3. What research should be conducted regarding pricing options before writing your business plan?Activity 2A To provide you with an opportunity to identify how to communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes. 1. Why should your marketing team conduct a media outlet analysis before sending out your business plan? 2. What steps should you work through to communicate your business plan? Activity 1F To provide you with an opportunity to consider any permits or licenses that may be required for new activity. 1. If the company you work for were to alter their address because of a change of location in the business plan, what steps would you need to take when updating ASIC? 2. Provide three examples of factors you should cover in your code of practice. Briefly describe your company's approach to the area. 2. Suggest three approaches to training which can be offered to groups or individuals contributing to under-performance. Activity 3C To provide you with an opportunity to identify how to review system processes and work methods regularly as part of continuous improvement. Outline how you would review system processes and/or work methods as part of continuous improvement in the workplace.Activity 1D To provide you with an opportunity to develop performance objectives and measures through consultation with key stakeholders. Refer to the business plans provided in Activity 1A. Discuss the changes required in employee performance to meet the needs of the business plan. Provide examples of performance objectives which could be issued to your employees. Activity SB To provide you with an opportunity to identify how to ensure groups and individuals contributing to under-performance are coached, and provide training where appropriate. 1. Outline one method of coaching groups or individuals who are contributing to under- performance. Activity 1E To provide you with an opportunity to identify financial, human and physical resource requirements for the business. 1. Identify three forms of existing finance funds in your organisation or one you are familiar with. Activity 16 To provide you with an opportunity to identify how to write business plan. 1. What are the components of a typical business plan? Briefly explain what should be included in each section. 2. Provide two examples of benefits that can arise from writing a business plan and researching your industry. \fActivity 13 To provide you with an opportunity to analyse and interpret business vision, mission, values and objectives. Use the K5 Accounting 8: Finance by Travis Green Business Plan provided in Activity 1A to answer the following questions. 1. Summarise the business vision and mission. Suggest one improvement which you think could be made. Activity 1A To provide you with an opportunity to review and evaluate pre-existing strategic, business and operational plan, if available. Review the Ks Accounting & Finance by Travis Green Business Plan and evaluate these plans, summarising: 3* Their purpose h 1* The essential components 1' The business goals and objectives. Activity 2C To provide you with an opportunity to identify how to ensure timely reports on all key aspects of the business are available, user-friendly and balanced in terms of financial and non-financial performance. Suggest one way to ensure that reports are: 3? Available 53' User-friendly F Balanced. Provide one example for each of the three points. 2. Provide two examples of factors that a human resources audit should assess. 3. Provide three examples of production facilities which should be considered when implementing a business plan.Activity 3A To provide you with an opportunity to identify how to analyse performance reports against planned objectives; and review performance indicators and refine if necessary. 1. What actions could you take to analyse the performance of an employee whose job role has changed within the period of their set performance objectives? 2. Outline three questions you should ask yourself to review performance indicators? 2. Identify three values. Do you think these are relevant to the business? 3. Identify three objectives. Do you think these are achievable for the organisation from the information you have? If not, why?Case Study A Reporting issues Jade works as a team leaderfor a marketing company; she runs a team of 10 individuals and is currently working on a business objective to reduce the cost of production in her department. The key method of achieving this goal is to reduce general expenses on materials, equipment and resources utilised. On weekly review, Jade identifies that material costs for the past week are above budget due to over expenditure. This has occurred due to a new project which is now underway. and a supplier refusing a negotiation on material costs. The materials have been received and used, so it is too late to return. Organisational reporting process: '> Make an informal note of issues as soon as they happen \"2 Discuss these with the relevant person{s) and determine corrective action \"r Document the issue in the business plan providing a full description as well as the intended steps towards rectification Activity 2D To provide you with an opportunity to identify how to report system failures, product failures and variances to the business plan as they occur. Refer to Case Study A Suggest the steps which Jade should take to report the outlined issue to the business plan, according to organisational procedures. Activity 2B To provide you with an opportunity to identify how to ensure skilled labour is available to implement plan; and test performance measurement systems and refine, if necessary. 1. Outline one way to ensure that you have the skilled labour available in your workplace to implement your business plan. 2. How can performance measurement systems be tested? Suggest one method.Activity 1C To provide you with an opportunity to identify how to consult with key stakeholders and review market requirements for the product or service, profile customer needs and research pricing options. 1. Suggest three ways in which you could consult with the key stakeholders of your organisation. 2. What is an external environmental factor? List two external factors and explain how they could impact on your business plan