5.4 INSURANCE 5.5 LEASES 5.6 EMPLOYEES 5.7 FINANCIAL 5.8 WORK HEALTH AND SAFETY WHS RISK LIKELIHOOD IMPACT STRATEGY LEGAL CONSIDERATIONS 5.9 RISK MANAGEMENT RISK DESCRIPTION INTERNAL OR EXTERNAL RISK INT / EXT LIKELIHOOD VL/L/M/H/VH IMPACT VL/L/M/H/VH PRIORITY VL/L/M/H/VH PREVENTATIVE ACTION (Risk Management Strategy) CONTINGENCY PLANS
5.10 COMPLIANCE RESEARCH Where would you go to find the information? ACTION How would it apply to a business scenario? Note: you currently are not in business please use a simulated business 1 Racial Discrimination Act (example provided) Prohibits discrimination on the basis of race - website: Commonwealth Consolidated Acts Let all employees know that racial discrimination will not be tolerated in the workplace. 2 Sex Discrimination Act 3 Age Discrimination Act 4 Disability Discrimination Act 5 Australian Taxation Office (ATO) 6 Australian Competition and Consumer
Technical standards applying to the business Responding to goods and services not being provided in accordance with requirements 6. OPERATING PLAN 6.1 LOCATION 6.2 PRODUCTION 6.3 SYTEMS & PROCESSES 6.4 COMMON INDUSTRY STANDARDS OPERATIONAL FEATURE WHAT ACTIONS NEED TO BE PUT IN PLACE TO DEVELOP YOUR BUSINESS Cost (example provided) Ensure costs are kept relative to what the market or clients are prepared to pay so that you are not out-costed (making an on-going loss) from producing the product or service Quality (example provided) Ensure that to maintain the quality of the product or service, costings are reviewed and the necessary on-charging to clients is considered and determined (i.e. any required change or increase in price that the product is sold for) Wastage (example provided) Ensure are educated and trained on correct procedures and techniques/tools for producing the product and how to ensure the raw materials and resources involved in the production process are used efficiently and effectively Flexibility
6.10.2 MANAGING STOCK STOCK CONTROL SYSTEM ADVANTAGES DISADVANTAGES YOUR COMMENTS Increasing stock level Keeping lots of stock Keeping little/no stock – ordering as needed 6.11 PERFORMANCE MEASURES 6.11.1 GENERAL ASSESSMENT ITEM YOUR COMMENTS/SUGGESTIONS 1 What is a qualitative measure? 2 What is a quantitative measure? 3 How will you monitor your business’ performance?
6.12 OTHER PRACTICALITIES OTHER REQUIREMENTS COMMENTS/SUGGESTIONS 1 Technology 2 Trading Hours 3 Communication Channels 4 Credit Policy 5 Warranties & Refunds 6 Quality Control 7 Memberships & Affiliations 8 Growth 6.13 QUALITY ASSURANCE QUALITY ASSURANCE SYSTEM IN YES/NO ACTION (Corrective) 1 Quality system 2 Quality assurance
3 Quality control 4 Quality management 7. RESOURCES (STAFF) PLAN 7.1 STAFF PROJECTIONS NAME POSITION SKILL AND EXPERIENCE REQUIRED JOB DESCRIPTION 7.2 SUB-CONTRACTORS AND SPECIALIST ADVISERS 7.2.1 SPECIALIST SERVICES ** ** If you currently do not engage services, please research potential services that you may use in the future. SPECIALIST SERVICES/SOURCES OF ADVICE WHY REQUIRED COST
(e.g. by area, product, store, customer type, distribution method) Total $ Vol. (units) Market % Total $ Vol. (units) Market share % Total $ Vol. (units) Market share % Total sales ($) $ $ $ 8.8 SOURCES OF FINANCE FINANCIAL OBJECTIVES COMPLETED ACTION SOURCES AND COSTS OF FINANCE COMPLETED ACTION