Vision, mission, business plan (cont.)

Corporate Vision may contain commitment to:

service outstanding shareholders

- creating an _____________ value for ______________ and other stakeholders

- developing a great new product or _____________

- developing a great company

Corporate Vision may contain commitment to:

- creating an outstanding value for consumers and other stakeholders

- developing a great new product or service

- developing a great company

markets purpose public products

At its most basic, the mission statement describes the overall __________ of the organization.

When wording the mission statement, consider the organization’s ___________, services, ___________, values, and concern for ___________ image, and maybe priorities of activities for survival.

At its most basic, the mission statement describes the overall purpose of the organization.

When wording the mission statement, consider the organization’s products, services, markets , values, and concern for public image, and maybe priorities of activities for survival.

Business PlanA written report stating a company’s p_ _ _s

regarding s_ _ _s , product d_ _ _ _ _ _ _ _ _ _, financing.

Business PlanA written report stating a company’s plans

regarding sales , product development, financing.

http://www.bizplancompetitions.com/

http://www.estudent.hr/bpc/business-plan-contest-2013

http://www.ukbusinessangelsassociation.org.uk/

http://www.crane.hr/

HW check: MK p 78 Reading & ordering

Business PlanHW check, MK p 78 Reading + Vocabulary, p 79

1 Executive summary2 Market opportunity3 Product or service Standard order, but4 Customer profile 4 - 9 may appear in5 Competition different positions6 Competitive advantage7 Management team8 Implementation plan9 Financial analysis10 Appendix or Appendices

→ Vocabulary 1 & 2

Role play: Investing in start-upsWho are you?

What is your task?

Which questions do you have to consider?

How many sectors do you have to choose?

Where is the list of sectors?

Role play: Investing in start-ups• Discuss the following to pick 3 companies:1 Which industry/industries do you think you should invest in?

2 Which industries have the most potential?

3 Which industries or technologies probably present the fewest risks?

4 Which domestic industries have expertise or competitive advantage?

5 Which industries / technologies are sustainable?

Prepare a strategy & present it to other teams!

HW: Research the industry/sector assigned to your team and get ready to briefly present the latest developments (on Thursday/Friday).