Course Title: Develop and implement strategic plans

Part B: Course Detail

Teaching Period: Term1 2017

Course Code: BUSM7927C

Course Title: Develop and implement strategic plans

School: 650T Vocational Business Education

Campus: City Campus

Program: C6155 - Advanced Diploma of Marketing and Communication

Course Contact: Sally Parrott

Course Contact Phone: +61 3 99255175

Course Contact Email: sally.parrott@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Elaine Holstein

elaine.holstein@rmit.edu.au

Ph: 9925 5155

Nominal Hours: 80

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None

Course Description

 

This unit describes the skills and knowledge required to establish the strategic direction of the organisation, sustain competitive advantage and enhance competitiveness. It covers analysis and interpretation of relevant markets, capability assessment of the organisation and analysis of the organisation’s existing and potential competitors and allies. It also covers implementation of the strategic plan and developing specific actions and initiatives that will be undertaken by people working in various roles.

It applies to individuals working in senior roles in the organisation who have responsibility for ensuring that the organisation is positioned to ensure its long-term viability and success.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBMGT616 Develop and implement strategic plans

Element:

1. Confirm organisational vision and mission

Performance Criteria:

1.1 Check with stakeholders that organisational vision and mission are still held to be current and are supported

1.2 Make any changes or refinements to vision or mission statement as required

1.3 Review or develop organisational values to support the vision and mission statement

1.4 Gain support for strategic planning process from all relevant stakeholders 

Element:

2. Analyse the internal and external environment

Performance Criteria:

2.1 Determine information requirements and undertake or commission research to deliver relevant information

2.2 Analyse political, economic, social, and technological developments in a global context

2.3 Seek advice from appropriate experts wherever necessary

2.4 Identify and consider strengths and weaknesses of existing and potential competitors and allies

2.5 Analyse organisation’s strengths, weaknesses, opportunities and threats

2.6 Consider cooperative ventures that are supported by risk and cost benefit analyses, are consistent with the organisational vision, mission and values and provide for due diligence

2.7 Check that analysis of internal and external environment is consistent with the perspectives of other informed people

Element:

3. Write strategic plan

Performance Criteria:

3.1 Document relevant research and background for inclusion in the strategic plan

3.2 Formulate strategic objectives and strategies needed for the future

3.3 Detail each strategy with an assigned priority, a timeframe, responsible parties and measurable performance indicators

3.4 Circulate strategic plan for comment, support and endorsement

Element:

4. Implement strategic plan

Performance Criteria:

 

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 achievement of objectives at agreed milestones

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


Learning Outcomes



Details of Learning Activities

This course is structured to provide students with the optimum learning experience. Students will participate in a combination of group and individual learning activities. These activities will be provided through a combination of face to face teacher/student deliveries plus classroom work time. Additional learning activities will also be provided to students to complete outside of timetabled time.


Teaching Schedule

 

 

 

Weekly schedule of content and assessments

 

BSBMGT616 Develop and implement strategic plans BSBMKG609 Develop a marketing plan

Semester 1 2017

 

Week number

Week beginning

Topic

Assessments

1

6th Feb

Course Induction

 Overview of the specific technology required for this course

 

Introductory Activities

Team work/communications ice-breaker

 

 

2

13th Feb

Using business strategy to drive marketing strategy understanding the inter-relationships of an organisation’s key strategic planning documents

 

Overview of the business planning process

Overview of the Marketing Planning Process

 

Assessments 1, 2 and 3

 

3

20th Feb

Business plan deconstructed

 

 

 

Assessments 1, 2 and 3

Task 1 commences and continues throughout the semester

4

27th Feb

Business plan deconstructed

 

Assessments 1, 2 and 3

5

6th March

Developing our marketing plan

 

Creating the vision

Engaging the vision

Developing and marketing objectives:

Identifying and engaging key stakeholders

Application to product/service lifecycle

 

Assessments 1, 2 and 3

 

6

13th March

Current situational analysis:

                        

Evaluation of existing marketing activities

Market condition evaluation

Customer analysis

Competitor analysis

Marketing Technology and systems employed

 

Technical forces:

Impact of technology

Adoption and use of technology

 

Assessments 1, 2 and 3

7

20th march

Developing a competitive position- the heart and mind of the customer

 

Customer segmentation

Customer targeting

Market positioning

Competitive advantage – USP’s

Competitor differentiation

Branding

 

Assessments 1, 2 and 3

8

27th March

Development of marketing tactics part 1:

