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Business Policy and Strategy – Week 3 Assignment
Business Plan Part II
Part II of the Business Plan
Part II of the business plan is due in week 3. Together with this part, you must show to your instructor that you have implemented the necessary corrections based on the part I feedback.
Part II Requirements
1. Stakeholder Analysis
a. Actual personal experience, education and training in the area/ industry of proposed business for all key stakeholders
2. Industry Analysis
a. A brief overview and long-term outlook for growth
b. Review industry size, trends, and target market segment.
c. Identify who leads the industry in terms of:
iii. Market share
3. Competitive Analysis
a. Discuss the strengths and weaknesses of each primary competitor.
b. Consider sales, quality, distribution, price, production capabilities, reputation, and products/services.
c. Outline how your product or service measures in the area of pricing and identify your competitive advantage.
d. Prepare a first-year and 3-year sales forecast in dollars and units.
e. Briefly outline your sales and advertising plans.
This is the feedback from Professor
Feedback to Learner5/20/22 2:23 PM
Hi Kaesha – thank you for your submission.
Overall, Part I of your business plan looks pretty good.
You followed the outline and included at least 5 goals and objectives in a table/chart format.
If you have any questions, please do not hesitate to contact me.
Attached is my assignment