Week 2 Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business

Week 2 Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business

Write a 1,400- to 1,750-word paper in which you explain the importance of innovation in your selected business’s vision, mission, and values, and determine your business model for this new division. Include the following:

Propose a new product or service for the new company division. The division should be customer-focused with an innovative mission statement. Ensure that you are differentiating your product or service.

Describe how the division addresses customer needs and achieves competitive advantage.

Create a vision and a business model for this new division that clearly demonstrates your decision on what you want your business to become in the future.

Explain how the vision, mission, and value of the new division align with the company’s mission and vision.

Summarize how the vision, mission, and values guide the division’s strategic direction.

Define your guiding principles and values for your division in the context of culture, social responsibility, and ethics.

Format your paper consistent with APA guidelines.

Click the Assignment Files tab to submit your assignment.

Introduction Mission, vision, and value documents offer guidance theories to make organization’s strategic plan. Companies make their corporate, business, and tactical strategies as well as goals.

The provided document gives a comprehensive research on the mission and vision statements of Ace Gym and how are these documents useful in developing the company unique and effective from its rivals.

It will additionally spotlight key values through mission and vision declaration. These values assist in leading the strategies and therefore increase earnings, sustain edge against your competitors and satisfy stakeholders.

Analysis The business plan entails establishing a web based Gym, called Ace Gym.

This IT based company provide useful services at a cost of $ 1 a month for daily fitness regime personalized to customer requirements. The offer will also incorporate interactive classes with a teacher who will make a physical fitness and health program for you on information gathered from the customers.

Then teacher will monitor the diet plan and exercise plan through an automatic attendance system. Mission Statement

 Industry: Online Service Industry with Expertise in IT as well as Health  Product: None  Service: Physical fitness and health guidance on weight exercise diet plans, as well as health supplements.

 Customers: Health conscious or fitness freaks people because of hectic schedules are not able to enroll in actual gymnasiums therefore by making use of internet they seek and get physical fitness and health guidelines.

Conceptualizing a Business 3 The mission statement of Ace Gym will steer in the direction of general aim of the organization, regarding what item they will deal in, who will be the projected audience of the Gym, why and how will this be per

Week 2 Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business
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