Assessment Task:
Business Management Skills Assessment Answer

Task 1 — Developing and nurturing relationships with clients, other professionals and third-party referrers

George and Mildred now require you to write a plan to assist in developing and nurturing relationships with clients, other professionals and third-party referrers.
Your plan should address the following:

1.    How CCF & MB’s policies and procedures and legislative, regulatory and professional codes of practice impact on developing and nurturing relationships.
2.    How you would use CCF & MB’s social, business and ethical standards to develop and maintain positive relationships.
3.    The importance of confidentiality and how you would maintain it in your dealings with colleagues, clients and other parties. 
4.    How you would adjust your interpersonal style to the needs and situation of other parties.
5.    How you would go about developing and maintaining business and professional networks and other relationships to benefit the organisation; and how you would use them to identify and cultivate relationships in order to promote and market the organisation.
6.    How you could use and cooperate with other professionals and third parties to expand and enhance the reputation of the organisation, and to identify new and improved business practices.
7.    How you would build referral business through appropriate communication channels, to find and secure new business relationships.
8.    How you would identify referral needs and provide information about CCF & MB’s relevant products and services.
9.    How you would secure interviews with referral business so that the needs of clients can be met.

Task 2 — Growing the business

Having considered how you would go about building and nurturing relationships, George and Mildred now require you to turn your attention to marketing and promoting CCF & MB’s business. This requires you to develop a marketing plan for the business.

In developing your marketing plan you should consider the following:

1.    Your plan should be developed in line with CCF & MB’s vision statement. 
2.    The identification of target markets, using a combination of research and your own personal experience.
3.    The identification of your major competitors (at least two) with a competitor analysis developed for each competitor.
4.    The identification of CCF & MB’s market position, based on your research findings and analysis.
5.    How you would promote CCF & MB’s brand and the tools you would use to achieve this.
6.    The provision of options for increasing yield per existing client.
7.    How you would implement your plan and monitor it to ensure objectives/goals/performance indicators are being met.
8.    How you would adjust your plan if required.

Task 3 — Identifying risk and applying risk management processes 

George and Mildred have become very concerned about the potential risks that could jeopardise 
CCF & MB’s business operations. They were very impressed with your growth and marketing plans for 
CCF & MB so they have now moved you into more of a general manager’s role with expanded responsibilities, including managing CCF & MB’s risk. As part of your new responsibilities, you are required to develop a risk management plan.

In producing this plan you are required to:

1.    establish the context for CCF & MB’s risk management plan
2.    list and explain the tools you will use in assessing the risks you identify
3.    identify the stakeholders you would consult in establishing context and the tools you would use in identifying CCF & MB’s risks
4.    identify at least two risks that CCF & MB could face for each of the six categories of business risk including strategic risks, compliance risks, financial risk, operational risks, market and environmental risks and reputational risks with an appropriate risk statement for each identified risk
5.    conduct a risk analysis and risk evaluation for the risks you have identified
6.    identify treatments for them
7.    how you will monitor and review them in your risk management plan.

Task 4— Improving the business

Over the last few months business for CCF & MB has been very good with a number of new clients coming on board as a result of implementing your business growth and marketing plans. However, neither you nor the business owners are satisfied with maintaining the status quo; as you and they are committed to a program of continuous improvement. 

You all feel that CCF & MB’s competitive advantage needs to be strengthened and a SWOT should be undertaken to establish CCF & MB’s strengths and weaknesses including benchmarking the business against the industry. You now decide that you will carry out a diagnosis of the business including a SWOT analysis and a benchmarking exercise to improve CCF &MB’s competitive advantage and its business. You are to produce a document covering your diagnosis, which will be distributed amongst CCF & MB’s key personnel.

As a minimum, your document should cover the following:

1.    The data you have used as part of your diagnosis to identify CCF & MB’s competitive advantage. 
2.    A SWOT analysis to identify CCF & MB’s strengths and weaknesses, its threats and opportunities.
3.    How you identified and sourced relevant benchmarking data. 
4.    How you selected the key indicators (and who you consulted with) for your benchmarking exercise. 
5.    A consolidated list of the areas for improvement you have identified with a cost-benefit ratio established for each of them.
6.    Recommendations on the changes that may be required that will affect existing workflows or 
CCF & MB’s organisational structure
7.    A high-level action plan that will implement and monitor the recommended changes to be made.

Task 5 —Managing people performance

One of your key responsibilities as general manager is to develop and implement ways to improve the performance of CCF & MB’s consultants and other staff members. 

Answer the following questions:

1.    Why is it important to consult with stakeholders when allocating work? What are the possible consequences of allocating work without consultation?
2.    Describe the process you might follow when developing quantitative and qualitative performance criteria. You should explain how you ensure that the criteria relate to CCF & MB’s objectives and how to motivate staff members to achieve these objectives.
3.    Describe the different ways you might gather information about a staff member’s workplace performance.
4.    What are the benefits of evaluating and monitoring staff members on a continuous basis?
5.    Describe how you might do this for CCF & MB.
6.    Why is it important to document the performance management process? Explain the possible consequences of not retaining appropriate records of this process.
7.    How can reward and recognition influence the work output of employees? Describe non-financial ways of motivating employees.
8.        Design a high-level performance management process for CCF & MB to be rolled out to all staff members. 
9.        Who should you consult when designing the performance management process? List who you would consult and the reasons why.
10.        Develop a checklist for delivering regular performance appraisals, including a section for team leaders and supervisors to complete a section for team members participating in the performance appraisal process.


Task 6 — Showing leadership in the workplace

Leadership is defined as the ability to influence others. This assessment task requires you to reflect on your own ability to positively influence others in the workplace and the negative aspects of poor leadership.

1.    Reflect on a situation where you have had a positive impact in the workplace. Please include in the reflective writing the skills, decisions and/or behaviours you demonstrated that contributed to this positive change and what the impact was for the team, clients and the organisation. 
2.    Reflect on a situation which was or could have been damaging to the organisation. Please include the behaviours, standards or values that were demonstrated and explain why they were detrimental. 
3.    In your role as the general manager of CCF & MB create your own personal performance plan. 

You may use your own personal performance plan or alternatively you can use the example below. In developing your personal performance plan, you should ensure that your personal KPIs reflect 

CCF & MB’s goals and objectives and how you can help in building CCF & MB’s integrity and credibility. 

 

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  • Uploaded By : Mitchell Lee
  • Posted on : January 07th, 2019

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