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Evidence Guide: BSBSTR602 - Develop organisational strategies

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBSTR602 - Develop organisational strategies

What evidence can you provide to prove your understanding of each of the following citeria?

Confirm vision and mission of the organisation

  1. Identify organisation’s strategic direction, vision and mission
  2. Consult with relevant stakeholders on required changes to vision and mission
  3. Review and develop or revise organisational values to support the vision and mission statement
  4. Seek support for strategic planning process from all relevant stakeholders
Identify organisation’s strategic direction, vision and mission

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consult with relevant stakeholders on required changes to vision and mission

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review and develop or revise organisational values to support the vision and mission statement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek support for strategic planning process from all relevant stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse internal and external environment

  1. Analyse and undertake research to understand external environment
  2. Undertake political, economic, social, and technological (PEST) analysis
  3. Undertake capability assessment of competitor organisations
  4. Analyse organisation’s strengths, weaknesses, opportunities and threats (SWOT)
  5. 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
  6. Seek and respond to feedback from relevant stakeholders on analysis internal and external environments
Analyse and undertake research to understand external environment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake political, economic, social, and technological (PEST) analysis

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake capability assessment of competitor organisations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse organisation’s strengths, weaknesses, opportunities and threats (SWOT)

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek and respond to feedback from relevant stakeholders on analysis internal and external environments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop strategic organisational plan

  1. Document relevant research and background for inclusion in the strategic plan
  2. Develop objectives and strategies relevant for the future
  3. Detail each strategy with a priority, a timeframe, responsible stakeholders and measurable performance indicators
  4. Identify risks and develop a risk management plan
  5. Circulate strategic plan and risk management plan for feedback and endorsement
Document relevant research and background for inclusion in the strategic plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop objectives and strategies relevant for the future

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Detail each strategy with a priority, a timeframe, responsible stakeholders and measurable performance indicators

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify risks and develop a risk management plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Circulate strategic plan and risk management plan for feedback and endorsement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement strategic organisational plan

  1. Communicate strategic plan to all relevant stakeholders
  2. Develop actions and initiatives for team members to undertake
  3. Assign team members’ roles in relation to strategic objectives
  4. Use performance indicators to monitor progress in implementing plan and make refinements to plan
  5. Evaluate achievement of objectives at agreed milestones with relevant stakeholders
  6. Review effectiveness of plan and consider methods for improving strategic planning processes
Communicate strategic plan to all relevant stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop actions and initiatives for team members to undertake

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assign team members’ roles in relation to strategic objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use performance indicators to monitor progress in implementing plan and make refinements to plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate achievement of objectives at agreed milestones with relevant stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review effectiveness of plan and consider methods for improving strategic planning processes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge

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.

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.