Construct a draft applying concepts and leanings from your MBA concentration. You will encompass course concepts, assignments or textbook material from your concentration. Please su
Please see the attached assignment instructions. I also attached the previously used paper. The needed pages to add are 5 pages. My concentration is in Supply Chain Management. Please see attached previous paper (this would be combined with the new pages written.) Needed by Friday at 10 AM (US CST/ USCentral Standard Time)
Due Date: Sunday of Unit 6 Total Points: 100
Overview:
Construct a draft applying concepts and leanings from your MBA concentration. You will encompass course concepts, assignments or textbook material from your concentration. Please submit your draft to the Unit 6 Discussion Board and provide constructive comments to at least two other students. Once you receive your feedback, evaluate their feedback and make needed modifications on your project based on their feedback to submitted to the instructor next week.
Instructions:
Complete at least a 15-page draft applying concepts and learnings from your MBA concentration plus the pervious portions of your paper. This assignment should include previously submitted portions of your paper plus the following 5-6 pages:
• A clear and comprehensive application of course concepts, assignments, or
textbook material from your MBA concentration courses. This section of the paper may include any of the following:
o Course concepts discussed in concentration classes o Material from assignments or activities in concentration classes o Textbook material from concentration courses
Requirements:
• Your concentration addition should be approximately 5-6 pages in length, bring
your total draft to 15 pages, not including cover or reference pages. • APA formatting is required using the 6th edition guidelines.
Be sure to read the criteria, by which your paper will be evaluated, before you write, and again after you write.
Refer to the grading rubric on the next page.
BUS700 – Capstone
Unit 6 Assignment 4: Capstone Project: Concentration Application
Evaluation Rubric for Capstone Project Concentration Application
CRITERIA Exemplary Proficient Deficient (45 – 50 Points) (35 – 44 Points) (0 – 34 Points) Submitted Draft to the Discussion Board for Feedback
Submitted draft for feedback by the deadline and assignment meets all length and other requirements
Submitted draft for feedback by the deadline but assignment did not fully meet all length or other requirements
Did not submit draft for feedback by the deadline or assignment was significantly below length or other requirements
Responded to Two Fellow Students
Provided comments to at least two other students, which was. at least two paragraphs long that included the strengths and opportunities in a helpful and professional manner by the deadline
Provided comments to at least two other students, which was either not at least two paragraphs long or did not clearly include the strengths and opportunities in a helpful and professional manner by the deadline
Did not provide comments to at least two other students or was significantly short of the length requirements, or did not clearly include the strengths and opportunities in a helpful and professional manner by the deadline
- Total Points: 100 Overview:
- Instructions:
- Requirements:
- Be sure to read the criteria, by which your paper will be evaluated, before you write, and again after you write.
- Evaluation Rubric for Capstone Project Concentration Application
,
Gabriel A. Nunez Unit 2.2 Assignment: Capstone Outline & Business Proposal/Plan
Concentration: Supply Chain Management
Malcolm Baldridge School of Business
Post University
BUS 700: Capstone
Professor McGivern
November 5th, 2023
Tentative Topic Title: Renting out vehicles utilizing a ride sharing platform that exist on the web and application for people to rent in the Houston area.
Target Organization: G&G Liberty
G&G Liberty, they are a car rental business that provides users with a peer-to-peer car-sharing platform for individuals to rent cars in Houston Texas and follows the principles of the shared economy approach. Utilizing Turo, a web and application platform that streamlines the car rental process, offering a wide range of vehicles, flexible rental options, and efficient payment and reservation systems while earning commissions from these transactions. Turo was selected by G&G Liberty due to the fact that of its brand and wide customer base reached all of the United States.
What is the Problem or Opportunity:
I propose to complete a feasibility report to explore the financial viability of a peer-to-peer car-sharing rental business model. The proposed rental business model revolves around earning commissions from rental transactions between app users. The purpose of this report is to assess the potential for success, identify key challenges, and outline a preliminary plan for the business under this specific context. Also, Peer-to-peer car sharing is a rapidly growing market segment within the rental industry. This business model provides an efficient alternative to traditional resource-hungry rental business models as it leverages shared economy principles through an app-based platform, and I would like to explore some of the market capabilities to produce maximum customer demand.
