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MBA 640 Final Project Guidelines and Rubric
MBA 640 Final Project Guidelines and Rubric
Overview
The final project for this course is the creation of an external capital funding proposal.
Most businesses face a landscape of uncertainty and a never-ending stream of risks and opportunities. Managers must continually project the likely financial impact of decisions, make recommendations, act on those decisions, determine how to pay for them, and evaluate the costs and effectiveness of what has been done. Many decisions are short-term, routine, and operational. Others are longer-term investment decisions that require substantial new resources, such as developing new services, expanding into new geographic markets, or undertaking business combinations or spin-offs. Each requires managers to forecast, plan, and make decisions based on a thorough understanding of both internal and external factors that can affect a company’s financial success.
For the summative assessment in this course, you will bring your finance and economics knowledge to bear by preparing an external capital funding proposal for a major international investment at a publicly traded corporation. In order to secure the support of potential financial backers, your proposal will need to lay out what the proposed investment opportunity is, how it fits within the company’s broader mission and goals, its financial impact, and the amount being requested and why (including alternative funding mechanisms considered). In addition, it will also need to include information on the organization’s context, risk factors, and microeconomic assumptions that could affect the success of the investment.
The project is divided into three milestones prior to the final submission, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Four, Six, and Seven. The final submission will occur in Module Nine.
In this assignment, you will demonstrate your mastery of the following course outcomes:
· Assess the global microeconomic environment for determining the driving factors that affect business financial decisions
· Develop financial models that project the impact of different business scenarios on financial performance and business planning
· Assess decision alternatives by using time value of money (TVM) and other appropriate financial metrics
· Evaluate the potential impact of internal and external qualitative factors on business activities for supporting strategic financial decisions
· Weigh internal and external funding alternatives for carrying out investment decisions
· Construct persuasive, evidence-based arguments that incorporate legal and ethical behavior and sound financial analysis for soliciting external business funding
Prompt
Imagine you are a manager working at a publicly traded company. (You will select a company from the list below.) You have been tasked with preparing an investment proposal for a large bank loan to finance a major expansion into another country. Your funding request will include both narrative text and financial models designed to clearly explain and justify the investment proposal, how it will be financed, and its likely impact on the company. As support, you will show the proposal’s most likely financial implications and the consolidated financial projection with and without the project. You should also consider risks—including
global microeconomic factors outside the company that may affect the investment’s success in the targeted country—and describe alternative financial scenarios should sales exceed or underperform your assumptions.
Your funding request should be well organized, clear, concise, and free of distracting errors. Because business executives seldom have perfect or complete information, you should base your proposal on data from authoritative sources when possible and make reasonable assumptions where information is not available. As in real life, however, you must clearly specify your assumptions.
To begin, choose one of the following publicly traded companies. Once you have chosen your company, you will determine the investment opportunity for which you are seeking funding as well as the country into which your company will be expanding:
Specifically, the following critical elements must be addressed:
I. Executive Summary: Briefly summarize the key points of your proposal, giving the loan committee the most essential information while convincing themto read further. Remember this is the first, and sometimes the only, section a selection committee will read in an initial screening.
II. Investment Project: Use this section to describe the investment for which you are seeking funding, its costs, and time frame. Specifically, you should:
A. Describe the investment project. Be sure to provide sufficient detail to give the loan committee a firm sense of the parameters of the activity,the need for it, and what financial metrics are relevant for determining success. In other words, what do you propose to do, where, what marketplace need will it fill, and how will you measure success?
B. Specify the resources the project will require and where these resources will come from. In addition to noting the amount of the loan you are requesting, you should also consider human resources, facilities, government approvals, intellectual property, access to natural resources, and other resources that might be required to carry out the project.
C. Time frame. When will the project start, what is the anticipated economic life of the proposed expansion, and how will you decide if, when, orhow to exit? Justify your choices with appropriate financial metrics.
III. Justification: In this section, you should analyze the impact of the investment proposal on your business. In particular, you should cover:
A. Why is now a good time for this investment given the global context? Justify your response, citing specific external factors such as traderegulations, foreign currency considerations, or trends in foreign direct investment that might affect business financial decisions.
B. Strategic fit. Use this section to discuss why the investment proposal makes sense for your company strategically. Specifically:
1. How does the investment align with the company’s organizational and financial priorities? Support your argument with evidence from company reports and financial statement analysis designed to persuade the lender that the investment is a good strategic fit for your company.
2. How does the project fit within the global microeconomic environment? Support your response with evidence. For example, would the expansion tap unmet demand for the company’s key products or services or fill a new niche? How do you know?
3. How does the project build on the organization’s core competencies and comparative advantage? For example, does the company have a strategic advantage in regards to intellectual property, regional expertise, suppliers, or organizational structure?
