BSBMGT617A Develop And Implement A Business Plan Assessment Task 2

So far the company’s main focus has been on revenue growth rather than cost reduction but now customers have more options than ever before.

§ Non-food business: We now have a 6% market share. Our goal is to be

We have leveraged our experience with the highest need for our services into a new business model that will allow us to reach all of our customers much faster. That has necessitated an expansion in staff and the development of new job growth opportunities within our company.

The work you produce (evidence) will be assessed by your Assessor to make sure you’ve covered everything in sufficient detail. Your

We are making those changes to accelerate our growth and to strengthen the business for the long term by narrowing our focus and simplifying our operating model.”

The organization is growing very well and planning to open more convenience stores in the coming years.

other issues. Bring a copy of your assessed response, as well as any other work

| Initiative: Continue to increase in their market share expansion plans by growing revenues and profits compared to previous years. Budget: Moderate; BRF has been providing food materials to

As a dynamic, global-based company, we strive to create innovative services catering to our different ethnic groups, and continually exceed the expectations of our residents, families and employees. Our ultimate mission is to champion the quality of life for all seniors.

Revenues are projected to increase by 6% in year two, 5% in year three, and 4% in years four and five. (sec. 8.2) Barriers to this projected growth may include but are not limited to: cost mismanagement, failures in marketing strategy, and failure to meet sales projections. Collection of cash following sales is immediate. Credit receipts are typically collected in a weekly batch.

You may have four further opportunities to submit additional supporting evidence at the discretion of your assessor. Please discuss this with your assessor.

I then asked him: “From your experience what do successful companies have in common early on?” His response was very insightful. He began by saying that you need two things in the very beginning, you have to have a concept that makes sense, and it needs to be something that people want. After you have those two things he said to make a workable business plan. The next step after the business plan is to find a team of people that are capable of carrying out that plan. He went on to add that it is harder to find a good team than it is to find a good plan in early businesses. Lots of good plans out there, but not that many good teams. He then went on to emphasize how essential a good team is by stating: “Whenever you think of yourself as an

-They have a worldwide clientele base as they trade the world over through the use of sales agents

| The company objectives of quality training are: a) To provide complete financial projection of plan year b) To present a written document for the management of the development business and training c) The participants of this business plan includes the company owners and the representatives from the State Training Authority

To increase the market share and profitability by 20% (each), and hence enhance the accomplishment of the market leadership position in the industry.