Part A - Establish business plan

For this task you are required to develop a business plan for the'Bounce Fitness: Fitness in Maturity' venture.

1. Using Bounce Fitness existing documentation including 'Mission, Values, Values and Culture', 'Bounce Business Plan', 'Business Strategy', as well as 'Business Objectives and KPI' analyse and interpret each in relation to the new project. How will you meet the requirements of the organisation in each area in regards to the new venture?

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1. What are the organisational and legislative frameworks relevant to this project?

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1. Referring to the Hierarchical Structure for the Centres, discuss who would be appropriate to consult with as your key stakeholders.Use the proforma provided.

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What (Information)	Why (Purpose)	When (Frequency)	How (Channel)	Who (Recipient / Stakeholder)

1. Conduct your own research and report on the market requirements for the Case Study in terms of competitors, customer needs and pricing options.

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1. Develop objectives and performance measuresfor the venture to be used by key stakeholders.

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1. What financial, human and physical resources will be required to implement the venture?

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1. Are there any licenses or permits that will be required to implement the venture? If so, describe what these are and how you will obtain them?

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1. Using your answers to the previous questions produce a business plan appropriate to the new venture, using the template in Additional Resources (to be downloaded as a separate file): Business Plan Template. Note: Use the existing Bounce Fitness Business Plan as guide. You will be required to make up information to suit various headings and content with the template offering suggestions as to what needs to be provided.

Your business plan must include at a minimum:

Description of the business

• Community awareness or branding
• Environmental impact
• Governance
• Products and services
• Quality

Financial, physical and human resource requirements

• The workforce

Permit and license requirements

Marketing activity

• Sales

Financial indicators:

• Profit and loss
• Triple bottom line (abbreviated as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and financial. These three divisions are also called the three Ps: people, planet and profit, or the 'three pillars of sustainability').

Productivity and performance targets for key result areas.

• Communication plan

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Part B - Implement the business plan

You are required to complete the following tasks using the business plan you have designed in Part A.

1. How would youconsult, communicate and report the business planand ensure understanding of performance requirements and timeframes to the relevant stakeholders. Use the proforma provided.

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Stakeholder Name or Organisation	Stakeholder Description	Stakeholder Interest	Stakeholder Expectations	Stakeholder Impact	Engagement Strategy	How to address Stakeholder Impact
Name, title or organisation	Brief overview	List the nature of their interest in the project	Insert any identified stakeholder expectations	E.g. positive or negative	E.g. Keep informed	Insert how you will address stakeholder's project impact

1. How will you ensure skilled labour is available to implement the plan and how will you manage training if required?

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1. How will you test and evaluate the performance measurement systems and refine, if necessary? Use the proforma provided.

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Actions for testing and evaluating	Who	When	Performance Measures

1. How will you ensure timely reports on all key aspects of the business are available, user-friendly and balanced in terms of financial and non- financial performance?

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1. How will you report any system failures, product failures and variances to the business plan as they occur?

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1. Develop a report which outlines the key tasks and activities required to implement and monitor your business plan using the using the template in Additional Resources (to be downloaded as a separate file): Action Plan Report.

Part C - Respond to performance data

Respond to the data in the Profit and Loss - Brisbane for the years 2021 and 2022 as well as the 2023 Projected Budget for Brisbane Centre:

• Profit and Loss - Brisbane
• 20XX Projected Budget for Brisbane Centre

Discuss each of the following items for the 'Bounce Fitness: Fitness in Maturity' venture.

1. Analyse the performance reports against planned objectives as well as the performance indicators, making notes or preparing a slideshow in preparation for a meeting you will hold with stakeholders.

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1. Conduct a meeting with the key stakeholders to discuss your planned objectives and performance measures for the venture, as well as to seek their feedback and recommendations. The meeting should be a minimum of five (5) minutes) and a maximum of ten (10) minutes in length and involve at least three (3) participants as stakeholders.
2. Report to key stakeholders summarising the recommendations from the meeting on the planned objectives and performance measures for the venture.

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Part D - Review and continuous improvement

1. Having analysed the performance reports against planned objectives as well as conducted a meeting with stakeholders to seek their feedback and recommendations review and refine your performance indicators where required, in order todeal with the strengths and weaknesses of the business plan.

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1. Describe which groups or individuals are under-performing? How will you ensure groups and individuals who are under performing are coached, and necessary training is provided.

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1. How and with what frequency will you review system processes and work methods as part of continuous improvement?

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