Project 4: Creating an International Business Plan
Step 3: Make Financial Projections in the Selected Country
As you continue to work on your international business plan prepare market share estimates for MediCorp’s medical device in the selected country and revenue forecasts for the next three years.
This analysis will form a portion of your final international business plan. In the next step, you’ll examine another element of the business plan, strategy implementation.
Step 4: Prepare Strategy Implementation Plan
The next step is to specify the major factors to be tracked for strategy implementation using the four perspectives of the balanced scorecard: the learning and growth perspective, business process perspective, customer perspective, and financial perspective.
Next, you will combine your marketing strategy and your financial, governance, and implementation analysis into a final report.
Step 5: Complete Your Final Business Plan
INBOX: 1 New Message
Subject: Final Business Plan
From: Jillian Best, CEO, MCS
To: You
It’s been a pleasure working with you on this project. I’m looking forward to seeing the final deliverables.
The international business plan should be 10–12 pages, excluding cover page, executive summary, reference list, and appendices. Any tables, graphs, and figures should be included as appendices. Your plan should have one-inch margins and be double spaced in 12-point Times New Roman font. In-text citations and references should abide by APA format. The plan should be organized using headings and subheadings to improve its readability.
Your final international business plan should include the components outlined in the international business plan template.
Congrats!
Jillian
Your final international business plan should include key findings from your marketing strategy (Steps 1–2) and financial projections and strategy implementation (Steps 3–4). It should also include an executive summary
Submit your final business plan to the Assignments folder. Then proceed to the next step.
Step 6: Complete Skills Gap Analysis
As you push through your final report deliverables, you are contacted by your MCS leadership coach, Rebecca Sterling.
INBOX: 1 New Message
Subject: Skills Gap Analysis
From: Rebecca Sterling, Life & Leadership Coach
To: You
I hope you are well,
I’m reaching out to let you know that MCS’ Human Resources department is conducting a post-project self-evaluation of your skills. Using the same skills gap analysis file that you completed in Week 1, please self-evaluate your own project-related knowledge and skills accounting for you growth during your tenure within our organization.
The skills gap analysis will help you identify the skill areas you have enhanced by completing your recent assignments and will reflect any changes in the way you see the importance of those skills to your career success.
Thank you for your attention to this request. Looking forward to hearing of your progress. I’m sure you’ll be surprised by your how far you’ve come.
Sincerely,
Becca
Select the Project 4 worksheet in the bottom left of the skills gap analysis file you used in Project 1. After completing your self-evaluation, take the time to deeply assess your progress by writing a 400- to 500-word reflection that describes two to three gaps you worked to reduce over the past 10 weeks and discusses whether and how much you improved. Also think back on the learning activities you pursued to help you develop course competencies.
By the end of Week 10, submit your final skills gap analysis to the Assignments folder.
Step 7: Complete Leadership Development Plan
INBOX: 1 New Message
Subject: LDP
From: Rebecca Sterling, Life & Leadership Coach
To: You
Hi again,
Looking ahead, it is useful to continually reflect on your leadership goals, the ground you have covered to accomplish them, and the steps you still must take.
In a final measure to assist you with your career objectives, please fill out the attached leadership development plan (LDP) template. This document captures your career goals and skill development needs and asks you to consider your personal impact on your organization’s performance.
Thanks in advance for completing and submitting this LDP. I believe it will be a useful tool for you as you move forward with your career.
Sincerely,
Becca
Attachments:
Leadership Development Plan
Submit your leadership development plan to the dropbox located in the final step of this project. Satisfactory completion of both the skills gap analysis and leadership development plan are required to pass this project.
Tip
The culmination of this project and your UMGC MBA capstone is an important benchmark in your career development. Transitions like this one are opportune moments to update your professional resume. Remember to keep your resume up to date as you achieve other important milestones throughout your career.
For help with resumes and cover letters, keep in mind that University of Maryland Global Campus Career Services is an effective resource.
The next step provides recommended delivery dates and file-naming protocols for Project 4 deliverables.