Reference no: EM132443305

Develop and implement strategic plans

Report: Implement a strategic plan

Performance objective

The candidate will demonstrate the ability to develop a detailed strategic plan for a company and prepare for implementing the plan.

Assessment description

This assessment task is continuation of task 1. In this task you are to prepare for and implement your strategic plan in part.

Procedure

Your implementation will encompass running a meeting for your team in which you:
• Explain and discuss the strategic plan in detail
• Provide overview strategies for least 2 different goal, objectives and strategies outlined within the plan
• Instruct / mentor each person to whom you have allocated a responsibility to, to ensure they understand and are empowered to perform their allocated task
• Outline the performance indicators that are incorporated within your strategic plan, including how they will be implemented and monitored
Specifications
It is important that you are prepared for this session, ensuring you:
• prepare for the session to ensure everything is covered
• develop and provide relevant documentation / supporting materials to your team

Your assessor will observe you running the meeting.

Your assessor will be looking for your ability to:
• consult and communicate effectively with relevant stakeholders to:
» confirm or revise the organisation's mission, vision and values
» validate findings of research and analysis
» get input to and endorsement of strategic plans
» brief relevant parties about the plan
• analyse organisation's internal and external environment to formulate strategic plans including:
» background and research relevant to the plan
» legislation, regulations and codes of practice, including for intellectual property
» objectives, strategies and priorities
» roles and responsibilities
» performance indicators
» timeframes
» consideration of co-operative ventures
» cost-benefit and risk analysis
• seek advice from appropriate experts wherever necessary
• monitor and evaluate the implementation of the plan and make refinements as appropriate
• review effectiveness of planning processes and identify opportunities for improvement.

Adjustment for distance-based learners
• No variation of the task is required.
• Documentation can be submitted electronically or posted in the mail.
Meeting context
Each meeting will consist of yourself (running the meeting), and at least 2 other people, who will role-play the employees. Other people may include trainers or students from your course
Things to consider whilst performing this task:
• Be organised - prepare and plan for the session thoroughly.
• Know your position
• Know your company
• Arrange access to all required documentation for this process
• Be prepared to ask questions
• Be prepared to be asked questions

Things to consider whilst role-playing an employee:
• Be prepared
• Act professionally throughout the process
• Be prepared to ask questions when you require more information
• Answer all questions to the best of your ability
• Make sure that by the end of the session, you are fully aware of the strategy you have been allocated, along with the actions you would need to perform to achieve this.

Remember, you will be required to both run the meeting, and role-play an employee (during another students' assessment), so be sure to perform at your best at all times.

You are to submit the following
• Your meeting plan
• Copies of documentation provided to employees
• Your assessor will observe you running the meeting

Assessment task

This checklist is similar to the one being used by your assessor during this assessment. This checklist should be reviewed by you to evaluate your readiness for assessment, and to confirm your understanding of the criteria by which this assessment task will be judged.

Once you feel you have the required skills and knowledge to demonstrate each of the following assessment criteria, you are ready to be assessed. Please speak with your assessor if you feel you are not ready to be assessed before the assessment has commenced.

Attachment:- Develop and implement strategic plans.rar