Reference no: EM131032720 , Length: word count:1000
Part A-
1. How can your analytical skills be used when developing and implementing strategic plans?
2. What financial implications exist when proposing new strategies?
3. Why is it important that research is accurate and up to date?
4. How can the requirement due diligence be assessed?
5. What relevant legislation does your organisation adhere to that could affect strategic planning?
6. What is the purpose of a SWOT and PEST analysis?
7. Why is it important to have knowledge of the competitors?
Part B-
You must individually, answer the following questions in full to show your competency of each element:
1. Confirm organisation vision and mission
2. Analyse internal and external environment
3. Write strategic plan
4. Implement strategic plan
1. How can you check the vision and mission of the organisation is supported and why is this useful?
2. How can you gain support from stakeholders for strategic planning?
3. What is the importance of using experts when strategically planning?
4. How would you analyse the following:
a. Internal environment
b. External environment
c. Competitors
5. Why is due diligence required when strategically planning?
6. How is research regarding strategic planning documented within your organisation?
7. Why is it important to record strategic changes for the future?
8. How is information regarding strategic plans circulated within your organisation?
9. Why is it important to communicate details of the plan and why is this useful?
10. What performance indicators could be used to assess the success of a strategic plan?
11. What is the purpose of reviewing a strategic plan at agreed milestones and after implementation?
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