Business Level 3m-B5 Unit 4 Business

Unit title: BUSINESS SCM-3M-B5

▪ Option Taken: OPTION B

▪ Assessment Criteria: OPTION B

▪ Name: MARIA ROSA MARCO CABANES

▪ IoSCM Membership Number: 01684

▪ Your email address: [e-mail]

▪ Assessment Criteria File 5/7

▪ Page 1/8

Produce a piece of work which includes the following information; 1. A description of three roles and responsibilities within an organisation you have worked in or studied.

2. An explanation of the importance of a business plan to the running of a business.

3. An explanation of how an individual could contribute to a business plan.
Only very few people within the company do not excel in knowing their KPI’s and what they are expected to do to help the business deliver against its objectives.

By setting clear and realistic objectives for each individual and closely monitoring their performance against the overall delivery, you motivate and inspire people. They become more effective and usually more efficient, which helps deliver the overall plan or strategy for the company.

The setting of clear targets and objectives that are realistic (and innatly SMART) forms the basis of individual management. The reviews and evaluations objectively assess the contribution for each individual within a team.

The business strategy developed needs to be implemented and reviewed. People need to be reviewed. The two need to be coordinated. A business plan needs to be implemented, using an external person to help with this process is a great way to assess the real impact.

There are costs associated with any course of action, the objective is to define the added value from having written the strategy and business planning documents and implement them to realise that value. It then becomes an
Looking at the mission statement we can quite easily draw out some objectives for Sainsbury’s. Using its responsibility or mission statement we can set some objectives for Sainsbury’s:

* To become the Uk's leading supermarket, in Sainsbury’s' mission statement it states that they want to be the consumers widest choice of quality food at fair prices, therefore a wise objective would be to become the Uk's leading supermarket against its competitors Tesco who are currently the top supermarket.

* Increase sales and market share, if Sainsbury’s is to become the Uk's leading supermarket then will need to increase sales and dominate the market. Sainsbury’s and Tesco are aware of the importance of market share and will both fight against each other to gain supremacy.

* Gain excellent quality and service, this way customers will want to come back and then become loyal customers helping Sainsbury’s to increase