BSBMGT617 Develop And Implement

BSBMGT617 Develop and Implement
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Written Assessment Instructions
This written assessment requires you to answer a number of underpinning knowledge questions about develop and implement a business plan.
1.During this time please ask the Trainer/Assessor regarding any questions in the Written Assessment that you do not understand
2.Please initial any amendments or crossings out
3.Please answer ALL questions
4.Reasonable adjustment will be made should the Trainer/Assessor deem it necessary
5.You must show sufficient knowledge in all written questions.  If deemed unsatisfactory, you will be assessed as “Not Satisfactory”.
6.You can access the Student Manual, references and course notes.
7.Your Trainer/Assessor will check your answers after you have finished and ask you to explain anything that is unclear.
8.In order to achieve a satisfactory outcome for the written activities you will need to: Complete all questions correctly Demonstrate sufficient knowledge of the subject Use reasonable methods or considerations in coming to answers Correctly explain principles when questioned by your Trainer/Assessor in the instance where your original answer is unclear.
9.If you are assessed as being “Not Satisfactory”, you will be provided oral and written feedback on areas needing improvement. Your Trainer/Assessor will guide you about re-assessment conditions related to the assessments. The “Complaints and Appeals Process”: should you wish to appeal an assessment decision, you should refer to the “Complaints and Appeals” Policy. It is available on Skills Australia’s website.
 
To be assessed for this competency, you must demonstrate your ability to:
•Analyse and research business vision, mission, values, objectives, goals, competitors, financial targets, management arrangements, marketing approaches and strategic, business and operational plans
•Write a business plan which includes a description of the business, products and services, financial, physical and human resource requirements, permit and license requirements, marketing activity, financial indicators, productivity and performance targets for key result areas
•Implement a business plan including ensuring skilled labor is available and that training is provided where appropriate
•Monitor and respond to business performance including evaluation of performance against key result indicators such as profit and loss, community awareness or branding, environmental impact, governance, quality, sales, triple bottom line and the workforce
•Consult, communicate with and report to key stakeholders including business partners, financiers, customers, staff, and technical advisers
Provide an analysis of the strengths and weaknesses of a business plan.
 
Using the simulated business Bounce Fitness or In your own workplace if you are able to access all the documents and conduct all of the activities. If you are using your own business, simply replace references to Bounce Fitness with the name of your organisation. Ensure that you gain the approval of your choice with your Assessor before commencing. The documents you will require if you are using the simulated business Bounce Fitness can be found on the Bounce Fitness website:
•Infrastructure tab / Strategic and Business Planning documents
•Infrastructure tab / Current Projects / Bounce Fitness: Fitness in Maturity Brief
•Infrastructure tab Project Outcomes / Bounce Fitness: Fitness in Maturity Brief Review People tab / Hierarchal Structure
 
Task 1 – Theory: Short Answer Questions
Task 1 requires you to demonstrate the knowledge required to run a business operation and covers the steps required to develop and implement a business plan.
To enable you to do this, answer the following questions.
If you require more space, use your own paper placing your name and group identifier at the top and the question number beside your answer.
If you use your own business, you must include copies of all documentation to which you refer for the Assessor.
If you use your own business, all answers must be confirmed by your supervisor during the interview to complete the Evidence Record.
 
1a    Outline the processes that you will use to develop the business plan you are to create for this Assessment.
1b    Describe performance objectives and measures that you have identified for the business plan you are to create for this Assessment.
1c    Identify the key stakeholders.