Unit 8 Assignment Scenario: Your strategic business plan is coming due for submission to the group of angel investors funding the development of your virtual business, and they are looking forward to...

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Unit 8 Assignment Scenario: Your strategic business plan is coming due for submission to the group of angel investors funding the development of your virtual business, and they are looking forward to reviewing it. Virtual Business = Sustainabili Ts At Sustainabili Ts we are committed to creating unique and customizable designs for all apparel needs. We guarantee that our apparel is made from quality materials with a less negative impact to the environment than most companies. All employees are treated as equals and receive fair pay and work in above standard conditions. All products are made in the United States. The brand is called Sustainabili Ts. Directions for Assignment, see below…. · Determine performance milestones and design key metrics to measure success · Develop a service blueprint to map the customer relationship and transaction process and explain the map’s significance · As senior partners in the virtual business, determine compensation packages for each virtual team member (James Confiliano, Janice Gissendiner, Ben Cowan, and Ryan Gauthier) and recommend an equity structure in partnership with the angel investors for your virtual business · Determine the return on investment for any angel investor and virtual team member funding
Answered 2 days AfterJan 04, 2021

Answer To: Unit 8 Assignment Scenario: Your strategic business plan is coming due for submission to the group...

Shefali answered on Jan 06 2021
143 Votes
Running Head: UNIT 8 ASSIGNMENT        1
UNIT 8 ASSIGNMENT        6
UNIT 8 ASSIGNMENT
Table of Contents
Performance Milestones and Designing Key Metrics to
Measure Success    3
Performance Milestones    3
Metrics    3
Service Blueprint to Map Customer Relationship and Transaction Process and Map’s Significance    3
Compensation Packages for Each Virtual Team Member and Equity Structure    4
Compensation Packages    4
Equity Structure    4
Return on Investment (ROI) for Any Angel Investor and Virtual Team Member Funding.    5
References    6
Performance Milestones and Designing Key Metrics to Measure Success
When one enters in a business of apparels, it not need to only focus on fashion, which is the core business but also on the ways to grow the business and succeed. The competition existing in the fashion industry is stiff. Hence, one need to design performance milestones in a unique manner and after complete research of the industry (Weber, 2019).
Performance Milestones
i. Consumer Trends: Sustainabili Ts needs to carefully analyze what the customer wants. They need to stay updated with the external environment and accordingly make the changes in business
ii. Brand Recognition: If the brand is recognized in the market, it will help the Sustainabili Ts to grow. It is one of the important fashion goals. The brand help in attracting the customers and gains competitive advantage.
Metrics
    The metrics that can be used to measure success is level of employee satisfaction,...
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