Modification History
The version details of this endorsed unit are in the table below. The latest information is at the top.
Release |
Comments |
First Release |
New unit |
Unit Descriptor
This unit describes the performance outcomes, skills and knowledge required to lead the development of high-level strategic plans for a retail organisation. This entails the analysis of the environment, identification of risks and opportunities, and specification of strategic directions that serve the vision and mission of the organisation. Establishing financial and non-financial performance indicators and monitoring them are critical to success.
Application of the Unit
This unit of competency supports the needs of senior managers and business owners with significant responsibility for setting the strategic direction of a service organisation.
Licensing/Regulatory Information
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Pre-Requisites
Nil
Employability Skills Information
This unit contains employability skills.
Elements and Performance Criteria Pre-Content
Elements and Performance Criteria
Element |
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. Initiate the strategic planning process. |
1.1.Consult extensively with business owners and senior staff to determine the parameters that will be used for the planning process. 1.2.Analyse previous strategic and business plans to identify strengths and weaknesses and inform current processes. 1.3.Develop or select a planning methodology to drive the process. 1.4.Identify and brief stakeholders who will contribute to the plan’s development. 1.5.Negotiate and allocate human and other resources required to support the planning process. 1.6.Negotiate and determine a timeframe for the completion of the strategic plan. |
2. Conduct an environmental and organisational scan. |
2.1.Research best practices and trends within the retail industry. 2.2.Collect and analyse demographic and trend data to provide profiling information about the organisation’s customer base. 2.3.Collect and analyse industry intelligence into the strengths and weaknesses of competitors. 2.4.Analyse the strengths, weaknesses, opportunities and threats (SWOT) of the organisation and its environment. 2.5.Identify risks that could constrain the achievement of organisational goals in the short, medium and long term. 2.6.Consult with stakeholders to identify issues and expectations affecting the organisation’s operations. |
3. Establish organisational directions. |
3.1.Implement processes to engage staff and relevant stakeholders in the planning process, ensuring ownership of an agreement to the plan’s outcomes. 3.2.Seek staff and stakeholder input into establishing the organisation’s vision, mission, values and major goals. 3.3.Provide leadership to establish the organisation’s key result areas and performance measures. |
4. Develop the strategic plan. |
4.1.Manage the development of the detailed activities that will be required to achieve organisational goals. 4.2.Manage the development of specific performance indicators to enable the measurement of success. 4.3.Identify, cost and budget the resource levels required to implement the plan. 4.4.Consult with experts and staff to review the organisation’s brand management strategy and positioning within the market place. 4.5.Undertake consultation, communication and negotiation to gain commitment to the process and the plan. 4.6.Obtain sign-off and commitment to the finalised strategic plan from relevant stakeholders and participants. |
5. Manage the implementation process. |
5.1.Manage the development of the tactical or operational annual plans required to implement the longer-term strategic plan. 5.2.Plan and prioritise the allocation of human, financial and capital resources to enable implementation. 5.3.Put strategies in place to skill the workforce to ensure effective implementation. 5.4.Communicate with staff and stakeholders during the implementation process to ensure commitment and gain feedback. 5.5.Monitor performance of the implementation process against agreed benchmarks and performance indicators. 5.6.Monitor outcomes of the strategic and operational plans in line with agreed organisational processes. |
Required Skills and Knowledge
This section describes the skills and knowledge required for this unit. |
Required skills |
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Required knowledge |
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Evidence Guide
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. |
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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
Evidence of the following is essential:
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Context of and specific resources for assessment |
Assessment must ensure access to:
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Method of assessment |
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
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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, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the individual, accessibility of the item, and local industry and regional contexts) may also be included. |
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Parameters may include: |
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Best practices and trends may include: |
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Industry intelligence may include: |
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Risks may include: |
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Resource levels may include: |
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Operational plans that provide tactical implementation of the strategic plan and directions may include: |
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Unit Sector(s)
Cross-Sector
Competency Field
Retail Management