BSBOPS601 Develop and Implement Business Plans Assessment Task
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Section 1: Planning to develop a Business Plan
| Provide an overview of your business What is the name of the business? What are the main products, services, or programs of the business? | |
| Describe the legislative and regulatory requirements relevant to developing your Business Plan (include at least one) What is the legislation/regulatory requirements called? How are the legislation/regulatory requirements relevant to your business and Business Plan? How are the legislation/regulatory requirements relevant to you as you perform your role? | |
| Describe the organisational requirements relevant to developing your Business Plan What is the business’ vision? What is the business’ mission? What are the business’ values? What are the objectives and goals of the business? What are the financial targets of your business? What are the management arrangements/organisational structure of your business (use a diagram and/or words to answer)? What is your business’ current marketing strategies? Describe the pricing structure of your business. What are the requirements outlined in any pre-existing strategic, business, and/or operational plans? Are there any other organisational requirements (such as a template etc.) that you need to consider when developing your Business Plan? Attach proof of the existing plans/organisational requirements to this section of your portfolio. | |
| Research the market requirements for your business’ products/services/programs (include mathematical information in your research) What does the market want? What is an acceptable price point? What are the quality expectations? Are there opportunities for different quality/price point options? What are other market requirements? Attach proof of your research/information sources to this section of your portfolio (e.g., websites, surveys etc.). | |
| Research information relevant to the competitors of your business and Business Plan (include at least one competitor and include mathematical information in your research) Who are your competitors? What are your competitors’ business models/approaches? What is your competitors’ market position and brand awareness? What are the geographic locations of your competitors? What is the pricing of your competitor? What is your competitors’ sales channels? Attach proof of your research/information sources to this section of your portfolio. | |
| Research other industry-related information What are industry trends? What are marketing trends? Attach proof of your research/information sources to this section of your portfolio (e.g., websites, surveys etc.). | |
| Analyse your business and its objectives (consider the research you’ve done on the vision, mission, values, objectives, goals, competitors, financial targets, management arrangements and marketing approaches) What are the strengths of your business? What are the weaknesses of your business? Are there any opportunities for improvement? What are the existing or future threats to your business? Note: You may use any method of analysis suitable to the information you researched in addition to the questions above. | |
| Propose performance and productivity targets What are your proposed: key aspects of business to focus on in the Business Plan (at least three)?productivity and performance targets (including at least one financial indicator such as revenue) related to the key aspects? | |
Section 2: Developing a Business Plan
Complete the next section before meeting with relevant stakeholders.
| Plan to meet with relevant stakeholders (at least two) Who will you meet with? How will you demonstrate your ability to: lead othersfacilitate group interactioninfluence the direction of the outcomes present information/seek advice? | |
| Schedule meeting Insert a screen shot showing the meeting in your calendar. Insert a screen shot showing that the meeting invites has been sent to meeting participants. |
Complete the next section after you’ve met with relevant stakeholders.
Note: If your meeting was not viewed in person by your assessor, attach proof of the meeting to this section of the portfolio.
Performance and productivity targets.
| Summarise the agreed performance objectives and measures for your Business Plan. What are the agreed key result areas (at least three)? What are the agreed productivity and performance targets (include at least one financial indicator such as revenue)? |
Business Plan
| Business Plan for: [Name of Business] |
| Duration of Plan 20XX – 20XX |
| Business Description Describe the business and the environment it operates in. What are the current products, services and/or programs offered by the business? What are the strengths, weaknesses, opportunities and threats for your business? |
| Products, services and/or initiatives Which key aspects of the business does this Business Plan focus on? Describe the desired products, services and/or initiatives that will support the key aspects. |
| Productivity and performance objectives and measures What are the performance and productivity targets (including financial indicators) to address the key aspects? How will the targets be monitored and measured (i.e., what is the performance measurement system for the target)? Product/Service/Initiative Target Measurement system |
| Resource requirements What financial resources are required for the Business Plan to be implemented? What physical resources are required for the Business Plan to be implemented? Which human resources are required for the Business Plan to be implemented (including at least one skilled labour requirement)? |
| Regulatory requirements What are the regulatory requirements for the Business Plan and its related operations? |
| Marketing strategy What marketing strategy will you follow to achieve your Business Plan? |
Implement the Business Plan
| Communicate the Business Plan Insert a screen shot of your draft email to relevant stakeholders. | |
| Confirm that skilled labour is available to implement the plan How have you confirmed that skilled labour is available? Attach proof of your confirmation (e.g., highlighted work schedule and staff list). |
Section 3: Implementing and monitoring a Business Plan
| Assume that your business premises and/or staff have been exposed to COVID-19 and you have been required to shut down and isolate for two weeks. |
Report system failures and variances promptly.
| Report the variance to all relevant people promptly Insert a screen shot of how you reported the variance to all relevant people (or attach as proof to this section of your portfolio). |
| Assume a period has passed and your Business Plan has been implemented. Your assessor will have provided you with simulated information to monitor, review and evaluate your Business Plan. |
Report on key aspects of the business.
| Report on key aspects of business for [Business Name] [Date] |
| Summary of business performance What are the business results? |
Evaluation of results How have key aspects performed against the performance and productivity objectives? |
| Performance indicators Are the financial indicators realistic and achievable? Are other performance indicators realistic and achievable? What changes do you suggest (at least one)? |
| Legislative compliance How have legislative and regulatory requirement been adhered to? |
| Underperformance Are any staff members underperforming? Which areas do they need to improve in? |
| Strengths and weaknesses of the Business Plan Identify any strengths and weaknesses of your Business Plan. |
| Variations Summarise any variations required to the Business Plan (at least one). |
| Review Processes Establish ongoing review processes for the Business Plans. |
Updated Business Plan to address variances and refine performance indicators.
| Business Plan for: [Name of Business] |
| Duration of Plan: 20XX – 20XX |
| Business Description: Describe the business and the environment it operates in. What are the current products, services and/or programs offered by the business? What are the strengths, weaknesses, opportunities, and threats for your business? |
| Products, services and/or initiatives Which key aspects of the business does this Business Plan focus on? Describe the desired products, services and/or initiatives that will support the key aspects. |
| Productivity and performance objectives and measures What are the performance and productivity targets (including financial indicators) to address the key aspects? How will the targets be monitored and measured (i.e., what is the performance measurement system for the target)? Product/Service/Initiative Target Measurement system |
| Resource requirements What financial resources are required for the Business Plan to be implemented? What physical resources are required for the Business Plan to be implemented? Which human resources are required for the Business Plan to be implemented (including at least one skilled labour requirement)? |
| Regulatory requirements What are the regulatory requirements for the Business Plan and its related operations? |
| Marketing strategy What marketing strategy will you follow to achieve your Business Plan? |
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