Plan and manage an enterprise venture

This standard is for intrapreneurs who pal and manage an enterprise venture. To do this you need to plan an enterprise venture from idea and manage the organisation. It requires gaining commitment from others, maintaining communication between members of the team to ensure the idea is moved forward, planning and deploying resources, reviewing performance of the members of the team in development and delivery of the venture and supporting the development of others in the team to address areas of underperformance. It is recommended for professionals who are looking to make a positive, proactive and sustained difference to the enterprise venture.

For the purposes of this standard, an 'organisation' can mean an independent entity such as a private sector business, a local authority, a social enterprise, a charitable or voluntary organisation, or a significant operating unit, with a relative degree of autonomy, within a larger organisation. It can also refer to a formal partnership where two or more organisations are working together towards common goals. A 'venture' refers to an idea for a new activity, development or project which will make a difference to the economic and/or social performance of the organisation. 'Business environment' refers to the organisation's external and internal environment.

1. obtain commitment from colleagues and stakeholders for managing the delivery of the venture
2. confirm the staff resources for supporting the development and delivery of the venture
3. arrange the financial and other resources required for the development and delivery of the venture
4. calculate the finances required and potential income and expenditure associated with the venture
5. obtain feedback from colleagues in the organisation around development of the venture
6. develop a plan which will underpin delivery of the venture and confirm it with colleagues and stakeholders
7. agree key measures of success with colleagues and stakeholders
8. assess challenges to delivery of the venture and strategies to address these challenges
9. ensure team members receive the support they need to achieve the venture's vision and goals
10. calculate the financial performance of the venture using the agreed indicators
11. review the colleagues' performance in the delivery of the venture
12. review personal performance in the delivery of the venture
13. obtain feedback from colleagues in the organisation about delivery of the venture
14. evaluate the implications for the organisational structures in taking the venture forward
15. review internal influences on the sustainability of the venture and agree future actions with stakeholders

1. the approaches to managing a venture in an organisation
2. the advantages and disadvantages of these different approaches
3. the benefits and challenges of using colleagues from across the organisation in managing a venture in an organisation
4. why it is important to gain commitment from colleagues and stakeholders for development and delivery of the venture
5. the channels of communication between colleagues in managing the venture and how to use these effectively
6. the structure and presentation of a plan for gaining the commitment from colleagues in relation to deployment and acquisition of resources
7. the internal staff within organisation and external stakeholders for acquisition and deployment of resources
8. how to review the performance of colleagues in the development and delivery of the venture
9. the measures for measuring performance of colleagues in the development and delivery of venture
10. the indicators for measuring financial performance of the venture in the organisation
11. how to calculate financial performance of the venture
12. how to enhance performance of the venture in relation to the outcomes from monitoring and review of its finances
13. the methods of collecting feedback around the development and delivery of the venture
14. why it is important to review personal performance in the development and delivery of the venture
15. the methods of supporting the personal and staff development in relation to ensuring delivery of the venture against the agreed vision and goals