LESSON OBJECTIVE Assessment Criteria AC 4.3 Evaluate the contribution of SMART targets to the achievement of strategy implementation in a given organisation. Below are questions pertaining to lesson 12. Please ensure to answer each question correctly. 1. How do SMART targets affect individuals at the corporate level? 2. How do SMART targets affect individuals at the operational level? 3. How do SMART targets affect individuals at the personal level? 4. Consider the three (3) levels and identify the common grounds among them. Review The Video & Write A 200 Word Summary By Focusing On What You Have Learnt.
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LESSON OBJECTIVE Assessment Criteria AC 4.2 Analyse the estimated resource requirements for implementing a new strategy for a given organisation Below are questions pertaining to lesson 11. Please ensure to answer each question correctly. 1. What are the necessary resources that will be used? 2. How is time an essential resource in strategy implementation? Review The Video & Write A 200 Word Summary By Focusing On What You Have Learnt. LESSON OBJECTIVE Assessment Criteria AC 4.1 Assess the roles and responsibilities of personnel who are charged with strategy implementation Below are questions pertaining to lesson 10. Please ensure to answer each question correctly. 1. Who is usually in-charged of implementing strategies? 2. What are the designated responsibilities of this person during the implementation of strategies? Review The Video & Write A 200 Word Summary By Focusing On What You Have Learnt. LESSON OBJECTIVE
Assessment Criteria AC 3.2 Justify the selection of a strategy Below are questions pertaining to lesson 9. Please ensure to answer each question correctly. 1. What elements went into selecting the strategy? 2. Have you made note of considering the alternatives if this strategy fails? 3. Explain the appropriateness of the strategy. 4. What is the possibility that this strategy will be successful? 5. Elaborate on why this strategy is desirable LESSON OBJECTIVE Assessment Criteria AC 3.1 Analyse the appropriateness of alternative strategies relating to market entry, substantive growth, limited growth or retrenchment for a given organisation Below are questions pertaining to lesson 8. Please ensure to answer each question correctly. 1. What is meant by "alternative strategies"? 2. What is the difference between limited growth and substantive growth Review The Videos & Write A 100 Word Summary For Each By Focusing On What You Have Learnt.
LESSON OBJECTIVE Assessment Criteria AC 2.4 Present a new strategy for a given organisation Below are questions pertaining to lesson 7. Please ensure to answer each question correctly. 1. What factors are considered when creating a strategy for a business? 2. What is your presentation method? 3. What if your new strategy is met with resistance from internal and external stakeholder. What will you do to reach a consensus? Review The Video & Write A 200 Word Summary By Focusing On What You Have Learnt. LESSON OBJECTIVE Assessment Criteria AC 2.3 Assess the significance of stakeholder analysis when formulating new strategy Below are questions pertaining to lesson 6. Please ensure to answer each question correctly. 1. What Is Stakeholder Analysis? 2. Why is a Stakeholder Analysis considered to be Important in an organization? 3. When would a Stakeholder Analysis be used? 4. List seven (7) key questions to be asked when identifying stakeholders and their interests. 5. What is the difference between a stakeholder significance grid and stakeholder mapping? Review The Video & Write A 200 Word Summary By Focusing On What You Have Learnt. LESSON OBJECTIVE Assessment Criteria AC 2.2 Carry out an environmental audit for a given organisation Below are questions pertaining to lesson 5. Please ensure to answer each question correctly. 1. Assess the macro-environment of an organisation using PESTEL. 2. Highlight the external key drivers of change likely to affect the structure of a sector or market. 3. Evaluate methods of business forecasting used when assessing the likely outcome of different business strategies. 4. State and describe the components of the "five forces model" 5. Identify the THREE layers that make up the environment Review The Videos & Write A 200 Word Summary For Each By Focusing On What You Have Learnt
LESSON OBJECTIVE Assessment Criteria AC 2.1 Analyse the strategic positioning of a given organisation by carrying out an organisational audit. Below are questions pertaining to lesson 4. Please ensure to answer each question correctly. 1. Which of the following best describes the objective of internal auditing? A) To assist members of the organization in the effective discharge of their responsibilities B) To assist management with the design and implementation of accounting and control systems C) To examine and evaluate an organization's accounting system as a service to management D) To monitor the organization's internal control system for the external auditors 2. SWOT is an acronym for: A) strategy, working, opinion, tactical. B) strengths, weaknesses, opportunities, threats. C) strategy, work, openness, toughness. D) strategy, weakness, opinions, tactics. 3. In the value chain, primary activities are: A) Directly involved in the production, marketing and delivery of the product or service B) Those activities that are all undertaken in-house C) Those activities that support the production, marketing and delivery of the product or service D) Directly involved in the production and delivery of the product or service 4. One of the strategic decisions relating to the value chain concerns vertical integration. This would involve: A) Deciding whether to locate operations in the home country or in a foreign location B) Deciding whether the activity should be performed within the organization or by a different firm C) Deciding to link all activities using Enterprise Resource Planning D) Deciding whether to share certain activities across different products and markets 5. A comparison between operations or parts of operations that are within the same total organisation is called: A) Competitive benchmarking B) External benchmarking C) Internal benchmarking D) Non-competitive benchmarking 6. Benchmarking against external organisations that do not compete directly in the same markets is called: A) Practice benchmarking B) Collaborative benchmarking C) Non-competitive benchmarking D) Non-assault benchmarking Review The Videos & Write A 100 Word Summary For Each By Focusing On What You Have Learnt.
LESSON OBJECTIVE
Assessment Criteria AC 1.3 Evaluate the effectiveness of techniques used when developing strategic business plans Below are questions pertaining to lesson 3. Please ensure to answer each question correctly. 1. Identify six (6) tools that are used when developing strategic business plans 2. Conduct a STEEPLE analysis for an organisation with which you are familiar. 3. Using the STEEPLE analysis in question 1, suggest corporate and business strategies to address the identified challenges and opportunities 4. Using the five forces framework, evaluate a competitive environment of your choice. 5. Review the limitations of using the five forces framework. |
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