BSBRES401A Analyse and present research information BSBMGT616 Develop and implement strategic plans Session 1 Assessment Resource – PPT – BSBMGT616 – Develop and implement strategic plans V 2.0: May...

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BSBRES401A Analyse and present research information BSBMGT616 Develop and implement strategic plans Session 1 Assessment Resource – PPT – BSBMGT616 – Develop and implement strategic plans V 2.0: May 2020, Approved: QAC, Next Review: December 2020 International College of Tasmania Pty Ltd trading as: TasCollege RTO Code: 45352 | CRICOS Code: 03683K Purpose of this presentation At the end of this session, you should be able to:  demonstrate an understanding of the strategic planning process  refine the vision and mission  review organisational values  gain stakeholder support. Understand the strategic planning process Decision making Long-term impact Integration Implemen- tation Value Outperforming competitors  There are many strategic planning models.  Aims to achieve strategic alignment across an organisation. Six aspects of strategy Refine the vision and mission  Refine and make changes (where needed) to your current vision.  Strategy should be consistent with the requirements of current and future environments. Vision Mission Core values StrategiesGoals Action plans Elements of organisational strategic framework © Innovation and Business Industry Skills Council Ltd. Review organisational values  Identify your organisation’s values.  Changing values means changing culture.  Culture, or ‘how things are done around here’, must be aligned with the strategy.  New values and culture must be implemented and reaffirmed to everyone. © Innovation and Business Industry Skills Council Ltd. Gain stakeholder support  Identify who your stakeholders are.  Analyse stakeholders’ involvement in the organisation and the effect any changes will have on their role.  Involve key stakeholders in the planning process and keep them informed. © Innovation and Business Industry Skills Council Ltd. The next step You should now be able to:  demonstrate an understanding of the strategic planning process  refine the vision and mission  review organisational values  gain stakeholder support. © Innovation and Business Industry Skills Council Ltd. BSBMGT616 Develop and implement strategic plans Session 2 Purpose of this presentation At the end of this session, you should be able to:  conduct research  analyse the external environment  analyse the internal environment  assess co-operative ventures  draft priority issues. © Innovation and Business Industry Skills Council Ltd. Conduct research  collect data  essential qualities of information  primary data collection techniques  secondary data collection techniques  trends analysis  consultants. © Innovation and Business Industry Skills Council Ltd. Analyse external environment  macro environment factors  micro environment factors  PEST  Five Forces Analysis. Competitive rivalry Threat of entry Power of buyers Power of suppliers Threat of substitutes © Innovation and Business Industry Skills Council Ltd. Analyse internal environment  value chain analysis. Activity analysis Value analysis Planning strategies © Innovation and Business Industry Skills Council Ltd. Strengths Weaknesses Opportunities Threats  SWOT analysis Assess cooperative ventures  risk  cost-benefit due diligence. © Innovation and Business Industry Skills Council Ltd. Draft priority issues  identify gaps  priority matrix. © Innovation and Business Industry Skills Council Ltd. The next step You should now be able to:  conduct research  analyse the external environment  analyse the internal environment  assess co-operative ventures  draft priority issues. © Innovation and Business Industry Skills Council Ltd. BSBMGT616 Develop and implement strategic plans Session 3 Purpose of this presentation At the end of this session, you should be able to:  document research  determine the format of the strategic plan  outline strategic requirements  gain support for the strategic plan. © Innovation and Business Industry Skills Council Ltd. Document the research  format the research  write the research report  organisational requirements. © Innovation and Business Industry Skills Council Ltd. Determine the format  Strategic plan template. © Innovation and Business Industry Skills Council Ltd. Outline strategic requirements  components of strategic initiatives  strategic improvements  writing strategies. © Innovation and Business Industry Skills Council Ltd. Gain support for the plan Two key elements:  management support  employee involvement. © Innovation and Business Industry Skills Council Ltd. The next step You should now be able to:  document research  determine the format of the strategic plan  outline strategic requirements  gain support for the plan. © Innovation and Business Industry Skills Council Ltd. BSBMGT616 Develop and implement strategic plans Session 4 Purpose of this presentation At the end of this session, you should be able to:  communicate the strategic plan  monitor and evaluate progress of the plan  review and revise the plan. © Innovation and Business Industry Skills Council Ltd. Communicate the strategic plan  obstacles to effective communication  briefing employees  communication methods  distribution of the plan. © Innovation and Business Industry Skills Council Ltd. Monitor and evaluate progress  establish key performance indicators  responsibility  monitoring tools. Key • make or break component Performance • measurable and quantifiable Indicator • provides information usable for future performance © Innovation and Business Industry Skills Council Ltd. Review and revise the plan  comparing performance  benchmarking. © Innovation and Business Industry Skills Council Ltd. The next step You should now be able to:  communicate the strategic plan  monitor and evaluate progress of the plan  review and revise the plan. © Innovation and Business Industry Skills Council Ltd. Assessment Task – 2 Section 1. 1. Introduction (summarize the information of the company given in the case study -1) Existing Vision and Mission Vision: Mission: Values: Current approaches From the case study information provided, and your meeting with the key stakeholder/consultant, describe the current organisational understanding and enactment of the mission and vision statements. Meeting Notes: Any recommendation: Section 2: Existing mission and Vision Current approaches Revised Vision and Mission Based on steps 1 and 2 above, develop revised vision and mission statements that reflect the current organisational requirements. Organizational Values Based on the case study information provided, step 2 above, and your reflection on the revised mission/vision statements (from step 3), describe the organisational values required to support the revised mission and vision statements. section 3: Email to the stake holders Assessment Task-3 PEST analysis of Mackville Political factor · Environmental factor · Social factor · Technological factor · SWOT analysis of Mackville Strengths · Weaknesses · Opportunities · Threats · Potential competitors and their strengths and weaknesses Competitors Strengths Weaknesses Summary statement of each competitors/allies Meeting notes: Recommendation for strategic alliances