BSBOPS601 - Develop and implement business plans Assessment BSBOPS601 - Develop and implement business plans BSBOPS601 - Develop and Implement Business Plans Assessment Task 2 Assessment Task 2...

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BSBOPS601 - Develop and implement business plans Assessment BSBOPS601 - Develop and implement business plans BSBOPS601 - Develop and Implement Business Plans Assessment Task 2 Assessment Task 2 BSBOPS601 Develop and Implement Business Plans First Published in 2021 This Assessment Pack is copyright to Apeiro Institute. This assessment pack is developed by Apeiro Institute using material purchased from Precision Group. Precision Group (Australia) Level 13, 269 Wickham St, Fortitude Valley 4006 Email: [email protected] Website: www.precisiongroup.com.au © 2020 Precision Group (Australia) We at Apeiro Institute are thank-full to Precision Group for their Training Resources. The Copyright Act of 1968 of Australia allows a maximum of one chapter or 10% of this book, whichever is the greater, to be copied by any educational institution. All rights reserved. Except under the conditions described in the Copyright Act of 1968 no part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, or otherwise, without written permission from the owner. Every effort has been made to trace and acknowledge copyright. However, should any infringement occur, the publishers tender their apologies and Apeiro Institute invites copyright owners to contact them. Instructions for students/learner Before you commence your Assessment, ensure that you have good knowledge of the subject, have thoroughly read the Learner Resource, and clearly understand the Assessment requirements and the expectations of the Assessor. You may be required to demonstrate knowledge and skills which may be difficult for the Assessor to witness. If so, an Evidence Record is supplied which will allow the knowledge or skill to be verified by at least one third party, and preferably two or more. These witnesses would usually be current or recent supervisors or your Assessor. Explanations are given for each Task. If you have any questions, consult with your Assessor. Any modifications/changes or amendments to this assessment should obtained in writing from your assessor. Your assessor may need to organise any additional documents or assessment in order to accommodate any given individual need and workplace requirements, if learners chose to work on his/her own simulated or real workplace based scenario. Any variation must be agreed by assessor in writing. The assessment tasks may be answered using your business, the simulated business or a mixture of both as instructed by your Assessor. Records must be kept of all aspects of the Assessment in your Learner Pack. STUDENT DECLARATION – ALL STUDENT MUST SIGN THE STUDENT DECLARATION PART AT THE FRONTPAGE PF THE ASSESSMENT. YOUR ASSESSMENT WILL NOT BE ACCEPTED FOR MARKING IF STUDENT DECLARATION IS NOT SIGNED AND SUBMITTED WITH THIS ASSESSMENT. The record of assessment is a legal document and must be signed, dated, and a copy stored as required by Apeiro Institute. Steps for Learners 1. Learners should be spending minimum of ten (10) hours a week other than classroom contact hours for self-directed studies. These hours can be used in forms of; completing assessments, studying learner’s manual PRESCRIBED BY Apeiro Institute, reading, researching and analysing information online, completing case study given by the trainer, studying for class test and to complete required research for classroom-based discussions/activities. These hours are designed to provide all learners with the opportunity to spend quality time developing their knowledge and skills to achieve satisfactory course progress. 2. Receive your Learner Assessment Pack and discuss with your Assessor the expectations of this Assessment. If working on your selected organisation not mentioned mentioned in the assessment, you may also need to supply contact details of one or two work referees who can confirm your skills in the industry. Discuss the requirements with the Assessor if you intend to undertake the tasks based on your employing organisation and not using the simulated business, Bounce Fitness. 3. Your Learner Assessment Pack is where you will get the Task information. Complete the Tasks as instructed, using either the simulated business, Bounce Fitness or the employing organisation. 4. After you complete your Assessment, gather and return your evidence documents, as detailed in the Task(s) in the timeframe agreed with your Assessor. 5. All short question must be answered with approx. 80 words (approx.). All Reports, case study or project; must be written with a word count of 700-900 words (approx.) and/or as per trainer’s instructions. Class test/presentation/role-play or classroom based practical activity to be completed as per the instruction by the assessor. Presentations, to be completed using MS PowerPoint software with minimum of 10 slides and/or as per trainer’s instructions. 6. Learner must complete this assessment in an electronic format and submit it in MS Word only and complete presentation in MS PowerPoint. 7. Style Guide, Leaners should follow standards font size, style and font colour format to complete their assessment. · Standard Font Style – Calibri or Times New Roman · Standard Font Size – size 11 or size 12, except for heading where size should not exceed size 16/18. · Standards Font Colour – Black, except some circumstances where required blue or any decent colour are permitted. · For any variation and any question, discuss that with your trainer. Learner Information This Learner Assessment Pack is designed for you to complete the assessment for BSBOPS601 - Develop and implement business plans (Release 1)It may refer to your own workplace/organisation, or to a simulated business provided by your assessor. The assessment tasks include Short Answer Questions where you need to demonstrate your knowledge and understanding of the unit, and the Practical Assessment (project work), where you need to demonstrate your skills required in the unit. It is recommended that you use the case study provided in the assessment where possible. If you are working on a different organisation, to