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BSBSTR602

 

 

BSBSTR602 Develop Organisational Strategies

 

 

 

Assessment 2 Project Portfolio

Student Name: GOUTHAM ARALA

Contents

Instructions to the students: 3

Right of appeal 5

Student assessment agreement 6

Student declaration  7

Assessment for this unit 8

Unit Description  8

Assessment Task 2: Project 9

Assessment Task 2: Checklist 14

Section 1: Prepare to develop a strategic organisational plan  17

Section 2: Develop a strategic organisational plan  19

Section 3: Monitor the strategic organisational plan  24

Final results record  25

Instructions to the students:

You are required to:

 

 

 

¡  Complete this page and ensure you accept, sign and date the student declaration on the Student Learning Management System (LMS).

¡  Read through and follow all instructions provided.

¡  Answer all the questions.  Keep in mind you are studying a Nationally Recognised Diploma level unit of competency

¡  Your answers must reflect the depth of knowledge and understanding expected of a person who can work under minimal supervision and competency requires a high level of judgement and decision making.  This assessment is to be conducted in a supervised classroom environment.

¡  You must complete your own work without assistance from other persons

¡  Your assessor will predetermine the timeframe for the assessment

¡  Submit your assessment to the Student Learning Management System (LMS) by the due date.

Ensure your submission identifies your name, unit code and title.

 

 

 

PLAGIARISM AND COLLUSION:
 

 

 

Plagiarism is ‘a practice that involves the using of another person’s intellectual output and presenting it as one’s own’. This includes the presentation of work that has been copied, in whole or part, from other sources (including other students’ work, published books or periodicals, the Internet, unpublished works or unauthorised collaboration with other persons), without due acknowledgement.

 

 

CONSEQUENCES OF PLAGIARISM AND COLLUSION:
 

 

 

A student found to have plagiarised material will be instantly graded Not Yet Competent (NYC) and may be subject to one or all of the following:

¡ Referral of the matter to the Academic Coordinator for: an intervention meeting, issuing of written warning, clarification regarding assessment re-submission requirements and allocation of additional assessment tasks.

¡ Referral of the matter to the Director for: official disciplinary action by Choice Business College and/or suspension from the course.

 

Your assessor will provide you with an appropriate timeframe in which to resubmit your work, according to your RTO’s reassessment policy and procedure.

ASSESSMENT RULESASSESSMENT SUMMARYUNIT OUTCOME
 

 

 

 

 

¡ For a student’s performance to be deemed satisfactory for the whole unit of competence, they must demonstrate satisfactory performance in all tasks within this assessment.

¡  If part of a task is not satisfactorily completed the assessor will arrange for the student to complete further assessment to demonstrate competence.

¡ Students are permitted three (3) attempts to demonstrate competency.

¡ Overall student performance in the unit is to be recorded as either Competent or Not Yet Competent.

 

 

 

 

 

¡ This assessment task contains a series of problem-solving questions designed to allow students to demonstrate competence in the unit.

¡ It contains a variety of questions and practical activities to best demonstrate the student’s skills and Knowledge of the subject

¡ Performance outcome will be indicated as Satisfactory or Unsatisfactory.

 

 

 

 

 

 

¡ At the successful completion of all assessment tasks, a Competent result will be awarded.

¡ The overall unit result and feedback are recorded on the unit result summary on LMS.

 

 

Right of appeal

 

You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with unfairly or have other appropriate grounds for an appeal.

You should refer to your RTO’s assessment appeals process for more information.

 

 

Student assessment agreement

 

Make sure you read through the assessments in your student assessment booklet before you fill out and sign the agreement below.

If there is anything that you are unsure of, consult your assessor prior to signing this agreement.

 

Have you read the assessment requirements for this unit?ü  Yes¨  No
Do you understand the requirements of the assessments for this unit?ü  Yes¨  No
Do you agree to the way in which you are being assessedü  Yes¨  No
Do you have any specific needs that should be considered¨  Yesü  No
If so, explain these in the space below.
Do you understand your rights to reassessment?ü  Yes¨  No
Do you understand your right to appeal the decisions made in an assessment?ü  Yes¨  No
Student nameGoutham Arala
Student ID numberCBC210230
Student signatureGA
Date12/04/2022
Assessor name
Assessor signature
Date

 

 

 

Student declaration

To be filled out and submitted with assessment responses

  • I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).
  • I understand that if I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.
  • I have correctly referenced all resources and reference texts throughout these assessment tasks.
Student nameGoutham Arala
Student ID numberCBC210230
Student signatureGA
Date12/04/2022

 

 

 

Student name:Goutham Arala
Assessor:Redwan
Date:12/04/2022
Business this assessment is based on:Healthcare Incorporation

 

Assessment for this unit

 

Unit Description

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 implementing the strategic plan and developing specific actions and initiatives that will be undertaken by people working in various roles.

