Question? Call Us  +1 (817) 546-4770

BSB61015 Advance Diploma Of Leadership Management

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

Free Samples

BSB61015 Advance Diploma Of Leadership Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

BSB61015 Advance Diploma Of Leadership Management

0 Download9 Pages / 2,145 Words

Course Code: BSB61015
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question

Task 1
You have been given a business plan — Vocational Hotel, attached as Appendix A. You are required to re-write the business plan as the current business plan does not work for the company. You are among the senior management member having your role and responsibility to determine the effective functioning and success of the organisation. Directors are planning to rebrand the company with a complete new mission and vision. The Directors have asked you to identify, review and evaluate their existing business plan and modify it so that new venture can have smooth and profitable business operations. You are also required to oversee the work of other departments. You are required to perform the following tasks as required by the directors: 

Review and evaluate strategic plan
Review and evaluate business plan
Review and evaluate operational plan
Analyse existing mission, vision, values and objectives
Identify stakeholders
Identify product or service strategy, pricing strategy and target market.
Develop KPIs and benchmarks and modify them accordingly if required
Identify financial and human resource requirements for business
What laws and legislation requirements are to be followed as per standards? 

You are now required to communicate new business plan to all stakeholders. You can assume your assessor a stakeholder. You can communicate him verbally. However, the observation sheet attached must be fitted for each student. You also need to ensure that all business reports (financial and non-financial) are in user-friend format. 

Report to directors on any system or product or service failure, and any variance to business plan student has noticed.

Task 2
Your Warehouse Manager has gone on annual leave and you have been given an added responsibility of Ivarchousc tanager. You have ex. aluated the current performance and targeted performance. You are now required anal :c the performance report against planned objectives to increase its productivity efficicncy.

Answer

Leadership Management

Task 1
Review and evaluate the strategic plan
In the existing business plan of Vocational Hotel, it can be identified that the management has focused on aggressive marketing strategies to attract more customers and improve the performance standard of the business. The company has planned to provide each service that the customers want. However, the management has ignored one of the key factors that are costs, which will be very high if the aggressive marketing strategy is adopted throughout the year. At the same time, continuous aggressive strategy may cause unhealthy competition within the industry.
In this context, it will be better if the company focuses on the aggressive marketing strategy only in the winter because the number of visitor increases in this season. It is because in Australia, winter starts from June and continues until August; in this time, summer vacation goes on in the other parts of the globe (De Queiroz Falcão et al., 2018). Hence, aggressive marketing during this time will be suitable and this will help the organization saving its funds. On the other hand, the company needs to focus mainly on the changing needs of the customers and it requires identifying the common needs of the customers. It will not be possible for the company to satisfy all the customers by providing different specific services; hence, it should focus on some key services like, availability and quality of food, accommodation at a standard price that most of the customers can afford and better transportation services.
Review and evaluate the business plan 
If the overall existing business plan for Vocational Hotel is considered, it can be identified that the business plan is lacking behind in some areas. The management failed to develop perfect mission, vision, values and objectives for the business. These might be the reason behind ineffectiveness of the business plan. Though the management has identified important personnel for the business, it has ignored developing strategies for improving the quality of the existing human resource team. The existing business plan states about the strengths and weaknesses of the company; however, it does not provide any remedies for improving the weaknesses. At the same time, the existing business plan does not have any concrete operational plan that can help in improving organizational operations.
However, here, some suggestions have been provided that can help Vocational Hotel improving their existing business plan as well as business performance.
Review and evaluate the operational plan
If the operational flow chart in the existing business plan is considered, it can be identified that the entire service or product delivery time consumed by the company will be bit longer if the customer is not a prior customer. There should be prior customer segment, but that must not be widely different from the normal segment. This will create dissatisfaction among the normal customers (Assaf et al., 2017). As the number of prior customer is less than the number of normal customer, the company needs to focus on the time consumption in providing and delivering services and products to the normal customers.
The major drawbacks that have been identified in the existing SWOT analysis are higher level of absenteeism and the lack of experience among the managers.  However, the business plan did not focus on improving these two areas. The management at Vocational Hotel can improve the internal operations of the business by recruiting experienced personnel in the managerial positions. At the same time, the management of the company needs to focus on the rewarding system. Providing reward is very important for motivating the employees for better operations (Ampountolas et al., 2018). At the same time proper reward can help the company reducing the level of absenteeism in the organization. The rewarding strategies can be as under:

