Reference no: EM133623208
Task One
Develop a research report for preparing a business plan
Review and evaluate the pre-existing strategic plan of an organisation you are interested in. This may include considering internal and external changes.
Analyse and interpret the business vision, mission, values, goals and objectives.
Review market requirements and approaches for the product or service by profiling customer needs, and researching pricing options and competitors. This may include a market requirements document or marketing plan.
Determine the financial, human and physical resource requirements for the business.
Identify any permit or licence requirements for new activities, and determine how these will be addressed.
Task Two
Develop a consultation report that demonstrates your consulting with relevant stakeholders to develop performance objectives and measures for the business plan. Stakeholders may include
business partners, financiers, customers, staff and technical advisers (They could be your assessor and colleagues.) Consultation may take place in meetings, interviews and/or brainstorming sessions.
Task Three
Develop a business plan based on your findings in the research report. The business plan must include the following:
Executive summary
Business overview (a description of the business/products and/or services)
Operations plan
The market (including marketing activity, such as potential online campaigns)
Strategic direction
The finances (financial resources required)
Human and physical resources requirement
Action plan
Financial indicators, such as stock turnover rates
Productivity and performance targets for key result areas
Supporting documentation
Task Four
Develop a communication plan in consultation with all relevant stakeholders such as team leaders, team members and supervisors. Communication may occur in a formal meeting or group session and must address the following:
a. Explain information using appropriate language and conventions to suit the audience. You may develop a communication plan to facilitate effective group interaction.
b. Ensure the stakeholders understand the performance requirements and time frames for implementation, such as via an evaluation form.
Task Five
Explain how you would ensure there is skilled labour available to implement the plan, and that training is provided where appropriate, such as by conducting a training needs analysis and developing a training plan for staff.
Task Six
Compile a performance report that monitors and evaluates the plan's implementation.
Test performance measurement systems against performance indicators and refine if necessary. This includes the following:
profit and loss
community awareness or branding
environmental impact
governance
quality
Sales
triple bottom line
the workforce.
Ensure that system or product failures or variances are reported as they occur, such as product or equipment failures.
Ensure relevant stakeholders have access to up-to-date, user-friendly reports on all performance indicators. Reports should include information on both financial and non-financial performance, such as qualitative and quantitative indicators.
Task Seven
Analyse the strengths and weaknesses of the business plan as part of the performance report. The analysis must include the following:
a. Compare and analyse performance reports against planned objectives.
b. Review performance indicators and refine if necessary.
c. Regularly review system processes and work methods over a specified period, such as identifying performance issues in the last financial year due to ineffective processes or work methods.
Task Eight
Explain how you will provide coaching or training to underperforming staff where appropriate. This may include directing and leading staff, and developing and implementing a training plan.
Your Assessor will complete the Observation Checklist to record your presentation/participation in the discussion, and as a student of Advanced Diploma of Business. Please review the Observation Checklist before the discussion/presentation so you know exactly what is required of you.
Business plan should be based on one of the existing big company such as Netflix, A2M, Facebook, Amazon, Apple.