BSBWOR501: Managing Personal Work Priorities & Development - BBQfun

This report details the process of managing personal work priorities and professional development within the context of BBQfun, a simulated business. It includes a review of the company's business plans, goals, and policies, followed by the establishment of personal goals as a CEO and the development of KPIs to measure performance. The report outlines activities to advance work goals, prioritizing them based on their impact on business efficiency and profitability. A work plan is presented, covering financial, operational, human resources, and marketing activities. Furthermore, the report assesses personal knowledge and skills against competency standards, culminating in the development of a professional development plan with identified opportunities for growth. This document is available on Desklib, a platform offering a wide array of study resources for students.

MANAGE PERSONAL WORK PRIORITIES AND PROFESSIONAL DEVELOPMENT

Table of contents
Assessment task 1............................................................................................................................3
Reviewing the job description and organization’s business plans, business goals, policies and
procedures........................................................................................................................................3
Establishing four to five goals.........................................................................................................4
Develop KPIs to measure performance related to work goals........................................................5
Considering a range of activities to advance work goals and prioritizing possible activities.........6
Work Plan........................................................................................................................................7
Description.....................................................................................................................................10
Assessment Task 2.........................................................................................................................11
Assessing personal knowledge and skills against competency standards such as enterprise
specific competencies or nationally endorsed units of competency..............................................11
Eligibility of the person.................................................................................................................11
Knowledge of the person regarding the profession.......................................................................12
Methods and procedures of the person in developing the assessment of professional competency
.......................................................................................................................................................12
Feedback of performance..............................................................................................................13
Developing a professional development plan................................................................................15
Professional development opportunities........................................................................................15
References......................................................................................................................................17
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Assessment task 1
Reviewing the job description and organization’s business plans, business
goals, policies and procedures
I am the CEO of BBQfun which rendered different kinds of product which can be both domestic
or imported in nature. The company has been established in 2013 and as CEO there are some
operations, roles and responsibility which are performed by me to ensure proper operations
within the firm the Job description of being a CEO is discussed below:
Chief Executive Officer or CEO within a company is an highest ranked executive which helps in
running and managing the business. A CEO is responsible to decide the growth path of company
in an prominent manner. The duties of a CEO of a company are that the company has to build
work culture, setting of budget for operations within an organization, The CEO is responsible
for building a management team to run business, setting up strategies for the firm, evaluation
results of the operational, to ensure preparation of annual reports and manage risk within the
firm. Basically a CEO runs the entire organization and sets up the whole structure of the business
so that it work properly1.
BBQfun has some business plans, goals and policies which are to be discussed for team and to
develop my personal goals to efficiently run the business in accordance to the company's
different business aspects. The business mission and vision of the company is to render good
quality of outdoor lifestyle products which sets up the values for the firm which focus on
creating quality, customer value and people to ensure better operations. The strategic direction of
the firm is to engage customer through promotions, building reputation through quality products
and services. Their business plans of the company has been differentiated into three parts which
1 Holt, Nicholas L., ed. Positive youth development through sport. Routledge, 2016.
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indicate towards operational plan, marketing plan and financial plan. The operational plan for
the company has an objective of rendering quality products, The objective for marketing plan is
to increase customer base of the firm and the financial pans sets to increase the financial strength
and stability of the firm. The company follows some core policies in order to maintain there
ethical code of conduct which are as follows:
● Privacy Act 1988 (Cwlth)
● Anti-Discrimination Act 1991 (Queensland)
● Competition and Consumer Act 2010 (Cwlth)
● Spam Act 2003 (Cwlth)
● Australian Direct Marketing Association (ADMA) Code of Practice
● Free TV Australia Commercial Television Industry Code of Practice
● Australian Guidelines for Electronic Commerce
● Work Health and Safety Act 2011
This allows the company to operate in a significant manner by adhering to the follow norms and
conduct stated by the laws and acts.
