Chapter Name: Design an action plan for a new venture
Description:This chapter emphasizes the importance of prioritizing tasks based on their urgency and impact, ensuring that critical actions are addressed promptly to facilitate a smooth business launch.
Purpuse:To enable learners to effectively prioritize tasks, ensuring that essential activities are completed first, leading to a more efficient startup process.
Rational:Prioritization ensures that limited resources are allocated to the most impactful tasks, enhancing the likelihood of a successful venture launch.
Chapter Assessment
Expected Supporting Evidence:
Portfolio of Evidence 1: Actions to be taken to establish a business are listed according to priority. - The prioritised action list demonstrates planning capability, showing logical sequencing of steps necessary for starting a business.
Portfolio of Evidence 2: An explanation is given of the reason for the priority assigned to each action. - The rationale validates the prioritisation and reflects analytical decision-making aligned to business objectives.
Portfolio of Evidence 3: Time frames are scheduled for prioritised actions. - Scheduled timeframes reflect time management and resource allocation skills to ensure feasibility.
Portfolio of Evidence 4: Deadlines are determined for scheduled actions. - The establishment of deadlines shows commitment to targets and accountability for deliverables.
Workplace Activities
Activity 1: List actions to establish a business by priority
Learner drafts a step-by-step plan with tasks in logical order
Activity 2: Explain priority reasoning
Learner provides written rationale for each action's position
Activity 3: Set time frames for actions
Schedule each task with realistic deadlines
Activity 4: Determine deadlines
Define target dates for key milestones