Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Assessment T-1.8.1 Details of Assessment Term and Year Time allowed 7 Weeks Assessment No 1 Assessment Weighting 100% Assessment Type Strategic & Business Plan Due Date Week 7 & Week 8 Room TBA...

1 answer below »
Assessment
T-1.8.1
    Details of Assessment
    Term and Yea
    
    Time allowed
    7 Weeks
    Assessment No
    1
    Assessment Weighting
    100%
    Assessment Type
    Strategic & Business Plan
    Due Date
    Week 7 & Week 8
    Room
    TBA
    Details of Subject
    Qualification
    BSB61015 Advanced Diploma of Leadership and Management
    Subject Name
    Strategic & Business Planning
    
    Details of Unit(s) of competency
    Unit Code (s) and Names
    BSBMGT617 Develop and implement a business plan
    
    BSBMGT616 Develop and Implement strategic plans
    Details of Student
    Student Name
    
    College
    
    Student ID
    
    Student Declaration: I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source.
    Signature: ___________________________
Date: _______/________/_______________
    Details of Assesso
    Assessor’s Name
    
    Assessment Outcome
    Results
    
|_| Competent |_| Not Yet Competent

    Marks
     / 100
    FEEDBACK TO STUDENT
Progressive feedback to students, identifying gaps in competency and comments on positive improvements:
    ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
    Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I am also aware of my right to appeal and the reassessment procedure.
Signature:     ____________________________
Date:     ____/_____/_____
    Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback
|_| Student did not attend the feedback session.
XXXXXXXXXXFeedback provided on assessment.
Signature:     ____________________________
Date:     ____/_____/_____
    Purpose of the Assessment
    The purpose of this assessment is to assess the student in the following learning outcomes:
    Competent
(C)
    Not Yet Competent
(NYC)
    BSBMGT617 Develop and implement a business plan
    1.1 Review and evaluate pre existing strategic, business and operational plan, if available
    
    
    1.2 Analyse and interpret business vision, mission, values and objectives
    
    
    1.3 Consult with key stakeholders
    
    
    1.4 Review market requirements for the product or service, profile customer needs and research pricing options
    
    
    1.5 Develop performance objectives and measures through consultation with key stakeholders
    
    
    1.6 Identify financial, human and physical resource requirements for the business
    
    
    1.7 Consider any permits or licences that may be required for new activity
    
    
    1.8 Write business plan
    
    
    2.1 Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes
    
    
    2.2 Ensure skilled labour is available to implement plan
    
    
    2.3 Test performance measurement systems and refine, if necessary
    
    
    2.4 Ensure timely reports on all key aspects of the business are available, user friendly and balanced in terms of financial and non financial performance
    
    
    2.5 Report system failures, product failures and variances to the business plan as they occu
    
    
    3.1 Analyse performance reports against planned objectives
    
    
    3.2 Review performance indicators and refine if necessary
    
    
    3.3 Ensure groups and individuals contributing to under performance are coached, and provide training where appropriate
    
    
    3.4 Review system processes and work methods regularly as part of continuous improvement
    
    
    BSBMGT616 Develop and implement strategic plans
    1.1 Check with stakeholders that organisational vision and mission are still held to be cu
ent and are supported
    
    
    1.2 Make any changes or refinements to vision or mission statement as required
    
    
    1.3 Review or develop organisational values to support the vision and mission statement
    
    
    1.4 Gain support for strategic planning process from all relevant stakeholders
    
    
    2.1 Determine information requirements and undertake or commission research to deliver relevant information
    
    
    2.2 Analyse political, economic, social, and technological developments in a global context
    
    
    2.3 Seek advice from appropriate experts wherever necessary
    
    
    2.4 Identify and consider strengths and weaknesses of existing and potential competitors and allies
    
    
    2.5 Analyse organisation’s strengths, weaknesses, opportunities and threats
    
    
    2.6 Consider cooperative ventures that are supported by risk and cost benefit analyses, are consistent with the organisational vision, mission and values and provide for due diligence
    
