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Strategic Planning Assignment :Holmesglen
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Added on 2020-01-28
Strategic Planning Assignment :Holmesglen
Added on 2020-01-28
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Student InformationStudent Name:Student ID:Program/Course InformationDepartment:Business, Design and Information Technology (BDIT)Assessment InformationAssessment Title:Assessment 2Assessment Taskfor this subject/unit2Out of2Due Date:Date Submitted:Re-SubmissionStudent DeclarationBy submitting this assessment task and signing the below, I acknowledge and agree that:1.This completed assessment task is my own work. 2.I understand the serious nature of plagiarism and I am aware of the penalties that exist for breaching this.3.I have kept a copy of this assessment task. The assessor may provide a copy of this assessment task to another member of the Institute for validation and/or benchmarking purposes.Student SignatureFor electronic submissions: By typing your name in the student signature field, you are accepting the above declaration.Assessor FeedbackAssessor to provide feedback to the student and document on this coversheet.Retain the student completed assessment and this coversheet for six (06) months forvalidation and audit purpose.Assessment Task Result:SatisfactoryNot SatisfactoryOther (e.g. points)Note: Final result of the subject/unit will be entered on Banner by the teacher/assessor once all assessment tasks have been assessed.
Section 1 – ScenarioImagine you have been appointed as a Manager at Holmesglen Institute. Before you start and receiveinduction and training, you are required to view the Holmesglen Strategic Plan*Note:* Please note that the Holmesglen Strategic Plan will provide you with sufficient informationfrom which to base your assessment responses for section 1.Holmesglen Vision1.Identify the vision of Holmesglen Institute.Vision of Holmesglen is to align with the new operating environment so that institute establishes itselfas the leading provider of vocational and higher education and thus attain desired vision. Following arethe key strategic themes that helps in supporting the overall vision of Holmesglen institute is-Student and client focusedResponsiveLinked and engagedAmbitious and enterprisingSustainableHowever, the institute has worked hard in relation to establish itself as the leading vocational providerand higher education that updated plan and attain the vision. Holmesglen Mission2.Identify the mission of the Holmesglen Institute.Mission of Holmesglen is to provide accessible vocational and higher education training program toattain maximum student success as well as benefit society. Thus, it is the core mission of institute toprovide education, training and skills development to different customers that involves students,industry, employers and local community. Holmesglen Standards, Values and Ethics3.Identify the organisation’s standards, values and ethics, whether stated or implied.Prepare a comprehensive list of Holmesglen Standards, Ethics and ValuesStandards:Holmesglen standards is to provide quality education to learners and thusdevelop professional standards and code of conduct. Ethics and Values:Following are the different values of Holmesglen such as-Excellence- Institute aims to excel in all that they do.Enterprise- Holmesglen encourage educational and businessdevelopment strategy that are innovative, well resourced, responsive andentrepreneurial (Northouse, 2015).Scholarship- Organization provides freedom of intellectual inquiry andcreative expression that encourages the development of knowledgethrough carrying out scholarly activities.Integrity- Institute carries out its action in fair, honest and nondiscriminatory manner and thus carries out respect for individual inregard to maintain the highest academic and ethical standards.
Access- Organization also provide relevant vocational and highereducational program and services for all individuals so that it helps inproviding variety of teaching modes that enhances the relationship withother educational institutions and industries (Nahavandi, 2016).
Holmesglen Key Performance Indicators(KPI’s)4.Thinking about the Holmesglen Institute standards, values and ethics that you have learned in the above. Your next task is to show that you would be capable of identifying the key performance indicators (KPIs) of Holmesglen’s goals and objectives so that you and others within the organisation understand model high standards ofbehaviour.ObjectivesKey Performance IndicatorsStandardsGoals1.Student and client focusedSatisfaction among studentsSatisfied students recommendingHolmesglen to other studentsRetaining rate and programcompletion increasesTo ensure that student andclient experiences propersystem To maintain high level ofsatisfaction in relation toeducation and trainingProviding variety oflearning models and spacesHolmesglen main objective isto provide education andtraining to students.Developing appropriatesupport services to teachingand learning enables allstudents to attain their reasonsfor carrying out study(Goleman, Boyatzis andMcKee, 2013). 2.ResponsiveEnquiry of student conversion andcontract success ratesHigh number of graduates inemployment or carrying outfurther studyincreasing opportunities inrelation to new business To develop a newcurriculum model thatincreases flexibility andpathwaysTo increase businessopportunities and newmarketsTo monitor achievement ofstudents and performance To enhance market share inrelation to vocational trainingand education Monitoring commercialactivities in order to exceedcustomer requirements.
3.Linked and engagedImproving satisfaction amongemployerCarrying out centre for AppliedResearch EstablishedIncreasing non governmentrevenueTo enhance industryforums so that betterteaching practice could becarried outTo manage stakeholderrelationship in regard todelivery mutual benefitsPreferring partner tocommunity and industryorganisations in regard todevelop strengthsTo be able to recognise asinfluential leader withintertiary education sector4.AmbitiousandenterprisingEnhancing revenue derived fromoverseas and domestic fee payingstudents and educational projectsAlso, enrolled growth across allfunding education sectorTo transform e-learningand expert online teachingoptionsEnhancing investment inlocal, national andinternational commercialopportunitiesInstitute expanded their offerof online teaching Enhance revenue targetsImproved culture oforganisation 5.SustainableIdentifying EBITDA marginEnhancing revenueEngaging more number of staffTo implement costeffectiveandenvironmentallyresponsible work practiceTo ensure education,training and best practicesHelps in delivering uponbudget and attainenvironmental targetsInstitute continues to exceedsector for staff engagement Impacting Key Factors5.Holmesglen’s business operations in the plan period covered have identified impacting factors. State these factors.1.CustomersIt involves students, clients, and government as the core customers inregard to ensure that process could be carried out effectively.2.CompetitionInstitute faces commodification of vocational market that has also becomeincreasingly competitive (Fairhurst and Connaughton, 2014).3.ChangeIt has been found considerable change within Holmesglen and thus benefitnew student to develop learning.
4.ComplianceEducation sector is undergoing crucial reviews and provide qualityoperations so that better education framework could be developed.5.CommercialThere are other education providers and assesses complexity of governmentcontractual so that growth strategies could be balanced in regard to developrisk management (Daft, 2014). 6.CommitmentHolmesglen commits to its staff in order to develop effective program sothat it enables teachers to retain within institute.
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