Establishing four to five goals
In accordance to the above discussion of the company’s business goals, objectives, policies and
plan. I as a CEO have also decided to set some goals in order enhance the overall operational
efficiency within the firm in an prominent manner. Goals and objectives are as follows:
1. To create an effective decision making management
2. To ensure better fund allocation within the firm’s operations
3. To set effective milestones for evaluation and monitoring of results
4. To create better working environment and culture for the employees
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5. To optimize cost and increase profitability the firm2.
Now the above stated goals are created taking into account to increase personal and temas effects
to the operate the business in a more prominent way. Some goals have been set to better
teamwork and management for the organization and some have been done on the basis of
develop self operation for better activities within the firm. The goal of making management with
effective decision making is done for the team to ensure that the team is developed for the
decision making process which will help the management of the firm to make precise and fast
decision for the company’s operation. The goal of better fund allocation has been kept to
increase self skill of better fund allocation so that the use of monetary resources within the film
is done in an more prominent manner. The goals of creatine milestone for monitoring and to
optimize cost for profitability of the firm has been set for developing personal skill so that I am
able to evaluate and monitor results from operation in an more significant manner and to
decrease overall cost within operation to increase the firm's’ profitability. The goal of reading
better work environment is done for the team so that they get better work environment to
perform well which increase the business efficiency of the firm.
Develop KPIs to measure performance related to work goals
The Key performance indicators of the firm are as follows:
1. Increase or decrease in customer
2. Increase or decrease in company's profitability
3. Increase or decrease in companies risk
2 Hallam, Susan. "The impact of actively making music on the intellectual, social and personal
development of children and young people: A summary." In Voices: A World Forum for Music
Therapy, vol. 16, no. 2. 2016.
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4. Increase or decrease a company's employee turnover
Reasoning on how KPI will help in indicating performance
Now the above are the key performance indicators based on which the performance of the
company will be indicated. The KPI ill used to measure the operational, financial and managerial
performance. As seen the KPI stated above say increase and decrease if customer will review the
marketing ability and effect of the firm if the customers increase the marketing team of the
company is efficient enough to attract customers in a prominent. Same like that increase and
decrease of company’s profitability will show the company financial standards and stability
through there operation. Increase and decrease of company's risk will show whether the company
has been managing risk properly or not and increase or decrease of employee turnover will show
whether the company has an efficient Human resources management or not. All combined will
show the company’s effect as an working unit which can be measured very easily.
Explaining on how I will maintain performance under varying conditions and
contingencies
The management of the firm will change strategies and pathways to deal with viewing condition
and contingency. For example of the company has seen that risk of financial loss is high in some
investment the company will not look to invest in such conditions but invest in a safer options.
Explaining how will I capitalize my threat and weakness through my strength and
opportunities
Through use of my strength and opportunities will try and capitalize my failure through
continuous development of skills and optimization of weakness and threats. For example If I
have strength in communicaio I will use thus strength of mine in developing my weakness
through effective conversation of development with other which will be able to give current and
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wise advises. In this by using my strengths I will try and develop my weakness and optimize the
fore coming threats.
Considering a range of activities to advance work goals and prioritizing
possible activities
There are range of activities and work goals which the CEO of a company has to achieve and
work for. Now being a CEO mean I Have prioritize works which need outright attention and
need to be focused on for the betterment of the business. Personal skills development has a huge
impact on professional working environment. If I develop a skill of being a better decision maker
will be good in decision making for the business. The process which I have used for prioritizing
my work has been developed by me as a personal skill I need. As a CEO the CEO has to make
decisions which optimize risk and increase the efficacy of the company. Hence I have prioritize
my work in accordance to activities which I fell will increase efficiency of the business in a
significant manner. It is to be noted that whichever activity is felt to increase the efficiency
prominently and is noted to be a more valuable activity for the business and will tend to increase
the overall profitability is prioritized in regards of other activities which is conducted within the
business. Now it is important that managing such method are also very important as this helps in
better maintenance of activities. Hence the following method will be managed in regards of
changing activities demand. When there is a need of some other activity which is to be fixed then
that activity will be prioritized hence demand of that activity is needed in order to ensure effect
within the prioritization of activities3.
3 Tattum, Delwyn, and Eva Tattum. Social education and personal development. Routledge,
2017.
