This unit applies to small business owners and managers or senior managers within larger organisations. Business plans are varied in nature and may be for a new small business venture, an existing small business, a division or department of a large organisation or a new product development initiative.
This unit describes the performance outcomes, skills and knowledge required to develop and monitor a business plan that incorporates a range of subsidiary plans or strategies.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)
Prerequisites
Nil
Employability Skills
The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary of the qualification in which this unit is packaged will assist in identifying employability skills requirements.
Evidence Required
List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the following is essential:
ability to undertake detailed, thorough and appropriate analyses of both internal and external business environments to provide a sound basis for business planning
ability to develop and implement an integrated business plan implemented in a tourism or hospitality context
project or work activities conducted over an operationally realistic period of time to allow the candidate to develop and implement a business plan for a given product or service.
Context of and specific resources for assessment
Assessment must ensure:
involvement of a key stakeholder group, including customers for the product or service
access to a commercial or not-for-profit business environment in which the business plan may be implemented.
Methods of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
evaluation of a business plan prepared by the candidate to guide the management of a commercial or not-for-profit business activity, as well as evaluation of the resulting performance report also prepared by the candidate
case studies to develop specific business plans and strategies for selected business activities or projects
review of portfolios of evidence and third-party workplace reports of on-the-job performance by the candidate.
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended.
Assessing employability skills
Employability skills are integral to effective performance in the workplace and are broadly consistent across industry sectors. How these skills are applied varies between occupations and qualifications due to the different work functions and contexts.
Employability skills embedded in this unit should be assessed holistically with other relevant units that make up the skill set or qualification and in the context of the job role.
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here
Assessment task 1: [title] Due date:
(add new lines for each of the assessment tasks)
Assessment Tasks
Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
This section describes the essential skills and knowledge and their level, required for this unit.
The following skills must be assessed as part of this unit:
research, critical thinking and analytical skills to analyse broad range of issues that impact on business operations
planning and organisational skills to implement the business plan
strategic problem-solving skills to review and adjust plans and strategies in light of operational experience
communication and leadership skills to communicate and implement the business plan
literacy skills to interpret and develop a wide range of documents dealing with complex ideas and concepts
numeracy skills to develop budget and take a strategic approach to financial issues.
The following knowledge must be assessed as part of this unit:
detailed knowledge of business planning techniques and formats
legal, social, environmental and ethical obligations and compliance issues that affect the relevant industry context or organisation
detailed knowledge of relevant industry context, including current trends, structures and government policies.
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below.
Stakeholders may include:
customers
employees
government agencies
owners
suppliers
strategic alliance partners.
Resources and capabilities may include:
human resources
financial resources
equipment capacity
staff skill levels
hours of operation
communication capabilities
location and position.
Trends and developments may include:
economic
ecological or environmental
government activities
social and cultural
demographic
technological
industrial.
Areas of business operation that must be included in the business plan are:
operations
marketing
technology
human resources and labour requirements
management and organisational structure
financial plan and projections
quality management.
Legal, social, environmental and ethical obligations may include:
regulatory requirements, such as licensing
codes of practice
cultural expectations and influences
social responsibilities, such as protection of children and environmental issues.
Evaluation processes may include:
key performance indicators
gap analysis
customer feedback
compliance reports
employee feedback.
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.
Observation Checklist
Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice
Yes
No
Comments/feedback
Determine information requirements and undertake cost-effective research to deliver relevant information.
Consult with all internal and external stakeholders in the research process.
Use research to assist in the prediction of social, political, economic and technological developments.
Identify and seek assistance and advice from appropriate experts when necessary.
Review and analyse existing or potential internal resources and capabilities.
Document and analyse business opportunities and obstacles based on valid and reliable market information.
Review and analyse current and emerging trends and developments for their potential impact.
Identify existing and potential competitors and allies and document their strengths and weaknesses.
Explore the potential for joint ventures and strategic alliances.
Create or confirm organisation mission, vision and purpose as the starting point for the business plan in consultation with stakeholders.
Establish realistic, clearly stated and measurable objectives for the business.
Develop appropriate strategies and tactics to address objectives across all areas of business operation.
Identify and include opportunities for strategic business alliances.
Develop all aspects of the business plan to ensure the business meets relevant legal, social, environmental and ethical obligations.
Include appropriate action plans and evaluation processes, including key performance indicators.
Consult with appropriate staff, management and other stakeholders to encourage support for the planning process so that all perspectives are taken into account in development of business plan.
Communicate objectives and content of plans in a timely manner to facilitate a clear understanding of the plan, associated activities and individual responsibilities.
Use appropriate communication and leadership techniques to encourage a team commitment to the business plan.
Encourage staff to provide ongoing input into the business plan.
Implement and organise actions detailed in the plan in a cost-efficient manner and according to schedule and contingencies.
Review the business plan regularly and adjust in light of changing circumstances.
Monitor activities using evaluation methods detailed in business plan on an ongoing basis.
Identify and analyse successes and performance gaps in terms of cause and effect.
Implement agreed changes to plans promptly, ensuring timely communication of changes to all stakeholders.
Report business plan performance in a transparent manner to all stakeholders.
Forms
Assessment Cover Sheet
SITXMGT004A - Develop and implement a business plan
Assessment task 1: [title]
Student name:
Student ID:
I declare that the assessment tasks submitted for this unit are my own work.
Student signature:
Result: Competent Not yet competent
Feedback to student
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Assessment Record Sheet
SITXMGT004A - Develop and implement a business plan
Student name:
Student ID:
Assessment task 1: [title] Result: Competent Not yet competent
(add lines for each task)
Feedback to student:
Overall assessment result: Competent Not yet competent