Assignment Details **WRITE MAIN POST AND RESPOND TO 4 PEER POST This assignment

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Assignment Details
This assignment has 5 parts.
Collaboration in a business environment is a best practice that leverages the collective knowledge of the team that is assembled. Peer evaluation and support, provided in the spirit of continuous improvement and organizational success, result in higher quality deliverables than what are generally possible by the efforts of an individual.
Describe the process that you plan to use to conduct research, identify findings, and develop the Comprehensive Project that is due in Unit 5.
Present a preliminary outline that indicates how you intend to organize the project deliverable.
Please review the process and outlines of other students, providing an objective assessment and constructive feedback that will help strengthen the effectiveness of their efforts and the quality of their finished products.
What are the essential elements of a Mission Statement?
What is the purpose of a Key Operating Principle?
What sort of additional material would best ensure success of the project? Why?
Your additional DB3 posts should provide comments and constructive criticism on the DB responses of other students.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of you
LaShonda Stiff
American InterContinental University
Dr. Henderson
Strategy Formulation
Week 1
Collaboration should be used in all business establishments in that it is there for best practice for the entire workforce for it is very essential. For the unit 5 individual project the process that I will use for my research, to identify my findings, and the development of the assignment is by first, utilizing the handy resources that AIU has to offer. I will do this from using Intellipath, the library, David textbook, Internet, and may possibly use MUSE. I will also benefit from the constructive feedback from Dr. Henderson and the rest of the class.
Accepting substantive feedback is not to shame others but is there to help us along the way to be in hopes for a successful assignment. It appears that entailing constructive feedback from our professor and classmates would be very beneficial in our studies. Feedback is to help implement a fine paper. Working together in a group can have many challenges but the main thing that we have to consider is that we all need this, we all need to pass this class and take this knowledge of a business plan to the next level for our businesses.
This outline below is only preliminary for now and the order will be switched around meaning that I may make changes to it by adding more or eliminating information that’s not displayed here as well. I’ve broken up the business plan into sections. Objectives and several required cites, will be included in ToolsCorp along with the other required assignments with at least 15 pages, and 15 references transitioning into the global markets from Tennessee.
II. Abstract
III. Introduction
IV. Body
A. Business Description
Geographical area to be served (international)
B. Mission Statement
Add nine components
C. Competitors Analysis
Describe competition
What gives Toolscorp a better advantage
How do I compete
D. Financial Plan
Increased profitability
Decreased profitability
Describe investment amount required
E. Strategic proposals one, five, ten-year time frame
Implemented plans
F. Marketing Strategy
What are my market plans/sells
Introduce my products or services to customers
Ideas for promotions online, other methods/globally
G. Daily Operations
Management/staff structure
Key operating principles
Human resources
H. Products and Services
Uniqueness of the products or services
Benefits the product offers to the customers
I. SWOT Analysis
Five factors from the categories
Why are the factors important
Why was it placed in the category in the first place
J. Executive Summary
Summarize ToolsCorp management structure
Describe the products
Summary of finances and market strategies
K. Groups added material for ToolsCorp global initiative
V. Conclusion
VI. References
Hello Everyone,

My plan is to use peer reviewed sources from the AIU library, the textbook, Intellipath, previous research, and Google Scholar for research to help ensure my contributions to the unit 5 project are precise, detailed, and supported. As I complete my research, I will take notes to ensure my content is accurate and meets the requirements of the project. The outline below is based on my preliminary thoughts and will change as I begin to collaborate with my group.

Title Page
Table of Contents
Executive Summary
Introduction – purpose of the proposal
SWOT Analysis (5 factors for each)
Why is it important
Why it is considered a strength
Why is it important
Why is it considered a weakness
Why is it important
Why it is considered an opportunity
Why is it important
Why it is considered a threat
Business Plan Outline
Mission Statement (paragraph form with all nine components)
Key Operating Principles
Preliminary Competitive and Market Analysis
Market Size
Target Market Segment
Market Growth Trends
Competitor Analysis
Competitive Advantage
Solutions we can provide for consumers in the market
Differentiation from competitors
Strategic Objectives
Additional material resulting from group collaboration

What are the essential elements of a Mission Statement?
A company’s objectives should be clearly and effectively communicated in its mission statement. A mission statement should describe the company’s values, goals, and strategies for achieving them. It should be clear enough for everyone in the organization to comprehend while also being thorough enough to serve as a roadmap for the company’s goals and objectives. A mission statement should serve as a road map for attaining the company’s goals and objectives. It should also include a set of values that direct the organization’s decision-making and operations. In addition to any milestones or deadlines that must be completed, this should include the plans and techniques the organization will employ to achieve its objectives. The organization should make it very evident in its mission statement how it differs from competitors and why customers should choose it. This could include a description of the company’s competitive pricing strategies, service packages, or unique value proposition. A company’s commitment to its consumers, staff, and stakeholders should be reflected in its mission statement. It should also pledge to consistently work to supply products and services of the greatest quality.
What is the purpose of a Key Operating Principle?
Key operating principles can be utilized to make sure that every division and team inside the organization is pursuing the same goals. They can help guarantee that everyone is adhering to the same rules and protocols and can serve as a guide for management when creating strategies and initiatives. Key Operating Principles can also be used as a baseline for evaluating performance and progress. This can help to guarantee that there is no misunderstanding or miscommunication between various elements of the business. Businesses can assess their performance in relation to these standards to make sure they are accomplishing their aims by laying out precise objectives and goals that must be met. Key Operating Principles are a crucial component of managing any organization since they offer a clear framework and set of rules that can be utilized to make sure the enterprise is progressing in the appropriate path. They may contribute to greater effectiveness, productivity, and client satisfaction, which eventually results in increased revenue.
What sort of additional material would best ensure the success of the project? Why?
A project’s success depends on having a clear plan for execution. Goals and objectives for the project, a schedule for completion, and a list of the resources required for the project should all be included in this plan. A method of assessing success, using benchmarks and performance measures, should be included. Effective communication and collaboration are also vital for project success. This requires keeping all contributors informed and up to date on the status of the project and any adjustments that need to be made. Additionally, it entails identifying and resolving potential difficulties or concerns as a team. All parties involved in the project should be urged to offer suggestions and feedback as well as to get involved actively.
My classes are very similar at this moment. A mission statement consists of 9 key elements that must be conveyed in 250 words or less. The essentials are customers, products and services, markets, technology, concern for growth and survival, philosophy, self concept, concern for public image and concern for employees. Using these components The most important thing to do is express the company’s purpose, what the company does for its employees, and the goals and objectives. Understanding the mission statement can help with the key operating principle. The purpose of the key operating principle. The key operating principle helps to understand how we should treat our employees and shows us how to interact with others which coincides with the mission statement
In my opinion, the additional material needed to ensure a project is successful is a strong leader. Any project can be great but the key is making sure that in the end it is presented strong and with a clear concise understanding. Without that no one knows what

How To Write An Effective Mission Statement? 9 Key Points For It

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