The unit applies to individuals working in senior roles in the organisation who have responsibility for ensuring that the organisation is positioned to ensure its long-term viability and success.

 

 

 

Assessment Task 2: Project

Information for students

In this task, you are required to demonstrate your skills and knowledge by working through a number of activities and completing and submitting a project portfolio.

You will need access to:

  • your learning resources and other information for reference
  • Project Portfolio template
  • Simulation Pack (if you need a case study).

Ensure that you:

  • review the advice to students regarding responding to written tasks in the Business Works Student User Guide
  • comply with the due date for assessment which your assessor will provide
  • adhere with your RTO’s submission guidelines
  • answer all questions completely and correctly
  • submit work which is original and, where necessary, properly referenced
  • submit a completed cover sheet with your work
  • avoid sharing your answers with other students.

 

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Assessment information
Information about how you should complete this assessment can be found in Appendix A of the Business Works Student User Guide. Refer to the appendix for information on:

·           where this task should be completed

·           how your assessment should be submitted.

Note: You must complete and submit an assessment cover sheet with your work. A template is provided in Appendix B of the Student User Guide. However, if your RTO has provided you with an assessment cover sheet, please ensure that you use that.

 

Activities

Complete the following activities:

  1. Carefully read the following:
This project requires you to develop and implement a strategic plan for an organisation.
Vocational education and training is all about gaining and developing practical skills that are industry relevant and that can help you to succeed in your chosen career. For this reason, we are giving you the choice to base this project on your own business, one you work in or a familiar with, or you can use the case study provided. This will mean that you are applying your knowledge and skills in a relevant, practical and meaningful way to your own situation!
It is important that you are able to access enough information for your chosen business in order to be able to do your assessment. As a minimum this should include:

·           numerical information to analyse trends and perform a cost-benefit analysis

·           information to monitor and evaluate your implemented plan.

You will need to communicate with internal and external stakeholders. Your communication may be either directly with actual staff members or fellow students/your assessor can play the roles of relevant people/parties. Communication can be in any appropriate format (e.g., face to face, video conference, email) as long as it meets the requirements outlined in the Project Portfolio.

You will be collecting evidence for this unit in a Project Portfolio. The steps you need to take are outlined below.

  1. Preparation
Make sure you are familiar with the organisation you are basing this assessment on and have read through the necessary background information. For the case study business, this is all of the documents included in the Simulation Pack. If it’s your own business or a business where you are working or are familiar with, have your business or case study approved by your assessor.

Complete Page 4 of your Project Portfolio for this unit.

Read through the requirements of Section 1, 2 and 3 of your Project Portfolio.

  1. Prepare to develop a strategic organisational plan
Complete Section 1 of your Project Portfolio. To do this, you need to:

·           identify stakeholders who will contribute to the strategic planning process.

·           identify and summarise organisational, legislative, regulatory and codes of practice requirements.

·           research your organisation’s external environment, including the use of numerical information to identify trends.

·           undertake PEST analysis.

·           identify and summarise best practice examples.

·           undertake SWOT analysis.

·           conduct a capability assessment of a competitor.

Make sure you have answered all questions in Section 1.

You are required to attach certain documents as part of your evidence – review the documents you need to attach as outlined in Section 1 of the Project Portfolio.

Submit Section 1 to your assessor.

  1. Develop a strategic organisational plan
Complete Section 2 of your Project Portfolio. To do this, you need to:

 

·           Meet with all relevant stakeholders to discuss:

o      any required changes to the vision/mission/values of your organisation

o     seek support for the strategic planning process

o     agree on a milestone to revisit the strategic plan and evaluate the achievement of objectives

o     seek and respond to feedback from relevant stakeholders on the analysis of the internal and external environments.

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This meeting should take 20 minutes. It may take place with actual people who work for/are associated with your chosen organisation. Alternatively, classmates or your assessor may play the role of one or more team members.

