Unit of competency details

BSBMGT616 - Develop and implement strategic plans (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBMGT616A - Develop and implement strategic plansUpdated to meet Standards for Training Packages 24/Mar/2015


Training packages that include this unit

CodeTitleSort Table listing Training packages that include this unit by the Title columnRelease
TLI - Transport and Logistics Training PackageTransport and Logistics Training Package 1.0-5.0 
RII - Resources and Infrastructure Industry Training PackageResources and Infrastructure Industry Training Package 2.0 
HLT - HealthHealth 2.0-4.1 
FWP - Forest and Wood Products Training PackageForest and Wood Products Training Package 1.0-3.0 
FNS - Financial Services Training PackageFinancial Services Training Package 1.0-3.1 
CUA - Creative Arts and Culture Training PackageCreative Arts and Culture Training Package 2.0-3.0 
CPP - Property Services Training PackageProperty Services Training Package 4.0-6.0 
CHC - Community ServicesCommunity Services 2.0-3.0 
BSB - Business Services Training PackageBusiness Services Training Package 1.0-3.0 
AHC - Agriculture, Horticulture and Conservation and Land Management Training PackageAgriculture, Horticulture and Conservation and Land Management Training Package 1.0-2.0 

Qualifications that include this unit

CodeTitleSort Table listing Qualifications that include this unit by the Title columnRelease
TLI60215 - Advanced Diploma of Deployment LogisticsAdvanced Diploma of Deployment Logistics 1-2 
TLI60115 - Advanced Diploma of Materiel LogisticsAdvanced Diploma of Materiel Logistics 1-2 
RII60715 - Advanced Diploma of Surface Coal Mining ManagementAdvanced Diploma of Surface Coal Mining Management 
RII60315 - Advanced Diploma of Underground Coal Mining ManagementAdvanced Diploma of Underground Coal Mining Management 
RII60115 - Advanced Diploma of Metalliferous MiningAdvanced Diploma of Metalliferous Mining 
HLT60113 - Advanced Diploma of Aboriginal and/or Torres Strait Islander Health CareAdvanced Diploma of Aboriginal and/or Torres Strait Islander Health Care 4-5 
FWP60116 - Advanced Diploma of Forest Industry SustainabilityAdvanced Diploma of Forest Industry Sustainability 
FNS60815 - Advanced Diploma of Integrated Risk ManagementAdvanced Diploma of Integrated Risk Management 1-3 
FNS60615 - Advanced Diploma of Banking Services ManagementAdvanced Diploma of Banking Services Management 1-4 
FNS60115 - Advanced Diploma of Insurance BrokingAdvanced Diploma of Insurance Broking 1-3 
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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  30/Jul/2015 
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Unit Of competency

Modification History

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Application

This unit describes the skills and knowledge required to establish the strategic direction of the organisation, sustain competitive advantage and enhance competitiveness. It covers analysis and interpretation of relevant markets, capability assessment of the organisation and analysis of the organisation’s existing and potential competitors and allies. It also covers implementation of the strategic plan and developing specific actions and initiatives that will be undertaken by people working in various roles.

It applies to individuals working in senior roles in the organisation who have responsibility for ensuring that the organisation is positioned to ensure its long-term viability and success.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Unit Sector

Management and Leadership – Management

Elements and Performance Criteria

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Confirm organisational vision and mission

1.1 Check with stakeholders that organisational vision and mission are still held to be current and are supported

1.2 Make any changes or refinements to vision or mission statement as required

1.3 Review or develop organisational values to support the vision and mission statement

1.4 Gain support for strategic planning process from all relevant stakeholders

2. Analyse the internal and external environment

2.1 Determine information requirements and undertake or commission research to deliver relevant information

2.2 Analyse political, economic, social, and technological developments in a global context

2.3 Seek advice from appropriate experts wherever necessary

2.4 Identify and consider strengths and weaknesses of existing and potential competitors and allies

2.5 Analyse organisation’s strengths, weaknesses, opportunities and threats

2.6 Consider cooperative ventures that are supported by risk and cost benefit analyses, are consistent with the organisational vision, mission and values and provide for due diligence

2.7 Check that analysis of internal and external environment is consistent with the perspectives of other informed people

3. Write strategic plan

3.1 Document relevant research and background for inclusion in the strategic plan

3.2 Formulate strategic objectives and strategies needed for the future

3.3 Detail each strategy with an assigned priority, a timeframe, responsible parties and measurable performance indicators

3.4 Circulate strategic plan for comment, support and endorsement

4. Implement strategic plan

4.1 Communicate strategic plan to all relevant parties

4.2 Brief people with a specific role in relation to strategies

4.3 Use performance indicators to monitor progress in implementing plan

4.4 Make necessary refinements to plan

4.5 Evaluate achievement of objectives at agreed milestones

4.6 Review effectiveness of plan and consider methods for improving strategic planning processes

Foundation Skills

This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.

