where do your supplies come from?
    • What is your turnaround time to produce your product         once you have received an order?
• Research and Development.
  • How will you stay abreast of new developments in the        industry?
  • What new products or services are in development?
• Personnel Needs in Operations.
  • How many operations employees do you plan to have?
  • What will their roles be?

Technology Section (1–2 pages)

Notes:

• Assign a dollar amount to each technology cost you      find; you will need these figures for your financials (Business Plan      Financials Excel Template).
• If you are working with the snack food company      scenario, be sure to use the information and costs provided in the Snack      Food Company Guidelines.
• Consider the type of technology your selected company      will use to conduct activities, such as managing personnel; taking,      fulfilling, and tracking orders; managing inventory; communicating with      customers and providing customer service; and producing your product or      providing your service.

Instructions:

• Create a technology plan for      your selected company expanding on each of these topics:
• Software Needs.
  • Examples of software you might need include:        graphics, customer relationship management, accounting, inventory, and        office suite.
• Hardware Needs.
  • Examples of hardware you might need include:        computers, monitors, servers, routers, and tablets.
• Telecommunication Needs.
  • Examples of telecommunication equipment you might        need include: phones, Internet, fax, and mobile phones.
• Personnel Needs in Technology.
  • Will your technology personnel be in-house or        outsourced?

Management and Organization Section (1–2 pages)

Notes:

Instructions:

• Create a management and      organization plan for your selected company expanding on      each of these topics:
• Key Management Employees.
  • List key management team members along with a several        sentence description of each person’s relevant business background and        responsibilities.
• Advisors.
  • List any people you will use as advisors for your        business; include a several sentence description of these individuals’        areas of expertise and their expected contribution to the business.
• Management Hierarchy.
  • Outline your company’s management hierarchy using the        flow charts on page 248 of your text as a guide.
  • Import/include all charts or diagrams into the MS        Word document.

Social Responsibility Section (1–2 pages)

Instructions:

• Create a social responsibility plan for      your selected company expanding on each of these topics:
• Impact on Stakeholders.
  • Describe the ways your chosen company will impact        stakeholders, such as employees, customers, suppliers, and the        community. This is the people section of the triple bottom line.
    • What types of benefits (such as health care,         flexible work hours, and opportunities for advancement and         education) will your company offer employees?
    • What types of opportunities (such as classes,         sponsored events, and assistance to causes and charities) will your         company offer the community?
• Environmental Impact.
  • Explain how your company’s activities will affect the        environment.
  • Identify the steps you will take to mitigate any        negative impacts.
    • How will you minimize your ecological footprint in         your operations? Consider energy usage, waste disposal, recycling,         using recycled materials, et cetera.