Implementing Strategic Objectives: Advance Diploma of Business Report

This Advance Diploma of Business report provides a comprehensive analysis of change management within an organizational context. It covers key aspects such as analyzing organizational objectives, reviewing existing policies, and identifying external trends using tools like PESTLE analysis. The report delves into performance gaps, business opportunities, and threats, emphasizing the importance of manager and specialist reviews in the change process. It includes cost-benefit and risk analyses, detailing tangible and intangible benefits alongside potential barriers to new technology and working practices. Furthermore, it stresses the significance of developing a change management project plan, resource allocation, and communication strategies to ensure successful implementation. The report also addresses potential losses incurred during the change process and recommends strategies for effective change management. This resource is available on Desklib, a platform offering a wide range of study tools and solved assignments for students.

Running head: ADVANCE DIPLOMA OF BUSINESS
Advance Diploma of Business
Name of the student:
Name of the university:
Author note:

1ADVANCE DIPLOMA OF BUSINESS
Table of Contents
Activity 1A......................................................................................................................................5
Importance of analyzing the organization’s objectives...............................................................5
Three examples of the types of strategic change.........................................................................5
Activity 1B.......................................................................................................................................5
Reviewing existing policies and practices against strategic objectives.......................................5
Policies and practices need to be reviewed in the light of new objective....................................5
(Cummings, Bridgman and Brown 2016).......................................................................................6
Activity 1C.......................................................................................................................................6
Six examples of the types of external trends or events................................................................6
Using the PESTLE analysis tool..................................................................................................6
Activity 1D......................................................................................................................................7
3 Examples of each of the following factors...............................................................................7
Expected changes based on given circumstances........................................................................7
Activity 1E.......................................................................................................................................8
Importance of considering a review from managers and specialists for a change process.........8
Draw up a meeting agenda and consulting the managers for the proposed changes...................8
Making a brief to a contractor.....................................................................................................8
Activity 2A......................................................................................................................................9
Cost-benefit analysis....................................................................................................................9

2ADVANCE DIPLOMA OF BUSINESS
Tangible and intangible benefits..................................................................................................9
(Ramos et al. 2015)..........................................................................................................................9
Activity 2B.......................................................................................................................................9
Purpose of a risk analysis..........................................................................................................10
Barriers to introduction of new technology and working practices...........................................10
Mitigation to avoid the barriers.................................................................................................10
(Al-Haddad and Kotnour 2015).....................................................................................................10
Activity 2C.....................................................................................................................................10
Importance of developing a change management project plan.................................................10
Key information for the change management project...............................................................11
(Waddock et al. 2015)...................................................................................................................11
Activity 2D....................................................................................................................................11
Importance of approval on change management.......................................................................11
Approval from the funding partner............................................................................................12
Activity 2E.....................................................................................................................................12
Resource allocation....................................................................................................................12
Resource requirement for the example organization.................................................................12
Project update............................................................................................................................13
Activity 3A....................................................................................................................................13
Communication plan..................................................................................................................13

3ADVANCE DIPLOMA OF BUSINESS
Benefits of change in the example organization........................................................................14
Loss incurred to people in the change process..........................................................................14
Activity 3B.....................................................................................................................................14
Briefing......................................................................................................................................14
Practical arrangements...............................................................................................................14
Activity 3C.....................................................................................................................................15
Members of the consultation group/s........................................................................................15
Consultation process..................................................................................................................15
Key questions as part of the consultation process.....................................................................15
Impact of consultation on results...............................................................................................15
Enquiring the impact of consultation on the outcome...............................................................16
(Grant 2014)...................................................................................................................................16
Activity 3D....................................................................................................................................16
Barriers to the project................................................................................................................16
(Fuchs and Prouska 2014).............................................................................................................16
Activity 3E.....................................................................................................................................16
Actions and implementation......................................................................................................17
Activity 3F.....................................................................................................................................17
Importance of strategies.............................................................................................................17
Recommended strategies for change.........................................................................................17

4ADVANCE DIPLOMA OF BUSINESS
(Georgalis et al. 2015)...................................................................................................................17
Activity 3G....................................................................................................................................18
Importance of evaluation and progress of the process...............................................................18
Methods to evaluate and review progress of a change..............................................................18
Evaluation of the change program.............................................................................................18
Skills and Knowledge Activity......................................................................................................19
1. Cycle for managing organizational change...........................................................................19
2. Components of change management project plan.................................................................19
3. External environmental factors..............................................................................................19
4. Role of organizational behavior.............................................................................................20
5. Three potential barriers to change.........................................................................................20
6. Three strategies to embed change..........................................................................................20
References......................................................................................................................................21

