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ASSESSMENT
Task 2
BSBOPS601 Develop and implement business plans
This unit forms part of the following qualification:
BSB60420 Advanced Diploma of Leadership and Management
Contents
Introduction 3 Assessment Task 2: Project 4
Introduction
The assessment tasks for BSBOPS601 Develop and implement business plans are outlined in the assessment plan below. These tasks have been designed to help you demonstrate the skills and knowledge that you have learnt during your course.
Please ensure that you read the instructions provided with these tasks carefully. You should also follow the advice provided in the Business Works Student User Guide. The Student User Guide provides important information for you relating to completing assessment successfully.
Assessment for this unit
BSBOPS601 Develop and implement business plans describes the skills and knowledge required to lead a business operation that covers the steps required to develop and implement business plans.
For you to be assessed as competent, you must successfully complete two assessment tasks:
· Assessment Task 1: Knowledge questions - You must answer all questions correctly.
· Assessment Task 2: Project - You must work through a range of activities and complete a project portfolio.
Information for students
In this task, you are required to demonstrate your skills and knowledge by working through a number of activities and completing and submitting a project portfolio.
You will need access to:
· your learning resources and other information for reference
· Project Portfolio template
· Simulation Pack (if you need a case study).
Ensure that you:
· review the advice to students regarding responding to written tasks in the Business Works Student User Guide
· comply with the due date for assessment which your assessor will provide
· adhere with your RTO's submission guidelines
· answer all questions completely and correctly
· submit work which is original and, where necessary, properly referenced
· submit a completed cover sheet with your work
· avoid sharing your answers with other students.
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Assessment information |
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Information about how you should complete this assessment can be found in Appendix A of the Business Works Student User Guide. Refer to the appendix for information on: · where this task should be completed · how your assessment should be submitted. Note: You must complete and submit an assessment cover sheet with your work. A template is provided in Appendix B of the Student User Guide. |
Section 1: Planning to develop a business plan
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OVERVIEW |
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· What is the name of the business? · What are the main products, services or programs of the business?
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LEGISLATIVE REQUIREMENTS |
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· What is the legislation/regulatory requirements called? · How are the legislation/regulatory requirements relevant to your business? · How are the legislation/regulatory requirements relevant to yourself?
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MISSION |
VISION |
VALUES |
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OBJECTIVES & GOALS |
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FINANCIAL TARGETS |
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ORGANISATIONAL STRUCTURE/ORGANISATIONAL CHART |
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MARKET/INDUSTRY RESEARCH Include your research - cite sources, or attach graphs and statistical data |
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What does the market want? |
What is an acceptable price point? |
What are the quality expectations? |
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What are other market requirements?
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Are there opportunities for different quality/price point options? |
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Industry Trends |
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Marketing Trends |
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COMPETITOR ANALYSIS Include at least one competitor and include mathematical information in your research |
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Competitor 1 |
Competitor’s Business Model/Approach |
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Market Position & Brand Awareness
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Geographic Locations of Competitor
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Competitor’s Sales Channels
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Competitor 2 |
Competitor’s Business Model/Approach |
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Market Position & Brand Awareness
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Geographic Locations of Competitor
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Competitor’s Sales Channels
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SWOT ANALYSIS OF BUSINESS |
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What are the strengths of your business? |
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What are the weaknesses of your business? |
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Are there any opportunities for improvement? |
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What are the existing or future threats to your business? |
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Section 2: Developing a business plan |
Complete the next section before meeting with relevant stakeholders.
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PRE-STAKEHOLDER MEETING PLAN |
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Who will you meet with?
(list at least 2 stakeholders)
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What will you discuss?
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How will you demonstrate your ability to:
· lead others · facilitate group interaction · influence the direction of the outcomes · present information/seek advise |
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Complete the next section after you’ve met with relevant stakeholders.
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DEVELOPING PERFORMANCE OBJECTIVES AND MEASURES |
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Key result areas |
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Key Result Areas |
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Productivity/ Performance Targets |
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Key Performance Indicators (KPI) |
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PERFORMANCE TESTING SYSTEM
(e.g. job descriptions, performance reviews, income statements, self-evaluations, induction checklists, customer reviews etc.)?
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Choose one performance measurement system and test it
e.g. conduct a survey to staff members to see whether their understanding of their job description matches the actual job description
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Attach proof of test here (i.e. survey results) |
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LICENSING / PERMIT REQUIREMENTS |
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MARKETING STRATEGY |
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RESOURCE PLANNING |
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Financial What financial resources are required to achieve the performance objectives? |
Human What human resources are required to ensure the success of your business?
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Physical What other physical resources are necessary for your business plan to succeed?
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DEVELOP A BUSINESS PLAN |
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Use the work you have done above to develop a business plan in the format of a report. You can use templates available on Canva.com or create your own to be presented to the class. Include the report as a separate document upon submitting your assessment.
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Section 3: Implementing and monitoring a business plan |
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SKILLED LABOUR CONFIRMATION What skilled labour is required? What skilled labour is already available? What skilled labour must still be recruited? |
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[E-MAIL CORRESPONDENCE] To: From: cc/bcc:
e.g. Email to HR or other relevant managers confirming the availability of existing employees to implement the business plan, verbal confirmation while communicating the business plan to stakeholders etc |
Assume a period of time has passed.
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REPORT FAILURES & VARIANCES TO BUSINESS PLAN |
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Who will you report to? |
How will you report the failures? |
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Attach proof of how you reported the failures/variances |
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(e.g. email to CEO). Make sure your proof shows that you’ve responded promptly (e.g. dated email etc., updated business plan)
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EVALUATING LEGISLATIVE COMPLIANCE |
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Have the business activities and your own actions complied with legislative requirements?
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PERFORMANCE vs OBJECTIVES |
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How has the performance in key aspects of the business (identified in Section 2 of your Portfolio) compared to the objectives planned in your business plan?
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EVALUATING STAFF PERFORMANCE |
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Are there any underperforming staff members (at least one)?
How they are underperforming?
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STAFF PERFORMANCE REVIEW PROCESS
e.g. flowchart showing review process, review policy and procedure, performance review template etc |
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COACHING UNDERPERFORMING STAFF |
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Attach proof of a coaching session to this section of your Portfolio (e.g. presentation slides of coaching)
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OUTCOME REPORT
Report on outcomes of your business plan. |
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[E-MAIL CORRESPONDENCE] To: From: cc/bcc:
e.g. Who will you report to? Report on key aspects and objectives of the business. What are the strengths and weaknesses of your business plan? |
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BSBOPS601 Assessment 2 - Laneway Education Pty Ltd ABN: 91 607 441 412, RTO No: 41504, CRICOS CODE: 106199K Last updated 11/11/2022 |
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