BSBMGT515 A

Manage Operational Plan

Assignment 2

The old private members bar is being changed to the new steak restaurant. Implementing a business plan includes all sorts of milestones, objectives, goals and action plans. It is important that dates accompany each of these. Once a date has been assigned to a specific task, goal, etc. It becomes a target. Everyone involved in carrying out the activities set forth in a business plan must have a complete understanding of the various targets, their involvement and how they will be met or achieved. There needs to be some level of accountability and follow-up. When targets have been met, those involved should know. The objectives and scopes of the plan is fulfil the needs of the customers and to get the good business for the company and to maintain good
cost
quality
facility
luxury

Market research and feedback is giving very good response. Use indicators such as sales volume, productivity benchmarks and market share statistics to guide you in making a decision as to whether or not a target has or has not been met.

Keys to Sucessfully Implementing a Business Plan Strategic planning are more than the process of analysis and objective setting that occurs once a year. Once the Business Plan has been created and communicated, implementation and continued review should follow throughout the year. The Business Plan is built during the planning season by completing a thorough business assessment, making operating decisions, building operating plans and making the financial decisions that will allow the Business Plan to succeed. The remaining part of the year should be devoted to implementation, continuous measurement and review and, if needed, corrective action planning. Implementation is a process involving aligning an organization's actions and resources with its objectives.

Implementing the