Develop and Implement Strategic Plan

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BSBMGT616 : Develop and Implement Strategic Plan – Management Assignment
Questions :
An organisation’s strategic plan is impacted by legislation, regulations and codes of practice. List 5 examples of legislation that need to be considered when developing a strategic plan. B) Select 3 from the legislation list and explain a key aspect or effect of each.
1.A) List 3 risks relevant to strategic planning other than intellectual property rights and responsibilities.
B) Describe a risk management strategy to address strategic planning risks.
C) Briefly explain the risk, business responsibility and a risk management strategy available when dealing with intellectual property rights and responsibilities.
2.Two common methodologies used in strategic planning are PEST and SWOT. Briefly explain the different focus of each analytical method :• political, economic, social and technological (PEST)• strengths, weaknesses, opportunities and threats (SWOT)
3.Information on the organisation’s market, competitors, customer base, vision, values and capabilities may be gathered from internal and external sources. List 3 internal information sources and 3 external information sources.

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