Elements and Performance Criteria
- Identify and evaluate business factors impacting on the organisation
- Information relating to the immediate business environment is gathered from key informants, opinion groups or technical experts.
- Evaluation of likely positive and negative impacts on parts or functions of the business is conducted in conjunction with key personnel.
- Evaluation of business conditions is timely and consistent with optimum strategic management.
- Capability of the organisation to respond effectively to change is analysed and tested.
- Analyse business threats and opportunities
- Information regarding factors affecting current or potential operations is gathered.
- Strengths, weaknesses, opportunities and threats are identified using analytical techniques.
- Remedial action or contingency plans are developed to provide flexibility in response to risks, obstacles and/or opportunities.
- Monitor and report on issues and trends affecting the business