Strategic Funding Pitch for a New Product Innovation: Gaining Competitive Advantage Through Growth and Sustainability


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Competencies

In this project, you will demonstrate your mastery of the following competencies: Determine how an organization gains a competitive advantage

Determine organizational risk and growth opportunities in order to develop a strategic plan Defend business decisions in support of an organization’s strategic plan

Scenario

It’s the moment of truth: your opportunity to demonstrate why your new product or service is worth funding. You have done the research and know that the funding you seek can be a game changer for the company. Not only will it produce revenue and profitability, but more importantly, it will strategically set the company apart from its competition.

You just have to convince senior management.

In preparation, you have created a checklist for yourself to use in compiling information that includes research, feasibility of the idea via the BMC, scope of project (timeline included), project risk mitigation, DEI, CSR, and 24-month pro forma.

You know that anything can happen in a funding pitch. With this in mind, you are prepared to answer questions that encompass all aspects of the project.

Directions

Create a pitch for funding. In this pitch, you will have to convince senior management to greenlight the new product or service. Aspects of the pitch that must be addressed:

  1. Value proposition: Describe the company’s current value proposition in the market.
    1. Describe the selected company’s main product or service.
    2. Discuss the company’s overall strategic plan.
  2. Competitive advantage: Describe the competitive advantage the company will gain by funding the project.
    1. Describe how you discovered an opportunity to do something better than your competitors.
    2. Determine how the new product or service shifts the value proposition of the company.
  3. Risks and opportunities: Establish the risks and growth opportunities of the company.
    1. Determine if the new product or service could disrupt the current industry.
    2. Identify the risks associated with the development of this new product or service.
  4. Growth opportunities: Describe the areas of potential growth for the company.
    1. Identify the growth opportunities within the company.
    2. Explain how the competitive advantage allows for growth.
  5. Distinguish as a new product or innovation: Distinguish the new product/service as an innovation or improvement on an existing product/service.
    1. Determine if the product or service fits within the capabilities of the company.

Note: a company’s SWOT analysis or 10-K is an indicator of whether the new product or service could be feasible.

  1. Explain how the new product or service adds to the portfolio of the company.
  2. Target segment: Describe the targeted segment.
    1. Identify the target customer.
    2. Explain your blue ocean strategy.

Note: The new market is identified here.

  1. Speculate sales: Speculate on the projected sales.
    1. Justify your product or service by the numbers; discuss your projected revenue gain.

Note: it MUST have an ROI that justifies the project for investors and/or senior management.

  1. Explain the risks associated with projected sales.
  2. Speculate profitability: Speculate on the profitability of your proposed product or service.
    1. Determine if the project is profitable.

Note: In this pitch for funding, senior management has to know that the project, based on market research, is speculated to be profitable. Use the company’s current income statement to project how the company’s profitability will be affected. Look to other companies in the marketplace with products or services similar to the one you are proposing as a basis for your projections. Note: these numbers are purely speculative.

  1. Determine the impact on the functional areas of the business (accounting, marketing, sales, and so on).
  1. CSR plan: Outline the plan to service the community or customers that purchase the product or service.
    1. Discuss how the idea demonstrates corporate social responsibility (CSR).
    2. Identify what the company has invested in as it relates to the communities they serve.
    3. Discuss how a good CSR plan helps the company gain competitive advantage.
  2. DEI plan: Summarize how the project will include a variety of perspectives to get a better unique value proposition.
    1. Determine if the company has a corporate culture built on DEI.
    2. Discuss how the project’s DEI plan fits into the company’s overall strategic plan.

What to Submit

To complete this project, you must submit one of the following:

Funding pitch video or audio recording

Film a 15-minute camera facing or audio only recording. It must be submitted as one of the following file types: SWF, MPG, MPEG, RM, MP3, MP4, M4V, M4A, AVI, WAV, RAM, ASF, MOV, RA. You must also submit a speech outline in a Word document with the topics listed in order and a References page. Sources should be cited according to APA style.

