The Understanding business plans credential covers the skills and knowledge required in understanding the importance of developing a business plan to be used as a strategic tool to assist you in focusing on the steps that are to be followed to achieve overall success. 

The Understanding business plans comprises of 2 micro-credential stacked courses of learning, followed by a completion of assessment tasks at the end of each skill level, to test the learner’s knowledge and understanding.

Course Series: 1 of 2

Course Award: Micro-Credential 

Course Duration: 4 Hours Course 

Complexity: Advanced

It comprises 8 lessons of learning, followed by a completion quiz to test your knowledge and understanding.  By the end of this course, you will demonstrate understanding in:

  • The importance of developing and implementing a business plan 
  • How to review and evaluate your pre-existing business, strategic and operational plans to identify if they are relevant and require further attention.
  • Effective communication skills to apply when consulting with key stakeholders
  • How to review your market requirements and understanding your customer’s needs.
  • Developing performance measures and objectives



Course curriculum

  • 1

    Introduction

    • Understanding business plans
  • 2

    Lesson 1

    • Why Develop a Business Plan?
  • 3

    Lesson 2

    • Reviewing and Evaluating Pre-existing Strategic, Business and Operational Plans
  • 4

    Lesson 3

    • Analysing and Interpreting Business Vision, Mission, Values and Objectives
  • 5

    Lesson 4

    • Consulting with Key Stakeholders
  • 6

    Lesson 5

    • Reviewing Market Requirements, Profiling Customer Needs and Researching Pricing Options
  • 7

    Lesson 6

    • Developing Performance Objectives and Measures
  • 8

    Lesson 7

    • Developing Performance Objectives and Measures 2
  • 9

    Lesson 8

    • Considering and Permits or Licenses that may be required for new activities
  • 10

    Test your knowledge

    • Instructions before taking the test

    • Next steps
  • 11

    The boring stuff

    • Learning Vault Copyright Notice