Reference no: EM13261238
Genesis' newly established operations management team decided to seek outside assistance in developing a long-term operating plan that also addresses the financial issues identified. A major consideration for Genesis is assessing those short-term and long-term economic factors, which will greatly enhance the company's ability to successfully transition to a viable international business. Grasping and correctly prioritizing these economic factors, supply and demand, interest rates, inflation, unemployment, and exchange rates are pivotal, thereby requiring expert guidance. Therefore, their first major decision was to hire a respected strategy-consulting firm, Sensible Essentials.
After meeting with the client team, Sensible Essentials concluded that the operations management team would significantly benefit from a more in-depth understanding of the financial environment at Genesis. This understanding needed to encompass not only sales, costs, and profitability forecast under the new strategic plan, but also the way expansion would highlight the need to manage working capital and cash flow in order to try to minimize the need for external financing.
As the lead consultant for Sensible Essentials, do the following:
- Describe the financial environment at Genesis.
- Describe how the company's strategy for financing as a startup may no longer be suitable as it seeks to expand its operations globally.
- Identify and explain two ways Genesis can improve its strategy.
- Explain how global financial markets in terms of financial strategy affect Genesis.
rite a 3-4-page paper in Word format. Apply APA standards to citation of sources. Then, create a 6-8-slide PowerPoint with Speaker's notes and references (including research) presenting your findings to the Genesis operations management team.
Use the following file naming conventions: LastnameFirstInitial_M1_A3.doc and LastnameFirstInitial_M1_A3.ppt. For example, if your name is John Smith, your document will be named SmithJ_M1_A3.doc and SmithJ_M1_A3.ppt.
ByWednesday, September 4, 2013, deliver your assignment to theM1: Assignment 3 Dropbox.
| Assignment 3 Grading Criteria |
Maximum Points |
| Described the financial environment at Genesis. |
8 |
| Examined the implication of Genesis's current financial strategy for global expansion of business, showing analysis of its financial environment. |
28 |
| Identified and explained two ways Genesis can improve its strategy. |
16 |
| Assessed the effects of global financial markets on the company's financial strategy. |
28 |
| Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. |
20 |
| Total: |
100 |