Strategic Plan Report: Canterbury Renovations - BSBMGT616

This report outlines a strategic plan developed for Canterbury Renovations, a start-up cabinet making business. The assignment required the student to develop a detailed strategic plan, prepare for its implementation, and present the plan to a team, which involved explaining the plan, outlining strategies for key objectives, assigning responsibilities, and defining performance indicators. The implementation phase included running a meeting, providing documentation, and considering various aspects such as company vision, mission, values, branding, and critical success factors. The student also addressed the importance of monitoring, evaluation, and risk assessment within the strategic plan. The report also included a self-assessment checklist to evaluate readiness for the assessment criteria. The report also included the meeting plan, copies of documentation provided to employees and performance indicator in the operational strategic plan.

Assessment Task 2 BSBMGT616 Develop and implement strategic
plans
Report: Implement a strategic
plan
Submission details
The assessment task is due on the date specified by your assessor. Any
variations to this arrangement must be approved in writing by your
assessor.
Submit this document with any required evidence attached. See
specifications below
for details.
Performance objective
The candidate will demonstrate the ability to develop a detailed strategic
plan for a company and prepare for implementing the plan.
Assessment description
This assessment task is continuation of task 1. In this task you are to
prepare for and implement your strategic plan in part.
Choice Business College
RTO 41297 | CRICOS 03444C Page 1 of 8
Jan 2017 version: 2.0

Assessment Task 2 BSBMGT616 Develop and implement strategic
plans
Procedure
Your implementation will encompass running a meeting for your team in
which you:
● Explain and discuss the strategic plan in detail
● Provide overview strategies for least 2 different goal, objectives and
strategies outlined within the plan
● Instruct / mentor each person to whom you have allocated a
responsibility to, to ensure they understand and are empowered to
perform their allocated task
● Outline the performance indicators that are incorporated within your
strategic plan, including how they will be implemented and monitored
Specifications
It is important that you are prepared for this session, ensuring you:
● prepare for the session to ensure everything is covered
● develop and provide relevant documentation / supporting materials
to your team
Your assessor will observe you running the meeting.
Your assessor will be looking for your ability to:
● consult and communicate effectively with relevant stakeholders to:
 confirm or revise the organisation’s mission, vision and values
 validate findings of research and analysis
 get input to and endorsement of strategic plans
 brief relevant parties about the plan
● analyse organisation’s internal and external environment to
formulate strategic plans including:
 background and research relevant to the plan
 legislation, regulations and codes of practice, including for
intellectual property
 objectives, strategies and priorities
 roles and responsibilities
 performance indicators
 timeframes
 consideration of co-operative ventures
Choice Business College
RTO 41297 | CRICOS 03444C Page 2 of 8
Jan 2017 version: 2.0

Assessment Task 2 BSBMGT616 Develop and implement strategic
plans
 cost-benefit and risk analysis
● seek advice from appropriate experts wherever necessary
● monitor and evaluate the implementation of the plan and make
refinements as appropriate
● review effectiveness of planning processes and identify opportunities
for improvement.
Adjustment for distance-based learners
● No variation of the task is required.
● Documentation can be submitted electronically or posted in the mail.
Meeting context
Each meeting will consist of yourself (running the meeting), and at least 2
other people, who will role-play the employees. Other people may include
trainers or students from your course
Things to consider whilst performing this task:
● Be organised - prepare and plan for the session thoroughly.
● Know your position
● Know your company
● Arrange access to all required documentation for this process
● Be prepared to ask questions
● Be prepared to be asked questions
Things to consider whilst role-playing an employee:
● Be prepared
● Act professionally throughout the process
● Be prepared to ask questions when you require more information
● Answer all questions to the best of your ability
● Make sure that by the end of the session, you are fully aware of the
strategy you have been allocated, along with the actions you would
need to perform to achieve this.
Remember, you will be required to both run the meeting, and role-play an
employee (during another students’ assessment), so be sure to perform at
your best at all times.
You are to submit the following
● Your meeting plan
● Copies of documentation provided to employees
Choice Business College
RTO 41297 | CRICOS 03444C Page 3 of 8
Jan 2017 version: 2.0

