BSB51016 Advanced Diploma of Leadership and Management

BSBMGT617 Develop and Implement a Business Plan

ASSESSMENT ACT

ASSESSMENT ACTIVITY 1 COVERSHEET

Please ensure this form is fully completed prior to submitting.

This page should be on the front of your assessment and needs to be easily accessible.

 

Student Number:
Student Name:
Subject:
Course:

 STUDENT DECLARATION

I hereby certify that:

1. This assessment task is my own work based on my personal study/research and not the work of another student and/or source.
2. I have acknowledged all material and sources used to prepare this assessment task.
3. I have not plagiarised or copied any part of this assessment task from the work of any other student or source either. (I know the penalties for plagiarism include $200 re-assessment fee)
4. This assessment task has not previously been submitted.
5. I am aware of the requirements set by my Trainer & Assessor.
6. I have retained a copy of this assessment task for my own records.
7. I have completed all my assessments, tasks & activities (on Moodle®) successfully.

 

 

Student’s Signature: _______________________________ Date: _________________

	Wentworth Institute RTO Code: 91178        November 2017 Version: 1.0

Student instructions

This assessment must be based on where you work (or have worked most recently).

This Assessment is designed to test the knowledge that you have acquired throughout the unit. Use the following tips to help you answer the questions:

Read each question carefully. Check with your trainer or assessor if you are not sure what the question is asking.

HINT: Use these questions as subheadings to create a business style report to answer your assessment

Your response to each question should aim to provide enough information to answer the question. In most cases, this can be done with just a few paragraphs. Don’t forget to refer to attachments under the heading (question) applicable.

Important: Your assessment must contain this coversheet and your own coversheet (for your “report”)

Your answers & assessment submission must professional in style (Business), content and format. Maximum font size 11 points: Font Arial or Times New Roman; single spacing; clear paragraphs with appropriate punctuation, spellchecking and final submission will need to be proof-read. (i.e. few missing words or typo’s)

In particular:

– Use clear, non-discriminatory language

– Avoid the use of jargon

– Write clearly using plain English

– Consider your target audience

– Ensure that your responses meet the needs of the target audience (in this case your trainer or assessor).

All of your work must be original.

Performance Evidence

Evidence of the 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 licence requirements, marketing activity, financial indicators, productivity and performance targets for key result areas
• implement a business plan including ensuring skilled labour is available, and that training is provided where appropriate
• monitor and respond to business performance including evaluation of performance against key results indicators including 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.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

• outline processes for developing business plans
• describe performance objectives and measures including key performance indicators
• identify key stakeholders.

Marking and Criteria guide:

Assessor and student must read this carefully before assessment.

–           All parts of the assessment must be completed successfully in accordance with the guidance provided in the Marking guide for the student to achieve competence in this unit.

–           Students & assessors must note that professionally critical aspects/concepts must be included (e.g Development of key result areas and key performance indicators and standards, coupled with regular and timely coaching and feedback, provide the basis for performance management).

All parts (criteria: e.g. meetings, role plays, performance action plan and written report.) in the marking guide must be completed successfully for the student to achieve competence in this unit.

Assessor to Complete:

