HCA 620 Explain the nature of your assigned CLC Business Plan
Grand Canyon University HCA 620 Explain the nature of your assigned CLC Business Plan-Step-By-Step Guide
This guide will demonstrate how to complete the Grand Canyon University HCA 620 Explain the nature of your assigned CLC Business Plan assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.
How to Research and Prepare for HCA 620 Explain the nature of your assigned CLC Business Plan
Whether one passes or fails an academic assignment such as the Grand Canyon University HCA 620 Explain the nature of your assigned CLC Business Plan depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.
After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.
How to Write the Introduction for HCA 620 Explain the nature of your assigned CLC Business Plan
The introduction for the Grand Canyon University HCA 620 Explain the nature of your assigned CLC Business Plan is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.
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How to Write the Body for HCA 620 Explain the nature of your assigned CLC Business Plan
After the introduction, move into the main part of the HCA 620 Explain the nature of your assigned CLC Business Plan assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.
Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.
How to Write the Conclusion for HCA 620 Explain the nature of your assigned CLC Business Plan
After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.
How to Format the References List for HCA 620 Explain the nature of your assigned CLC Business Plan
The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.
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Sample Answer for HCA 620 Explain the nature of your assigned CLC Business Plan
Re: Topic 1 DQ 1
I belong to the Red Group with Sarah Brock and Ira Vandever. The instructor has assigned us a project to do with a national nonprofit health organization specializing in a single class of disease. The organization in question is The American Heart Association and Hypertension and our purpose is to formulate a “a mobile health promotion outreach program able to reach a diverse population from inner-city areas to rural communities”. As a CLC project, certain challenges are bound to exist. One of the fundamental issues that may hamper proper coordination during the project entails the varied time zones for all the team members (Canhoto & Murphy, 2016). As a result, getting us together to discuss pertinent points may be difficult. The situation will be made even more difficulty by the fact that each student is probably working fulltime with varied working times. Further, the expertise needed to operate the various software required for the project may not be common among all the group members, which may compel one of us to take more tasks compared to others.
The success of the project will depend on the availability of the resources required for it. One of the most important information required is the nature of model that will be adopted for the project. Further, information on the workings of the various software necessary for the CLC Business plan project will be important in successfully completing the project. However, information concerning the industry and the manner in which the project can leverage the available resources will prove fundamental to the success of the project (Moseley, 2009). Therefore., adequate planning will be required to overcome the challenges and utilize the information and resources for the successful completion of the project.
The production of a realistic document will depend on a host of factors. First, the entire process will be preceded by proper planning amongst the group members. Moreover, exhaustive research concerning the various facets of the project will be conducted to ensure that the final information is as close as possible to a real situation. Further, the combination of the various part into a single document will require a concerted effort by all three members to ensure alignment of ideas.
References
Canhoto, A. I., & Murphy, J. (2016). Learning from simulation design to develop better experiential learning initiatives: An integrative approach. Journal of Marketing Education, 38(2), 98-106.
Moseley III, George, B. (2009). Managing health care business strategy. Jones and Bartlett, L:
Sample Answer 2 for HCA 620 Explain the nature of your assigned CLC Business Plan
Thank you for a wonderful post concerning the project that your group will be undertaking. The fact that you have taken a broader approach to the challenges facing the project is commendable. The resources required to ensure the success of the project are indeed massive. Given the locality of the areas under consideration, it would indeed require you to have a vehicle that is fully equipped with necessary equipment for the screening engagements. The amount of monetary resources necessary for that may be colossal as you have mentioned in your post. Moreover, the leveraging of the competencies of team members (Moseley, 2009) as regards the necessary software will be crucial to the successful implementation of the project and the production of a realistic document. Moreover, the different time zones may make planning challenging as people may be online at different times. As a result, the production of the project will be affected by this.
