Develop and implement strategic plans

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Assessment Activity 1

BSBMGT616A Develop and implement strategic plans

Use the below checklist to answer Part A- Assessment Activity.

You need to make sure you consider all of these elements within your answers.

To make sure you cover all elements, record in which activity you included the element.

(This is also used by the trainer as a marking guide on what you are being assessed against).

Learning Outcomes

Competencies covered in:

(List the Activity which you have addressed the criteria)

Element 1 – Confirm organisational vision and mission

You need to demonstrate evidence that you:

Check with stakeholders that organisational vision and mission are still held to be current and are supported

Make any changes or refinements to vision or mission statement as required

Review or develop organisational values to support the vision and mission statement

Gain support for strategic planning process from all relevant stakeholders

Element 2 – Analyse the internal and external environment

You need to demonstrate evidence that you:

Determine information requirements and undertake or commission research to deliver relevant information

Analyse political, economic, social, and technological developments in a global context

Seek advice from appropriate experts wherever necessary

Identify and consider strengths and weaknesses of existing and potential competitors and allies

Analyse organisation’s strengths, weaknesses, opportunities and threats

Consider co-operative ventures that are supported by risk and cost-benefit analyses, are consistent with the organisational vision, mission and values, and provide for due diligence

Check that analysis of internal and external environment is consistent with the perspectives of other informed people

Element 3 – Write strategic plan

You need to demonstrate evidence that you:

Document relevant research and background for inclusion in the strategic plan

Formulate strategic objectives and strategies needed for the future

Detail each strategy with an assigned priority, a timeframe, responsible parties and measurable performance indicators

Circulate strategic plan for comment, support and endorsement

Element 4 – Implement strategic plan

You need to demonstrate evidence that you:

Communicate strategic plan to all relevant parties

Brief people with a specific role in relation to strategies

Use performance indicators to monitor progress in implementing plan

Make necessary refinements to plan

Evaluate achievement of objectives at agreed milestones

Review effectiveness of plan and consider methods for improving strategic planning processes

PART A – ASSESSMENT ACTIVITY 1 – Case Study

BSBMGT616A Develop and implement strategic plans

Identify and select an organization or your current workplace:

Prepare a thorough analysis of your organisation’s capabilities; strengths and weaknesses of its existing and potential competitors and allies; and the external environment

Design, develop and implement a strategic plan which aligns to the organisation’s vision and mission. Include objectives, strategies, timeframes, performance indicators and methods for monitoring implementation of the plan.

How do you ensure the organisational objectives and strategies proposed in your strategic plan are financially viable to be implemented by the company? What measures would you use in monitoring implementation of the strategies?

Include in your strategic plan:

Risk and cost-benefit analyses

Priorities, timeframe, performance indicators, responsible parties

Use the module checklist as a guide and address the criteria as stated for each element.

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