C. Financial impact. This section should discuss the project’s most likely financial implications and the consolidated financial projection withandwithout the project. Be sure to:
1. Project the incremental, annual, and cumulative cash benefits and outflows associated with the proposed expansion for the next seven to 10 years, using a spreadsheet or other relevant presentation vehicle to support your narrative. Be sure to justify your assumptions and methodology based on sound microeconomic and financial principles. For example, what assumptions have you made about demand, price, volume, capital purchase costs, incremental hiring, and so on?
2. Develop a consolidated financial projection of revenue, pretax income, and cash flow for the overall business, over that same number of years, both with and without the proposed investment. Use a spreadsheet or other relevant presentation vehicle to support your narrative, being sure to describe any relevant assumptions.
IV. Risks: Use this section to discuss any risks that might affect the success of the project and how you have planned for those contingencies. In particular:
A. Internal. What are the company’s most significant internal risks and opportunities related to the project? How might they affect yourfinancialestimates and how will you address them? Support your response with specific examples.
B. External. How will you address significant qualitative risks outside the company that might affect project success? Give specific examples. Forexample, how might culture or politics in the target country affect the proposed investment’s financial success? Natural disasters? How have you planned for these risks?
C. Microeconomic. Assess the microeconomic factors that might affect decisions about the proposed investment. Support your response withspecific examples. For example, how competitive is the market you will be entering? How elastic is the price for your product or service?
D. Alternate financial scenarios. Use this section to discuss the sensitivity of your financial projections to different scenarios. Be sure to address:
1. How would your projected financial performance change if sales fall 20% short of or are 20% higher than your base assumption? What does your analysis of these two scenarios imply for the proposed investment? Justify your response.
2. What do the net present value, internal rate of return, and payback values from your base scenario and the sales variation scenarios above imply for the proposed investment? Be sure to explain how the time value of money affects your calculations and analysis.
V. Financing: In this section, compare the proposed loan to alternative financing methods. Specifically:
A. Weigh the pros and cons of raising money using internal financing mechanisms versus seeking funding through global capital markets via loans, commercial paper, bonds, or equity financing. Which might be viable alternatives should the loan not be approved? Support your answer with appropriate research and evidence.
B. Assess the viability of a business combination as a mechanism for expanding into the new market. Is this a reasonable option for the company? Why or why not? Support your answer with appropriate research and evidence.
VI. Track Record: Use this section to persuade the lender that you are credit-worthy. You must:
A. Convincingly argue that your organization is on solid financial footing, and thus at a low risk for default, supporting your argument recent with appropriate financial statements, ratios, and other indicators of financial performance and health.
B. Convincingly argue for your organization’s trustworthiness, providing credible evidence of legal and ethical financial behavior. For example, this might include recent audit results; credit history; absence of significant lawsuits, recalls, or regulatory judgments; or other evidence designed to show that the company holds itself to the highest legal and ethical standards.
VII. Questions and Answers: End your proposal by constructing a persuasive, evidence-based question-and-answer section that addresses additionalfinancial questions you think the loan committee might ask, including legal and ethical concerns and why the loan would be attractive to the bank.
Milestones
Milestone One: Investment Project and Justification (Parts A and B)
In Module Four, you will submit a draft of Section II (Investment Project) and Section III (Justification), Parts A and B only, of the final project. Submit 8-10 pages of narrative, building on the narrative you began in the Module Three executive memo short paper. Include references to past financial results, growth rates, and other financial ratios as exhibited in the spreadsheet you created in Module Two, and end with appropriate reference citations. This milestone is graded with the
Milestone One Rubric.
Milestone Two: Risks
In Module Six, you will submit a draft of Section IV (Risks) of the final project. Analyze internal and external risks and discuss how they might affect your financial estimates and how you might plan for such risks. You will assess the microeconomic factors that affect decisions about the proposed investment, and you will analyze alternative financial scenarios. This milestone is graded with the Milestone Two Rubric.
Milestone Three: Justification (Part C), Financing, and Track Record
In Module Seven you will submit a draft of Section III Part C (Justification), Section V (Financing), and Section VI (Track Record) of the final project. You will discuss the project’s most likely financial implications and the consolidated financial projection with and without the project; compare the proposed loan to alternative financing methods by weighing the pros and cons of raising money internally versus seeking funding through global capital markets; and assess the viability of a business combination as a mechanism for expanding into the new market. You will also use this section to persuade the lender that your company is credit-worthy by presenting appropriate financial information and by providing evidence of your company’s legal and ethical behavior. This milestone is graded with the Milestone Three Rubric.
Final Submission: External Capital Funding Proposal
In Module Nine, you will write Section I (Executive Summary) and Section VII (Questions and Answers) of your final project and submit your final external capital funding proposal. It should be a complete, polished artifact containing all of the critical elements of the final project. It should reflect the incorporation of feedback gained throughout the course. This submission will be graded using the Final Project Rubric (below).