References
Moseley III, George, B. (2009). Managing health care business strategy. Jones and Bartlett, L:
Sample Answer 3 for HCA 620 Explain the nature of your assigned CLC Business Plan
You make very important points regarding the challenges that you will encounter during the project. One of the most significant issues that afflict CLC project entails the varying levels of commitments. The different time zones and the fact that most of the members will be working fulltime makes the level of commitment to the project difficult (Moseley, 2009). As a matter of fact, the combination of the factors may make one member of the team to handle more of the work compared to the other members. Given the hypothetical nature of the document, the members will have to conduct extensive research in order to ensure that they produce a document that is close to being realistic. This may involve assigning each team member their role and instructing them to ensure that the information that they deliver is aligned to actual data.
References
Moseley III, George, B. (2009). Managing health care business strategy. Jones and Bartlett, L:
HCA 620 Topic 2 Introduction to Business Planning Paper
Introduction to Business Planning Paper
Business plans have for a long period played an integral role when it comes to new businesses. They provide information regarding the future direction of a company by revealing the company operations as well as its visions for future success. Indeed, a business plan demonstrates the requisite undertakings by a business to make it take off as well as the necessary effort to maintain it. As such, a business plan has become indispensable in the contemporary business environment. Different models of business plans exist out of which one can choose depended upon the nature of their business. According to Kidambi (2017), these models vary slightly since they share a lot of commonalities. Thus, when preparing to write a business plan, one will have to research on the multifarious models and choose the one that best fits their business. The choice of an appropriate business model will occur due to a comparison of the identified business models. However, no set rules exist regarding the information that any business plan must contain since they are subject to tweaking to conform the present reality of a business. The present paper seeks to discuss four business plan models, elucidate the limitations and strengths of the same, compare the models to business plan models in Microsoft Project, and use the above information to make an informed choice concerning the best mode for the CLC project.
Business Plan Models
Operations Business Plan
Operations business plan as an important model of business plans since it gives the company a framework within which it is going to achieve its success. The plan is based on internal operations of a company since it comprises aspects associated with company operations. More fundamentally, this business plan makes certain the implementation markers as well as deadlines as regards the upcoming year (Henderson, Goldring, & Simeon-Dubach, 2019). Significantly, the operations plan also outlines the roles and responsibilities that each company employee will play in achieving the forecast success. Moreover, the operations business plan comprehensively addresses operations aspects such as product distribution, inventory and production. This business plan provides a framework concerning the manner in which a business will operate and the challenges when it is fully operational.
Start-Up Business Plan
A start up business plan is a document that details information regarding a new enterprise that is just starting its operations in the market. Apart from the many recorded advantages associated with documenting a business plan, one core role of the plan is to aid an entrepreneur in accomplishing their vision of persuading potential investors. While the financiers may be lenders or even investors, they all need a business plan to evaluate the potential of the business. Business financiers will invest their funds based on the quality of the plan. As noted by McKeever (2016), a business plan is a ticket of admission that provides an entrepreneur an opportunity to impress potential financiers with the given quality of work. A start up business plan will also provide a comprehensive detail on how the business is going to commence, a detailed description of the business model, the products or services being offered, market strategies as well as a projected management plan. Another important aspect that should not be left out is the financial analysis detailing the projected profits based on the invested capital (Watson & McGowan, 2019). The business plan will hence change over time based on the emerging new trends in the market such as emergence of new competitors, price dynamics, and political effects among other unforeseen factors.
Internal Business Plan
This is a business plan with a target audience of those within the business operations. This business plan is mainly employed when the business needs to introduce, analyze and evaluate operations of the business. For example, this type of business plan may target the marketing team with a proposed project. This plan will include the current status of the business, while focusing on other cost of operations as well as the profitability. The plan will then document how the business intends to pay back the capital invested (O’Donnell, R., & Dahl-Popolizio, 2018). Other important aspects of an internal business plan include information on the marketing of the project, the process and costs of hiring. Also, this document will detail the markets survey results with the various dynamics, market size, as well as the positive effects of the market with regards to the projected income to the business.
Growth Business Plan
The growth and expansion business plan is similarly important as it offer insights into proposed growth and expansion plans of a business. These plans may target both internal and external stakeholders. If the intention of the company is growth as relates to profits, the location, the size and more, the growth business model will fit perfectly. The plan will entail the description of the firm, its officers and management (Ekanem, 2017). The plan comprises all the details of a company so as to satisfy the prospective investors. The model has all the financial and expense projections even when company descriptions may be foregone should the need for capital cease to exist.
