Chapters in the business plan include:
1. Overarching Strategy
The Overarching Strategy provides a general framework for the Bruce Centre of Excellence’s specific goals and aspirations and defines the scope of what the Centre should undertake to create an environment of economic development and innovation in the region. As the term overarching suggests, these strategies will affect everything the Centre undertakes and expects to achieve.
2. Business Case
The Business Case provides the business rationale for undertaking the project and defines the parameters and management factors involved in developing the Centre of Excellence as it fits into the overall development agenda of the region. It will provide a tool to guide the design, management, and evaluation of the project.
3. Operating Model
The Operating Model makes it possible to deliver the strategy and business case –how the Centre will deliver value to users as well as how the organization will function. The Operating Model represents the bridge between the strategy and the day-to-day operations that guide the Centre’s team, providing the context, and enabling the behaviours that help realize the strategy and vision.
4. Financial Forecast
The Financial Model provides details on the operational and financial requirements of the Centre. The model will help attract investment and serve as a financial guide to running the Centre. Further, it helps identify future revenue and expenditure trends that may have an immediate or long-term influence on the Centre’s policies, strategic goals and/or services.
5. Tactical Roadmap
The Tactical Roadmap provides an interactive and detailed time-bound analysis of each activity required for successful establishment of the Bruce Centre of Excellence. The roadmap includes the major steps and milestones needed to reach the detailed objectives outlined in each of the previous chapters.
Together, the five chapters provide the framework for ensuring both short-term and long-term success.