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Evaluate the effectiveness of techniques

Assignment Help Business Management
Reference no: EM131562259 , Length: 3000 words

LO1 - Understand the process of strategic planning

Assess how business missions, visions, objectives, goals and core competencies inform strategic planning

Analyse the factors that have to be considered when formulating strategic plans

Evaluate the effectiveness of techniques used when developing strategic business plans

LO2 - Be able to formulate a new strategy

Analyse the strategic positioning of a given organisation by carrying out an organisational audit

Carry out an environmental audit for a given organisation.

Assess the significance of stakeholder analysis when formulating new strategy

Present a new strategy for a given organisation

LO3 - Understand approaches to strategy evaluation and selection

Analyse the appropriateness of alternative strategies relating to market entry, substantive growth, limited growth or retrenchment for a given organisation

Justify the selection of a strategy

LO4 - Understand how to implement a chosen strategy

Assess the roles and responsibilities of personnel who are charged with strategy implementation

Analyse the estimated resource requirements for implementing a new strategy for a given organisation

Evaluate the contribution of SMART targets to the achievement of strategy implementation in a given organisation.

The purpose of this assignment is to give learners the knowledge and understanding of how a business unit can strategically organise and plan for likely future outcomes in order to be successful.

This assignment covers all 4 learning outcomes Scenario

Imagine you are a member of the Strategic Management Team (SMT) of a FTSE 100 company. The SMT reports to the Chief Executive Officer (CEO) of the organisation.

The company wants to remain competitive in spite of its current difficult situation. Consumer needs and demands are fast changing due to continuous innovation and globalisation.

You need to explain what strategies your company is following to maintain its competitiveness and how it is implementing these strategies to improve its level of competitiveness in the future.

Produce a report (giving answers to all the questions below) to help the SMT to understand the strategic planning process and how it can help to plan for likely future outcomes in order to be successful.

Task 1:

AC 1.1 Define business strategy, vision, mission, objectives, goals and core competences. Using the UK Business organization you have chosen, assess how it uses each of these to inform its business strategy.

AC 1.2 Analyse the factors that have to be considered when formulating strategic plans.

AC1.3: Evaluate the effectiveness of techniques businesses need when developing their plans.

Task 2:
Prepare a presentation (using Power Point) to

AC 2.1 Analyse the strategic positioning of your chosen organisation by conducting its organisational audit.

AC 2.2 Conduct an environmental audit of your chosen organisation.

AC 2.3 Develop a stakeholder mapping of your company and assess the significance of stakeholder analysis when formulating the new strategy.

AC 2.4 Present a new strategy for a given organisation.

Task 3:

AC 3.1 Analyse the appropriateness for your chosen organisation, of alternative strategies relating to:

1. Market entry
2. Substantive growth
3. Limited growth
4. Retrenchment

AC 3.2 Justify your selection of one of these strategies.

Task 4:

A.C. 4.1 Assess the roles and responsibilities of personnel in your organisation (functions or individuals, as appropriate) who are directly involved in strategy implementation.

A.C. 4.2 Analyse the estimated resource requirements that your organisation will need to identify and allocate if it is to implement the new strategy you have recommended.

A.C. 4.3 Evaluate the contribution of SMART objectives, which your organisation could employ to achieve its overall strategic implementation.

Reference no: EM131562259

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Reviews

len1562259

7/12/2017 6:48:26 AM

D1 Use critical reflection to evaluate own work and justify valid conclusions ? Conclusions have been arrived at through synthesis of ideas and have been justified. Realistic improvements have been proposed against defined characteristics for success. To achieve D1 you must show that you have evaluated the strategies you have presented in your assignment, such that they are clearly identified in order of importance (as selected by you) in relation to the future success of the company in the case study. D2 Take responsibility for managing and organising activities ? Activities have been managed. To achieve D2 you will have demonstrated an effective approach to independent research and study, and you will have presented your recommendations in an appropriate business format.

len1562259

7/12/2017 6:47:57 AM

Grade Descriptor Indicative characteristic/s Contextualisation M1 Identify and apply strategies to find appropriate solutions/information ? Effective judgements have been made. An effective approach to study and research has been applied. To achieve M1, you should show effective research and judgment has been applied to justify the significance of strategies. M2 Select / design and apply appropriate methods ? Appropriate learning methods/techniques have been applied. To achieve M2, you should use, appropriate methods and techniques available to organisations, and reference all the work using the Harvard Referencing method. M3 Present and communicate appropriate findings ? Communication is appropriate for familiar and unfamiliar audiences and appropriate media have been used. To achieve M3 the work you present will be presented in suitable business formats and will use appropriate business terminology accurately, in line with the scenario described in the case study.

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