- Create an operations plan for your NAB company using the template in the text as a guide (p. 214 | Operations Plan Preparation Form). Extract appropriate information from the NAB Company Portfolio, where applicable. Other required items in the template should be filled in using your personal preferences.
- Note: Most of the research pertaining to the hints provided here can be found in the NAB company portfolio.
- Hints: Consider whether you will rent or buy your facilities or outsource production to an existing company.
- Hints: One of your biggest expenses as a startup non-alcoholic beverage company will be transitioning from a small-batch prototype of your beverage to production on a large scale. Research the equipment you will need (vats, refrigerators, burners, ovens, bottling equipment, and so on), whether you will rent or buy, how you will maintain and clean the equipment, and so forth. Consider how you will ensure quality control. What capacity do you intend to reach?
- Hints: Deliberate your inventory control. Where do your supplies come from and what is your turnaround time to produce your beverage once you have received an order?
- Hints: Consider your distribution method. Refer back to your notes for the SWOT analysis assignment in Week 2 of the class.
- Hints: How will you stay abreast of new developments in your industry? What new products do you have in development now, in addition to your flagship product?
- Describe your research and development activities and explain how they will contribute to the company.
- Hints: Consider the type of technology your company will use to conduct the following activities: managing personnel; taking, fulfilling, and tracking orders; managing inventory; communicating with customers and providing customer service; and producing your beverage.
- Create a management plan for your NAB company using the template in the text as a guide (p. 248 | Management Plan Preparation Form). Extract appropriate information from the NAB Company Portfolio, where applicable. Other required items in the template should be filled in using your personal preferences.
- Using the flow charts on page 242 as a guide, outline your company’s management hierarchy. Note: Charts or diagrams must be imported/included in the MS Word document.
- Describe the ways in which your company is committed to being a good corporate citizen.
- Hints: Consider the following areas:
- Creating jobs
- Following the laws of every jurisdiction in which your company operates
- Fair and honest treatment of employees
- Non-discrimination of employees and increasing diversity of your work force
- Hints: Consider the following areas:
- Hints: If your company is designed as a social venture—in which you have a primary purpose of achieving a social or environmental goal—describe what that goal is and what aspects of your company are designed to reach that goal. Provide a rationale for why you have or have not chosen this to be a social venture.
- Hints: As a beverage company, consider such issues as your choice of packaging, disposal of bottles/packages by consumers, and your use of resources, such as water in areas where water may be scarce.