APC Mandatory - Business Planning

Question 1

Name a type of business plan?

Answer 1

STRATEGIC focused on mid/long terms goals and how to meet them
OPERATIONAL outlines goals and objectives of a company and how they can be achived
CORPORATE defines strategy on how employees can meet businesses targets
DEPARTMENTAL

Question 2

What is your employer’s business plan

Answer 2

3 strategic objectives
1) provide trusted property valuation efficiently
2) deliver excellent customer service
3) be a great place to work

Question 3

What is a business plan?

Answer 3

Sets out core and strategic objectives and how to meet them

Will usually have short, medium and long term goals

Question 4

What is business forcasting?

Answer 4

Making informed guesses about certain business metrics regardless of weather they reflect the specifics of a businesses

Question 5

Describe corporate planning

Answer 5

Implement strategies for meeting business goals and achieving objectives

Question 6

How does business planning contribute to the success of a company?

Answer 6

Facilitates decision making and allows for set time frame to meet core objectives. Also allows company to measure performance

Question 7

What is return of investment

Answer 7

Ratio between income/investment

Question 8

Tell me about your involvement in business planning?

Answer 8

Regularly participate in team meetings of which I contribute and listen to ideas of future development

Question 9

What is a SWOT analysis

Answer 9

Strength weakness opportunities and threats

Question 10

Can you tell me when you used a SWOT analysis?

Answer 10

I used swot analysis in my own development to target areas of weakness which I can improve through CPD

Question 11

What is the latest RICS business plan?

Answer 11

Building towards a new future business plan 21-22
Includes focus on sustainability and diversity