The document outlines an assignment on business strategy for a course. It includes 4 learning outcomes on strategic planning, formulation, evaluation and implementation. For the first task, students are asked to explain strategic terminology for their organization, including mission, vision, objectives, goals and competencies. The second task requires an analysis of strategic planning issues specific to the organization. The third task involves describing three planning techniques and how they are relevant. The document provides context, formatting guidelines, submission details and assessment criteria to guide students in addressing all aspects of strategic planning for the assignment.
The document outlines an assignment on business strategy for a course. It includes 4 learning outcomes on strategic planning, formulation, evaluation and implementation. For the first task, students are asked to explain strategic terminology for their organization, including mission, vision, objectives, goals and competencies. The second task requires an analysis of strategic planning issues specific to the organization. The third task involves describing three planning techniques and how they are relevant. The document provides context, formatting guidelines, submission details and assessment criteria to guide students in addressing all aspects of strategic planning for the assignment.
The document outlines an assignment on business strategy for a course. It includes 4 learning outcomes on strategic planning, formulation, evaluation and implementation. For the first task, students are asked to explain strategic terminology for their organization, including mission, vision, objectives, goals and competencies. The second task requires an analysis of strategic planning issues specific to the organization. The third task involves describing three planning techniques and how they are relevant. The document provides context, formatting guidelines, submission details and assessment criteria to guide students in addressing all aspects of strategic planning for the assignment.
The document outlines an assignment on business strategy for a course. It includes 4 learning outcomes on strategic planning, formulation, evaluation and implementation. For the first task, students are asked to explain strategic terminology for their organization, including mission, vision, objectives, goals and competencies. The second task requires an analysis of strategic planning issues specific to the organization. The third task involves describing three planning techniques and how they are relevant. The document provides context, formatting guidelines, submission details and assessment criteria to guide students in addressing all aspects of strategic planning for the assignment.
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Business Strategy
Assignment
Learning Outcomes ( LO)
1.Understand the process of
strategic planning.
2.Be able to formulate a new
strategy.
Assessment Criteria ( AC)
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
2.1 produce an organizational audit for a given organisation
2.2 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 retrenchment 3.2 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
Implementation 4.2 evaluate resource requirements to implement a new strategy for a given organization 4.3 discuss targets and timescales for achievement in a given organisation to monitor a given strategy.
Context Briefly describe your organisation and what it does.
Context of assignment is provided
Understand the process of strategic planning (learning outcome 1)
Task 1 A 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 2 Different 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 3 Describe 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 1.1 AC 1.2 AC 1.3
Assignment Format / 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)
Assignment Format / 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
Assignment Assignment 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.
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.
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 8
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.
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
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.
merit =1
distinction= 2.
10
Assignment Learning Outcome (LO1)
Understanding the process of Strategic Planning a. 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. Ansoffs growth-vector matrix; portfolio analysis
11
Assignment Learning Outcome (LO1)
Understanding the process of Strategic Planning c. 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 12
Assessment Criteria for (LO1)
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
13
Context Briefly describe your organisation and what it does.
Context of assignment is provided
Understand the process of strategic planning (learning outcome 1)
Task 1 A 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 2 Different 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 3 Describe 3 different planning techniques that you will adopt for planning the business strategy. Explain why these techniques are relevant and appropriate to your organisation.