Family holiday trip for 5 days
Gift voucher
Extra payment

On the other hand, in order to improve the current operations system, the management will follow the lean management technique. Under lean management, the Total Quality Management or TQM will be most suitable for Vocational Hotel. This will help the company reducing the time for delivery the services and products and at the same time, this will also improve service quality by eliminating wastage (Willie et al., 2017).
In this existing business plan, specific operational plan cannot be identified. However, there should be proper operational strategies. The operational strategies will include the followings:

Developing core-competency through skilled staffs and improved quality services
Implementation of computer-based supply chain system is also important. The supply chain must not include any time consuming procedure and can delay the service delivery.
Prioritizing the activities on daily basis is also important because it will make the business procedure systematic and will help to minimize the waste level.
Implementation of TQM technique is very important because it will help to improve the service and product quality.

Analyse the existing mission, vision, values and objectives
The existing mission of the business states that the company wants to be the number one hotel to the visitors in Melbourne. However, if the existing mission is critically analyze, it will be identified that the mission does not state how the company will be the most preferred hotel to the customers. The mission statement of the hotel must be as follows:
Mission – To be the most preferred hotel in Melbourne by providing specialized and customized services at affordable price range
Vision – To make the people feel and enjoy the natural beauty and culture in Melbourne and other areas in Australia
Values – The hotel will follow five core values of business – leadership, ownership, teamwork, integrity and hospitality.
Objectives – The objectives of the business needs to be measurable and attainable. The objectives will include the followings:

To enhance the revenue level at least by 10% in each accounting year
To maintain the cost of sales maximum at 70% of total revenue
To enhance the number of customers by 20% in every year
To enhance profitability at least by 10% in every accounting year by offering luxury Ski accommodation
To maintain the employee base including 80% employees with good experience in the same field

Identify stakeholders
The existing business plan of the hotel does not include any information about the stakeholders of the business. However, stakeholders’ identification is very important for developing an efficient business plan. For improving the business, Vocational Hotel needs to focus on the following stakeholders:

Owners
Management
Staffs
Creditors
Government
Customers
Investors

Identify products or services strategy, pricing strategy and target market
In the existing business plan, it has been identified that Vocational Hotel will deal with different types of products or services like, 120 AC rooms with underground parking, pool gymnasium, luxury shopping, roof-top helipad, tennis court, business centre long with food store, Ski rental and front desk service. However, the product line in the existing business plan did not consider the exact transportation facility that the customers will receive by availing the services of Vocational. The existing service or product line will include 24X7 car transportation services in between hotel and nearest airport or railway station.
The existing business plan of the company does not include any specific pricing strategy; however, in order to improve the financial performance of the company, the management must follow a specific pricing strategy. The pricing strategy of Vocational Hotel must be based on the cost-led pricing strategy. It means the price should be determined by identifying the total cost and adding up a certain percentage of profit on the cost (Mohammed and Rashid, 2018).
As per the existing business plan, the target market of Vocational Hotel includes two types of customers – Skiers and Summer Visitors. The segments are okay for the business. However, in order to identify the most suitable target market, the company needs to follow the STP model. Proper segmentation, targeting and positioning is important for business growth (Kantola et al., 2017).
Develop KPIs and benchmarks and modify them accordingly if required
KPIs – The KPIs of the business must be the followings:

Number of orders processed per day
Number of training session arrange by the company in each year
Changes in the customers’ satisfaction level
Number of orders due

Benchmark:

Minimum 100 orders per day must be processed
The company must arrange training session quarterly basis
Number of repeat purchase at least 2 times in every year
There must not be any due orders

Identify financial and human resource requirements for the business
If the existing business plan for Vocational Hotel is considered, it can be identified that from 2016 to 2018 the gross profit, net profit and revenue are in increasing trend. However, in this context, it is important to be mentioned that the percentage increase in the net profit of the company was not much high. In 2017, the net profit percentage was 12.48%, which increased to 13.60% in the next year. However, as per the new business objectives, the net profit percentage of the company must be increased at least by 10% in each accounting year. In order to achieve this standard, the company needs to focus on cost control strategies. It needs to reduce the direct and indirect costs of the business. On the other hand, the company also needs to enhance the current assets level to improve the liquidity and working capital management of the business. Cash flow also needs to be enhanced by 30% more for achieving better financial position.
As the company is facing huge problem related to its human resource, it needs to improve the quality of its human resource. The company needs to recruit more experienced candidates for the managerial positions (Mohammed and Rashid, 2018). At the same time, it needs to provide better training to the employees, so that they can learn many things that can enhance their employment opportunities. Moreover, proper rewarding system must be implemented for enhancing employee retention rate within the company.
What laws and legislation requirements are to be followed as per the standards?
In order to perform a business successfully in Australia, Vocational Hotel must follow the following laws and legislations:

