Course Title: Undertake small business planning
Part B: Course Detail
Teaching Period: Term1 2019
Course Code: BUSM8839C
Course Title: Undertake small business planning
School: 320T Architecture & Urban Design
Campus: City Campus
Program: C5382 - Diploma of Product Design
Course Contact: Robin Blood
Course Contact Phone: +61 3 9925 4819
Course Contact Email: robin.blood@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Nominal Hours: 50
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
Course Description
This unit describes the performance outcomes, skills and knowledge required to research and develop an integrated business plan for achieving business goals and objectives. Specific legal requirements apply to the management of a small business.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBSMB404 Undertake small business planning |
Element: |
1. Identify elements of the business plan |
Performance Criteria: |
1.1 Identify purpose of the business plan 1.2 Identify and review essential components of the business plan 1.3 Identify and document business goals and objectives as a basis for measuring business performance |
Element: |
2. Develop a business plan |
Performance Criteria: |
2.1 Research resources, legal and compliance requirements, specifically in relation to work health and safety (WHS), in accordance with business goals and objectives 2.2 Research market needs, and market size and potential 2.3 Identify sources and costs of finance, from financial plan, to provide required liquidity and profitability for the business 2.4 Identify methods, from marketing strategies, to promote market exposure of the business 2.5 Identify methods or means of production or operation from production or operations plan to conform with business goals and objectives 2.6 Identify staffing requirements to effectively produce or deliver products and services 2.7 Identify, assess and prioritise internal and external risks 2.8 Identify specialist services and sources of advice, where required, and cost in accordance with available resources |
Element: |
3. Develop strategies for minimising risks |
Performance Criteria: |
3.1 Identify specific interests and objectives of relevant people and seek and confirm their support of planned business direction 3.2 Identify and develop risk management strategies according to business goals and objectives, and relevant legal requirements 3.3 Develop a contingency plan to address possible areas of non-conformance with the plan |
Learning Outcomes
On successful completion of this course, you will have developed and applied the skills and knowledge required to demonstrate your competency in the above elements.
Details of Learning Activities
For a detailed list of learning activities and class structures please refer to CANVAS site and this course.
Teaching Schedule
For a detailed list of learning activities and class structures please refer to CANVAS site and this course.
Learning Resources
Prescribed Texts
References
Other Resources
A list of all resources requirements can be found in your CANVAS shell.
Overview of Assessment
Evidence of the following is essential:
- development of a business plan which provides for finance, marketing and provision of products/services to facilitate the business goals and objectives
- identification of and planning for, OHS and duty of care responsibilities
- development of risk management strategies
- knowledge of relevant legislation.
The RMIT assessment charter summarises your responsibilities as a student as well as those of your teachers. http://mams.rmit.edu.au/kh6a3ly2wi2h1.pdf
Assessment Tasks
For a detailed list of learning activities and class structures please refer to CANVAS site and this course.
Assessment Matrix
For a detailed list of learning activities and class structures please refer to CANVAS site and this course.
Other Information
For all information please refer to CANVAS site and this course.
Course Overview: Access Course Overview