Week 7: Business Plan Assignment

Start Assignment

  • Due Sunday by 11:59pm
  • Points 200
  • Submitting a file upload

Purpose

The purpose of this assignment is to develop a business plan for a quality improvement project, program, or service related to an area of student interest within the selected healthcare organization.

NR533 Week 7: Business Plan Assignment Guidelines and Rubric (Links to an external site.)

NR533 Week 7: Business Plan Assignment Worksheet (Links to an external site.)

Due Date

Sunday 11:59 p.m. MT at the end of Week 7

Students are given the opportunity to request an extension on assignments for emergent situations. Supporting documentation must be submitted to the assigned faculty. If the student’s request is not approved, the assignment is graded and a late penalty is applied as follows:

  • Monday = 10% of total possible point reduction
  • Tuesday = 20% of total possible point reduction
  • Wednesday = 30% of total possible point reduction

If the student’s request is approved, the student will be informed of the revised due date. Should the student fail to meet the revised due date, the assignment is graded and a late penalty is applied as follows:

  • Monday = 10% of total possible point reduction
  • Tuesday = 20% of total possible point reduction
  • Wednesday = 30% of total possible point reduction

Total Points Possible: 200

Requirements

  1. Address all components of the business plan as outlined in Preparing the Paper.
  2. Use the Business Plan Worksheet at least weekly to collect information necessary for writing the plan. It can be downloaded from the Week 7 assignment page. You will be required to submit this completed document with your Week 7 assignment.
  3. This paper will be graded on quality and completeness of information, accuracy of any required calculations, use of citations, use of standard English grammar, sentence structure, and organization based on the required components.
  4. Create this assignment using Microsoft Word, which is the required format for all Chamberlain documents. You can tell that the document is saved as an MS Word document because it will end in .docx.
  5. Use of Turn It In is used for this assignment and is part of the submission into the assignment portal.
  6. Submit the final paper by Sunday 11:59 p.m. MT. Any questions about this paper may be discussed in the weekly Q & A forum or reach out to faculty.
  7. The length of the paper is to be no greater than seven pages excluding the appendices, title page, and reference page. Your business plan worksheet should be included in the appendices section.
  8. Remember that the introduction does not require a heading and no running heads are used. Times New Roman Font- 12-point and one-inch margins on all sides of page are required format. You may also refer to Guidelines for Writing Professional Papers found in the Student Resource Center.
  9. A complete paper will contain all components outlined under Preparing the Paper.

Preparing the Paper

A business plan is a detailed plan for a proposed program, project, or service.

The following outline should be used with level I and II headings as required. A template for the cover letter is provided below. Remember, there is no heading used for the introduction section.

  1. Introduction
    1. Purpose of assignment
    2. PICOT
    3. Purpose of business plan
    4. What will be included
  2. Business Plan Proposal
    1. Cover letter
    2. Executive Summary
  3. Detailed Abstract
    1. Expanded description of project
      1. Issue/problem defined
      2. Supportive evidence for the project
      3. Expected outcomes and timeline
      4. Details of the project plan
      5. Market analysis
        1. SWOT
        2. Fit with organizational mission
        3. Fit with current service
      6. Marketing and financial plans
        1. Marketing plan strategies (2)
        2. Financial analysis
          1. Financial Plan (including budgetary needs)
          2. Financial impact on stakeholders
          3. Break-even and/or cost-benefit analysis results
        3. Appendices (documents referred to in the plan)
          1. SWOT analysis
          2. Financials
            1. Budget
            2. Break-even analysis
            3. Cost-benefit analysis
          3. Graphs/charts
          4. Business Plan Worksheet
        4. Conclusion
          1. Summary of what was covered in the assignment
          2. Strengths and weaknesses of the plan

