Business Planning

Question 1

What are the three levels of business management?

Answer 1

1. Corporate Level
2. Management Level
3. Operational Level

Question 2

What is a business plan?

Answer 2

A document that defines the business objectives and suggests steps to be taken to realise the business strategy over the next 3-5 years.

Question 3

Does the RICS have a Corporate Strategy?

Answer 3

Yes, It sets out long term strategic goals of the organisation.

Question 4

What are the current RICS business objectives?

Answer 4

Through our credential and our professional standards we will create confidence in markets and be known for effecting positive change in the built and natural environments.”

Question 5

How could a business plan be laid out?

Answer 5

A business plan can be laid out as below:

1. Executive Summary
2. Financial Forecasts
3. Management team
4. Description of business opportunity
5. Market and Sales Strategy

Question 6

What would you expect to find in a business plan?

Answer 6

• Method Statement.
• Goals and Objectives.
• SWOT analysis.
• Key Performance Indicators.

Question 7

What are GT’s business objectives?

Answer 7

We focus on minimising risk and creating opportunities to maximise the value of our clients’ developments and property assets.”