Level 1 Flashcards
(9 cards)
What is the council’s corporate business plan?
Sets out a number of key issues including support for those in need, inclusive growth and skills and achieving net zero 2040.
How does business planning contribute to the success of a company?
Allow decision making and timeframes for meeting goals.
Name a business plan
strategic, departmental, operational, and corporate
What is a SWOT / PEST analysis?
SWOT - 🔹 Purpose: Helps organisations identify where they stand and how they can improve or defend their position.
PEST - Helps identify external factors that could impact strategic decisions, particularly when entering new markets or responding to global shifts.
When to Use Them
SWOT: Ideal for internal planning and assessing project or company position.
PEST: Best for scanning the external environment and understanding broader influences
Can you tell me about when you have used one in your role?
Refurbishment of a vacant municipal office building for conversion into a multi-agency community hub.
Strengths Good structural condition, central location, strong stakeholder support.
Weaknesses Outdated M&E systems, limited accessibility, high refurbishment cost.
Opportunities Funding available for regeneration; potential long-term lease income.
Threats Planning constraints; rising construction costs; risk of asbestos.
Explain the objectives of the RICS Covid-19 Recovery Business Plan.
The RICS COVID-19 Recovery Business Plan 2020–21 aimed to steer the organisation through the immediate challenges posed by the pandemic and to set a course for a more resilient and future-ready institution.
Why are the RICS consulting on their business plan?
What is this strategic review called?
What is business continuity and why is it important?
Business continuity refers to the processes, procedures, and strategies that an organization puts in place to ensure that critical business functions can continue during and after a disruptive event, such as a natural disaster, cyberattack, power failure, or any other unforeseen crisis.
Important:
Minimizes Downtime:
Protects Reputation:
Ensures Compliance:
Protects Employees and Assets:
Reduces Financial Loss:
Improves Risk Management:
