Course Title: Develop and implement a business plan

Part B: Course Detail

Teaching Period: Term2 2012

Course Code: BUSM6247C

Course Title: Develop and implement a business plan

School: 650T TAFE Business

Campus: City Campus

Program: C6092 - Advanced Diploma of Marketing

Course Contact : Tim Wallis

Course Contact Phone: +61 3 9925 5423

Course Contact Email:timothy.wallis@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None required

Course Description

This unit applies to individuals who are running an organisation or who take a senior role in determining the effective functioning and success of the organisation. As such, they may oversee the work of a number of teams and other managers.

Business plans are critical tools for business growth and development. They will vary depending on the needs of the organisation. This unit covers the typical elements of a business plan and the standard approaches to be used in implementing a business plan.
 


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBMGT617A Develop and implement a business plan

Element:

1.Develop 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
1.8. Write business plan
 

Performance Criteria:

 

1.1Review and evaluate pre-existing strategic, business and operational plan, if available
1.2Analyze and interpret business vision, mission, values and objectives
1.3Consult with key stakeholders
1.4Review market requirements for the product or service, profile customer needs and research pricing options
1.5Develop performance objectives and measures through consultation with key stakeholders
1.6Identify financial, human and physical resource requirements for the business
1.7Consider any permits or licenses that may be required for new activity
1.8Write business plan

 

Element:

(1) Develop a business plan (2) Monitor performance (3) Respond to performance data

 

Performance Criteria:

Refer below

Element:

2. Monitor performance

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
 

Performance Criteria:

2.1Communicate business plan to all relevant parties and ensure understanding of
performance requirements and timeframes
2.2Ensure skilled labor is available to implement plan
2.3Test 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

Element:

3.Respond to performance data

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
 

Performance Criteria:

3.1Analyze performance reports against planned objectives
3.2Review performance indicators and refine if necessary
3.3Ensure groups and individuals contributing to under-performance are coached, and
provide training where appropriate
3.4Review system processes and work methods regularly as part of continuous
improvement


Learning Outcomes


This unit describes the performance outcomes, skills and knowledge required to run a business operation and covers the steps required to develop and implement a business plan.


Details of Learning Activities

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A range of learning activities are planned for this course including self-paced and collaborative classroom based activities.The self-paced activities will be delivered through various technology platforms and include your contribution to tutorial activities and interactive sessions.

The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated/real workplace environment.We expect you to participate and contribute in all scheduled learning activities


Teaching Schedule

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The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete the course.  This may include not only scheduled classes but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities

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Teaching Schedule

The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete the course.  This may include not only scheduled classes but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities

 

 

Week

 

Week Commencing

Topics

Assessment

0

25<sup>th</sup> June

Individual engagement week

Student Activity – Understanding of Business Plans

 

1

2 Jul

(1) Course Induction

&middot;       Course delivery and assessment details

&middot;       Course support documents

&middot;       Online learning environment

&middot;       Grading

&middot;       Plagiarism

&middot;       Appeals

&middot;       Extensions

&middot;       Feedback

&middot;       Privacy

&middot;       Submission requirements

&middot;       Resubmission policy

&middot;       Where to get support

&middot;       Student responsibilities

(2) Pre-Training Review

&middot;       Includes skills analysis and Recognition of Prior Learning and Credit Transfers

 (3) Course Overview

 

2

9<sup> </sup>July

Introduction to business plan

 

 

3

16 July

Understanding the business#1

 

 

4

23 July

Understanding the business#2

 

 

5

30 July

Student study week

 

 

6

6 August

External micro-environmental analysis

 

 

Assessment Task 1a

Due week 6

(Assessed tutorial exercises)

You will receive the feedback in week 8.  If required, resubmission for this assessment is due by the end of week 9.

7

13 August

&middot; Business strategies for leaders and followers

&middot; Industry analysis , organization’s strategic capabilities

 

 

8

20 August

Functional/operational plans & strategies#1

 

 

27 August

Mid semester break (27 to 31 August)

 

 

9

3 September

Functional/operational plans & strategies#2

 

10

10 September

Logistics

 

11

17 September

Implementation

(Monitor and measure performance)

 

12

24 September

Student consultation session

(Individual groups)

Assessment Task 1b Due

(Student learning outcomes journal)

You will receive the feedback in week 13.  If required, resubmission for this assessment is due by the end of week 14

13

1 October

1. Final student consultation session

2. Major assignment due

NB: Due date – Week#13

 

Assessment Task 2 Due

(Major assignment)

14

8 October

Oral presentation preparation

(Student consultation session)

 

15

15 October

Oral presentation to client

 

 

16

22 October

Oral test/interview

 

Assessment Task 3

17

29 October

Re-submissions (if applicable)

 


Learning Resources

Prescribed Texts

To be advised


References


Other Resources


Overview of Assessment

Students must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.

Assessment will incorporate a variety of methods including assignments, journals, presentation and written or test. Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.


Assessment Tasks

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Students are required to complete3 tasks. You must successfully complete all 3 tasks to be deemed competent in this unit.

 

 

TASK 1a & 1b (Due Dates: Week 6 & 12 respectively)

These assessment tasks will require students to complete set tutorial activities/exercises to reflect on their learning on learned concepts/principles taught.

 

TASK 2 (Due Date: End of week 13)

The second assessment tasks will require students to work in designated groups on a major assignment. Students will present their findings in a professionally prescribed written document. Much of this work will be undertaken both outside of class time and in the “Practical Sessions”. Students are encouraged to use all the resources at their disposal to provide professionally reasoned solutions to the problems given

 

TASK 3 (Due Date: Week 16)

The third assessment tasks will require students to present themselves in a face-to-face test/interview to articulate their overall understanding of the course taught during the semester to be deemed competent.

Students are encouraged to use all the resources at their disposal to provide professionally reasoned solutions to the problems given


Assessment Matrix

Course Overview: Access Course Overview