BSBMGT617 Develop and Implement a Business PlanASSESSMENT COVER SHEET(Please ensure this cover sheet is completed and attached on top of each assessment)QUALIFICATION CODE AND TITLE: SIT60316...

please do detailed answers specially for task 02, you can refer my other subject answers done by the site if it helps (but please mentioned where you took it.)


BSBMGT617 Develop and Implement a Business Plan ASSESSMENT COVER SHEET (Please ensure this cover sheet is completed and attached on top of each assessment) QUALIFICATION CODE AND TITLE: SIT60316 Advanced Diploma of Hospitality Management UNIT CODE: BSBMGT617 TITLE: Develop and Implement a Business Plan___________ Student Number Student Name Assessor Name Assessment Name and Number Assessment Task Number and Name Assessment Due Date Submission Date Competency Date: RESULT ☐ SATISFACTORY ☐ UNSATISFACTORY FINAL OVERALL RESULT ☐ COMPETENT ☐ NOT YET COMPETENT STUDENT DECLARATION I declare that: · This assessment is my own work, based on my own study and research and no part of it has been copied from and other source except where due acknowledgement/reference has been made. · If this assessment was based on collaborative/teamwork, as authorized by the trainer, I have not submitted the same final version of any assessment material as another student. · I have not previously submitted this assessment or any part of this assessment for this or any other course/unit. · I have kept a copy of my assessment. · I give permission for my assessment to be reproduced, communicated, compared and archived for the purposes of detecting plagiarism. · I understand that plagiarism is the practice of taking someone else’s work or ideas and passing it off as one’s own work and that the attached assessment maybe checked for plagiarism. · I understand that collusion is presenting another person’s assessment as one’s own and/or providing your own work to another person to allow them to pass it off as their own. · Any assessment deemed unsatisfactory will require me to undergo reassessment which may be different to the one originally submitted. · I am aware that in the event that I disagree with the assessment outcome I have the right to appeal that result. I will follow the complaints and appeals process. · A late submission fee of $100 per assessment will apply if the assessment is submitted after the scheduled due date unless a formal extension has been granted by the Program Manager or Course Co-ordinator. Student Signature:Date: ASSESSMENT SUMMARY SHEET To be deemed competent students must have a satisfactory result recorded for each assessment activity. If a result is not satisfactory for any assessment task, the trainer/assessor will determine the training and assessment tasks to be completed. The student has been assessed as competent in the elements and performance criteria, performance evidence and knowledge evidence and in line with the assessment conditions. The students work submitted for this assessment is: ☐ Valid☐ Sufficient☐ Current☐ Authentic ASSESSMENT TASK 1 ☐ SATISFACTORY ☐ NOT SATISFACTORY ☐ NOT APPLICABLE ASSESSMENT TASK 2 ☐ SATISFACTORY ☐ NOT SATISFACTORY ☐ NOT APPLICABLE ASSESSMENT TASK 3 ☐ SATISFACTORY ☐ NOT SATISFACTORY ☐ NOT APPLICABLE Feedback to Student The student has been given feedback and informed of the assessment result and the reasons for the decision. Trainer/Assessor Signature Date Other Resubmission Date Is this assessment subject to an appeals process Yes No Outcome of appeal ASSESSMENT 1 Answer the following questions in brief. 1. Outline the processes for developing business plan. Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 2. Describe performance objectives and measures including key performance indicators. Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 3. Identify and list any five key stakeholders. Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: ASSESSMENT 2 The following task must be completed in a simulative environment where you need to conduct a roleplay following the guidelines given below. Also prepare a power point slide reflecting the key points discussed and demonstrated. 1. Analyze and research business vision, mission, values, objectives goals, competitors, financial targets, management arrangements, marketing approaches and strategic, business and operational plans. 2. Write a business plan which includes · a description of the business, · products and services, · financial estimates · physical and human resource requirements · permit and licence requirements · marketing activity · financial indicators · productivity and performance targets for key result areas 3. Implement a business plan including · ensuring skilled labour is available, and that training is provided where appropriate 4. Monitor and respond to business performance including evaluation of performance against key results indicators including: · profit and loss · community awareness or branding · environmental impact, governance · quality · sales · triple bottom line and the workforce 5. Consult, communicate with and report to key stakeholders including business partners, financiers, customers, staff and technical advisers. 6. Provide an analysis of the strengths and weaknesses of a business plan. ASSESSMENT 3 Answer the following questions in brief: 1. How is business, operational and strategic plan different? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 2. How do you define vision, mission, values and objectives? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 3. What are the types of stakeholders? Explain in brief. Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 4. Why is consultation with key stakeholders carried out? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 5. Why is understanding current and future customer needs important? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 6. What do you mean by KRA and KPI? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 7. What are the three major methods of consultation? How consultation might be helpful for an organization? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 8. Give some examples of financial, human and physical resources of an organization? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 9. How is permits different from licence? Give two examples of each. Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 10. What is a business plan? Write about the important evaluations to be made prior to developing a business plan. Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 11. What are the advantages of effective communication with stakeholders and engagement of all relevant stakeholders on the implementation of business plan? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 12. Mention about the methods of stakeholder communication. Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 13. What is meant by skilled labor? How can the requirements of skilled labor be fulfilled? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 14. What steps are included in developing performance measurement systems? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 15. What are the advantages of testing performance measurement system? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 16. Why is timely business report important to any business? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 17. Describe about system failure, product and service failure. Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 18. What is meant by variance? What are its type? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 19. Why do businesses report system, product and service failures? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 20. What are the main motives behind preparing business performance reports? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 21. Why current performance should be reviewed and analyzed? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY ☐ NOTES: 22. What factors lead to refinement in the KPIs? What steps are included in review and refinement process? Assessor Use Only: SATISFACTORY ☐ UNSATISFACTORY