OR

Funding pitch script

Your script should be written as if you were delivering the speech, submitted as a 7- to 8-page Word document. Sources should be cited according to APA style.

Project Rubric

CriteriaExemplary (100%)Proficient (85%)Needs Improvement (55%)Not Evident (0%)Value
Value Proposition: MainExceeds proficiency in anDescribes the selectedShows progress towardDoes not attempt criterion3
Product or Serviceexceptionally clear,company’s main product orproficiency, but with errors
insightful, sophisticated, orserviceor omissions; areas for
creative mannerimprovement may include
descriptions that are lacking
in detail or inaccurate
CriteriaExemplary (100%)Proficient (85%)Needs Improvement (55%)Not Evident (0%)Value
Value Proposition: OverallExceeds proficiency in anDiscusses the company’sShows progress towardDoes not attempt criterion5
Strategic Planexceptionally clear,overall strategic planproficiency, but with errors
insightful, sophisticated, oror omissions; areas for
creative mannerimprovement may include
incomplete or inaccurate
descriptions of strategic plan
Competitive Advantage:Exceeds proficiency in anDescribes how youShows progress towardDoes not attempt criterion4
Opportunity Discoveryexceptionally clear,discovered an opportunity toproficiency, but with errors
insightful, sophisticated, ordo something better thanor omissions; areas for
creative mannersomeone elseimprovement may include
descriptions that are cursory
or incomplete
Competitive Advantage: ValueExceeds proficiency in anDetermines how the newShows progress towardDoes not attempt criterion5
Proposition Shiftexceptionally clear,product or service shifts theproficiency, but with errors
insightful, sophisticated, orvalue proposition of theor omissions; areas for
creative mannercompanyimprovement may include
inaccurate or cursory
explanations
Risks and Opportunities:Exceeds proficiency in anDetermines if the newShows progress towardDoes not attempt criterion4
Industry Disruptionexceptionally clear,product or service couldproficiency, but with errors
insightful, sophisticated, ordisrupt the current industryor omissions; areas for
creative mannerimprovement may include
discussion that is incomplete
or inaccurate
Risks and Opportunities: RisksExceeds proficiency in anIdentifies the risksShows progress towardDoes not attempt criterion4
Associated With Developmentexceptionally clear,associated with theproficiency, but with errors
insightful, sophisticated, ordevelopment of this newor omissions; areas for
creative mannerproduct or serviceimprovement may include
risks that are inaccurate or
lacking in detail
Growth Opportunities:Exceeds proficiency in anIdentifies the growthShows progress towardDoes not attempt criterion5
Company Growthexceptionally clear,opportunities within theproficiency, but with errors
Opportunitiesinsightful, sophisticated, orcompanyor omissions; areas for
creative mannerimprovement may include
CriteriaExemplary (100%)Proficient (85%)Needs Improvement (55%)Not Evident (0%)Value
growth opportunities that are inaccurate or lacking in detail
Growth Opportunities:Exceeds proficiency in anExplains how theShows progress towardDoes not attempt criterion5
Competitive Advantageexceptionally clear,competitive advantageproficiency, but with errors
insightful, sophisticated, orallows for growthor omissions; areas for
creative mannerimprovement may include
explanations that are lacking
in detail or inaccurate
Distinguish as a New ProductExceeds proficiency in anDetermines if the product orShows progress towardDoes not attempt criterion4
or Innovation: Fit Within theexceptionally clear,service suggested fits withinproficiency, but with errors
Capabilities of the Companyinsightful, sophisticated, orthe capabilities of theor omissions; areas for
creative mannercompanyimprovement may include
discussion that is inaccurate
or cursory
Distinguish as a New ProductExceeds proficiency in anExplains how the newShows progress towardDoes not attempt criterion4
or Innovation: Overallexceptionally clear,product or service adds toproficiency, but with errors
Portfolio Additioninsightful, sophisticated, orthe portfolio of the companyor omissions; areas for
creative mannerimprovement may include
explanations that are
fragmentary or incomplete
Target Segment: TheExceeds proficiency in anIdentifies the targetShows progress towardDoes not attempt criterion5
Customerexceptionally clear,customerproficiency, but with errors
insightful, sophisticated, oror omissions; areas for
creative mannerimprovement may include
