Bussiness Planning

Question 1

• How do you input into your companies business plan

Answer 1

By providing feedback to senior members of my team of what is going well and what isn’t. Ensure I am submitted my timesheets on time and completing my project reviews on time.

Question 2

• Give me 3 headings that go into a business plan

Answer 2

Vision and missions statement, marketing strategy, Team roles, SWOT analysis

Question 3

• What are smart objectives and why should they be used for business planning

Answer 3

SMART objectives are specific, measurable, achievable, relevant and timely – because it ensures that all the objectives set have direction and are targeted to be achieved.

Question 4

• What is the RICSs business plan

Answer 4

RICS has been responding to the immediate financial implications of the pandemic and reshaping itself over the last year to cope with an agile shift to new ways of operating. Its 2021-22 business plan focuses on 5 areas, building trust in stakeholders, RICS qualifications in demand, involved and engaged members, influential leaders and sustainability.

Question 5

• What is a business plan?

Answer 5

A document that summarises the operational and financial objectives of a business. Likely 3-5 years.

Question 6

• What are your companies short, medium and long term goals?

Answer 6

Short term – bid and win new projects, medium term, employ more staff members particularly in the female/gender equality, progress to being more sustainable as a company and long term to increase the companies overall brand, increase projects in each sector by 10%