EXTRA FIRST CLASS COC COUSES

PART ‘B’

Subject: Management Techniques and Applications (B2)

Batch & Year: 2016

Instructions for assignments:

1. This assignment has to be prepared as per “DGS requirements for assignments of Extra
First Class COC Courses”. These requirements have been already communicated to you
through email.
2. The assignment is to be sent to faculty in-charge in soft copy with copy to
extrafirstclass@ gmail.com

TOPIC:
When an entrepreneur conceives the idea of starting a business he/she has to prepare a plan, as to
how to go about it. This plan may be called “Business plan”. The typical contents of a business
plan are:
(i). Mission statement
(ii). Main objectives
(iii). Business Environment
(iv). Strategy
(v). Project
(vi). Financial Forecast
(vii). Human Resources
(viii). Concluding Remarks.

The Vision, Mission, Objectives, Strategies, Tactics can be understood via the questions given in
the table below:

CONCEPT QUESTION
Vision What do we want to become?
Mission What is our business?
Objectives What do we want to accomplish?
Strategies In general terms, how are we going to get the job done?
Tactics In specific terms, how are we going to get the job done?
THE CONSTITUENTS OF THE CORPORATE MISSION
•Ambition and visionary zeal
•Values
•Beliefs
•A specification of the business
A mission statement answers three key questions:
•What do we do?
•For whom do we do it?
•What is the benefit?

DIFFERENCE BETWEEN A MISSION STATEMENT AND A VISION STATEMENT

•A mission statement is what an organization is all about.
•A vision statement is what the organization wants to become.
A vision statement describes how the future will look if the organization achieves its mission. A
mission statement gives the overall purpose of an organization, while a vision statement describes
a picture of the “preferred future”,

ASSIGNMENT: Prepare a business plan assuming that you envisage starting your own
shipping company. [20]

TOPIC LENGTH: Approximately 1200 words

RETURN DATE: not later than 20 August 2016

Name of the Assessor: Wallace J.

Date: 05 August 2016