Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: XXXXXXXXXX CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000...

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i want the solution of assessment tasks 1,2,3 & 4. Please make sure the file must be in MS Word, thank you.


Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMGT616 Develop and implement strategic plans Version 1.0 Approved date: 01 July 2018 Review Date: 01 July 2020 Approved by CEO Page 1 of 33 Student Assessment Tasks BSBMGT616 Develop and implement strategic plans Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMGT616 Develop and implement strategic plans Version 1.0 Approved date: 01 July 2018 Review Date: 01 July 2020 Approved by CEO Page 2 of 33 Table of Contents Table of Contents 2 Assessment Information 3 Assessment Instructions 5 Student Assessment Agreement 7 Assessment Task 1 Cover Sheet 8 Assessment Task 1: Written Questions 10 Assessment Task 1 Instructions 12 Assessment Task 1 Checklist 14 Assessment Task 2 Cover Sheet 15 Assessment Task 2: Organisational vision and mission project 17 Assessment Task 2 Instructions 18 Assessment Task 2 Checklist 22 Assessment Task 3 Cover Sheet 23 Assessment Task 3: Research and develop strategic plan project 25 Assessment Task 3 Instructions 27 Assessment Task 3 Checklist 29 Assessment Task 4 Cover Sheet 30 Assessment Task 4: Strategic Plan performance monitoring 31 Assessment Task 4 Instructions 32 Assessment Task 4 Checklist 33 Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMGT616 Develop and implement strategic plans Version 1.0 Approved date: 01 July 2018 Review Date: 01 July 2020 Approved by CEO Page 3 of 33 Assessment Information The assessment tasks for BSBMGT616 Develop and implement strategic plans are included in this Student Assessment Tasks booklet and outlined in the assessment plan below. To be assessed as competent for this unit, you must complete all of the assessment tasks satisfactorily. Assessment Plan Assessment Task Overview 1. Written questions You must correctly answer all questions. 2. Organisational vision and mission project You must meet with Senior Managers to confirm organisational vision, mission and values and strategic objectives. 3. Research and develop strategic plan project You must develop a PESTLE and SWOT analysis for inclusion in the strategic plan, as well as develop strategic plan. 4. Strategic plan performance monitoring project You must monitor and adapt the strategic plan. Assessment Preparation Please read through this assessment thoroughly before beginning any tasks. Ask your assessor for clarification if you have any questions at all. When you have read and understood this unit’s assessment tasks, print out the Student Assessment Agreement. Fill it out, sign it, and hand it to your assessor, who will countersign it and then keep it on file. Keep a copy of all of your work, as the work submitted to your assessor will not be returned to you. Assessment appeals If you do not agree with an assessment decision, you can make an assessment appeal as per your RTO’s assessment appeals process. You have the right to appeal the outcome of assessment decisions if they feel they have been dealt with unfairly or have other appropriate grounds for an appeal. Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMGT616 Develop and implement strategic plans Version 1.0 Approved date: 01 July 2018 Review Date: 01 July 2020 Approved by CEO Page 4 of 33 Naming electronic documents It is important that you name the documents that you create for this Assessment Task in a logical manner. Each should include:  Course identification code  Assessment Task number  Document title (if appropriate)  Student name  Date it was created For example, BSBMGT616 AT3 Strategic Plan Joan Smith 20/10/18 Additional Resources You will be provided with the following resources you begin Assessment Task 3.  Strategic Plan Template Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMGT616 Develop and implement strategic plans Version 1.0 Approved date: 01 July 2018 Review Date: 01 July 2020 Approved by CEO Page 5 of 33 Assessment Instructions Each assessment task in this booklet consists of the following: Assessment Task Cover Sheet This must be filled out, signed and submitted together with your assessment responses. If you are submitting hardcopy, the Cover Sheet should be the first page of each task’s submission. If you are submitting electronically, print out the cover sheet, fill it out and sign it, then scan this and submit the file. The Assessment Task Cover Sheet will be returned to you with the outcome of the assessment, which will be satisfactory (S) or unsatisfactory (U). If your work has been