5-1 Milestone Five: Assumption and Contingency Planning

Question

My business is offering Marketing, Promotion, and PR to record labels, artists, and musicians.

Instructions

Submit the assumptions and contingency planning, which includes your explanation of assumptions you have made in creating your business implementation plan, any factors that may affect those assumptions or the success of the project, and how you have planned for those contingencies. At a minimum, you should discuss any cross-cultural, economic, and geopolitical factors that may impact the business environment and concept; how you will ensure that the project operates in a legally and ethically compliant environment, including relevant laws, regulations, or patents or permits that may need to be obtained; plans for incorporating stakeholder and customer diversity into planning and implementation of the concept; and the role corporate social responsibility will play in the implementation of your concept.

Overview: For the capstone assessment, you will create a business implementation plan and audiovisual presentation for the product, service, or idea you have been developing throughout your MBA coursework.

In Milestone Five, you will submit the assumptions and contingency planning, in which you will clearly explain the assumptions you have made in creating your business implementation plan, any factors that may affect those assumptions or the success of the project, and how you have planned for those contingencies. At a minimum, you should discuss any cross-cultural, economic, and geopolitical factors that may impact the business environment and concept; how you will ensure that the project operates in a legally and ethically compliant environment, including relevant laws, regulations, or patents or permits that may need to be obtained; plans for incorporating stakeholder and customer diversity into planning and implementation of the concept; and the role corporate social responsibility will play in the implementation of you concept.

Critical Elements:

•  Explain the assumptions you have made in creating your business implementation plan, including a discussion of any factors that may affect the assumptions or success of the project, and how you have planned for those contingencies.
•  Discuss any cross-cultural, economic, and geopolitical factors that may impact the business environment and concept.
•  Explain how you will ensure that the project operates in a legally and ethically compliant environment, including relevant laws, regulations, or patents or permits that may need to be obtained.
•  Outline plans for incorporating stakeholder and customer diversity into the planning and implementation of the concept.
•  Discuss the role that corporate social responsibility will play in the implementation of your concept.

1. Guidelines for Submission: Your draft must contain all of the elements listed above. It should be 5 to 8 pages in length (excluding the title page, references, and appendices) using 12-point Times New Roman font, with one-inch margins. You may include summary pictures, charts, graphs, or other explanatory diagrams as needed to successfully explain the concept and implementation, but should use appendices for detailed supporting documentation. Your paper should follow APA guidelines. You must include at least 5 scholarly sources. Cite your sources within the text of your paper and on the reference page.

Critical Elements	Proficient (100%)	Not Proficient (0%)	Value
Main Elements	Includes most of the main elements	Does not include any of the main elements	15
Critical Thinking	Provides logical conclusions and defends with examples	Does not provide logical conclusions	15
Assumptions	Explains the assumptions behind the plan and includes a discussion of any factors that may affect the assumptions or success of the project and contingency planning	Does not explain the assumptions behind the plan and include discussion of any factors that may affect the assumptions or success of the project	12
Cross-Cultural, Economic, and Geopolitical Factors	Discusses cross-cultural, economic, and geopolitical factors that may impact the business environment and concept	Does not discuss cross-cultural, economic, and geopolitical factors that may impact the business environment and concept	12
Legally and Ethically Compliant Environment	Explains how the project will operate in a legally and ethically compliant environment, including relevant laws, regulations, or patents or permits that may need to be obtained	Does not explain how the project will operate in a legally and ethically compliant environment, including relevant laws, regulations, or patents or permits that may need to be obtained	12
Stakeholder and Customer Diversity	Outlines plans for incorporating stakeholder and customer diversity into planning and implementation of the concept	Does not outline plans for incorporating stakeholder and customer diversity into planning and implementation of the concept	12
Corporate Social Responsibility	Discusses the role corporate social responsibility will play in the implementation of the concept	Does not discuss the role corporate social responsibility will play in the implementation of the concept	12
Articulation of Response	Submission does not have critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas	Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas	10
Total			100%

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