Be able to analyse the factors affecting the development of strategic plans. Evaluate political, economic, social, technological, legal and ethical factors affecting the development of strategic plans. Taking these factors into account is key when developing a strategic plan, knowing which of these may influence or affect the aims and objectives of the organisation. Evaluate factors and provide a conclusion on how they affect the development of strategic plans- refer to own plan and factors that needed to be considered for this. Evaluate the market factors that may influence strategic planning decisions. Skills availability, Resource Availability, International experience, Competitor activity, Government intervention and Commodity availability are key factors to consider. Evaluate two of these factors and draw conclusions on how they may influence strategic planning decisions. Evaluate the application of scanning tools to strategy development Explore some examples of scanning tools used by organisations- Benchmarking, current/base practice reviews, Self-assessment tools such as internal evaluation, customer surveys, News Analysis. Evaluate two or more of these and draw conclusions about their usefulness. Be able to make a contribution to a strategic plan. Analyse the relationship between strategic intentions, strategic choice and strategy formulation. Understanding the importance of strategic intentions and strategic choices influence the formulation of the organisation’s strategy. Analyse the relationship between strategic intentions, strategic choices and strategy formulation in order to determine the essential features of each and draw conclusions. Relate to own strategic development plan. Make viable contributions that are consistent with strategic objectives and resource constraints. Learner is required to provide evidence that they have made two or more viable contributions to the strategic plan that are consistent with both strategic objectives and resource constraints. Witness testimony- Line manager sharing information about your contributions to the strategic development plan. Evaluate the impact of a proposed strategy on a business Johnson and Scholes et al note that there are three types of evaluation criteria that can be used Suitability- does the strategy address circumstances in which the organisation is operating? Acceptability- are the expected performance outcomes (return and risk) in line with the expectations of stakeholders? Feasibility- could the strategy be made to work in practice?
Be able to analyse the factors affecting the development of strategic plans. Evaluate political, economic, social, technological, legal and ethical factors affecting the development of strategic plans. Taking these factors into account is key when developing a strategic plan, knowing which of these may influence or affect the aims and objectives of the organisation. Evaluate factors and provide a conclusion on how they affect the development of strategic plans- refer to own plan and factors that needed to be considered for this. Evaluate the market factors that may influence strategic planning decisions. Skills availability, Resource Availability, International experience, Competitor activity, Government intervention and Commodity availability are key factors to consider. Evaluate two of these factors and draw conclusions on how they may influence strategic planning decisions. Evaluate the application of scanning tools to strategy development Explore some examples of scanning tools used by organisations- Benchmarking, current/base practice reviews, Self-assessment tools such as internal evaluation, customer surveys, News Analysis. Evaluate two or more of these and draw conclusions about their usefulness. Be able to make a contribution to a strategic plan. Analyse the relationship between strategic intentions, strategic choice and strategy formulation. Understanding the importance of strategic intentions and strategic choices influence the formulation of the organisation’s strategy. Analyse the relationship between strategic intentions, strategic choices and strategy formulation in order to determine the essential features of each and draw conclusions. Relate to own strategic development plan. Make viable contributions that are consistent with strategic objectives and resource constraints. Learner is required to provide evidence that they have made two or more viable contributions to the strategic plan that are consistent with both strategic objectives and resource constraints. Witness testimony- Line manager sharing information about your contributions to the strategic development plan. Evaluate the impact of a proposed strategy on a business Johnson and Scholes et al note that there are three types of evaluation criteria that can be used Suitability- does the strategy address circumstances in which the organisation is operating? Acceptability- are the expected performance outcomes (return and risk) in line with the expectations of stakeholders? Feasibility- could the strategy be made to work in practice?
ML-45-Support-notes.docx