Develop and implement a business plan It is crucial that business and operational plans are regularly reviewed because of possible. changes in an organisation’s direction. Managers need to review the current business goals and assess whether they are still right for the organisation. Reasons why an organisation might need to review business •File Size: KB Develop aND IMPLEMENT A Business Plan BSBMGTA Assessment Task 1 Analyse Business Plan Objective The company objectives of quality training are: a) To provide complete financial projection of plan year b) To present a written document for the management of the development business and training c) The participants of this business plan includes the company owners and the representatives from the State Training Authority Mission: Company Mapping Notes Date; Supersedes and is equivalent to BSBMGTA - Develop and implement a business plan: Updated to meet Standards for Training Packages: 24/Mar/ Is superseded by and equivalent to BSBOPS - Develop and implement business
BSBMGT Develop and Implement A Business Plan
Unit descriptor. This unit describes the performance outcomes, skills and knowledge required to run a business operation and covers the steps required to develop and implement a business plan, bsbmgt617a develop and implement a business plan.
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement, bsbmgt617a develop and implement a business plan.
Application of the unit. This unit applies to individuals who are running an organisation or who take a senior role in determining the effective functioning and success of the organisation. As such, they may oversee the work of a number of teams and other managers. Business plans are critical tools for business growth and development. They will vary depending on the needs of the organisation.
This unit covers the typical elements of a business plan and the standard approaches to be used in implementing a business plan. The business plan should be supported by a strategic plan, and may also be supported by a marketing plan and cash flow forecasts.
Prerequisite units. Employability skills. Elements describe the essential outcomes of a unit of competency. Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide.
Review and evaluate pre-existing strategicbusiness and operational planif available. Analyse and interpret business vision, mission, values and objectives. Consult with key stakeholders. Review market requirements for the product or service, profile customer needs and research pricing options. Develop performance objectives and measures through consultation with key stakeholders. Identify financial, human and physical bsbmgt617a develop and implement a business plan requirements for the business.
Consider any permits or licences that may be required for new activity. Write business plan. Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes. Test performance measurement systems and refine, if necessary.
Ensure timely reports on all key aspects of the business are available, user-friendly and balanced in terms of financial and non-financial performance, bsbmgt617a develop and implement a business plan.
Report system failures, product failures and variances to the business plan as they occur. Ensure groups and individuals contributing to under-performance are coachedand provide training where appropriate. Review system processes and work methods regularly as part of continuous improvement. REQUIRED SKILLS AND KNOWLEDGE.
This section describes the skills and knowledge required for this unit. Required skills. Required knowledge. EVIDENCE GUIDE. The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment. Critical aspects for assessment and evidence required to demonstrate competency in this unit.
Context of and specific resources for assessment. Method of assessment. A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:. Guidance information for assessment. Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:.
RANGE STATEMENT. The range statement bsbmgt617a develop and implement a business plan to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts may also be included.
Strategicbusiness and operational plan may include:. Key stakeholders may include:. Performance objectives and measures may relate to:. Business plan includes:. Coaching refers to:. Unit sector. Competency field. Co-requisite units. This unit contains employability skills. Develop business plan. Review and evaluate pre-existing strategicbusiness and operational planif available 1.
Analyse and interpret business vision, mission, values and objectives 1. Consult bsbmgt617a develop and implement a business plan key stakeholders 1. Review market requirements for the product or service, profile customer needs and research pricing options 1. Develop performance objectives and measures through consultation with key stakeholders 1. Identify financial, human and physical resource requirements for the business 1.
Consider any permits or licences that may be required for new activity 1. Monitor performance. Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes 2.
Ensure skilled labour is available to implement plan 2. Test performance measurement systems and refine, if necessary 2. Ensure timely reports on all key aspects of the business are available, user-friendly and balanced in terms of financial and non-financial performance 2. Respond to performance data. Analyse performance reports against planned objectives 3. Review performance indicators and refine if necessary 3. Ensure groups and individuals contributing to under-performance are coachedand provide training where appropriate 3.
analytical and research skills to review the market, to research competitors and to review pricing structures coaching and communication skills to remediate any under-performance in the work group or individuals planning and organising skills to sequence activities and to develop a logical structure. performance measurement approaches bsbmgt617a develop and implement a business plan benchmarking options for developing business plans.
Evidence of the following is essential: analysis of the strengths and weaknesses of a range of business plans implementation of a business plan including evaluation of performance against documented indicators in key results areas knowledge of performance measurement approaches and benchmarking. Assessment must ensure: access to appropriate documentation and resources normally used in the workplace. Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example: other units from the Advanced Diploma of Management.
business partners or financiers customers shareholders staff technical experts or advisers. efficiency measures input measures such as staff time or dollars allocated outcomes measures qualitative indicators such as feedback from customers, effect on the wider market or competitors, staff reports quantitative indicators, such as numbers produced and sold, turnover, customer satisfaction ranking, lower staff turnover.
description of the business business products and services marketing activity financial indicators productivity and performance targets for key result areas such as: community awareness or branding environmental impact governance or management quality sales triple bottom line workforce, bsbmgt617a develop and implement a business plan.
informal on-the-job and off-the-job advice and training to improve performance. Management and Leadership - Management.
BSBMGT617A - Develop and implement a business plan
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Mapping Notes Date; Supersedes and is equivalent to BSBMGTA - Develop and implement a business plan: Updated to meet Standards for Training Packages: 24/Mar/ Is superseded by and equivalent to BSBOPS - Develop and implement business Develop aND IMPLEMENT A Business Plan BSBMGTA Assessment Task 1 Analyse Business Plan Objective The company objectives of quality training are: a) To provide complete financial projection of plan year b) To present a written document for the management of the development business and training c) The participants of this business plan includes the company owners and the representatives from the State Training Authority Mission: Company Jan 20, · Business plans are critical tools for business growth and development. They will vary depending on the needs of the organisation. This unit covers the typical elements of a business plan and the standard approaches to be used in implementing a business plan
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