Course Title: Develop and implement strategic plans

BUSM6473C

City Campus

TAFE

365T Global, Urban and Social Studies

Face-to-Face

Elements:

1. Confirm organisation vision and mission

1.1 Stakeholders are consulted in an open and realistic way to engender support for the process

1.2   Expectations and requirements of the board/owners are being met

1.3   The mission, vision and purpose are consistent with the organisation’s stated values, and are realistic but challenging

2. Analyse the internal and external environment

2.1   Objectives are consistent with the environmental trend analyses, and forecasts have been developed

2.2   Objectives state clearly and in measurable terms, what the organisation needs to achieve

2.3   Strategies are developed in the context of meeting chosen product differentiation and cost structure objectives

2.4   Value adding activities are introduced, consistent with the value chain analysis and the strategic direction

2.5   Strategies take account of competitive advantages and disadvantages identified

2.6 Opportunities for strategic alliances and co-operative ventures are incorporated into the strategies

2.7   Benchmarking of all key operational and support activities is undertaken

2.8   Opportunities for the purchase of value adding activities externally have been thoroughly evaluated.

3. Write strategic plan

3.1   Processes for the evaluation of strategic performance are supported by key stakeholders and approved by the board/owners

3.2 Key Performance Indicators and other criteria for measurement of achievement are developed in advance of implementation

3.3 Performance measures address all key aspects of organisational performance, to meet the interests of stakeholders

3.4   Performance data is analysed on a regular and planned basis, in terms of the indicators, performance standards and other criteria developed

3.5   Successes and performance gaps are clearly identified and analysed as to cause and effect

3.6 Strategic performance is reported to all stakeholders in a transparent manner and meeting all compliance requirements

3.7 Objectives and strategies are reviewed, evaluated and revised where necessary

3.8   The organisation’s mission, vision and purpose are reviewed and revised where necessary

4. Implement Strategic Plan

4.1   Communicate strategic plan to all relevant parties

4.2   Brief people with a specific role in relation to strategies

4.3   Use performance indicators to monitor progress in implementing plan

4.4   Make necessary refinements to plan

4.5   Evaluate achievements of objectives at agreed milestones

4.6 Review effectiveness of plan and consider methods for improving strategic planning processes.

Assessment (Formative)

Online formative knowledge tests x 3

N/A

Assessment Two

Strategic business plan and assessment centre

2500 words