- AHCBUS603A - Develop and review a strategic plan
AHCBUS603A
Develop and review a strategic plan
Application
This unit applies to the application of knowledge and skills to determine the scope and desired business outcomes of the strategic plan. |
Elements and Performance Criteria
ELEMENT | PERFORMANCE CRITERIA |
1. Clarify goals and direction | 1.1. Focus, direction and structure of the enterprise are considered and accounted for in the development and review of the strategic plan. 1.2. Need for development and change is assessed and identified. 1.3. Competitive and collaborative factors are identified. 1.4. Legal obligations and estate considerations are identified and considered. 1.5. Measurable goals and targets, which are enterprise consistent, are considered and developed. |
2. Undertake strategic analysis | 2.1. Accurate data is accessed using reliable sources for use in review and development. 2.2. Value chain analysis is completed for the enterprise and competitive implications are identified. 2.3. Competitive and collaborative opportunities are analysed and assessed. 2.4. Expansion opportunities are assessed for viability and feasibility. 2.5. Comprehensive analysis of all relevant data and information is undertaken to formulate a viable and realistic strategic plan. |
3. Develop and document strategic plan | 3.1. Performance measures are clear and address all key aspects of enterprise performance. 3.2. The implications of the strategic plan for the enterprise are identified, documented and incorporated. 3.3. Value adding activities and opportunities are systematically introduced. 3.4. Strategic plan initiatives and desired outcomes are clearly communicated to all relevant parties. 3.5. Strategic performance is evaluated for gaps and strengths, and appropriate remedial action implemented. |
Required Skills
Required skills |
set goals and directions for a business analyse information and results consider and evaluate alternatives design performance criteria manage projects think logically and strategically use literacy skills to fulfil job roles as required by the organisation. The level of skill may range from reading and understanding documentation to completion of written reports use oral communication skills/language competence to fulfil the job role as specified by the organisation including questioning, active listening, asking for clarification, negotiating solutions and responding to a range of views use numeracy skills to estimate, calculate and record complex workplace measures use interpersonal skills to work with others and relate to people from a range of cultural, social and religious backgrounds and with a range of physical and mental abilities. |
Required knowledge |
the external environment working knowledge of market forces resource availability and accessibility feasible enterprises and opportunities business structures forecasting value adding concepts strategic planning methodologies data collection and analysis methods risk management techniques knowledge of legislation codes and by-laws relevant to the organisations operation and potential expansion organisational design and change processes. |
Evidence Required
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Overview of assessment | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following: 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. |
Context of and specific resources for assessment | Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances. |
Range Statement
The range statement relates to the unit of competency as a whole. | |
Relevant businesses may include: | small, medium and large enterprises. |
Sectors
Unit sector | Business |
Employability Skills
This unit contains employability skills. |
Licensing Information
Not Applicable