PART 1Write a 1,000 word paper in which youexplain the impor

PART 1Write a 1,000 word paper in which youexplain the importance of innovation in your selected business’s vision,mission, and values, and determine your business model for this newdivision. Include the following:Propose a new product or service for the new company division. Thedivision should be customer-focused with an innovative missionstatement. Ensure that you are differentiating your product or service.Describe how the division addresses customer needs and achieves competitive advantage.Create a vision and a business model for this new division thatclearly demonstrates your decision on what you want your business tobecome in the future.Explain how the vision, mission, and value of the new division align with the company’s mission and vision.Summarize how the vision, mission, and values guide the division’s strategic direction.Define your guiding principles and values for your division in the context of culture, social responsibility, and ethics.Format your paper consistent with APA guidelines.********************************************************************************PART 2Conduct an internal and external environmentalanalysis, and a supply chain analysis for your proposed new division andits business model.Create a SWOT table summarizing your findings. Yourenvironmental analysis should consider, at a minimum, the followingfactors. For each factor, identify the one primary strength, weakness,opportunity, threat, and trend, and include it in your table.External forces and trends considerations:Legal and regulatoryGlobalEconomicTechnologicalInnovationSocialEnvironmentalCompetitive analysisInternal forces and trends considerations:StrategyStructuresProcesses and systemsResourcesGoalsStrategic capabilitiesCultureTechnologiesInnovationsIntellectual propertyLeadershipWrite a synopsis of no more than 400 words inwhich you analyze relevant forces and trends from the list above. Youranalysis must include the following:Identify economic, legal, and regulatory forces and trends.Critique how well the organization adapts to change.Analyze and explain the supply chain of the new division of theexisting business. Share your plans to develop and leverage corecompetencies and resources within the supply chain in an effort to make apositive impact on the business model and the various stakeholders.*************************************************PART 315 slide Power Point to include your balanced scorecard and itsimpact on all stakeholders, and the communication plan. You may create abalanced score card for an organization (on one slide) and provide atleast 2 elements for each factor/element on the score card. Or. you maybreak- the scorecard down into 4 or more quadrents. In this case youmust provide at least 2 elements for each factor/element on the scorecard on different slides. In this case you should have 15 slides.2-3 paragraphs Identify key trends, assumptions, and risks in the context of your final business model.Address of the following in your PPT. Remember, at least 2 factors per objectiveDevelop the strategic objectives for your newdivision of the existing business in a balanced scorecard format in thecontext of key trends, assumptions, and risks. The strategic objectivesare measures of attaining your vision and mission. As you develop them,consider the vision, mission, and values for your business and theoutcomes of your SWOT analysis and supply chain analysis.Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as:Market shareRevenues and costsProfitabilityCompetitive positionCustomer Value Perspective, which includes strategic objectives in areas such as:Customer retention or turnoverCustomer satisfactionCustomer valueProcess or Internal Operations Perspective, which includes strategic objectives in areas such as:Measure of process performanceProductivity or productivity improvementOperations metricsImpact of change on the organizationLearning and Growth (Employee) Perspective, which includes strategic objectives in areas such as:Employee satisfactionEmployee turnover or retentionLevel of organizational capabilityNature of organizational culture or climateTechnological innovation