BUSBTC301 - Business Foundations I

This course utilizes a business plan development model to study the interrelationships among business functional areas and provide an understanding of how businesses create value. It provides skills for successful team management and business communication, including an understanding of the language of business, considers the economic, legal, and social environments in which business operates, and introduces the principles of responsible business practices.

These artifacts show I have developed and gained additional knowledge of the course outcomes in a multitude of ways. It shows I am able to communicate respectfully with many team members in an efficient manner to execute projects with a deadline. They show how many business functions are used to create value. Dutch Bros. ended up being a great example of why they are so successful and was a great insight to research why they are. While researching Dutch Bros. business model canvas, I was able to gain knowledge that added to my understanding of financial sustainability, a business's social responsibility, and environmental sustainability. By understanding how a business must react to events in the community, such as the solar eclipse and using sustained and eco-friendly resources. This artifact will allow me to display my ability for interpreting financial information and converting it, so I am able to communicate with interal and external stakeholders. I will be able to demonstrate my understanding of the processes and the purposes of a business and its actions.

Since this artifact was a team project, I will explain my responsibilities. In the team charter, I was held accountable for gathering information related to the size of the Dutch Bros. This include whether the company was local, regional, or international. Additionally, I also included information on how many fracases, employees they have and how much revenue they earned in 2015. In the Business Model Canvas Summary and Building Blocks, I was responsible for researching Dutch Bros.'s value proposition, cost structure, and revenue streams.

I have chosen to include this artifact because I believe that it more representative and adds additionally knowledge to my understanding of how a business must function. My team and I were instructed to start a company and figure out how to make the company profitable. This project allowed me to understand how a business must know who they marketing their product to, how much to manufacture, applying a retail price compared to cost of production. My role in this team project was VP of manufacturing. In this role, I was responsible for understanding how demand for a product was related to how much the costumer base is willing to buy and how much the company was able to produce.