This can either be viewed in person by your assessor or you may like to video record the session for your assessor to watch later. Your assessor can provide you with more details at this step. Make sure you follow the instructions below and meet the timeframes allocated. If this session is not viewed in person by your assessor, you will attach proof of the meeting to Section 2 of your Project Portfolio.

 

As part of this meeting, you are required to demonstrate your ability to:

·           present information and seek advice using language and register to suit the audience

·           elicit the views of others and clarify/confirm understanding using listening and questioning techniques.

You will be assessed on this.

If you are using the case study, additional information to complete the remainder of this step is contained in the Simulation Pack. If you are using your own organisation, make sure you have the enough information to fulfil the requirements in the Project Portfolio.
Continue working on Section 2 of your Project Portfolio to:

·           develop or revise organisational values to support the vision and mission of your organisation.

·           develop at least two objectives/strategies relevant for the future of the organisation including a description of the strategy, responsible stakeholders, priority of the strategy, timeframe, actions required, measurable performance indicators and risks associated with the strategy.

·           create a strategic operational plan.

·           distribute and communicate your strategic plan to all relevant stakeholders to brief all parties and seek feedback/endorsement.
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Communication can take place in any appropriate format as long as it adheres to organisational requirements (e.g. video of team meeting where copies of the strategic plan are handed out, draft email with link to cloud-based storage location etc).
Continue working on Section 2 of your Project Portfolio to:

·           establish one cooperative venture considering the organisational vision/mission/values and including risks, cost-benefit analysis and due diligence.

·           communicate with an external stakeholder (e.g. CEO of competitor) to confirm the establishment of the joint venture.
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Communication can take place in any appropriate format as long as it adheres to organisational requirements (e.g. draft email to the CEO).
Continue working on Section 2 of your Project Portfolio to:

·           develop a risk management plan.

  1. Monitor the strategic organisational plan
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Assume that a period of time has passed. If you are using the case study, additional information to complete this step is contained in the Simulation Pack. If you are using your own organisation, make sure you have the enough information to fulfil the requirements in the Project Portfolio.
Complete Section 3 of your Project Portfolio. To do this, you need to:

·           monitor the implementation of the strategic plan using performance indicators.

·           make refinements to the strategic plan.

·           evaluate the achievement of objectives at the agreed-on milestone with relevant stakeholders (e.g. via email, team meeting or survey).
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Communication can take place in any appropriate format as long as it adheres to organisational requirements (e.g. video of executive team meeting, survey, email).
Continue working on Section 3 of your Project Portfolio to:

·           review the effectiveness of your strategic plan and the strategic planning process.

·           seek advice from an appropriate expert to improve the strategic planning process.

·           identify a method to use in future to improve the strategic planning process.

  1. Submit your completed Project Portfolio
Make sure you have completed all sections of your Project Portfolio, answered all questions, provided enough detail as indicated and proofread for spelling and grammar as necessary. Remember to submit all necessary attachments as indicated.

 

 

Section 1: Prepare to develop a strategic organisational plan

1           Describe the organisation you are basing this project on.

1.1      What is the name of the organisation?

1.2      What are the main activities of the organisation?

1.3      Describe the organisation’s strategic direction and objectives.

1.4      Identify at least two stakeholders who will contribute to the strategic planning process (at least one internal and one external stakeholder).

1.5      Explain how the stakeholders are involved in the strategic planning process.

 

2           Identify and summarise organisational, legislative and regulatory requirements for developing a strategic plan.

2.1      Do any policies, procedures or other organisational documentation exist that provide information about the organisation’s strategic plan?

2.1.1.     If yes, what is the name of the policy, procedure or document?

2.1.2.     If yes, what are the strategic plan development requirements outlined in the documentation?

2.2      Does the organisation have any templates available for the development of a strategic plan?

2.3      Summarise any legislation that applies to developing the organisation’s strategic plan. Make sure you include Intellectual Property requirements as you answer.

2.4      Summarise any regulations that apply to developing the organisation’s strategic plan. Make sure you include Intellectual Property requirements as you answer.

2.5      Summarise any codes of practice that apply to developing the organisation’s strategic plan. Make sure you include Intellectual Property requirements as you answer

Note: Attach proof of policies, procedures, templates etc to this section of your portfolio.

 

3           Research your organisation’s external environment.

3.1      Do research using at least three sources of information on the market and emerging markets, competitors, target customers, political, economic, social and technological environment in which your organisation operates.

Note: Make sure you research includes numerical information.

3.2      Use and represent the numerical information in an appropriate way (e.g. graph) to identify trends and development in the industry.

Summarise and document your research.

Note: You will include documented background information in your strategic plan later on in this assessment.

 

4           Do PEST analysis to analyse the political, economic, social and technological environment in which your organisation operates.

Tip: Use your research from the previous question as you answer this question.

 

5           Identify and summarise best practice examples.

5.1      Do research to identify at least one other organisation similar to your organisation known for leading best practices.

5.2      Compare their vision, mission and value statements to those of your organisation (How are they the same? How are they different?).

5.3      Identify at least one way your organisation’s values do not fully support the vision and mission statement.

 

6           Use an appropriate tool or method to do a capability assessment of at least one competitor organisation.

 

7           Understand your organisation’s internal environment. Do SWOT analysis to analyse your organisation’s strengths, weaknesses, opportunities and threats.

 

 Attach:Proof of policies, procedures, templates etc.

 

 

 

Section 2: Develop a strategic organisational plan
  • Summarise your meeting with the relevant stakeholder(s).

1.1      Who did you meet with?

1.2      What changes are required to the vision, mission and values of your organisation?

1.3      Will all relevant stakeholders support the strategic planning process?

1.4      At what milestone will stakeholder evaluate the achievement of objectives (e.g. after one year)?

1.5      Summarise any feedback on your analysis of the internal and external environments.

1.6      How did you respond to the feedback (e.g. verbally at the meeting, replying to documented comments using review functionality, follow-up email etc.)?

 

2           Develop (or revise) organisational values to support the vision and mission of your organisation.

Tip: Make sure you include any stakeholder input (from your meeting) in the revised vision and mission.

 

3           Complete the table below to develop at least two objectives/strategies relevant for the future of your organisation.

Note: If your organisation requires more than two strategies to be developed, attach the relevant information to this section of your portfolio.

 Strategy 1Strategy 2
Objective
Description of strategy
Responsible stakeholders
Priority high, medium, low)
Timeframe
Specific actions or initiatives required
Measurable performance indicators
Risks

 

4           Represent the work you’ve done so far in a strategic organisational plan. Make sure your plan includes:

4.1      Executive summary

4.2      Vision

4.3      Mission

4.4      Values

4.5      PEST and SWOT analysis

4.6      Strategic objectives

4.7      Strategies and actions (including stakeholders, priority, timeframes, actions and responsibilities).

Note: If your organisation uses a specific strategic organisational plan template, use that template and attach the completed strategic organisational plan to this section of your portfolio.

 

5           Communicate and distribute your strategic plan to all relevant stakeholders to:

5.1      Brief all relevant parties

5.2      Seek feedback and endorsement.

Note: You may use any appropriate method to communicate and distribute the strategic plan as long as it adheres to organisational policy and procedures and you seek feedback and endorsement in your communication.

If not already viewed in person by your assessor, attach proof of your communication/distribution to this section of the portfolio (e.g. video of team meeting where copies of the strategic plan are handed out, draft email with link to cloud-based storage location etc).

 

6           Establish at least one cooperative venture considering the organisational vision, mission and values by:

6.1      Completing the table below.

6.2      Communicating with an external stakeholder to establish the joint venture.

Note: Attach proof of how you’ve established the venture to this section of your portfolio (e.g. draft email to CEO of the other party involved with the cooperative venture confirming the details of the venture).

Venture:
Description of venture
Risks
Cost benefit analysis

(use and represent numerical information)

Provide for due diligence (where required)

Note: Due diligence is the steps taken to avoid committing an offence.

How the venture considers your organisation’s vision, mission and values.

 

7           Use the table below to develop a risk management plan. Include at least two risks (from the strategies and actions in the strategic organisational plan or from the cooperative venture).

Note: If your organisation uses a specific template for risk management planning, use that template and attach the completed risk management plan to this section of your portfolio.

RiskConsequenceSeverity/damage

(scale of 1 – 4)

Likelihood

(scale of 1 – 4)

Risk rating

(severity x likelihood)

Control actionsResource requirementsReporting and monitoring

 

 

 Attach:Proof of meeting with stakeholders (if required)
Response to feedback (if not done at the meeting)
Strategic organisational plan
Proof of communication/distribution of strategic plan
Proof of how cooperative venture has been established
Risk management plan (if applicable)

 

 

 

Section 3: Monitor the strategic organisational plan
  • Use the performance indicators and timeframes established in Section 2 of your project portfolio to monitor the implementation of your strategic plan.

1.1      How is the team progressing with implementing the strategic plan?

1.2      Are the actions outlined in the strategic plan being implemented as planned?

1.3      Make refinements to your strategic plan.

Attach proof to this section of your project portfolio.

1.4      Evaluate the achievement of objectives at the agreed-on milestone (e.g. after one year as established in Section 2 of your Project Portfolio) with relevant stakeholders (e.g. via email, team meeting or survey).

If not already viewed in person by your assessor, attach proof (e.g. video of executive team meeting) to this section of your project portfolio.

 

2           Review the effectiveness of your strategic plan and the strategic planning process.

2.1      How effective was your strategic plan?

2.2      Seek advice from an appropriate expert for at least one method that can be used in future to improve the strategic planning process.

2.3      Name at least one method that can be used in future to improve the strategic planning process.

Attach proof of how you sought advice (e.g. draft email)

 

 Attach:Proof of refined strategic plan
Proof of stakeholder evaluation of plan
Proof of advice sought

 

Section 1 – prepare to develop a strategic organizational plan

  • The name of the organization is healthcare incorporation.
  • Identification of legislative, organizational as well as regulatory requirements
    • No, since the organization is new there are no policies of the procedure or any other organization documentation providing information regarding the strategic plan of the organization.
    • Yes, there are templates available for strategic plan development.
    • The copyright act 1968 protects all the original in Australia, they have a well developed legal system that helps protect all the intellectual property of individuals as well as businesses to the registration of that marketing tool as a trademark, it provides legal protection and prevents others from using it (Kanyamuna, & Phiri, 2019).

The other legislative or regulatory requirement includes that all the devices including the face mask and gloves need to be regulated by TGA as medical devices under the therapeutic goods act 1989, and before their supply, they need to be included in ARTG.

  • Therapeutic goods regulation 2002 and therapeutic goods regulation 1990 under two regulations under which the company works.
  • Assessment of pre-market, monitoring post-market, standards enforcement, licensing of the manufacturers of Australia as well as verification of oversear compliance of manufacturers with same standards like that of the Australian counterparts.
  • research on the external environment of the organization

3.1 Three external sources of information are the government and commercial services. The emerging market for the product of the company is huge, especially after the outbreak of covid, people are more careful and health-conscious and the use of therapeutic goods has increased.

The target customers of the company are hospitals or other sensitive areas, and the other target customer is the normal people who are aware and conscious of their health. The government is promoting the use of this equipment, therefore the political environment is suitable. The economic environment is tense however the demand for these goods is ever increasing. There are various competitors of the same good in the industry and many are emerging but the competitive advantage of our company is that we provide the best quality at the lowest price possible (Hayes, et al., 2022).

3.2

 

4 PEST analysis

Political- The industry in which the company operates is highly regulated however the laws and regulations do not change very much and remain very much stable as far as the. products meet the quality expectations. However, as already shown the approvals have been increasing, so the companies are appreciated in making these equipments.

Environmental-  The environment in which the company operates is highly competitive however the company has the competitive advantage of its price through which it can sustain itself. Since already seen, the government has relaxed the approval scheme.

Social- After the outbreak of covid-19, people are very much health conscious and use therapeutic goods more than ever.

Technological- Technology does not change frequently. However, it does possess some kind of threat to companies.

5 identification and summarizing the best practice examples –

Bpromo, Is a big competitor for an organization since it is operating for more than 20 years now and it has an extensive collection.

However, the vision of the company is much different from ours, more engaged in the extensive collection through collaboration with artists and is more engagement collection however the vision of our company is to provide the customers with the best quality and affordable equipment (Bhawra, 2019).

The company is different because the target market of the company is very different from ours. One way in which our organization’s values do not support its mission and vision is, that its main motive is not for the healthcare benefits of the people, but also includes arts in it.

6 Competitor analysis is the tool that is used for understanding the behavior and business of the competitor, it is the process of researching different marketing strategies of the competitor and identification in the industry, information is then used to compare with the own organization (Lee, 2021).

7  SWOT Analysis

Strength – The strength of the organization is producing the best quality of goods at the most affordable prices for its customers.

