Reference no: EM133870290

Assessment task

The student will demonstrate the knowledge to Develop and implement strategic plans.

Part A:

Questions

1. What is mission, vision, and objectives, and how are they different from each other?

2. How do you go about making changes to a strategic plan? 

3. When developing new values, or reviewing old ones, what are some points of management decisions that can be considered? List at least

4. Why is it important that the support of stakeholders is gained before completing the strategic planning process?

5. What is the difference between internal and external information? Provide at least 4 examples for both types of data.

6. When considering the PEST analysis model, provide at least 3 examples of each category of factors that may affect your organisation. (i.e., 3 examples of political factors, 3 examples of economic factors).

7. When seeking advice from appropriate experts, who are your options to approach? List at least five.

8. What are the benefits of completing quick check SWOT and PEST analyses?

9. What are research questions that may be asked when performing a SWOT analysis for HR, you, and others in your organisation? Provide at least 3 examples for each SWOT category.

10. To minimise errors from occurring in contract, negotiation and/or processes, what can you include in your negotiation process?

11. What are the most common internal factors that typically affect an organisation? Provide 4 examples.

12. What are the 4 factors that underpin a strategic plan?

13. What are the 4 areas that a strategic plan will embrace?

14. When applying KPIs to each strategy, what are the different key identifiers that can be used? List at least 6.

15. Once a strategic plan has been developed, it needs to be communicated with stakeholders. Provide 4 examples as to how this can be achieved.

16. In terms of communicating a strategic plan, who may relevant parties include? List three.

17. People need to be briefed on their role in the strategic plan once it has been developed. This is done to use the plan to the best effect. Provide 4 examples of how this briefing may occur.

18. How do KPIs relate to measuring the progress of a strategic plan?

19. List 3 things that may be affected by changes made to the strategic plan.

20. How can you minimise problems associated with reaching milestones?

21. What are 2 things that can be done to ensure that the required data is relevant to the needs of the strategic plan?

Part B:

This assessment consists of several sections. This is a knowledge-based assessment task and will require complex research using the internet and other resources made available. You need to provide response to all sections below.

The purpose of this task is to demonstrate your knowledge to meet the requirements safely and effectively to:

outline the legislation, regulations, and codes of practice relevant to the organisation's strategic plan.

give examples of risks and risk management strategies relevant to strategic planning including:

intellectual property rights and responsibilities

other risks

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.

PART 1 - LEGISLATION, REGULATIONS, AND CODES OF PRACTICE RELEVANT TO THE ORGANISATION'S STRATEGIC PLAN.

1. The following legal requirements must be considered when developing and implementing strategic plans. Discuss the meanings and requirements of the following:

Business structure

Intellectual property

Employment

Supplier agreements

Risk management

Health, safety, and the environment (HSE)

2. Discuss the best 2 methods that can be used to find out what the codes of practice specific to community service sector organisation are.

PART 2 - RISKS AND RISK MANAGEMENT STRATEGIES RELEVANT TO STRATEGIC PLANNING

1. List and discuss possible first party and third-party intellectual property risks that one may encounter when developing and implementing strategic planning.

First party

Third party

2. Discuss how the following methods can aid in managing risks surrounding intellectual property

Data Analysis

Automation

Take multiple protective methods

Implement IP Management Software

3. List and describe 6 possible risks that may be relevant to strategic planning.

PART 3 -STRATEGIC PLANNING METHODOLOGIES.

1. A SWOT analysis is typically used to identify the strengths, weaknesses, opportunities, and threats of an organisation. Discuss the possible benefits and limitations of using this tool.

Benefits

Limitations

2. A PEST analysis is used to analyse political, economic, social, and technological factors that may affect your organisation. List potential factors that your organisation may face.

Political

Economic

Social

Technological

PART 4 - INTERNAL AND EXTERNAL SOURCES OF INFORMATION RELEVANT TO THE ORGANISATION'S MARKET, COMPETITORS, CUSTOMER BASE, VISION, VALUES, AND CAPABILITIES

1. Discuss whether internal or external information sources are appropriate when researching and developing the following factors:

Market

Competitors

Customer base

Vision

Values

Capabilities

PART 5 - TECHNIQUES FOR DEVELOPING ORGANISATIONAL VALUES.

1. Discuss how the following 6 steps can be used to develop organisational values.

Assess your current organisational culture

Review your strategic business plan

Determine the culture needed to achieve your plan

Decide if your values need to shift

Define what your chosen values really mean

Incorporate these values into organisational processes