H/602/2330 Explain the importance of external factors affecting an organisation.

Strategic Planning

Aims

To develop the knowledge, understanding and skills necessary to develop an organisational strategic plan.

Learning Outcomes

1. Understand the external environment affecting an organisation

1.1 Explain the importance of external factors affecting an organisation

1.2 Analyse the needs and expectations of stakeholders of an organisation

1.3 Analyse the major changes taking place in the external environment that will affect strategy

2. Be able to review existing business plans and strategies of an organisation

2.1 Use appropriate tools to analyse the effects of current business plans

2.2 Review the position of an organisation in its current market

2.3 Evaluate the competitive strengths and weaknesses of an organisations current business strategies

3. Be able to develop options for strategic planning for an organisation

3.1 Use modelling tools to develop strategic options for an organisation

3.2 Develop a comparative understanding of activity from organisations in the market.

3.3 Create options to form the basis of future organisational strategy.

4. Be able to construct a strategy plan for an organisation.

4.1 Propose a suitable structure for a strategy plan that ensures appropriate participation from all stakeholders of an organisation.