Assessment 2, Based on the learner guide and other learning materials you are required to express your knowledge about writing a strategic plan and the implementation process of strategic plans

Assessment 2

Requirements:

Based on the learner guide and other learning materials you are required to express your knowledge about writing a strategic plan and the implementation process of strategic plans. Detail your understanding answering each of the questions below in respect to develop a strategic plan and implementation process.

Part 1

Objective
To provide an opportunity to detail your practices on developing a strategic plan .

What is strategic planning and why you should consider documenting relevant research and background data?

Why it is important for an organization to formulate strategic objectives and strategies for the future?

Describe the requirement of priority, a timeframe and assign responsibility during the strategic planning process.

Explain how you measure performance to each strategy.

What process should you consider to circulate strategic plan for comment, support, and endorsement?

Part 2

Objective
To provide an opportunity to detail the process used for implementing a strategic plan.

Describe the process used for implementing a strategic plan detailing your understanding of bellow suggested area.

Areas
Your answers
Communicate strategic plan

Brief people with the specific role

Use performance indicator to monitor progress

Refinements to plan if required

Evaluate strategic objectives

Review the effectiveness of the plan

Part 3

Objective: To provide with an opportunity to draft/write a strategic plan.

Write/draft a strategic plan using the following headings

Mission:

Company analysis:

 The Business
 Stakeholder relationships

 Market analysis
 Processes

Organizational structure:

 Financials
 Organisational and Management
 Environmental and social impacts

 Risk factors and regulatory compliance

Strategic action plan: