Description/Focus: Group Research Assignment Value: 30% Due date: Week 8 – presented in practical session Length: Pharmacy Business Plan (10 A4 pages) 5-minute pitch Task: In groups of three or four, prepare a business plan in line with the 2017 Pharmacy Guild of Australia’s National Student Business Plan Competition. Your plan must include the following: • An executive summary • a short description of the business • marketing and sales strategy • management team and personnel summary • operations management • Financial forecasts • SWOT or opportunity analysis including demographics etc Note: The business plan MUST be based on the ‘Foundation Pharmacy Profile’ which is contained in the Appendix section of the NSBP competition booklet. All entries must use the ‘Foundation Pharmacy Profile’ from which to develop their new pharmacy business. - The pitch should highlight why investors should provide financial support for the innovative pharmacy ideas set out in the business plan your team submits.Prepare and present 5 minute pitch Preparation: Attend business plan workshop in week 1 Meet with your primary mentor (mentor must be a pharmacy owner – past or present) Presentation: Business plans must be in the following format: • biography page with maximum 200 words for each team member and team mentor; • maximum ten A4 pages for all content inclusive of graphs, charts, tables, pictures etc; • one additional page for Title Page; • one additional page for Contents; • single spaced text using Calibri font (font size 11); all pages to be A4 ONLY Assessment criteria: The rubric for this assessment item will be discussed during the introductory lecture for this unit. As this assessment item requires group work, each student will receive the same mark for the work submitted. If intragroup feedback demonstrates a lack of contribution by any individual group member, that student may be penalised A Short Description of the business: this must include one ‘new to market’ or ‘highly differentiated ’service that will be offered by the pharmacy and one social outreach or community initiative that will be offered; Marketing and Sales Strategy—outline how you will sell your business and why people will buy from you; S.W.O.T Analyis: SWOT Analysis of service strategies for the pharmacy: 1. Strengths 2. weaknesses 3. opportunities 4. threats Look at the past example