Section 2 Develop a strategic organizational plan

 

Question 7

7.1 CEO of the healthcare incorporation organization

7.2 the company has to improve the working policy and the changes require in the product of the company because they have to give 1005 surety to the people who use their products (LEYVA, et al., 2018).

7.3 yes

7.4 according to the current working policy and the report of the organization the stakeholders have to make evaluate the achievement of the objective after the 6 months of the plan implementation.

7.5 internal analysis of the feedback from the employees who complain about the proper management of the organization. Also, according to the external analysis of the organization, they have to make a better marketing plan to hold the company position.

7.6 the response to the feedback will be given to the team members and the stakeholders of the organization verbally by organizing the meeting (LEYVA, et al., 2018).

Question 8

Revised vision and mission

Vision

They have to apply the products on the dummies before realize into the market.

They have to give 100% surety in the situation of the covid-19 virus people trust in their brand.

The CEO of the marketing department also permits changing the quality of the sanitizers.

Mission

They have to reach the development level in the market.

This is the best option for the development of the organization.

Its mission is to sell the 45 lakh products in the first 6 months of the company.

Question 9

 Strategy 1Strategy 2
ObjectiveDevelopment of the products demands in the market.Increase company sales.
Description of strategyImplement a better working policy.They have to improve product quality
Responsible stakeholders Marketing CEOSales department CEO and manager
Priority high, medium, low)HighHigh
TimeframeWeek 1 Week 2
Specific actions or initiatives requiredThey have to make the proper plan by taking the advice of the expert and the CEO of the organization to get a better result.They have to do the testing of their products before sending them into the market and they have to consider their products as the best materials usable.
Measurable performance indicatorsThis can be indicated after the performance of the company in the market from starting 6 months of the organization.They have to make sure to take all the feedback from the customer seriously to get better and more innovative results in the organizational development of the company (Rowthorn, 2020).
Risks

Question 11

11.1 the stakeholder. Finance manager, marketing manager, and management team of the company as the relevant parties.

11.2 the feedback on the company working policy will seek from the staff member of the organization while communicating and organizing the meeting with the company stakeholders and the other staff members to find out the best and the better opportunity in the organization.

Question 12

Venture:
 

 

 

 

 

Question 13

RiskConsequenceSeverity/damage

(scale of 1 – 4)

Likelihood

(scale of 1 – 4)

Risk rating

(severity x likelihood)

Control actionsResource requirementsReporting and monitoring
Product failImage down44HighTestingProduct manufacture teamManagement manager
Low saleMarket value low44HighExamine marketSales department dataMarketing manager

 

Section 3 – monitoring the strategic organizational plan

13.1 The team has put in the best efforts and implementation of the strategic plan and is progressing as expected.

 

13.3 The development of the strategic plan was done excellently, and the strategic plan developed that was attaining 45 lacks sales in 6 months is also attenable however if the selling method will be improved the company can sell more products, therefore the selling methods of the company are to be changed for attaining more growth (He, & Oxendine, 2019).

 

13.4 good morning to all the investors this meeting is conducted for the evaluation of set milestone

To evaluate the achievement of objectives everything will be compared as per 3 months since the development of the strategic plan and a milestone was set at 6 months but it has only been 3 months till then, it can be said that the company will be successful or can even do better in 6 months since it has already attended half the sales of the set sales, and from now on the ways of making sales will also be changed, it will make even a greater and enhanced impact on the future growth of the company.

14 reviewing the effectiveness of the strategic plan

14.1 the strategic plan was fully effective

14.2 Strategic planning consultant was sought for taking advice and he suggested that in the future the company should also take into account the potential factors that could affect the strategic plan (Pour, et al., 2018).

14.3 team meeting

Good morning everybody,

As per the plan that has been established in section 2 and implemented, and monitoired in section two, it has been observed that In future the starting the development of any strategic should be strated with with identification of issues.since it is very helpful.

 

 

References

Achinas, S., Horjus, J., Achinas, V., & Euverink, G. J. W. (2019). A PESTLE analysis of biofuels energy industry in Europe. Sustainability11(21), 5981.

Araújo, C., Almeida, M., Bragança, L., & Barbosa, J. A. (2016). Cost–benefit analysis method for building solutions. Applied energy173, 124-133.

Benzaghta, M. A., Elwalda, A., Mousa, M. M., Erkan, I., & Rahman, M. (2021). SWOT analysis applications: An integrative literature review. Journal of Global Business Insights6(1), 55-73.

