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1. Understand the role of strategic planning in organisations 1.1 Evaluate processes by which organisations identify their goals and values

Strategic Business Management and Planning

Tasks:

You are required to produce and write a work based assignment that reports on an organisation of your choice. This can be your own organisation, but can instead be a different organisation with which you are familiar. In this report you must: (a) Demonstrate that you understand strategies and strategic thinking. You might choose to do this by identifying the goals and values of your strategic business unit (SBU), by discussing the role of strategic business planning and by evaluating classic and contemporary models used in developing business strategies and plans. (b) Analyse how internal and external environments influence management and planning strategies. You might for example choose to explore the impact of internal and external risk factors on strategic business activities and identify influences of organisational policies on management and planning strategies. (c) Evaluate and analyse how your chosen organisation might investigate competitor activities and strategies which could create advantage in emerging, maturing and declining markets and also define how your organisation develops strategies to outperform its competitors. (d) Analyse, evaluate and discuss ways in which organisations respond to environmental factors when making strategic plans; the impact of stakeholder interests in the development of strategic planning activities and the impact(s) of emerging global issues on any such planning activities.

1. Understand the role of strategic planning in organisations 1.1 Evaluate processes by which organisations identify their goals and values 1.2 Discuss the purpose and role of strategic business management and planning in an organisation 1.3 Evaluate the classic and contemporary models used in developing business strategies and plans

2. Understand the impact of internal and external factors on organisations 2.1 Analyse ways in which the internal and external environment can influence organisational management and planning strategies 2.2 Discuss the influence of organisational governance requirements on management and planning strategies 2.3 Explore the impact of internal and external risk factors on strategic business management activities

3. Understand the strategies that organisations use to achieve competitive advantage 3.1 Analyse ways in which an organisation positions itself to outperform its competitors 3.2 Evaluate appropriate competitor advantage strategies for emerging, maturing and declining positions

4. Understand the environmental factors that affect strategic business management and planning 4.1 Discuss how emerging global issues can impact upon on the strategic management and planning activities in an organisation 4.2 Evaluate the impact of stakeholder interests in shaping strategic management and planning activities in an organisation 4.3 Analyse ways in which organisations respond to environmental factors, when making strategic plans


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