Chapter Name: Develop and assess business proposals
Description:The module is designed to provide learners with the knowledge and skills needed to create and evaluate business proposals effectively. This module covers the fundamental components of a business proposal, including market research, financial projections, resource allocation, risk analysis, and strategic planning. Learners will explore the processes involved in developing clear and compelling proposals that address business opportunities or challenges. Additionally, the module emphasizes how to assess the feasibility and potential of business proposals by analyzing their viability, alignment with business goals, and potential return on investment (ROI).
Purpuse:The purpose of this module is to equip learners with the skills required to develop, present, and assess business proposals with a focus on supporting business growth and strategic decision-making. By mastering the creation and evaluation of business proposals, learners will be able to make informed recommendations for new business ventures, partnerships, or investments. The module aims to provide learners with the tools to critically assess the potential impact of proposed business initiatives and ensure that they align with organizational goals and objectives.
Rational:The rationale for this module is based on the importance of developing sound business proposals to seize growth opportunities and secure financial backing for new initiatives. In today’s competitive business environment, successful business expansion and growth depend on the ability to identify promising opportunities and articulate a strong business case. Well-developed proposals help secure funding, attract strategic partners, and guide business operations toward profitable outcomes. By learning how to assess proposals effectively, learners will gain the skills to determine the feasibility of business opportunities, manage risks, and ensure the proposed plans are both practical and aligned with long-term business objectives
Chapter Assessment
Scope of Practical Skill
Key Requirement 1: Relevant and viable business opportunities identified and reflected in the business concept
Learners are expected to propose a business concept based on opportunity identification and feasibility analysis.
Assessment Questions
Assessment 1 : Identify business opportunities
Learners must identify potential business opportunities for growth, expansion, or improvement based on market analysis and business trends.
Assessment 2 : Prepare a business concept
Learners need to prepare a detailed business concept for the identified opportunity, outlining key elements like the business model, target market, and unique selling proposition.