BSBSTR602-Zolbayar-And-Ochir

.docx

School

Academies Australasia College *

*We aren’t endorsed by this school

Course

522

Subject

Management

Date

May 16, 2024

Type

docx

Pages

30

Uploaded by AdmiralScorpionPerson1137 on coursehero.com

STUDENT ASSESSMENT TASKS
Contents Introduction 4 Assessment Task 1: Knowledge questions 5 Assessment Task 1: Checklist 8 Assessment Task 2: Project 9 Assessment Task 2: Checklist 14 Final results record 17 BSBSTR602 PROJECT PORTFOLIO STUDENT v1 2021 2 DEVELOP ORGANISATIONAL STRATEGIES BSBSTR602
Introduction The assessment tasks for BSBSTR602 Develop organisational strategies are outlined in the assessment plan below. These tasks have been designed to help you demonstrate the skills and knowledge that you have learnt during your course. GBC has contextualised all learning and Assessment materials for this Unit to suits its learners’ needs. GBC academic team have ensured the assessments and learning materials for this Unit suits the language and difficulty level for its student cohorts, enrolled in this Course. For Reasonable adjustment of each Tasks, please consult with your Trainer/Assessor Please ensure that you read the instructions provided with these tasks carefully. You should also follow the advice provided in the Business Works Student User Guide . The Student User Guide provides important information for you relating to completing assessment successfully. Assessment for this unit BSBSTR602 Develop organisational strategies describes the skills and knowledge required to implement systems and process that support the personal and professional development of self and others. For you to be assessed as competent, you must successfully complete two assessment tasks: Assessment Task 1: Knowledge questions – You must answer all questions correctly. Assessment Task 2: Project – You must work through a range of activities and complete a project portfolio. BSBSTR602 PROJECT PORTFOLIO STUDENT v1 2021 3
Assessment Task 1: Knowledge questions Information for students Knowledge questions are designed to help you demonstrate the knowledge which you have acquired during the learning phase of this unit. Ensure that you: review the advice to students regarding answering knowledge questions in the Business Works Student User Guide comply with the due date for assessment which your assessor will provide adhere with your RTO’s submission guidelines answer all questions completely and correctly submit work which is original and, where necessary, properly referenced submit a completed cover sheet with your work avoid sharing your answers with other students. Assessment information Information about how you should complete this assessment can be found in Appendix A of the Business Works Student User Guide . Refer to the appendix for information on: where this task should be completed the maximum time allowed for completing this assessment task whether or not this task is open-book. Note : You must complete and submit an assessment cover sheet with your work. A template is provided in Appendix C of the Student User Guide. However, if your RTO has provided you with an assessment cover sheet, please ensure that you use that. BSBSTR602 PROJECT PORTFOLIO STUDENT v1 2021 4 i
Questions Provide answers to all of the questions below: 1. Give three examples of risks that should be taken into account in developing and implementing strategic plans. Three examples of risks to consider in strategic planning are market competition, technological advancements, and economic downturns. 2. Give two examples of risk management strategies that can be used when developing and implementing strategic plans. Two risk management strategies are risk avoidance (eliminating the risk altogether) and risk mitigation (reducing the impact or likelihood of the risk). 3. Give an example of a risk management strategy that can be used to manage intellectual property risks inherent in strategic planning. An example of a risk management strategy for intellectual property risks could be to establish legal protections such as trademarks or patents. 4. Outline the benefit of conducting a SWOT analysis as part of a strategic planning process and how a SWOT analysis is conducted. Conducting a SWOT analysis helps identify an organization's internal strengths and weaknesses, as well as external opportunities and threats. It is conducted by analyzing internal factors (strengths and weaknesses) and external factors (opportunities and threats). 5. Outline four examples of questions that could be used when conducting a SWOT analysis. Examples of questions for a SWOT analysis include: What are our key strengths? What are our main weaknesses? What opportunities are available to us? What threats do we face? 6. Outline the benefit of conducting a PEST analysis as part of a strategic planning process and how a PEST analysis is conducted. Conducting a PEST analysis helps identify external factors impacting an organization, including political, economic, social, and technological factors. It is conducted by analyzing each of these factors and their impact on the organization. 7. Outline four examples of questions that could be used when conducting a PEST analysis. Questions for a PEST analysis could include: How do political factors affect our industry? What economic trends should we be aware of? How do social changes impact our target market? What technological advancements could affect our business? BSBSTR602 PROJECT PORTFOLIO STUDENT v1 2021 5
8. List two internal sources of information that a business could use to find out about its market, competitors, customer base, vision, values and capabilities. Internal sources of information could include employee surveys and internal reports on sales and performance. 9. List two external sources of information that a business could use to find out about its market, competitors, customer base, vision, values and capabilities. External sources of information could include industry reports, market research studies, and competitor analysis. 10. Explain the purpose of developing organisational values and two techniques that could be used to identify values as part of the strategic planning process. Developing organizational values helps align the company's culture and goals. Techniques for identifying values could include conducting surveys with employees and stakeholders, and holding workshops to identify core beliefs. 11. List two methods for conducting a capability assessment. Methods for conducting a capability assessment could include a skills inventory of employees and a review of current processes and resources. 12. Complete the table to list general strengths and weaknesses to consider when analysing existing and potential competitors. Strengths 1. Strong brand reputation 2. Innovative products or services 3. Large market share Weaknesses 1. 1. Limited marketing budget 2. Lack of brand recognition 3. Inadequate distribution channels 13. Summarise key features of cooperative ventures, including: o a description of what a cooperative venture entails: A cooperative venture involves two or more entities coming together to work towards a common goal or project, sharing resources, risks, and rewards. o risks and benefits: Risks of cooperative ventures include potential conflicts between partners, shared liability, and lack of control. Benefits may include access to new markets, shared expertise, and reduced costs. BSBSTR602 PROJECT PORTFOLIO STUDENT v1 2021 6
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help