Step 1: Choose your company and name it. This could be a law firm, marketing agency, IT company, accounting firm, human resource/recruiting firm or a service-based firm of your choice. The firm has been in business for 5-10 years and is past the start-up stage.

Step 2: Research the type of firm/industry you have chosen to gain an understanding of the typical corporate structure that these types of firms have.

Step 3: Create a presentation. Your presentation should contain the following sections:

• Define the products and services the firm delivers to its clients and define its functional-level department structure.
• Determine and outline your firm's core competencies. Identify potential strengths and weaknesses.
• Analyze the value chain of your firm for the purpose of determining where you are able to create value using your resources, capabilities, and core competencies.
• Describe which functions or activities the firm might be weak in and could be outsourced in order to improve its ability to use its remaining resources to create value.