BSBOPS601 - Develop and

implement business plans

Week #1

greenwichcollege.edu.au
 • Introduction
TOPICS • Importance of the business plan

• Develop a business plan

• Consult with key stakeholders

• Review

greenwichcollege.edu.au
 LEARNING
OBJECTIVES • Explain the role of a business
plan in a business
• Determine alignment of business
plan with the organisation
• Consult with stakeholder

greenwichcollege.edu.au
 Importance of a business plan

 To assess a business idea

 As a blueprint for a developing business
 To request financial resources (from a bank
or an investor for example)
 To be a guideline to develop business
planning and manage sustainable business
growth

greenwichcollege.edu.au
 Review pre-existing strategies

 Changes to internal or external business

environment?
 Are there any issues?
 Consult with stakeholders
 Review and make adjustments
 Seek approval for changes
 Implement changes

greenwichcollege.edu.au
 The business

 Vision
 Mission
 Values
 Strategic objectives
 Core competences
 Synergy

greenwichcollege.edu.au
 Consult with stakeholders

 Purpose of consultation
 Identify them
 Analyse them
 Engage them

greenwichcollege.edu.au
 The entrepreneur

 Uncertainty
 Risks
 Commitment
 Determination
 Competency

greenwichcollege.edu.au
 Idea Vs Opportunity
 Create or add significant value to a customer or end user
 Fix a real problem in the market, something that is truly a
market pain
 The need for the product or service is pervasive
 There are robust market, margin and profit-ability
characteristics that the entrepreneur can prove
 The founder and management team have collective
domain experience that matches the opportunity

greenwichcollege.edu.au
Business environment

greenwichcollege.edu.au
Scanning the business environment

 PESTLE
 SWOT
 VoC
 5 Forces model of
competition

greenwichcollege.edu.au
Five forces model of competition

greenwichcollege.edu.au
CONCLUSION

QUESTIONS AND
RECAP

greenwichcollege.edu.au
 Disclaimer

Icons and images in this document sourced and purchased from:

www.dreamstime.com/, sourced via google search as ‘labelled for
reuse with modifications’ or sourced from www.pixabay.com
under a CC0 Creative Common license (free for commercial use
and no attribution required).

greenwichcollege.edu.au