| Effective Term: | 2024/05 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Fundamentals of Business Planning |
| Unit ID: | BSMAN1008 |
| Credit Points: | 15.00 |
| Prerequisite(s): | Nil |
| Co-requisite(s): | Nil |
| Exclusion(s): | Nil |
| ASCED: | 080307 |
| Other Change: | |
| Brief description of the Unit |
This course delivers the fundamentals of business planning to students. It introduces the essential components of business planning such as establishing business goals and objectives as the basis of measuring performance, the development of business strategies to underpin business planning, and the development of risk management strategies and contingency planning.
The course is aimed at middle level managers who may need to contribute to the development of business planning and/or strategy development within a broad range of organisational environments. |
| Grade Scheme: | Graded (HD, D, C, P, MF, F, XF) |
| Work Experience Indicator: |
| No work experience |
| Placement Component: No |
| Supplementary Assessment:Yes |
| Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment |
| Course Level: |
| Level of Unit in Course | AQF Level(s) of Course | | 5 | 6 | 7 | 8 | 9 | 10 | | Introductory | | |  | | | | | Intermediate | | | | | | | | Advanced | | | | | | |
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| Learning Outcomes: |
| Knowledge: |
| K1. | Recognise the fundamentals of different business planning concepts, techniques and formats and essential components of business planning. |
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| K2. | Identify relevant legislation, from all levels of government, and ethical obligations that may affect business operations, such as ethical principles, codes of practice, environmental issues and OHS |
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| K3. | Appreciate fundamentals of business planning to enable the application of this knowledge within the business/management environment. |
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| K4. | Recognise how international business may impact on the business planning process. |
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| Skills: |
| S1. | Analyse organisational strategic requirements and apply critical analytical thinking to the development of appropriate business planning strategies. |
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| S2. | Identify and access appropriate technology to research, organise data, and communicate with stakeholders and present business planning outcomes. |
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| S3. | Prepare business planning reports and/or presentations that communicate business requirements, relevant data and business planning outcomes. |
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| S4. | Participate in both class room and workplace discussions to identify business planning issues and develop appropriate strategies. |
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| Application of knowledge and skills: |
| A1. | Use initiative and judgement in recognising business planning requirements and apply appropriate strategies to address the workplace needs. |
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| A2. | Transform business planning knowledge and skills to develop an appropriate business plan. Use well developed judgement in managing the required processes to suit different organisational needs. |
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| A3. | Communicate individual learnings associated with the analysis and business planning process with confidence, autonomy, and professional judgement. |
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| Unit Content: |
This course describes the skills, knowledge and values required to develop a range of business plans including; feasibility studies, strategic, operational, financial and marketing. The course covers essential elements required in developing a written plan and introduces factors that impact on business planning such as current trends, structures, and government policies, legal, social, and environmental factors. It introduces students to organisational planning and strategies that underpin business plans such as OHS, financial data, marketing strategies, production factors, risk management strategies and contingency plans. |
| Graduate Attributes: |
| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K1, K2, S1, S3, S4, A1, A2, A3 | Individual assessment related to business planning theory and strategic concepts. It should be inclusive of ethics, sustainability, social responsibility, and global factors that may impact on the planning process | In-session test(s)/ Case study/ Essay | 10-30% | | 2. | K1, K2, K4, S1, S2, S3, A1, A2, A3 | Research and evaluate organisational planning requirements. Identify factors that impact on business planning such as current trends, risks, structures, and government policies, legal, social, and environmental factors. | Individual report/ Essay/ Presentation | 20-40% | | 3. | K1, K2, K3, K4, S2, S3, S4, A1, A2, A3 | Research and develop an appropriate business plan for an actual organisational environment. Students must document a range of subsidiary plans or strategies such as OHS, financial data, marketing strategies, production factors, risk management strategies and contingency plans. | Small group (2 to 3) report/ Essay/ Presentation | 30-50% |
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