In this project, you will complete Phase 3 of the Asia Division Business Unit Strategy Management Plan. Drawing from the course material, you will You are also completing this project to help develop critical thinking and develop part of a management plan. You will be required to research the cosmetic industry as a continuation of Project 1. Do not take the research lightly as you are required to do significant research to answer the requirements of the project. The Executive Director for the new Asia Division has been asked by Max Barney to put together, and present in a memo to him, a business unit strategy that will be a guide for the next year as the new division moves forward. The Executive Director will be working with the consulting group over the next 5 weeks and they will assist with putting together this plan. The final plan will be laid out as outlined below and developed in three phases. You have successfully completed Phase I and Phase II and it is now time to complete Phase III. In the third phase, Section I and Section VII will be completed. Section II Goals and Objectives Section III Competitive Analysis Section IV Description of Organizational Structure and Culture Section V Breakdown of Product and Services Section VI Communications Plan A Business Unit Strategy will provide the organization an opportunity to explain the goals and objectives of the new division and help with the development of the strategy to achieve them. The plan will allow the company to gain insight into the current status of the industry it is venturing into using internal and external analysis tools, and then use this analysis to design its divisions business environment. In addition, the plan will be used to form the team that will bring the vision for this division to reality. These two sections will finalize the Business Unit Strategy the group from GoTo has been assisting the Executive Director with, and should now be tied together as a single document. Incorporate all three phases into a single paper for deliver. You will need the to complete the analysis. A human resource plan will allow the director of the new Asia division to identify the future human resource needs for the organization. The director has asked the GoTo Consulting group to evaluate the product line identified and conduct market analysis to determine possible man power needs for the product manufacturing and all management and supervisory roles (to include all levels of management). The management levels should have been identified in the Description of Organizational Structure and Culture section of this strategy, but the resource needs in manufacturing will need to be considered. Remember the only person currently hired for the new facility is the Director so there will need to be Assistant Division Directors (ADD) for the other areas identified
in the Structure such as Marketing, R&D, Sales, etc. Each of the ADDs will need to have staff as well; you will need to identify how each ADD will be provided staff. Will they identify and interview themselves or will HR be a part of the hiring process. The Organizational Chart is also a part of the HR plan so ensure it is also placed in this section for reference. Training is a key to retention in business today; employees like to feel they are important to the organization and investment in their competencies shows commitment to them. So, consider what the new division will need to do to ensure they are keeping the best talent they find. Evaluation is another way organizations can show their commitment to employees. How will the new division conduct employee evaluations based on what is common in the area that the GoTo group identified? This will require a level of research in common HR practices in that region. The group needs to remember that this is a brand new division that will be selling products that Biotech currently is not involved in so all aspects of business will need to be considered such as marketing, etc. Remember there is no perfect HR Plan, just plans that work and plans that do not. Good plans consider the employee and the culture around them just as important as the organization itself. The Executive Summary will be the first section of the paper but should be written last since it will highlight what is intended for discussion in the rest of the strategy. A good executive summary is compelling. It reveals the companys mission statement, along with a short description of the products Biotech will provide at the launch of the new division. It is also necessary to briefly explain why Biotech is starting the new division and include details about Biotechs experience related to the industry the company is entering. Read the paper to ensure all required elements are present. Use the grading rubric to ensure that you gain the most points possible for this assignment. Proofread the paper for spelling and grammatical issues, and third person writing. (The assignment submitted to the Assignment Folder will be considered the students final product and therefore ready for grading by the instructor. It is incumbent upon the student to verify the assignment is the correct submission. No exceptions will be considered by the instructor). Create a Word or Rich Text Format (RTF) document that is single-spaced, with double spaces between paragraphs. Use 12-point font. The final product will be 6-8 pages in length excluding the title page and reference page. Write clearly and concisely. In order to complete this project, you will want to first read the module, Learn How to Support What You Write, as this assignment requires you to use the course readings and research to support what you write. Also,