hello, this is piggybacking on the last assignment which you did great on by the way. ive attached this chapters readings as well.No entrepreneur succeeds alone. While a venture may begin with a single founder’s vision, its transformation from an idea into a sustainable reality is fundamentally a team effort. As the course materials highlight, even a solo inventor requires a network of contributorsa development team, a marketing team, and other specialiststo bring a product to market. This assignment focuses on the critical, early-stage task of planning your human capital. It is an exercise in moving from “I” to “we,” forcing you to assess your own skillset, identify the gaps, and strategically plan for the internal employees and external professionals needed to execute your business plan and manage growth effectively.
This process is about more than just filling positions on an organization chart; it is about intentionally designing the culture of your venture. The leadership values you establish and the management philosophy you adopt will shape the entire organization, creating the foundation for an ethical and productive workplace built on trust, respect, and responsibility. By defining the key roles, responsibilities, and professional advisors for your business, you are creating a crucial component of your operational plana roadmap that provides clarity for internal stakeholders and demonstrates foresight and credibility to external partners like investors, bankers, and mentors.
Learning Objectives
MLO5.1- Construct a foundational human capital plan for a new venture by identifying and justifying the key internal management roles and external professional advisors required for operational success.
CLO3- Demonstrate techniques of leadership and decision making.
Instructions
Follow these steps to complete the assignment. Your goal is to write a formal paper that outlines the management and advisory team for your specific business venture. This may be a combination of current and projected roles.
Step 1: Structure Your Paper Organize your paper using the following headings. If a heading is not applicable to your venture at this stage (e.g., Organization Chart for a solo founder), you may delete it.
Step 2: Detail Your Internal Team Under the following headings, describe the people who will run the company from the inside.
- Management Team: Describe your management philosophy. How will you create a safe, healthy, and productive workplace built on trust and respect? What human resources are necessary to operate the company now, and what key roles will you need to hire for as you scale the business?
- Organization Chart: (If applicable) Provide a visual chart that shows the reporting structure of your planned organization.
- Key Management Personnel: For each key founder or planned management role, provide a brief (1-2 paragraph) biography. This can be your own bio and/or bios for hypothetical team members. Focus on the key relevant skills and accomplishments that each person brings to the venture.
- Management Compensation and Ownership: Be specific about the planned compensation (e.g., salary, bonus structure) and the percentage of ownership for the key management personnel.
Step 3: Detail Your External Team Under the following headings, identify the outside professionals and advisors who will support your venture. It is acceptable to use “To Be Determined” if you have not identified a specific person or firm, but you should still describe the importance of the role.
- Professionals and Advisors
- Board of Directors: (If applicable) List the names and professions of your planned board members.
- Attorney: List the name, address, and contact information.
- Accountant: List the name, address, and contact information.
- Insurance Agent: List the name, address, and contact information.
- Banker: List the name, address, and contact information.
- Mentors and Key Advisors: List the names and professions of key individuals who will provide guidance.
Requirements
- Your paper must have a minimum word count of 1000 words.
- The paper must be written in a formal, professional tone.
- All sources used must be cited, and a full reference list must be included at the end of your paper in APA 7th edition format.
- Any content generated by an Artificial Intelligence (AI) model must be enclosed in parentheses. Following the content, you must include a citation in brackets that states the prompt you used and the Large Language Model (LLM) you used. For example: (An operational plan details the activities an entrepreneur-owner absolutely needs to do) [Prompt: “Define operational plan based on the provided text”, LLM: Gemini 2.5 Pro].
- Submit the final document as a Microsoft Word (.docx) or PDF file.
Requirements: 1000 words
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