{"id":1621,"date":"2019-05-30T06:44:55","date_gmt":"2019-05-30T06:44:55","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=1621"},"modified":"2020-01-16T20:14:30","modified_gmt":"2020-01-16T20:14:30","slug":"bsbmgt616-develop-and-implement-strategic-plans-assessment-task-4-questions-and-answers","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/bsbmgt616-develop-and-implement-strategic-plans-assessment-task-4-questions-and-answers\/","title":{"rendered":"BSBMGT616 Develop and Implement Strategic Plans Assessment Task 4 Questions and Answers"},"content":{"rendered":"<h2 style=\"text-align: center;\"><strong>Implement Strategic Plan<\/strong><\/h2>\n<h3><strong>Submission details<\/strong><\/h3>\n<p>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.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/assignmenttask.com\/answers\/bsbmgt616-develop-and-implement-strategic-plans-assessment-task-4-questions-and-answers\/\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-2275 lazyload\" data-src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/05\/BSBMGT616-Develop-and-Implement-Strategic-Plans.jpg\" alt=\"BSBMGT616 Develop and Implement Strategic Plans\" width=\"518\" height=\"196\" data-srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/05\/BSBMGT616-Develop-and-Implement-Strategic-Plans.jpg 365w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/05\/BSBMGT616-Develop-and-Implement-Strategic-Plans-300x113.jpg 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/05\/BSBMGT616-Develop-and-Implement-Strategic-Plans-360x136.jpg 360w\" data-sizes=\"(max-width: 518px) 100vw, 518px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 518px; --smush-placeholder-aspect-ratio: 518\/196;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-2275 \" src=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/05\/BSBMGT616-Develop-and-Implement-Strategic-Plans.jpg\" alt=\"BSBMGT616 Develop and Implement Strategic Plans\" width=\"518\" height=\"196\" srcset=\"https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/05\/BSBMGT616-Develop-and-Implement-Strategic-Plans.jpg 365w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/05\/BSBMGT616-Develop-and-Implement-Strategic-Plans-300x113.jpg 300w, https:\/\/assignmenttask.com\/answers\/wp-content\/uploads\/2019\/05\/BSBMGT616-Develop-and-Implement-Strategic-Plans-360x136.jpg 360w\" sizes=\"(max-width: 518px) 100vw, 518px\" \/><\/noscript><\/a><\/p>\n<h3><strong>Performance objective<\/strong><\/h3>\n<p>In this assessment, you are required to implement the strategic plan within the organisation, monitor progress and develop a report evaluating the implementation.<\/p>\n<h3><strong>Assessment description<\/strong><\/h3>\n<p>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\u00a0 also need to identify and describe any refinements or improvements that can be made to the implementation process.<\/p>\n<p>Once your report is completed, you are to present the report to relevant stakeholders, seeking feedback and input.<\/p>\n<h3><strong>Procedure<\/strong><\/h3>\n<p>From the case study information provided, you need to develop a progress report with information provided under the following headings.<\/p>\n<ol>\n<li>KPI progress<strong>: <\/strong>Review and describe the progress of the strategic plan, according to each of the identified performance indicators.<\/li>\n<li>Milestone progress: Evaluate the achievement of identified objectives against the established timeline milestones for the strategic plan.<\/li>\n<li>Overall progress: Evaluate and describe the overall effectiveness and progress of the strategic plan.<\/li>\n<li>Improvements: Make necessary refinements to ensure continued achievement of the plan; describe methods for improving strategic planning processes.<\/li>\n<\/ol>\n<p>Once the report is completed, draw up a communication plan outlining:<\/p>\n<ul>\n<li>who the audience will be<\/li>\n<li>what resources will be needed<\/li>\n<li>the delivery timeframes<\/li>\n<li>the content of the presentation (can be in a PowerPoint presentation or similar medium).<\/li>\n<\/ul>\n<p>Then deliver the information session to the relevant audience (your assessor and fellow classmates).<\/p>\n<h3><strong>Specifications<\/strong><\/h3>\n<p>You must submit:<\/p>\n<ul>\n<li>a completed progress report, as described above<\/li>\n<li>a presentation and communication plan.<\/li>\n<\/ul>\n<h3><strong>Case Study<\/strong><\/h3>\n<p><strong>Objective 1 <\/strong>\u2013 To sell and service MacVille espresso coffee machines in every state of Australia in the next five years. All states have a MacVille machine, apart from the Northern Territory, where it took some time to get an agent, and an experienced espresso machine repairer has not yet been found to take on the job due to the attractiveness of mining industry pay rates.<\/p>\n<ul>\n<li><strong>Strategy (a) <\/strong>\u2013 Sign, action and establish the strategic alliance agreement with Java Estate.<\/li>\n<\/ul>\n<p>KPI (plan) \u2013 200 machines installed p.a.<\/p>\n<p>KPI (actual) \u2013 Agreement signed within the time limit and actioned, but only 180 machines installed in the past 12 months. There was a slower uptake in Northern Territory and North Queensland, due to the tourist slump with the strong Australian dollar.