Business StrategyAssignment

Learning Outcomes ( LO) Assessment Criteria ( AC)

1.Understand the process of strategic planning.

1.1 explain strategic contexts and terminology – missions, visions, objectives, goals, core competencies1.2 review the issues involved in strategic planning

1.3 explain different planning techniques

2.Be able to formulate a new strategy.

2.1 produce an organizational audit for a given organisation2.2 carry out an environmental audit for a given organisation

2.3 explain the significance of stakeholder analysis

3.Understand approaches to strategy evaluation and selection.

3.1 analyse possible alternative strategies relating to substantive growth, limited growth or retrenchment3.2 select an appropriate future strategy for a given organisation

4.Understand how to implement a chosen strategy.

4.1 compare the roles and responsibilities for strategy Implementation4.2 evaluate resource requirements to implement a new strategy for a given organization4.3 discuss targets and timescales for achievement in a given organisation to monitor a given strategy.

ContextBriefly describe your organisation and what it does.

Context of assignment is provided

Understand the process of strategic planning (learning outcome 1)Task 1A business mission statement is an integral part of a business strategy. It provides direction for formulating, implementing and evaluating strategic activities. To get started on your assignment, start the report with an overview and explanation:Explain the strategic contexts and terminology based on the 5 criteria listed: Missions Visions Objectives Goals Core Competencies.

Task 2Different organisations will have different issues when planning a strategy. Carry out a review of the issues faced by your organisation and describe in detail:what are the issues? And why do they exist?

Task 3Describe 3 different planning techniques that you will adopt for planning the business strategy. Explain why these techniques are relevant and appropriate to your organisation.

AC 1.1AC 1.2AC 1.3

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AssignmentFormat / Style

Produce an informal report that addresses all the tasks in the assignment brief.

You are encouraged to use diagrams or tables to illustrate and reinforce your findings.

Any references to academic theory should be correctly cited and referenced in a bibliography at the end of the report.

(please do not copy and paste information)

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AssignmentFormat / Style Fully completed assignment cover page Title page Table of contents Introduction Main body of the report clearly identifying the separate

outcomes and assessment criteria Conclusion and recommendations References and bibliography Appendices only if relevant and necessary

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AssignmentAssignment Content

– The assignment brief includes headings relevant to the unit outcomes, read and follow the tasks listed under each heading and this will make certain that you cover all the outcomes and assessment criteria to achieve the unit.

Assessment and Grading – Read the assessment grading criteria before attempting

the assignment tasks, as it contains important information about how you should approach your assignment and how grading is applied in order for you to achieve a pass, merit or distinction.

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Assignment

Assignment Submission– All assignments must be submitted by the agreed date,

via MOODLE. – Assignments submitted late, but with permission, will be

marked as a pass only. – Assignments submitted late, without permission, will not

be marked until the end of the year, or the next time the unit is scheduled.

– Please ensure that your assignment is attached to the assignment submission receipt and that you read and sign the statement confirming authenticity.

– Check that all relevant fields are completed fully before submission.

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Assignment

Assignment Feedback– Once the assessor has marked your assignment, you will

receive written feedback, – either confirming that you have met the required standard and

grade awarded, – or that you have not yet met the standard and what you need

to do to make the necessary improvements. – Please note that achieved and confirmation of grades is

provisional until signed off by the Internal Verifier.

Student Guide to Writing an Assignment– This is an assignment guide to help support you while

completing your BTEC Assignments. It includes:– Assignment writing guidance– Referencing guidance

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Assignment

Recommended Reading– A reading list will be given to you at the first session unit

session. – You should also read a good quality newspaper and/or

use relevant internet sites regularly and identify key influences and recent and relevant research with regard to your subject area.

– You should read topical case studies and read about national campaigns and government initiatives in your area of interest.

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Assignment

Assessment and grading criteria– Learners will be awarded a merit or distinction grade by

the aggregation of points gained through the successful achievement of individual units.

– The points will be calculated based on the unit credit size,

– the points available for each credit is:– pass = 0 merit =1 distinction= 2. – To achieve a merit grade overall you will need to

accumulate a minimum of 75 points – and for a distinction a minimum of 150 points.

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Assignment Learning Outcome (LO1)

Understanding the process of Strategic Planninga. Strategic contexts and terminology:

i. Role of strategy

ii. Missions; visions

iii. Strategic intent; objectives; goals

iv. Core competencies; strategic architecture; strategic control

b. Strategic thinking:i. Future direction of the competition

ii. Needs of customers

iii. Gaining and maintaining competitive advantage

iv. Ansoff’s growth-vector matrix; portfolio analysis

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Understanding the process of Strategic Planningc. Planning systems:

i. Informal planning

ii. Top-down planning; bottom-up planning

iii. Behavioral approaches

d. Strategic planning issues:i. Impact on managers

ii. Targets

iii. When to plan; who should be involved; role of planning

e. Strategic planning techniques: i. BCG growth-share matrix

ii. Directional policy matrices

iii. SPACE, PIMS

Assignment Learning Outcome (LO1)

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Understanding the process of Strategic Planning 1.1

explain strategic contexts and terminology – missions, visions, objectives, goals, core competencies

1.2

review the issues involved in strategic planning

1.3

explain different planning techniques

Assessment Criteria for (LO1)

ContextBriefly describe your organisation and what it does.

Context of assignment is provided

Understand the process of strategic planning (learning outcome 1)Task 1A business mission statement is an integral part of a business strategy. It provides direction for formulating, implementing and evaluating strategic activities. To get started on your assignment, start the report with an overview and explanation:Explain the strategic contexts and terminology based on the 5 criteria listed: Missions Visions Objectives Goals Core Competencies.

Task 2Different organisations will have different issues when planning a strategy. Carry out a review of the issues faced by your organisation and describe in detail:what are the issues? And why do they exist?

Task 3Describe 3 different planning techniques that you will adopt for planning the business strategy. Explain why these techniques are relevant and appropriate to your organisation.

AC 1.1AC 1.2AC 1.3