Extensions are permitted in consultation with the trainer. Performance objective To demonstrate the skills and knowledge required to develop and communicate a business plan. Assessment description Use the information provided in the case study ‘Fast Track Couriers’ (see Appendix 1) to develop a business plan to support the company’s strategic and operational goals. Develop a plan for communicating the business plan to relevant parties. Procedure 1. Review the information in the case study.
Businesses require a tool to measure the execution of objectives. As far as the goals of objectives they are supposed to align with a stated vision and mission. Effective objectives ensure that daily activities align with the big picture or if there will be a need to adjust redirect focus. A balanced scorecard is a tool, generated by Robert S. Kaplan and David P. Norton. Authors Pearce and Robinson (2009) suggest, a balanced scorecard “Is a set of measures that are directly linked to the company’s strategy,” “Directs a company to link its own long-term strategy with tangible goals and actions,” and “Provides a framework to translate a strategy into operational terms” (p. 202).
Identify types of disruptive events. Outline the contents of a business impact analysis (BIA). Discuss recovery strategies and the importance of crisis management. Explain backup and recovery techniques including shared-site and alternate site agreements. Introduction Upon reading this chapter, you may feel like you are preparing for a project management role rather than an information security role, but you’ll soon see that the interests of those who manage the business and those who safeguard it are intertwined.
We tried to understand its role and impact in the operation of a business. Product design is the process of deciding on the characteristics and features of the company’s product. At the same time it classifies the company’s image, status, competitiveness and its buyers. It’s like product design sets the standards of the business capacity to sell its product. Product design is said to be a bit procedural because before you came up with it you must consider some steps.
A business venture’s success is determined by the planning put into the process; a balanced execution of the process; the smooth running of the process and the financial prospect or accruement of the venture. In short, a feasibility study is the definition of a problem or opportunity to be studied. It starts with an idea that must take into consideration the pros and cons of the project with plans on how to circumvent the cons as much as possible. A good feasibility study will have the following components: 1. Scope or Description of the Business which looks at the product or services to be offered and how they will be delivered 2.
To: Pierina Bower Unit 18: M2 From: Scott Rouse-Day Date: 27/05/14 In this particular task, I shall be analysing the arrangements made by an event organizer to plan a business event. In this task I am going to be analysing the arrangements made by an event organizer to plan a business. I am going to do this by identifying separate factors, saying how they are related and how each one contributes to the topic. In order to do so, I am going to use the cyclical process of management to aid my analysis. The cyclical process of management is basically the process an event organizer goes through to plan a business event.
Unit three: Principles of managing information and producing documents Section 1 – Understand the purpose of information technology in a business environment 1. In relation to your current business environment (or one that you are familiar with), identify at least two different types of information technology that may be used when completing work tasks. Word processing Spreadsheets 2. What are the benefits to businesses (and others) of using information technology for doing work tasks? Speed Flexibility Quality New possibilities Efficiency Ref: IT for Business Success http://smallbusiness.chron.com/information-technology-business-success-4019.html Section 2 – Understand how to manage electronic and paper-based information 1.
Business Plan A well documented business plan can provide tremendous value to the organization by detailing the business goals for your intended audience. By definition a business plan is “a plan for the business, clarifying why it exists, who it exists for, what products and services it provides these client groups, how it intends to develop and deliver these products and services, and where it is headed” (Business Plan, n.d.). Business plans are used to start new businesses and to grow existing businesses. They can be geared towards internal audiences (staff) and external audiences (investors, suppliers, lenders, and so on). They provide a rationale for the business, its service(s) or product(s).
4. PROMOTION & STRATEGY 4.1 Management Strategy Strategic management is the art and science of formulating, implementing and evaluating cross-functional decisions that will enable an organization to achieve its objectives. It is the process of specifying the organization's objectives, developing policies and plans to achieve these objectives, and allocating resources to implement the policies and plans to achieve the organization's objectives. Strategic management, therefore, combines the activities of the various functional areas of a business to achieve organizational objectives. Strategic management provides overall direction to the enterprise and is closely related to the field of Organization Studies.
First, the management of the subsidiaries often complains that the plan does not reflect properly the operating conditions under which the subsidiary operates. The plan sometimes calls for operations or distribution plans that are impossible to accomplish. And secondly, corporate management is concerned that the plan does not optimize for the total company. The technique of linear programming seems a possible approach to aid in the annual planning process that will be able to answer at least in part, the two objections above. In addition the building of such a model will make it possible to make changes in plans quickly when the need arises.