Business Proposal Project Summary
Throughout this course you will be completing an action research project based on a real organizational problem that you identify. The assignments for each week build on one another, so it is important to complete each one. Content from each assignment will be used to complete the final business proposal in Topic 8.
There are several parts to the business proposal, and each part has been explained and briefly outlined below. The descriptions provided should be used as a guide to assist you with constructing each section of the business proposal. Word count guidelines are provided for each section of the business proposal.
It is important to include specific data throughout the business proposal. Include statistics that support the problem statement; can be used to establish and track goals; relate to specifics of implementation, timing, and cost; and illustrate stakeholder benefits. Keep in mind that the proposal is an internal document that will be read by stakeholders within the organization in which the problem exists. Focus on this audience as you write. Within the Word document, include subsection titles to organize the content according to the categories listed below to provide easy reference points for the reader.
1. Executive Summary (250 words) provides a short summary of the entire proposal so key stakeholders can see an overview of the proposal and understand it without reading the entire document.
2. Purpose Statement (100-250 words) provides clear statement of why the business proposal is being made.
3. Problem Statement (revised as needed from Topic 1 assignment feedback) includes specific data (statistics and numbers) related to how the problem affects the business. This part of the proposal should include the graph/chart/data you collected in Part 1 of the Topic 2 assignment.
4. Data and Research Findings (250-500 words) should include a summary of what you learned from conducting research related to what has already been done to address the organizational problem. This part of the proposal should include the graph/chart/data you collected in Part 2 of the Topic 2 assignment.
5. Proposed
Solution
(250-500 words) should include a summary of the top three problem solutions you considered to address the problem. In addition to including the graph/chart/data you collected in Part 3 of the Topic 2 assignment, this section should provide a succinct discussion of the pros and cons of implementing each of the top three solutions being considered to address the problem.
6. Stakeholder Analysis and Benefits (500 words, revised as needed from Topic 3 assignment feedback) summarize all data and information related to the key stakeholders affected by the proposed problem solution along with a summary of benefits to be gained by stakeholders if the problem solution is implemented.
7. Change Management Plan (250-500 words) clearly articulates specific methods and strategies to be utilized to manage organi ...
Business Proposal Project SummaryThroughout this cou
1. Business Proposal Project Summary
Throughout this course you will be completing an action
research project based on a real organizational problem that you
identify. The assignments for each week build on one another,
so it is important to complete each one. Content from each
assignment will be used to complete the final business proposal
in Topic 8.
There are several parts to the business proposal, and each part
has been explained and briefly outlined below. The descriptions
provided should be used as a guide to assist you with
constructing each section of the business proposal. Word count
guidelines are provided for each section of the business
proposal.
It is important to include specific data throughout the business
proposal. Include statistics that support the problem statement;
can be used to establish and track goals; relate to specifics of
implementation, timing, and cost; and illustrate stakeholder
benefits. Keep in mind that the proposal is an internal document
that will be read by stakeholders within the organization in
which the problem exists. Focus on this audience as you write.
Within the Word document, include subsection titles to organize
the content according to the categories listed below to provide
easy reference points for the reader.
1. Executive Summary (250 words) provides a short summary of
the entire proposal so key stakeholders can see an overview of
the proposal and understand it without reading the entire
document.
2. Purpose Statement (100-250 words) provides clear statement
2. of why the business proposal is being made.
3. Problem Statement (revised as needed from Topic 1
assignment feedback) includes specific data (statistics and
numbers) related to how the problem affects the business. This
part of the proposal should include the graph/chart/data you
collected in Part 1 of the Topic 2 assignment.
4. Data and Research Findings (250-500 words) should include
a summary of what you learned from conducting research
related to what has already been done to address the
organizational problem. This part of the proposal should include
the graph/chart/data you collected in Part 2 of the Topic 2
assignment.
5. Proposed
Solution
(250-500 words) should include a summary of the top three
problem solutions you considered to address the problem. In
addition to including the graph/chart/data you collected in Part
3 of the Topic 2 assignment, this section should provide a
succinct discussion of the pros and cons of implementing each
of the top three solutions being considered to address the
problem.
6. Stakeholder Analysis and Benefits (500 words, revised as
needed from Topic 3 assignment feedback) summarize all data
and information related to the key stakeholders affected by the
proposed problem solution along with a summary of benefits to
be gained by stakeholders if the problem solution is
4. April 18, 2021
Stakeholder Analysis Summary
Company projects require participation, guidance, and approval
from a wide range of people across the organization, the
stakeholders of the organization. If they don’t understand or
agree with the project’s objectives, plans and processes. Any of
these company stakeholders can become obstacles in the way of
the project’s success. However, if the help and opinions of the
stakeholders are enlisted in the beginning, the help and approval
of these stakeholders can turn many of these individuals into
great supporters of the project initiatives. This is why it is
important to conduct a stakeholder analysis before beginning
any complex company project, to identify all potential
stakeholders and determine how best to earn their support. The
following summary will explain information that was derived
from our stakeholder analysis and explain the following:
1. Stakeholder attitudes towards the identified problem of hiring
and maintaining quality staff.
