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 …
Tag: Develop and Implement Strategic Plans
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 4 Questions and Answers
Implement Strategic Plan Submission details 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 implement the strategic plan within the organisation, monitor progress and develop a report evaluating the implementation. Assessment description As part of your review, you need to develop a report describing the implementation as measured by the achievement of KPIs, milestones and overall effectiveness. You also need to identify and describe any refinements or improvements that can be made to the implementation Read More …
BSBMGT616 Develop and Implement Strategic Plans Assessment Task 3 Questions and Answers
Write Strategic Plan Submission details 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 develop and document a strategic plan for the organisation based on the research you have conducted. You will also need to communicate the strategic plan to key stakeholders in the organisation. Assessment description Write a strategic plan, including consideration of resource implications, and then circulate to stakeholders. After endorsement from the Board, communicate the plan to employees and describe any implications Read More …
BSBMGT616 Develop and Implement Strategic Plans Assessment Task 2 Questions and Answers
Analyse the Internal and External Environment Submission details 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 complete analyses of the organisational environment to develop an understanding of potential competitors and allies, and the associated risks and benefits. Assessment description Complete a value chain analysis, PEST and SWOT for your organisation, plus analyses of the potential competitors and allies supplied in the case study. Procedure For the provided case study, you are required to complete Read More …