| University | Institute of Leadership & Management (ILM) |
|---|---|
| Subject | Unit 700 Develop a Strategic Business Plan (K/506/2074) |
Unit 8624-700 Assignment Brief
| Qualification | Level 7 NVQ Diploma in Strategic Management and Leadership (8624) 601/3241/3 |
|---|---|
| Unit Number | 8624-700 |
| Unit Title | Develop a Strategic Business Plan |
| UAN | K/506/2074 |
| GLH | 31 |
| Credits | 5 |
| Aim | This unit aims to develop the knowledge and skills required to develop a strategic business plan and introduces learners to the key principles underpinning the development of a strategic business plan. Upon completion of this unit, learners will be able to prepare for business strategy implementation and develop plans to deliver the business strategy. |
Learning Outcomes and Assessment Criteria
| The learner will: | The learner can: |
| 1. Understand the principles underpinning the development of a strategic business plan | 1.1 Evaluate a range of strategic planning theories and models
1.2 Analyse the principles of resource management 1.3 Evaluate the principles of capital investment appraisal 1.4 Evaluate the role of stakeholders in the development of strategic business plans 1.5 Explain how to involve stakeholders in the development of strategic business plans |
| 2. Be able to prepare for business strategy implementation | 2.1 Prioritise strategic objectives in a way that is consistent with an organisation’s vision and values
2.2 Identify programmes of activity that are capable of achieving strategic objectives 2.3 Develop risk management plans that address identified and likely potential risks 2.4 Identify current and likely future resource requirements 2.5 Assess the costs and benefits of different approaches to strategy implementation 2.6 Develop policies that are consistent with the strategy and vision and which are capable of meeting the objectives 2.7 Set meaningful and realistic Key Performance Indicators (KPIs) and evaluation criteria |
| 3. Be able to develop plans to deliver the business strategy | 3.1 Take action to ensure the strategic plan is comprehensive in its coverage of products and/or services, quality, human resources, finance and marketing
3.2 Take action to ensure that organisational structures and processes are capable of delivering the plan 3.3 Develop plans to manage the supply chain, interdependencies and the potential for friction 3.4 Address any legal or ethical requirements 3.5 Articulate the business plan and gain the support of stakeholders |
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