BSBSTR602 Develop Organizational Strategies Questions and Answers
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BSBSTR602 Develop Organizational Strategies
Question 1. Outline five (5)legislation, regulations and/or codes of practice that may be relevant to an organization’s strategic plan.
|Legislation, regulation and/or code of practice||Outline (30-50 words each)|
Question 2. Define an organization’s strategic direction, vision and mission. Provide an example of each.
|Definition and example|
Question 3. Explain how to conduct the capability assessment of an organization. Mention two (2) methods to conduct capability assessment in your answer. (80-120 words)
Question 4. Explain what a SWOT analysis is and its use in strategic planning. Provide two (2) examples of strengths, weaknesses, opportunities and threats in your answers.(100-150 words)
Question 5. Explain what a PEST analysis is and its use in strategic planning. In your answer, provide two (2) examples of the PEST components, political, economic, social, and technological factors. (100-150 words)
Question 6. Research and provide a brief description of the following strategic planning methodologies:
|Force field analysis|
Question 7. Explain the role of cost-benefit analysis in strategic planning and how it can be performed. Mention two (2) cost-benefit analysis methods in your answer. (80-120 words)
Question 8. Outline the value of cooperative ventures in strategic planning—mention three (3) types of cooperative ventures in your answer, including their key features. (100-150 words)
Question 9. Outline why due diligence is key to effective strategic planning. Describe three (3) key features of the due diligence process in your answer. (80-120 words)
Question 10. Assume that you work for Vodafone Australia. Identify two (2) strengths and two (2) weaknesses of two (2) potential competitors.
Question 11. Identify internal and external sources of information to gather data and information on:
- The organization’s market
- Customers base
- Vision, values and capabilities of the organization
|Strategic dimension||Internal source
|The organization’s market|
|Vision, values and capabilities of the organization|
Question 12. Describes three (3) techniques for developing organizational values.
|Technique||Description (30-50 words/technique)|
Question 13.Give three (3) practical examples of risks and risk management strategies relevant to strategic planning (with one of them related to intellectual rights and responsibilities).
|Risk-example||Risk management strategy to treat the risk
(30-50 words each)