Assessment Task 2 BSBMGT616 Develop and implement strategic
plans
● Your assessor will observe you running the meeting
Assessment task 2 – Student self-
assessment checklist
This checklist is similar to the one being used by your assessor during
this assessment. This checklist should be reviewed by you to evaluate
your readiness for assessment, and to confirm your understanding of
the criteria by which this assessment task will be judged.
Once you feel you have the required skills and knowledge to
demonstrate each of the following assessment criteria, you are ready to
be assessed. Please speak with your assessor if you feel you are not
ready to be assessed before the assessment has commenced.
You may refer to this checklist at any stage PRIOR to the
commencement of your assessment. You may not refer to this checklist
whilst you are being assessed.
Student Assessment Criteria
I feel I can
demonstrate
this
Communication:
Are you able to:
 Communicate clearly with others
 Ask for help when needed
 Follow instructions
 Give and receive feedback as appropriate
 Answer questions and clarify concerns that arise
 Explain rational on decisions effectively
r Yes r No
Safety:
Are you able to:
 Work safely at all times r Yes r No
 Ensure your actions do not put the safety of yourself
or others at risk r Yes r No
Task requirements:
Are you able to:
 Develop a plan for session r Yes r No
 Develop / access handouts / information for
dissemination r Yes r No
 Introduce self r Yes r No
 Cover company / project background information r Yes r No
Choice Business College
RTO 41297 | CRICOS 03444C Page 4 of 8
Jan 2017 version: 2.0

Assessment Task 2 BSBMGT616 Develop and implement strategic
plans
Student Assessment Criteria
I feel I can
demonstrate
this
 Discuss strategic plan including
 Company vision
 Company direction
 Company branding
 Company values
 Mission statement
 Critical success factors
r Yes r No
 Allocate responsibilities to personnel r Yes r No
 Explain responsibility requirements / expectations r Yes r No
 Outline KPI's r Yes r No
 Discuss budget r Yes r No
 Discuss required resources r Yes r No
 Discuss risks r Yes r No
 Provide and explain implementation plan r Yes r No
 Outline monitoring arrangements r Yes r No
 Confirm understanding through using open
questioning techniques r Yes r No
 Provide guidance and support where needed r Yes r No
 Ask for and answer questions clearly and accurately r Yes r No
 Consider input provided and respond appropriately r Yes r No
Implementing the strategic plan
Explaining and discuss the strategic plan in detail
The above stated strategic plan has been stated in accordance to the strategic objective
of the company. It can be said that through the strategic objective of the company it
has become very evident that company wants to increase it consumer based which can
be increased by increasing consumer networks and will help in growing the
operational side of the firm. The company also wants to expand their overall financial
size which can be possible only when the company has high operating revenue. Thus
Choice Business College
RTO 41297 | CRICOS 03444C Page 5 of 8
Jan 2017 version: 2.0

Assessment Task 2 BSBMGT616 Develop and implement strategic
plans
it can be said that very strategic objective is linked to each other achieve of such
objective will help the company in getting to a stable business positive which will
benefit the company.
The strategic plan is to get along with business in the construction industry. This will
help the organization to get renovation contractor new apartments which will be very
beneficial. it can be said that the construction company will be a to provide evident
number of consumer to the company and will help in building operational size and
consumer in the market1.
Providing overview strategies for least 2 different goal, objectives and
strategies outlined within the plan
In order to build consumer base of the company it can be said that company will try
and get associated with new construction site which will help in better operational and
marketing activities. Where are for the purpose of financial objective in crease in
operation will increase the operational revenue as the well as the financial size of the
firm.
Outlining the performance indicators that are incorporated within
your strategic plan, including how they will be implemented and
monitored
The performance indicators which are incorporated in the operational strategic plan
are milestones. Milestones is very effective and efficient performance indicator asit
shows the natural time which is to be taken in the completion of the projects and
through this the company is able to measure and compare the performance of the
company by comparison the actual and forecasted results In this the company is able
to effective measure the performance of the company. Milestones will be an effective
1 Godet, M, "Effective strategic management the prospective approach.".
in Technology Analysis & Strategic Management, 1, 1989, 45-56.
Choice Business College
RTO 41297 | CRICOS 03444C Page 6 of 8
Jan 2017 version: 2.0

Assessment Task 2 BSBMGT616 Develop and implement strategic
plans
tools of performance indicator which will help in performance analysis and
measurement of the company.
Choice Business College
RTO 41297 | CRICOS 03444C Page 7 of 8
Jan 2017 version: 2.0

Assessment Task 2 BSBMGT616 Develop and implement strategic
plans
References
Godet, M, "Effective strategic management the prospective approach.".
in Technology Analysis & Strategic Management, 1, 1989, 45-56.
Choice Business College
RTO 41297 | CRICOS 03444C Page 8 of 8
Jan 2017 version: 2.0