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91
7. Recruiting is taken very seriously, with multiple interviews in
an effort to find traits that fit the culture.
8. Recruits are given negative as well as positive information
about the company so they can freely choose whether to join.
9. Employees are expected to acquire real knowledge and mas-
tery – not political alliances- before they can be promoted.
10. Company values emphasize what the company must do well
to succeed in a changing environment.
11. Conformity to a company mission and values is more impor-
tant than conformity to procedures and dress.
12. You have heard stories about the company's leaders or heroes
who helped make the company great.
13. Ceremonies and special events are used to recognize and re-
ward individuals who contribute to the company in significant ways.
Total: _______________________________________________
Compute your total score.
If your total score is 52 or above, your organization has a strong
culture.
A score from 26 to 51 suggests a culture of medium strength,
which is positive for the organization.
A score of 25 or below indicates a weak culture, which is proba-
bly not helping the company adapt to the external environment or meet
the needs of organization members.
*What are the pros and cons of a strong culture?
**Does a strong culture mean that everyone has to be alike?
Source: Richard Daft. Management, 4
th
edition, 1997. p. 100.
Executive Summary
Most important section.
Must entice reader / listener to want to know more about what
makes the venture worthy of support.
Prepare it after you have prepared the rest of your plan.
Objective:
– To get the reader to keep on reading.
– To highlight the most significant points of each section clearly
and concisely.
– To demonstrate clarity of management objectives.
– To show opportunity.
92
Concept:
– Why is this plan worth pursuing (first to introduce this product
in Russia, customer demand being generated from market research,
etc.)? What is so attention-grabbing about this plan? What is your edge?
– What is the nature of the business: type / industry, state of operation,
goals reached and the results (sold x amount of...)?
– What is the business status? (start-up, takeover, expansion, cash
flow shortage, etc.) What stage is your plan in (research & develop-
ment, prototype, operational) How long has the business been operating
(or been in development)?
– What will be the form of organization (sole proprietorship,
partnership, limited partnership, non-profit / charity / NGO, corpora-
tion, etc.)?
– Where will the business be located?
– What is advantageous about this location?
What type of venture
(new idea) is this (merchandising, manufacturing, distribution, service)?
Product / Service:
– What products / services will it offer?
– Why are they unique?
– Do they solve a significant problem?
– Do they address a major opportunity?
Market:
– Who and what is the target market?
– What percent of the available market will you obtain?
– What is your plan and strategy for entering the market? Where
and how will you sell your product (your own outlets, other outlets)?
– Who is the competition?
– What are their strengths and weaknesses?
– What is their market share?
Manufacturing / Operations
What are the processes involved in producing your product and
getting into the marketplace? What areas of specialization and technol-
ogy have you pioneered in the production of the product? Do you plan
to subcontract or license manufacturing/operations? Under what ar-
rangement and why is this advantageous?
7. Recruiting is taken very seriously, with multiple interviews in Concept: an effort to find traits that fit the culture. – Why is this plan worth pursuing (first to introduce this product 8. Recruits are given negative as well as positive information in Russia, customer demand being generated from market research, about the company so they can freely choose whether to join. etc.)? What is so attention-grabbing about this plan? What is your edge? 9. Employees are expected to acquire real knowledge and mas- – What is the nature of the business: type / industry, state of operation, tery – not political alliances- before they can be promoted. goals reached and the results (sold x amount of...)? 10. Company values emphasize what the company must do well – What is the business status? (start-up, takeover, expansion, cash to succeed in a changing environment. flow shortage, etc.) What stage is your plan in (research & develop- 11. Conformity to a company mission and values is more impor- ment, prototype, operational) How long has the business been operating tant than conformity to procedures and dress. (or been in development)? 12. You have heard stories about the company's leaders or heroes – What will be the form of organization (sole proprietorship, who helped make the company great. partnership, limited partnership, non-profit / charity / NGO, corpora- 13. Ceremonies and special events are used to recognize and re- tion, etc.)? ward individuals who contribute to the company in significant ways. – Where will the business be located? Total: _______________________________________________ – What is advantageous about this location? What type of venture Compute your total score. (new idea) is this (merchandising, manufacturing, distribution, service)? If your total score is 52 or above, your organization has a strong Product / Service: culture. – What products / services will it offer? A score from 26 to 51 suggests a culture of medium strength, – Why are they unique? which is positive for the organization. – Do they solve a significant problem? A score of 25 or below indicates a weak culture, which is proba- – Do they address a major opportunity? bly not helping the company adapt to the external environment or meet Market: the needs of organization members. – Who and what is the target market? *What are the pros and cons of a strong culture? – What percent of the available market will you obtain? **Does a strong culture mean that everyone has to be alike? – What is your plan and strategy for entering the market? Where Source: Richard Daft. Management, 4th edition, 1997. p. 100. and how will you sell your product (your own outlets, other outlets)? – Who is the competition? Executive Summary – What are their strengths and weaknesses? Most important section. – What is their market share? Must entice reader / listener to want to know more about what makes the venture worthy of support. Manufacturing / Operations Prepare it after you have prepared the rest of your plan. What are the processes involved in producing your product and Objective: getting into the marketplace? What areas of specialization and technol- – To get the reader to keep on reading. ogy have you pioneered in the production of the product? Do you plan – To highlight the most significant points of each section clearly to subcontract or license manufacturing/operations? Under what ar- and concisely. rangement and why is this advantageous? – To demonstrate clarity of management objectives. – To show opportunity. 91 92
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