Reference no: EM132268529
Task 1 - Strategic Planning Research and Report
SECTION 1
Conduct detailed research on a company and prepare a strategic planning report. Refer to the Strategic Plan Template provided by your trainer for this assessment. The strategic planning report should cover the following:
1. What is the vision and mission of the business organisation?
2. Who are the stakeholders of the business organisation?
3. How does the company ensure that its vision and mission are current?
4. What are the organisational values that support the vision and mission of the company?
5. How can the company gain support from the stakeholder in the strategic planning process?
6. Write future strategies for the company which will enable the company to operate in the global market and achieve its strategic goals.
7. Write the priorities of each strategy and explain why the strategy should have your specified priority.
8. List the group or individuals who will be responsible for each strategy and specify the time required to implement the strategy.
9. How will you measure the progress of each strategy? Explain.
10. Conduct a SWOT analysis for the company.
11. Identify at least 2 competitors of the company (existing or potential). What are their strengths and weaknesses?
12. Identify at least one ally of the company (existing or potential). What are their strengths and weaknesses?
13. What business alliances can be formed to support the strategy of the company? Prepare a risk management strategy and a cost-benefit analysis for your proposed alliances.
14. How will the following legislations affect the operation of the business?
a. Occupational Health and Safety Act 2004
b. Equal Opportunity Act 1995
15. Discuss the industry-specific legislation that affects the business organisation.
SECTION 2 - Review and Modification
Once the Strategic Planning Report is completed, submit the plan to your Assessor. Your Assessor will pass Strategic Planning Report to another Learner for a detailed review and possibly recommendations. Once this is done, your Assessor will provide you with the copy of the Analysis of Strategic Planning Report. Create an Implementation Plan based on the recommendations specified in the Analysis of Strategic Planning Report. If you do not agree with any recommendation, please prepare a supporting reason to add in your presentation in Task 3.
Task 2 - Analysis of Strategic Plan Report
Your Assessor will give you a Strategic Planning Report. You are required to analyse the Strategic Planning Report to include the following:
1. Analyse the vision and mission of the company. How these vision and mission are aligned with the recommended strategies?
2. Is there a need to modify the vision and mission to align with the organisation's strategy? Discuss.
3. Analyse the strategy to gain support from the stakeholders. Is it an effective strategy? Why or why not? Discuss.
Task 3 - Presentation
Prepare a presentation covering the followings:
- Communicating the strategies to the company's stakeholders.
- Discuss the modifications/refinements made to the strategic plan after review.
- Discuss the roles of individuals in the company in respect to strategy implementation.
- What are the performance indicators that will be used in the strategic plan implementation? Discuss.
- Specify the major milestones of the strategies plan and specify methods to review and improve the strategic planning process.
You are required to present the report to your peers. The format should be clear, concise and logical and utilise technology, including presentation software such as PowerPoint.
Time Limit: You will be given 10 minutes to complete your presentation and 5 minutes for the question and answer session.