BSBMGT617 Develop and Implement a Business Plan - Assignment 1

Assessment Task 1 - Develop a business plan

Performance objective

To demonstrate the skills and knowledge required to develop and communicate a business plan. The Assessment Task is due on the date specified by your assessor.

Assessment description

In this assessment you are required to develop a business plan to support the company’s strategic and operational goals.

Procedure

1. Use your current workplace or a familiar business to create a business plan.
2. Review and evaluate pre-existing business and operational plan, if available
3. Review market requirements, financial, human and physical resource requirements
4. Consult with your assessor (assume the assessor is a key stakeholder) and discuss and agree upon performance objectives and measures.
5. Document a business plan to assist the organisation to achieve its goals. The business plan must include the following:
   1. Table of contents
   2. Executive summary
   3. Introduction/business background
   4. Business vision, mission and/or values
   5. Business products and services
   6. Customer’s profile and needs
   7. Marketing activity – the market
   8. Business operations:
      1. productivity and performance targets for key result areas (in consultation with key stakeholders)
      2. include financial and non-financial performance measures

• detail resource requirements, including human resources, capital equipment and other resources required to achieve business goals

1. Management and organisational structure
2. Risks (risk analysis)
   1. include a section on how you will ensure skilled labour is available to implement the plan, such as a recruitment or training strategy
3. Licensing
   1. include any permits or licences required
4. Conclusion

6. Present the business plan to your assessor (assume the assessor is a key stakeholder).

Submissions

You must

• Submit a completed business plan covering all above points

Your assessor will be looking for:

• 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