discuss with the assessor first and obtain the written permission. Ensure to discuss this with your assessor prior to commencing with the assessment. This Learner Assessment Pack is made up of two task: Assessment Tasks Assessment Tasks, including: · Short Answer Questions · Project Work (Practical Assessment) Reasonable Adjustment Adapted Reasonable Adjustment in teaching, learning and assessment for learners with a disability - November 2010 - Prepared by - Queensland VET Development Centre Reasonable adjustment in VET is the term applied to modifying the learning environment or making changes to the training delivered to assist a learner with a disability. A reasonable adjustment can be as simple as changing classrooms to be closer to amenities or installing a particular type of software on a computer for a person with vision impairment. Why make a reasonable adjustment? We make reasonable adjustments in VET to make sure that learners with a disability have: · The same learning opportunities as learners without a disability, and · The same opportunity to perform and complete assessments as those without a disability. Reasonable adjustment applied to participation in teaching, learning and assessment activities can include: · Customising resources and assessment activities within the training package or accredited course · Modifying the presentation medium · Learner support · Use of assistive/adaptive technologies · Making information accessible both before enrolment and during the course · Monitoring the adjustments to ensure learners needs continue to be met Assistive/Adaptive Technologies Assistive/Adaptive technology means ‘software or hardware that has been specifically designed to assist people with disabilities in carrying out daily activities’ (World Wide Web Consortium - W3C). It includes screen readers, magnifiers, voice recognition software, alternative keyboards, devices for grasping, visual alert systems, digital note-takers. IMPORTANT: Reasonable adjustment made for collecting learner assessment evidence must not impact on the standard expected by the workplace, as expressed by the relevant unit(s) of competency. For example, if the assessment were gathering evidence of the learner’s competency in writing, allowing the learner to complete the assessment verbally would not be a valid assessment method. The method of assessment used by any reasonable adjustment must still meet the competency requirements. Resources Required for Assessment To complete the Practical Assessment tasks, you will require access to: · Computer with internet and email access and a working web browser · Installed software: Word, Adobe Acrobat Reader, Excel, PowerPoint · A workplace, or a simulated workplace environment that will allow you access to: · Relevant information · Printed or online sources for research on market requirements and competition · Workplace documentation, including: · Organisational documents including: · Organisational documents from where mission, vision, business objectives, goals, business values, and pre-existing strategic, business and operational plans can be accessed · Financial statements to support the financial indicators in the business plan such as historical financial statements for previous year, budgeting information for current year and prospective financial statements for next year. Financial statements must include profit & loss statement, balance sheet statements and cash flow statements · Organisational and workplace policies and procedures such as: · Business plan implementation and monitoring · Performance measurement · Business Assessment Report template, or similar from the learner’s workplace/organisation · Meeting Minutes template, or similar from the learner’s workplace/organisation · Business plan template, or similar from the learner’s workplace/organisation · Implementation and Monitoring Report template, or similar from the learner’s workplace/organisation · Business Review Report template, or similar from the learner’s workplace/organisation · People, including: · At least two relevant stakeholders · whom the learner will consult to develop performance objectives and measures, and identify resource requirements for the business plan · with whom the learner can communicate the business plan, and confirm availability of human resource requirements for implementation of the business plan Relevant stakeholders consulted for Workplace Project Task 2.2 and Workplace Project Task 2.4 can be the same stakeholders so long as they can assist with the information required by the learner for each of the above outlined tasks. · At least one supervisor/manager, preferably part of the senior management, who will be involved in the following: · to sign-off on the Implementation and Monitoring Report to confirm that the business plan was implemented by you · to whom the learner can communicate the Implementation and Monitoring Report · to whom the learner can communicate the Business Review Report · At least two underperforming staff for whom the learner can conduct a group coaching session They will be identified after the implementation of the business plan. · Opportunity to: · Consult and communicate with at least two relevant stakeholders to: · develop and finalise performance objectives and measures for the business plan · identify resource requirements for the business plan · confirm availability of human resource requirements for implementation of the business plan · Conduct a group coaching session on business performance with at least two underperforming staff · Task 2 – Practical Assessment– Bounce Fitness Task two is a practical assessment and this assessment will be due at the end of last week of the unit delivery. This task will require learners to access the series of document at the following link, Case study Document Access Practical Assessment IMPORTANT!
Answered 1 days AfterJul 28, 2022

Answer To: BSBOPS601 - Develop and implement business plans Assessment BSBOPS601 - Develop and implement...

Banasree answered on Jul 29 2022
91 Votes
Develop and implement business plan 2
Task 2.1: Prepare Business Assessment Report
· Vision statement – Company is committed to expand their role by improving better work culture and aligning proper resources.