Approach for approval

  1. Clearly introduce your business-plan assignment in the Introduction section. This should be no longer that one paragraph. Include the purpose of your assignment, PICOT as basis and purpose for the business plan; and what will be covered in the assignment.
  2. Include a clearly articulated cover letter written in business letter format, active voice, and exactly as it would be read by leadership. Include overview of issue, proposed solution, and action request.  There should be no other content on this page except for the business letter.The template to use is as follows:Cover LetterYour nameYour addressDateName of receiverAddress of receiverDear Mr/Ms/Dr. nameIn the business letter one paragraph would be an overview the issue, its impact, and solution. Give enough information so they know what you are doing. Do not need references in letter.Another paragraph would engage the reader to take action such as leaving your phone number and letting the person know that if they have questions to please each out to you.Or thanking them for reading and tell them you look forward to hearing from them.Sincerely,Your name
  3. Present a captivating executive summary that is interesting and captures the interest of leadership and draws them in to read further. Content includes (1) a description of the proposed project, program, or service, (2) why it is being proposed, and (3) what impact and outcomes are most likely to occur as a result.
  4. Detailed Abstract expands the executive summary. Use detailed outline above to ensure adequate inclusion of all elements..
  5. Appendices should include any financial tables, charts, or graphs, or other supporting documents referred to in the detailed abstract. The business plan worksheet should be included in the appendices.
  6. Conclusion for the paper includes an overview of what was covered in the paper, strengths and weaknesses of the plan, and plan for seeking proposal approval.
  7. The paper length will be seven pages maximum including the appendices and excluding title and reference page(s).Note: After submitting your assignment, please upload your completed executive summary into the Week 8 designated Discussion to share with your peers.
  8. Title and reference page(s) must be in APA format (6th edition).
  9. Use 12-point Times New Roman font and one-inch margins on all sides of the paper.
  10. Note: After submitting your assignment to Files, please upload your completed executive summary into the Week 8 designated Discussion to share with your peers.

Rubric

Week 7: Business Plan Rubric (NOV18)

Week 7: Business Plan Rubric (NOV18)

CriteriaRatingsPts

This criterion is linked to a Learning OutcomeIntroduction

20 pts

All components of introduction are clearly and specifically articulated. 1. Purpose of assignment 2. Purpose of business plan 3. PICOT clearly stated 4. What will be included in the paper

15 pts

Three of four components of introduction are clearly and specifically articulated. 1. Purpose of assignment 2. Purpose of business plan 3. PICOT clearly stated 4. What will be included in the paper

10 pts

Two of four components of introduction are clearly and specifically articulated. 1. Purpose of assignment 2. Purpose of business plan 3. PICOT clearly stated 4. What will be included in the paper

5 pts

Only one component of introduction is clearly and specifically articulated. 1. Purpose of assignment 2. Purpose of business plan 3. PICOT clearly stated 4. What will be included in the paper

20 pts

This criterion is linked to a Learning OutcomeProposal

Cover Letter and Executive Summary

10 pts

Cover Letter: All components of cover letter are clearly and accurately presented 1. Cover letter in business letter format; 2. Brief overview of issue and solution; 3. Engages reader to take action

7 pts

Cover Letter: Two of three components of cover letter are clearly and accurately presented 1. Cover letter in business letter format; 2. Brief overview of issue and solution; 3. Engages reader to take action

4 pts

Cover Letter: One of three components of cover letter are clearly and accurately presented 1. Cover letter in business letter format; 2. Brief overview of issue and solution; 3. Engages reader to take action

0 pts

Cover Letter: No components of cover letter are clearly and accurately presented. 1. Cover letter in business letter format 2. Brief overview of issue and solution 3. Engages reader to take action

10 pts

This criterion is linked to a Learning OutcomeProposal Executive Summary

20 pts

Executive Summary: All components of executive summary are clearly and accurately presented. 1. Executive summary engages reader’s interest in project. 2. Provides summary of project a. purpose, b. outcomes, and c. marketing and financial summaries.

15 pts

Executive Summary: Three of four components of executive summary are clearly and accurately presented. 1. Executive summary engages reader’s interest in project. 2. Provides summary of project a. purpose, b. outcomes, and c. marketing and financial summaries.

10 pts

Executive Summary: Two of four components of executive summary are clearly and accurately presented. 1. Executive summary engages reader’s interest in project. 2. Provides summary of project a. purpose, b. outcomes, and c. marketing and financial summaries.

5 pts

Executive Summary: Only one component of executive summary is clearly and accurately presented. 1. Executive summary engages reader’s interest in project. 2. Provides summary of project a. purpose, b. outcomes, and c. marketing and financial summaries.

