Q.1. Developing a business plan Business plans are critical tools for business growth and development. They will vary depending on the needs of the organisation. A business plan should be supported by strategic plans, operational plans and often by a marketing plan and cash flow forecasts. A business plan would generally be written for a […]

Monitor performance Scenario Your organisation has identified a new marketing opportunity. The design department has come up with a new product, and the marketing department has researched to determine that there is a market for the product. A business plan to support the introduction of the new product has been drawn up. Risk analyses and

Respond to performance data In 1,500 words, explain: why it is necessary to collect performance data the action that could be taken if the data points to underperformance the link between performance monitoring and continuous improvement Task 1 Demonstrate the following task: Task 1 Establish a business plan for an organisation that includes: a description

ABC Company is a multinational corporation that provides technology solutions to various industries. The company has experienced a high turnover rate among its employees, particularly in the sales department. The senior management team has identified the need to improve the skills and knowledge of the sales staff to reduce turnover and increase productivity. 1. What

Lighting X is a Spanish company dedicated to the sales of decorative lamps, especially for use in hotels, restaurants, bars and other kinds of collectivities. The company sells mainly directly to distributors (who resell to the hotel or restaurant), but also sell over some marketplaces, in this case more for the retail market.Following the recent

1. What is Material Resource Planning (MRP)? 2. What are the key components of an MRP system? 3. What is the role of the master production schedule in MRP? 4. What is the bill of materials in MRP? 5. What is the role of inventory records in MRP? 6. What is the role of purchasing

What is Six Sigma? What are the key principles of Six Sigma? What is DMAIC in Six Sigma? What is the role of a Six Sigma Black Belt? What is the role of a Six Sigma Green Belt? What is the difference between a Six Sigma Black Belt and a Green Belt? What is the

What is logistics? What are the key components of logistics? What is transportation in logistics? What are the different modes of transportation in logistics? What is warehousing in logistics? What is inventory management in logistics? What is information management in logistics? What is supply chain management? What is the role of logistics in supply chain

What is PERT and what does it stand for? What is the purpose of PERT? What are the key elements of PERT? What is a network diagram in PERT? What are activity duration estimates in PERT? How does PERT calculate the expected completion time of a project? What is the critical path in PERT? How

Evaluate procedures for effective working relationships with others. Analyse common objectives used when working with others within the boundaries of own role and responsibilities. Explain the contribution learners can make to enhance partnership working. Evaluate own strengths and weaknesses in relation to partnership working. Describe ways to improve your own practice in relation to partnership