    
    2.7 Check that analysis of internal and external environment is consistent with the perspectives of other informed people
    
    
    3.1 Document relevant research and background for inclusion in the strategic plan
    
    
    3.2 Formulate strategic objectives and strategies needed for the future
    
    
    3.3 Detail each strategy with an assigned priority, a timeframe, responsible parties and measurable performance indicators
    
    
    3.4 Circulate strategic plan for comment, support and endorsement
    
    
    4.1 Communicate strategic plan to all relevant parties
    
    
    4.2 Brief people with a specific role in relation to strategies
    
    
    4.3 Use performance indicators to monitor progress in implementing plan
    
    
    4.4 Make necessary refinements to plan
    
    
    4.5 Evaluate achievement of objectives at agreed milestones
    
    
    4.6 Review effectiveness of plan and consider methods for improving strategic planning processes
    
    
    Assessment/evidence gathering conditions
    Each assessment component is recorded as either Competent (C) or Not Yet Competent (NYC). A student can only achieve competence when all assessment components listed under “Purpose of the assessment” section are recorded as competent. Your trainer will give you feedback after the completion of each assessment. A student who is assessed as NYC (Not Yet Competent) is eligible for re-assessment.
    Resources required for this Assessment
    1. Computer with relevant software applications and access to internet
1. Weekly eLearning notes relevant to the tasks/questions
    Instructions for Students
    Please read the following instructions carefully
· This assessment has to be completed |X| In class |X| At home
· The assessment is to be completed according to the instructions given by your assessor.
· Feedback on each task will be provided to enable you to determine how your work could be improved. You will be provided with feedback on your work within two weeks of the assessment due date. All other feedback will be provided by the end of the term.
· Should you not answer the questions co
ectly, you will be given feedback on the results and your gaps in knowledge. You will be given another opportunity to demonstrate your knowledge and skills to be deemed competent for this unit of competency.
· If you are not sure about any aspects of this assessment, please ask for clarification from your assessor.
· Please refer to the College re-assessment for more information (Student Handbook).
ASSESSMENT BRIEF
This assessment comprises both the report and presentation as a summative assessment. You are required to prepare a strategic business plan report and perform a presentation for your business plan. To complete this assessment, you are required to follow the reporting structure as provided to complete the business plan (PART A) and perform a presentation of your business plan (PART B).
PART A – STRATEGIC BUSINESS PLAN – 70%
Using the Business Plan template (titled as “Main Template” and other additional templates) provided by your nominated trainer and assessor (also available in e-learning), develop a strategic business plan for a small business or enterprise of your choice (within Australia) or use the organisational context of Academies Australasia.
To demonstrate competency you will need to consider in your analysis the capabilities and resources of the new enterprise, vision, mission, trends and developments in the marketplace, comparative market information, and legal and ethical restraints on the proposed business activity. Finally, the business plan should provide a forecast for the long-range direction of the business and its strategic success.
You will be working to develop a business plan for your chosen business to open a new
anch at Hobart. The paper and the presentation should include a well-laid process to actualize the business idea, strategic financial feasibility, marketing feasibility, and operational feasibility. In order to open a new
anch to offer services at Hobart, the company needs to have the appropriate legal clearance from the relevant authority. You will also need to conduct an extensive research to identify the legal requirements and summarize your findings.
ORGANISATIONAL CONTEXT (if not using a business of your choice)
Academies Australasia is a leading education provider offering English language, Senior High School, Singapore Government School Preparatory Certificate, Diploma, Advanced Diploma, Bachelor and Master degree courses. They offer more than 100 qualifications to about 5,000 students across campuses in Sydney, Melbourne, Brisbane, Perth and Singapore. Cu
ently, the company is planning for expansion and therefore exploring the viability of opening a
anch at Hobart, Tasmania.
For more information on Academies Australasia and its operation, please visit the organisation’s website at http:
www.academies.edu.au/. Latest annual report of the company is available at http:
www.academies.edu.au/Annual-Reports.html#.Wkwgx1WWbGg.
You will be working to develop a business plan for Academies Australasia to open a new campus at Hobart. The paper and the presentation should include a well-laid process to actualize the business idea, strategic financial feasibility, marketing feasibility, and operational feasibility. In order to open a new campus to offer vocational education qualification at Hobart, the company needs to have the appropriate legal clearance from the relevant authority. You will also need to conduct an extensive research to identify the legal requirements and summarize your findings.
There is no specific word limit on this report but you may use several templates from the detailed business plan template (titled as “Main Template”) provided and your report must follow the structure below:
STRUCTURE FOR THE STRATEGIC BUSINESS PLAN (70 %)
· Cover Page
· Executive Summary (5 marks)
· Table of Content
· Business Plan Summary (10 marks)    
· The Business    
· The Market    
· The Future    
· The Finances    
· Business Plan Timeline (Gantt Chart)
· The Organisational structure & operational plan (15 marks)    
· Business details    
· Registration details    
· Business premises
· The products and services to be offered by the organisation
· Organisation chart
· Management & ownership
· The key HR policies of the business regarding Recruitment of Staffs, Performance Appraisal, Salary and Compensations Structure.
· Key personnel    
· Products/services
· Innovation    
· Insurance    
· Risk management    
· Legal considerations
· Operations    
· Sustainability plan
· The Market and market analysis (15 marks)    
· Market research    
· Market targets and 4 Ps of marketing for the business
· Your competitors
· Environmental/industry analysis    (e.g. Porter’s five forces analysis)
· Your customers    
· S.W.O.T. analysis that will identify certain strengths and opportunities of the proposed company and should address some key weaknesses and threats.
· Advertising & sales
· The Future (5 marks)    
· Vision statement    
· Mission statement
· Goals/objectives
· Action plan    
· The Finances (20 marks)
· Key objectives, assumptions & financial review    
· Start-up costs for [YEAR]
· Balance sheet forecast    
· Profit and loss forecast    
· Expected cash flow    
· Break-even analysis    
· Supporting documentation    
PART B – PRESENTATION OF STRATEGIC BUSINESS PLAN – 30%
In this PART, you are required to prepare a presentation
Answered Same Day Jun 02, 2020 BSBMGT617 Training.Gov.Au

