Business planning - L1 Flashcards
Tell me about your involvement with business planning.
Inolved in setting objectives for the year directly linked to the Estates Outcome Plan and the Local Outcome Plan
What are the corporate objectives of your firm?
Outlined in the Estates Local Plan - ROMPS
Risk and assurance - protect the business
Our People - tools and skills to develop people
Money - value for money
Partnerships - expertise to innovate and deliver outcomes with partners
Sustainability - creating a culture embedding sustainability
What are some of the typical things you’d find in a business plan?
Strategic plan - grand plan
operational plan - how to deliver this
departmental plan
corporate strategy
How do you use networking to further your business planning skills?
I engage with industry professionals, attend seminars and conferences, and participate in professional groups, which helps me stay informed on industry trends and gather insights for business planning.
Why is relationship building important for your role?
Building strong relationships with clients, colleagues, and stakeholders enhances collaboration, trust, and opportunities for future business development.
SWOT stand for?
Strengths, Weaknesses, opportunities, threats
What insurance types have you dealt with and what risks have they protected against?
PII - protecting against claims of professional negligence
Employers liability - covering workplace injuries of illness
What is business continuity and why is it important?
Business continuity ensures that an organization can maintain essential functions during and after a disruptive event, protecting against financial loss and reputational damage.
