Unit Number and Title Start Date Assignment Due Date Assessor Name Assignment No Assignment Title 7. Business Strategy 30/07/2013 27/08/2013 Ms. Uzma Farooq 2 Understand Approaches to Strategy Evaluation and Selection & Understand How to Implement a Chosen Strategy. In this assignment the student will select a strategy for a given organisation, consider why they might use different strategies in different situations and why certain strategies might not be appropriate in certain situations and learn how to implement a strategy successfully.
Assignment Task / Description: Task 1 QUESTION 1 (LO3, Assessment Criteria 3.1) Before a strategy is selected, the strategy should be evaluated. List and briefly describe the criteria that you would consider when evaluating strategies. QUESTION 2 (LO3, Assessment Criteria 3.1) Distinguish between the following different types of strategies and also explain under what conditions they would be most suitable, feasible and acceptable. a) Substantive growth b) Limited growth c) Retrenchment Task 2 QUESTION 3 (LO3, Assessment Criteria 3.2) Draw up a business strategy for any organisation of your choice and also justify your strategic choice.
Instructions: Your planning document should include these sections: • Executive Summary • Internal Analysis • External Analysis • Strategic Objectives & KPIs • Strategies, Measures, Targets, & Initiatives Task 3 QUESTION 4 (LO4, Assessment Criteria 4.1) Compare and contrast the roles and responsibilities for strategy implementation with regards to: 1) Type of strategy 2) Type of organisation 3) Size of organization Task 4 QUESTION 5 (LO4, Assessment Criteria 4.2 and 4.3) Read the Strategic Plan for AnyBiz Inc. and then evaluate the resource requirements to implement the relevant strategy and discuss the targets and the timescales for achievement in AnyBiz Inc. to monitor the strategy with reference to: i. ii. iii. iv. v.