Chapter Name: Develop business plans for the establishment and growth of retail businesses
Description:Guides learners through creating structured business plans including marketing, financials, and operations for retail startups and expansions.
Purpuse:Provide tools and frameworks for drafting viable business plans to support the establishment and scaling of retail operations.
Rational:Empowers learners to develop foundational documents that drive funding, decision-making, and operational planning in retail.
Chapter Assessment
Scope of Practical Skill
Key Requirement 1: Follow implementation steps and review for improvement
Learner will execute steps from the developed business plan and evaluate the outcomes for refinement and scaling.
Key Requirement 2: Analyse the specific situation
Evaluate the current business environment to identify opportunities and challenges.
Key Requirement 3: Identify the appropriate processes that must be used
Determine suitable methodologies for business planning.
Key Requirement 4: Apply the processes and package the findings and
Implement planning processes and compile findings into a coherent business plan.
Key Requirement 5: Follow implementation steps and review for improvement
Execute the business plan and assess its effectiveness.
Assessment Questions
Assessment 1 : Observe and evaluate the extent to which the candidate follows the procedural steps and applies the behavioural processes
The learner is expected to analyse the specific situation when developing business plans for the establishment and growth of retail businesses.
Assessment 2 : Evaluate the level of demonstrated understanding of the theories and concepts that underpin the applied techniques
The learner is expected to identify the appropriate processes that must be used when developing business plans.