How have the COVID-19 mask wearing, social distancing, and lock-downs and the increasing use of video teleconferences and teleworking affected organizational power dynamics and influence in the workplace?
How have you adapted? How has this “new normal” affected your position in the organization? How has your own organization adapted? For the better or for the worse? Explain.
Words: At least 310 words
APA Format
No Plagiarism
Assessment Title: Business Plan
Word Limit: /1500 words
Analyse small business management decision making and strategies for success
Create a three-year financial plan given a business scenario
LO5: Create a proposal for strategies to improve business performance
Assessment Description
You are required to read the scenario provided.
Jane has asked you to provide her a business / strategy plan for her business in moving forward. She knows she needs to expand her business into another capital city as well as automate her business better to be financially sustainable.
After reading the scenario, you will be required to submit a business plan she can take to her board to justify the expansion including raising $350k. The plan will include the following:
• Identify capital city to expand into which will provide the more profitable return-on- investment. This will include conducting market research to determine which capital city is suitable based on FutureProfit’s current target market.
• The advantages and disadvantages of leasing a commercial property or renting a co- working in the new city including the financial requirements.
• A business model canvas for FutureProfit Pty Ltd. A good video to understand and present the business model canvas, watch https://youtu.be/IP0cUBWTgpY (The Business Model Canvas – 9 Steps to Creating a Successful Business Model – Startup Tips).
• Staff training needed to be future-ready.
• Two strategies / solutions you think will improve business performance and sustainability (e.g., how and what to automate). This information will also provide the basis for capital injection (e.g., technological requirements).
• Financial projections for the next three years
• MARKETING PLAN
• Operational plan
• EXECUTIVE SUMMARY (1 page)
• INTRODUCTION
Scenario
Jane has been operating her business consulting and accountancy practice, FutureProfit Pty Ltd, for five years. She has done quite well for herself being in accounting for over 20 years and being recognised in her field locally, nationally and internationally. Though she has a few clients overseas, the majority of her client base is in Canberra, where she has resided pretty much all her life.
Despite her success, she is concerned about the sustainability of her practice over the next 5-10 years due to the changing nature and threat of automation to the accounting / bookkeeping industry. She has read that artificial intelligence, cloud computing and blockchain will continue to affect the industry. Additionally, she is concerned that her staff does not have the technical, analytical, leadership and consulting skills needed to continue their success in the future. She currently has four full-time employees: two accountants, one bookkeeper, and one office manager. She also has two part-time bookkeepers and a marketing/social media coordinator who all work off-site.
Her target market is SMEs who are in a growth phase and have a minimum turnover of $1 million per annum. Though she doesn’t target a specific industry, she tends to attract those companies that are in either health, education or the STEM (science, technology, engineering, mathematics) fields – just due to the nature of Canberra.
She currently promotes her business mainly via word-of-mouth and networking at local professional associations such at the Canberra Business Chamber, the Australian Institute of Company Directors, and the Canberra Women in Business.
Last year’s sales revenue was $550,000.
Her key expenses are her own wage ($150k),
Salaries/wages ($320k),
Marketing/advertising ($50k),
and general operations ($100k).
She has two directors which she pays a token $25k each per year. She currently operates her business out of a detached building on her property and allocated $24,000 towards rent. Jane believes that the expansion will increase their sales revenue by 20% the first year, 30% the second year, and 40% the third year.
Her company currently uses XERO, a cloud-based accounting software platform for small and medium-sized businesses. Other than that, no other automation has been implemented.
Capital Raise
It is anticipated that the breakdown of the capital raise will be as follows:
(a) One full-time technical programmer @$100k;
(b) one full-time accountant @$80k;
(c) $100k towards interstate expansion (including operational and occupancy costs), and
(d) $70k for marketing.
A template business plan is provided on the portal to you to use if you wish. You are not required to use the template business plan. You are required to have a minimum of 10 references which can include journal articles, market research documents, government publications, industry reports, etc.
Criteria CR (Credit) 65%-74% D (Distinction) 75% – 84% HD (High Distinction) 85%-100%
Mark
Executive Summary One-page Executive Summary included. One-page Executive Summary included. One-page Executive Summary included. /2
Introduction Introduction is good with an overview of the company and the industry it services. SWOT analysis including trends affecting the industry needs more detail. Purpose of the plan identified. Solid Business Model Canvas included. Very thorough introduction with an overview of the company and the industry it services. SWOT analysis including trends affecting the industry discussed. Purpose of the plan identified.