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Work Plan
Work
Activity
Description Goal KPI Timeframe Person
Responsible
Financial
activities
Financial
activities
include
allocation of
monetary
resources
monitoring of
such
resources
optimization
of cost,
increase of
profitability
and creation
of annual
reports
The goal is to
achieve
financial
stability, to
increase
profitability
and financial
strength of
the company
Increase or
decrease of
company’s
profitability
1 year Chief
Financial
Officer
Operational
activities
Operation,
trade and
The goal is to
be
Increase of
decrease in
1 year Operations
General
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activities of
the firm
which include
management
of human
resources,
marketing
and overall
management
operational
effect and to
optimize
operational
risk which i
there in
operating
operational
efficiency
Increase of
decrease in
risk
associated
with the firm
Manager
Human
resource
activities
To manage
human
resources of
the company
and avoid
possible work
health and
safety risks
present
within the
corporations,
to determine
employee
compensation
To create
efficient work
culture
To increase
human
resource of
the company
To
management
work health
and safety
To monitor
ethical
activities of
Increase or
decrease of
employee
turnover
1 Year HR Manager
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and hour rime
of
employment
with other
employment
agreements
each
employee
Marketing
activities
Activities
related to
promotions
and
advertisement
of product
and customer
engagement
is called
marketing
activities
To market
and promote
goods of the
company and
increase
consumer
base
Increase Or
decrease in
consumer
1 Year Manager
Marketing
Description
Setting an example before asking someone to do it is an very efficient ways through which one
can be a role model. It is important that CEO leads from the front and creates work plan and
activities which is doable by him. Then only the worker will admire and aspire to be and perform
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activities set out by the CEO. I also set plan which are doable by myself an am able to repaint the
whole process which is the key through which I can become an role model to other at workplace
and motivate the team to work effectively in accordance to the plan 4.
Maintaining life balance is also a very important task to perform in order to be mentally fresh
and ready to perform professional duties. I manage life and work balance by limiting hours of
work in which I work only. After much time i get time to spend within my family. I manage
stress and pressure through taking vacation in some period of time which helps in managing
physical and mental stress of work.
Assessment Task 2
Assessing personal knowledge and skills against competency standards such
as enterprise specific competencies or nationally endorsed units of competency
In this section a detailed research is to be conducted by including the essential requirements in
order to establish a suitable assessment of professional competency. In this context it can be
added that the development of the assessment of professional competency has to be done with
various stages and methods that would be beneficial for the personal to develop the assessment
of professional competency. The methods and skills that are required to develop the assessment
of professional competency are as follows
Eligibility of the person
The primary and the most important step towards the development of the assessment of
professional competence is to having essential and required eligibility for the profession. The
4 Preston, Cassidy, and Jessica Fraser-Thomas. "Problematizing the Pursuit of Personal
Development and Performance Success: An Autoethnography of a Canadian Elite Youth Ice
Hockey Coach." The Sport Psychologist 32, no. 2 (2018): 102-113.
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person who is willing to conduct the assessment of professional competency must have at least a
bachelor’s degree or an approved professional qualification. The development of successful
assessment of professional competence depends n the qualification of the person as well as the
length of experiences regarding work based fields and operations. Thus the person with adequate
knowledge and skills as well as the qualification can proceed towards the assessment of
professional competency.
Knowledge of the person regarding the profession
As for the second step towards the development of the assessment of professional competence,
the required knowledge of the profession in which the development of the competency is to be
done is important. The assessment of professional competency can be smoothly performed by the
person if the required knowledge are acquired. The knowledge of the profession makes it easier
to identify and understand the essential methods and operations that needs to be performed in
order to establish a suitable assessment of professional competency5.
Methods and procedures of the person in developing the assessment of
professional competency
The conduction of the assessment of professional competency has to be achieved b y the person
with the proper implication of the suitable methods and procedures in different assessment
situation during the year. In this context it is to be added the development of the assessment of
professional competency solely depends on the implication of the adequate procedures and
5 Cottrell, Stella. Skills for success: Personal development and employability. Macmillan
International Higher Education, 2015.
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