Feasibility Business Plan
A feasibility business plan could also be used by health care organizations. This plan answers the questions of who will be interested in the product or service by buying them and the profitability of a venture. This model comprises sections that are descriptive of the necessity for the service or product, the necessary capital as well as the target demographics. At the end of the plan, recommendations related to the future of the project or business are made.
Strengths and Weaknesses
The four models discussed have varied strengths and weaknesses, which will inform the choice that a business will make. The operations business plan offers specific route through which a business will achieve its success. Further, the operations business plan can be applied to any business as it is not limited. This ensures that all businesses may have a way of streamlining their operations based on the components of the model (Henderson, Goldring, & Simeon-Dubach, 2019). However, the business plan does not place an emphasis on the financial operations of a company. Its principal focus is on the employees, which means that the financial markers of a business will not be used to gauge its success. This exposes it to lack of support from prospective investors.
Start-up business plan is comprehensive in the sense that it outlines all the important aspects of a company from the management team to the financials. It clearly creates a picture as to how the new company will achieve its objectives by analyzing the market, the competition, and the services that a company will offer (Watson & McGowan, 2019). However, a start-up business plan does not have the benefit of experience as it is solely based on projections. The absence of basing some of the projections on market realities may negatively impact support for a business from investors while it may also mislead on managerial projections.
Internal business plan has a strength in the sense that it offers specific information to a specific team within a business, which makes its implementation easier. The document does not only reveal the status of the company; it also analyzes the positive impact of a market on a company (O’Donnell, R., & Dahl-Popolizio, 2018). Nevertheless, its focus on the positives of a market means that the company using the document will be unprepared in case of eventualities. As such, the document is not comprehensive enough.
Growth business pan also provides comprehensive information concerning a company’s prospects. It targets both the internal and external stakeholders of a company, meaning that it addresses all the pertinent matters affecting it (Ekanem, 2017). However, the flexibility that it has in terms of leaving out some details may not offer a complete view of a company, which may affect its objectives.
Comparison to Business Plan in Microsoft Project
The above business plans have components that align to the provisions of the Microsoft Project management software. The MS Project software has the capacity to supervise projects both in full and partially via the formulation of project plans. The MS Project can help with task and resources assignment as well as identifying the dependencies of varied tasks. As such, the software is useful for varied projects, which may suit the above models.
Model for the CLC Program
Out of the four models discussed, the internal business plan. The main focus of the business plan for the CLC project is the construction of additional outpatient surgery center outside the hospital. As such, the internal business plan will target the senior leadership who will evaluate it. It will thus reveal the operational costs for the project and the hiring costs for numerous aspects that will make the realization of the project possible.
Conclusion
In summary, a business plan is the backbone of any entrepreneurial practice. Some entrepreneurs find difficulties in expressing themselves to potential investors, as such, a business plan becomes an integral and effective means of communicating their ideas. On the contrary, the business plan will not automatically guarantee success of the business without the necessary skills and the determination by the entrepreneur to make it through the market. Also, it is noted that a business plan that best suits an open economy may not be appropriate for a closed door economy; hence, it is the responsibility of the entrepreneur to determine the type of plan most suitable for their case.
References
Ekanem, I. (2017). Writing a business plan: a practical guide. Abingdon, UK: Routledge.
Henderson, M. K., Goldring, K., & Simeon-Dubach, D. (2019). Advancing professionalization of biobank business operations: Performance and utilization. Biopreservation and biobanking, 17(3), 213-218.
Kidambi, S. (2017). WeCare Home Healthcare Support Services Business Plan. California State University, Long Beach.
O’Donnell, R., & Dahl-Popolizio, S. (2018). Business Entrepreneurship: The Integrated Behavioral Health Business Plan. In Training to Deliver Integrated Care (pp. 143-159). Springer, Cham.
Watson, K., & McGowan, P. (2019). Emergent perspectives toward the business plan among nascent entrepreneur start-up competition participants. Journal of Small Business and Enterprise Development, 26(3), 421-440.