Thorough Business Model Canvas included. Introduction is comprehensive with an overview of the company and the industry it services.
SWOT analysis including trends affecting the industry discussed. Purpose of the plan identified. Comprehensive Business Model Canvas included. /8
Marketing Plan Expansion city identified with solid market research included to justify choice of city. More depth needed of market details. Good customer and competitor details. Good marketing strategies identified for new market. Expansion city identified with thorough market research included to justify choice of city. Very good depth of market details including customer and competitor details. Thorough marketing strategies identified for new market. Expansion city identified with thorough market research included to justify choice of city. Comprehensive market details including customer and competitor details, and marketing strategies identified for new market. /8
Operations Plan Solid details of specific
operations identified and described. Training requirements highlighted and explained. Sound business performance strategies explained. Tenancy options discussed. Thorough details of specific
operations identified and described. Training requirements highlighted and explained very well. Business performance strategies and tenancy options discussed in detail. Comprehensive details of
specific operations identified and described. Training requirements, business performance strategies and tenancy options extremely thorough. /8
Financial Plan Financial details broadly identified and described. Demonstration of intermediate level understanding of financial plan purpose. Financial details well identified and described. Demonstration of high-level understanding of financial plan purpose. Financial details comprehensively identified and described. Demonstration of advanced level understanding of financial plan purpose. /6
8
Answer clearly and logically presented Paragraphs are generally well
organized. Better transitions needed. The progression of ideas could be more thoughtful. Paragraphs relate back to main arguments to prove argument. Ideas & arguments are well
structured. Thoughtful progression of ideas and details. Sound transitions between paragraphs. Major arguments are effectively made. Ideas & arguments are
effectively structured. Thoughtful progression of ideas and details. Excellent transitions between paragraphs. Concluding comments leave the reader thinking. Major arguments are effectively woven throughout everybody paragraph, with ideas
always related back to main argument. /2
Appropriate theory and research used to answer question posed Good critique examines the relevant issues and makes good observations from appropriate theory and research. Has between 5-7 references. A very good critique considered all the relevant issues and made important observations made from appropriate theory and research. Has between 8-9
references. Fully considered all the relevant issues and made significant observations made from appropriate theory and research. Has 10+ references from a wide variety of appropriate sources. /2
Correct academic writing style used, including correct spelling, grammar and punctuation Sentence variety is adequate. Tone is appropriate. Diction is clear but could be more effective. Language is academic, and writing is clear and effective.
Very little or no unclear or awkward phrasing Sentence variety is effective and good. Tone is appropriate and consistent. Diction/ vocabulary is appropriate and effective. Language is academic. Writing is clear, and concise. Sentence variety is effective and sophisticated. Tone is appropriate and consistent.
Diction/ vocabulary is sophisticated and effective. Language is academic. Writing is clear, concise, and strong. /2
Format of answer consistent with question requirements Meets editing, spacing, fonts, and other editing requirements. Meets almost all editing, spacing, fonts, and other editing requirements. Meets all editing, spacing, fonts, and other editing requirements. Assignment status: Solved by our Writing Team at EssayCabinet.comCLICK HERE TO ORDER THIS PAPER AT EssayCabinet.com
Assignment Steps
Create a Microsoft PowerPoint presentation, Prezi, or Vimeo video, etc. which illustrates one traditional media option (print, TV, radio, billboard, etc.) and one new (social media) media option for your brand and brand strategy for a product or service of your choice. The presentation should be a minimum of 7-10 slides or, if Prezi or Vimeo video, an 8-minute minimum.
Note: Prezi presentations cannot be uploaded to the classroom. Please provide your instructor with the link to the presentation on the web. Prezi will provide you with a URL link to the presentation.
Discuss in a minimum 700 words the differences between the traditional media option and the new media option in terms of audience, reach, channel and content. A table of differences may be used to concisely illustrate the differences but you must include a discussion of insights/concerns/issues between the media options.
Your deliverable should include an actual marketing piece for the selected traditional media and for the selected new social media option . This can be actual copy, visuals, radio text, layout sketches, storyboard, etc. (possibly including slogans, logos, etc.) to illustrate how you would incorporate your creative recommendations into the two media branding or product strategies.
Note: Charts/graphs/tables in your Microsoft Word write-up do not count towards the word count.
Format your assignment according to APA guidelines.
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