Reference no: EM132463621
BSBMGT616 Develop and implement strategic plans - Choice Business College
Performance objective
The candidate will demonstrate the ability to develop a detailed strategic plan for a company and prepare for implementing the plan.
Assignment description
This Assignment consists of preparing a report that consisting of developing and implementing a strategic plan of a company. You may consult with your trainer/assessor if any additional support and guidance is required.
Procedure
You have been employed by Canterbury Renovations, which is a start-up cabinet making business. Your role is to help develop and implement the company strategic plans that support the direction and aspirations of the business.
You are to obtain a copy of the business plan from your employer (who will be role-played by your assessor), and read it carefully. Once understood, you are to arrange a time to meet with your employer (your assessor) to identify company goals and aspirations, and to clarify the business plan where required.
Specifications
You are to develop a detailed strategic plan for the company, ensuring that you
• Confirm your business or organisations vision and mission;
• Include relevant organisational values
• Identify and consider strengths and weaknesses of existing and potential competitors and allies
• Analyse organisation's strengths, weaknesses, opportunities and threats through a detailed SWOT analysis
• Analyse both the internal and external environment including political, economic, social and technological developments globally
• 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
• Provide for due diligence
You are to submit the following
• Detailed strategic plan
• Any supporting document required
Your assessor will be looking for your ability to:
• consult and communicate effectively with relevant stakeholders to:
– confirm or revise the organisation's mission, vision and values
– validate findings of research and analysis
– get input to and endorsement of strategic plans
– brief relevant parties about the plan
• analyse organisation's internal and external environment to formulate strategic plans including:
– background and research relevant to the plan
– legislation, regulations and codes of practice, including for intellectual property
– objectives, strategies and priorities
– roles and responsibilities
– performance indicators
– timeframes
– consideration of co-operative ventures
– cost-benefit and risk analysis
• seek advice from appropriate experts wherever necessary
• monitor and evaluate the implementation of the plan and make refinements as appropriate
• review effectiveness of planning processes and identify opportunities for improvement.
Assignment Task 2
Implement a strategic plan
Performance objective
The candidate will demonstrate the ability to develop a detailed strategic plan for a company and prepare for implementing the plan.
Procedure
Your implementation will encompass running a meeting for your team in which you:
• Explain and discuss the strategic plan in detail
• Provide overview strategies for least 2 different goal, objectives and strategies outlined within the plan
• Instruct / mentor each person to whom you have allocated a responsibility to, to ensure they understand and are empowered to perform their allocated task
• Outline the performance indicators that are incorporated within your strategic plan, including how they will be implemented and monitored
Specifications
It is important that you are prepared for this session, ensuring you:
• prepare for the session to ensure everything is covered
• develop and provide relevant documentation / supporting materials to your team
Your assessor will observe you running the meeting.
Your assessor will be looking for your ability to:
• consult and communicate effectively with relevant stakeholders to:
– confirm or revise the organisation's mission, vision and values
– validate findings of research and analysis
– get input to and endorsement of strategic plans
– brief relevant parties about the plan
• analyse organisation's internal and external environment to formulate strategic plans including:
– background and research relevant to the plan
– legislation, regulations and codes of practice, including for intellectual property
– objectives, strategies and priorities
– roles and responsibilities
– performance indicators
– timeframes
– consideration of co-operative ventures
– cost-benefit and risk analysis
• seek advice from appropriate experts wherever necessary
• monitor and evaluate the implementation of the plan and make refinements as appropriate
• review effectiveness of planning processes and identify opportunities for improvement.
Attachment:- Develop and implement strategic plans.rar