What are the critical components of a business plan? Recommend any changes that would be required if the plan were to be used in a foreign country.
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The business plan is the starting point for an organization to seek expansion of its products in new territories, or to launch new products in old territories. Over the years, business plan has become a standard document which is expected to have certain format. Those reviewing the document have expectations over what information should be placed under what heading, and hence the layout should not be changed. The business plan consists of five crucial components. These are:
1. Executive Summary
Every business plan must begin with executive summary as it is this section that provides an overview of what is contained further along in the document. Each and every word must be carefully selected and presented as this is where the audience would be paying most of their attention to. Executive summary is used to describe the nature of business venture, and reasons why people need the product or service.
This section also includes the management team of the organization. Sales and marketing approach is also addressed here. Finally, the summary includes few numbers, like the amount of capital required, projection of sales, and the ability of the organization to repay the loan.
2. Company Analysis
This section provides the strategic overview of the organization of the company, ...
The expert determines how to write a business plan for Global Business Management.
Human Resources Strategic Poisitioning Plan Part 2
Human Resources Strategic Positioning Plan - Part 2
Prepare a 3,000-3,500-word paper integrating theories and concepts from your text and other sources as you review the Riordan Manufacturing virtual organization on your rEsource page. Based on your researched information, create a Human Resource Strategic Positioning Plan for your client. Include a summary of Part 1 in addition to the following elements in order to support your recommendations.
a. One-page executive summary
b. Recruiting and Retention
1) Analyze methods for recognizing and retaining key employees and workers
2) Identify a process to replace key executive talent
3) Develop a process to identify high-potential employees; develop a process to "fast track" these employees
c. Legal Ramifications
Legal implications of issues covered in this assignment (e.g., as you consider your proposal, have you thoroughly researched any legal implications)?
d. Training and Development Program
Identify elements of an effective training and development program.
e. Technical infrastructure
·Apply the elements of an effective technical infrastructure. Include application of information (such as requirements and considerations) provided by an HRIS.
·How is your strategy affected by the company's decision to "go global" with its plant in China? What are the HR-related implications? Assess the challenges and opportunities of multinational cultural diversity and international talent management.
Make final recommendations to the client.