Answer all the questions below: 

Question 1

Outline the organisational and legislative framework for the development of a business plan for a generic company.

Address the following:

Why would you consider pre-existing strategic, business and operational plans?

What inputs would you gather from them? Identify 4-5 in your discussion.

What inputs do business vision, mission, values, and objectives provide?

Identify 4-5 in your discussion.

Why would you check permits or licences that may be required for business activities?

Provide a practical example from a business you are familiar with in your discussion.

Question 2

Outline the process of developing a business plan for a generic organisation and monitoring the implementation of the business plan.

Question 3

Think about a business that you are familiar with. Assume that you are developing a business plan for this business.

Address the following:

• Outline four (4) customer needs and three (3) budgetary considerations/information when developing the business plan.

• Identify four (4) SMART objectives for the business plan, including two (2) KPIs for each objective.

• Determine three (3) stakeholders (individuals or groups) that you would involve in developing the business plan. Explain why you chose those stakeholders.