Subject - Develop and implement a business plan

Question 1

What are three reasons why an organisation should review their strategic, business and operational plans?

Question 2

Why are Vision, Mission, Value Statements and Objectives so important in a business?

Question 4

What are three methods that could be used to consult with key stakeholders?

Question 5

What are two examples of key questions about your products or services?

Question 6

Why do you need to have a customer profile?

Question 7

Why are Demographics so important when compiling a customer profile?

Question 8

Why should you conduct Price testing?

Question 10

Why is strategic planning to identify resource requirements important?

Question 11

What role do Human Resources play in a business?

Question 12

Who, or what, would you need to check with when setting up an ABN or getting a TFN?

Question 13

What is the role of a Business Plan?

Question 14

What are four tips for writing your business plan?

Question 15

Why do you need to communicate a business plan?

Question 16

Why is having a skilled workforce essential?

Question 18

What do Lag and Lead indicators tell you about a business?

Question 19

Why should a business owner monitor financial performance indicators?

Question 22

How can a business manage poor performance in the workplace?

Question 23

What are the benefits of performance reviews?