Part 1: Evaluation You are required to answer each question with short answers. List three benefits of gaining support for the strategic planning process from all relevant stakeholders prior to writing and implementing the organisation’s strategic plans. Give examples of risks and risk management strategies relevant to strategic planning including intellectual property rights and responsibilities Outline strategic planning methodologies including political, economic, social and technological (PEST) analysis and strengths, weaknesses, opportunities and threats analysis (SWOT) Identify internal and external sources of information relevant to the organisation’s market, competitors, customer base, vision, values and capabilities Outline techniques for developing organisational values. Read More …
Category: BSBMGT616
BSBMGT616 Develop and Implement Strategic Plans on Analyse the Organisational Environment
This section is about analysing the internal and external environment of your organisation. It includes a section on conducting research on your industry and your organisation’s current status, and how to conduct PEST and SWOT analyses. It also includes a section on how to ascertain your priority issues and manage cooperative venture partnerships. Scenario: Analysing the environment The strategic planning process requires you to understand the environment in which the organisation operates, in order to project the future of the organisation in light of any factors that may affect it. An organisation that wishes to establish itself as a leader Read More …
BSBMGT616 Develop and Implement Strategic Plans Questions and Answers Section 1
Section 1 – Confirm the Vision and Mission This section is about confirming the organisation’s current vision and mission statements as part of the strategic planning process. It includes making refinements to the vision, reviewing core values and identifying key stakeholders who will assist with the process. It also includes a section on understanding how the strategic planning process takes place. Scenario: Review strategic direction The strategic direction of an organisation must be regularly reviewed and evaluated to ensure that it is current, relevant and achievable. As a senior manager, you will be involved in the strategic planning process. This Read More …
BSBMGT616 Develop and Implement Strategic Plans Assessment Task 1 Questions and Answers
Confirm Organisational Vision and Mission The assessment task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor. Performance objective In this assessment, you are required to manage the review of the currency of the organisational vision and mission, make any necessary changes, and communicate the review process to stakeholders in order to gain their support. Assessment description Review the organisation’s vision and values by reviewing the case study information provided, as well as meeting with a key stakeholder in the case study organisation (role-played by your assessor). Read More …