- SIRXMGT005A - Set strategic plans
SIRXMGT005A
Set strategic plans
Application
This unit applies to senior managers who are responsible for setting objectives and targets both long-term and short
Prerequisites
Nil
Elements and Performance Criteria
Elements | Performance Criteria |
Elements describe the essential outcomes of a unit of competency. | Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide. |
1. Communicate and implement mission statement. | 1.1.Communicate mission statement, according to store’s stated purpose and values. 1.2.Interpret mission statement in active consultation with team members and management. |
2. Set objectives and targets. | 2.1.Develop objectives and targets after active consultation with team members and management according to store policy and procedures. 2.2.Ensure strategies and objectives accurately reflect the overall store mission and values. 2.3.Ensure strategies and objectives are attainable, cost-efficient and realistic within a designated timeframe and allow for continuous improvement planning. 2.4.Ensure strategies and objectives contain sufficient detail to allow development of specific projects. 2.5.Clearly acknowledge constraints upon objectives. |
3. Develop action plans | 3.1.Develop, evaluate and implement action plans according to store policy and procedures. 3.2.Ensure action plans contain, clear, comprehensive and concise details. 3.3.Ensure action plans take account of appropriate operational and other relevant considerations. 3.4.Ensure proposals identify targets, standards and implementation methods. |
Required Skills
This section describes the essential skills and knowledge and their level, required for this unit. |
Required skills |
analytical and management skills to implement and evaluate plans interpersonal communication skills to: interpret and communicate mission statement develop objectives and targets in consultation with team members and management through clear and direct communication ask questions to identify and confirm requirements use language and concepts appropriate to cultural differences use and interpret non-verbal communication present reports conduct group presentations conduct consultative processes literacy skills to: document strategic plans interpret information numerical skills in regard to financial and budget planning |
Required knowledge |
store policy and procedures in regard to strategic planning store purpose and values store mission statement internal and external operating environment principles and techniques in strategic planning |
Evidence Required
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package. | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | Evidence of the following is essential: interprets, communicates and implements store's mission statement collaboratively develops team objectives reflecting the store's mission statement collaboratively develops strategies for achieving team objectives collaboratively develops effective action plans to implement strategies, including targets, standards and implementation methods. |
Context of and specific resources for assessment | Assessment must ensure access to: a retail work environment relevant documentation, such as: strategic plans store mission statement store value statement information on the internal and external operating environment a team. |
Methods of assessment | A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit: observation of performance in the workplace third-party reports from a supervisor research reports written or verbal questioning to assess knowledge and understanding review of portfolios of evidence and third-party workplace reports of on-the-job performance. |
Guidance information for assessment | Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended. |
Range Statement
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. | |
Mission statements may be: | formal informal communicated verbally communicated in writing. |
Team members and management may include: | people with varying degrees of language and literacy people from a range of cultural, social and ethnic backgrounds people with a range of responsibilities and job descriptions. |
Store policy and procedures in regard to: | strategic planning |
Strategies and objectives may relate to: | technology time management standards of work quality quantity human relations, personal development legal issues internal and external operating environments implementation of policy and procedures development and communication of ideas development of product and service provision problem solving financial control and accounting profits management systems inventory control loss prevention. |
Store mission and values may include: | customer relationships supplier relationships legal requirements WHS equal opportunity ethics employment human relations training environment. |
Constraints upon objectives may include: | internal considerations external considerations. |
Sectors
Cross-Sector
Competency Field
Management and Leadership
Employability Skills
This unit contains employability skills.
Licensing Information
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.