BSBINN601: Analyzing Organizational Objectives for Strategic Change

This assignment solution for BSBINN601 provides a detailed analysis of strategic change requirements within an organization. It covers identifying strategic change needs through organizational objective analysis, reviewing financial data to ascertain profit and loss areas, and evaluating existing policies against strategic objectives. The solution also addresses monitoring external environmental factors, identifying operational change requirements due to performance gaps, business opportunities, threats, and managerial changes, and analyzing cash flow trends. Furthermore, it emphasizes the importance of reviewing and prioritizing change requirements with relevant managers and specialists. The document includes practical examples and explanations, offering a comprehensive understanding of the key concepts. Desklib provides this document and many other resources to aid students in their studies.

Assessment coversheet
STUDENT NAME MOILE NO
EMAIL
STUDENT ID NUMBER DUE DATE
UNIT NUMBER LEAD AND MANAGE
ORGANIZATIONAL
CHANGE
COURSE
ENROLLMENT
ADVANCE DIPLOMA
OF BUSINES
UNIT CODE BSBINN601 ASSESSMENT
NUMBER
STUDENT SIGNATURE DATE
RECEIPENT OF ASSESSEMNT
TEACHER NAME DATE
TEACHER SIGNATURE RESULT
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Contents
Activity 1A................................................................................................................................4
Activity 1A................................................................................................................................6
Activity 1B.................................................................................................................................7
Activity 1C..............................................................................................................................10
Activity 1D..............................................................................................................................13
Activity 1D..............................................................................................................................15
Activity 1E...............................................................................................................................19
Activity 1F...............................................................................................................................21
Activity 2A..............................................................................................................................23
Activity 2A..............................................................................................................................26
Activity 2B...............................................................................................................................29
Activity 2D..............................................................................................................................32
Activity 2E...............................................................................................................................33
Activity 3A..............................................................................................................................35
Activity 3B...............................................................................................................................37
Activity 3B...............................................................................................................................38
Activity 3C..............................................................................................................................39
Activity 3C..............................................................................................................................40
When, where and how will the consultation take place?................................................40
Activity 3D..............................................................................................................................42
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Activity 3D..............................................................................................................................43
Activity 3E...............................................................................................................................45
Activity 3E...............................................................................................................................46
Activity 3F...............................................................................................................................48
Activity 3F...............................................................................................................................49
Activity 3G..............................................................................................................................50
Skills and Knowledge Activities............................................................................................52
Activity 4A.............................................................................................................................52
Activity 4c...............................................................................................................................54
Activity 4D.............................................................................................................................56
Major Activity........................................................................................................................58
References...............................................................................................................................64
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Activity 1A
Estimated
Time
10 Minutes
Objective To provide you with an opportunity to Identify Strategic change needs
through an analyses of organizational objectives.
Activity Why it is important to analyses the organizational objectives when
Identifying change requirements or opportunities.
Objectives are very important for analysing the organisational goal when
there is no goals how an employee can increase their efficiency of doing
work it motivate them to achieve the goals with their hard work and for this
it is necessary the objectives are to be made, when the objectives are set it
makes much easier to improve the skills and productivity.
Give three Examples of the type of strategic change that may be
required as a result of analyses of organizational objective.
Three examples of the type of strategic change that may be required as a
result of an analysis of organisational objective.
 The location where the business should be start – Sometimes it
happens that the owner of the business opt their business where they
live but according the fact and strategy they have to locate closer
their business where the no. of customers and investors.
 The owner’s role in future- If an owner is taking care of the
responsibilities and always focus on the goal to achieve it effectively
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or if owner can give his work to someone who has a better
information and experience then the owner have.
 To work with the good investors- for growing the business rapidly it
is very necessary to work with a good investor whose financial
condition is very strong in some circumstances if the company bears
loss.
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Activity 1A
Estimated
Time
20 Minutes
Objective To provide you with an opportunity to review and analyse previous
financial data to establish areas which have generated a profit or loss.
Activity Identify an area of business and explain how you could use different form of
current and present financial data to ascertain whether the department made a
profit or loss.
In order to identify profit and loss in the organization various different forms
of financial data are being used which are explained below:
- Cash Flow
- Analyzing the financial statement
- Profit and loss statement
- Balance sheet
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Example of the estimation of profit or loss.
Activity 1B
Estimated 10 Minutes
7

Time
Objective To provide you with an opportunity to review existing policies and
practices against strategic objectives to identify where the changes are
required.
Activity Why should existing policies and practices be reviewed against strategic
objectives?
It is a well-known fact that the Board is only responsible for the full control
of an organisation. A policy can’t be brought into effect without taking prior
approval from the Board. It is essential to review the existing policies and
practices in order to ensure that whether these policies are implemented in
the way these were intended to be and also to know that how often these are
used and what are the results for that. There comes a need to check the
accessibility. It is all to know that whether these could be useful or are
relevant in the changed circumstances or not just like in resident population,
legislation, etc.
Imagine that an organization has new strategic objectives concerning
the introduction of new technology throughout the business which will
affect all employees. Which types of policies and practices may need to
be reviewed in the light of these objectives?
1. Preparing budget
2. Trainers are adopted so that use of technology can be earned
3. Demo classes are taken for learning the process
4. Technology is being adopted according to the current market
situation.
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5. Time limit is being set so that each of the activity is being
completed.
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Activity 1C
Estimated
Time
20 Minutes
Objective To provide you with an opportunity to monitor the external
environment to identify events or trends that impact on the achievement
or organizational objectives.
Activity Give six examples of the types of external trends or events that may
impact on achievement of the organization’s objectives.
Economy:
Deals depend upon the abundance of a populace, or in any event, on the
capacity for that populace to obtain cash to influence their buys (to credit).
So when monetary conditions aren't brilliant, you have to modify your
methodology.
Politics:
This typifies everything from licensed innovation laws to zoning limitations
to antitrust laws to representative and purchaser security directions. There
are for all intents and purposes zero parts of the business that are not
specifically affected by the legislative issues of where the business is found.
Nature:
Pressure from natural gatherings can likewise change a business' procedure.
For example, when organizations are seen as negatively affecting the regular
habitat around them. The dangerous atmospheric deviation debate could
likewise have an impact if your key arranging, as lawmakers consider
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carbon charges and different measures.
Technologies:
Innovation, particularly when generally embraced quickly, is dependably a
noteworthy disruptor and distinct advantage, and there are numerous cases
of industry leaders who disregarded mechanical change and languished
enormously over it.
Law:
Government controls, for example, those that influence the environment or
correspondence are outside your ability to control and could directly affect
your business.
Finance:
The finance can become an influence factor for the business or organization.
The can increased the business or business because the funds are required
for the financial growth.
Using PESTLE analysing tools identify three current factors in each
category which affects your industry sector.
Current Trends
Political policy, tax, trade control
Economic GDP, interest rate, economic growth.
Sociological employment, social mobility, income
Legal License, project patent, safety protocols.
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Environmental Environmental Law, leadership, management.
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