Bsbmgt616 develop and implement strategic plans answers

Crown Institute of Business and Technology Pty Ltd ABN 86 116 018 412 National Provider No: 91371 CRICOS Provider Code: 02870D North Sydney Campus: 116 Pacific Highway North Sydney NSW 2060 P 02 9955 0488 F 02 9955 3888

Sydney CBD Campus: Level 5, 303 Pitt St Sydney NSW 2000 P 02 8959 6340 F 02 9955 3888 Sydney CBD Campus: Level 11, 307 Pitt St Sydney NSW 2000 P 02 8034 6431

Canberra Campus: Suite 1, Level 4, 40 Cameron Avenue, Belconnen, ACT 2617 P 02 6253 5184

BSBMGT616 Assessment Task 01 V2.0 Page 1 of 8

BSBMGT616 Develop and Implement Strategic Plans

Assessment Task 1- Assignment and Project

Part A Task summary

You are required to answer all of the following questions. You need to answer all of the written questions correctly. Generally, you are expected to write a response one or two paragraphs long. Please answer the questions using word processing software.

Required

 Access to student workbook/other learning materials

 Computer and Microsoft Office

 Access to the internet

Assessment criteria

All questions must be answered correctly in order for you to be assessed as having completed the task satisfactorily.

Provide answers to all of the questions below:

Question 1

Give three examples of risks that should be taken into account in developing and implementing

strategic plans.

Question 2

Give two examples of risk management strategies that can be used when developing and

implementing strategic plans.

Question 3

Give an example of a risk management strategy that can be used to manage intellectual property

risks inherent in strategic planning.

Question 4

Outline the benefit of conducting a SWOT analysis as part of a strategic planning process and

how a SWOT analysis is conducted.

Question 5

Outline four examples of questions that could be used when conducting a SWOT analysis.

Question 6

Outline the benefit of conducting a PESTLE analysis as part of a strategic planning process and

how a PESTLE analysis is conducted.

Question 7

Outline four examples of questions that could be used when conducting a PESTLE analysis.

Crown Institute of Business and Technology Pty Ltd ABN 86 116 018 412 National Provider No: 91371 CRICOS Provider Code: 02870D North Sydney Campus: 116 Pacific Highway North Sydney NSW 2060 P 02 9955 0488 F 02 9955 3888

Sydney CBD Campus: Level 5, 303 Pitt St Sydney NSW 2000 P 02 8959 6340 F 02 9955 3888 Sydney CBD Campus: Level 11, 307 Pitt St Sydney NSW 2000 P 02 8034 6431

Canberra Campus: Suite 1, Level 4, 40 Cameron Avenue, Belconnen, ACT 2617 P 02 6253 5184

BSBMGT616 Assessment Task 01 V2.0 Page 2 of 8

Question 8

List two internal sources of information that a business could use to find out about its market,

competitors, customer base, vision, values and capabilities.

Question 9

List two external sources of information that a business could use to find out about its market,

competitors, customer base, vision, values and capabilities.

Question 10

Explain the purpose of developing organisational values and two techniques that could be used

to identify values as part of the strategic planning process.

Crown Institute of Business and Technology Pty Ltd ABN 86 116 018 412 National Provider No: 91371 CRICOS Provider Code: 02870D North Sydney Campus: 116 Pacific Highway North Sydney NSW 2060 P 02 9955 0488 F 02 9955 3888

Sydney CBD Campus: Level 5, 303 Pitt St Sydney NSW 2000 P 02 8959 6340 F 02 9955 3888 Sydney CBD Campus: Level 11, 307 Pitt St Sydney NSW 2000 P 02 8034 6431

Canberra Campus: Suite 1, Level 4, 40 Cameron Avenue, Belconnen, ACT 2617 P 02 6253 5184

BSBMGT616 Assessment Task 01 V2.0 Page 3 of 8

Assessment Task 1 Part A

Marking Checklist

Student’s name:

Did the student:

Completed successfully

Comments

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Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

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Task Outcome: Satisfactory  Not Satisfactory 

Assessor signature

Assessor name

Date

Crown Institute of Business and Technology Pty Ltd ABN 86 116 018 412 National Provider No: 91371 CRICOS Provider Code: 02870D North Sydney Campus: 116 Pacific Highway North Sydney NSW 2060 P 02 9955 0488 F 02 9955 3888

Sydney CBD Campus: Level 5, 303 Pitt St Sydney NSW 2000 P 0