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Objective 4– 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. ●Strategy (h)– Set up innovation and reward programs for reducing waste use. BSBMGT616 Develop and implement strategic plans v1.2 150217Page 27of 35
KPI (plan) – 25 suggestions per year; 6 new innovations introduced per year in relation to reducing waste. KPI (actual) – 30 suggestions and 8 new innovations, leading to a significant reduction in waste. Introduced within designated timeframe.●Strategy (i)– Develop and implement energy use awareness campaign. KPI (plan) – kW per use per person to drop to 10kW. KPI (actual) – 12kW per person. Introduced too late in the year and not rolled out across the whole organisation.Elements and Performance CriteriaELEMENTPERFORMANCE CRITERIAElements describe theessential outcomes.Performance criteria describe the performance needed to demonstrate achievement of the element.BSBMGT616 Develop and implement strategic plans v1.2 150217Page 28of 35
1. Confirm organisational vision and mission1.1 Check with stakeholders that organisational vision and mission are still held to be current and are supported1.2 Make any changes or refinements to vision or mission statement as required1.3 Review or develop organisational values to support the vision and mission statement1.4 Gain support for strategic planning process from all relevant stakeholders2. Analyse the internal and external environment2.1 Determine information requirements and undertake or commission research to deliver relevant information2.2 Analyse political, economic, social, and technological developments in a global context2.3 Seek advice from appropriate experts wherever necessary2.4 Identify and consider strengths and weaknesses of existing and potential competitors and allies2.5 Analyse organisation’s strengths, weaknesses, opportunities and threats2.6 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 diligence2.7 Check that analysis of internal and external environment is consistent with the perspectives of other informed people3. Write strategic plan3.1 Document relevant research and background for inclusion in the strategic plan3.2 Formulate strategic objectives and strategies needed for the future3.3 Detail each strategy with an assigned priority, a timeframe, responsible parties and measurable performance indicatorsBSBMGT616 Develop and implement strategic plans v1.2 150217Page 29of 35
3.4 Circulate strategic plan for comment, support and endorsement4. Implement strategic plan4.1 Communicate strategic plan to all relevant parties4.2 Brief people with a specific role in relation to strategies4.3 Use performance indicators to monitor progress in implementing plan4.4 Make necessary refinements to plan4.5 Evaluate achievement of objectives at agreed milestones4.6 Review effectiveness of plan and consider methods for improving strategic planning processesAssessment methods and tasksMethods of assessment