Corporation Act 2001
Fair Labour Standards Act 1938
EnvironmentProtection and Biodiversity Conservation Act 1999
Standards provided  by Australian Accounting Standard Board

Task 2
If the current performance is compared with the targeted performance, it can be identified that average processing time taken by each employee at Vocational Hotel is 8 minutes higher than the targeted time. This is indicating inefficiency of the employees. At the same time, the average cost to process an order is also high than the targeted cost. It means while processing, the total cost of the company is increasing more than it should be. It is indicating the waste level of the company is high. This is causing declination in the income level. Quality error rate is extremely high, which means the customers’ dissatisfaction level is high at this organization. This is a major barrier for the future growth of the company. Production average number of orders processed per day is lower than the target. It means the production at the company is lower than the standard level. This is creating barriers to the revenue growth of the company.
Therefore, from the overall analysis of the employees’ performance, it can be stated that the employees or human resource team of the hotel is inefficient. The human resource department needs to develop better strategies for improving the performance standards of the employees. However, this situation can also be improved by considering the following suggestions:

Implementation of TQM technique
Better training for the employees
More efficient supervision
Better production strategies

Reference list
Ampountolas, A., Shaw, G. and James, S., 2018. Active Learning to Improve Self-Confidence and Decision-Making Skills Through the Use of Hotel Simulation. Journal of Hospitality & Tourism Education, pp.1-14.
Assaf, A.G., Josiassen, A., Woo, L., Agbola, F.W. and Tsionas, M., 2017. Destination characteristics that drive hotel performance: A state-of-the-art global analysis. Tourism Management, 60, pp.270-279.
De Queiroz Falcão, R.P., de Castro, A.R.C., do Nascimento, E.S., da Silva Barboza, T. and Ferreira, J.B., 2018. Improving business performance of budget hotels through social media. REVISTA ACADÊMICA OBSERVATÓRIO DE INOVAÇÃO DO TURISMO, 12(1), pp.45-65.
Kantola, J.I., Barath, T. and Nazir, S. eds., 2017. Advances in Human Factors, Business Management and Leadership: Proceedings of the AHFE 2017 International Conferences on Human Factors in Management and Leadership, and Business Management and Society, July 17− 21, 2017, The Westin Bonaventure Hotel, Los Angeles, California, USA (Vol. 594). Springer.
Mohammed, A. and Rashid, B., 2018. A conceptual model of corporate social responsibility dimensions, brand image, and customer satisfaction in Malaysian hotel industry. Kasetsart Journal of Social Sciences, 39(2), pp.358-364.
Willie, P.A., Connor, D., Sole, J., Forgacs, G., Grieve, R. and Mueller, J., 2017. Human capital challenges in the hotel industry of Canada: finding innovative solutions. Worldwide Hospitality and Tourism Themes, 9(4), pp.402-410.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 9 pages

PAY 6 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Advance Diploma Of Leadership Management. Retrieved from https://myassignmenthelp.com/free-samples/bsb61015-advanced-diploma-of-leadership-and-management/strategic-plan.html.

“Advance Diploma Of Leadership Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/bsb61015-advanced-diploma-of-leadership-and-management/strategic-plan.html.

My Assignment Help (2021) Advance Diploma Of Leadership Management [Online]. Available from: https://myassignmenthelp.com/free-samples/bsb61015-advanced-diploma-of-leadership-and-management/strategic-plan.html[Accessed 18 December 2021].

My Assignment Help. ‘Advance Diploma Of Leadership Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Advance Diploma Of Leadership Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/bsb61015-advanced-diploma-of-leadership-and-management/strategic-plan.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

MyAssignmenthelp.com has become one of the leading assignment help provider in New York City and Boston. We provide top class auditing assignment help. Not only auditing, but we also cover more than 100 subjects and our writers deal with all types of assignments with utmost expertise. To make writing process faster and accurate, we have segmented our assignment experts’ teams as per their expertise on writing different types of assignments. We guaranteed that students who buy our assignment online get solutions worth their investment.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next

Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog

PROJ6016 Employer Based Project

Free Samples PROJ6016 Employer Based Project .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PROJ6016 Employer

Read More »

PPMP20009 Marking Rubric

Free Samples PPMP20009 Marking Rubric .cms-body-content table{width:100%!important;} #subhidecontent{ position: relative; overflow-x: auto; width: 100%;} PPMP20009 Marking Rubric

Read More »