BSBMGT617 - Develop And Implement A New Business Plan For The Organization - Monitoring Performance Scenarios - Management Assignment Help

Assignment Task -                 
 

Part A – requires you to evaluate (if applicable) and plan and develop a business plan for your workplace or as determined by your trainer or teacher.
Part B – requires you to provide an overview of how you will monitor the performance of the business plan during implementation and how you will respond to performance data once the business plan has been implemented.
This project – requires you to plan for and develop a complete business plan.

Part A – Plan and develop the business plan
Your Task:
You are required to review the existing business plan where available and plan and develop a new business plan for the organization, addressing all criteria outlined below:
Where the organization has a an existing business plan, review and evaluate the following documentation if there is no existing business plan that needs to be developed using, for example, the provided resources listed above? Create a draft and consult with your selected stakeholders to clarify or verify each aspect. Attach a briefing document that outlines with whom you have consulted and details of what was discussed. You need to reference each source you access to research information like statistics, products, legislation, etc., work.

Part B – Monitoring the performance and responding to performance data post-implementation.
Your Task:
This section of the project requires you to answer a series of questions and scenarios relating to monitoring performance and responding to performance data. Each question must be answered.

1. Using your completed business plan, who are the relevant parties to whom you need to communicate the business plan? Which details does this need to include for each party in terms of performance requirements and timeframes?

2. What are the skilled labor requirements in the organization to implement the business plan? Provide an overview of skilled labor in each department.

3. Provide 2 examples of how you could test the performance measurements you have set for your business plan.

4. List 5 examples for reports and when these would have to be provided to the various departments in your organization in terms of timelines and importance.

5. You have noticed that an important product line offered by your organization becomes inconsistent due to supply issues. Which actions do you need to take?

6. On occasion it may be necessary to refine performance indicators as the set target is exceeded or can no longer be achieved. List 2 examples where a performance indicator needs to be refined.

7. Your Food and Beverage department showed an underperformance of targeted sales by 5 % last month and again by 7 % this month. The occupancy rate at the hotel for the same period showed an increase of an average of 4%with high profile customers and the number of covers in the restaurant increased on average by 7 %. There have been also a number of indications from customers that service attendance is average. Which potential factors for training could this indicate?

8. What is the purpose of continuous improvement? How would this be reflected in a business plan? Provide 2 examples.

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