assessed as being not satisfactory, your assessor will include written feedback in the Assessment Task Cover Sheet giving reasons why. Your assessor will also discuss this verbally with you and provide advice on re-assessment opportunities as per your RTO’s re-assessment policy. Depending on the task, this may include  resubmitting incorrect answers to questions (such as short answer questions and case studies)  resubmitting part or all of a project, depending on how the error impacts on the total outcome of the task  redoing a role play after being provided with appropriate feedback about your performance  being observed a second (or third time) undertaking any tasks/activities that were not satisfactorily completed the first time, after being provided with appropriate feedback. Assessment Task Information This gives you:  a summary of the assessment task  information on the resources to be used  submission requirements  re-submission opportunities if required Assessment Task Instructions These give questions to answer or tasks which are to be completed. Your answers need to be typed up using software as indicated in the Assessment Task Instructions. Copy and paste each task’s instructions into a new document and use this as the basis for your assessment task submission. Include this document’s header and footer. If you are submitting electronically, give the document a file name that includes the unit identification number, the task number, your name and the date. Checklist Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMGT616 Develop and implement strategic plans Version 1.0 Approved date: 01 July 2018 Review Date: 01 July 2020 Approved by CEO Page 6 of 33 This will be used by your assessor to mark your assessment. Read through this as part of your preparation before beginning the assessment task. It will give you a good idea of what your assessor will be looking for when marking your responses. Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMGT616 Develop and implement strategic plans Version 1.0 Approved date: 01 July 2018 Review Date: 01 July 2020 Approved by CEO Page 7 of 33 Student Assessment Agreement Make sure you read through the assessments in this booklet before you fill out and sign the agreement below. If there is anything that you are unsure of, consult your assessor prior to signing this agreement. Have you read the assessment requirements for this unit?  Yes  No Do you understand the requirements of the assessments for this unit?  Yes  No Do you agree to the way in which you are being assessed?  Yes  No Do you have any specific needs that should be considered?  Yes  No If so, explain these in the space below. Do you understand your rights to re-assessment?  Yes  No Do you understand your right to appeal the decisions made in an assessment?  Yes  No Student name Student number Student signature Date Assessor name Assessor signature Date Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW 2000 Phone: (02) 8937 0969 Email: [email protected] Website: www.mbc.nsw.edu.au Assessment tasks for BSBMGT616 Develop and implement strategic plans Version 1.0 Approved date: 01 July 2018 Review Date: 01 July 2020 Approved by CEO Page 8 of 33 Assessment Task 1 Cover Sheet Student Declaration To be filled out and submitted with assessment responses  I declare that this task is all my own work and I have not cheated or plagiarised the work or colluded with any other student(s).  I understand that if I If I am found to have plagiarised, cheated or colluded, action will be taken against me according to the process explained to me.  I have correctly referenced all resources and reference texts throughout these assessment tasks. Student name Student ID number Student signature Date Assessor declaration  I hereby certify that this student has been assessed by me and
Answered 3 days AfterNov 23, 2021

Answer To: Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: XXXXXXXXXX...

Parul answered on Nov 26 2021
107 Votes
Assignment I
Ans 1. The three example of risks that should be taken into account in developing and implementing strategic plans are mentioned below
· Economic Uncertainty - The emergence of economic decline may compel one to alter the implementation plan as per the external environment.
· Competitive Factors- There can be an intense rivalry that can demand to pivot the implementation strategy. While old players established oneself, we find new players disrupting the market with new services.
· Attrition of Employees - Delay in the implementation of the project can also be result from attriti
on of intellectual capital. Furthermore, it takes investment of time to find a relevant replacement with equivalent knowledge and skills.
