1. Identify a product or service for your business plan. 2….

Question Answered step-by-step 1. Identify a product or service for your business plan. 2…. 1. Identify a product or service for your business plan.  2. Following on from Question 1, undertake research for the business plan:         Any relevant organizational or legislative frameworks         Business vision, mission, and values         Business requirements         Market requirements         Competitor information         Pricing information. 3. Undertake a SWOT analysis using the template provided.         Strengths of the business         Weaknesses of the business         Opportunities for the business         Threats to the business. 4. Develop performance objectives and measures- Identify business requirements – Identify human, physical, and financial resource requirements- Encourage others to contribute. 5. Develop and write business plan. The plan must include:Description of the businessProducts and servicesFinancial, human, and physical resourcesRelevant legislationMarketingBudgets. 6. Present the business plan that you developed in Question 5 to the group. Within your presentation, you must:Explain the information in the business planAnswer any questionsConfirm that labor is available for implementation. 7. Start a small Plan-Do-Check-Act cycle and make any necessary changes. Document the process in a diary making sure you include:The steps that were takenThe outcome of the cycleAny changes that were made. 8. Identify two key aspects of the business and the performance report of one to two pages for each of them to determine current performance. The reports must include:An executive summaryMain bodyFindings. 9. Following on from Question 8, use the reports you developed and compare your findings on current performance with planned performance and determine what changes need to be madeIdentification of any variances between current performance and planned objectivesReporting of any system, product or service failuresA review of performance indicators and any refinements necessary.  Business Management Project Management ECN MANAGERIAL Share QuestionEmailCopy link Comments (0)