-Assessment 2- - ASSESSMENT Qualification Unit of Competency Student Name Student ID Assessment Due Date BSB61015 Advanced Diploma of Leadership and

-Assessment 2- - ASSESSMENT Qualification Unit of...

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ASSESSMENT Qualification: BSB61015 Advanced Diploma of Leadership and Management Unit of Competency: BSBMGT616 Develop and implement strategic plans Student Name: Student ID: Assessment Due Date:
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BSBMGT616 Develop and implement strategic plans This unit describes the skills and knowledge required to establish the strategic direction of the organisation, sustain competitive advantage and enhance competitiveness. It covers analysis and interpretation of relevant markets, capability assessment of the organisation and analysis of the organisation’s existing and potential competitors and allies. It also covers implementation of the strategic plan and developing specific actions and initiatives that will be undertaken by people working in various roles. Elements Performance Criteria 1. Confirm organisational vision and mission 1.1 Check with stakeholders that organisational vision and mission are still held to be current and are supported 1.2 Make any changes or refinements to vision or mission statement as required 1.3 Review or develop organisational values to support the vision and mission statement 1.4 Gain support for strategic planning process from all relevant stakeholders 2. Analyse the internal and external environment 2.1 Determine information requirements and undertake or commission research to deliver relevant information 2.2 Analyse political, economic, social, and technological developments in a global context 2.3 Seek advice from appropriate experts wherever necessary 2.4 Identify and consider strengths and weaknesses of existing and potential competitors and allies 2.5 Analyse organisation’s strengths, weaknesses, opportunities and threats 2.6 Consider cooperative ventures that are supported by risk and cost benefit analyses, are consistent with the organisational vision, mission and values and provide for due diligence 2.7 Check that analysis of internal and external environment is consistent with the perspectives of other informed people 3. Write strategic plan 3.1 Document relevant research and background for inclusion in the strategic plan 3.2 Formulate strategic objectives and strategies needed for the future 3.3 Detail each strategy with an assigned priority, a timeframe, responsible parties and measurable performance indicators 3.4 Circulate strategic plan for comment, support and endorsement 4. Implement strategic plan 4.1 Communicate strategic plan to all relevant parties 4.2 Brief people with a specific role in relation to strategies 4.3 Use performance indicators to monitor progress in implementing plan 4.4 Make necessary refinements to plan 4.5 Evaluate achievement of objectives at agreed milestones 4.6 Review effectiveness of plan and consider methods for improving strategic planning processes BSBMGT616 Develop and implement strategic plans Assessment – Version: 1.0 (Created: 12/10/17; Printed: 9/02/19) This document is uncontrolled version when printed. 2
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Performance Evidence Evidence of the ability to: consult and communicate effectively with relevant stakeholders to: o
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