This assignment is also related to the previous assignment which i did with you. Please go through each task and the requirements for each task by referring to the marking scheme. This assessment is based on ACA Restaurant Cafe Business Summary which i have attached as a supporting document. Complete the task 1 explaining each point referring to the business summary of the ACA Restaurant Cafe.In order to complete task 2 i have attached lecture recordings of tutor explaining each task for you to have a better understanding. In task 2.1 only answer the bullet points which are not highlighted as the other bullet points will already be explained in task 1 business description, Please contact me for further clarificationsRefer to the lecture recordings and go through the business summary document to complete the assessment.Leture recording 1 ( task 1 explanation) Drag to 1:17.00 of the video
https://zoom.us/rec/play/tMIkcuj6_zI3T9PGsASDUPMoW9S0e_qs1CQf_vQInRzgBSMAO1avZrFBN-uOWMvQx6xLy1Mo3pCLoV5Q?continueMode=true&_x_zm_rtaid=iAtfeu1BR1CbYSASpWqv-g.1597555213121.15b81357f05d9c7eb6460ac7c25ae4a1&_x_zm_rhtaid=339Password -KJ&d+L2^
Lecture recording 2 explanation of task 2 ( watch from the 3rd recording)
https://zoom.us/rec/play/vZV5dur5p2g3E9yUsQSDAfVwW426fKys1SVMr6Fbyk_mAHgKM1OvbuQRZ7D1tuJzjiEdcZl6tbmbQgwr?_x_zm_rhtaid=339&_x_zm_rtaid=iAtfeu1BR1CbYSASpWqv-g.1597555213121.15b81357f05d9c7eb6460ac7c25ae4a1&autoplay=true&continueMode=true&startTime=1596672481000Password -!9&vak1U
Details of Assessment Term and Year Time allowed Assessment No 1 Assessment Weighting 60% Assessment Type Written Report Due Date Week 5 Room Details of Subject Qualification SIT60316 Advanced Diploma of Hospitality Management Subject Name Business Plan Details of Unit(s) of competency Unit Code (s) and Names BSBMGT617 - Develop and implement a business plan Details of Student Student Name College Student ID Student Declaration: I declare that the work submitted is my own and has not been copied or plagiarised from any person or source. I acknowledge that I understand the requirements to complete the assessment tasks. I am also aware of my right to appeal. The feedback session schedule and reassessment procedure were explained to me. Student’s Signature: ____________________ Date: _____/_____/_________ Details of Assessor Assessor’s Name Assessment Outcome Assessment Result |_| Competent |_| Not Yet Competent Marks /60 Feedback to Student Progressive feedback to students, identifying gaps in competency and comments on positive improvements: __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student. |_| Student attended the feedback session. |_| Student did not attend the feedback session. Assessor’s Signature: ___________________ Date: _____/_____/________ Purpose of the Assessment The purpose of this assessment is to assess the student in the following learning outcomes: Competent (C) Not Yet Competent (NC) BSBMGT617 - Develop and implement a business plan 1.1 Review and evaluate pre-existing strategic, business and operational plan, if available 1.2 Analyse and interpret business vision, mission, values and objectives 1.3 Consult with key stakeholders 1.4 Review market requirements for the product or service, profile customer needs and research pricing options 1.5 Develop performance objectives and measures through consultation with key stakeholders 1.6 Identify financial, human and physical resource requirements for the business 1.7 Consider any permits or licences that may be required for new activity 2.1 Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes 2.2 Ensure skilled labour is available to implement plan 2.3 Test performance measurement systems and refine, if necessary 2.4 Ensure timely reports on all key aspects of the business are available, user-friendly and balanced in terms of financial and non-financial performance 2.5 Report system failures, product failures and variances to the business plan as they occur 3.1 Analyse performance reports against planned objectives 3.2 Review performance indicators and refine if necessary 3.3 Ensure groups and individuals contributing to under-performance are coached, and provide training where appropriate 3.4 Review system processes and work methods regularly as part of continuous improvement Assessment / evidence gathering conditions Each assessment component is recorded as either Competent (C) or Not Yet Competent (NYC). A student can only achieve competence when all assessment components listed under “Purpose of the assessment” section are recorded as competent. Your trainer will give you feedback after the completion of each assessment. A student who is assessed as NYC (Not Yet Competent) is eligible for re-assessment. Resources required for this Assessment · Upon completion, submit the assessment printed copy to your trainer along with assessment coversheet · All documents must be created in Microsoft Word, MS Excel or PowerPoints · Upon completion, submit the assessment printed copy to your trainer along with assessment coversheets · Refer to the notes on eLearning to answer the task/s · Any additional material will be provided by your Trainer · Computer with relevant software applications and access to internet Instructions for Students Please read the following instructions carefully · This assessment has to be completed |X| In class |X| At home · This assessment is to be completed according to the instructions given by your assessor. · Students are allowed to take this assessment home. · Feedback on each task will be provided to enable you to determine how your work could be improved. You will be provided with feedback on your work within 2 weeks of the assessment due date. All