Activity 1A Identify a product or service related to a current…

QuestionAnswered step-by-stepActivity 1A Identify a product or service related to a current…  Activity 1A Identify a product or service related to a current industry, or an industry you are planning to work in. Make notes and attach it here.      Identify any frameworks that are relevant to developing a business plan for the product or service you have identified. Make sure you research: Organisational frameworksLegislative frameworks. Print off or make notes of any information you gather and attach this to your workbook as evidence of completion.       Activity 1B This activity followson from Activity1A.For this activity, you must submit a onepage review of the market requirements for the organisation, or prospective organisation’s, products and services. Make sure that you review: Any competitor changesMarket researchPricing structuresMarketing approaches. Attach your reviewhere.      Refer to Case Study A – SWOTAnalysis Using the template in the Case Study, conduct a SWOT analysis on the organisation or prospective organisation identified in Activity1A. Attach your completedanalysis to your workbook.      Activity 1C  This is a roleplayactivity. You will be the manager, and a small group of peers will play the roles of the key stakeholders. Hold a group discussion of around 10-15 minutes to gather information from the stakeholders on the business requirements and objectives. Make sure that you gatherinformation on: Operational requirementsTechnicalrequirementsObjectives. Make notes and attach it here.    Following on from Question1, identify and assess any established plans that are relevant to the business. Make notes and attach it here.  Activity 1D This is a roleplay activitywhere you are the manager,and a small group of peers will play the role of relevant stakeholders. Carry out a 15-20 minute discussion with the stakeholders to develop performance objectives and measures for the business plan. Within this activity,you must: Decide what to measureSet measures using the SMARTprinciplesUse listening and questioning to gather views. You must take notes and attach it here.   Activity 1E Continuing from the previous activities, make a list of the resources that you willrequire for the business product or service. This includes: Financial resourcesPhysical resourcesHuman resources. Attach your completedlists here:  Activity 1F   Using the information you have gathered in the previous activities, subimit your business plan. Make sure thatyou include: A title pageSummary of the businessBusiness descriptionMarket researchOperating strategyMarketing planFinancial information. Attach your completed plan here:    Activity 2BThis activity will not require observation. Continuing from previous activities, submit a onepage staffing plan to check thatskilled labour is available to implement thebusiness plan. Within the plan,make sure thatyou: Determine currentstaffing levelsIdentify the skills and experience requiredConfirm skilledlabour is available. Attach your completed plan here:   Activity 2C For this activity,you will need to test the performance measurement systems you developed in previous activities using the Plan-Do-Check-Act cycle. Make sure that you: Run the Plan-Do-Check-Act cycleReview the performanceTake action if required. Make notes of the process and attach them here as evidence of completion.   Activity 2DThis activity does not require observation. Identify and list two key areas of the business providing the product/service youhave explored in previous activities. For the two areas you identified in Question 1, submit a onepage report for eachon the current performance. Make sure your report includes: Contents pageExecutive summaryMain bodyFindings/recommendations. Attach your reportshere.   Activity 2E Continuing from previous activities, explain thesteps you wouldtake to reportany failures in thebusiness as they occur. Make sure thatyou include:System failuresProduct and service failuresVariances to the business plan.    Activity 3A You will need to refer back to the reports on key areas of the business that you wrote in Activity 2D. Submit a report on how the current performance compares with the planned objectives. Within the report,make sure you: Determine whetherperformance is meetingobjectivesIdentify the cause of any issuesDetermine what action to take. Attach your reporthere.   Activity 3BThis activity doesnot require observation. Following on from the analysis you undertook in Activity 3A, review the performance indicators from Activity 1D and 2C and amend them where required. Writea short summary to include: The reasonfor any amendmentsDetails of any amendments. Submit your answer here.   Activity 3C This activity will require observation. Your assessor has a list of criteriato base yourassessment on. Refer to Case Study B – Coaching This is a roleplay activity where you are the manager, and you should work with a peer who will play the role of an underperforming team member. Identify the underperforming team member from the Case Study, and discuss developing an informal coachingplan to help improve their performance. You must discuss and include in the plan: The goal to be achievedThe reality so farThe optionsThe way forward. Attach the plan here.   Activity 3D Question 2 of this activitywill require observation. Your assessor has a list of criteria to base your assessment on. Continuing from previous activities, identify the review processes that you willuse to monitor performance. Make a note of the type of processes you have chosen.   This is a roleplayactivity. You will play the role of a manager, and a small groupof your peers will play the role of team members. Lead a 5-10 minute meeting with your team members, and explain the review processes that you identified in Question 1. You must: Explain what the process entailsInform them of the frequencyAnswer any questions.      Case StudiesCase Study A- SWOT analysis Strengths Weaknesses   Opportunities Threats         Case Study B – CoachingA team member, Sam, has not been reaching their targets, and the quality of their work has declined. When questioned, they admit that they are finding the work too difficult and cannot seem to get the process right. They have tried to ask other team members for help, but they are too busy with their own work. The team member wants to meet their goals and produce quality work, but they do not know how. A team member, Steven, has been managing his workload but is finding it quite difficult to keep up. He has asked for support to ensure that his targets continue to be met, and to see if there is anythinghe can do to speed up his responsetimes.    BusinessManagementProject ManagementBUSINESS BSBOPS601Share Question