ASSIGNMENT ID
375858
SUBJECT AREA Management
DOCUMENT TYPE Essay
CREATED ON 3rd February 2018
COMPLETED ON 7th February 2018
PRICE
$30
18 OFFERS RECEIVED.
Expert hired: carkim

Strategic Planning assignment (Learning outcome 1)

Part 1: By completing this unit, you should now be able to understand the purpose of a strategic plan (Learning Outcome 1) • Identify the strategic aims and objectives of your organisation. (Ministry of foreign affairs of Somalia) PDF attached • Assess the impact that stakeholder expectations can have on strategic plans. • Using your above findings, determine a range of alternative strategic options for the organisation or business unit based on its current aims and objectives. Illustrate your answers with examples from your own workplace where possible. (Indicative word count: 500 – 650) Assessment Criteria 7011V1: 1.1 Identify the organisational strategic aims and objectives 1.2 Assess the impact of stakeholder expectations on a strategic plan 1.3 Determine the alternative strategic options available 1. Understand the purpose of a strategic plan 1.1 Identify the organisational strategic aims and objectives In this section you are asked to identify the organisational strategic aims and objectives. It would be useful to use your organisation or one with which you are familiar. You could explore the different approaches to strategy, for example; emergent and deliberate strategies (Mintzberg) and also the Resource Based View (RBV) of the Firm (Grant). At this level it would not be sufficient to rely for example, upon reference to SMART objectives alone. 1.2 Assess the impact of stakeholder expectations on a strategic plan In assessing the impact of stakeholder expectations on a strategic plan you could comment on the strategic purpose of the organisation and how this might be influenced by stakeholders. Without assessing stakeholder expectation, it could be more difficult to define the values, vision and mission accurately. You might also include: Deciding how much an organisation might consider stakeholders based upon the way they can impact the strategy through their power and approval (or disapproval) Prioritising and managing them in order to develop your strategy without conflict. 1.3 Determine the alternative strategic options available Stakeholders can be extensive - Freeman, but can also include: Generic types of stakeholders - Johnson and Scholes Stakeholder mapping / Power/interest matrix - Johnson, Whittington and Scholes
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03 February 2018
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03 February 2018
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03 February 2018
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03 February 2018
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07 February 2018
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07 February 2018
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07 February 2018
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