BSBINM601_HANDEEP KAUR (4).docx - BSBINM601 Manage...

This preview shows page 1 - 3 out of 11 pages.

BSBINM601 Manage knowledge and information Assessment Task 2 – Project 1. Write a business expansion briefing report. King Edward VII College Business expansion briefing report Introduction Prepare financial forecasts and forecasts Look at the storage and access systems that can be used Business performance The analysis of the income statement for 3 years shows that there is an increase in revenue and the driving force of gross profit after tax. The evaluation of the exception report indicates that higher incomes are driven by business plans and the amount of students who are currently at their full capacity. Increased labor costs due to additional training to increase academic knowledge.The lease remains the same throughout the year. Expenses such as water, electricity and stationary also increased by 10 percent as predicted. Financial forecast According to the trend analysis, it is expected that the cost will increase by 10 percent, which will be added to the total cost, and the sales revenue of the course will be doubled as the number of students increases. The expectations are based on the introduction of two new campuses. Forecast for 2019 Assumptions: No change in the law, the rate of expense increases to 10 percent, income will double. Net sales: $2,640,000 Total expenses: $1,437,590 Profit or loss: $1,202,410 Forecast for 2020 Net sales: $5,088,000 Total expenses: $2,300,150 Profit or loss: $2,787,850 Staff feedback Staff raise the following issues as threatening as they are related to future growth: Separate performance monitoring system, although policies and procedures are laid down Insufficient training Insufficient communication between staff and executives Performance reviews are not linked to job roles Ask to do things that are above my job description We expect to work longer than expected due to lack of staff Not accepted for effort
Customer Feedback 46.46 percent of the students said that they had a good experience with the college and that they were very happy with the computer systems they received from them in the computer lab. In addition, only 4 percent of the students, about 4%, emphasize the staff's hard work because they are unable to give more time to one-on-one students.Especially students who want to study from a trainer instead of trying to use a computer system But because they are too focused on the trainers because the same problems and issues are highlighted by the employees, then there is a need for urgent action that needs to be taken to achieve good future growth. Business problems and issues Intense competition and the coaching challenge may adversely affect the success of the proposed business expansion. VET Information Formal Networks Training.gov.au Is a national registration for vocational education and training (VET) in Australia. Training.gov.au Is a trusted source of: Nationally Recognized Training (NRT ) which consists of: Training Packages Accredited courses Skill sets The Australian Quality Skills Agency (ASQA) is the national regulatory authority for the Australian education and vocational education sector.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture