BSBMGT616 Develop and Implement Strategic Plans - Written Answers

Assessment Task 3 BSBMGT616 Develop and implement strategic
plans
Written questions and
answers
Submission details
The assessment task is due on the date specified by your assessor. Any
variations to this arrangement must be approved in writing by your
assessor.
Submit this document with any required evidence attached. See
specifications below
for details.
Performance objective
The candidate will demonstrate the ability to describe the skills and
knowledge required to establish the strategic direction of the organisation,
sustain competitive advantage and enhance competitiveness.
Assessment description
In this assessment task, you are required to provide answers to the
questions asked. You may use additional documents as required.
Procedure
1. Read and understand the questions clearly.
2. Provide answers to the questions asked.
3. Give examples from your own experience as far as possible.
4. Submit all documents required in the specifications below to your
assessor. Ensure you keep a copy of all work submitted for your
records.
Specifications
You must:
● meet with your assessor to clarify any confusion
● provide answers to all the questions
● submit your notes and any additional documents.
● If you utilise material from published authors make certain that you
cite and reference appropriately. If you do not know how to reference
discuss this with your assessor. Plagiarism is unacceptable.
Your assessor will be looking for your ability to:
● consult and communicate effectively with relevant stakeholders to:
 confirm or revise the organisation’s mission, vision and values
 validate findings of research and analysis
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RTO 41297 | CRICOS 03444C
Jan 2018 version: 2.0

Assessment Task 3 BSBMGT616 Develop and implement strategic
plans
 get input to and endorsement of strategic plans
 brief relevant parties about the plan
● analyse organisation’s internal and external environment to
formulate strategic plans including:
 background and research relevant to the plan
 legislation, regulations and codes of practice, including for
intellectual property
 objectives, strategies and priorities
 roles and responsibilities
 performance indicators
 timeframes
 consideration of co-operative ventures
 cost-benefit and risk analysis
● seek advice from appropriate experts wherever necessary
● monitor and evaluate the implementation of the plan and make
refinements as appropriate
● review effectiveness of planning processes and identify opportunities
for improvement.
Adjustment for distance-based learners
● No variation of the task is required.
● Documentation can be submitted electronically or posted in the mail.
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RTO 41297 | CRICOS 03444C
Jan 2018 version: 2.0

Assessment Task 3 BSBMGT616 Develop and implement strategic
plans
Answer the following questions:
You are required to answer the questions given below. You may either use
the space being provided for your answers or attach separate answer
sheets as required.
1. What is the difference between a Mission Statement and a Vision
Statement?
A statement that defines the company or organization business, objective of
that business, and the approaches to reach that objective is called mission
statement. And the statement that defines the future position of the company or
organization which is desired by them is known as vision statement. This
statements defines the company goals, purposes and values.
2. What are the features of an effective vision statement? (List 4)
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RTO 41297 | CRICOS 03444C
Jan 2018 version: 2.0

Assessment Task 3 BSBMGT616 Develop and implement strategic
plans
The features of a good and effective vision statement are as follows:
1. The vision statement should not be too long or too short, it must be short
, compact but effective as well. A good vision statement is about 35
words or two or three sentence long.
2. If a vision statement is clear with everyone then it will unite the
organization member and provide a stable and proper goal.
3. The vision statement will provide an abstract goal which was challenging
as well.
4. An effective vision states the purpose of the organization and also
describe the organization intends which they want to achieve in future.
5. A great vision statement always focused on future and sets a desirable
goals.
3. What specialist services could you utilise when developing a strategic
plan? (List 4)
The specialist service one can utilise while developing a strategic plan are as
follows:
1. The conditions of the market that has a impact on the growth
and also on service demand.
2. The service level targets which are very necessary to define and
meet the the customer satisfaction goals.
3. Planning for the finance of the organization.
4. Strategic planning for the development of the staff which was
done by training and workshops.
4. What is a PEST Analysis?
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RTO 41297 | CRICOS 03444C
Jan 2018 version: 2.0