Final Frugal Innovation Business Plan (Week 7, 5,000 words, 20%)
In Week 7, you will complete your work on the Module Project. Throughout the module, you will design a frugal innovation plan, which should include your frugal innovation idea and the reasons you believe it will succeed. This is the basis of your report, which will be approximately 5,000 words.
Your report should be written in standard business English that favours ease of comprehension. This means that sentences and paragraphs will be shorter compared to standard academic English, and it is acceptable to use bullet points in your business plan to get your point across concisely. Use research from your submissions in Weeks 3 and 5 as well as the theoretical foundations that you have covered in this module to strengthen your arguments and move beyond subjective opinions. You are also encouraged to support your arguments and analysis with visuals, such as charts and diagrams. Business plans do not have a set number of sections, but make sure you clearly label your sections with appropriate headings. It is suggested that you include an Executive Summary, Introduction (your Overview and Vision Statement), Findings and Recommendations (your Product Implementation and Partnership Opportunities) and the Conclusion. Make it concise, to the point and convincing. Write with a specific audience in mind, and try as best you can to generate a genuine buy-in.
You will include the following:
• Plan Overview and Vision Statement (1,500 words)
o Revise your Week 3 submission for this section.
• Product Implementation (2,000 words)
o Outline a marketing strategy.
o Provide a description of the types of employees needed and potential challenges surrounding employer/employee relationships.
o Detail the production process and resources needed.
o Address the role of ethics and corporate social responsibility (CSR) within your business.
• Partnership Opportunities (1,500 words)
o Detail the potential role of partners, including strategic corporate partners and any non-governmental organisations (NGOs) or civil society partners.
o Describe how you will build social capital.
o Envision how you could expand globally with this venture.
o Complete an executive summary.

Final Frugal Innovation Business Plan (Week 7, 5,000 words, 20%) I...