Deliverables
Milestone
Deliverable
Module Due
Grading
One
Investment Project and Justification (Parts A and B)
Four
Graded separately; Milestone One Rubric
Two
Risks
Six
Graded separately; Milestone Two Rubric
Three
Justification (Part C), Financing, and Track Record
Seven
Graded separately; Milestone Three Rubric
Final Submission: External Capital Funding Proposal
Nine
Graded separately; Final Project Rubric (below)
Final Project Rubric
Guidelines for Submission: Your Investment Funding Proposal should be approximately 15-20 pages in length (excluding title page, table of contents,spreadsheets and other exhibits, and list of references). It should be double spaced with 12-point Times New Roman font and one-inch margins. Use APA format for references and citations.
Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information,review these instructions.
Critical Elements
Exemplary (100%)
Proficient (90%)
Needs Improvement (70%)
Not Evident (0%)
Value
Executive Summary
Meets “Proficient” criteria and
Briefly summarizes the key points
Summarizes key points of
Does not summarize key points of
2
response is especially convincing,
of proposal, giving audience the
proposal, but summary is lengthy,
proposal
engaging, and/or well suited for
most essential information while
omits essential information,
target audience
convincing them to read further
contains inaccuracies, or does not
induce the audience to read
further
Investment Project:
Meets “Proficient” criteria and
Describes investment project,
Describes investment project, but
Does not describe investment
5.33
Describe
provides target audience with an
providing sufficient detail to give a
description lacks detail, contains
project, providing sufficient detail
especially clear and complete
firm sense of the parameters of
inaccuracies, or omits key
to give a firm sense of the
understanding of project and
activity, market need, and relevant
information on parameters,
parameters of activity, market
alternatives for evaluating success
financial metrics for determining
market need, and relevant
need, and relevant financial
success
financial metrics for determining
metrics for determining success
success
Investment Project:
Meets “Proficient” criteria and
Specifies resources required,
Specifies resources required,
Does not specify resources
5.33
Resources
response is particularly
including amount of loan and
including amount of loan
required
comprehensive and well aligned
other physical and financial
requested, other physical and
with needs of expansion project
resources, along with where
financial resources, and where
resources will come from
resources will come from, but
response contains inaccuracies or
omits key details
Investment Project:
Meets “Proficient” criteria and
Determines when project will
Determines when project will
Does not determine when project
5.33
Time Frame
suggested time frame and metrics
start, anticipated economic life,
start, anticipated economic life,
will start, anticipated economic
are especially appropriate given
and exit process, justifying choices
and exit process, justifying choices
life, and exit process, justifying
diverse alternatives and needs of
with appropriate financial metrics
with financial metrics, but
choices with financial metrics
specific project
response contains inaccuracies,
omits key details, or financial
metrics are not appropriate
Justification: Why Now
Meets “Proficient” criteria and
Evaluates why now is a good time
Evaluates why now is a good time
Does not evaluate why now is a
5.33
demonstrates especially keen
for this investment in the global
for this investment in the global
good time for this investment in
insight into the range of external
context, citing specific external
context, citing specific external
the global context, citing specific
factors that might impact global
factors that might affect business
factors, but response contains
external factors that might affect
business activities and how they
financial decisions in justifying
inaccuracies, omits key details, or
business financial decisions in
would do so
response
links to business financial
justifying response
decisions are tenuous
Justification: Strategic
Meets “Proficient” criteria and
Persuasively argues how the
Argues how the investment aligns
Does not argue how the
4
Fit: Priorities
response is particularly insightful
investment aligns with the
with the company’s organizational
investment aligns with the
and well suited for convincing
company’s organizational and
and financial priorities, supported
company’s organizational and
target audience to grant funding
financial priorities, supported by
by evidence, but argument is
financial priorities, supported by
request
evidence from company reports
cursory, illogical, contains
evidence from company reports
and financial statement analysis
inaccuracies, or is poorly
and financial statement analysis
supported by evidence and sound
financial analysis
Justification: Strategic
Meets “Proficient” criteria and
Assesses how the project fits
Assesses how the project fits
Does not assess how the project
5.34
Fit: Microeconomic
demonstrates especially strong
within the global microeconomic
within the global microeconomic
fits within the global
insight into which microeconomic
environment, supported by
environment, supported by
microeconomic environment
factors are most relevant in
evidence
evidence, but response is cursory,
determining strategic fit
poorly supported, contains
inaccuracies, or links between
microeconomic factors and
project are tenuous
Justification: Strategic
Meets “Proficient” criteria and
Evaluates how project builds on
Evaluates how project builds on
Does not evaluate how project
5.33
Fit: Comparative
response is especially nuanced
organization’s core competencies
organization’s core competencies
builds on organization’s core
Advantage
and well-aligned with strategic
and comparative advantage in
and comparative advantage in
competencies and comparative
needs of project
explaining why the project makes
explaining why the project makes
advantage
sense strategically
sense, but response is cursory,
