BSBMGT617 Develop and Implement a Business Plan

Posted on August 17, 2018 by Cheapest Assignment

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Qualification: BSB61015 Advanced Diploma of Leadership and Management

Task Description:

This is a group activity. You are required to form a group of three to four people.

Part A

An effective business plan is a critical tool used to ensure an organisation’s success. Other planning documents such as strategic plans and operational plans are used at various levels within an organisation that relates to business plans.

Choose any industry and business you like and use their business plan information to complete the assessment.

In this assessment, you are required to:

·         review pre-existing strategic, business and operational plans for your or your team’s organisation.

·         analyse business vision, mission, values and objectives

·         consult with key stakeholders

·         review market requirements, profile customer needs and research pricing options

·         develop performance objectives and measures

·         identify financial, human and physical resource requirements and

·         identify any permits or licences that may be required for new activity.

Pre-existing business plans can be found at >> https://www.bplans.com/sample_business_plans.php.

A template of the business plan and business plan guide can be found at >> https://www.business.gov.au/info/plan-and-start/templates-and-tools/business-plan-template-and-guide

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Procedure:

  1. Provide a brief company profile including the following information.
  • Company name
  • Location
  • Product and service
  • Current positioning
  • Company business objectives

2. Analyse and explain business vision, mission, values, objectives, competitors, financial targets, management arrangements, marketing approaches and operational plan of the chosen company. You should include the following:

BSBMGT617 Develop and Implement a Business Plan

 

  • Company’s vision, mission and values
  • Company’s objectives
  • Major competitors (List at least 2 and briefly explain about those companies)
  • Company’s financial targets
  • Management arrangements (organisational chart)
  • Marketing approaches – how do they promote products and services?
  • Provide a brief description of an operational plan for the next 12 months.
  1. a) Identify who you need to consult with when developing a business plan (key stakeholders). Additionally conduct research on stakeholder consultation methods. Make a list of the tools and methods that may be appropriate to use to identify and consult with stakeholders.

    b) Set business performance objectives and determine performance measures for the next 12 months. Arrange a meeting with your assessor and colleagues to discuss your ideas and receive advice. Modify your answer if required. Make sure you cover the following performance areas:

    a. profit and loss
    b. community awareness or branding
    c. environmental impact
    d. governance
    e. quality
    f. sales
    g. triple bottom line
    h. the workforce.

    Attach your Meeting Minutes (Appendix 1) to this assessment tool upon submission.

    4. Undertake market analysis of the product or service. Use the template from Appendix 2 to complete your research.

    5. Identify financial, human and physical resource requirements to achieve the objectives identified above.

    6. Identify and research any permits or licences that may be required for the next 12 months of operation.

    7. Write a business plan which includes:

  • Executive summary
  • Business overview
  • Operations plan
  • The market
  • The future
  • The finances
  • Human and physical resources required
  • Legal requirements
  • Productivity and performance targets for key result areas for the business
  1. a) After the business plan is developed, you need to communicate it to team leaders, supervisors and team members to ensure they understand their role and responsibilities, timeframes, how their actions contribute to the performance of the organisation and how their performance will be measured.

    b) Notify relevant stakeholders (your trainer and classmates) about the meeting and distribute a Meeting Agenda (Appendix 3) using an appropriate communication method (email).

    c) Present the business plan to relevant stakeholders (your trainer and classmates) in the form of a Power Point Presentation (minimum 10 slides) focusing on performance requirements and timeframes.

    d) Attach a copy of the email draft, agenda, developed business plan and presentation handouts to this assessment tool upon submission.

Part B

After the business plan is developed and communicated you are required to:

·         ensure skilled labour is available to implement the plan

·         test performance measurement systems

·         ensure timely reports on all key aspects of the business are available and

·         report failures and variances.

Write your answers in a form of a report. Make sure your report contains cover page, proper structure/layout and referencing (if required).

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  1. • Review the business plan and identify recourses needed to implement the plan.
  • Evaluate and ensure sufficiency of human resources to implement the plan within a time frame.
  • Outline what the company needs to do to implement the business plan and meet performance measures (provide training, hire new staff etc).
  • Attach evidence of conducted needs analysis, conducted training or sourcing new labour (training/coaching plan, job advertisement etc).
  1. Research the performance measurement system and identify possible refinements after testing the system.
  2. Discuss how reports that cover all main aspects of business performance are made available to the relevant personnel a timely manner and designed according to organisational requirements.. Ensure all key aspects of the business are available in the reports and balanced in terms of financial and non-financial performance.
    • Outline the reports.
    • What needs to be considered to produce user-friendly reports?
  1. When you find system failures, product failures and variances to the business plan, how would you report it?
  2. Review your business plan and provide an analysis of the strengths and possible weaknesses of a business plan.

 

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