Subject Code & Title :- BSBOPS601 Develop And Implement Business Plans
Assessment Type :- Assignment
ASSESSMENT TASK 1: KNOWLEDGE QUESTION
Task summary
You need to answer all of the written questions correctly.
Your answers must be word processed and uploaded in the canvas LMS unless advised other wise
BSBOPS601 Develop And Implement Business Plans Assignment
Required
Access to textbooks and other learning materials
Computer with Microsoft Office and internet access
Timing
Your assessor will advise you of the due date of this assessment You also find the information in the Canvas home page of this unit.
BSBOPS601 Develop And Implement Business Plans Assignment
Submit
Answer to all questions.
Assessment criteria
All questions must be answered correctly in order for you to be assessed as having completed the task satisfactorily.
Resubmission opportunities :-
You will be provided feedback on your performance by the assessor.
The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed the assessor will explain why, and provide you with written feedback along with guidance on what you must under take to demonstrate satisfactory performance. Reassessment attempt(s) will be arranged at a later time and date.
You have the right to appeal the outcome of assessment decisions if you feel you have been dealt with unfairly or have other appropriate grounds for an appeal.
BSBOPS601 Develop And Implement Business Plans Assignment
You are encouraged to consult with the assessor prior to attempting this task if you do not under stand any part of this task or if you have any learning issues or needs that may hinder you when attempting any part of the assessment.
Note that the following guidance is the minimum level of response required.
Analyse :- when a question asks you to analyse something you should do so in detail, and identify important points and key features. Generally, you are expected to write a response one or two paragraphs long.
Compare :- when a question asks you to compare something you will need to show how two or more things are similar ensuring that you also indicate the relevance of the consequences. Generally you are expected to write a response one or two paragraphs long.
Describe :- when a question asks you to describe something, you should state the most notice able qualities or features. Generally you are expected to write a response two or three sentences long.
Discuss :- when a question asks you to discuss something, you are required to point out important issues or features and express some form of critical judgement. Generally you are expected to write a response one or two paragraphs long.
BSBOPS601 Develop And Implement Business Plans Assignment
Evaluate :- when a question asks you to evaluate something, you should put forward arguments for and against some thing. Generally you are expected to write a response one or two paragraphs long.
Examine :- when a question asks you to examine something this is similar to analyse where you should provide a detailed response with key points and features and provide critical analysis. Generally you are expected to write a response one or two paragraphs long.
Explain :- when a question asks you to explain something, you should make clear how or why something happened or the way it is. Generally you are expected to write a response two or three sentences long.
BSBOPS601 Develop And Implement Business Plans Assignment
Identify :- when a question asks you to identify something, this means that you are asked to briefly describe the required information. Generally you are expected to write a response two or three sentences long.
List :- when a question asks you to list some thing this means that you are asked to briefly state information in a list format.
Outline :- when a question asks you to outline some thing this means giving only the main points Generally you are expected to write a response a few sentences long.
Summarise :- when a question asks you to summarise something this means like outline only giving the main points. Generally you are expected to write a response a few sentences long.
BSBOPS601 Develop And Implement Business Plans Assignment
PROVIDE ANSWERS TO ALL OF THE QUESTIONS BELOW:
Provide answers to all of the questions below:
1. Outline three reasons why a company may choose to develop a business plan.
2.Identify the key steps involved in developing a business plan (at least four).
3.List five common components of a business plan.
4.Outline three areas that the initial business planning process may address.
5.Describe the purpose of a SWOT analysis in a business planning process.
6.Explain the relationship between performance objectives and key performance indicators in a business plan.
7.Explain why it is important for a business to use a range of performance measures within its business plan.
8. If a business plan has an objective of improving customer satisfaction identify three performance measures that could be used to measure customer satisfaction.
9. Identify key stakeholders who may be involved in business planning and explain how they are involved.
10.Explain the importance of pre-existing strategic business and operational plans to the development of a new business plan.
11. Explain why it is important to understand a business vision mission values and objectives when developing a business plan. Give an example to illustrate your answer.
12. Describe at least three regulations permits requirements licence requirements to consider when initiating a new business activity that may require a permit or licence.
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