Ans 2. Risk management strategies that can be utilized when developing and implementing strategic plans
1. Transfer of Risk is a strategy by the virtue of which primary risk is transferred to an external party who will face the consequence and assume the risk on behalf of the organization.
2. Reduction of Risk is another strategy that can be leveraged to minimize the impact of the risk. Important measures are taken such that overall influence of the risk is reduced.
Ans 3 Risk management strategy that can be used to manage intellectual property risk that is inherent in strategic planning is leveraging the Non-Disclosure Documents (NDA) signed. Instead of directly connecting with your employees and associates it is always better to ask them to sign a non-disclosure agreement. This legally binding document ensure the confidentiality for the business and minimize the risk of intellectual property.
Ans 4. Benefit of conducting a SWOT analysis
SWOT Analysis is an essential framework that is leveraged to comprehend what are the internal and external parameters that can influence an organization. SWOT is short for Strength, Weakness, Opportunities and Threats, where the former are internal forces while the latter are external forces. Strengths and Weakness are analyzing the organization from an internal perspective perhaps more like looking inside into the core of the business. While on the other hand opportunities and threats throws light on the external situations and conditions that a specific business is operating.
Ans 5. Four examples of the questions that could be used when conducting a SWOT analysis
1. What are the core competencies of the business?
2. What are the challenges that the business is facing
3. What are different growth strategy that organization can leverage?
4. How is the competition placed vis-a-vis the business and how is the force applied on the organization.
Ans 6. PESTLE is another integral management tool, which is used to analyze external conditions that an organization is operating in. This framework offers comprehensive overview to formulate a concrete business strategy. PESTLE facilitate the understanding of overall business dynamics. Furthermore, it encourages coming up with proactive measures to manage various external factors. Therefore, PESTLE is one of the important framework that enable the organization to comprehend the future market trends as well as threats such that required actions can be taken in order to avoid or minimize their impact.
Ans 7. Four examples of questions that could be used while conducting the PESTLE analysis
1. How is the political climate in specific geography where either business is operating or business is anticipating to expand in specific dynamics.
2. What is the nature of economic trends? Is their increase in the economic activity or decrease in economic operations?
3. How technology been leveraged in specific industry of the business? What are the new technological trends that are operating?
4. What the Legal laws, which are essential to be complied with such that organization doesn’t land up in any legal trouble.
5. Is organization focused on sustainable ways of development?
Ans.8 Two Internal source information that business could leverage to identify about the market etc.
1. Organization Database that stores all the important data with respect to customer base, product sales, projections in sales etc.
2. Intranet of the Organization - Internal network that stores and publish important resources like employee handbook, mission, vision and values of the organization.
Ans 9. Two external sources of information that business could leverage to find out about its market, competitors, customer base, vision, values and capabilities
1. Annual Reports - Referring to the annual reports of the competitors that can give the exhaustive list of all the activities performed by organizations.
2. Press Releases - Staying abreast with market trends, emergence of new dynamics and disruptions taking place.
Ans 10. Purpose of Developing Organizational Values
The values of organization explains the core ethics and principles that a company can abide by irrespective of whatever be circumstance. Organizational values inspires employees to put their best foot forward, perform to full of their abilities and align their actions to attain their targets and missions. Essentially the values forms an integral aspect of the business strategy helping in delivering the ethical character in the overall operations and building a strong work culture.
Assignment II
To: Andreas Eyring
From: Jennifer Paulson
Date: 25th November, 2021
Subject: Discussion on Company Values, Mission and Vision and Meeting Highlights
The Code of Ethics as well as Business Ethics highlights individual responsibilities of
· The Chief Executive (CS) as well as NSW State
All the leaders and senior management needs to demonstrate ethical leadership, accountability as well as ownership towards implementing ethical business practices
Employees in complying with the Code and demonstrating behaviour that contributes to an ethical, efficient as well as effective workplace
The Ethical Practices and Code offers strong grounds to make decisions. The primary...
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