<\/p>\n<ul>\n<li><strong>Strategy (b) <\/strong>\u2013 Establish a MacVille Melbourne warehouse.<\/li>\n<\/ul>\n<p>KPI (plan) \u2013 MacVille opens in Melbourne within two years after Sydney opens for business.<\/p>\n<p>KPI (actual) \u2013 Melbourne warehouse is still not open. It is currently being run on the more expensive agency model.<\/p>\n<ul>\n<li><strong>Strategy (c) <\/strong>\u2013 Set up agents in other states and outsource maintenance contracts.<\/li>\n<\/ul>\n<p>KPI (plan) \u2013 Agent agreements and outsource maintenance contracts for South Australia, Western Australia, Northern Territory, Tasmania, ACT.<\/p>\n<p>KPI (actual) \u2013 Still no service contractor for Northern Territory. All others met the deadline, although agents in Western Australia, Tasmania and Northern Territory were very expensive.<\/p>\n<p><strong>Objective 2 <\/strong>\u2013 To increase profit margins by 5% from our benchmark in the next five years. Profit margins have improved by 2% in the last two financial years. Some agent contracts and outsourcing contracts are very expensive.<\/p>\n<ul>\n<li><strong>Strategy (d) <\/strong>\u2013 Instigate bulk buying negotiations to reduce supplier<\/li>\n<\/ul>\n<p>KPI (Plan) \u2013 100% of purchase by the container load.<\/p>\n<p>KPI (Actual) \u2013 100%. Volumes have increased to the point that all orders fill a container. KPI achieved in quicker time due to the initial increase in demand.<\/p>\n<ul>\n<li><strong>Strategy (e) <\/strong>\u2013 Operate all departments at optimum capacity and productivity.<\/li>\n<\/ul>\n<p>KPI (plan) \u2013 Wages to turnover ratio of 12.5%.<\/p>\n<p>KPI (actual) \u2013 13.8%. Some states still underperforming. Strategy still in line with timetable.<\/p>\n<p><strong>Objective 3 <\/strong>\u2013 To establish the MacVille brand recognition in our key markets over the next five years. After two fiscal years, 50% of our target market recognise the brand and 87% of those responding said the brand reaction was very positive.<\/p>\n<ul>\n<li><strong>Strategy (f) <\/strong>\u2013 Establish social, internet and networking marketing.<\/li>\n<\/ul>\n<p>KPI (plan) \u2013 10,000 clicks per day on the website.<\/p>\n<p>KPI (actual) \u2013 12,000 clicks per day. Achieved in half the time allocated. SEO specialist contractor very experienced.<\/p>\n<ul>\n<li><strong>Strategy (g) <\/strong>\u2013 Join with Java Estate in co-branding cups and cafe<\/li>\n<\/ul>\n<p>KPI (plan) \u2013 100% of cafes with our machine, using our cups.<\/p>\n<p>KPI (actual) \u2013 Survey reveals only (50%) uptake. Design and colours not attractive. Strategy introduced within timeframe.<\/p>\n<p><strong>Objective 4 <\/strong>\u2013 To reduce our waste and energy use by 10% from our benchmark within the next five years. After two fiscal years, the reduction is 8% lower than original financial year benchmarks.<\/p>\n<ul>\n<li><strong>Strategy (h) <\/strong>\u2013 Set up innovation and reward programs for reducing waste use.<\/li>\n<\/ul>\n<p>KPI (plan) \u2013 25 suggestions per year; 6 new innovations introduced per year in relation to reducing waste.<\/p>\n<p>KPI (actual) \u2013 30 suggestions and 8 new innovations, leading to a significant reduction in waste. Introduced within designated timeframe.<\/p>\n<ul>\n<li><strong>Strategy (i) <\/strong>\u2013 Develop and implement energy use awareness campaign.<\/li>\n<\/ul>\n<p>KPI (plan) \u2013 kW per use per person to drop to 10kW.<\/p>\n<p>KPI (actual) \u2013 12kW per person. Introduced too late in the year and not rolled out across the whole organisation.<\/p>\n<p>&nbsp;<\/p>\n<blockquote><p><a href=\"https:\/\/assignmenttask.com\/\"><strong>AssignmenTask.com<\/strong><\/a> has a team of more than 3000+ MBA\/PhD expert writers that make future of million students from UK, US and Australia. Be it your online <a href=\"https:\/\/assignmenttask.com\/assignment-help\/\"><strong>best assignment help<\/strong><\/a>, <a href=\"https:\/\/assignmenttask.com\/essay-help\/\"><strong>custom essay help<\/strong><\/a> or <a href=\"https:\/\/assignmenttask.com\/dissertation-help\/\"><strong>dissertation writing services<\/strong><\/a>, Assignment Task is the one-stop solution for all.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>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\u00a0 also need to identify and describe any refinements or improvements that can be made to the implementation <a href=\"https:\/\/assignmenttask.com\/answers\/bsbmgt616-develop-and-implement-strategic-plans-assessment-task-4-questions-and-answers\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2358],"tags":[1369,1394,1395,1379,1376,1396,1397,1384,1391,1393,1392],"_links":{"self":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/1621"}],"collection":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/comments?post=1621"}],"version-history":[{"count":5,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/1621\/revisions"}],"predecessor-version":[{"id":2284,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/posts\/1621\/revisions\/2284"}],"wp:attachment":[{"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/media?parent=1621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/categories?post=1621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttask.com\/answers\/wp-json\/wp\/v2\/tags?post=1621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}