Home Solutions 1.1 Plan the development of the mission statement, vision statement, objectives, goals, business core competencies and explain their importance to the stakeholders
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On successful completion of
this unit you will:
Understand the process of
1.1 Plan the development of the mission statement, vision statement, objectives, goals, business core competencies and explain their importance to the stakeholders
1.2 review the issues involved in strategic planning
1.3 explain different planning techniques
Be able to formulate a new strategy
2.1 Conduct an audit for the business and report on the findings
2.2 carry out an environmental audit for the business and report on the findings
2.3 explain the significance of stakeholder analysis
Understand approaches to
strategy evaluation and
3.1 analyse possible alternative strategies relating to
substantive growth, limited growth or retrenchment
3.2 select an appropriate future strategy for the business
3.3 prepare a business presentation using suitable software and techniques to disseminate information effectively
3.4 produce a formal business report
Understand how to
implement a chosen strategy
4.1 compare the roles and responsibilities for strategy
4.2 evaluate resource requirements to implement a new
strategy for the Business
4.3 discuss targets and timescales for achievement
to monitor the said strategy.
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