Strategic Plan Development and Implementation Report

Desklib provides past papers and solved assignments for students. This report analyzes Native Bush Spices' strategic plan.

BSBMGT616-DEVELOP AND
IMPLEMENT STRATEGIC PLAN
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Contents
Assessment 1...................................................................................................................................3
Assessment 2...................................................................................................................................7
Assessment 3.................................................................................................................................10
PART A......................................................................................................................................10
PART B......................................................................................................................................13
Assessment 4.................................................................................................................................14
References......................................................................................................................................15
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Assessment 1
1. Outline a method for developing organizational values
Answer: The development of an organization is dependent on a number of values including the
internal and external development of an individual. One such method is to align all the internal
and external stakeholders that are involved in business and learning their values. Making values
and long term objectives and applying them to the growth and development of employees’ vision
and mission.
2. What is the purpose of a SWOT analysis in a strategic planning process?
Answer: They are majorly done to analyse the impact of internal or microenvironment on the
growth and development of an organization. This is helpful to identify current flaws and develop
future aspects of the organization (Bryson, 2018).
3. Discuss each component of a SWOT analysis
Answer:
Strength: This defines the plus points in an organization and the strategic planning and
objectives of the company reflecting on the brand quality and distribution system of the
company.
Weakness: This defines the shortcoming in the current strategic plan of the organization and the
impact of completion and subsequent factors on the working of the organization.
Opportunity: This includes potential opportunities in the future and defining the future aspect of
the organization and the future needs of the organization.
Threat: Potential internal and external factors affecting the growth of the organization and
affecting the organization.
4. What is the purpose of a PESTLE analysis in a strategic planning process?
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Answer: PESTLE analysis is done to analyze the impact of external factors and the impact of the
macro environment on the growth and development of the company.
5. List four examples of questions you may ask when conducting a PESTLE analysis?
Answer: Possible questions include:
 The potential impact of the political situation in the country. The impact of government
norms and the impact of the same on the various laws involved on the company.
 The technical changes in the country affecting the development of the economy. The
need for adaption of upcoming technology in the development and processing of product
makes it different from others (Bryson, 2018).
 The changes in the economic values affecting the growth of the company and its
subsequent factors. This may be due to the inflation and deflation values of the economy
affecting the growth of the company thus affecting the development of the company.
 The socio-cultural factors affecting the development of the company and its subsequent
factors. The beliefs of the society and the adaption and following the cultural values
might affect the development of the company. This might affect the development of the
company and the changes can be seen on the product and its features.
6. Discuss three risks that should be taken into account in implementing strategic plans.
Answer: There are various risk factors that are taken into account while implementing the
strategies:
 The changing economic levels of the company and subsequent changes in the
development strategy of the company. This might affect the cost of the products and their
availability in the income. This might affect the subsequent level of suppliers and
distributors and their needs in the organization.
 Growth in the level of competition develops the number of options available for the
company. This also affects the amount of variety and innovation imposed on the
products. This affects the choice of the customers and subsequently impacts their needs
and loyalty of the customers (Smith, 2013).
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 The footfall in a particular location affects the potential, demand in the place thus
affecting the variety and cost of production. This may be due to the varied demographics
and the variation in the climatic conditions and the needs of the customers.
7. Discuss why it is important for a business to protect its intellectual property.
Answer: This is very important for a company to conserve the intellectual property as the vision
and mission of the company are related to that. This includes the development of the company
and the subsequent impact on the development of the company. In order to conserve the identity
and property of the company and maintain its uniqueness, it is important to conserve the identity
of the company. This is also important to show the legal rights and authority a company
possesses over its company and shows the authenticity of the company. This is also necessary to
maintain the documentation and the loyalty of the stakeholders involved in the development
process (Cassidy, 2016).
8. Discuss three strategies a business can implement to protect their intellectual property such as
that documented in strategic plans.
Answer: In order to maintain the intellectual rights a company can adopt the following strategies:
 All the included parties are needed to sign a legal agreement in order to conserve the
features of intellectual property rights to themselves. Violation of such rights is needed to
be treated as offensive in nature.
 Documenting the rights and authenticating them with the application of various features
that are used in order to deal with the subsequent needs of the company. These
documents cover all the needs of the customers and their subsequent needs in the
company thus affecting the rights and properties of the company.
 All the right to alter and change should be with the employer thus the same should not
affect the other features of the company.
9. Discuss why an organization would take legislative and regulatory and relevant Codes of
Practice into consideration during the strategic planning process?
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Answer: I order to conserve the strategic planning process a company is needed to identify the
overall legal and employee framework to, maintain the secrecy and ideas with the company.
They are needed to align all the risk involved in the process. They are needed to follow the Code
of the conduct of the company in order to deal with the needs of the organization thus developing
the model behavior and also supporting the social and community services of the place. This is
also needed to maintain the code of conduct of the company with various needs of the directors
involved in the Code of Conduct (Gordon, 2013).
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Assessment 2
Executive Summary: The meeting was on Native Bush Spices established in 2010 to develop
Australian native food products. The key services offered by them include native herbs and
spices, herbal teas, fruit jams, and conservative food products.
Introduction: The meeting agendas are based on Native Bush Spices and based on current sales
policies and future policies there are certain measures that are needed to be focused in order to
develop the services and products in future.
Vision: To make the a market leader for the native bush spices. The company also visions to be
most sought after and needed product in the nation.