contains inaccuracies or is only
tangentially related to strategic fit
Justification: Financial
Meets “Proficient” criteria and
Projects expansion’s incremental,
Projects cash benefits and
Does not project expansion’s
5.33
Impact: Expansion
response demonstrates a nuanced
annual, and cumulative cash
outflows over specified time
incremental, annual, and
understanding of the
benefits and outflows over
period, using relevant
cumulative cash benefits and
microeconomic and financial
specified time period, using
presentation vehicle and justifying
outflows over specified time
principles that underlie business
relevant presentation vehicle to
assumptions and methodology,
period
projections
support narrative and justifying
but response contains
assumptions and methodology
inaccuracies, omits key details, or
based on sound microeconomic
is poorly grounded in
and financial principles
microeconomic and financial
principles
Justification: Financial
Meets “Proficient” criteria and
Develops consolidated financial
Develops consolidated financial
Does not develop consolidated
5.34
Impact: Consolidated
projections demonstrate
projection for overall business
projection for overall business
financial projection for overall
especially keen insight into the
with and without the proposed
with and without the proposed
business with and without the
short and longer-term financial
investment over specified time
investment over specified time
proposed investment over
impact of the expansion on the
period, using relevant
period, using relevant
specified time period
company’s overall performance
presentation vehicle to support
presentation vehicle and
narrative and describing relevant
describing assumptions, but
assumptions
response contains inaccuracies or
omits key details
Risks: Internal
Meets “Proficient” criteria and
Projects how company’s most
Projects how company’s most
Does not project how company’s
5.33
demonstrates especially keen
significant internal risks and
significant internal risks and
most significant internal risks and
insight into the links between
opportunities might affect
opportunities might affect
opportunities might affect
internal risks and opportunities,
financial estimates and how they
financial estimates and how they
financial estimates and how they
financial projections, and planning
will be addressed, supported by
will be addressed, supported by
will be addressed
for business expansion
specific examples
specific examples, but response
contains inaccuracies, omits key
details, or links between
projections and planning are
tenuous
Risks: External
Meets “Proficient” criteria and
Evaluates how significant external,
Evaluates how significant external,
Does not evaluate how significant
5.34
demonstrates particularly keen
non-financial risks that might
non-financial risks that might
external, non-financial risks that
insight into how external risks
affect project success will be
affect project success will be
might affect project success will
affect project success and
addressed, giving specific
addressed, giving specific
be addressed
financial decisions
examples
examples, but response contains
inaccuracies, omits key details, or
examples are not relevant
Risks: Microeconomic
Meets “Proficient” criteria and
Assesses the microeconomic
Assesses the microeconomic
Does not assess the
5.33
assessment is especially is
factors that might affect decisions
factors that might affect decisions
microeconomic factors that might
especially nuanced and well
about the proposed investment,
about the proposed investment,
affect decisions about the
aligned with strategic needs of
supported by specific examples
supported by specific examples,
proposed investment
project
but response contains
inaccuracies, omits key details, or
examples are not relevant
Risks: Alternate
Meets “Proficient” criteria and
Projects how financial
Projects how financial
Does not project how financial
5.33
Financial: Sales Fall
discussion of implications for
performance would change if
performance would change if
performance would change if
planning and financial
sales fall 20% short of or are 20%
sales fall 20% short of or are 20%
sales fall 20% short of or are 20%
performance is particularly
higher than base assumption,
higher than base assumption,
higher than base assumption
nuanced and well supported
including what analysis of two
including what analysis implies for
scenarios implies for the proposed
the proposed investment, but
investment, justifying response
response contains inaccuracies,
omits key details, or is poorly
justified
Risks: Alternate
Meets “Proficient” criteria and
Assesses what net present value,
Assesses what net present value,
Does not assess what net present
5.34
Financial: Time Value of
demonstrates keen insight into
internal rate of return, and
internal rate of return, and
value, internal rate of return, and
Money
how diverse scenarios and
payback values from base and
payback values from base and
payback values from base and
financial metrics affect project
sales variation scenarios imply for
sales variation scenarios imply for
sales variation scenarios imply for
projections and subsequent
the proposed investment,
the proposed investment,
the proposed investment
business decisions
including how time value of
including how time value of
money affects calculations and
money affects calculations and
analysis
analysis, but response contains
inaccuracies or omits key details
Financing: Global
Meets “Proficient” criteria and
Weighs pros and cons of raising
Weighs pros and cons of internal
Does not weigh pros and cons of
5.34
Capital Markets
assessment is particularly
money using internal financing
financing versus global capital
raising money using internal
nuanced and relevant to the
versus global capital market
market mechanisms, identifying
financing versus global capital
specific needs of the expansion
mechanisms, identifying viable
viable alternatives based on
market mechanisms
alternatives based on appropriate
research and evidence, but
research and evidence
response contains inaccuracies,
omits key details, or research and
