Objective 4 To reduce our waste and energy use by 10 from our benchmark within

Objective 4 to reduce our waste and energy use by 10

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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 150217 Page 27 of 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 Criteria ELEMENT PERFORMANCE CRITERIA Elements describe the essential outcomes. Performance criteria describe the performance needed to demonstrate achievement of the element. BSBMGT616 Develop and implement strategic plans v1.2 150217 Page 28 of 35
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 BSBMGT616 Develop and implement strategic plans v1.2 150217 Page 29 of 35
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 Assessment methods and tasks Methods of assessment

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