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
Answered 39 days AfterJan 25, 2021BSB61015

Answer To: BSBRES401A Analyse and present research information BSBMGT616 Develop and implement strategic plans...

Abhishek answered on Feb 01 2021
133 Votes
Assessment Resource Summary
BSB61015 ADVANCED DIPLOMA OF LEADERSHIP AND MANAGEMENT
BSBMGT616 DEVELOP AND IMPLEMENT STRATEGIC PLANS
Introduction
MacVille has been a successful import/export business centre in Sydney for the past two years.
They are aiming at becoming a national brand in the next five years.
They mainl
y operate in the hospitality industry and they plan to expand through the manufacturing of espresso coffee machines.
Existing Vision and Mission
The vision of the MacVille is to become a national brand in the next five years and an integral part of the hospitality industry.
The mission of the company is to provide coffee machines that make espresso, which are the definition of efficiency, reliability and sustainability.
They want to be considered as a key component in the success of the hospitality industry.
The design should be pleasing to clients and communities. The mission of the company is additionally to help communities to prosper.
Current Approaches
The values of the organisation have been maintained from the inception of the organisation.
The stakeholders are very much an integral part of how the company has shaped their values.
The stakeholder ensures that they play a supervisory rule and ensure that the company is functioning optimally. The key focus of the company has been to ensure their performance is up to the professional standards of the industry. The values also highlight the code of conduct the company has in place in all their functioning that they maintain.
Their teams are usually self-directed in order to nurture employees in leadership roles. The safety of the team is their top priority as well. The other priority is to ensure the various practices are environmentally friendly. The company aspires to ensure that their products are meaningful and whatever they invest time and energy is to contribute to the value giving process and ensure their customers benefit and enjoy the services/ products of the company.
PEST Analysis of MacVille
Political
The government plans a change in the trade and its functioning. So espresso coffee machines will be removed due to government’s free trade policy
The increase of the value of Australian dollar is also observed
There is a forecasted growth in the economy due to a resources boom
Economic
The espresso machines that are being developed use less energy to run.
Carbon tax may be introduced in all energy intensive products used in a commercial enterprise.
The energy used is reduce by 30 percent in comparison to other models
Social
The home consumer market for espresso machines has seen a high growth
Australia’s population is seeing a steady growth
Technology
They have an innovative and more efficient heat exchanger
The energy used is reduce by 30 percent in comparison to other models
SWOT Analysis of MacVille
Strengths
MacVille has a strong state of the art Management Information System, which is a key part of their infrastructure.\
Weaknesses
Inbound Logistics: There is a lack of experienced personnel in importation and customs operation. This causes the timelines of deliveries to be affected and delayed as the procedure that is normally in place
Opportunities
Emerging into the...
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