LESSON OBJECTIVE Assessment Criteria AC 1.2 Analyse the factors that have to be considered when formulating strategic plans Below are questions pertaining to lesson 2. Please ensure to answer each question correctly. 1. ________ determine how to accomplish objectives outlined in a strategic plan. A) Strategies B) Objectives C) Tactics D) Motives E) Ends 2. _______ are what you want to accomplish with a strategic plan. A) Strategies B) Objectives C) Tactics D) Motives E) Ends 3. Distinguish between strategic planning, strategies, and tactics. Review The Videos & Write A 150 Word Summary For Each By Focusing On What You Have Learnt.
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LESSON OBJECTIVE Assessment Criteria AC 1.1 Assess how business missions, visions, objectives, goals and core competencies inform strategic planning. Below are questions pertaining to lesson 1. Please ensure to answer each question correctly. 1. List two examples of a mission statement 2. The goals of an organization derive from its: a) Strategy b) Purpose c) Objectives d) Mission 3. The statement of an organization's aspirations can be found in the organization's: a) Mission statement b) Strategic objectives c) Actions d) Vision statement 4. It is generally agreed that the role of strategy is to: a) Make best use of resources b) Achieve competitive advantage c) Make profits for the organization d) Make the best products and services Review The Videos & Write A 100 Word Summary For Each By Focusing On What You Have Learnt.
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Unit 7 Dialogue Group is a great medium for us to share individual analysis on how important the existing knowledge of the basic tools of business analysis such as PESTLE is to a business. I will be uploading videos and/or review notes for each week's lesson. You will answer ALL the Review Questions posted weekly for each lesson. There will be Twelve (12) Posts in total over the next 12 Weeks. To Earn The 10% Grade from this forum, you MUST answer the review questions by Sunday of each week. You will be penalized for Late Posts. You cannot cut and paste information on my board. These will be deleted promptly and you will be immediately given an 'F' Grade. It is not necessary to cite your own ideas provided, but it is advisable at this level to validate your work through referencing. Plagiarism is a crime punishable by expulsion. I will be using a register to record your excellent and anticipated participation in Unit 7 Dialogue. At the end of the semester, if you answer all weeks and on time you will earn an A Grade - Full Marks. If you miss more 4 or more posts or make 4 late posts, you earn an 'F' Grade. Your commitment and participation in your learning at Colbourne College speaks to your character and ability to meet professional requirements and developments. You will post twice per week. This will be to answer the Review Question or Pose a Question to your peers or the dialogue group moderation. Students can have good cross-discussions among themselves to stimulate critical thinking and build quality conversations. Be Engaged! Be Informed! REMEMBER! If you do not PASS Unit 7 Forum by consistent, robust and sustained dialogue, you WILL fail the entire Unit 7 Course. My only objective is to help you pass UNIT 7. This means posting relevant review questions from each lesson and getting you engaged in the course content. I review all posts that you make. I plan on making your learning and experiences in Unit 7 Dialogue Group focused, diverse, fun, engaging and interactive. By starting this unit and with expectation to Pass the course, you hereby accept this challenge. If you accept, you may begin. ABOUT BTEC L5 CURRICULUM FOR UNIT 7 BUSINESS STRATEGY UNIT OVERVIEW You will learn how to apply strategic positioning techniques to the analysis of a given organisation and prepare and present a strategic plan based on previous analysis. You will also learn how to evaluate possible alternative strategies such as market entry, substantive growth, limited growth or retrenchment and then justify the selection of a strategy for a given organisation. You will be introduced to further analysis tools needed for the process of strategic planning. You will be able to assess the significance of stakeholder analysis and carry out an environmental and organisational audit of a given organisation. LEARNING OUTCOMES On successful completion of this unit you will: 1 Understand the process of strategic planning 2 Be able to formulate a new strategy 3 Understand approaches to strategy evaluation 4 Understand how to implement a chosen strategy. |
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November 2016
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