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In this paper, on the basis of your understanding of the foundations for developing an organisational strategy, external environment affecting organisations, reviewing organisation strategy and plan, develop strategy options for an organisation, create strategic plans to meet business objectives answer the following questions:
1. Understand the foundations for developing an organisational strategy.
1.1 Explain the relationship between mission, vision, strategy and business plans.
1.2 Analyse named organisations’ mission and vision statements.
2. Understand the external environment affecting organisations.
2.1 Explain how external factors affect organisations.
2.2 Evaluate how stakeholder expectations influence organisations.
2.3 Explain how changes in the external environment affect organisational strategy.
3. Be able to review an organisation’s strategy and business plans
3.1 Explain the importance of review in the development of organisational strategy and business plans.
3.2 Evaluate the tools which can be used to review organisational strategy and business plans.
4. Be able to develop strategy options for an organisation.
4.1 Use modelling tools to develop strategy options for an organisation.
4.2 Develop criteria for reviewing the potential strategy options.
5. Understand how to create a strategic plan to meet business objectives
5.1 Explain the structure of a plan needed to deliver a strategy
5.2 Explain how stakeholders are involved in the formulation of the plan
5.3 Produce a dissemination process to ensure stakeholders are informed and committed to the plan.