BSBMGT617 Develop and implement a business plan

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Reference no: EM132488808

BSBMGT617 Develop and implement a business plan - Choice Business School

Project: Develop a Business Plan

Performance objective
Demonstrate the skills and knowledge required torun a business operation and covers the steps required to develop and implement a business plan.

Specifications
You are to submit the following:
• Your meeting plan
• Copies of documentation provided to employees
• Your assessor will observe you running the meeting

Your assessor will be looking for your ability to:
• analyse and research business vision, mission, values, objectives, goals, competitors, financial targets, management arrangements, marketing approaches and strategic, business and operational plans
• write a business plan which includes a description of the business, products and services, financial, physical and human resource requirements, permit and licence requirements, marketing activity, financial indicators, productivity and performance targets for key result areas
• implement a business plan including ensuring skilled labour is available, and that training is provided where appropriate
• monitor and respond to business performance including evaluation of performance against key results indicators including profit and loss, community awareness or branding, environmental impact, governance, quality, sales, triple bottom line and the workforce
• consult, communicate with and report to key stakeholders including business partners, financiers, customers, staff and technical advisers
• provide an analysis of the strengths and weaknesses of a business plan.

Question 1. List 5 characteristic that should form part of a Key Performance Indicator
Question 2. List 3 alternative approaches to developing key performance indicators to meet business objectives
Question 3. What is the difference between a strategic KPI and an operational KPI?
Question 4. What should you consider when formulating your business goals?
Question 5. What is normally included in a typical business plan?
Question 6. What should be identified in your marketing plan?
Question 7. What should be considered when developing an operational plan?
Question 8. What should be included in your financial plan?
Question 9. Why is it important to develop a business plan?
Question 10. What are the principles of Business planning?

Reference no: EM132488808

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