5ADVANCE DIPLOMA OF BUSINESS
Activity 1A
Importance of analyzing the organization’s objectives
Identifying the needs for change is only possible if the organizational work policies and
the set outcomes are known. Generally, organizations have a certain set of objectives to attain the
desired outcomes. Work practices are managed according to these objectives only. Expected
outcomes are divided into three common terms like short-term, mid-term and long-term goals.
Organizational objectives will communicate about whether the set goals are competent in
reference to the existing market competition.
Three examples of the types of strategic change
The three types of strategic changes are like Total Quality Management (TQP), Cultural
Changes and Business Strategies Changes.
(Lozano, Nummert and Ceulemans 2016)
Activity 1B
Reviewing existing policies and practices against strategic objectives
Existing policies and practices are reviewed against strategic objectives, so that,
effectiveness of the policies & practices are identified. It is important also due to the ever
increasing market competition. Actually, the short-term, mid-term and long-term goals must be
analyzed, so that, competitive strategies are constructed.
Policies and practices need to be reviewed in the light of new objective

6ADVANCE DIPLOMA OF BUSINESS
Following list of policies should be checked in the light of new objective:
 Recruitment policy
 Email and internet policy
 Mobile phone policy
 Health and safety policy
 Termination and discipline policy
 Social media usage policy
(Cummings, Bridgman and Brown 2016)
Activity 1C
Six examples of the types of external trends or events
Six trends or events which can impact the organization’s objectives are competition,
natural forces, government policies, demographic factors, cultural & social forces and
technological changes.
Using the PESTLE analysis tool
Current factors
Political Trade policies, import & export taxes and political state at the international
level
Economic GDP variation, trade barriers opposing an economic integration and business
models
Sociological Consumer behaviour, demographic factors and cultural preferences
Technological Emerging technologies, upgradation of existing technologies and cost of

7ADVANCE DIPLOMA OF BUSINESS
switching to different technologies
Legal Legal policies, code of conduct and legal framework governing the various
practices
Environmental Greenhouse gas emissions, water pollution and wastes
(Van der Voet 2014)
Activity 1D
3 Examples of each of the following factors
Factors
Performance gaps Production target is not met, quality is average and deadlines misses
Business opportunities Booming market, skilled workforce and market demands
Business threats Changing consumer behaviour, increasing market competition and
uncompetitive business strategies
Management decisions Need to implement a new technology, change in business level strategies
and implementing an innovative idea
Expected changes based on given circumstances
There should be the following changes:
 Changes in the business level strategies
 Accelerating the production

8ADVANCE DIPLOMA OF BUSINESS
 Recruiting experienced talents
 Implementing technologies to support faster production
 Using technology to capture more data and enhance the capability to understand the
customers’ needs
(Matos Marques Simoes and Esposito 2014)
Activity 1E
Importance of considering a review from managers and specialists for a change process
A review from managers and specialist is necessary as their contribution has high
importance in the change process. They are required to play the role of leaders to make an impact
upon the teamwork which is very critical to the success of a transformation process.
Draw up a meeting agenda and consulting the managers for the proposed changes
Meeting agenda: A meeting is arranged for understanding the importance of a change in
the existing manufacturing process. Managers are expected to make their useful contribution to
it. This will be highly regarded and appreciated as well.
Making a brief to a contractor
The purpose of this briefing is to explain the potential points other than what are agreed
upon.
Following would be the list of key points:
 Economic regeneration
 Sustainability

9ADVANCE DIPLOMA OF BUSINESS
 Employment & skills
 Supply Chain Management
(Belias and Koustelios 2014)
Activity 2A
Cost-benefit analysis
This is important because it helps to evaluate the rewards and risks of projects in
consideration. It is also done to analyze whether the entire potential costs are computed
accurately and also that the benefits outweigh the costs. If things are done as mentioned then the
considered change may be a good selection.
Tangible and intangible benefits
Following is the list of benefits:
 Budget Management
 Risk Management
 No deadline misses
 Teamwork
(Ramos et al. 2015)
Activity 2B

10ADVANCE DIPLOMA OF BUSINESS
Purpose of a risk analysis
The purpose for risk analysis is necessary because this will give an idea of the benefits
which will be attained with the change process.
Barriers to introduction of new technology and working practices
 Incompetent organizational resources
 Uncompetitive workforce
 No teamwork
 Absence of shared vision
 Improper strategic plans
 Absence of leadership skills in top managers
Mitigation to avoid the barriers
 Leadership skills in managers
 Teamwork
 Strategic plans
 Skilled workforce
(Al-Haddad and Kotnour 2015)
Activity 2C
Importance of developing a change management project plan

11ADVANCE DIPLOMA OF BUSINESS
Change is necessary for being competitive in market. Change management is also
necessary to effectively manage the transformation. Following is the list of points which
illustrate why developing the change management plan is important:
 It standardize the transformation process
 Change management plan can effectively carry forward the process from hard at the first
stage to gorgeous in the last
 Compliance with regulatory policies
 Provides the list of tools and technologies which is important for the change
Key information for the change management project
 Formal strategies stating that how to approach with the change process
 Effective communication plan
 Selection of tools required for making the change
 Good mechanism for tracking
 Impact analysis
 Documentation of change
(Waddock et al. 2015)
Activity 2D
Importance of approval on change management
 Financial supports
 Supports at the organizational level