Analyse the role that planning has in developing new business streams

Analyse the role that planning has in developing new business streams. Use the TOWS matrix to identify a response to a future opportunity or threat. Identify the business planning links between marketing, finance, HR and operations.

Analyse the role that planning has in developing new business streams

Business Development
Unit Aims :
The unit will allow for learners to work  to investigate new business formats and a feasibility assessment for a potential knowledge-based product or service opportunity identified.

This might be undertaken for a new income stream within an existing business or for a new enterprise.

The core unit material will focus on Refining an Idea, Research and Presenting the Plan. All learners will be involved with refining the idea and individual learners will be responsible for doing market research, building a finial plan and creating an operational plan.

The aim of this unit is to provide the learner with the knowledge and skills to research a market and plan a development strategy such as the launch of a new business model, new enterprise, product or service line. Learners will need to fully develop and pitch their business development strategy

Learning Outcomes

Assessment Criteria

1. Firstly, Analyse the role that planning has in developing new business streams
Secondly, Use the TOWS matrix to identify a response to a future opportunity or threat
Thirdly, Identify the business planning links between marketing, finance, HR and operations
2. Conduct research into demand and assess market potential
Further, Produce an ‘opportunities matrix’ that supports strategy development and responses to external threats
Additionally, Use primary and secondary research to define the size of an opportunity
Also, Identify both tangible and intangible resources that exist and those required to support a development strategy
3. Prepare a business model and present a business sales plan
Firstly, Develop a business model to support a development strategy
Secondly, Produce sales measures and key success factors Prepare and deliver a pitch to raise support and finance for a development strategy
Lastly, Take feedback on their development strategy and make improvements