Task 2 Assessment description This assessment is continuation of assessment task 1, in this task you

Task 2
Assessment description
This assessment is continuation of assessment task 1, in this task you are required to prepare and implement your business plan
Procedure
Your implementation will encompass running a meeting for your team in which you:
·         Explain and discuss the business plan in detail
·         Allocate responsibilities for at least 2 different strategies outlined within the plan
·         Instruct / mentor each person to whom you have allocated a responsibility to, to ensure they understand and are empowered to perform their allocated task
·         Ensure each staff member are trained in the following strategies – as appropriate to their allocated responsibility / strategy
o   recruitment
o   resource allocation
o   intellectual property
It is important that you are prepared for this session, ensuring you:
·         prepare for the session to ensure everything is covered
·         develop and provide relevant documentation / supporting materials to your team
Specifications
You are to submit the following:
Your meeting plan
Copies of documentation provided to employees
Your assessor will observe you running the meeting
Your assessor will be looking for your ability to:
·         analyse and research business vision, mission, values, objectives, goals, competitors, financial targets, management arrangements, marketing approaches and strategic, business and operational plans
·         write a business plan which includes a description of the business, products and services, financial, physical and human resource requirements, permit and licence requirements, marketing activity, financial indicators, productivity and performance targets for key result areas
·         implement a business plan including ensuring skilled labour is available, and that training is provided where appropriate
·         monitor and respond to business performance including evaluation of performance against key results indicators including profit and loss, community awareness or branding, environmental impact, governance, quality, sales, triple bottom line and the workforce
·         consult, communicate with and report to key stakeholders including business partners, financiers, customers, staff and technical advisers
·         provide an analysis of the strengths and weaknesses of a business plan.