WGU QGT1 Capstone Business Plan
Latest 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
Latest 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
