Bus 250 innovation

The final written paper is an assessment of the innovation, management, business, and finance of your own business idea. The final assignment will consist of two parts- an oral and written component. The final paper is worth 100 points and 20% towards the final grade.

Each of the below components is required to be included in the final paper. However, it is encouraged for students to expand on these topics using learning and terminology from the strategic management discipline. The topic areas include:

To successfully complete the final paper, the student should first describe the innovative venture. Following the summary, students will complete 5 essay questions aligned with core objectives of the BUS 150 course and its Student Learning Outcomes.

  1. Describe your innovative venture. Below is a list to guide your thought process while framing the answer. a. Is it a product or service? b. What is its name? c. How will it make money? d. How will it make a positive impact? e. How is it a good match with and for you?
  2. Utilizing what you have learned about yourself this term through exploration of your strengths, aptitudes, purpose, and interests, propose an Individual Plan. The plan will include personal characteristics to best explain your talents, behaviors, and worldview. Your plan should consider the opportunities around you and available to you for innovation. Please reflect using the Powerpoint Presentations discussed in class. Students should report where the content for the answer was retrieved. Use citations and references if necessary to refer to a utilized source. (SLO 2.1)
  3. A key strength for business leadership is to know what you do know and what you do not know. Synthesize business functions and the role of each in a proposed innovative venture of your choice. Select any three of the following business functions, describe how it will be implemented in your company, and how it interplays with other pertinent business functions for your proposed innovative venture. (Management, Manufacturing, Production, Operations, Marketing, Sales, Customer Service, Information Technology, Human Resources, Finance, Accounting, Data Analytics E-commerce.) Use citations and references if necessary to refer to a utilized source. (SLO 2.3)
  4. Investigate the cultural implications of your innovative venture. Is there an international component of your venture to take into consideration? Are there cultural aspects of your venture’s demographics and target market to consider? Perhaps the innovation or venture will have a social impact, or social responsibility. Is there another cultural component that adds value to your venture, such as diverse employees? Explain in detail how your innovative venture will successfully develop cultural awareness and effectiveness. Students should report where the content for the answer was retrieved. Use citations and references if necessary to refer to a utilized source. (SLO 2.4)

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