BSBMGT617- Develop and Implement a Business Plan Assessment Task 1

1) Outline three reasons why a company may choose to develop a business plan.

2) Outline the key steps involved in developing a business plan.

3) Outline five common components of a business plan.

4) Outline three areas that the initial business planning process may address.

5) Outline the purpose of a SWOT analysis in a business planning process.

6) Describe the relationship between performance objectives and key performance indicators in a business plan.

7) Explain why it is important for a business to use a range of performance measures within its business plan.

8) If a business plan has an objective of improving customer satisfaction, describe three performance measures that could be used to measure customer satisfaction. 9) Describe the balanced scorecard approach in relation to performance measurement

10) Outline key stakeholders who may be involved in business planning.