evidence are not relevant or
cursory
Financing: Business
Meets “Proficient” criteria and
Assesses the viability of a business
Assesses the viability of a business
Does not assess viability of a
5.33
Combination
assessment is particularly
combination as a mechanism for
combination as a mechanism for
business combination as a
nuanced and relevant to the
expanding into the new market,
expanding, supported by research
mechanism for expanding into the
specific needs of the expansion
supported by appropriate
and evidence, but response is
new market, supported by
research and evidence
cursory, contains inaccuracies, or
research and evidence
research and evidence are not
appropriate
Track Record: Financial
Meets “Proficient” criteria and
Convincingly argues that
Argues that organization is on
Does not argue that organization
4
Performance
response is particularly insightful
organization is on solid financial
solid financial footing, supported
is on solid financial footing
and well suited for convincing
footing, supported by appropriate
by financial statements, ratios,
target audience to grant funding
financial statements, ratios, and
and other indicators of financial
request
other indicators of financial
performance and health, but
performance and health
argument is cursory, contains
inaccuracies, or supporting
evidence is not credible,
appropriate, or convincing for
lenders
Track Record: Legal and
Meets “Proficient” criteria and
Convincingly argues for
Argues for organization’s
Does not argue for organization’s
4
Ethical
response is particularly insightful
organization’s trustworthiness,
trustworthiness, providing
trustworthiness
and well suited for convincing
providing credible evidence of
evidence of legal and ethical
target audience to grant funding
legal and ethical financial behavior
financial behavior, but argument is
request
cursory, contains inaccuracies, or
evidence is not credible or
convincing to lenders
Questions and Answers
Meets “Proficient” criteria and
Constructs persuasive, evidence-
Constructs question and answer
Does not construct question and
4
response is particularly insightful
based question and answer
section that addresses potential
answer section that addresses
and well-suited for convincing
section that addresses additional
loan committee questions,
additional financial questions loan
target audience to grant funding
financial questions loan
including legal and ethical
committee might ask
request
committee might ask, including
concerns and why loan would be
legal and ethical concerns and
attractive to bank, but response
why the loan would be attractive
contains inaccuracies, is not
to the bank
persuasive, or is not well-
grounded in evidence
Articulation of
Submission is free of errors
Submission has no major errors
Submission has major errors
Submission has critical errors
2
Response
related to citations, grammar,
related to citations, grammar,
related to citations, grammar,
related to citations, grammar,
spelling, syntax, and organization
spelling, syntax, or organization
spelling, syntax, or organization
spelling, syntax, or organization
and is presented in a professional
that negatively impact readability
that prevent understanding of
and easy-to-read format
and articulation of main ideas
ideas
Total
100%
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Support **** ******** **** ******** **** ******* ******* *** ********* statement ******** designed ** ******** *** ****** **** the ********** is a **** ********* *** for your company 2 *** does *** ******* *** ****** *** ****** ************* environment? ******* **** ******** **** evidence For ******* ***** *** expansion *** ***** demand for *** company’s key ******** ** ******** or fill a *** ****** *** ** *** know? 3 *** **** *** ******* ***** on the organization’s **** ************ *** *********** ********** *** example does the ******* have * ********* ********* ** regards ** ************ ******** ******** ********* ********* or ************** structure? C ********* ****** **** ******* ****** ******* *** *********** **** likely financial ************ and *** consolidated financial ********** **** *** ******* *** ******* Be **** to: 1 ******* the incremental annual *** ********** **** ******** *** ******** associated with *** ******** expansion for the **** ***** ** ** ***** ***** * *********** or other ******** ************ vehicle ** ******* **** narrative ** **** ** justify **** *********** *** methodology based ** ***** ************* *** ********* ********** *** ******* what *********** **** you **** ***** demand ***** ****** ******* purchase ***** *********** ****** *** ** on? 2 ******* a ************ financial ********** ** ******* ****** income *** cash **** for the ******* ******** **** **** **** number ** years both **** and without the ******** ********** Use * spreadsheet ** ***** ******** presentation ******* ** support **** narrative being sure ** ******** *** ******** *************** ****** Use **** ******* to discuss *** risks **** ***** ****** *** ******* ** the project and how you **** ******* *** ***** ************* ** ************** Internal **** *** *** *********** **** significant ******** ***** *** ************* ******* ** the ******** How might they affect **** ********* ********* *** *** **** *** ******* ***** ******* your response **** ******** examples B ******** *** **** *** ******* *********** *********** risks ******* the ******* that ***** affect project ******** Give ******** ******** *** ******* *** ***** culture ** ******** ** *** ****** ******* ****** *** proposed investment’s ********* ******** ******* disasters? *** **** *** ******* *** these risks? C Microeconomic Assess *** microeconomic ******* that ***** affect ********* ***** *** ******** investment ******* **** ******** **** specific examples *** example *** *********** is *** ****** *** **** be entering? *** elastic is *** price for **** ******* or ********* ********* ********* ********* Use **** ******* ** ******* the *********** of **** ********* *********** ** ********* ********* ** sure ** address: 1 How ***** **** ********* financial *********** ****** ** ***** fall 20% ***** ** ** are *** higher **** **** **** *********** **** **** your ******** of ***** *** scenarios ***** for *** proposed investment? ******* **** *********** **** ** *** *** ******* ***** internal **** ** ****** *** ******* ****** from your **** ******** *** *** ***** variation scenarios above imply *** *** proposed investment? ** **** ** ******* how the **** ***** ** ***** affects your calculations and *********** Financing: ** this ******* ******* *** proposed **** ** *********** ********* ******* **************** ***** *** **** and **** of ******* ***** ***** ******** financing ********** ****** ******* ******* through global capital markets via ***** commercial ***** ***** or ****** ********* Which ***** ** ****** ************ should *** **** *** ** ********* ******* **** ****** **** *********** research and *********** ****** *** ********* of * ******** *********** ** a ********* *** ********* **** *** *** ****** ** **** * ********** ****** *** *** ******** *** ** *** not? 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******** and *** *** loan would ** ********** to *** ***************************** **** Investment Project *** Justification ****** * *** B) In Module **** *** **** ****** * ***** ** ******* II *********** ******** *** Section *** (Justification) ***** * *** B **** ** the ***** ******* ****** 8-10 ***** ** ********* ******** ** *** ********* *** ***** ** *** Module ***** ********* **** short ***** ******* ********** ** past financial results ****** ***** *** ***** ********* ****** ** ********* ** *** *********** *** ******* ** ****** Two *** *** **** appropriate reference citations **** ********* ** ****** **** ************** One ***************** **** Risks In ****** *** you **** submit * draft ** ******* ** (Risks) ** *** ***** ******* ******* ******** *** ******** risks *** discuss *** **** ***** ****** **** financial ********* *** *** you might **** *** such ***** *** **** ****** the microeconomic factors **** ****** ********* ***** *** ******** investment and *** **** analyze *********** financial ********* **** ********* ** ****** with *** ********* *** Rubric Milestone ****** ************* (Part ** ********* *** ***** ********** ****** ***** *** will ****** a ***** ** ******* *** **** * *************** Section V *********** *** Section VI ****** ******* ** *** ***** ******* You **** ******* *** project’s **** likely ********* ************ and *** consolidated financial ********** **** *** without the ******** compare *** ******** **** to *********** ********* ******* ** ******** *** **** *** **** of ******* money ********** versus ******* ******* through ****** capital ******** and ****** the ********* ** * business combination ** * mechanism *** ********* **** the *** ****** You **** also *** **** ******* ** ******** *** ****** **** **** ******* ** ************* ** ********** appropriate ********* *********** *** ** providing ******** of **** company’s legal and ******* behavior **** milestone is ****** with the Milestone Three ************* Submission: ******** ******* Funding ************ ****** **** you **** ***** ******* * ********** Summary) *** ******* *** ********** *** ******** of **** ***** ******* and ****** **** final ******** ******* funding ******** ** should ** * ******** polished ******** ********** all ** the ******** ******** ** the ***** ******* ** ****** ******* *** ************* of ******** gained ********** *** ****** **** ********** **** ** ****** ***** the ***** ******* ****** *********************************************** DueGrading OneInvestment Project *** Justification ****** * and B)FourGraded *********** ********* One ******************************* *********** Milestone Two ******************************** ***** ** ********* *** Track RecordSevenGraded *********** ********* ***** ********************* *********** External ******* ******* ****************** *********** ***** ******* ****** (below) Final Project ****************** *** *********** **** ********** ******* ******** should ** approximately ***** ***** ** length ********** title **** ***** ** ******** spreadsheets and ***** ******** *** list of references) It ****** ** double spaced **** ******** ***** New ***** **** and one-inch margins *** *** ****** *** ********** and ********************* ********* This activity **** ** ********** rubric in Blackboard ******** can **** ********** ******** ** *** ***** ****** For **** *********** ****** these instructions Critical ***************** (100%)Proficient (90%)Needs *********** (70%)Not Evident ****************** ************ **************** criteria ********** ********** *** *** pointsSummarizes *** ****** ofDoes *** summarize *** ****** ************* ** ********** ************ ******** giving ******** *********** but ******* ** *************************** ****** well ****** ******* ********* *********** ********** ********* *********************** ****************** **** ** read furthercontains ************ or **** ******************* *** ******** to *********************************** Project:Meets **************** ******** andDescribes investment **************** investment ******* ******* *** ******** ***************************** target ******** with anproviding ********** ****** ** give ************ ***** ****** containsproject providing sufficient detail especially clear *** ************ sense ** *** ********** ************** or omits ***** **** * **** sense ** the understanding ** ******* *********** market **** and ******************* ** ******************** ** activity market alternatives *** ********** **************** metrics for determiningmarket **** and ************ *** ******** ******************************* ******* *** ****************** *** *********** ************************************ ************* **************** ******** ************ ********* requiredSpecifies ********* ************ not ******* resources533Resourcesresponse is particularlyincluding amount of **** andincluding ****** ** loanrequired comprehensive and **** ************ physical *** financialrequested ***** physical and with ***** ** ********* projectresources ***** **** ************** ********* and ********************** **** **** fromresources **** come **** ********************* ******** ************ ***************** key ********************* ************* “Proficient” ******** ************* when ******* ************** **** ******* ******** *** determine **** ************** ************** **** ***** *** ************ *********** ******** ********* *********** ******** lifewill ***** *********** *************** ********** appropriate ******** **** process ********** choicesand exit ******* ********** *********** and **** ******* justifying diverse ************ *** ***** ****** appropriate ********* *********** ********* ******* ********** with ********* ******************* ***************** ******** *************************** key ******* or ************************** *** *** ******************************* Why 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************************ aligns with the and **** ****** *** ********************* ************** ****** ********* priorities ******************** organizational ************* ******** to ***** **************** ********** supported byby ******** but argument isfinancial ********** ********* ********************* from ******* ************** illogical **************** from company **************** ********* ********* ******************** ** ** poorlyand ********* ********* ************************* by ******** *** ************************ ************************** ************** “Proficient” criteria *********** *** *** ******* fitsAssesses *** the project ******** *** ****** *** *** ************** ************************* ********** strongwithin *** ****** microeconomicwithin *** ****** ***************** ****** the ***************** **** ***** ************************ ********* ************* supported bymicroeconomic ********************** are most ******** ****************** *** ******** ** ************************ strategic *********** ********* contains inaccuracies ** ***** ****************************** ******* and project *** ************************* ************** **************** ******** andEvaluates *** ******* builds onEvaluates *** ******* ****** ****** *** evaluate how ************** Comparativeresponse ** ********** *********************** **** **************************** **** competenciesbuilds on organization’s ****************** ************ with ************ comparative ********* ***** *********** advantage ************** *** ******************** ** projectexplaining *** *** ******* makesexplaining *** *** ******* makesadvantage sense ****************** *** ******** ** ************************* inaccuracies ** ** ************************** ******* ** ********* ********************* FinancialMeets **************** ******** andProjects ************* incrementalProjects **** ******** ******* *** ******* expansion’s533Impact: ***************** ************ * ************* *** ********** ************ **** ********* *************** ****** ******************** ** thebenefits *** ******** ********** using ****************** cash benefits ******************** *** financialspecified time period usingpresentation ******* *** justifyingoutflows **** ********* time principles that underlie businessrelevant presentation ******* ************* *** methodologyperiod projectionssupport ********* and ************* response *************************** and methodologyinaccuracies ***** *** details *************** ** ***** *************** ****** ******** in and ********* *********************** *** financial principles Justification: FinancialMeets **************** ******** *********** ************ financialDevelops consolidated ************* not ******* ********************** *********************** ********************* *** overall ****************** *** ******* businessfinancial ********** *** ********************* **** ******* **** ******* and without *** proposedwith *** ******* *** **************** with *** ******* the short *** *********** financialinvestment over ********* ************** over ********* ************ ********** ************** ** the ********* ** ********* ***** ************** ***** relevantspecified **** ********************* overall *********************** ******* to ******************* ******* ******************** and ********** ****************** *********** ****************************** ******** ************ ***************** *** ***************** ************* **************** ******** *********** how *********** ************ how company’s ******** not ******* how **************************** especially *************** ******** ***** ************** internal risks andmost significant internal ***** ************** **** *** links ******************** might ******************* ***** ******************* ***** ****************** risks and ********************** estimates and *** ************* ********* and *** ************* ********* *** *** ***************** *********** and planningwill be ********* ********* ****** ** ********* ********* ****** ** addressed for business expansionspecific **************** ******** but ************************** inaccuracies ***** ******************** ** ***** **************************** and ******** are tenuous Risks: ************* **************** ******** ************ *** *********** ***************** how *********** ************ *** evaluate *** **************************** ************ keennon-financial risks that ****************** risks that ************* ************* ***** that insight **** how external *********** ******* success **** beaffect project ******* **** ******* affect project success ************** ******* ******* ************ ****** ***************** ****** ********** ********************** ************************* *** ******** ****************************** ***** *** ******* ******************** *** not ****************** MicroeconomicMeets **************** ******** *********** *** ********************* *** ***************** not assess ****************** is ********** isfactors **** ***** ****** **************** **** ***** ****** ********************** factors **** ******************* ******* and ********* *** ******** investmentabout the ******** **************** ********* about ************** with ********* ***** *********** by specific ***************** by specific **************** ************************** ******** contains inaccuracies omits key ******* ******************** *** not relevant Risks: ************** **************** ******** andProjects *** financialProjects *** ************* *** ******* *** financial533Financial: ***** ************** ** ************ forperformance ***** ****** ************* ***** ****** ************* ***** change ************** and ************** **** 20% ***** of ** *** ******** fall 20% short ** ** *** ******** **** *** short of ** *** 20% performance ** ****************** than **** **************** **** **** assumptionhigher than **** assumption nuanced *** **** ****************** **** analysis of ************ **** analysis implies ******************** ******* for the proposedthe proposed ********** ********************* ********** responseresponse ******** inaccuracies omits key ******* ** ** *********************************** ************** “Proficient” ******** *********** **** *** ******* ************* what *** ******* ********* *** assess **** *** ******************** **** Value ************** **** insight intointernal **** ** return andinternal **** ** ****** andvalue internal **** ** return ************* ******* ********* ********** ****** from **** ********** ****** **** base ********** values **** base **************** ******* ****** ************ variation ********* ***** ******** ********* ********* ***** forsales ********* ********* imply ****************** *** ************* proposed investmentthe ******** ************* ******** ********************** ****************** *** **** ***** *********** *** **** value *************** affects ************ ******** ******* ************ and analysisanalysis *** response ****************************** ** omits *** ********************* GlobalMeets “Proficient” ******** ********* **** *** **** ** raisingWeighs pros and cons ** ************ *** ***** **** and **** ************ Marketsassessment is ***************** ***** ******** ****************** versus ****** capitalraising ***** using internal nuanced *** ******** to ********* ****** capital ************ ********** ******************** ****** ****** ******************* needs of *** ******************* *********** ************ ************ based ******** **************************** ***** ** ******************* *** ******** ******************* *** **************** contains *************************** key ******* ** ******** ********************* are *** ******** ********************************* BusinessMeets **************** ******** *********** *** ********* ** * **************** *** ********* ** * ************ not assess viability ** ************************* ** particularlycombination ** * ********* ************** as * ********* *********** combination as ************ and relevant ** ************ into the new *************** ********* by ***************** for expanding **** the specific needs of *** ****************** ** ************** ******** but response isnew ****** ********* by research and evidencecursory ******** inaccuracies ********** *** evidence research *** ******** *** not appropriate Track Record: FinancialMeets **************** ******** *************** ****** ********** **** organization ** ****** *** argue **** ******************************** ** ************ ********************** ** ** ***** ************** financial ******* supportedis on ***** ********* footing and **** ****** *** ***************** ********* by ************* financial statements ratios target ******** ** ***** **************** statements ****** ****** other ********** of *************************** ********** of ******************** *** ****** ********************** *** ************** ** ******* contains inaccuracies ** **************************** ** not ***************************** ** ********** ***************************** ******* ***** andMeets **************** ******** *************** ****** ********* *** organization’sDoes *** ***** for organization’s4Ethicalresponse ** ************ ************************** ****************************** providingtrustworthiness and well ****** *** convincingproviding ******** ******** ********** of ***** *** ******************* audience ** ***** ************ *** ******* ********* ***************** ******** but argument ************************ contains ************ ******************** is *** credible ********************** ** lenders Questions and AnswersMeets **************** criteria andConstructs ********** evidence-Constructs question *** ********** *** construct ******** ************** is particularly *************** question *** ************* **** addresses potentialanswer ******* **** **************** *********** for ***************** that ********* ************** ********* ******************* ********* ********* ************** audience to ***** **************** ********* ************* ***** *** **************** ***** *********************** ***** *** ***************** *** *** **** ***** *************** *** ******* concerns ************* ** **** *** ******************* *** loan ***** ** ****************** inaccuracies ** ************* *** ************** ** is *** *********************** ** ************************ ************ ** free of **************** has ** ***** **************** *** ***** errorsSubmission *** ******** errors2Responserelated ** ********* ************** ** ********* ************** ** ********* ************** ** citations ******************* ****** *** organizationspelling ****** ** ******************** ****** ** ******************** ****** or ******************* ** ********* ** * ****************** negatively ****** readabilitythat prevent ************* of and ************ *********** articulation ** **** *******************************