BQS569 Business Planning UITM Assignment Sample Malaysia

BQS569 Business Planning course covers the topics of strategic planning, financial planning, organizational design, and implementation. The course emphasizes on how to develop a business plan from beginning to end. Students are taught the key components required for successful business planning including researching and analyzing markets, identifying target customers, forecasting revenues and expenses, developing marketing plans, setting goals and objectives, developing action plans and tracking progress.

The course also covers various legal and regulatory issues that may affect the business. Additionally, the course discusses methods for evaluating risks associated with business decisions and techniques for making sound financial decisions. By the end of the course, students should be able to create comprehensive plans for their businesses with confidence.

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In this section, we will detail some project specifications. These include:

Assignment brief 1: Explain the various theories, principles and processes of business planning in relation to the construction industry.

Effective business planning is vital for success in any industry, and the construction field is no exception. There are various theories, principles, and processes that form the basis of sound business planning. One such theory is the SWOT analysis, which enables businesses to identify their strengths, weaknesses, opportunities, and threats. Another critical principle is the establishment of SMART goals (Specific, Measurable, Achievable, Realistic, and Time-bound) to guide decision-making and monitor progress.

Similarly, the planning process involves determining the resources needed, forecasting revenue and expenses, and developing contingency plans for unexpected events. Incorporating these theories, principles, and processes into a comprehensive business plan can give construction companies a competitive edge in the market and facilitate sustainable growth.

Assignment Brief 2: Identify factors contributing to the success of the business organization in the construction industry.

The construction industry is a competitive and ever-evolving environment, yet some organizations rise to the top and achieve unprecedented levels of success. There are several factors that contribute to the achievement of such success, ranging from smart financial management to effective communication and teamwork. Innovativeness and the ability to adapt to changes is also key factor that separates successful businesses from those that struggle to keep up.

Investing in human resources and creating a positive work culture that promotes growth and development is another critical building block to success. Lastly, adherence to safety standards and regulations is an important element that not only protects employees but also helps businesses maintain a good reputation and earn a strong customer base. By mastering these factors, organizations in the construction industry can build a solid foundation for continuous growth and success.

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Assignment brief 3: Present information clearly and appropriately well to the targeted audience.

Crafting a clear and meaningful message for your audience is key to successful communication. Your messaging should be concise and direct, as people quickly lose interest in overly detailed information. You should also tailor the content based on the recipient’s needs, as different audiences have different preferences and levels of understanding.

Additionally, it’s important to select an appropriate medium for your message; for example, providing written or multimedia instruction would likely be more appropriate than giving an oral presentation if trying to reach a large audience. By taking these factors into account, you can ensure that your information is effectively presented to the intended recipients.

Assignment Brief 4: Demonstrate knowledge and understanding of the business process through the presentation.

When it comes to presenting on business processes, there are a few key things to keep in mind to ensure successful delivery. To begin with, it’s essential to have a strong understanding of the process itself – this means having a clear grasp of not just the steps involved, but also the context in which it operates, and any external factors that may influence its efficacy.

Once you have this foundation in place, you can tailor your presentation to suit your audience, whether that’s a team of colleagues or a client. Make sure to use visual aids to break up the information and keep your audience engaged, and be prepared to answer any questions that come your way. Above all, aim to convey the importance of the process, and the positive impact it can have on the wider business – this will help to get everyone on board and invested in its success.

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