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: |
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Check with stakeholders that organisational vision and mission are still held to be current and are supported |
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Make any changes or refinements to vision or mission statement as required |
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Review or develop organisational values to support the vision and mission statement |
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Gain support for strategic planning process from all relevant stakeholders |
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Element 2 – Analyse the internal and external environment You need to demonstrate evidence that you: |
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Determine information requirements and undertake or commission research to deliver relevant information |
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Analyse political, economic, social, and technological developments in a global context |
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Seek advice from appropriate experts wherever necessary |
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Identify and consider strengths and weaknesses of existing and potential competitors and allies |
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Analyse organisation’s strengths, weaknesses, opportunities and threats |
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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 |
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Check that analysis of internal and external environment is consistent with the perspectives of other informed people |
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Element 3 – Write strategic plan You need to demonstrate evidence that you: |
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Document relevant research and background for inclusion in the strategic plan |
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Formulate strategic objectives and strategies needed for the future |
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Detail each strategy with an assigned priority, a timeframe, responsible parties and measurable performance indicators |
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Circulate strategic plan for comment, support and endorsement |
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Element 4 – Implement strategic plan You need to demonstrate evidence that you: |
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Communicate strategic plan to all relevant parties |
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Brief people with a specific role in relation to strategies |
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Use performance indicators to monitor progress in implementing plan |
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Make necessary refinements to plan |
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Evaluate achievement of objectives at agreed milestones |
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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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