Start a Business and Unlock the Growth Code for Success
This course guides you through the essential steps to launch and grow your new business successfully. You will learn how to identify growth opportunities, develop effective strategies, and overcome common challenges faced by startups. Perfect for aspiring entrepreneurs eager to turn their ideas into thriving ventures and unlock their business’s full potential.
Unlock your business’s full potential from day one
Discover how to set your business up for success right from the start. This course will help you understand key growth drivers, plan strategically, and make confident decisions to build a strong foundation. Learn to spot opportunities, tackle challenges, and accelerate your journey towards a thriving business.
From Start-Up to Stand-Out
Take your business idea from concept to standout success. This course equips you with the tools and knowledge to launch confidently, build a strong brand, and stand out in a competitive market. Learn how to attract customers, grow sustainably, and turn your start-up into a business that makes a lasting impact.
Strategic Moves that Drive Results
Learn how to make smart, goal-driven decisions that push your business forward. This course focuses on practical strategies to improve performance, increase efficiency, and achieve real results. Whether you are just starting out or looking to grow, you will gain the tools to plan effectively, act decisively, and succeed with purpose.
Overview
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.
Description
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.
- A description is given of the concept of strategic planning for a new venture
- An explanation is given of the benefits of strategic planning for performance monitoring
- Aspects of a good strategic plan are identified from examples of a new venture
- The relationship between the timing of a strategic plan and performance of a venture is evaluated using examples from a new venture
- An explanation is given of the elements of a strategic plan
- Alternative functional structures are identified within a new venture
- An explanation is given of how key elements operate within each alternative structure
- Reasons for choosing particular organisational structures are described in terms of a particular business venture
- A business performance monitoring tool is selected for use in the new venture
- Supervision practices are evaluated for use in the new venture
- Marketing expenditure is analysed in accordance with the objectives of the new venture
- Business progress is monitored and attributes needing development identified against the project plan
- Qualitative and quantitative performance indicators are considered for a particular new venture
- Financial indicators are measured and reported for a particular new venture
- Customer satisfaction is monitored and reported for a particular new venture
- A variety of reporting lines are explained for a particular new venture
- Report priorities and requirements are described and documented for a particular new venture
- Progress is documented and reported in accordance with established procedures and agreed timeframe and format
- Potential problems are identified, recorded and notified with a view to their resolution
- Symptoms of performance problems are identified and root causes determined
- Appropriate problem-solving methods and techniques are identified, selected and applied to solve the problem
- Performance problems are rectified within set timeframes
- Non-accredited: Short course only
- Duration: 1h 30m
- Delivery: Classroom/Online/Blended
- Access Period: 12 Months
