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 | |
| Strategic direction | |
| Vision | |
| Mission |
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:
| Description
(30-50 words) |
|
| Balance scorecard | |
| Competitive analysis | |
| 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.
| Competitor 1
<Add Name> |
Competitor 2
<Add Name> |
|
| Strengths | ||
| Weaknesses | ||
Question 11. Identify internal and external sources of information to gather data and information on:
- The organization’s market
- Competitors
- Customers base
- Vision, values and capabilities of the organization
| Strategic dimension | Internal source
(2/strategic dimension) |
External source
(2/strategic dimension) |
| The organization’s market | ||
| Competitors | ||
| Customers base | ||
| 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) |