Unit 01 Strategic Management - Level 7 Diploma In Strategic Management And Leadership

Unit Reference Number - A/616/2724

Learning Outcome 1: Be able to analyse key external influences on an organisation's strategy.

Learning Outcome 2: Be able to appraise strategic options for an organisation.

Learning Outcome 3: Be able to evaluate various tools and approaches to a strategy implementation plan.

Learning Outcome 4: Be able to develop and implement a strategic organisational change management plan.

Learning Outcome 5: Be able to monitor and control the implementation of strategic plans.

Task 1 - Business presentation

Instructions:

Individually prepare a presentation critically evaluating the strategic plans of an organisation of your choice and propose strategic options. Your presentation is to be made to the board of directors and you should:

Question 1. Introduce your selected organisation, and evaluate its vision, mission and values statements with recommendations for any revisions you deem appropriate.
Question 2. Critically evaluate the organisations key headline data including, but not limited to, trends in financial performance, share price (where applicable) market share, profitability and major competitors.
Question 3. Define the organisation's industry and explore the critical macro-environment forces that influence it.
Question 4. Critically analyse the organisation's competitive position in that industry.
Question 5. Present a SWOT table (or equivalent) and critically evaluate the organisations current strategic position.

Task 2

Instructions:

Following your presentation, you should now prepare a new strategic plan:

Question 1. Critically evaluate the relationship between the organisation's, corporate, business and operational strategies
Question 2. Apply strategic models and tools to recommend strategic options for the organisation
Question 3. Evaluate critical success factors/assumptions that underpin the strategic options you've developed
Question 4. Recommend and justify a strategic option and accompanying business objectives
Question 5. Identify change factors by completing a force field analysis for your selected organisation
Question 6. Identify the change agents and propose a suitable structure for the implementation of the plan
Question 7. Create a resourced implementation plan for the strategy, with a justified timeline for implementation
Question 8. Describe the potential risks during the implementation

Task 3 - Reflective Essay

Instructions:

Critical evaluate the usefulness of change models such as Lewin, McKinsey 7s and Kotter for the selected organisation and recommend a specific model to support the strategic option identified in Task 3. You should also explain how you could be a change agent and identify the leadership and change agent skills you would need to display in order to make changes successful.