Strategies to Improve New Venture Performance
Course Purpose Strategic planning in managing business performance involves outlining long-term objectives and aligning resources. Learners will be learning and applying performance supervision and monitoring, along with regularly monitoring, measuring, and reporting on business performance, enabling effective management. What you’ll …
Overview
Course Purpose
Strategic planning in managing business performance involves outlining long-term objectives and aligning resources. Learners will be learning and applying performance supervision and monitoring, along with regularly monitoring, measuring, and reporting on business performance, enabling effective management.
What you’ll learn
This unit standard is intended for learners who are required to implement and monitor a strategic plan to improve the performance of a new venture. Learners credited with this unit standard will be able to describe the concept of strategic planning in managing business performance, explain the role of the various functional strategies in business performance, apply business performance supervision and monitoring, monitor, measure and report on business performance, identify and rectify performance problems occurring in business.
Duration: 1 Day
Curriculum
Curriculum
- 5 Sections
- 22 Lessons
- 1 Day
- Unit 1: Describe the concept of strategic planning in managing business performanceASSESSMENT CRITERIA4
- 0.0A description is given of the concept of strategic planning for a new venture
- 0.1An explanation is given of the benefits of strategic planning for performance monitoring
- 0.2Aspects of a good strategic plan are identified from examples of a new venture
- 0.3The relationship between the timing of a strategic plan and performance of a venture is evaluated using examples from a new venture
- Unit 2: Explain the role of the various functional strategies in business performanceASSESSMENT CRITERIA4
- 0.0An explanation is given of the elements of a strategic plan
- 0.1Alternative functional structures are identified within a new venture
- 0.2An explanation is given of how key elements operate within each alternative structure
- 0.3Reasons for choosing particular organisational structures are described in terms of a particular business venture
- Unit 3: Apply business performance supervision and monitoringASSESSMENT CRITERIA4
- 0.0A business performance monitoring tool is selected for use in the new venture
- 0.1Supervision practices are evaluated for use in the new venture
- 0.2Marketing expenditure is analysed in accordance with the objectives of the new venture
- 0.3Business progress is monitored and attributes needing development identified against the project plan
- Unit 4: Monitor, measure and report on business performanceASSESSMENT CRITERIA6
- 0.0Qualitative and quantitative performance indicators are considered for a particular new venture
- 0.1Financial indicators are measured and reported for a particular new venture
- 0.2Customer satisfaction is monitored and reported for a particular new venture
- 0.3A variety of reporting lines are explained for a particular new venture
- 0.4Report priorities and requirements are described and documented for a particular new venture
- 0.5Progress is documented and reported in accordance with established procedures and agreed timeframe and format
- Unit 5: Identify and rectify performance problems occurring in businessASSESSMENT CRITERIA4
- 0.0Potential problems are identified, recorded and notified with a view to their resolution
- 0.1Symptoms of performance problems are identified and root causes determined
- 0.2Appropriate problem-solving methods and techniques are identified, selected and applied to solve the problem
- 0.3Performance problems are rectified within set timeframes
Requirements
- Grade 11
- NQF Level 3
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Course Features
- Lectures 22
- Quiz 0
- Duration 1 day
- Skill level All levels
- Language English
- Students 2020
- Assessments Yes