BSBMGT616: Develop And Implement Strategic Plans - Management Assessment Answer

Management Assessment Answer

• This is an individual assessment.
• The purpose of this assessment task is to assess thlegislationse students’ knowledge essential to develop and implement strategic plans in a range of contexts and industry settings.
• To make full and satisfactory responses you should consult a range of learning resources, other information such as handouts and textbooks, learners’ resources and slides.
• All questions must be answered in order to gain competency for this assessment.
• You may attach a separate sheet if required.
• You must include the following particulars in the footer section of each page of the attached sheets:

• You must staple the loose sheets together along with the cover page.
• You must attach the loose sheets chronologically as per the page numbers.
• Correction fluid and tape are not permitted. Please do any corrections by striking through the incorrect words with one or two lines and rewriting the correct words.

• Computer
• Internet
• MS Word
• Printer or e-printer
• Adobe Acrobat/reader

1. What is PEST Analysis? Write your answer in 50-100 words b. How can a PEST analysis assist businesses to monitor their internal and external environment to determine impacts on organisational objectives? Write your answer in 150-200 words.
2. What are the benefits of an organisation analysing PEST in a global context? Write your answer in 50-100 words

1. What is a SWOT analysis? Write your answer in 200-250 words. b. What are the steps to conduct a SWOT analysis for an organisation? Explain all the steps in 250-300 words.

1. Why is it necessary to consult with and brief people in a range of roles in relation to strategies? Write your answer in 150-200 words b. How can you structure this process to ensure the briefing process works? Write your answer in 150-200 words

1. Define organisational values. Write your answer in 100-150 words b. List the techniques used to develop organisational values. Write in 100 to 150 words.

1. Identify and explain four (4) types of risk that an organisation can encounter. Write your answer in 150-200 words b. Explain what intellectual property rights and responsibilities are and the risks associated with them. Write your answer in 200-250 words. c. How can you integrate risk management into strategic planning? Write your answer in  300-350 words

1. Define and identify four (4) internal sources of information. Write your answer in50-100 words b. Define and identify four (4) external sources of information. Write your answer in 50-100 words c. How are they relevant to an organisations market, competitors, customer base, vision, values and capabilities? Write your answer in 50-100 words

1. What is a cooperative venture? Write your answer in 30-50 words
2. What are the advantages of a cooperative venture? Write your answer in 150-200 words
3. What are the risks associated with a cooperative venture? Write your answer in 150-200 words
4. How can a cost-benefit analysis and due diligence ensure consistency with an organisations vision, mission and values? Write your answer in 150-200 words

1. Why should each strategy be assigned with a priority, a timeframe, responsible parties and measurable performance indicators? Write your answer in 200-250 words
2. Why is it important to develop action plans for strategies and how do you develop one? Write your answer in 200-250 words

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