MSN6216 | Finance in Business - Capella university

MSN6216 - Advanced Finance and Operations Management Unit 7 Discussion New Product Launch Discuss the relevance and importance of a business plan for launching a new product or service line. Why must nurse leaders be comfortable and competent in creating business plans? Describe two benefits of having a business plan prior to the launch. Why must nurse leaders assist the organization in making strategic business decisions for new products or service lines? Provide an example of a new product or service line that would enhance patient care, and explain how a business plan strengthens the proposal for that acquisition. Ensure that your discussion post is adequate in length by following the requirements for postings found in the Faculty Expectations Message (FEM). In addition, be sure to cite at least one source from the assigned readings or other professional and scholarly literature, as applicable, to support your position, substantiate a claim, or when referring to the ideas or work of others. Response Guidelines Read as many posts as time allows. Respond to the required number of peers and use the word count stated in the FEM, preferably responding to posts that have had few or no responses. Your responses are expected to be substantive in nature. You are encouraged to ask questions, elaborate on a particular point, offer an alternative viewpoint, or add comments that extend or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following questions:

Do you agree or disagree with your colleague’s position on why nurse leaders must be competent in creating business plans? Why or why not? What additional benefits of a business plan do you see as important that you could share with your colleague? What are the implications for the organization if nurse leaders are not included in strategic decision making about a new product or service line? Learning Components

This activity will help you achieve the following learning components:

Identify strategic objectives. Proofread and edit written communications. Apply the principles of effective composition. Identify the mission and goals of an organization. Determine the need for particular assets, equipment, services, or goods. Identify productivity goals. Identify fiscal performance goals and metrics. Determine how specific equipment and services contribute to organizational goals. Determine how a department, unit, or project aligns with the mission and goals of an organization.