Reference no: EM132232133

You need to only focus on team Chester.

The instructions are: Team Course Project Update Report: Look at your original Team Charter and Plan completed in Week 1.

What must be updated since you originally created that document? What have you learned?

Give a detailed status report on the following items.

Porter's Generic Strategy: Which strategy did your team choose initially, and how did it change as the course moved on?

Target Market: Which of the five market segments did your team choose initially, and what has happened since?

Project Plan: How did your team do hitting the milestones? What had to be added or should have been added? Did any specific project management skills help in this area? Share your updated Gantt Chart.

Conflict Management Plan: Give examples of how this worked for your team.

Team Rules: Share the team rules, and explain how they helped your team.

Ethics: How has your team adhered to ethical principles?

CAPSTONE - TEAM PLAN

I. TEAM INFORMATION

II. TEAM - Review the material of our course to help you select a business strategy. Look in the course documents module and review the busn460 capstone report-presentation document and the cobm_BUSN460_assessment rubric. You can also see the peer review form that you will be submitting in week 8 there as well.

The six Porter's Generic Strategies (Porter, 1985) are as follows.
1. Broad differentiation
2. Broad cost leader
3. Niche cost leader
4. Niche differentiation
5. Cost leader with product life cycle focus
6. Differentiation strategy with product life cycle focus

Name and describe your Strategy. What is the rationale for this choice?

Each company starts with five products in five very different market segments. The five market segments are as follows.Low-end, Traditional, High-end. Size, and Performance. Which market segment is your initial priority and why?

TEAM MANAGEMENT PLAN
This section defines how the team will allocate assignments and talents. Students may have more than one role on the team.

a) Skills Inventory: Identify each team member'spersonal, professional, and academicstrengths and weaknesses in the table.

III. PROJECT MANAGEMENT PLAN

a) Meeting and Communication Plan: How often will you meet, and by what methods? How will you communicate between meetings and distribute agenda items, follow-up items, or other required communication?

b) Documents and Change Management: How will documents be shared and stored using the team tools in Canvas?

c) Task Management: Create a Gantt Chart that will show all the tasks required, what week they will occur and who is assigned. Add tasks as required. Feel free to create a separate more detailed project plan as an attachment.

IV. CONFLICT MANAGEMENT PLAN
Describe how your team will manage conflict.

IV. TEAM RULES AND ETHICS
Create a list of rules to help you collaborate as a team, including expectations about meetings, communication, course work, conflict resolution, and so on, based on other elements of this charter.

Include a statement of ethical commitment each team member will adhere to which should address such items as making a good contribution to the team, good practices in following academic integrity, open, clear, and honest communication. Be sure to address how your team will ensure it follows ethical principles in decision making.

What are some Ethical business practices your team may incorporate in your plan?

• One rule we will try to meet will be to have our homework turned in by Saturday's. This will give us time in case life gets in the way.
• We will all do our fair share and if someone does not it will be notified to them and then to the professor.
• We will try to use ethical products meaning that they are not causing a lot of pollution when we make our chips.
• Last thing is we will all respect each other and our schedules and work around them accordingly we are professionals and should treat everyone that way.

V. CRITICAL SUCCESS FACTORS FOR YOUR BUSINESS PLAN
Refer back to your team project product or service description. Identify critical success factors for your product or service idea. For example, are you depending on outside suppliers, retail traffic, technology, or advertising success? What steps can you take to achieve these factors?

VI. Commitment
Each team member is to write an individual commitment statement. If onsite, each team member will sign his or her commitment statement.

Attachment:- Reports.rar