Mission: The mission of the company is to provide the highest quality products and services to
the customers and develop the quality of the product as per the needs of the competitive market
and its changes.
Values: Major values include:
 Respecting the need for all the customers and identifying their needs.
 Taking all the feedbacks and needs effectively and developing the project accordingly
taking all the feedback seriously to develop better services in the future.
 Taking care of internal and external stakeholders and make changes to the product and
services. Taking account of employees and also the customer to deal with the new
products and changes.
 Use innovation in the production and adapt honesty and integrity in the development of
new features and policies in the development of the products and services. Adapting
honest and aligned approach to deal with the production and improvement of products.
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Strategic Objectives and Goals: The SMART objectives of the company are:
Specific: The goal of the company is specific as they want to be a market leader of native spices
and products.
Measurable: They are needed to study the current sales and revenue of the company and make
effective application of the same in new changes in the policy.
Agreed upon: All the internal and external stakeholders are needed to be analyzed and agreed on
new resources and policies of the company and the competition
Realistic: The objectives are to be result oriented in order to quickly adapt the outside services
and needs of the organization and making effective changes in the development of the product.
Time-based: Proper time slot and time management have been made in order to develop the
products and services in Native Bush Spices. This will help in tracking the services and develop
further services in the growth of the company.
Market characteristics & conditions
Australian industry includes the bush food which is a combination of plants and animals that
were made by native indigenous people of Australia. The primary focus is on the plant products
and the service includes food manufacturing and distribution. They are grown in various tropical
and non-tropical places and rainforests. They are conventionally mixed with other herbs and tree
products and are now one of the most sought after spices by chefs in various restaurants. In the
current industry standards, there is some tension between the commercial production and
ecological approaches of the company thus affecting the demand of native spices. There is
around eight tones of native spices made on an average in a year. the major producers for native
spices include farmers markets, wholesalers, processors, online sales, and a range of domestic
retailers. There are a huge number of exporter markets involved in the same thus affecting the
per capita needs of the spices. There has been increasing promotion of health benefits and needs
of native spices in the food has been increasing the demand for native spices in the Australian
market (Haines, 2016).
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Given the current and forecast high Australian dollar there have been certain negative
developments done which are putting pressure on the export sales, tourism and the economics of
food manufacturing in Australia. Due to variation in the amount of production of native spices, it
is very difficult to say the number of spices will be available in the future. This affects the
production thus sometimes there is overproduction which does not meet the demand thus the cost
is reduced. The selling opportunity is good in the native market as compared to exports. This has
been strengthening position in a niche market as compared to others (Abdallah & Langley,
2014).
Conclusion
Based on the overall discussion of the scenario and its demands this can be seen that the
company is focused to be a market leader in last year’s but the same has been affecting the
growth and development opportunities of the same in the future aspects of the company. This has
helped in understanding the needs of the company with respect to the growing demands and
changes in the market values thus affecting the demand and supply of the company and effective
distribution of the same on the production. This has helped in understanding the future needs of
the native spices and the various changes needed to achieve new sales and revenue.
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Assessment 3
PART A
PESTLE
Political
 There are uniformed laws of the
production of Native Bush Spices in
Australia
 There has been appropriate support
given by the government to support
indigenous people thus using various
norms to deal with the tax applied on
the production and distribution of the
same in the country.
Technological
 Native bush spices have been
developing new irrigation and
cultivation methods in order to deal
with the demands of the company.
 The incoming of new technology in the
market has been affecting the rate of
productions thus the same has been
affecting the demands.
 Technical changes have been
affecting the development of the
spices and their placement in the
retail market (Channon & Jalland,
2016).
Economic
 The inflation rate of Australia does
impact the demand and choices of
customers and they tend to spend less
 The foreign exchange is also
moderate as the focus is on niche
market initially thus the demand in
the local market is good (Johnston &
Legal
 Legal needs are well formed in
Australia thus supporting the business
 Various Acts were made to support
them.
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Bate, 2013).
Social
 The society accepts the indigenous
production thus affecting the demands
of the spices.
 There has been a good response from
the society but the gradual changes in
the lifestyle impact the needs of the
same on the distribution and placement
of spices on the local market.
 This has been giving exclusive
employment and opportunities to the
indigenous people to develop future
aspects and business standards.
Environmental
 This is one of the best product of
environment as this production is very
nutritious and environment-friendly
 The production does not impact
environmental policies.
SWOT
Strengths Weaknesses
 The production is well suited for the
Australian market
 There are huge opportunities for
sustainable enterprises
 They have partnerships with big food
companies and retailers
 There is variability in production and
yields of the products
 Production cost is high
 They have oversupply for a niche
market and undersupply for the main
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 They have a variety in the market
offering food benefits to the consumers
 They have successful R&D
 RIRDC and state government support
market (Kenny, 2012)
Opportunities Threats
 Aboriginal engagement is more
 There is an increase in supply chain
cooperation
 There is an opportunity to export
products to multinational companies
(Agarwal, et. al., 2012).
 Food labeling and safety standards have
been changing frequently
 Low-cost synthetic imports are there
 Internationalization, homogenization of
the food industry
Recommendations
 Better market segmentation should be done
 Consumer feedback has to be taken frequently and more often
 Better network with suppliers and distributors should be there
 Fixed production and equal distribution of products in all markets.
Strategic Plan
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