Application
This unit of competency describes the skills and knowledge required to develop and review a strategic plan.
All work must be carried out to comply with organisational requirements, work health and safety legislation and codes, sustainability practices and in consultation with the management team.
This unit applies to individuals who take personal responsibility for their own work and exercise autonomy in undertaking complex work. They must analyse information and exercise judgement to complete a range of advanced skilled activities. They analyse, design and communicate solutions to a range of complex problems.
No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.
Elements and Performance Criteria
Element | Performance criteria |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Clarify business goals and direction | 1.1 Evaluate the focus, direction and structure of the enterprise in the development and review of the strategic plan 1.2 Assess and identify need for development and change 1.3 Identify competitive and collaborative factors 1.4 Identify and consider legal obligations and estate considerations 1.5 Develop goals and targets consistent with the enterprise |
2. Undertake strategic analysis | 2.1 Access data for use in review and development 2.2 Assess opportunities to value-add in the distribution chain of commodities and identify competitive implications 2.3 Analyse and assess competitive and collaborative opportunities 2.4 Assess expansion opportunities for viability and feasibility 2.5 Undertake comprehensive analysis of data and information to formulate a viable and realistic strategic plan |
3. Develop and document strategic plan | 3.1 Ensure performance measures are clear and address all key aspects of enterprise performance 3.2 Identify, document and incorporate the implications of the strategic plan for the enterprise 3.3 Introduce value adding activities and opportunities 3.4 Communicate strategic plan initiatives and desired outcomes 3.5 Evaluate strategic performance for gaps and strengths and implement appropriate remedial action |
Evidence of Performance
The candidate must be assessed on their ability to integrate and apply the performance requirements of this unit in a workplace setting. Performance must be demonstrated consistently over time and in a suitable range of contexts.
The candidate must provide evidence that they can:
determine the scope and desired business outcomes of the strategic plan
analyse the competitive environment
document performance measures to address all key aspects of enterprise performance
evaluate opportunities and the viability and feasibility of the production, business and marketing plans
document, monitor and review the strategic plan
set the goals and direction for the business
communicate strategic direction.
Evidence of Knowledge
The candidate must demonstrate knowledge of:
the external environment
market forces
resource availability and accessibility
feasible enterprises and opportunities
business structures
business analysis and forecasting
value adding concepts
strategic planning methodologies
data collection and analysis methods
risk management techniques
legislation and by-laws relevant to the organisations operation and potential expansion
organisational design and change processes.
Assessment Conditions
Competency is to be assessed in the workplace or simulated environment that accurately reflects performance in a real workplace setting.
Assessors must satisfy current standards for RTOs.
Foundation Skills
Foundation Skills essential to performance are explicit in the performance criteria of this unit of competency.
Range Statement
Sectors
Business (BUS)