Bhawra, J. (2019). Developing Monitoring and Evaluation Frameworks, by Anne Markiewicz and Ian Patrick. Canadian Journal of Program Evaluation34(1).

Fischhoff, B. (2015). The realities of risk-cost-benefit analysis. Science, 350(6260), aaa6516.

GURL, E. (2017). SWOT analysis: A theoretical review.

Hayes, J. L., Holiday, S., & Park, H. (2022). Corporate social responsibility & the advertising strategic planning process: a literature review & research agenda. International Journal of Advertising, 1-23.

He, Y., & Oxendine, S. D. (2019). Leading positive change in higher education through appreciative inquiry: A phenomenological exploration of the strategic planning process. Journal of Higher Education Policy and Management41(2), 219-232.

Kanyamuna, V., & Phiri, M. (2019). Who said monitoring and evaluation are not rooted in firm theoretical foundations? A review of relevant literature. International Journal of Humanities, Art and Social Studies1(4), 1-22.

Lee, Y. (2021). Extraction of competitive factors in a competitor analysis using an explainable neural network. Neural Processing Letters53(3), 1979-1994.

LEYVA, M., HECHAVARRIA, J., BATISTA, N., ALARCON, J. A., & GOMEZ, O. (2018). A framework for PEST analysis based on fuzzy decision maps. Revista espacios39(16).

Pour, M. J., Zadeh, Z. K., & Zadeh, N. A. (2018). Designing an integrated methodology for knowledge management strategic planning: The roadmap toward strategic alignment. VINE Journal of Information and Knowledge Management Systems.

Rowthorn, R., & Maciejowski, J. (2020). A cost-benefit analysis of the COVID-19 disease. Oxford Review of Economic Policy36(Supplement_1), S38-S55.

Sunstein, C. R. (2017). Cost-benefit analysis and arbitrariness review. Harv. Envtl. L. Rev., 41, 1.

Assessment Task 2: Checklist

Student’s name: Goutham Arala
Did the student:Completed successfully?Comments
YesNo
Prepare to develop a strategic organisational plan by:

·           identifying internal and external stakeholders

·           summarising organisational, legislative, regulatory and codes of practice requirements.

·           researching their organisation’s external environment,

·           using numerical information to identify trends.

·           undertaking PEST analysis.

·           identifying and summarising best practice examples.

·           undertaking SWOT analysis.

·           conducting a capability assessment of a competitor.

Develop a strategic organisational plan by:

·           Meeting with all relevant stakeholders to discuss:

o     any required changes to the vision/mission/values of the organisation

o     seek support for the strategic planning process

o     agree on a milestone to revisit the strategic plan and evaluate the achievement of objectives

o     seek and respond to feedback from relevant stakeholders on the analysis of the internal and external environments.

·           developing or revising organisational values to support the vision and mission of your organisation.

·           developing at least two objectives/strategies relevant for the future of the organisation including

o     a description of the strategy

o     responsible stakeholders

o     priority of the strategy

o     timeframe

o     actions required,

o     measurable performance indicators

o     risks associated with the strategy

·           create a strategic operational plan

·           distributing and communicating their strategic plan to all relevant stakeholders to:

o     brief all parties

o     seek feedback/endorsement

·           establishing and communicating one cooperative venture:

o     considering the organisational vision/mission/values

o     risks

o     cost-benefit analysis

o     due diligence

·           develop a risk management plan.

Monitor the strategic organisational plan by:

·           monitoring and assessing the implementation of the strategic plan using performance indicators

·           making refinements to the strategic plan

·           evaluating the achievement of objectives at the agreed-on milestone with relevant stakeholders

·           reviewing the effectiveness of the strategic plan and the strategic planning process

·           seeking advice from an appropriate expert to improve the strategic planning process

·           identifying a method to use in future to improve the strategic planning process.

Demonstrate effective oral communication skills, including:

·           present information and seek advice using language and register to suit the audience

·           elicit the views of others and clarify/confirm understanding using listening and questioning techniques.

Task outcome:¨  Satisfactory¨  Not satisfactory
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Final assessment results

TaskTypeResult
SatisfactoryUnsatisfactoryDid not submit
Assessment Task 1Knowledge questionsSUDNS
Assessment Task 2ProjectSUDNS
Overall unit resultsCNYC

 

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