How to Revise OCN NI Level 3 Award in Business Development Skills — Open College Network Northern Ireland Vocationally-Related Qualification Business

Understand how to assess the skills and abilities needed for running your business, Understand how to judge your and other people's ability to deal with potential changes to the business, Understand how to set and monitor your own performance targets

Examiner Tips for OCN NI Level 3 Award in Business Development Skills

• Use SWOT analysis to structure self-assessment.
• Consider case studies of business changes.
• Practice setting SMART targets.
• Use a template to structure your plan.
• Ensure financials are consistent with the narrative.
• Tailor the plan to the intended audience.
• Practice using SWOT and PESTLE analysis frameworks.
• Use real data or case studies to support your evaluation.

Common Mistakes in OCN NI Level 3 Award in Business Development Skills

• Overestimating personal skills without evidence.
• Ignoring external factors that may cause change.
• Setting vague or unmeasurable targets.
• Including unrealistic financial projections.
• Omitting a clear executive summary.
• Failing to update the plan after launch.

Key Marking Points

• Identifies personal strengths and weaknesses relevant to business.
• Assesses ability to handle potential business changes.
• Sets realistic and measurable performance targets.
• Monitors progress against targets and adjusts plans.
• Identify the key components of a business plan.
• Explain how to present a business plan effectively.

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