Reference no: EM132923660
Part A - Develop business plan
1. Using the Vision, Mission, Values, Business Strategy, Objectives and Key Performance Indicators analyse and interpret each in relation to the project. How do they meet the requirements of the organisation in each area?
2. Referring to the Organisational Hierarchical Structure, discuss who would be appropriate to consult, how you would consult (include timelines) and your reasoning for consulting with your chosen individuals. These individuals will be your key stakeholders.
3. Conduct your own research and report on the market requirements for the Case Study in terms of customer need and pricing options.
4. Develop performance objectives and measures and discuss how you would gain input from key stakeholders.
5. Outline how you would consult with key stakeholders to discuss your performance objectives and measures, as discussed in Q4, above.
- If you would consult via email, write an email to consult with the key stakeholders to discuss performance objectives and measures. Assume that they reply to your email, and include recommendations from the key stakeholders below.
- If you would have a meeting, hold a meeting with the key stakeholders to discuss performance measures and objectives. (This could be your classmates, housemates, friends. The meeting does not have to be recorded). Include recommendations from the key stakeholders below.
6. What financial, human and physical resources will be required to implement your chosen option? (add more rows if necessary)
7. Are there any licenses or permits that will be required to implement your chosen option? If so, describe what these are and how you will obtain them?
8. Bounce Fitness already has a business plan (see additional information), However, you are to produce a new business plan appropriate to Bounce Fitness for:
Fitness in Maturity with a focus on specifics such as weight, health and flexibility
Your business plan must include at a minimum (use the headings below for your business plan):
• Description of the business
• Community awareness or branding
• Environmental impact
• Governance
• Products and services
• Quality
• Financial, physical and human resource requirements
• The workforce
• Permit and license requirements
• Marketing activity
• Sales
• Financial indicators:
• Profit and loss
• Triple bottom line (abbreviated as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and financial. These three divisions are also called the three Ps: people, planet and profit, or the ‘three pillars of sustainability').
• Productivity and performance targets for key result areas.
• Communication plan
Part B - Monitoring the plan
You must complete the following Tasks using the business plan you have designed in Part A.
9. How will you communicate the business plan to all relevant parties and ensure understanding of performance requirements and timeframes?
10. How will you ensure skilled labour is available to implement the plan and how will you manage training if required?
11. How will you test and evaluate the performance measurement systems and refine, if necessary?
12. How will you ensure timely reports on all key aspects of the business are available, user-friendly and balanced in terms of financial and non- financial performance?
13. How will you report system failures, product failures and variances to the business plan as they occur?
Part C - Respond to performance data
Respond to the performance data of a business plan. To enable you to achieve this, discuss each of the following points for the business plan that you created and use the ‘Fitness in maturity advertising brief review' document from Bounce Fitness
14. Analyse the performance reports against planned objectives.
15. Review the performance indicators and refine if necessary.
16. Are any groups or individuals under-performing? If so, how will you ensure groups and individuals who are under performing are coached, and necessary training is provided.
17. How and with what frequency will you review system processes and work methods as part of continuous improvement?
18. Review and analyse the strengths and weaknesses of your business plan and what would you change if anything.
Attachment:- Task 2.rar