Business Planning Flashcards
What are benefits of business planning?
Help focus on key priorities and strategic focus.
Set priorities for organisation.
Manage change efficiently and effectively.
What is included in a Business plan?
Goals and objectives.
Analysis of opportunities and risks – Strengths, Weaknesses, Opportunities, Threats (SWOT analysis).
Resources required to undertake work.
Method statement.
KPIs.
What is your company’s management structure / business model?
ExCom.
Chief Executive Officer.
Chief Operating Officer.
Director of Operations.
Unit Head.
Grade 7 technical leads and Team Leaders.
SEO’s.
HEO’s.
EO’s.
AO’s.
What are the VOA’s strategic objectives?
Produce reliable property valuations.
Produce clear and consistent experience for our customers, clients, and stakeholders.
Design and deliver a professional, efficient, and engaged organisation.
How do you feel your role contributes to the achievement of the organisation’s objectives?
That should be your thoughts/opinion. Think about VOA objectives and how your work contributes towards them.
What is the purpose of KPI’s?
KPIs are quantifiable measures of an organisation’s performance against a set of targets.
What are some VOA KPI’s?
Volume of cases – cases completed.
Timeliness targets – statutory and SLA.
Utilisation rate of billable work in DVS.
Quality Assurance (Valuation Integrity).
What are the key acts governing business planning?
The Companies Act 2006.
The Employment Rights Act 1996.
The National Minimum Wage Act 1998.
Working Time Regulations 1998.
The Equality Act 2010.
The Health and Safety Act 1974.
What types of business plans are you aware of?
Start-up business plans – when commencing a company.
Operational business plan – it describes milestones, conditions for success.
Strategic business plan – a strategic plan takes planning a step further by not only defining company goals but utilising a SWOT analysis to plot a pathway.
Departmental business plan – a business plan for department.
Corporate business plan – a strategic tool used by companies to set up long term plans to meet certain objectives.
What is the structure of a Business plan?
Executive Summary.
Company Description.
Market Analysis.
Competitive Analysis.
Management & Operations.
Marketing and Sales.
Financial Summary.
How do you think an up-to-date business plan can help an organisation in the current economic climate?
To seek funding.
To gain new instructions, new clients.
To help focus on key priorities.
To allow the organisation to respond to change.
For budgeting.
For setting targets for staff.
