Reference no: EM133006193
BSBOPS601 Develop and implement business plans
Assessment Task 1
The questions focus on the knowledge evidence required for this unit of competency:
• organisational and legislative frameworks required for the development of business plans, including:
o pre-existing strategic, business and operational plans
o business vision, mission, values and objectives
o permits or licences that may be required for new activity
• processes for developing and monitoring business plans
• customer needs and budgeting information
• performance objectives and measures, including key results indicators
• stakeholders involved in the development of business plans.
Question 1
Outline the organisational and legislative framework for the development of a business plan for a generic company.
Address the following:
Why would you consider pre-existing strategic, business and operational plans?
What inputs would you gather from them? Identify 4-5 in your discussion.
(100-150 words)
What inputs do business vision, mission, values, and objectives provide?
Identify 4-5 in your discussion.
(80-120 words)
Why would you check permits or licences that may be required for business activities?
Provide a practical example from a business you are familiar with in your discussion.
(100-150 words)
Question 2
Outline the process of developing a business plan for a generic organisation and monitoring the implementation of the business plan.
(150-200 words)
Question 3
Think about a business that you are familiar with. Assume that you are developing a business plan for this business.
Address the following:
• Outline four (4) customer needs and three (3) budgetary considerations/information when developing the business plan.
• Identify four (4) SMART objectives for the business plan, including two (2) KPIs for each objective.
• Determine three (3) stakeholders (individuals or groups) that you would involve in developing the business plan. Explain why you chose those stakeholders.
Factor
Customer Needs
(80-120 words)
Budgetary considerations/information
(80-120 words)
SMART Objectives and KPIs
Stakeholders
(80-120 words)
Attachment:- Assessment Task 1.rar
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