BSBMGT617 - Develop And Implement a Business Plan - Knowledge Required to Run a Business Operation - Report Writing - Business Analysis Assignment Help

Assignment Task

Description - This unit describes the skills and knowledge required to run a business operation and covers the steps required to develop and implement a business plan.
It applies to individuals who are running an organisation or who take a senior role in determining the effective functioning and success of the organisation. As such, they may oversee the work of a number of teams and other managers. No licensing, legislative or certification requirements apply to this unit at the time of publication.

Instructions for Students
• This is the first of the five assessment tasks you must complete satisfactorily to be deemed competent in this unit.
• Read the Assessment description carefully.
• In this task, you must answer nine (9) questions that cover the knowledge requirements of this unit.
• You must respond to all questions and submit them to the Trainer/Assessor.
• You must answer all questions to the required standard (e.g. provide the specified number of points) to be deemed satisfactory in this task.
• Assessment may be submitted in Microsoft Word format or may be handwritten. Clearly label your work with your name, unit code, unit title, Assessment Task and respective Question number with the answer to all the documents and sheets that are attached to your submission.
• Read the Plagiarism policy and procedure carefully to understand the consequences that you could face if your work is plagiarized.
• Seek clarification regarding the assessment required to be done, if you do not understand the task.
• Ask for reasonable time from Assessor for preparation of project or Assessment.
• Seek information on additional reading material and reference for completion of the assessments.

Written Questions

1 Briefly outline processes you would use for developing business plans.

2 Briefly describe the following performance objectives and measures, and provide two examples of each:
• Efficiency measures, including unit cost and productivity
• Input measures
• Outcomes measures

3 Briefly describe Lag and Lead indicators used in the workplace to measure performance against objectives. In your response, you must provide at least one example for each and explain which indicator may be better.

4 Give two examples each of quantitative and qualitative measures of performance.

5 Identify any 3 external and 3 internal stakeholders you should seek input from when developing a business plan.

6 How can the following stakeholders of your business provide consultation to you in preparing a business plan? You must mention one way each stakeholder can help.

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