Course Title: Develop and implement a business plan
Part B: Course Detail
Teaching Period: Term2 2014
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
Marina Cook
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 |
Performance Criteria: |
1.1. Review and evaluate pre-existing strategic, business and operational plan, if available |
Element: |
3. Respond to performance data |
Performance Criteria: |
3.1. Analyse performance reports against planned objectives |
Element: |
2. Monitor performance |
Performance Criteria: |
2.1. Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes |
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
In class discussion and debate, research case study activities and relevant work related assessments
Teaching Schedule
| Week | Date | Topic |
| 1 | 7 July | Course Induction • Course overview • Overview of weekly learning • Reading material and assessment timings Student engagement activity |
| 2 | 14 July | Introduction to business plans |
| 3 | 21 July | About business plans |
| 4 | 28 July | Industry Analysis |
| 5 | 4 Aug | Market Analysis |
| 6 | 11 Aug | Competative Analysis |
| 7 | 18 Aug | Marketing Plan |
| 8 | 25 Aug | Assessment Work |
|
Sept 1-7 mid Semester Break
|
||
| 9 | 8 Sept | Purchasing and Production Plan |
| 10 | 15 Sept | Management Plan (Personal Plan) |
| 11 | 22 Sept | The Financial Plan |
| 12 | 29 Sept | Implement, Monitor and Measure Performance |
| 13 | 6 Oct | Information on presentations |
| 14 | 13 Oct | Assessment Work |
| 15 | 20 Oct | Presentations |
| 16 | 27 Oct | Resubmissions |
Learning Resources
Prescribed Texts
No formal texbook is required. Texts will be provided by RMIT |
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
This course has 3 assessment tasks. You are required to successfully complete all assessment tasks to be deemed competent in this unit.
You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.
Assessment Task 1 – Business Plan draft
Date handed out: Week 3
Date and time due: Week 8
Individual
Purpose:
This assignment will allow students to prepare a business plan for a real world client.
Requirements:
Students are to assume the role of management consultant to a business of their choice or assume the role of a potential business owner for this semester (must have access to a person in the business to gain necessary information). They are required have been engaged by this organisation to identify business and marketing opportunities and prepare comprehensive business plans and tactics to address the problem identified.
Assessment Task 2 - Business Plan Final Report
Date handed out: Week 3
Date and time due: Week 14
Individual
Purpose:
This assignment will allow students to prepare a business plan for a real world client.
Requirements:To be deemed competent in this task, students must prepare a comprehensive business plan. This assessment task also incorporates an engaging presentation of the key findings and recommendations which will be held in week 15.
Assessment task 3 – Portfolio of Evidence
Date handed out: Week 3
Date and time due: Week 12
Individual
Purpose: These activities will simulate real workplace business planning scenarios.
Requirements: During class time students will be expected to participate in a range of activities, during class time. Students will be required to submit all the activities in Week 12 .
Assessment Matrix
Marking Guide (competency):
Vocational Education and Training (VET) is based on current industry needs and the focus on preparing you for the workplace. Because VET courses are informed by practical application of knowledge and skills, they are based on a system known as ‘competency based training’ (CBT). So when you are assessed in VET it is about whether you are competent to do the job, as well as having a firm grasp on the knowledge and skills required to do that job, as opposed to traditional curriculum based education settings that are often based on knowledge retention.
You need to demonstrate you are competent in each element of the unit of competency you are studying.
You will receive feedback on each assessment task that will inform you whether you are competent or not and how well you are performing. Once competent in all elements of the unit you receive a competency grading.
Marking Guide (Grading)
After achieving competency we then grade your performance in the unit; this gives you the opportunity to have the level of your performance formally recognized against industry standards and employability skills.
You will be provided with an assessment matrix in the assessments area of the unit blackboard shell. Generally, your grading will be assessed against how well you demonstrate:
• Perform the activities as required by the learning elements of this unit of competency.
• Demonstrate the required knowledge for this unit of competency.
• Execute the required skills for this unit of competency.
• Demonstrate your employability skills through contribution to learning activities related to this assessment, timeliness, use of technology and teamwork.
Final Grades table:
DNS - Did not submit for assessment
NYC - Not yet competent
CAG - Competency achieved – graded
CC - Competent with credit
CDI - Competent with distinction
CHD - Competent with high distinction
Other Information
Submission requirements:
You are required to meet the following criteria for all assessments. Failure to do so may result in you being deemed not-yet-competent:
• Submit all assessment tasks online through blackboard, and include the RMIT e-submission declaration (see below).
• Ensure that you submit assessments on or before the due date.
• Retain a copy of your assessment tasks.
Electronic Submission
When submitting work online, you need to include the cover sheet supplied by your teacher. This includes the following declaration:
RMIT Electronic Submission of work for assessment
I declare that in submitting all work for this assessment I have read, understood and agree to the content and expectations of the assessment declaration.
(URL: http://www.rmit.edu.au/students/assessment/declaration)
Resubmissions:
If you are found to be Not Yet Competent (NYC) in an Assessment Task you will be allowed one resubmission to demonstrate competence. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.
Late Submissions
Students are required to submit assessment items and/or ensure performance based assessment is completed by the due dates. If a student is to be prevented from submitting an assessment item on time, by circumstances outside their control, they may apply in advance to the teacher for an extension to the due date of up to seven calendar days. To be eligible for an extension, you must lodge the extension form availabile at the following link with your teacher: http://www.rmit.edu.au/students/assessment/extension
Where an extension of greater than seven days is needed, the student must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination. More information on special consideration and how to apply can be found here: http://www.rmit.edu.au/students/specialconsideration
Final Date for All Assessments
No assessment tasks or resubmissions will be accepted after 5pm Friday, week 16.
Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment. Information on circumstances under which the assessment arrangements might be granted can be found at the following website: http://www.rmit.edu.au/students/assessment/adjustment
Course Overview: Access Course Overview