hi, i,ve attached 2 files. the file which is named as assignment you need to work on it and the other file is for the help. now when you will open the assignment file there is a a written activity...

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hi, i,ve attached 2 files. the file which is named as assignment you need to work on it and the other file is for the help. now when you will open the assignment file there is a a written activity which has three seperate tasks. you need to write all of them under 1800 wordsthen you will move to the written activity 2. here you need to answer the 5 questionsthen you will be working on activity 3 which has 8 questions. these questions can be answered 50 words each. lastly, please dont start working on the assignment before speaking to me. i need to speak with the expert over the phone coz i need to explain about what needs to be done in the assignment. so plzz dont start the assignment untill you speak to me over the phone.
thank you.


Unit code and name - Resource BSBMGT616 Develop and implement strategic plans LEARNER RESOURCE Spencer College 2 BSBMGT616 - Develop and implement strategic plans Version 2 T A B L E O F C O N T E N T S TABLE OF CONTENTS ........................................................................................................................................ 2 COURSE INTRODUCTION .................................................................................................................................. 4 ABOUT THIS GUIDE .................................................................................................................................................. 4 ABOUT THIS RESOURCE ...................................................................................................................................... 4 ABOUT ASSESSMENT .......................................................................................................................................... 5 ELEMENTS AND PERFORMANCE CRITERIA ....................................................................................................... 7 EVIDENCE REQUIREMENTS .............................................................................................................................. 9 KNOWLEDGE EVIDENCE ............................................................................................................................................ 9 PERFORMANCE EVIDENCE ......................................................................................................................................... 9 ASSESSMENT CONDITIONS ............................................................................................................................ 11 PRE-REQUISITES ............................................................................................................................................. 11 TOPIC 1 – CONFIRM ORGANISATIONAL VISION AND MISSION ....................................................................... 12 WHAT IS A STRATEGY? ........................................................................................................................................... 12 WHAT IS A VISION STATEMENT? ............................................................................................................................... 13 WHAT IS A MISSION STATEMENT? ...............................................................
Answered Same DayNov 20, 2021BSBMGT616Training.Gov.Au

Answer To: hi, i,ve attached 2 files. the file which is named as assignment you need to work on it and the...

Priyanka answered on Nov 24 2021
144 Votes
Task 1
1. Review, Analyse and Development phase:
a. Access an organisation’s Vision and Mission Statements.
Walmart Inc. is a retailer and is considered one of the largest players in the world as far as several staff members and revenue generation is concerned (Thomson, 2009). Its mission and vision statements are based on the guiding principles of their business operations. The mission statement of the organisation is related to saving the money of people to help them live better. All the strategic decisions taken by the company are directly inclined towards this mission statement. The vision statement of the organisation is related to becoming the ultimate destination for potential customers to sa
ve money in everything that they want to buy. Its vision is also related to becoming the best retailer by winning the Minds and hearts of the internal and external customers (Hollenbeck and Zinkhan, 2010).
b. Consult stakeholders and refine the vision/mission as necessary, gaining support for the strategic planning process.
The strategic planning of Walmart is towards minimizing the costs to achieve financial profits (Hollenbeck and Zinkhan, 2010). Considering the stakeholders of the company, it is very necessary to bring efficiency in the execution of the operations to achieve profits over revenues. The necessary refinement in the Vision and Mission statements of the organisation are market penetration and expanding the customer base (Thomson, 2009). The Other important refinement in the Vision and Mission statements of the organisation is promoting online shopping.
c. Align organisational Values Statement with the vision/mission.
The value statement of Walmart is related to culture. They take care of the culture of the places where they are delivering the services. This is how the connect with the existing and potential customers. The team leaders of all the departments of the organisation are well experienced and brilliant who act with integrity in providing the best quality services to the customers. Since they respect the cultural values of the people, the employees do their work with dedication. As a result of following their value statement, they are capable of establishing good professional relations with their suppliers, and other entities who help them in delivering the product to the customers at the least possible prices which are following the Vision and Mission statement of the organisation (Thomson, 2009).
d. Demonstrate knowledge and skills by researching and analysing information and data for use in a Strategic Plan for a selected organisation.
To make a strategic plan for Walmart, there will be the requirement of a set of information related to the mission, vision and value statement. It would also require an analysis of external and internal factors affecting the decisions of the organisation in delivering its products to the final customers (Thomson, 2009). There will be a need for identifying the potential issues that can come about in supply chain management and other management functions. The establishment of strategic goals would take place followed by the development of the staffing plan and strategies used for achieving the objectives concerning the Vision and Mission statement of the organisation (Hollenbeck and Zinkhan, 2010).
The skills needed to make a strategic plan are keen attention to all the details, good calculating skills, critical thinking, ability to define a mechanism for the input process, the ability to identify the objectives of the company and develop strategies to achieve them and logical thinking (Hollenbeck and Zinkhan, 2010).
e. Collect and collate information that will permit an Environmental Analysis covering both the Internal and External environments using; a Value Chain Analysis, a PEST (Political, Economic, Social and Technology) analysis, and SWOT (Strengths, Weaknesses, Opportunities and Threats) Analysis.
Value chain analysis: The value chain analysis of Walmart reflects its successful strategy in achieving cost leadership. The organisation has been one of the fastest organisations in expanding its presence internationally (Hollenbeck and Zinkhan, 2010). The organisation has also not been behind in establishing the popularity of its brand and the credit it goes to the most profitable deals offered by it. The success of its value chain management can be understood by the fact that it operates in more than 25 countries with over 11000 units. The organisation is a giant in the Retail Industry and it has more than 2 million people working for it. The organisation can boast of its unmatched leadership skills (Thomson, 2009). The value chain of the organisation has all the important activities that are carried out in the sales and production departments. It takes care of not only the end-user sale of the products but also the raw materials. The organisation manages to buy at the least prices from its suppliers because it makes a bulk purchase to manage the inbound logistics effectively. Operations of the organisation are growing by leaps and bounds with more and more retail brands getting associated with it (Hollenbeck and Zinkhan, 2010). Considering the outbound logistics, it manages its practices of supply chain management with cross Docking. Cross Docking is a concept of managing the distribution and transport of the products with the help of distribution centers and suppliers.
PEST analysis: Pest analysis will include political, economic, social and Technology factors to be taken into consideration. The political factors affecting the organisation in the Retail Industry can be the policies of the government, politically active groups in society, the stability of the government, support by the government, the pressure to increase the wages or salaries, etc. These factors can be challenging because the organisation promises to provide the products at low prices to the customers (Thomson, 2009). Economic factors can be the stability of the Nations, growth, and development of the country especially if it is developing and Employment rates because the organisation cannot provide huge salaries. The social factors raising concerns for the organisation are the trends in the Lifestyle of the people, diversity in the culture, urbanisation level of a society and acceptance to new ideas. The technological factors affecting the success of the organisation at a place can be automation in the business practices, Big Data Analytics, usage of mobile and other gadgets by the customers, etc. The target market following hi-tech products can be helping the organisation for executing its operations. the organisation is also promoting its E-Commerce platform (Hollenbeck and Zinkhan, 2010). It will be helpful for the organisation if the customers are well acquainted with the usage of applications and websites for making the orders. It will also help in generating the profit because online delivery can help in reducing the costs to a greater extent.
SWOT Analysis: SWOT means strengths, weaknesses, opportunities, and threats. The first strength of...
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