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ziro4ka [17]
2 years ago
10

Create a development plan for a business management student​

Business
2 answers:
soldier1979 [14.2K]2 years ago
8 0

What is a Professional Development Plan?

A Professional Development Plan (PDP), also known as an Employee Development Plan or an Individual Development Plan, is used to document career goals and set out a strategy on how to meet them.

Creating a PDP takes time and planning. But, writing and implementing a PDP can help you to identify and develop the professional skills needed to reach your goals, and can keep you on the track to success. It’s an important process that helps you achieve your potential, reach your goals and take charge of your professional development.

Now is the time to start thinking about where you want your future to take you.

How to Write a Professional Development Plan

There are 9 steps to completing a PDP:

Assess where you are now.

Identify your specific career goals.

Gather information.

Identify what professional skills you already have and which you need to work on.

Choose how you will accomplish your goals.

Develop a timeline for accomplishing your specific targets and goals.

Write it all down.

Evaluate your plan.

Measure your progress.

nikdorinn [45]2 years ago
3 0

Answer:

1)Set your destination. ...

2)Focus your approach. ...

3)Define your marketing channels. ...

4)Choose KPIs and create dashboards to keep you on track. ...

5)Define your sales process to align with your customer's needs. ...

6)Determine resource needs. ...

7)Share your business development plan with stakeholders.

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Answer:

See below

Explanation:

Given the above information, the average debtor days is computed as seen below.

= Total receivables / Credit sales × 365

Total receivables = $246,000

Credit sales $2,430,000

Then,

Average debtor days

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Hence, it would take 36.95 days on the average for credit customers to pay off their debts during this past year

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The payback period measures how long it takes to recover the amount invested in a capital project. It calculates how long it takes for the cash flows generated from a capital project to be equal to the cost.

For example if a project costs $10,000. It cash flows in year 1,2,3 and 4 are $5000, $3000, $2000, $6000. The payback period is 3 years. If the company has a maximum acceptable payback period of 2 years, then the company won't take on the project because its payback period is more than the maximum acceptable payback period.

If the company has a maximum acceptable payback period of 4 years, then the company would take on the project because its payback period is less than the maximum acceptable payback period.

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Answer:

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