Observation/assessment	Satisfactory Not Yet Satisfactory	Comments
Pre-assessment work completed
All assessments, tasks & activities (on Moodle®) successfully
Final Assessment Part A – Draft a Business Plan
Please provide the reference information of where you accessed the business plans (URL etc.).
1.    Did the student choose one of the three options to draft their business plan?
2.    Did the student create a summary of any of the below? ·         The organisation ·         Mission ·         vision ·         goals ·         objectives ·         resources ·         legal requirements ·         other
Final Assessment Part B – Write a Business Plan
1.    Did the student use the business plan template made available by the business.gov.au?
2.    Did the student include an appropriate cover page?
3.    Did the student include a table of contents?
4.    Did the student briefly summarise: ·         the business details ·         the market ·         the future ·         the finances in their Business Plan Summary?
The Business Plan Body must include all the relevant sections that relate to the chosen business plan.
5.    Did the student provide a description of the business as below? ·         Registration details ·         Business location ·         Leasing ·         Organisational Chart ·         Management/ ownership ·         Experience ·         Key personnel
6.    Did the student report on business products and services?
7.      Did the student report on marketing activity/strategies?
8.      Did the student report on Insurance requirements?
9.      Did the student provide a risk management strategy?
10.   Did the student list the legal considerations that impact the running of the business?
11.   Did the student describe the operation system and processes?
12.   Did the student outline a sustainability plan?
13.   Did the student provide a market analysis?
14.   Did the student provide a SWOT analysis?
15.   Did the student complete the competitors detail table?
16.   Did the student develop the advertising and sales strategy?
17.   Did the student complete the Future section of the template? ·         Mission statement ·         Vision statement ·         Goals/objectives ·         Action plan.
18.   Did the student report on financial indicators/sources (e.g. profit and loss projection, cash flow, CBA)?
19.   Did the student provide any supporting documents? ·         Resume ·         Inventory list ·         Survey/s ·         Questionnaire/s ·         Financial documents.
Final Assessment Part C – Responding to Performance Data
20.  Did the student describe the steps that they would take to communicate your business plan to all relevant parties to ensure understanding of performance requirements and timeframes?
21.  Did the student describe how they will analyse performance outcomes against your planned objectives?
22.  Did the student describe possible reasons when performance is defined as a ‘Highlight’?
23.  Did the student describe possible reasons when performance is defined as an ‘exception’?
24.  Did the student state what correction actions they would recommend considering the above performances?
25.  Did the student describe how they would identify and manage underperformance to ensure that groups and individuals are performing effectively? Did they include the following: ·         Training ·         Coaching ·         Other improvement strategies.
26.  Did the student describe the organisation’s method to evaluate the effectiveness of continuous improvement systems and processes?

 Practical Checklist

Assessor to complete:

Did you observe the student? Yes / No

Further comments required

Assessor Comments

________________________________________________________________

________________________________________________________________

________________________________________________________________

________________________________________________________________

Resubmission required       Yes_________ No___________

Date resubmission must be handed in:  ________________________

Assessor’s name and signature:  _______________________________

Date:  _________________________

Final Assessment Part A – Draft a Business Plan

You are required to use Starbuck as your business to draft a Business Plan:

Use the table below to write ideas, resources or requirements that you may need to include in your business plan.

 Business Plan Idea Summary

–

–

–

Final Assessment Part B – Write a Business Plan

You are required to develop a Business Plan in a professional format for Starbuck which would be distributed to the CEO and key stakeholders. (At least 20 pages)

Your business plan must include:

• An appropriate cover page.
• A table of contents
• A business plan summary (executive summary)
• Description of the business including an organisational chart.
• Details of experience
• Key personnel
• The products and services
• Marketing activity/strategies
• Insurance requirements
• Risk management, Contingency and mitigation strategies.
• Legal considerations
• Operation systems and processes.
• A sustainability plans.
• A market analysis
• A SWOT Analysis
• Competitors analysis
• Advertising strategies
• Goals, objectives, vision and mission of the plan
• Financial indicators (e.g. profit and loss projection, cash flow, CBA)
• Supporting documents

Final Assessment Part C – Responding to Performance Data

1. You are required to describe the steps that you would take to communicate your business plan to all relevant parties to ensure understanding of performance requirements and timeframes.

 

2. Describe how you will analyse performance outcomes against your planned objectives.

 

3. Describe possible reasons when performance is defined as a ‘Highlight’

 

4. Describe possible reasons when performance is defined as an ‘exception’.

 

5. What correction actions would you recommend considering the above performances?

 

6. Describe how you would identify and manage underperformance to ensure that groups and individuals are performing effectively. Your responses to include the following:

• Training
• Coaching
• Other improvement strategies.

 

7. Describe the organisation’s method to evaluate the effectiveness of continuous improvement systems and processes.