BSBOPS601 - Develop and implement business plans

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each unit’s learning outcomes & performance criteria requirements, incl the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:
*develop and implement at least one business plan.

In the course of the above, the candidate must:
*analyse and research business vision, mission, values, objectives, goals, competitors, financial targets, management arrangements and marketing approaches
*write a business plan, including:

• description of the business
• products and services
• financial, physical and human resource requirements
• regulatory requirements
• marketing strategy
• financial indicators
• productivity and performance targets for key result areas
  *monitor and respond to business performance including evaluation of performance against key results indicators
  *consult, communicate with and report to relevant stakeholders
  *provide analysis of the strengths and weaknesses of a business plan.

Students will also be expected to demonstrate the following knowledge:
*organisational and legislative frameworks required for the development of business plans, including:

• pre-existing strategic, business and operational plans
• business vision, mission, values and objectives
• permits or licences that may be required for new activity
  *processes for developing and monitoring business plans
  *customer needs and budgeting information
  *performance objectives and measures, including key results indicators
  *stakeholders involved in the development of business plans.