 

Product /service

Pricing strategies and structure

Distribution

People

Processes

Physical evidence

 

Assessments 1, 2 and 3

 

9

3rd April

Development of marketing tactics part 2:

 

Product /service

Pricing strategies and structure

Distribution

People

Processes

Physical evidence

 

Assessment 2 due

 

10

10th April

Marketing Communications

 

Key messages

Advertising

Direct marketing

Personal selling

Sales promotion

E-marketing

 

Assessments 1 and 3

Task 2 part 1 due

 

 

 

Mid semester break and Easter 13-19 April

 

11

24th April

Control and management:

 

Resources and structure

Responsibilities

Budgets – why develop comprehensive forecasts

Project Plan of activities and scheduling

Comprehensive stakeholder management plan and actions

Identifying risks and developing a risk management strategy as part of plans

Assessments 1 and 3

 

12

1st May

Review and measurement:

 

Measurement criteria and scheduling

Balanced scorecard structure & methodology

Milestones

Targets

Supporting technology and software.

 

Assessments 1 and 3

 

13

8th May

Group focus development of marketing plans review and teacher/group consultation

Assessments 1 and 3

 

14

15th May

Finalise group marketing plans

Assessments 1 and 3

 

 

15

22nd May

Preparation of client presentations within individual /group contexts

Task 3

Task 2 Part 2 Due

 

16

29th May

Client presentations

 

resits of major assignments if required

 

Task 3 Due continued

 

 

 


Learning Resources

Prescribed Texts


References


Other Resources

Resources will be provided to students throughout the semester as required.


Overview of Assessment

In order to be competent in this unit you must show evidence of:

Performance Evidence
Evidence of the 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.

Knowledge Evidence
To complete the unit requirements safely and effectively, the individual must:
• outline the legislation, regulations and codes of practice relevant to the organisation’s strategic plan.
• give examples of risks and risk management strategies relevant to strategic planning including:
• intellectual property rights and responsibilities
• other risks
• outline strategic planning methodologies including political, economic, social and technological (PEST) analysis and strengths, weaknesses, opportunities and threats analysis (SWOT)
• identify internal and external sources of information relevant to the organisation's market, competitors, customer base, vision, values and capabilities
• outline techniques for developing organisational values.


Assessment Tasks

Assessment task 1

Student lead workshops

Completed in groups of 2 or 3

Due date: weekly from week 3

This task will be completed in groups of 2 and involves the selection of a content area of interest to the student group workshop topic from those presented on the group wiki. Students will then research the selected topic and run a 30 minute mini workshop for the broader class group. They must include a combination of both informal (verbal presentation) and formal (written format) communications. Students must also seek audience questions and be prepared with answers that demonstrate some understanding of the topic in question.

 

 

 Assessment task 2 parts 1 and 2

 

 

 

 

 

Developing and implementing strategic plans

 

 

Part 1 - 23:59 Sunday 9th April 2017

 

This part of the assessment is worth 40% of the total course grade

 

Part 2 – 23:59 Thursday 25th May

This part of the assessment is worth 40% of the total course grade including the presentation which is worth 15%

Groups assignment no more than 3

 

 

 

 

 

This task will be completed in groups of 3. It is the first part of a 2 part major assessment. Students are to assume the role of management consultant to the chosen WIL client for this semester. They have been engaged by this organisation to identify business and marketing opportunities and prepare comprehensive marketing plans and tactics to address the problem identified in the client brief which will be distributed in the first week of semester 2.

Assessment 2 will be completed in 2 parts


Assessment Matrix

Marking Guide (Competency):

You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying. You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.


Marking Guide (Grading)
After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:

Final Grades table:

CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved – Graded
NYC Not Yet Competent
DNS Did Not Submit for assessment

Further information regarding the application of the grading criteria will be provided by your teacher. 

Other Information

Late Submission Procedures

You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates. If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.

More Information: http://www.rmit.edu.au/students/assessment/extension

Form to use: http://mams.rmit.edu.au/seca86tti4g4z.pdf

Where an extension of greater than seven days is needed, you must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination.

More Information: http://www.rmit.edu.au/browse;ID=g43abm17hc9w

Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf

Resubmissions (VET Programs):

If you are found to be unsuccessful in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.

If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.

Adjustments to Assessment

In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website More Information: http://rmit.edu.au/browse;ID=7usdbki

Course Overview: Access Course Overview