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Entrepreneurship (MGT602) Fall 2017 Graded Discussion Board Due Date: 22nd January, 2018

Total Marks: 05

Topic: Organizational Plan

Learning Outcome:

  • Student will know how to prepare good business plan.
  • Students will be able to craft an organizational plan having a sound management portfolio.

Background:

A business plan is primarily written to encapsulate the business planning process by addressing all the potential outcomes of a business. It is also critical in attracting the business investment from the investors group in the business market. Among other compartments, the Organizational Plan is an integral part of business plan to attract investment and decide the market status of the firm in the future. Profile of the management, legal description of the business and details of capital structure are the major ingredients of an organizational plan. Legal and capital structure of the firm directly influences the business outcome. “Management Profile” is critical too.

Requirement:

  1. Do you think that “Management Profile” influence the business outcome in any way? Write four logical arguments to prove your point.

Instruction:

  1. Read the business plan content in detail with great focus on ingredients of organizational plan and their exclusive effectiveness.

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Replies to This Discussion

Management Profile  provides constructive, work-based information outlining an individual's work preferences, based on the Management Wheel, and the strengths that an individual brings to a organizational team.

People tend to practice what they prefer and therefore perform better in those areas that match their work preference.

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P.S:    Please always try to add the discussion in proper format title like “CS101 Assignment / GDB No 01 Solution & Discussion Due Date: ___________”

Mgt602 GDB solution

I think the management profile influences the business outcomes in any way. The four logical arguments to prove that management profile influences business outcomes are as follows:

  1. The management profile gives more view on individual performance and organizational culture.
  2. The management profile is all about learning and not assessment. The management profile can be used across organizations to improve performance and achieve better business outcomes.
  3. The management profile provides a common language and framework for individuals, teams and organizations to identify their strengths in the workplace, allowing positive, long-lasting change.
  4. The management profile takes into account situational leadership theory, which demonstrates that people are different at work than they are at home or in other situations. Moreover management profile is a comprehensive, work absorbed feedback tool which greatly influences the business outcomes.

 

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