Reference no: EM131763975 , Length: word count : 1400

Purpose of Assignment Students will have the opportunity to research a company and industry to conceptualize forming a new division of an existing company based on a new product or service.

The assigned text and Strategic Planning Outline serve as a guide to complete sections of the capstone project each week.

This will allow the student to lay the basic foundation for an effective strategic plan. A final plan will be presented in Week 5.

Assignment Steps Resources:

Strategic Planning Outline and Week 2 textbook readings Use the Strategic Planning Outline as a guide to complete sections of your capstone project each week.

A final strategic plan is due in Week 5.

Cite your resources. Develop a minimum 1,400-word proposal in which you explain the importance of innovation in your selected division's vision, mission, and values, and determine your business model for this new division.

Include the following:

• Propose a new product or service for the new company division. The division should be customer-focused with an innovative mission statement. Ensure you are differentiating your product or service.

• Describe how the division addresses customer needs and achieves competitive advantage.

• Create a vision and a business model for this new division that clearly demonstrates your decision on what you want your business to become in the future.

• Explain how the vision, mission, and value of the new division align with the company's mission and vision.

• Summarize how the vision, mission, and values guide the division's strategic direction.

• Define your guiding principles and values for your division in the context of culture, social responsibility, and ethics.

Cite a minimum of two peer-reviewed references. Format your paper consistent with APA guidelines.