[Solved] Deliverable 03 – Strategic Mind Map

Assignment Prompt & Instructions

[>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)

#### **Competency**

Evaluate business models that organizations utilize to effectively implement strategies.

##### **Student Success Criteria**

View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the _Details & Information_ pane.

##### **Scenario**

You have decided to open an ice cream shop and move your home-based business into a storefront. Recently, you met with SBA National, a non-profit that focuses on helping entrepreneurs start their businesses with funding and guidance. The non-profit also hosts a business pitch competition for anyone who is a client. One of the requirements of the SBA business pitch competition is that each participant must fill out a **Strategic Mind Map** to capture the strategic plans for your business.

##### **Instructions**

Fill in the following details for your ice cream shop business using the Strategic Mind Map template by adding text boxes adjacent to the identified categories:

**MAN6500-Mind-Map-Comp3 NEW Accessibility Edited.docx**

– Define your **business model**
– Identify your **strategic position** in the market
– Provide 3 examples of internal factors **(IFE)** and 3 examples of external factors **(EFE**) that effect or could impact your ice cream shop.
– Describe your **short**(1 year from now) and **long-term goals** (5 years from now).
– **Execution steps** for your plan (Define 3 steps (in priority order) you would take to launch your business).
– Provide at least 3 Measurable **Key Performance Indicators**.

In the same Word document as the template (or copy and paste the template into a new Word document), complete the following:

– Describe how your ice cream shop will use each of the categories listed in the strategic mind map.
– Based on your analysis and research, make a recommendation on how you could use this information presented in the mind map in your proposal.
– Provide attribution for credible sources.

Rubric:

**A – 4 – Mastery**

Comprehensive definition of the business model.

**A – 4 – Mastery**

Comprehensive identification of the strategic position in the market.

**A – 4 – Mastery**

Comprehensive identification and 3 examples of internal factors (IFE) and 3 examples of external factors (EFE) that effect or could impact your ice cream shop.

**A – 4 – Mastery**

Comprehensive identification of short and long-term goals.

**A – 4 – Mastery**

Comprehensive execution steps for the plan that defined 3 steps in priority order you would take to launch your ice cream shop business.

**A – 4 – Mastery**

Comprehensively provided at least 3 Measurable Key Performance Indicators.

**A – 4 – Mastery**

Comprehensive description of how your ice cream shop will use each of the categories listed in the strategic mind map.

**A – 4 – Mastery**

Comprehensive recommendation based on analysis and research on how you could use the mind map in your proposal.

**A – 4 – Mastery**

Comprehensive attribution for credible sources.

– 2 years ago