BSBSMB404 : Undertake Small Business Planning  Identify, Assess and Prioritise Internal and External Risks - Management Assignment Help

Assignment Task:

Task:

Assessment BOOKLET is attached- must complete all the questions plus the following instructions for other questions

In this assessment, you will need to provide In-text reference and Reference List (at the end of your assessment). As you know that the Clinton Institute is following Harvard referencing in terms of providing any kind of source in your answer. Therefore, you need to follow Harvard referencing if you have any source in your answer. Please visit page 7 in your booklet to know how to do Harvard referencing.
If you are unfamiliar with how to reference, we recommend that you review http://www.citethisforme.com/harvard-referencing. Two types of citations are included:
In-text citations are used when directly quoting or paraphrasing a source. They are located in the body of the work and contain a fragment of the full citation. Depending on the source type, some Harvard Reference in-text citations may look something like this:
"After that I lived like a young rajah in all the capitals of Europe…" (Fitzgerald, 2004).
Reference lists are located at the end of the work and display full citations for sources used in the assignment. Here is an example of a full citation for a book found in a Harvard Reference list:
Fitzgerald, F. (2004). The great Gatsby. New York: Scribner.*
MUST COMPLETE THIS PART AS WELL INCLUDING THE ABOVE
ADDITIONAL REQUIREMENTS
Here are the instructions for the Role play in BSBSMB404, Task 3, Activity 4. In this activity, you will have to submit a meeting presentation slides and a briefing document. 
In the meeting presentation slides, you must include all required discussion points and proposed outcomes for each of the following;
·         identify specific interests and objectives of each participant and confirm their support of the planned business direction
·         identify, assess and prioritise internal and external risks
·         identify specialist services and sources of advice required, if any, and their costs 
·         develop risk management strategies 
·         use language and features appropriate to audience 
·         participate in discussions using listening and questioning to elicit the views of others and to clarify or confirm understanding 
 
In the briefing document, you will have to write a briefing base on your meeting presentation slides and demonstrate the Roleplay Script for the Roles below by following the Outline of Roleplay Script and instructions.
 
Specific instructions for role players include:
Role  Played by  Outline of Roleplay Script 
Operations Manager Student being assessed ·         outline the purpose of the meeting
·         answer all questions from the other participants
·         ask each participant and confirm what their specific interests in and objectives for the business are
·         clarify how their specific interests and objectives have been included in the business plan
·         seek from each participant their support for the business plan and their confirmation that the business direction in the plan satisfies their interests and achieves their specific objectives
·         facilitate the assessment and prioritising of business risks
·         recommend strategies/contingencies for the business risks
James, Director and business owner  Assessor  ·         when prompted, answer that your specific interest is to step back from operations to grow the customer base of the business
·         when prompted, answer that your specific objectives for the business are to-
o    maintain  a continually growing annual net profit whilst pursuing growth, 
o    reduce staff turnover, and 
o    update the motor vehicle fleet
·         when prompted, confirm your support of the planned business direction
·         ask the Operation Manager (student being assessed) to explain the “weaknesses” and “threats” identified in the SWOT Analysis included in the business plan
·         ask the Operation Manager (student being assessed) to identify the most significant external risks to achieving the business goals and objectives
·         ask the Operation Manager (student being assessed) to identify the most significant internal risks to achieving the business goals and objectives
·         ask the Operation Manager (student being assessed) what specialist services and sources of advice are needed to assist manage the risks identified, and at whether their costs are included in the  plan and its resources
·         ask the Operation Manager (student being assessed) to provide risk management strategies for the risks identified
Nancy, Director and business owner  another student  ·         when prompted, answer that your specific interests are to-
o    to make sure customers have a professional and friendly service, and
o     to find new ways to market/ sell  to attract new customers
·         when prompted, answer that your specific objectives for the business are to-
o    increase the number of clients by 20% next year
o    not let marketing expenditure stop the continuing annual growth in net profits. 
·         when prompted, confirm your support of the planned business direction

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