Solution

Perla answered on Jun 04 2020
134 Votes
Academies Australasia
Business plan and organizational strategy
Academies Australasia
*
Academies Australasia – Business strategy presentation -
*
Academies Australasia – Business strategy presentation -
Overview
The business:
    Providing education is the key business of the organization. The organization is working to provide several certification programmes. More than 100 qualifications are being floated by the company at present. As high as 5000 students are studying in the company at present. Academies Australasia is about to open a new
anch in Hobart, Tasmania.
    The market
    Entire tasmania students, professionals, house wifes and other enthusiastic person having minimum qualifications
*
Academies Australasia – Business strategy presentation -
*
Academies Australasia – Business strategy presentation -
    Future
    Opening 6th
anch in Hobart, Tasmania
    Finance
    Part payment is from the existing revenues and the rest of the payment is from collateral loans of the organization.
*
Academies Australasia – Business strategy presentation -
*
Academies Australasia – Business strategy presentation -
Organizational chart
*
Academies Australasia – Business strategy presentation -
*
Academies Australasia – Business strategy presentation -
    Student eligibility
    Any student from Australasia with required minimum qualifications
    Registration
    As per Tasmania norms
    Loans
    From local or international banks of repute
*
Academies Australasia – Business strategy presentation -
*
Academies Australasia – Business strategy presentation -
    Busines premises
    Around 2 kilometers from outskirst of hobert
    Key Hr policies
    HR policies span to the following vital divisions
    Recruitment – As per the best standards in the industry
    Performance appraisal – Pay per performance
    Cultural diversity – As per federal regulations
    Discrimination – As per federal regulations
    Conflict resolution – As per the quality standards
    Promotion and insurance – As per organizational regulations
    Allowance for education, family welfare, medical insurance – As per best industry practices
    Salary and compensation – As per industry norms
    
*
Academies Australasia – Business strategy...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here