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Unit of competency details

BSBSTR602 - Develop organisational strategies (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBMGT616 - Develop and implement strategic plans 18/Oct/2020

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 19/Oct/2020


Training packages that include this unit

CodeSort Table listing Training packages that include this unit by the Code columnTitleSort Table listing Training packages that include this unit by the Title columnRelease
SFI - Seafood IndustrySeafood Industry 2.0-2.1 
FNS - Financial Services Training PackageFinancial Services Training Package 8.0-8.2 
AHC - Agriculture, Horticulture and Conservation and Land Management Training PackageAgriculture, Horticulture and Conservation and Land Management Training Package 9.0 
CUA - Creative Arts and Culture Training PackageCreative Arts and Culture Training Package 5.0-6.0 
CPP - Property Services Training PackageProperty Services Training Package 11.0-16.1 
RII - Resources and Infrastructure Industry Training PackageResources and Infrastructure Industry Training Package 7.0-9.0 
BSB - Business Services Training PackageBusiness Services Training Package 7.0-8.0 
HLT - HealthHealth 9.0-9.2 

Qualifications that include this unit

CodeSort Table listing Qualifications that include this unit by the Code columnTitleSort Table listing Qualifications that include this unit by the Title columnUsage RecommendationRelease
BSB60420 - Advanced Diploma of Leadership and ManagementAdvanced Diploma of Leadership and ManagementCurrent
FNS60822 - Advanced Diploma of Integrated Risk ManagementAdvanced Diploma of Integrated Risk ManagementCurrent1-2 
CUA60220 - Advanced Diploma of Live Production and Management ServicesAdvanced Diploma of Live Production and Management ServicesCurrent1-3 
CUA60420 - Advanced Diploma of Creative Product DevelopmentAdvanced Diploma of Creative Product DevelopmentCurrent1-2 
FNS60622 - Advanced Diploma of Banking Services ManagementAdvanced Diploma of Banking Services ManagementCurrent
AHC60520 - Advanced Diploma of ArboricultureAdvanced Diploma of ArboricultureCurrent
CPP50316 - Diploma of Strata Community ManagementDiploma of Strata Community ManagementDeleted
SFI50119 - Diploma of AquacultureDiploma of AquacultureCurrent
CUA60620 - Advanced Diploma of Screen and MediaAdvanced Diploma of Screen and MediaCurrent1-3 
RII60120 - Advanced Diploma of Metalliferous MiningAdvanced Diploma of Metalliferous MiningCurrent1-2 
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Accredited courses that have this unit in the completion mapping

CodeSort Table listing Accredited courses that have this unit in the completion mapping by the Code columnTitleSort Table listing Accredited courses that have this unit in the completion mapping by the Title columnStatus
10711NAT - Advanced Diploma of Governance, Risk and ComplianceAdvanced Diploma of Governance, Risk and Compliance Non-Current
10737NAT - Graduate Diploma of Advanced Pharmacy PracticeGraduate Diploma of Advanced Pharmacy Practice Non-Current
11243NAT - Graduate Diploma of Advanced Pharmacy PracticeGraduate Diploma of Advanced Pharmacy Practice Current
22595VIC - Advanced Diploma of JusticeAdvanced Diploma of Justice Current
10808NAT - Certificate IV in Work Skills for Career Enhancement and ManagementCertificate IV in Work Skills for Career Enhancement and Management Current
10889NAT - Diploma of Business AdvisoryDiploma of Business Advisory Current
11155NAT - Advanced Diploma of Performance (Acting)Advanced Diploma of Performance (Acting) Current
11143NAT - Advanced Diploma of Governance, Risk and ComplianceAdvanced Diploma of Governance, Risk and Compliance Current

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  19/Oct/2020 
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Unit of competency

Modification History

Release  

Comments  

Release 1

This version first released with BSB Business Services Training Package Version 7.0.

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 implementing the strategic plan and developing specific actions and initiatives that will be undertaken by people working in various roles.