Case for Change (Why do it?):
I have selected this topic due to figuring out a way to get vehicles that have low mileage and cheaper than normal. Once I did some research, I found out that the peer-to-peer care-sharing market size reached US $1.6 Billion in 2021 and is expected to reach US $7.2 Billion by 2023. The market size is expected to grow with an annual growth rate of 17.6% from 2022-2030 ( P2P car-sharing market size, and Demand Insights, 2022-2030, n.d.). The sharing economy, including peer-to-peer car sharing, is a rapidly expanding market globally. It represents an opportunity for individuals to monetize their underutilized assets and for consumers to access convenient services. When I came up with the idea to venture into this type of business I felt that since Houston has two large airport on the north and south part of the city, there would be a steady customer demand base always generating positive cash flow.
MBA Concentration & Topic Format:
My concentration is in Supply Chain Management, I selected it because I have over 22 years of experience in that field. I have decided to create a business plan and target it with a feasibility report to help improve my business. This report is to assess the potential for success, identify key challenges, and outline a preliminary plan for the business under this specific context. This course will help me by sharpening my skillset and creating financial objectives and analysis on investments that would help with the success of my business.
Program Content: I plan to use several program concepts which I have learned throughout my MBA journey. These concepts consist of a feasibility report including an introduction, marketing aspect, the management aspect, the operational aspect, the financial aspect, the economic aspect, and the conclusion. These concepts will include several different types of analysis capturing a clear picture of the business which are all essential parts of my MBA program learning objectives.
Innovation Focus:
Innovation would be introduced into G&G Liberty’s giving them an edge against their competitors which would be demonstrated through its project selection. Key competitors in the peer-to-peer car-sharing industry include Turo, Getaround, and Zipcar. The rental app business must differentiate itself from its competitors through the use of technology or optimization of delivery of services while beating the competitor’s usage prices.
Outcomes & Quantitative Thinking:
The project is not susceptible to appropriate financial analysis and quantitative measurement to evaluate its success and performance, revenue will primarily be generated through commissions on rental transactions, advertisements, and promotional collaborations with advertising platforms. We expect a 15% increase in the number of users and income on a year-on-year basis as the popularity of the app rises. The business is expected to reach profitability within the second year of operation, considering initial investment and operating expenses.
Such measurements could be demonstrated in the following methods:
Key Performance Indicators (KPIs):
Commitment rate: Measure the percentage of trips you accept. Track how often G&G Liberty meets or exceeds delivery to the customer.
Revenue Growth: Monitor the organization's revenue growth, analyze how this revenue stream contributes to overall growth and financial stability.
Customer Satisfaction: Use customer satisfaction reviews to quantitatively measure customer happiness and identify areas for improvement. High satisfaction scores can lead to repeat business and referrals and give you a 5-star host rating.
Financial Analysis:
Cost Efficiency: Measure cost-efficiency by comparing operational expenses to revenue generated. Ensure that the business maintains a healthy profit margin while offering competitive prices.
Break-Even Analysis: Use quantitative analysis to determine the point at which the project becomes profitable and how much revenue needs to be generated to cover initial costs.
Cash Flow Analysis: Quantitatively analyze the organization's cash flow to ensure it has sufficient liquidity to meet operational and financial commitments, especially in case of unexpected setbacks.
Financial Projections
G&G Liberty has proposed an initial financial investment limit of $50,000.
Cost Allocation Breakup
|
Operations and Maintenance |
$40,000 |
|
Marketing and Promotion |
$2,500 |
|
Customer Support and Operations |
$2,500 |
|
Legal and Regulatory Compliance |
$5,000 |
Competitive Benchmarking:
Quantitative Comparison: Quantitatively compare G&G Liberty’s performance with that of another ride share host. This can highlight areas where G&G Liberty excels and areas for potential improvement.
Defining Success: Defining the success of the G&G Liberty’s involves setting clear, measurable objectives and regularly assessing the organization's performance goals. A few of the goals that need to be assessed are as follows:
· Target Market
· Market Size
· Revenue Projection and Profitability
Conclusion
The proposed business model is expected to be a profitable business venture provided that the proposed app differentiates itself from the competitors through innovative technology and seamless delivery of services.
References
P2P car-sharing market size, and Demand Insights, 2022-2030. P&S Intelligence. (n.d.). https://www.psmarketresearch.com/market-analysis/p2p-carsharing-market#:~:text=Market%20Overview,17.6%25%20during%202022%E2%80%932030.
Goldman, S. (2008, 05).The North American Carsharing Industry Zipcar, Inc. and 3 Major Competitors. https://portfolio.du.edu/portfolio/getportfoliofile?fiuid=73397.
Enterprise Carshare – Hourly Car Rental and Car Sharing. (n.d.). Retrieved fromhttps://www.enterprisecarshare.com/us/en/home.html.
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