discussion of target
customer that is lacking in
detail or inaccurate
Target Segment: Blue OceanExceeds proficiency in anExplains blue ocean strategyShows progress towardDoes not attempt criterion5
Strategyexceptionally clear,proficiency, but with errors
insightful, sophisticated, oror omissions; areas for
creative mannerimprovement may include
explanations that are cursory
or inaccurate
CriteriaExemplary (100%)Proficient (85%)Needs Improvement (55%)Not Evident (0%)Value
Speculate sales: Projected Revenue GainExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerJustifies your product or service by the numbers: discusses your projected revenue gainShows progress toward proficiency, but with errors or omissions; areas for improvement may include justifications that are incomplete or inaccurateDoes not attempt criterion4
Speculate sales: Risks Associated With SalesExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerExplains the risks associated with projected salesShows progress toward proficiency, but with errors or omissions; areas for improvement may include explanations that are not associated with projected sales or fragmentaryDoes not attempt criterion5
Speculate Profitability: Is the Project Profitable?Exceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerDetermines if the project is profitableShows progress toward proficiency, but with errors or omissions; areas for improvement may include determinations that are incomplete or lacking in detailDoes not attempt criterion4
Speculate Profitability: Impact on Functional AreasExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerDetermines the impact to the functional areas of the businessShows progress toward proficiency, but with errors or omissions; areas for improvement may include discussion that lacks detail or does not assess the impact on functional areas of businessDoes not attempt criterion5
CSR Plan: The CSR DataExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerDiscusses how the idea demonstrates corporate social responsibility (CSR)Shows progress toward proficiency, but with errors or omissions; areas for improvement may include discussions that don’t address CSR or are lacking in detailDoes not attempt criterion4
CriteriaExemplary (100%)Proficient (85%)Needs Improvement (55%)Not Evident (0%)Value
CSR Plan: Community InvestmentExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerIdentifies what the company has invested in as it relates to the communities they serveShows progress toward proficiency, but with errors or omissions; areas for improvement may include explanations that are lacking in detail or don’t relate to the community being servedDoes not attempt criterion4
CSR Plan: Increasing the Competitive Advantage of the CompanyExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerDiscusses how a good CSR plan helps the company gain competitive advantageShows progress toward proficiency, but with errors or omissions; areas for improvement may include discussions that are lacking in detail or are not targeted toward helping to gain competitive advantageDoes not attempt criterion3
DEI Plan: The CultureExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerDetermines if the company has a corporate culture built on DEIShows progress toward proficiency, but with errors or omissions; areas for improvement may include descriptions that are lacking in detail or cursoryDoes not attempt criterion3
DEI Plan: Overall Strategic PlanExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerDiscusses how the project DEI plan fits into the company’s overall strategic planShows progress toward proficiency, but with errors or omissions; areas for improvement may include discussion that is missing key components or is inaccurateDoes not attempt criterion5
Articulation of ResponseExceeds proficiency in an exceptionally clear, insightful, sophisticated, or creative mannerClearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purposeShows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readabilitySubmission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas5
CriteriaExemplary (100%)Proficient (85%)Needs Improvement (55%)Not Evident (0%)Value
Citations and AttributionsUses citations for ideas requiring attribution, with few or no minor errorsUses citations for ideas requiring attribution, with consistent minor errorsUses citations for ideas requiring attribution, with major errorsDoes not use citations for ideas requiring attribution5
Total:100%
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