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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

1. Confirm vision and mission of the organisation
   • Identify organisation’s strategic direction, vision and mission
   • Consult with relevant stakeholders on required changes to vision and mission
   • Review and develop or revise organisational values to support the vision and mission statement
   • Seek support for strategic planning process from all relevant stakeholders
2. Analyse internal and external environment
   • Analyse and undertake research to understand external environment
   • Undertake political, economic, social, and technological (PEST) analysis
   • Undertake capability assessment of competitor organisations
   • Analyse organisation’s strengths, weaknesses, opportunities and threats (SWOT)
   • Establish cooperative ventures, that are supported by risk and cost benefit analyses, according to organisational vision, mission and values and provide for due diligence, where required
   • Seek and respond to feedback from relevant stakeholders on analysis internal and external environments
3. Develop strategic organisational plan
   • Document relevant research and background for inclusion in the strategic plan
   • Develop objectives and strategies relevant for the future
   • Detail each strategy with a priority, a timeframe, responsible stakeholders and measurable performance indicators
   • Identify risks and develop a risk management plan
   • Circulate strategic plan and risk management plan for feedback and endorsement
4. Implement strategic organisational plan
   • Communicate strategic plan to all relevant stakeholders
   • Develop actions and initiatives for team members to undertake
   • Assign team members’ roles in relation to strategic objectives
   • Use performance indicators to monitor progress in implementing plan and make refinements to plan
   • Evaluate achievement of objectives at agreed milestones with relevant stakeholders
   • Review effectiveness of plan and consider methods for improving strategic planning processes

Performance Evidence

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

consult and communicate with relevant stakeholders, and develop and implement one strategic plan for an organisation on at least one occasion, including:

revising mission, vision and values

analysing and validating findings of research and analysis

obtaining input to and endorsement of strategic plans

brief relevant parties about strategic plan.

In the course of the above, the candidate must:

analyse organisation’s internal and external environment to formulate strategic plans, including:

background and research relevant to strategic plan

legislation, regulations and codes of practice, including for intellectual property

objectives, strategies and priorities

roles and responsibilities

performance indicators

timeframes

cost-benefit and risk analysis

seek advice from appropriate experts

monitor and evaluate the implementation of strategic plan and make refinements

review effectiveness of planning processes and identify opportunities for improvement.

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Knowledge Evidence

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

legislation, regulations and codes of practice relevant to organisation’s strategic plan

organisation’s strategic direction, vision and mission

methods for conducting capability assessment

organisation’s strengths, weaknesses, opportunities and threats

strengths and weaknesses of existing and potential competitors

key features of cooperative ventures

methods for conducting cost benefit analysis

key features of due diligence processes

risks and risk management strategies relevant to strategic planning, including:

intellectual property rights and responsibilities

other risks

strategic planning methodologies, including:

political, economic, social and technological (PEST) analysis

strengths, weaknesses, opportunities and threats analysis (SWOT)

internal and external sources of information relevant to the organisation’s market, competitors, customer base, vision, values and capabilities

techniques for developing organisational values.

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