Course Content
Establish a business plan
This topic covers creating a business plan by considering organisational and legal frameworks, market requirements, business goals, competitors, and resource needs, with input from stakeholders
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Implementing a business plan
This topic involves executing a business plan by communicating it to stakeholders, ensuring skilled labor availability, testing and refining performance measures, generating reports, and promptly reporting any failures or variances.
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Responding to performance data
This topic focuses on responding to performance data by analysing reports, refining performance indicators, coaching underperforming staff, and establishing continuous review processes for improvement
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BSBOPS601 Develop and implement business plans
About Lesson

In addition to the content in this video lesson, also consider other ways in which you can improve the quality of the information your source in order to make better quality decisions. 

Consider the following: check the credibility of the source, cross-reference with multiple reputable sources, examine publication dates, evaluate objectivity, consider the source’s purpose and potential bias, check for corrections or retractions, seek expert opinions, use fact-checking resources, apply your critical thinking, be aware of confirmation bias, and educate yourself in information evaluation techniques. This helps you verify information’s accuracy and reliability, vital for making informed decisions and avoiding misinformation.