Implementing Feasible Business Solutions in MBA Research Reports
Your MBA Capstone project should not only present business solutions but also recommend how they can be implemented effectively. Feasible solutions take into account the business’s current resources, operational capacity, and market conditions.
3.1 Steps for Implementing Business Solutions
- Assess Resource Availability: Determine if the company has the necessary resources (capital, talent, technology) to implement the solutions. If resources are insufficient, suggest ways to acquire them, such as seeking investment or partnerships.
- Timeline for Implementation: A clear timeline should be established for each solution. Break down the solution into actionable steps and outline when each will be implemented. For example, if implementing a new customer service strategy, propose phased implementation—beginning with pilot testing and then scaling up.
- Ownership and Responsibility: Assign responsibilities to specific teams or individuals within the organization. Clear accountability is crucial for the success of any solution.
- Milestones and Metrics: Define milestones and key performance indicators (KPIs) to track progress and measure success. For example, if launching a new marketing campaign, set KPIs like customer engagement rates or sales conversion rates.
3.2 Addressing Potential Barriers
While proposing solutions, always address potential barriers or challenges (e.g., resistance to change, insufficient technology, or lack of expertise). Suggest ways to overcome these challenges, such as training employees, upgrading technology, or adjusting the organizational structure.
