STUDENT NAME STUDENT ID

BSBMGT616 - Develop and implement strategic Plans

Knowledge Test

QUESTION QUESTIONS Students

NUMBER response (to
be
completed
by the
assessor)
Why should you confirm with stakeholders that the organisational vision and mission are S
Question 1: up-to-date and are helpful to the strategic plan? (100-120 words.)
NS

Why does an organisation need to make changes or refinements to their mission S

Question 2: statement? (100-120 words.)
NS

Identify and explain the six (6) steps in developing organisational values, which would S
Question 3: support the vision and mission statement of an organisation. (100-120 words.)
NS

How can a stakeholder play a significant role in providing support for the strategic S
Question 4:
planning process? (50-70 words.)
NS

Answer the following questions:

Question 5: a. What is a PEST Analysis? Write your answer in 50-100 words
b. How can a PEST analysis assist businesses to monitor their internal and external S
environment to determine impacts on organisational objectives? Write your answer
in 70-100 words. NS

c. What are the benefits of an organisation analysing PEST in a global context? (50-
100 words)
Answer the following questions:
Question 6: S
a. What is a SWOT analysis? Write your answer in 70-100 words.
b. What are steps to conduct SWOT analysis for an organisation? Explain all the steps NS
in 70-100 words.

How can you determine information requirements and undertake research to be able to S
Question7: deliver the relevant information? ( 70-100 words.)
NS

Identify five (5) appropriate experts from whom you may seek advice regarding your S
Question8: strategic plan and explain their role. Write your answer in 100-120 words.
NS

How can you identify and evaluate the strengths and weaknesses of present and potential S
Question9: competitors? (50-70 words)
NS

Question10: Why should you ensure that your analysis of the internal and external environments is S
consistent with the perspectives of other informed people? (100-120 words.)
NS

Question11: What are the major components of a strategic plan, in which you will need to include S
documented and relevant research? Write your answer in 100-120 words.
NS

Question12: Describe any six (6) steps to formulate strategic objectives and strategies needed which S
are beneficial for the future of an organisation. (70-100 words.)
NS

Question13: What is the importance of circulating the strategic plan for comment, support and S
endorsement to all relevant stakeholders? (70-100 words.)
NS
 STUDENT NAME STUDENT ID

Question14: Discuss options and considerations for communication and how you can communicate a S
strategic plan. (100-120 words.)
NS

Question15: Answer the following questions:

S
a. Why is it necessary to consult with and brief people in a range of roles in relation to
strategies? Write your answer in 100-120 words NS
b. How can you structure this process to ensure the briefing process works? Write your
answer in 100-120 words
Question16: What is the importance of having performance indicators to monitor progress in S
implementing a plan? (100-120 words. )
NS

Question17: Identify and describe any ten (10) methods used to make necessary refinements to a S
strategic plan. (100-120 words. )
NS

Question18: Identify and describe a way you can evaluate achievement of objectives at agreed S
milestones. (100-120 words.)
NS

Question19: Strategic planning is a dynamic process of continuously looking at your current situation
and plotting your next move. This requires a solid understanding of the organisation as S
well as an understanding about the environment that the organisation operates in.
Supporting this statement answer why we should review the effectiveness of a plan and NS
consider methods for improving strategic planning processes. (100-120 words.)
Question 20: Mention any five (5) legislations, regulations or codes of practice applicable to strategic S
planning and explain how you apply them? (100-120 words.)
NS

Question 21: Identify and explain five (5) tools and approaches you may find useful for strategic S
planning and developing and/or implementing the strategic plan. (50-100 words for each)
NS

Question 22: Answer the following questions: S

a. Define organisational values. ( 50-70 words)
b. List the techniques used to develop organisational values. (50-70 words.) NS

Question 23: Answer the following questions:

a. Identify and explain four (4) types of risk that an organisation can encounter. ( 100- S
120 words)
b. Explain what intellectual property rights and responsibilities are and the risks NS
associated with them. (100-120 words.)
c. How can you integrate risk management into strategic planning? ( 100-120 words)
Question 24: Answer the following questions:
S
a. Define and identify four (4) internal sources of information. ( 50-100 words)
b. Define and identify four (4) external sources of information. ( 50-100 words) NS
c. How are they relevant to an organisations market, competitors, customer base,
vision, values and capabilities? ( 50-100 words)
Question 25: Answer the following questions:

a. What is a cooperative venture? ( 30-50 words S

b. What are the advantages of a cooperative venture? (50-70 words)
c. What are the risks associated with a cooperative venture? ( 50-70 words) NS
d. How can a cost benefit analysis and due diligence ensure consistency with an
organisations vision, mission and values( 100-120 words)
Question 26: Answer the following questions:
S
a. Why should each strategy be assigned with a priority, a timeframe, responsible
parties and measurable performance indicators? ( 100-120 words) NS
b. Why is it important to develop action plans for strategies and how do you develop
one? ( 100-120 words)
STUDENT NAME STUDENT ID