BSBMGT616 Develop and Implement Strategic Plans - Detailed Report

This assignment solution for BSBMGT616, 'Develop and Implement Strategic Plans,' outlines approaches to meet a company's mission, vision, and values, emphasizing innovation, evaluation, and collaboration. It includes a PEST analysis covering political, economic, social, and technological factors, as well as a SWOT analysis identifying strengths, weaknesses, opportunities, and threats. The strategic plan focuses on embracing innovation, strategic alliances, customer involvement, water harvesting, and proper banking. Competitors like NUFIX Inc. and BeanEx are identified, along with allies such as Home Espresso Traders and Ambrosia Coffee Roast.

BSBMGT616
DEVELOP AND IMPLEMENT STRATEGIC PLANS

Approaches to meet company
mission, vision and values
 Innovation
 The innovation focuses on improving the productivity of teams.
 Evaluation
 Evaluation is used to monitor progress
 Collaboration with other companies through alliances.
 Collaboration also incorporates the local community by yearly
profit donation to non-profit organizations and the community.

New vision and mission
 Become an international known brand
 Maintain key component of hospitality establishment.
 To achieve these new values, has embraced a strategic
framework aimed at promoting
efficiency,innovation,partnerships,community responsibility and
teamwork.

PEST ANALYSIS
Political
 Lack of written policy and procedures
 Federal legislation concerning efficient water usage.
 Changes arranged in business, where all duties on trade-in
merchandise, as well as the coffee espresso equipment, will be
eliminated in agreement with the unrestricted trade approach set
by the government.
 Carbon tax has a concrete credibility of being accessible on all
energy intensive items used as a fragment of a business
undertaking.

PEST Analysis
Environmental
 Water usage is too high
 Poor external environment analysis
 Consumer market development
 Economic growth.
 More-than-anticipated development in the economy is foretold,
due to an asset explosion.

SWOT Analysis
Social
 Lifestyle change.
 Population growth
 Technological
 Poor banking
 Lack of confidentiality
 WIFI on the café
 Innovation

Legislative issues
Legislative
 No established process for injuries
 Legislation by Federal Government about water usage
 Poor employee protection laws

SWOT Analysis
Strengths
 Qualified staff
 Strategic location
 Innovative and widespread range of rice wraps.
 Excellent marketing and sales strategies
Weaknesses
 Policies and procedures were verbal, no guides for staff how to carry out their
duties
 Lack of internal controls, in excess of cash management, monitoring and recording
 Lack of professional business culture
 Lack of sales promotion techniques
 Absence of experienced work force in import and custom tasks.
 Currently relying on delivery firm to deliver goods to customer.

SWOT Analysis
Opportunity
 Opportunities for starting up more cafes in the neighbouring
shopping centres
 Efficient and effective video streaming and teleconferencing .
 New market entry
 Strategic unions with coffee bean providers
 Keen to seek after vital alliances as a component of its goals.

SWOT Analysis
Threats
 Competition
 Government interference
 Poor employee management
 Poor management and control measures

Competitors and allies
Competitors
 NUFIX Inc.
 BeanEx
Allies
 Home Espresso Traders
 Ambrosia Coffee Roast
 Java Estate

Strategic Plan
 Embrace Innovation
 Strategic alliance
 Customer involvement
 Water harvesting
 Proper banking