20 pts

This criterion is linked to a Learning OutcomeDetailed Abstract Full description of project proposal

75 pts

All components are clearly and completely articulated. 1. Expand description of project purpose 2. Issue/problem defined 3. Supportive evidence for project 4. Expected outcomes from project and timeline 5. Marketing/needs analyses and plans included 6. Fit with mission of organization 7. Fit with current services 8. Financial plan including budgetary needs 9. Financial impact on stakeholders 10. Break-even and Cost/benefit analysis results

68 pts

8 to 9 components are clearly and completely articulated. 1. Expand description of project purpose 2. Issue/problem defined 3. Supportive evidence for project 4. Expected outcomes from project and timeline 5. Marketing/needs analyses and plans included 6. Fit with mission of organization 7. Fit with current services 8. Financial plan including budgetary needs 9. Financial impact on stakeholders 10. Break-even and Cost/benefit analysis results

60 pts

6 to 7 components are clearly and completely articulated. 1. Expand description of project purpose 2. Issue/problem defined 3. Supportive evidence for project 4. Expected outcomes from project and timeline 5. Marketing/needs analyses and plans included 6. Fit with mission of organization 7. Fit with current services 8. Financial plan including budgetary needs 9. Financial impact on stakeholders 10. Break-even and Cost/benefit analysis results

45 pts

5 or less components are clearly and completely articulated. 1. Expand description of project purpose 2. Issue/problem defined 3. Supportive evidence for project 4. Expected outcomes from project and timeline 5. Marketing/needs analyses and plans included 6. Fit with mission of organization 7. Fit with current services 8. Financial plan including budgetary needs 9. Financial impact on stakeholders 10. Break-even and Cost/benefit analysis results

75 pts

This criterion is linked to a Learning OutcomeAppendices

25 pts

All required supporting documents are included and accurately presented. Required: 1. Business plan worksheet 2. Budget 3. Break-even analysis 4. Other charts, tables, referred to in plan

15 pts

Three of four required supporting documents are included and accurately presented. 1. Business plan worksheet 2. Budget 3. Break-even analysis 4. Other charts, tables, referred to in plan

10 pts

Two of four required supporting documents are present and accurately presented. 1. Business plan worksheet 2. Budget 3. Break-even analysis 4. Other charts, tables, referred to in plan

5 pts

Only one of four required supporting documents is present and accurately presented. 1. Business plan worksheet 2. Budget 3. Break-even analysis 4. Other charts, tables, referred to in plan

25 pts

This criterion is linked to a Learning OutcomeConclusion

25 pts

All required components for conclusion are clearly and accurately presented. 1. Concluding statements that include what was covered in the assignment 2. Two strengths and two weaknesses of the plan are described 3. Strategy for obtaining project approval

15 pts

Two of three required components for conclusion are clearly and accurately presented. 1. Concluding statements that include what was covered in the assignment 2. Two strengths and two weaknesses of the plan are described 3. Strategy for obtaining project approval

10 pts

One of three required components for conclusion are clearly and accurately presented. 1. Concluding statements that include what was covered in the assignment 2. Two strengths and two weaknesses of the plan are described 3. Strategy for obtaining project approval

0 pts

All required components for conclusion are missing, inaccurate, or unclearly written. 1. Concluding statements that include what was covered in the assignment 2. Two strengths and two weaknesses of the plan are described 3. Strategy for obtaining project approval

25 pts

This criterion is linked to a Learning OutcomePaper Format

15 pts

All formatting elements are present with two or less errors. 1. Text, title page, headings, and references 2. Headings label follow required outline 3. All ideas and information from other sources are cited correctly 4. Page length within seven-page limit

10 pts

Formatting elements are mostly correct with three errors. 1. Text, title page, headings, and references 2. Headings label follow required outline 3. All ideas and information from other sources are cited correctly 4. Page length within seven-page limit

5 pts

Formatting elements are mostly correct with four errors. 1. Text, title page, headings, and references 2. Headings label follow required outline 3. All ideas and information from other sources are cited correctly 4. Page length within seven-page limit

0 pts

All formatting elements are present with five or more errors. 1. Text, title page, headings, and references; 2. Headings label follow required outline; 3. All ideas and information from other sources are cited correctly; 4. Page length within seven-page limit

15 pts

This criterion is linked to a Learning OutcomeWriting Conventions

10 pts

Rules of grammar, word usage, spelling, and punctuation are followed and contain two or fewer errors.

7 pts

Rules of grammar, word usage, spelling, and punctuation are followed and contain three errors.

5 pts

Rules of grammar, word usage, spelling, and punctuation are followed and contain four errors.

0 pts

Rules of grammar, word usage, spelling, and punctuation are followed and contain five or more errors.

10 pts

This criterion is linked to a Learning OutcomeLate Deductions

0 pts

0 pts lost – submission met deadline

0 pts

Student does not meet the deadline for submission 10% per day up to 30% total (3-days)

0 pts

Total Points: 200

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