Module 5: Activity 5

Subject: Business Plan Preparation

Name: Jan Francis Mariano

Section: BSENT 3-3
Assignment No.: 5
Deadline: May 6, 2022
Cut-off Time: 9:00 PM

Module 5
1. What is Operations plan?
The Operations plan describes how you will run your business and deliver
value to your customers. Operations is defined as the processes used to deliver
your products and services to the marketplace. The objective is to decide how
you can use operations to gain a competitive advantage.

2. What are the scopes of operations?

The scopes of operations Order size, Lead time, Communications, Intellectual Property, Exchange
rate
3. Explain the concepts of costs and expenditures.

The concepts of costs and expenditures that here are several key decisions that you will have to
make that have an impact on the profitability and cash flow. Briefly describe what assumptions you
have made. These expenses need to be included in the Cost of Revenue and Working Capital
sections of the Financial Plan. Materials Cost determine what materials you need to purchase and
estimate the cost per unit. Identify the key vendors, suppliers, strategic partners, and associates.
Labor cost determine your manpower requirements to produce and deliver the product/service. What
types of employees are needed (skilled, technical, supervisory, manual, etc. Production and Service
Capacity based on your sales forecast, estimate how much production or service capacity is
required over the next five years. This is usually expressed as a rate per hour, day, week, month or
year. For example, 1,000 bicycles per month or 150 meals per day for a restaurant.

4. What is a developmental plan?

Developmental plan documents the goals, required skill and competency development, and
objectives a staff member will need to accomplish in order to support continuous improvement and
career development.
5. What is a management plan?
The Management plan has he purpose to convince the
reader that you have a great management team to complement a great business
concept. This is not the place for modesty or self-deprecation. Be honest, but
highlight your accomplishments and your capabilities while mitigating any
obvious shortcomings or weaknesses. For example, if you are young and
inexperienced, describe how you will mitigate this by hiring people with the
relevant experience; or by recruiting strong board members or advisors. When
readers are finished with this section. you want them to be confident that your
venture is in good hands and will be competently managed.

6. What is the importance of having a table of organization?

An organizational chart is a diagram that visually conveys a company's internal structure by detailing
the roles, responsibilities, and relationships between individuals within an entity. Organizational
charts are alternatively referred to as "org charts" or "organization charts."
7. Explain competitive advantage.
Competitive advantage focuses on the results primarily from an inability or
unwillingness to look honestly at the competitive environment. If you have
conducted an industry analysis as suggested in this Plan, then you should be in a
good position to define your competitive advantage.
A second reason this is difficult is that by virtue of you being successful you will
create competitors. And, they will certainly appear, as prove that there is a
market and shown the competitors how to do it. How will you sustain your
competitive advantage when strong competitors appear?

8. Differentiate the following: a) Strong competitive advantages, b) Credible competitive

advantages, c) Difficult competitive advantages.
The difference between Strong competitive advantages, Credible competitive advantage and Difficult
competitive advantages are Strong Competitive Advantages focuses on Intellectual property,
Agreements with customers or suppliers, Long term contracts. Credible Competitive Advantages
cover Control of costs, Control of prices, Location, World class management and Expertise while
Difficult Competitive Advantages contains First to market, Development lead time, Brand, Quality,
Service, Execution, Relationships