Skill 

Performance Criteria 

Description 

Reading

1.1-1.3, 2.1, 2.2, 2.4-2.6, 3.1, 3.3, 4.4-4.6

  • Identifies and analyses complex organisational texts to determine business requirements
  • Reviews, evaluates, interprets and applies content from a range of sources to aid in development of strategies

Writing

1.2, 1.3, 2.1, 2.2, 2.4-2.6, 3.1-3.3, 4.3- 4.6

  • Prepares strategic plans for relevant stakeholders incorporating appropriate vocabulary, grammatical structure and conventions
  • Incorporates amendments to documents according to organisational requirements
  • Collates and compiles data to convey specific information, requirements and recommendations

Oral Communication

1.1, 1.4, 2.3, 4.1, 4.2

  • Presents information and seeks advice using language and register appropriate to audience
  • Participates in discussions using listening and questioning to elicit the views of others and to clarify or confirm understanding

Numeracy

2.6, 3.2, 3.3, 4.5, 4.6

  • Interprets and analyses statistical data and mathematical information to consider trends and resource implications of proposed strategies

Navigate the world of work

1.1-1.3

  • Works autonomously making high level decisions to achieve and improve organisational goals
  • Takes a lead role in the development of strategies to achieve organisational goals

Interact with others

1.1, 1.4, 2.3, 3.4, 4.1, 4.2

  • Selects and uses appropriate conventions and protocols when communicating with internal and external stakeholders to seek or share information
  • Collaborates with others to achieve joint outcomes, playing an active role in facilitating effective group interaction, influencing direction and taking a leadership role
  • Seeks feedback or expert advice where required

Get the work done

1.3, 2.1, 2.2, 2.4-2.7, 3.2, 4.3-4.6

  • Develops flexible plans for complex, high impact activities with strategic implications, taking into account capabilities, efficiencies and effectiveness
  • Systematically gathers and analyses all relevant information and evaluates options to inform decisions about organisational strategies
  • Evaluates outcomes to identify opportunities for improvement
  • Applies problem solving processes to identify risks, evaluate options and determine solutions

Unit Mapping Information

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBMGT616 Develop and implement strategic plans

BSBMGT616A Develop and implement strategic plans

Updated to meet Standards for Training Packages

Equivalent unit

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

 

Assessment requirements

Modification History

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Performance Evidence

Evidence of the ability to:

  • consult and communicate effectively with relevant stakeholders to:
  • confirm or revise the organisation’s mission, vision and values
  • validate findings of research and analysis
  • get input to and endorsement of strategic plans
  • brief relevant parties about the plan
  • analyse organisation’s internal and external environment to formulate strategic plans including:
  • background and research relevant to the plan
  • legislation, regulations and codes of practice, including for intellectual property
  • objectives, strategies and priorities
  • roles and responsibilities
  • performance indicators
  • timeframes
  • consideration of co-operative ventures
  • cost-benefit and risk analysis
  • seek advice from appropriate experts wherever necessary
  • monitor and evaluate the implementation of the plan and make refinements as appropriate
  • review effectiveness of planning processes and identify opportunities for improvement.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • outline the legislation, regulations and codes of practice relevant to the organisation’s strategic plan.
  • give examples of risks and risk management strategies relevant to strategic planning including:
  • intellectual property rights and responsibilities
  • other risks
  • outline strategic planning methodologies including political, economic, social and technological (PEST) analysis and strengths, weaknesses, opportunities and threats analysis (SWOT)
  • identify internal and external sources of information relevant to the organisation's market, competitors, customer base, vision, values and capabilities
  • outline techniques for developing organisational values.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the management and leadership field of work and include access to:

  • relevant legislation, regulations, standards and codes
  • workplace documentation and resources
  • case studies and, where possible, real situations
  • interaction with others.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

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