Unit 7.10 Strategic Planning
Level 7 15 Credits
Sample Assignments
Scenario: You have recently been appointed as a Strategy Assistant in a major consultancy firm based in the City of London. As part of your training you have been asked by your manager to prepare a draft strategy plan for an organisation to show your capabilities as a strategic planner. You have been given a free choice of organisation, so your own business experience should be used to the maximum. Choose a company with a background you know well or have researched carefully.
Task 1
In preparation for drafting this strategy plan you should provide the following information:
• An explanation of the importance of external factors affecting your chosen organisation.
• An analysis of the needs and expectations of stakeholders of this organisation.
• An analysis of the major changes taking place in the external environment that will affect strategy.
• An analysis of the effects of current business plans, using appropriate tools.
• A review of the position of the organisation in its current market.
• An evaluation of the strengths and weaknesses of the organisation’s current business strategies in relation to its competitive situation in its market.
Task 2
Now before drafting the plan you should develop options for strategic planning for the organisation.
• Using appropriate modelling tools develop strategic options for the organisation.
• Develop a comparative understanding of competitor activity from other organisations in the market.
• Create options to form the basis of future organisational strategy.
Task 3
Construct a strategy plan for your organisation.
• Propose a suitable structure for a strategy plan that ensures appropriate participation from all stakeholders of the organisation.
• Develop criteria for reviewing potential options for a strategy plan.
• Write your strategy plan ensuring you include the resource implications.
Task 4
Having produced the strategy plan for your organisation, examine the factors which affect such plans.
• Compare core organisational values with the current business objectives of an organisation.
• Develop appropriate vision and mission statements for a named organisation.
• Produce agreed future management objectives for an organisation.
• Develop measures for evaluating a strategy plan.
Task 5
Plan for the implementation of your strategy plan.
• Develop a schedule in a tabular form which will be used for implementing your strategy plan.
• Devise a communications plan in a tabular format to support the roll out of the plan and to ensure the needs of all stakeholders are met.
• Design appropriate monitoring and evaluation systems for the strategy plan.
Guidelines for assessors
There is no suggested word count for the student’s assignment work in this unit. The assessment criteria for the unit specify the standard a learner is expected to meet. They demonstrate that the learning outcomes have been achieved. The suggested evidence listed below is how students can demonstrate that they have met the required standard.
1.
Task number Assessment criteria Suggested evidence
1. 1.1, 1.2, 1.3, 2.1, 2.2,
2.3 Written preparatory work for the strategy plan including explanations, analyses and a review using appropriate factors and named tools.
2. 3.1, 3.2, 3.3 Written preparatory work for the strategy plan using relevant analysis tools for strategic options and competitor activity.
3 4.1, 4.2, 4.3 A written strategy plan using an appropriate structure and presentation format for a document of this kind.
4 5.1, 5.2, 5.3, 5.4 Written responses addressing the factors affecting strategy plans.
5 6.1, 6.2, 6.3 Both a schedule and communications plan in tabulated form.
In addition a written explanation of relevant monitoring and evaluation systems, that can be used with strategic plans.
You May Also Find These Documents Helpful
-
Select at least two components of the strategic planning process to examine more closely. What interests you about each? What challenges are associated with each component?…
- 376 Words
- 1 Page
Satisfactory Essays -
forces and trends that must be taken into consideration while developing a strategic plan.in todays…
- 915 Words
- 4 Pages
Better Essays -
The paper gives an overview of L’Oréal: its short history, the current and previous strategy adopted by the company, the strategy analysis of its external and internal environment, its strategy formulation and the possible options. The French company has strong financial base, 45 factories and 18 research facilities worldwide. It is a market leader in the cosmetics industry with 28 international brands, operating in over 130 countries. The company could use their existing research facilities and production capacities under the strong global brands name to implement the propose new strategy to grow their business revenue.…
- 2569 Words
- 11 Pages
Best Essays -
The planning process begins with a situation analysis of the external and internal forces affecting the organization. This examination helps identify and diagnose issues and problems and may bring to the surface alternative goals and plans for the firm. Next, the advantages and disadvantages of these goals and plans should be evaluated against one another. Once a set of goals and a plan have been selected, implementation involves communicating the plan to employees, allocating resources, and making certain that other systems such as rewards and budgets are supporting the plan. Finally, planning requires instituting control systems to monitor progress toward the goals.…
- 1051 Words
- 5 Pages
Satisfactory Essays -
How would you decide which strategic and operational plans to use to achieve your goals?…
- 417 Words
- 2 Pages
Good Essays -
The plan should include a clear rationale together with mechanisms to support your team to achieve organisational objectives.…
- 708 Words
- 4 Pages
Satisfactory Essays -
Select an organisation upon which to undertake a detailed strategic review of its position and potential future development. Based on this organisation, prepare a management report which addresses the following:…
- 2850 Words
- 12 Pages
Powerful Essays -
Many books and articles describe how best to do strategic planning, and many go to much greater lengths than this planning response sheet, but our purpose here is to present the fundamental steps that must be taken in the strategic planning process. Below is a brief description of the five steps in the process. These steps are a recommendation, but not the only recipe for creating a strategic plan; other sources may recommend entirely different steps or variations of these steps. However, the steps outlined below describe the basic work that needs to be done and the typical products of the process. Thoughtful and creative planners will add spice to the mix or elegance to the presentation in order to develop a strategic plan that best suits their organization!…
- 4051 Words
- 116 Pages
Powerful Essays -
The objective is to complete a written plan that will suggest a practical Strategic Direction for a company.…
- 1183 Words
- 5 Pages
Good Essays -
Assume that you are asked to complete a SWOT analysis for a fictional, large, physician cardiology practice. You are having a hard time fitting all of the characteristics into the SWOT analysis categories. After careful deliberation, you complete the analysis and submit it for review to the practice manager.…
- 645 Words
- 3 Pages
Good Essays -
The history of Harley-Davidson began in 1903, in a 10 ' x 15 ' shed located in the Davidson family 's Milwaukee backyard. The Davidson brothers - William D., Walter, and Arthur – and William S. Harley crafted their first motorcycle using the best tools they had available – mostly their hands and their ingenuity.…
- 3287 Words
- 14 Pages
Powerful Essays -
Keeping in mind the goal of maximizing stakeholder wealth, companies should develop the strategic plans, which can help to move the business forward. “Strategic planning is an organization 's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people”…
- 851 Words
- 4 Pages
Good Essays -
You should now explain how the structure of the selected organisations helps them to fulfil their purpose. It is now important that you explore strategic planning for the organisation. You should answer the following questions:…
- 330 Words
- 2 Pages
Satisfactory Essays -
12. Strategy today has been forced to evolve to cope with an increasingly fast-paced and volatile environment, making…
- 8346 Words
- 34 Pages
Satisfactory Essays -
UW-Parkside is working to increase its international exchanges and welcomes many international students each year from a number of counties to its “Global Village” located in Pike River Suites. While these students travel to Parkside to life and learn the American culture, it is also equally important that UW-Parkside students learn from their culture. The largest group of exchange student for a number of years has been from China. The Pike River Suites kitchens are not friendly, and welcoming to Chinese students. This project will increase the usability of the Pike River Suites and the satisfaction of the kitchen facilities available to UW-Parkside’s Chinese exchange students. This project should be minimally invasive to the students currently living in Pike River Suites, but should be completed by the start of the Spring 2013 semester on February 1, 2013.…
- 889 Words
- 4 Pages
Satisfactory Essays