· Mission statement – The organization is committed for their best quality of service by providing uniquely designed fitness programme, services and confident version of them.
· Goals – To rule the fitness industry by providing best quality of services and community programme.
· Business objectives –
· Increase sales by 10-15% in year.
· Increase target market every year.
· Continue the leadin
g long-term health and wellness portfolio.
· Business values - Organization believes in ethical principles, creative services plan and better collaboration between employee and member.
Pre-existing plans of the organization:
o    Strategic plan - SWOT Analysis - Strength, Weak, Opportunity and Threats.
o    At least one business plan - Under competitive analysis, research found that the community fitness programme, better quality, unique design “CrossFit”, inspired and dedicated employees are the strength of the fitness centre. Analysed environmental factors.
o    At least one operational plan – Under fitness marketing campaign, research data mentioned company needs to improve their sales, product and services.
Identify at least two legislations applicable to the organisation that are relevant to type of business activities, industry sector of the business and location of business operations (state/territory).
1. Copyright Regulations 2017 Australian Government
2. Trade Marks Regulations 1995 Australian Government
Identify all permits and licenses that may be required for new activity and the specific location where each permit and licence is required.
1. Australian Privacy Principles
2. Fitness Centre and Instructor Music Licence
3. New South Wales Coronavirus (COVID-19) Business Restrictions and Requirements
4. Australian Consumer Law (ACL)
5. Getting Started in Business
6. Register a Trade Mark
7. Regulated Water System Registration - Council of the City of Sydney
Review market requirements for the organisation’s products and services relevant to the business plan to be developed
1. Company must provide updated data to its client and the public for all the time.
2. Provided information must be accurate and authenticated to its client therefore those data can help them to make right decision.
3. All market product, services have to be ethical, creative and competitive.
4. Data in regards to the client and stakeholder should be easily accessible to the media.
Research and analyse the marketing approaches of the organisation relevant to the business plan to be develop – Company’s aim is to create a fitness awareness, improve customer database and build customer loyalty programme. Therefore, it could be done three ways,
1. Print and distribution of pamphlets. Pamphlet has to be short, clear objective, with promotional detail and guideline. In a word what company wants tell it customer or the targeted market that should reflect clear and resourcefully.
2. Presentation of HR (Human resource) department. This presentation will help company to focus any specific concern in personal level.
3. Advertisement on popular business magazine.
Research and analyse at least two competitors of your organisation, and compare them to your organisation.
1. Snap Fitness – They are website design are too good, more informative and customer oriented. Company is offering 24/7 access, which is a quite organized marketing strategy. Price offer is also well defined and competitive. Promotion for target market is well researched too.
2. Crunch Fitness – Company’s target market age group and the activity programmes are designed accordingly. It’s a umbrella solution for the customer with advanced equipment and personally focused fitness trainer. Attract more people they had planned for fitness battle too. Price package has a many categories customer can chose it and modify it as per their choice.
Research and analyse management arrangements required for the business plan you will develop.
1. Stakeholder – This part must consider the legal structure of the business. As it is partnership or corporation firm so percentage of the partnership should be clear and their responsibilities too.
2. Internal Management – This part deals with sales, marketing, admin and production. All team member should aware of the business strategy and plan.
3. External Management – This part concerns with advisory board, professional service like accountant, bankers, lawyers, IT consultant, business consultant or coaches.
4. Human Resource – This section is for the data like how many employees, calculate labour cost, worker compensation, company sponsored medical plan etc.
Based on the above steps, identify and assess the business requirements for developing a business plan.
It is necessary to target the problems, get better approach for business plan, organized resources, improve better approach to its investor and create a milestone. Company needs to understand their competitor and monitor them closely. To improve better relationship with their customer. Business plan feasibility needs to assess for better venture. To develop and improve financial needs like revenue, cash flow etc. Reduce the risk, by mitigation, avoid and residue risk plan.
Identify and assess at least two business plan objectives and at least two financial targets for the business plan to be developed
Theory of change – Identify the long-term goal. Define the change whether it may forward or backward. Identify of obstruct process for product quality standard. Indicate the basic assumption which needs planning. Plan for the resources, how to allocated them, how to utilized then on timely. Always set an indicator to analyze the performance. Explain everything in detail with definite logic.
SMART analysis - Specific - It has to be simple, rational and meaningful. Measurable – Plan should be significant, appealing. Achievable - things must in agreeable terms and realistic. Relevant – It should sound resourceful and result oriented. Time – Plan must define the task time base, cost wise, and sensitive manner.
Task 2.2: Develop Performance Objectives and Measures with Stakeholders
Identify at least two relevant stakeholders and fix a convenient time for meeting the stakeholders.
1. Local Community- Company’s air to create a better community by health and fitness. Local community is the circle who play a major role in business plan. The ethics of the community is a golden asset for the company. Business activity must cherish and nurture it carefully....
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