Task summary

BSBSTR802

Lead the strategic planning process for an organisation

Assessment Task 1 – Knowledge Questions
Task summary

This is an open book knowledge test, to be completed in your own time.

You need to answer all the written questions correctly.

Required

Access to textbooks/other learning materials.

Access to a computer and Microsoft Office.

Access to the internet.

Timing

Your assessor will advise you of the due date of this assessment via Canvas.

Submit on Canvas

This completed workbook

Assessment criteria

All questions must be answered correctly for you to be assessed as having completed the task satisfactorily.

Re-submission opportunities

You will be provided feedback on your performance by the Assessor via Canvas. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.

If any part of the task is not satisfactorily completed, the assessor will provide you with written feedback to guide you on what you must undertake to demonstrate satisfactory performance. This assessment may be re-attempted twice. Your resubmission must be uploaded within three (3) days of receiving your grade of “not yet satisfactory”. You must clearly display “Resubmission” on your resubmitted work.

You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with unfairly or have other appropriate grounds for an appeal.

You are encouraged to consult with the assessor prior to attempting this task if you do not understand any part of this task or if you have any learning issues or needs that may hinder you when attempting any part of the assessment.

Assessment Cover Sheet

Student name:

Student ID

Trainer’s Name:

Date Submitted:

Student declaration:

I declare that:

I have read and understood all the information provided in relation to the assessment requirements to complete this unit, the instructions and the purpose and processes of undertaking this assessment task

This assessment is my own work and where other’s works or ideas have been used, I have appropriately referenced or acknowledged them

I understand that plagiarism is a serious offence that may lead to disciplinary action.

Student signature:

Assessment Task 1: Knowledge Questions

Question 1

a. What are the contractual requirements of a business entering into a legal binding? (Write your answer in 70-120 words)

b. What are the goods and services tax (GST) implications for the business? (Write your answer in 70-120 words)

Answer:

a.

b.

Question 2

a. What are the taxation requirements that you must adhere to while performing a business’s financial management operations?

b. Explain the following financial management processes (in 150-200 words).

Capital structure management

Working capital management

Answer:

a.

b.

Question 3

How can you identify industry trends and practices of relevance to the organisation’s strategic direction? (Write your answer in 250-300 words)

Answer:
Question 4

a. What is strategic risk management? Write your answer in 50-100 words.

b. Explain the following risk management processes in 100-150 words.

Quantitative risk analysis

Decision tree

Answer:

a.

b.

Question 5

Explain the methods for conducting SWOT analysis (in 300-350 words).

Answer:

a.

b.

Question 6

Explain the methods for conducting PEST analysis (in 250-300 words).

Answer:
Question 7

What are strategic and operational planning processes? (Write your answer in 150-200 words)

Explain the major points of difference between strategic planning processes and operational planning processes (in 250-200 words).

Answer:

a.

b.

Question 8

Discuss the five (5) best practices for global marketing (in 150-200 words).

What are the macro environment factors you should analyse to identify global environment trends and opportunities? (Write your answer in 150-200 words)

What are global environment/investment risk? (Write your answer in 50-100 words)

Answer:

a.

b.

c.

Question 9

How can you determine the current demands of organisation and global markets? (Write your answer in 100-150 words)

How can you use qualitative and quantitative methods for determining the future demands of organisation and global markets? (Write your answer in 150-200 words)

Answer:

a.

b.

Question 10

Explain any four (4) common barriers to achieving organisational goals and strategies to address them (in 150-200 words).

Answer:
Question 11

a. What is a strategic communication plan? What are the common objectives of a strategic communication plan? (Write your answer in 100-150 words)

b. How can you formulate communication processes that inform and support relevant team members? (Write your answer in 250-300 words)

Answer:

a.

b.

Question 12

Explain the following strategic planning methodologies (in 150-200 words).

Balance scorecard

Blue ocean strategy

Discuss the methods/steps for developing a strategic plan (in 300-350 words).

Answer:

a.

b.

Question 13

What is a strategy map? What are the four (4) perspectives in a strategy map? (Write your answer in 70-120 words)

Explain the process to develop a strategy map (in 200-250 words).

Answer:

a.

b.

Question 14

What are knowledge management systems? (Write your answer in 30-50 words)

Explain the key features of knowledge management systems (in 200-250 words).

Answer:

a.

b.

Question 15

a. Explain the purpose and benefits of key performance indicators (KPIs) (in 100-150 words).

b. What are financial and non-financial key performance indicators (KPIs)? (Write your answer in 100-150 words)

Answer:

a.

b.

Question 16

Discuss the purpose and key features of the annual operational plan (in 100-150 words).

Explain the process to prepare an annual operational plan (in 150-200 words).

Answer:

a.

b.

Congratulations on completing this assessment workbook, please remember to submit:

This completed workbook