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BSBMGT616 Develop And Implement Strategic Plans

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Question:

The purpose of this assessment is to assess skills and knowledge required to establish the strategic direction of the organisation, and to sustain competitive advantage and enhance competitiveness.

You are required to analyse and interpret relevant markets, capability assessment of the organisation, and its existing and potential competitors and allies. It also covers implementation of the strategic plan in the context of the case study scenario outlined below.

Read the case study below and produce the report that will cover the following elements:

  1. Confirm organisational vision and mission
  2. Analyse the internal and external environment
  3. Write a strategic plan
  4. Implement the strategic plan

Case Study

Recently you were given the task of creating a business and marketing plan for Paul’s restaurant in the Hunter Valley for potential investors. Paul has now been able to open that restaurant due partially to your efforts in the creation of the solid business plan.

Paul has now asked for your assistance to produce a strategic plan for his restaurant for the upcoming Summer Holiday tourist season and the following years in the Hunter Valley.

Paul’s Restaurant is called “Australia Fare” and is located in Branxton on the road to Cessnock. The restaurant is a sandstone and glass building features lush indoor gardens intermingled with white clothed tables and a huge welcoming fireplace in the centre and has a seating capacity of over 120 people. 

Large windows to three sides offer views of surrounding vineyards and gardens, framed by the majestic Brokenback Ranges in the distance.  The ambience is sophisticated yet relaxed with welcoming staff and country-friendly service.  The restaurant is fully air conditioned during the warmer months, and in winter the cosy open fire and flickering candles impart warmth and elegance.

Its courtyard area seats around 60 people and has large freestanding umbrellas for shade in the hot summer months. Enjoy your favourite lunch al fresco style while taking in the views of the new Hunter Valley Gardens and further on to the Brokenback Ranges.

The Hunter Region is rich with many attractions, vine yards, restaurants, hotels, motels, bed and breakfast, gardens, hot air ballooning, arts, music festivals, cottage industries, glass blowing, bush walking, horse riding.

The vision of the business is to become profitable within the first 3 months of operations and to establish a reputation as a restaurant of excellence and value. There is no mission statement yet, as Paul has been to busy to set his mind to this task.

Paul has decided to join the local business association and is planning to investigate local tourist information centre for advertising.

Paul has not thought much about organisation policies and procedures for staff or performance measures. He does have a license from local council to operate his restaurant and has been very busy researching suppliers, ordering furniture, setting up the restaurant, hiring people and setting the menu.         

Paul’s business plan has the following information, which does not align with the strategic plan you, will develop:

Proposed Business:  My idea is to open a medium sized restaurant in the Hunter Valley. The restaurant will focus on contemporary Australian cuisine. The choice of theme will allow dinner to experience Australian food with all of its multicultural influences.

Marketing Research / Planning:  There are a couple of other restaurants offering a range of different cuisines, but my restaurant will be unique so I don’t envisage any direct competition. So marketing expenses will be minimal. I might run some ads in the local paper and put out a flyer that can be placed on cars in the local area and the local information centre.

Operations Plan:  As soon as I get word on my financing, I’ll start looking for appropriate equipment and a location. Suppliers won’t be a problem. With the level of business I know we can achieve in the first few months, I will be hiring eight employees: front of house manager, two chiefs, and five wait staff. This will leave me free to do the managing and marketing.

Sales Projections:  Sales in Year 1 will be $500,000 and expenses $410,000 which means I make a profit of $90,000. I’ll have several cost controls but it is hard at this stage to tell what my expenses will be. In Year 2, because we’ll be well known, I know we can increase sales by 20% for total revenue of $600,000. I think I can hold my expenses constant at $410,000.

Conclusion:  Since I have had a lot of experience working in a variety of hospitality venues around Australia and have an understanding of Australian influenced cuisine, I am positive I can make this venture work. If you would like more information, I’d be happy to speak with you in person. Just call me at my home number. Thanks for your consideration.

You will need to ensure that when constructing this strategic plan you are aware that you have addressed the following:

  • Thorough analysis of the organisation's own capabilities, those of their existing potential competitors and allies, and the external environment
  • A strategic plan which includes objectives, strategies, timeframes, performance indicators and methods for monitoring the implementation of the plan
  • Knowledge of relevant legislation
 
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My Assignment Help. Develop And Implement Strategic Plans [Internet]. My Assignment Help. 2020 [cited 18 October 2021]. Available from: https://myassignmenthelp.com/free-samples/bsbmgt616-develop-and-implement-strategic-plans.


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