2. Stakeholder attitudes or previous experience related to past
attempts at problem solution.
3. Stakeholder ideas for potential solutions.
4. Identify the key stakeholders that will be sought out to
sponsor our implementation of the problem.
5. 5. Identify the stakeholders that will be directly affected by the
problem solving.
6. Identify the stakeholders that could pose potential roadblocks
to the solving of the problem.
The stakeholders have mixed attitudes towards the identifi ed
problem of hiring and maintaining quality. The shareholders are
leery of the need to implement change due to the increase in
spending it would require. The shareholders feel that in the
current financial climate, the increase in spending is
unnecessary. Senior level executives would be next on the list
of stakeholders. Their feelings toward the change effort are
positive. They see the need for change and the positive benefits
that the change would bring. However, they must also consider
the spending, because their first priority is to keep the
shareholders happy. Third on the list of stakeholders is the
employees. They also have a positive disposition towards the
change. For the most part the anticipated reaction will be
positive and welcoming. However, there are always negative
issues or reluctant participants when it comes to change. Last on
the list of stakeholders would be the residents or the customer.
The customer’s attitude is indifferent to the change. Some
residents think it is a good idea, but most do not care either
way.
The last attempt at change was meet by positivity by all
stakeholders. The implementation of resident portal to pay rent,
6. submit payments and submit work request was something that
should have been implemented and the pandemic made that very
clear and caused the immediate need for change. Stakeholders
were happy to see the change.
The shareholders are not certain that the problem is a
problem, well not an immediate problem. The senior executives
agree that there is a problem and have implemented minor
changes as far as assigning virtual trainings and are considering
this as a solution. The employees fell that the implementation of
a mentorship program would be a viable solution to the
problem. The customer has no bearing on the solution process
and therefore has no input for solutions for the problem. The
main stakeholder that will be sought out to sponsor the
implementation of the change effort is the shareholders, being
the investors they control the money, and will ultimately
determine of the project will move forward.
The employees would be the stakeholder that would be directly
affected by the problem solving. By putting more focus and
money into hiring and employee development. Employees will
experience increase in their skill set and knowledge base,
increased job satisfaction increased confidence, and a better
work life balance.
The shareholders are the stakeholder that may pose potential
roadblocks to the change effort. They are not totally convinced
that spending more on hiring and employee development are
7. needed at this time.
6
Business Proposal Part 1
Business Proposal Part 1
Marneicia Betts
Grand Canyon University
PCS-495
Michael Strauch
Running head: ASSIGNMENT TITLE HERE
Business Proposal Part 1
8. 1
May 2, 2021
Executive Summary
The following business proposal will go into detail identifying
the problem that Related Management Company has, of hiring
and maintaining quality staff, as well as discuss potential
resolutions to the problem. Property management is a
competitive business and it is imperative for a property
management company to be able to hire and maintain a quality
staff to remain successful and to be competitive. Related
currently has a high employee turnaround and is currently
spending over 75% of what was budgeted on temporary staffing.
This is not an effective way to run a successful business and
this is a problem that must be solved. By addressing the
problem at hand will enable to employees to be more effective
and efficient in their positions as well as save the companies
thousands in temporary staff expenses. By investing in staff
development the organization will become stronger and more
effective which will allow for continued growth and success.
Purpose Statement
The purpose of this proposal is to identify the problem Related
is having within human resources. The company currently is
experiencing issues with hiring and maintaini ng quality staff.
9. We will address how the problem be done feasibly to resolve
the pro problem. Related strives to be a leader in the industry
and too achieve that we must invest in our on-site employees to
ensure that they are living up to their full potential to help the
organization reach its full potential as well.
Problem Statement
Many new hires within the company only stay with the company
for 6 months to a year before leaving the company. Through
data obtained by anonymous survey, it has been determined that
many employees are unhappy with the lack of training and poor
quality of training that exists. Employees feel that they were
thrown into the position with little to no training and the
training that was received was subpar. Also, many employees
are unsatisfied with the salary and benefits compared to that of
other property management companies and, feel that there is no
hope or chance of them being promoted so they are choosing to
seek better opportunities. The high employee turnover has
caused continuous issue with being over budget in the area of
hiring, causes property staff to be overworked, and property to
suffer due to being under staffed. The below graph reflects the
percentages of how much over budget spending is affecting the
organization. As you can see the profits that shareholders
receive are being greatly impacted by nearly 60%
10. Data and Research Findings
Based on the research conducted regarding the problem,
efforts that have been initiated to address the problem have
made little to no positive impact at resolving the problem. The
organization is also currently spending nearly three times than
what was budgeted for temp coverage in human resources.
Based on the research series three of problem resolution was
more effective than series two, but both strategies are wanting
and additional solutions to the problem are required to set the
organization on the path of continued success.
Proposed