Reference no: EM132098319

Develop and Implement a Business Plan

Unit Comprehension Activity

Instructions for student & Assessor

This is the final activity for BSBMGT617 Develop and Implement a Business Plan.

Follow the activity instructions on the assessment plan information form.

Recommended minimum hours to complete assessment: 10 hours

This assessment is in three parts all three parts must be completed

IMPORTANT: Be aware that the UCA questions and instructions are also part of the marking guide and this sheet in its entirety must be attached to your assessment. Please ensure you read the questions and instructions carefully. Student must show a 75% demonstrable cognitive understanding in their answers, evidence, skills & documentation relating to the questions in the assessment. Upon any appeal; all parts of the questions and tasks would be weighted equally for benchmarking.

Purpose of this assessment activity

This activity will assess your skills and knowledge in developing and implementing a business plan. You must present your activity in hard copy. Students are required to submit examples of documentation showing your active participation in developing and implementing a business plan.  The activity must include answers to all parts of the task and contain adequate information to address all required criteria.

Performance Evidence

Evidence of the ability to:

Analyse and research business vision, mission, values, objectives, goals, competitors, financial targets, management arrangements, marketing approaches and strategic, business and operational plans

Write a business plan which includes a description of the business, products and services, financial, physical and human resource requirements, permit and licence requirements, marketing activity, financial indicators, productivity and performance targets for key result areas

• implement a business plan including ensuring skilled labour is available, and that training is provided where appropriate
• monitor and respond to business performance including evaluation of performance against key results indicators including profit and loss, community awareness or branding, environmental impact, governance, quality, sales, triple bottom line and the workforce
• consult, communicate with and report to key stakeholders including business partners, financiers, customers, staff and technical advisers
• provide an analysis of the strengths and weaknesses of a business plan.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

• outline processes for developing business plans
• describe performance objectives and measures including key performance indicators
• identify key stakeholders.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the general administration field of work and include access to office equipment and resources.

The Activity must ensure that:

You have access to an actual workplace (one that you are familiar with and have regular access) or simulated workplace and access to office equipment and resources 

Throughout this unit you will be assessed on:

• Developing business plan
• Monitoring performance
• Responding to performance data
  

Follow the assessment instructions:

Your assessment will need to be professional in style, content and format, (done on a computer; maximum font size 11 points; font Arial or Times New Roman; single spacing; clear paragraphs).

Please attach this assessment cover sheet to all assessment submissions.

ASSESSMENT QUESTIONS

Part  1

Business Plan Analysis

Analyse the strengths and weaknesses of five (5) business plans that you have studied whilst working through this unit that you will already be familiar with (or in your organisation or organisations you have researched).They must be companies which operate and have Head offices in Australia. Your information should be in table format. Please provide the reference information of where you accessed the business plans (URL etc).

For each one include:

• Summary of the organisation, its mission, goals and objectives.
• Strengths (in detail) of the plan
• Weaknesses (in detail) of the plan
• Performance KPIs of the plan (or organisation)
• Monitoring processes of the plan
• A detailed explanation on how you would change the plan.

Part1(a)

Reflect on your analysis of the 5 business plans and write a paragraph on what you learnt from your analysis. This is best done with a table.

Situation - Part2

You are required to write and implement a Business Plan for the organisation that you work for. It should be a small/simple plan for a part of the business operation. Not an overall new plan for the entire organisation.

Discuss the plan idea with your educator and have them sign off here BEFORE you start this section.

Business Plan Idea summary

Educator Approval

Part  2(a)

Develop a background on thebusiness/organisationabove. (2-3 pages)

Include:

• Description of the business
• Business products and services
• Marketing activity/strategies
• Financial indicators/sources (e.g. profit and loss projection, cash flow, CBA)
• 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

- social media presence

Part2(b)

Write a Business Plan based on section 2(a) and as agreed with your educator. (It should be in a professional format which would be distributed to the CEO and key stakeholders).

It shouldinclude;

(At least 3 pages)

I. Description of your business plan

II. Goals, objectives, and mission of the plan

III. Resource management

IV. Budget or Cost x Benefit Analysis

V. Stakeholder identification & evidence of feedback and consultation

VI. Implementation plan (timelines, tasks, department/area responsibilities, etc.)

VII. Profit and loss statement (projection)

VIII. Performance indicators

IX. Performance review structure/plan

X. Contingency and mitigation strategies.

Part  3

Implementation of your plan.You must create a report including:

(Suggested 1 - 2 pages + evidence)

1. Evidence of approval from authority to implement the plan (Email, memo etc)
2. Performance review evidence (emails, memos, feedback forms, performance appraisals, etc.)
3. Your responses to performance data (include your plan/strategy for implementation of your response)
4. Final observations and a review of outcomes of your development & implementation of your business plan.Includepoints that went well and what could be improved (at least 3 of each)
5. Personal appraisal on your strengths and weaknesses in your development & implementation of your business plan.

Part 4

You must provide evidence of your workplace (e.g emails, business cards, photos of social media pages).