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
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.
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
BSBOPS601 Develop and implement business plans
About Lesson

A business plan is of little use to an organisation without a means of putting it into place. The following information is a general overview of the implementation process.

Implementation is an essential part of the business planning process. The specific implementation process can vary from organisation to organisation and largely depends on the business plan itself. However, there are some key steps that can be followed to ensure that implementation is successful and that the business plan is effective.

Step 1

 Evaluate the Business Plan.

The first step in the implementation process is to step back and evaluate the business plan before implementing it.

It is important to carefully review the plan and highlight any elements of the plan that might be especially challenging.

It is essential to recognise any parts of the plan that might be unrealistic or excessive in cost, either of time or money. These should be highlighted and kept in mind as the business plan is implemented with possible back up plans in case the original plan fails.

Step 2

 Create a vision for implementing the Business Plan.

This vision might be a series of goals to be reached, step by step, or an outline of items that need to be completed.

It is important to let everyone know what the end result should be and why it is important.

Establish a clear image of what the Business Plan is intended to accomplish.

Step 3

 Select team members to help you implement the Business Plan.

The team should understand the purpose of the plan and the steps involved in implementing it.

Step 4

 Schedule meetings to discuss progress reports.

At the meeting, present the list of goals or objectives, and let the team know what has been accomplished, for example, whether the implementation is on schedule, ahead of schedule, or behind schedule. It is important to assess the schedule regularly to discuss any changes that need to be made.

Step 5

Involve owners if relevant.

Keep them informed on what is happening, and provide progress reports on the implementation of the plan.

Letting owners know about the progress of implementation makes them a part of the process, and, should problems arise, they will be better able to address concerns or potential changes.