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BSBMGT616 : Develop And Implement Strategic Plan

tag 0 Download 4 Pages / 897 Words tag 15-11-2020


1. Write the Strategic Plan– when writing your plan ensure you:

a.Confirm the Mission, Vision and Values of the organisation

b.Outline the research and background undertaken for inclusion in the strategic plan such as legislative requirements, regulations and codes of practice.

c.Where you have sought, or can seek advice from expert’s persons where necessary.

d.Include intellectual property risks and management

e.Formulate strategic objectives and strategies needed for the future

f.Detail each strategy with an assigned priority, a timeframe, responsible parties and measurable performance indicators

g.Outline how you will circulate the strategic plan for comment, support and endorsement

h.Explain the strategies you will have to monitor and evaluate the implementation of the plan and make refinements as appropriate and contingencies where necessary.

i.Review process for the plan’s effectiveness and opportunities for improvement.

1.2 Implement a strategic plan

The action plan needs to cover the points below:

a.How would you communicate the strategic plan and promote the benefits associated to get the buy-in from all stakeholders;

b.How would you assign specific roles to stakeholders in relation to strategies;

c.How would you use performance indicators to monitor progress in implementing the strategic plan;

d.How would you make necessary refinements to your strategic plan;

e.What type of contingencies planning will be put into the plan and implementation process to ensure that the plan is implemented;

f.How will you ensure that the plan is implemented on time;

g.How would you evaluate the achievement of objectives at agreed milestones; and

i.How would you review the effectiveness of the plan and consider methods for improving strategic planning processes?

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Total 4 pages

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