Develop and Implement Strategic Plans3dividends which are fully ranked and also has a high number of satisfied customers. Through diversification, the organization receives sustainable returns.The mission statement is viewed as the summary of values and aims of the Commonwealth Bank. The organization’s mission statement is enhancing wealth and fulfilling the needs of the customers.The vision statement for the Commonwealth Bank shows the organization’s road map which is to succeed to acquire individuals who are valued and passionate, ensure customers receive service experiences as well as deliver high returns to the shareholders hence earn respect and admiration from the nation.The Commonwealth Bank objective is to continue being the overarching priority towards providing the customer services hence be successful within the nation.Activity 2aThe demographic factors impact the strategic plan for Commonwealth Bank of Australia since it alters the property demand. The increasing population impacts the property markets hence the organization needs to change the strategic plan and ensure that they can predict the future and meet demands for housing. The global context factors impact the strategic plan since the organization needs to respond to the global financial crisis to avoid the broad lay-offs. The organization should overcome the economic pressures such as the pay cuts; minimize the working hours as well as leaves for the employees. The political factors impact the strategic plan since they cause the uncertainty to the bank investors. The social factors provide the organizationwith opportunities to exercise and expand good business practices. Finally, the technological

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