other feedbacks will be provided by the end of the term. · Should you not answer the questions correctly, you will be given feedback on the results and your gaps in knowledge. You will be given another opportunity to demonstrate your knowledge and skills to be deemed Competent for this unit of competency. · If you are not sure about any aspects of this assessment, please ask for clarification from your assessor · Please refer to the College re-assessment and re-sit policy for more information. T-1.8.1 HM_Business Plan Assessment I_v2.1 Page 1 of 8 Last Updated 27/03/2020 GENERAL INSTRUCTIONS During the next nine (9) weeks each student will be required to develop an abbreviated business plan for the development and opening of a new branch of ACA Restaurant Cafe’. The 2 assessments in this subject are all based on ACA Restaurant Cafe’ Business Plan which can be found in E-Learning. For completion of the two (2) assessments each student must choose a new branch option either: A new suburban branch in a capital city Examples: Chatswood, Blacktown in Sydney St Kilda in Melbourne Kent Town in Adelaide High Gate in Perth or A new regional branch in a town with at least 15,000 population Ie: Dubbo NSW Albany WA Mackay Qld The business plan must include the information, activities, development and implementation strategies necessary to open a new branch of ACA Restaurant Cafe’. Students must respond to all the tasks by demonstrating their skills and knowledge within the assessment guidelines and requirements. In some tasks, there are templates and tables, which they will have to complete and submit in the appendix in order to ensure you demonstrate the skills and knowledge of the units. To be deemed competent in this assessment each student must demonstrate through written reports and templates, the knowledge and understanding of current business practices within the hospitality and tourism industry. TABLE OF CONTENT CONTENT PAGES Mark Marks Achieved Task 1 (Total of 25 marks) Task 1.1 General Business Description 7 Task 1.2 Location Choice for the Business 3 Task 1.3 SWOT report 6 Task 1.4 Target Market selection 5 Task 1.5 Legal Requirements/Considerations 4 Task 2 (Total of 35 marks) Task 2.1 Production Plan 16 Task 2.2 Purchasing Plan 4 Task 2.3 Human Resources Plan 3 Task 2.4 Marketing Plan 7 Task 2.5 Distribution Plan 1 Task 2.6 Pricing Strategy 1 Task 2.7 Communications 3 Total 60 The learner is required to update and adjust the page numbers and topics based on the amount of their content and the responses made to each task. ORGANISATIONAL CONTEXT AND BACKGROUND INFORMATION You are to be the new manager hired by the Business Owners, Rufus Supreme and Emma Clarendon at ACA Restaurant Cafe’. ACA Restaurant Cafe’ has been running since 2014 and the current CBD ACA Restaurant Cafe’ Business Plan is attached in elearning for your reference. Sections of the ACA Restaurant Cafe’ Business Plan are used throughout this assessment and you may refer to other details in it for your task completion. A detailed review of the ACA Restaurant Cafe’ Business Plan prior to commencement is required. The owners have asked for you to complete the following tasks, using the background knowledge of the ACA Restaurant Cafe’ Business Plan and new information you will research and apply. Written report on Company Description, Location, SWOT, Target Market and Legal Requirements/Considerations Task 1- Establishing the Framework (Total of 25 Marks) Task 1.1 – Business Description, Target Markets and Legal Requirements A business plan can be described as the picture of your business, which reflects present and future ventures. It is presented in a well-researched and concise form of document in front of the business’s stake holders, investors and financial investors, which lets them understand how and what is your business doing or planning to do. A business plan helps entrepreneurs in many ways: · It makes the job easy for owners to attract new investors in order to raise capital · It helps in hiring services of key professionals or consultants · It increases chances for success of new business or expansion in current operations of limited use if you cannot show how it affected sales or met the used A business plan should include information on: · Executive Summary · Mission Statement · The Business Description · The Market · Target Segments · The Product Offerings · Competitive Analysis and a SWOT Analysis · Operations / Production Layout · Resource Requirements · Legal Considerations/Requirements · Key Personnel and an HR Outline · Cost and Financial Analysis · Marketing Strategy · Key Issues Requirements: This report assessment covers 5 topics. Each topic should be covered separately and completely. The report should be based on your individual branch and be specific to that branch location. The report should be a minimum of 6 pages of font 10 single spaced. Students need to determine the requirements of reports and determine categories and logical sequences of data, information and knowledge to achieve document objectives. The student should use relevant material from the weekly topics as well as other resources such as E-learning articles, ACA Restaurant Cafe’ Business Plan and internet searches to support your ideas. Students will need to ensure that the following information is detailed, and all criteria are covered in their report: TASKS 1.1. A General Business Description · Analyse and interpret business vision, mission, values and objectives, found in ACA Restaurant Cafe’ Business Plan · Develop performance objectives and measures through consultation with key stakeholders – List these and describe the relationship requirements ·