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Research Skills. Where to find information…. What topics this presentation covers:. Strategic Planning Developing a Business Plan Developing a Marketing Plan Risk Management Corporate Sponsorship PESTLE Analysis SWOT Analysis Industry Analysis - where to find reports.
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Research Skills Where to find information…
What topics this presentation covers: • Strategic Planning • Developing a Business Plan • Developing a Marketing Plan • Risk Management • Corporate Sponsorship • PESTLE Analysis • SWOT Analysis • Industry Analysis - where to find reports
Strategic PlanNING • Strategic planning is an essential process for every business. • A Strategic Plan sets the direction for the business over an extended time (e.g. 3-5 years or longer). • It defines the goals for the business, what the business will do and how it will do it. http://www.smallbiz.nsw.gov.au/run/strategy/strategy/Pages/default.aspx
A BUSINESS Plan • A Business Plan is a one-to-two year subset of the Strategic Plan - it describes in greater detail how the business will progress its strategy. • It outlines the business, its objectives, strategies, target market and financial forecasts.
Business Plan Template http://www.smallbusiness.wa.gov.au/business-plan/
Business Plan Template http://www.business.gov.au/Information/business-plan-template-and-guide/Pages/default.aspx
A Marketing plan • A Marketing Plan is a component of a Business Plan. • It outlines your marketing strategies to attract new clients and keep existing ones. • It involves an in-depth industry analysis.
http://www.business.qld.gov.au/business/running/marketing/write-implement-marketing-planhttp://www.business.qld.gov.au/business/running/marketing/write-implement-marketing-plan
A RISK Management plan • “The process of identifying risks, assessing risks and developing strategies to manage risks is known as risk management.” • By understanding potential risks and finding ways to minimise their impacts, helps a business to recover quickly if an incident occurs. • A Risk Management Plan (Emergency Management & Recovery Plan) should detail a strategy for dealing with risks e.g. floods, fires, earthquakes, etc. http://www.business.qld.gov.au/business/running/risk-management/risk-management-plan-business-impact-analysis
http://www.business.qld.gov.au/business/running/risk-management/risk-management-plan-business-impact-analysishttp://www.business.qld.gov.au/business/running/risk-management/risk-management-plan-business-impact-analysis
http://www.business.gov.au/BusinessTopics/emergencymanagementandrecovery/pages/default.aspxhttp://www.business.gov.au/BusinessTopics/emergencymanagementandrecovery/pages/default.aspx
sponsorship • Sponsorship is defined as an investment which yields a commercial return for the sponsor. • A sponsorship strategy is a document that outlines the target markets, objectives for sponsorships and specific strategies to achieve these goals. • This document is closely linked to the marketing strategy.
http://www.sponsorshiphq.com/templates/shq/page/page_standard.php?secID=73http://www.sponsorshiphq.com/templates/shq/page/page_standard.php?secID=73
pestle analysis A tool by which the business environment is evaluated to determine the suitability of the current environment prior to starting a new business. It is an environmental scan which considers the following factors: • Political: e.g. government policies • Economic: e.g. home/overseas economy situation & trends • Social: e.g. lifestyle trends • Technological: e.g. technological advances • Legal: e.g. current/future legislation • Environmental: e.g. environmental legislation http://pne-development.org/store/1335358241.158LID0.pdf
PESTLE = Political, Economic, Social, Technological, Legal, Environmental Factors (in Australia)
swot analysis • A SWOT analysis is used to identify the internal and external factors which will affect a business in both a positive and negative way. • Internal factors are strengths and weaknesses and external factors are opportunities or threats. • It can be used to help assess a proposed new purchase of a business.
http://www.business.qld.gov.au/business/starting/market-customer-research/swot-analysis/example-swot-analysishttp://www.business.qld.gov.au/business/starting/market-customer-research/swot-analysis/example-swot-analysis
Nielsen Australia: Market Research Company -News & Reports- http://au.acnielsen.com/site/index.shtml
IBISWorld: Market Research Company www.ibisworld.com.au/industry/home.aspx
Australian Trade Commission: Austrade http://www.austrade.gov.au/Invest/Reports-Resources
2013 Benchmark Report This report from the Australian Trade Commission provides a comprehensive overview of Australia's performance across a wide range of economic and social indicators.
Finally, Library Books on Business Plans - for background information Call Number: 658.4012
For further assistance: Contact me via email:nancy.stokes@central.wa.edu.au