MBA 705 Milestone Two Guidelines And Rubric

MBA 705 Milestone Two Guidelines And Rubricinmilestone Two You Will S

In Milestone Two, you will submit an implementation plan, which is a clear and comprehensive plan for implementing and managing the concept from inception to completion. Your plan should include the following elements:

• Physical and technological resources needed for the concept, including their sources and how they will reduce costs or improve operations. Justify why certain resource options are preferable.
• A detailed implementation schedule outlining tasks, deadlines, and responsible parties. The schedule should highlight the critical path and task dependencies.
• Project review processes and success indicators to ensure the project remains on track.
• An explanation of how intrapreneurship or entrepreneurship influences the plan's implementation, including strategies for protecting intangible assets such as intellectual property and brand.

Ensure your draft covers all these elements comprehensively, is 5-7 pages long (excluding title page, references, and appendices), formatted in 12-point Times New Roman font with one-inch margins. Include relevant visuals like charts or diagrams, reserving detailed documentation for appendices. Follow APA guidelines for formatting and citations, and incorporate at least five scholarly sources, citing them appropriately within the text and on the reference page.

Paper For Above instruction

The successful implementation of a business concept requires meticulous planning, resource management, and strategic foresight. This paper delineates a comprehensive implementation plan that addresses critical components necessary for transforming an innovative idea into a functional and sustainable operation. Drawing upon current best practices and scholarly insights, the plan emphasizes resource allocation, scheduling, evaluation processes, and the strategic role of intrapreneurship and entrepreneurship in safeguarding proprietary assets and fostering growth.

Resource Identification and Management

A fundamental aspect of the implementation plan involves identifying the physical and technological resources essential for executing the concept. These resources encompass raw materials, equipment, technological infrastructure, and human capital. For example, if introducing a new manufacturing process, sourcing state-of-the-art machinery from reputable suppliers ensures operational efficiency. Cost-effectiveness and quality are critical criteria; choosing between local vendors and international suppliers involves analyzing factors such as price, delivery times, and after-sales support. Justification of resource choices must weigh benefits like reduced operational costs, improved product quality, and scalability. For instance, opting for a cloud-based IT infrastructure may reduce upfront costs and enhance scalability compared to traditional servers, aligning with the goal of operational flexibility.

Implementation Schedule and Task Dependencies

A detailed schedule forms the backbone of the implementation plan, stipulating what needs to be accomplished, by when, and by whom. Utilizing project management tools like Gantt charts facilitates visualization of task timelines and interdependencies. Critical path analysis helps identify the sequence of tasks that directly impact project completion; delays in these tasks could jeopardize the entire initiative. For example, procurement of equipment must precede installation, which in turn precedes testing and training. Responsibilities are assigned based on skills and department functions, with milestones marking key phases. This structured schedule enables proactive management and ensures accountability, critical for timely delivery and resource optimization.

Review and Success Indicators

Continuous project review processes are vital for maintaining progress toward objectives. Regular meetings, progress reports, and key performance indicators (KPIs) such as cost variance, schedule adherence, quality benchmarks, and stakeholder satisfaction enable timely adjustments. Benchmarks must be established upfront—for instance, achieving a 10% reduction in processing time or a 15% decrease in waste within the first quarter of implementation. These metrics serve as indicators of success, providing tangible evidence of progress and areas requiring improvement. An effective review mechanism fosters transparency and enables dynamic adaptation to unforeseen challenges.

Role of Intrapreneurship and Entrepreneurship

The integration of intrapreneurship and entrepreneurship principles significantly influences the implementation strategy. Intrapreneurs act as innovation champions within established organizations, fostering a culture that encourages creative problem solving and risk-taking. Embedding intrapreneurial mindset promotes agility and responsiveness, which are crucial in dynamic markets. Additionally, protecting intangible assets such as intellectual property (IP) and brand reputation is pivotal. Strategies include patent protections, trademarks, nondisclosure agreements, and copyright laws. Ensuring IP rights are secured provides competitive advantage and mitigates risks associated with imitation and infringement. Fostering an entrepreneurial culture also invites stakeholder innovation, potentially accelerating project success and market penetration.

Conclusion

Effective implementation planning is essential for translating innovative concepts into operational realities. By meticulously managing resources, adhering to detailed schedules, monitoring progress through review processes, and leveraging entrepreneurial principles, organizations can enhance their chances of success. The strategic protection of intangible assets further ensures sustainable growth and competitive advantage. This comprehensive approach not only facilitates project completion but also fosters a culture of continuous improvement and innovation, positioning organizations for long-term success in an increasingly competitive landscape.

References

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• Kerzner, H. (2017). Project management: A systems approach to planning, scheduling, and controlling. Wiley.
• Olson, E. M., & Wu, L. (2017). Creating a culture of intrapreneurship. Strategic Entrepreneurship Journal, 11(3), 237-253.
• Shane, S., & Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of Management Review, 25(1), 217-226.
• Tidd, J., & Bessant, J. (2018). Managing innovation: Integrating technological, market and organizational change. Wiley.
• Williams, L. (2013). Protecting your intellectual property: A guide for startups. Harvard Business Review, 91(3), 15-17.
• Cooper, R. G., & Edgett, S. J. (2010). Winning in and winning with: Insights from the product innovation field. Research-Technology Management, 53(2), 44-51.
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