Business Strategy- ASSIGNMENT #1. Outcome| Evidence for the criteria| Detail criteria| Check| Understand the process of strategic planningLO1| 1. 1. Explain strategic contexts and terminology – missions, visions, objectives, goals, core competenciesChapter 1| Role of strategy | | | | Missions | | | | Visions | | | | Strategic intent | | | | Objectives goals | | | | Core competencies | | | | Strategic architecture | | | | Strategic control| | | 1. 2. Review the issues involved in strategic planningChapter 6| Impact on managers | | | | Targets | | | When to plan | | | | Who should be involved | | | | Role of planning| | | 1. 3. Explain different planning techniquesChapter 6| BCG growth-share matrix| | | | Directional policy matrices| | | | Space| | | | PIMS| | Be able to formulate a new strategyLO2| 2. 1. Produce an organisational audit for a given organisationChapter 3| Benchmarking | | | | Swot analysis | | | | Product positions | | | | Value-chain analysis | | | | Demographic influences | | | | Scenario planning | | | | Synergy culture and values. | | | 2. 2.
Carry out an environmental audit for a given organisationChapter 2| PESTEL| | | Political | | | | Economic | | | | Socio-cultural | | | | Technological | | | | Environmental | | | | Legal | | | | Porter's 5 force| | | The threat of new entrants | | | | The power of buyers | | | | The power of suppliers | | | | The threat of substitutes | | | | Competitive rivalry | | | | Collaboration| | | 2. 3. Explain the significance of stakeholder analysisChapter 1| Stakeholder significance grid | | | | Stakeholder mapping| | Merit and Distinction: Criteria 1. : future direction of the competition, needs of customers, gaining and maintaining competitive advantage, Ansoffs growth-vector matrix, portfolio analysis. Criteria 1. 2: informal planning, top-down planning, bottom-up planning, behavioural approaches. Criteria 2. 1: the Ansoff matrix, growth, stability, profitability, efficiency, market leadership, survival, mergers and acquisitions, expansion into the global market place. Business Strategy- ASSIGNMENT #1 (S04) Outcome| Evidence for the criteria| Detail criteria| Check| Analyze how the business environment is considered in strategy formulationLO1| 1. . Define the context of business strategyChapter 1| Role of strategy | | | | Missions | | | | Visions | | | | Strategic intent | | | | Objectives goals | | | | Core competencies | | | | Strategic architecture | | | | Strategic control| | | 1. 2. Explain the significance of stakeholder analysisChapter 1| Stakeholder significance grid | | | | Stakeholder mapping | | | 1. 3. Conduct an environmental and organizational audit of a given organizationChapter 2Chapter 3+4+5| Political | | | | Economic | | | | Socio-cultural | | | | Technological | | | Environmental | | | | Legal | | | | The threat of new entrants | | | | The power of buyers | | | | The power of suppliers | | | | The threat of substitutes | | | | Competitive rivalry | | | | Collaboration| | | | Benchmarking | | | | Swot analysis | | | | Product positions | | | | Value-chain analysis | | | | Demographic influences | | | | Scenario planning | | | | Synergy culture and values. | | | 1. 4. Apply strategic positioning techniques to the analysis of a given organizationChapter 4+5+6| BCG growth-share matrix| | | | Directional policy matrices| | | Space| | | | PIMS| | Understand the process of strategic planningLO2| 2. 1. Demonstrate an ability to think strategicallyChapter 6| Futuredirection of the competition| | | | Needs of customers| | | | Gaining ; maintaining competitive advantage| | | | Ansoffs growth-vector matrix| | | | Portfolio analysis| | | 2. 2. Prepare a strategic plan for a given organisation, based on previous analysisChapter 6+7| Impact on managers | | | | Targets | | | | When to plan | | | | Who should be involved | | | | Role of planning| | | | Planning systems| |
