Business planning Flashcards
Tell me about your involvement with business planning.
Weekly team meetings, business development meetings, attend townhalls
What are the corporate objectives of your firm?
Realize the potential of our clients, professionals and partners by building the real estate solutions of the future.
How do you work towards these in your role?
Act professional, undertake trainings to enhance my professional and technical skills, aim to become a chartered surveyor
How can an up to date business plan help an organisation in the current economic climate?
An up-to-date business plan can serve as a guide for decision-making, especially in times of economic uncertainty. It can help organizations to make informed decisions that align with their goals and objectives.
An up-to-date business plan can help an organization to develop a roadmap for growth. By analyzing market trends and identifying new opportunities, an organization can update its business plan to reflect its goals for growth.
What are some of the typical things you’d find in a business plan?
Why is relationship building important for your role?
Repeat business, increased trust and loyalty
What is a SWOT / PEST analysis?
SWOT and PEST analysis are both valuable tools for organizations to evaluate their internal and external environment and to understand the factors that may impact their business. While SWOT analysis focuses on internal strengths and weaknesses and external opportunities and threats, PEST analysis focuses on the external macro-environmental factors, including political, economic, social, and technological factors.
What are some of the typical things you’d find in a business plan?
Market analysis, products/services, marketing strategies, financial projections, implementation plans
Can you tell me about when you have used one in your role?
I add SWOT analysis for every property I value
Explain the objectives of the RICS Covid-19 Recovery Business Plan.
RICS Covid-19 Recovery Business Plan is focused on supporting its members, industry partners, and stakeholders to navigate the challenges posed by the pandemic and emerge stronger and more resilient.
Why are the RICS consulting on their business plan?
The RICS is consulting on their business plan to ensure that it is aligned with the needs and priorities of its members, stakeholders, and industry partners. By consulting on the plan, the RICS can gather feedback and input from a broad range of stakeholders, including members, regulators, policymakers, and industry partners.
What is RICS strategic review called?
The strategic review conducted by RICS is called “Raising Our Game: Strategic Plan 2020-2024”
What is business continuity and why is it important?
Business continuity refers to the ability of an organization to continue its critical functions and services in the event of unexpected disruptions or disasters. It involves identifying potential risks and implementing strategies to mitigate them, as well as developing plans and procedures to ensure that critical operations can continue or resume as quickly as possible in the event of a disruption.
