Reference no: EM133091225 , Length: word count:1500
Strategic Planning - Qualifi Level 7 Diploma in Business Strategy
Unit Number - Y/506/9070
Learning Outcome 1: Be able to conceive and analyse strategic options.
Learning Outcome 2: Be able to formulate a strategic plan.
Learning Outcome 3: Be able to implement, evaluate, monitor and review the strategic plan.
ASSIGNMENT QUESTION
Scenario
Learners may use their own employment context, or that of another organisation with which they are very familiar, to base their assignment. However, in the case that they are not able to do so, please use the below scenario:
You are a senior manager within a large organisation.
Your role is to provide the organisation with the strategic vision of this business unit that meets organisational objectives.
Task 1 - 400 words
Critically evaluate the strategic aims and objectives of your organisation. You may wish to consider qualitative and or quantitative testing, or alignment Congruence modelling. Evaluate the theoretical underpinning approaches that have been adopted towards evolving strategic plans and planning activities.
Determine an option, by an established strategic options model of your choice with due reference. You may wish to assess the value of that model, with its ‘fitness for purpose.'
Critically evaluate the impact of stakeholders within strategic plan and its planning horizon. The deployment of a suitable stakeholder concept may be considered; also, stakeholder mapping that has a strategic focus embedded in the mapping.
Task 2 - 700 words
Critically identifies and evaluates possible strategic directions that may be taken to meet strategic aims and merge with the organisations stated missions. The evaluation may take into account macro and micro environmental constraints as appropriate for your purposes, as well as prevailing market conditions and competitor actions and perceived counter actions.
Determine and assess the feasibility of the options to meet and maximise on efficiency and effectiveness requirements. Keeping the planning horizon in focus, for your inclusions.
Determine the preferred strategic direction and conduct a risk assessment on the chosen strategies clearly addressing identified problems and constraints.
Task 3 - 400 words
Explore the internal organisational factors, risk, culture, change activities, structure, nature of the business, factors of future business intentions as well as external factors as deemed appropriate to meet your needs. Place under critical review these factors; it is advised that you underpin this critical review with authenticated, tools, techniques methodologies and concepts as is appropriate.
Planning review, control and monitoring is an essential feature of strategic planning activities. For this task you are required to consider the time lines, activities, possible budgetary factors, and key scheduled activities. Determine how these mile stone events will be help under close monitoring, control, justifying the quality and suitability of the review mechanisms to be used throughout the implementation cycle.
Conduct an impact / risk analysis on the effects of the strategic activity endeavours on the organisations stated strategic objectives. You may if you wish keep in focus the full hierarchy of corporate objectives, where value can be derived for your purposes.
Attachment:- Strategic Planning_Assignment.rar