Operational Planning in a small business: what approaches already exist and/or what can be translated from big business systems into small business rules of thumb.
This report is significant piece of work that requires a minimum of 10 unique sources of information and is to be 2000-2500 words in length (excluding references and direct quotes).
Remember to focus your research, writing and advice on things that will improve the business plan, YOUR groups. Please plan do not repeat what we cover in the textbook or lecture notes, that is wasted airtime, build upon it to tell us something new, or at least give as more detail, context and currency.
Your report should be written with the aim of improving the business plan of your group and also of informing the other groups by discovering newer, deeper and applicable knowledge of each topic (i.e. go well beyond what is in the text book and ensure your information is (no more than 2 years old in most cases), high quality contemporary (don’t cite random web pages unless the source is very well known) and very relevant to small businesses in the context of your location (Aust, Malaysia, Mauritius etc). Basically your report must focus on gathering knowledge that is useful and actionable for starting a SMALL BUSINESSES WITH ZERO TO 19 EMPLOYEES and not be something that is already covered (at the same depth) in the textbook. Your report should take into account the backbone principle you will learn about (that every decision is a trade-off between cash flow and benefit at start-up). Therefore your report a set of recommendations of the must conclude with likely cost of your and some logical attempt at calculating or quantifying their impact upon the profitability and recommendations productivity of the business.
Prior to submitting your report, you have one of your team members (ie someone from your group) read and must make written comment on your work using the same criteria as the template that your instructor will use (a copy is on Blackboard) to provide some peer feedback prior to it being formally assessed by your instructor.
This report is significant piece of work that requires a minimum of 10 unique sources of information and is to be 2000-2500 words in length (excluding references and direct quotes).
Remember to focus your research, writing and advice on things that will improve the business plan, YOUR groups. Please plan do not repeat what we cover in the textbook or lecture notes, that is wasted airtime, build upon it to tell us something new, or at least give as more detail, context and currency.
Your report should be written with the aim of improving the business plan of your group and also of informing the other groups by discovering newer, deeper and applicable knowledge of each topic (i.e. go well beyond what is in the text book and ensure your information is (no more than 2 years old in most cases), high quality contemporary (don’t cite random web pages unless the source is very well known) and very relevant to small businesses in the context of your location (Aust, Malaysia, Mauritius etc). Basically your report must focus on gathering knowledge that is useful and actionable for starting a SMALL BUSINESSES WITH ZERO TO 19 EMPLOYEES and not be something that is already covered (at the same depth) in the textbook. Your report should take into account the backbone principle you will learn about (that every decision is a trade-off between cash flow and benefit at start-up). Therefore your report a set of recommendations of the must conclude with likely cost of your and some logical attempt at calculating or quantifying their impact upon the profitability and recommendations productivity of the business.
Prior to submitting your report, you have one of your team members (ie someone from your group) read and must make written comment on your work using the same criteria as the template that your instructor will use (a copy is on Blackboard) to provide some peer feedback prior to it being formally assessed by your instructor.
Research
1. Look in the book then research and build on the knowledge. DO NOT REPEAT!
2. Look at Operational Planning that work for small business start-ups, reaching beyond the website and brochure.
3. What things work well for small businesses and NOT for big businesses?
4. Research past and current Operational Planning that work for reaching the website and small business start-ups, beyond brochure!
5. Report a set of recommendations of the must conclude with likely cost of your and some logical attempt at calculating or quantifying their impact upon the profitability and recommendations productivity of the business. Your suggestions about the future. What Operational Planning should small businesses use in the future?
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