Assignment 3 Part 1: Operation, Technology and Management Plan
Use the “NAB Company Portfolio”.
Operations Plan (1–2).
Note: Remember to assign a dollar amount to each operational cost you find, as you need these figures for your income statement and cash flow in week 8.
1). Create an operations plan for your NAB Company using the template in the text as a guide (p. 214). Operations Plan Preparation form. Extract appropriate information from NAB Company Portfolio, when applicable, other items in the template should be filled in using your personal preference.
2). Provide a rationale for the competitive advantages section using appropriate functional level strategies to explain the competitive advantage.
Note: Much of the research pertaining to the hints provided here can be found in the NAB Company Portfolio.
Hints: Consider whether you will rent or buy your facilities or outsource production to an existing company.
Hint: One of your biggest expenses as a startup Non-Alcoholic Beverage Company will be transitioning from a small batch proto type of your beverage to production on a large scale. Research the equipment you will need (Vats, refrigerators, burners, oven, bottling equipment, and so on). Whether you will rent or buy, how you will maintain and clean it, and so forth. Consider how you will ensure quality control. What capacity do you intend to reach.
Hint: Deliberate your inventory control. Where do your supplies come from and what is your turnaround time to produce your beverage once you have received an order?
Hint: Consider your distribution method. Refer back to your notes for the SWOT Analysis assignment I week 2 of class.
Hints: How will you stay abreast of new developments in your industry?
What new products do you have in development now, in addition to your flagship product.
3). Describe you research and development activities and explain how they will contribute to the company.
Technology Plan (1-2 pages).
Create a technology plan for your NAB company using the template as a guide (p.227) (Technology Plan Preparation Form) Extract appropriate information from the NAB Company Portfolio, where applicable. Other required items in the template should be filled in using your personal preferences.
5). Provide a rationale for the personnel need section by incorporating appropriate functional level strategies.
Hint: Consider the type of technology your company will use to conduct the following activities: manage personnel, take, fulfill, and track orders, manage inventory, communicate with customers and provide customer service, and produce beverage.
Management and Organization (1-2 pages)
6) Create a management plan for your NAB Company using the template in the text as a guide (p. 248) (Management Plan Preparation Plan) extract appropriate information from the NAB Company Portfolio, where applicable. Other required items in the template should be filled in your personal preferences.
7) Using the flow charts on (p 242) as a guide, Outline your company’s management hierarchy. Note: Charts or diagrams must be imported/included in the word document.
8) Provide a rationale for the management structure and style section by incorporating appropriate functional-level strategies.
9) Format your assignment according to these formatting requirements:
a) There is no minimum requiremenets for the number resources used in the exercise.