Reference no: EM133389458

Questions

1. Outline five legislation, regulations and codes of practice that may be relevant to an organization's strategic Plan.

2. What do you understand by an organisation's strategic direction, it's vision and mission? Provide an example of each.

3. Explain how you can conduct the capability assessment of an organisation. Mention two methods to by which you can conduct capability assessment.

4. Explain what a SWOT analysis is and how it can be used in strategic planning. Provide two most common examples of strengths, weaknesses, opportunities, and threats for an organization.

5. Explain what a PEST analysis is and how it can be used in strategic planning. Provide two examples of the components of PEST analysis, political, economic, social, and technological factors.

6. Explain what you mean by cost-benefit analysis and its role in the strategic planning process. Identify two cost-benefit analysis methods.

7. What are cooperative ventures? What role do they play in strategic planning process? Give examples of three types of cooperative ventures.

8. Explain why due diligence is key to effective strategic planning. Describe three key features of the due diligence process in your answer.

9. Identify internal and external sources of information to gather data and information on:

a) A company's market

b) Its competitors

c) Customer base

d) Stakeholders concerns and feedback

10. Give three examples of risks and risk management strategies relevant to strategic planning, with one of them related to intellectual property rights and responsibilities.

11. Describes three techniques for developing organisational values.

12. Define Key performance indicators (KPIs) and explain how an organization can use them to monitor progress in implementing plan and make refinements to plan?