BSBMGT617 : Develop and Implement Business Plans - Management Assignment Help

Q1:

Identify and explain five (5) methods to review and evaluate pre-existing business and operational plans.  Write your answer in 200—250 words

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Q2:

Answer the following questions:

1. 1. 1. What is the process involved in developing a business plan for an organisation? (300-350 words)
      2. What should be included in a business plan? (100-150 words)

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Q3:

Answer the following:

a. Identify five (5) key stakeholders that you may need to consult with when developing a business plan. 

b. Why is it important to consult with stakeholders when preparing business plans? (150-200 words)

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Q4:

Answer the following:

a. Describe what performance objectives and measures are (including key performance indicators). (50-100 words)

b. Outline how you could develop performance objectives and measures, in consultation with key stakeholders for your business plan. Write your answer in 250-300 words.

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Q5:

How can you measure the performance of employees in an organisation? Write your answer in 100-150 words.

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Q6:

How can you ensure you consult effectively with stakeholders about business and operational plans? Write your answer in 100-150 words.

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Q7:

Describe the ten (10) guidelines to develop performance objectives and how will you measure performance objectives in consultation with stakeholders.  Write your answer in 150-200 words.

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Q8:

Read the following case study and answer the accompanying questions:

The Department for Correctional Services in South Australia is committed to optimising its performance within existing financial, human and physical resource constraints. The Department acknowledges that outcomes will be achieved through a collaborative approach, drawing on the experience and creativity of other agencies, key stakeholders and the community.

The Justice Strategic Directions sets a context for the Department’s strategic thinking and, when combined with knowledge of trends within Government, industry and an assessment of internal capability, provides a foundation for strategic and business planning in correctional services in South Australia. To achieve this, the Department has developed a sound management framework.

The Department for Correctional Services in South Australia identified that the most important element in starting a business is funding. Even the most basic home business incurs a multitude of start-up costs, including registering a business name, obtaining a business telephone line and printing business cards. Financial resources can be obtained from a variety of sources, the easiest being from the personal accounts of the company’s founder. Alternatively, loans and lines of credit may be granted from financial institutions, friends and relatives, private investors and even the Australian government. In addition, many grants are offered from private and public sources to entrepreneurs of all demographics and personal situations. In the case of the Department for Correctional Services, most of the financial funds were provided by the Australian Government.

The success of an organization is heavily reliant on the talent and strength of its employees. The hiring of experienced professionals with track records of excellence within their area of expertise ensures that the mission and goals of the company will be carried out efficiently and competently. Strong team members can be recruited using a variety of methods. Staffing agencies and executive search firms specialize in placing talent of all levels within every industry. An alternative is to find employees through referrals from individuals whose judgment is trusted. The Department for Correctional Services has an internal Human Resource service to help seek highly capable and competent employees to work for them.

Whether a small home business or a retail operation with multiple locations, every organization must have the appropriate physical resources to survive. This includes a proper workspace, working telephone line, adequate information systems and effective marketing materials. This aspect of business planning can be one of the costliest. As such, it is important for an entrepreneur to realistically assess his needs before making any purchases. Recently, the Australian Government provided $756 million to the Department to enhance its state-of-the-art physical resources. Prior to it, the Department had $281.5 million of physical resources to support its infrastructure and services.

8.1 What is the importance of identifying resource requirements while developing a business plan? Write your answer in 100-150 words.

8.2 Identify financial, human and physical resource requirements for the business plan mentioned in the above case study. Write your answer in 50-100 words.

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