BSBMGT617 Develop and Implement a Business Plan - Desklib

ADV DIPLOMA OF LEADERSHIP & MANAGEMENT
BSBMGT617 DEVELOP AND IMPLEMENT A
BUSINESS PLAN
Project 1
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By
(Add your name & date here)
Name Date Page 1

Summative assessment 2
Project 1
 1. This project will enable you to demonstrate skill and underpinning knowledge—critical aspects for assessment, required skills and
knowledge—and produce end products suitable for use in the work place. (If you are not working you will need to discuss, with your
assessor, how you can address this as a simulation or how you can address it in terms of a company for which you have previously
worked).
You must develop and implement a business plan.
The plan must be clearly articulated and formatted in such a way that makes it acceptable to business organisation. It must contain all of
the necessary elements and must be informed by accurate, current, relevant and useful data/ information. Graphs, charts, tables etc can
be used and any information that is relevant but not necessarily required for inclusion in the plan can be included in an appendix.
The plan could apply to the business as a whole or to a proposed new venture.
Submit, to your assessor, the completed business plan and detailed answers to the following questions:
1. Explain the ways in which the business and strategic plans of the organisation fit together.
2. What concepts and ideas were considered?
3. Summarise the required resources and the personnel involved in and affected by the plan.
4. What data/ information did you use when formulating the plan?
5. With whom did you consult and why did you consult with these people?
6. Explain the sources from which you gathered data/ information.
7. How did you verify the currency, reliability and usefulness of the data/ base information you collected?
8. Explain how the plan will benefit the business.
9. How do you communicate this plan to other personnel in the business and how would you ensure that they support and
commit to the business plan?
10. Will the plan make any differences to the skills and competencies required by employees; and if it does, what action will
you take?
Name Date Page 2

Table of Contents
BSBMGT617 DEVELOP AND IMPLEMENT A BUSINESS PLAN................................................1
Summative assessment 2................................................................................................2
Project 1.......................................................................................................................2
Introduction........................................................................................................................4
Write 3-4 paragraphs that introduce your business and aims to tell an audience about
your products or services. However, a company introduction shouldn't just tell your
audience what you do - it should also tell viewers why you do it. A company introduction
often includes a compelling story about how the company began, as well as the
company's vision and values..............................................................................................4
Explain the ways in which the business and strategic plans of the organisation fit
together..............................................................................................................................5
What concepts and ideas were considered?.......................................................................5
Discuss these AND OTHERS as they relate to your organization:....................................5
Concept of a Business Plan Definition.............................................................................5
High-Level Concept of Planning.......................................................................................5
Preparing for Plan Execution............................................................................................5
Summarise the required resources and the personnel involved in and affected by the
plan.....................................................................................................................................6
Discuss these AND OTHERS as they relate to your organization:....................................6
Financial Resources: Funding .........................................................................................6
Human Resources: Employees........................................................................................6
Educational Resources: Industry Know How....................................................................6
Physical Resources: Premises and Equipment.................................................................6
Emotional Resources: Support Systems
........................................................................................................................................6
What data/ information did you use when formulating the plan?.......................................6
Name Date Page 3

Your plan needs to consider as much information as possible from everyone involved.
Where applicable discuss these AND OTHERS as they relate to your organization:........6
consumer surveys on satisfaction, .................................................................................6
supplier projections for costs over a given time frame, ..................................................6
consumer inputs on needs...............................................................................................6
shareholder views. ..........................................................................................................6
What can senior management, middle management and teams or individuals within
(and outside of) the organization offer that helps you? ..................................................6
With whom did you consult and why did you consult with these people?..........................7
Explain the sources from which you gathered data/ information.......................................7
How did you verify the currency, reliability and usefulness of the data/ base information
you collected?.....................................................................................................................7
Explain how the plan will benefit the business...................................................................8
How do you communicate this plan to other personnel in the business and how would
you ensure that they support and commit to the business plan?.......................................8
Will the plan make any differences to the skills and competencies required by
employees; and if it does, what action will you take?.........................................................8
Develop and Implement a Business Plan. ..........................................................................9
References........................................................................................................................10
Name Date Page 4