Develop and Implement Business Plan - Desklib

Running head: DEVELOP AND IMPLEMENT BUSINESS PLAN
Develop and Implement Business Plan
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DEVELOP AND IMPLEMENT BUSINESS PLAN
Table of Contents
Assessment 1...................................................................................................................................3
Business plan of Australian hardware.............................................................................................3
Q1: Review the simulated workplace documentation in order to understand the business
context and access the business plan ‘Australian Hardware.’.....................................................3
Q2: Analyses and interpret the business plan against the criteria for effective business plans, as
the training you have gone through on ‘BSBMGT617 Develop and implement a business plan’
and as described in your workbook.............................................................................................4
Q3: Compare the strengths and weaknesses of the business plan...............................................5
Q4: Complete a written report, detailing a critical analysis of the business vision, mission,
values and objectives, strengths and weaknesses of the business plan........................................6
Business plan of Coffeeville:...........................................................................................................8
Q1: Review the simulated workplace documentation in order to understand the business
context and access the business plan ‘Coffeeville.’.....................................................................8
Q2: Compare and contrast the business plan against the criteria for effective business plans, as
the training you have gone through on ‘BSBMGT617 Develop and implement a business plan’
and as described in your workbook.............................................................................................8
Q3: Compare the strengths and weaknesses of the business plan...............................................9
Q4: Complete a written report, detailing a critical analysis of the business vision, mission,
values and objectives, strengths and weaknesses of the business plan......................................10
Assessment 2.................................................................................................................................12
Consultation Plan Role Play......................................................................................................12

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DEVELOP AND IMPLEMENT BUSINESS PLAN
Business Plan.................................................................................................................................13
Introduction................................................................................................................................13
Discussion......................................................................................................................................14
Description of the business............................................................................................................14
Business products and services......................................................................................................14
Marketing activity..........................................................................................................................15
Financial Background................................................................................................................17
Risk Analysis.............................................................................................................................18
Licensing Requirements............................................................................................................19
Conclusion.................................................................................................................................19
Business Plan Implementation...................................................................................................19
Assessment 3.................................................................................................................................21
Performance Reports.................................................................................................................23
Application of Benchmarking....................................................................................................23
Performance Review for the New Business..............................................................................24
Reference.......................................................................................................................................25

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DEVELOP AND IMPLEMENT BUSINESS PLAN
Assessment 1
Business plan of Australian hardware
Q1: Review the simulated workplace documentation in order to understand the business
context and access the business plan ‘Australian Hardware.’
Australian hardware is considered one of the largest business company headquartered in
Sydney, NSW. This company is founded in 1921 and serves 138 stores throughout Australia.
The min products of the company are timber, hardware, paint, tool, housing, outdoor and garden.
The targeted customers of this company are those consumers who appreciate high quality
innovative products. The products that this company offers comes up with competitive price with
added discount sand incentives for the traded customers. The skilled and experienced experts
give high quality solutions and expertise to their customers in an exciting and interactive
environment. On site and off-site services are the key offerings for this company. The products
made by them are as per the customer need and demand. Apart from that the company also
extends their support in organizing charity functions and sponsoring sports events. Apart from
that the company also offers social awareness campaign. They believe in providing products
which are environmental friendly. The company also uses different recycle techniques to store
rainwater into the tanks and put them into plants. This company is having vast market reach and
also focusing on to increase their market within the next five years. Australian hardware
maintains markup on purchase price at 35%.the strategical review for the company is to evaluate
the financial statement in every six months to keep balance in gross profit. The company workers
get compensated according to the legislative requirements. Liability on products are $15 million
and all the assets are insured to current value.

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DEVELOP AND IMPLEMENT BUSINESS PLAN
Q2: Analyses and interpret the business plan against the criteria for effective business
plans, as the training you have gone through on ‘BSBMGT617 Develop and implement a
business plan’ and as described in your workbook
In this business plan the company have targeted three segment of market which are
improver, DYI and trade persons. The strategy lies in differentiation of product and service. The
decisions taken by the company are-
Increase sales revenue and gross profit.
Maintain or increase, market share.
Operational cost control
Maintenance of quality and standard.
Making environment supported products.
Apart form that the company also reuse the previous year profit by reinvesting them in
the business. The company serves in all regional locations in Australia where they can attract
more number of customers. The recruitment and selection policy of this company provided by
the experts are unique and vast. They use social media platform to recruit persons and give them
training in sales, production area, management and leadership, environmental, community,
sensitivity, health and safety and different external trainings like TAFE and territory education.
They also train the existing staffs to improve skills and make a lot of investment on them. The
market positions of this company are competitive based pricing and focused on providing high
quality products supported by environment. The company have produced financial statements for
the financial years to check the stability if the business plan. The financial statements include
balance sheet, cash flow statements and profit & loss statements. During the financial year
company have total assets and liability both costing $1760 million dollar making the balance
sheet justified. Similarly during the financial year total sales happened $3700 million dollar
among them gross profit amounted to $1850 dollar. During the tax company paid tax of $245
and made a net income of $345million. So, it shown that the company’s profitability during the
year was good hence making the business plan viable.

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DEVELOP AND IMPLEMENT BUSINESS PLAN
Q3: Compare the strengths and weaknesses of the business plan.
Every business plan have certain strength and weakness. The company can counter on the
strength to move forward into the business. Similarly then can convert their weakness into
strength and counter on it. Australia hardware is also no different. The strength and weakness of
their business plan are –
Form the above table it is seen that the company have some issues regarding restricted supply
chain networking, not much of brand recognition among the customers and high cost associated
with environment. But there are a lot of positivity which the company can count upon to improve
their performance. Apart from that the company should also try to generate new business ideas,
improve production the leading brand capacity, do different types social works to get more in
touch with the customers. The competitors also are main part of the of the business plan. The
Strength
1. Excellent high skilled staffs
providing top quality expertise to
the customers.
2. Wide and differentiated servicing
3. Wide product diversification
meeting all the required need of
customers.
4. Strong presence in the market.
5. Tie ups with international
suppliers for production of high
quality products.
6. Environment friendly servicing.
7. Secured real estate growth to the
customers.
8. Products are developed through
online e commerce sites.
Weakness
1. Products being environmental
friendly acquires lot of costs.
2. Though being served
worldwide, but still are not
that much branded.
3. Supply chain network is not
vast.