Exam (elaborations)
WGU QGT1 Capstone Business Plan Latest Update 2024 with complete solution
- Course
- Institution
WGU QGT1 Capstone Business Plan Latest Update 2024 with complete solution
[Show more]
Seller
Follow
Content preview
WGU QGT1 Capstone Business PlanLatest Update 2024 with complete
solution
Business Planning - --ANSWER---On going and Dynamic
process
Business Team - --ANSWER---People,organization,key info
Stakeholders - --ANSWER---person having a stake or intrest in
business
PGA Professionals - --ANSWER---must be able to engage in
long term strategic planning and link to annual plans and
operating plans
Strategic Planning - --ANSWER---provides long term vision
and destination and does not just focus on current state of
business
,PGA Business Planning Model - --ANSWER---1. Define
Business
2. Assess Current state of Business
3.Develop business goals,Objectives,related strategies
4.Prepare Finacial Forecasts an Budgets
5. Monitor Performace
Defining Business - --ANSWER---Foundation of entire business
planning process.Core values,vision,and mission.
Facility Profile - --ANSWER---Identifies the business
assests,departments,core business areas,demographics,target
customer segements.
Outcomes-Define Business - --ANSWER---
Written,mission,vision and core values.Facility
Description,Market analysis.
Assess the current state of Business - --ANSWER---Gather
fundamental data begin to analyze its current and past
performane. Quantitative and Qualitative used. SWOT also.
Outcomes- Asses Current state of Business - --ANSWER---
Current and past finacial performance,progess towards goals and
,objectives and changes to core business areas and operational
procedures. SWOT is also used.
Develop Business Goals,Objectives,and Strategies - --
ANSWER---Shape objectives,identify specific ways to measure
progress toward objectives and come up with strategies that lead
to success
Outcomes-Develop Business Goals,Objectives,and
Strategies - --ANSWER---Measureable long term goals,short
term objectives,business strategies and operational procedures
designed to accomplish these goals and objectives.
Prepare Finiacial Forecasts and Budgets - --ANSWER---Short
term and long term changes in $$. Creating a finiacial forecast
based projections of revenue,expenses,net income.
Outcomes-Prepare Finiacial Forecasts and Budgets - --
ANSWER---Long term forecast,annual operating budget,cash
flow statement. They are used to guide the facility.
Monitor Performance - --ANSWER---Monitoring and adjusting
operations based on actual performance
, PGA DATA TO FACILITATE BUSINESS PLANNING - --
ANSWER---PGA PERFORMANCE TRAK
PGA ANNUAL OPERATIONS SURVEY REPORTS
PGA ANNUAL COMPENSATION SURVEY REPORTING
TOOL
PGA BEST PRACTICES
PLAY GOLF AMERICA
THE IMPACT OF GOLF
The PGA Business Planning Model - --ANSWER---includes
elements of strategic planning and annual business planning.
Each phase of the PGA Business Planning Model focuses - --
ANSWER---planning processes and planning outcomes.
What is a typical outcome from the initial stage of defining a
business? - --ANSWER---Descriptions of a facility's vision,
values, and mission.
Monitoring performance - --ANSWER---Tracking financial
performance against the plan and making adjustments to
operations
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller doctorEdward. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $21.74. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78834 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now