Chapter Name: Apply business performance supervision and monitoring
Description:Learners are introduced to methods and tools for supervising and monitoring business performance.
Purpuse:To develop skills in overseeing business activities and ensuring alignment with objectives.
Rational:Effective supervision and monitoring are critical for identifying issues and implementing improvements.
Chapters Topics
A business performance monitoring tool is selected for use in the new venture.
Identify tools like KPIs, scorecards, or dashboards and explain how they are used to monitor performance in your business.
Supervision practices are evaluated for use in the new venture.
Assess different supervision methods (e.g. delegation, observation, reporting) for their effectiveness in managing a small business.
Marketing expenditure is analysed in accordance with the objectives of the new venture.
Evaluate how marketing spend aligns with business goals, and assess its impact on customer acquisition or brand building.
Business progress is monitored and attributes needing development identified against the project plan.
Track actual progress vs. planned objectives and identify skills, resources, or operational areas needing improvement.