The unit 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

Critical Thinking and Problem Solving – Business Strategy

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 vision and mission of the organisation

1.1 Identify organisation’s strategic direction, vision and mission

1.2 Consult with relevant stakeholders on required changes to vision and mission

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

1.4 Seek support for strategic planning process from all relevant stakeholders

2. Analyse internal and external environment

2.1 Analyse and undertake research to understand external environment

2.2 Undertake political, economic, social, and technological (PEST) analysis

2.3 Undertake capability assessment of competitor organisations

2.4 Analyse organisation’s strengths, weaknesses, opportunities and threats (SWOT)

2.5 Establish cooperative ventures, that are supported by risk and cost benefit analyses, according to organisational vision, mission and values and provide for due diligence, where required

2.6 Seek and respond to feedback from relevant stakeholders on analysis internal and external environments

3. Develop strategic organisational plan

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

3.2 Develop objectives and strategies relevant for the future

3.3 Detail each strategy with a priority, a timeframe, responsible stakeholders and measurable performance indicators

3.4 Identify risks and develop a risk management plan

3.5 Circulate strategic plan and risk management plan for feedback and endorsement

4. Implement strategic organisational plan

4.1 Communicate strategic plan to all relevant stakeholders

4.2 Develop actions and initiatives for team members to undertake

4.3 Assign team members’ roles in relation to strategic objectives

4.4 Use performance indicators to monitor progress in implementing plan and make refinements to plan

4.5 Evaluate achievement of objectives at agreed milestones with relevant stakeholders

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

Foundation Skills

This section describes those language, literacy, numeracy and employment skills that are essential to performance but not explicit in the performance criteria.

SKILL 

DESCRIPTION 

Reading

  • 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

  • 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

  • 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

  • Interprets and analyses data and information to identify trends and to estimate resource implications of proposed strategies

Self-management

  • Works autonomously making high level decisions to achieve and improve organisational goals
  • Seeks feedback or expert advice, where required

Initiative and enterprise

  • Takes a lead role in the development of strategies to achieve organisational goals
  • Selects and uses appropriate conventions and protocols when communicating with internal and external stakeholders to seek or share information

Planning and organising

  • Develops flexible plans for complex, high impact activities with strategic implications, taking into account capabilities, efficiencies and effectiveness

Teamwork

  • Collaborates with others to achieve joint outcomes, playing an active role in facilitating effective group interaction, influencing direction and taking a leadership role

Problem solving

  • Applies problem solving processes to identify risks, evaluate options and determine solutions
  • Evaluates outcomes to identify opportunities for improvement
  • Systematically gathers and analyses all relevant information and evaluates options to inform decisions about organisational strategies

Unit Mapping Information

Supersedes and is equivalent to BSBMGT616 Develop and implement strategic plans.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.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 7.0.

Performance Evidence

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

  • consult and communicate with relevant stakeholders, and develop and implement one strategic plan for an organisation on at least one occasion, including:
  • revising mission, vision and values
  • analysing and validating findings of research and analysis
  • obtaining input to and endorsement of strategic plans
  • brief relevant parties about strategic plan.

In the course of the above, the candidate must:

  • analyse organisation’s internal and external environment to formulate strategic plans, including:
  • background and research relevant to strategic plan
  • legislation, regulations and codes of practice, including for intellectual property
  • objectives, strategies and priorities
  • roles and responsibilities
  • performance indicators
  • timeframes
  • cost-benefit and risk analysis
  • seek advice from appropriate experts
  • monitor and evaluate the implementation of strategic plan and make refinements
  • review effectiveness of planning processes and identify opportunities for improvement.

Knowledge Evidence

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

  • legislation, regulations and codes of practice relevant to organisation’s strategic plan
  • organisation’s strategic direction, vision and mission
  • methods for conducting capability assessment
  • organisation’s strengths, weaknesses, opportunities and threats
  • strengths and weaknesses of existing and potential competitors
  • key features of cooperative ventures
  • methods for conducting cost benefit analysis
  • key features of due diligence processes
  • risks and risk management strategies relevant to strategic planning, including:
  • intellectual property rights and responsibilities
  • other risks
  • strategic planning methodologies, including:
  • political, economic, social and technological (PEST) analysis
  • strengths, weaknesses, opportunities and threats analysis (SWOT)
  • internal and external sources of information relevant to the organisation’s market, competitors, customer base, vision, values and capabilities
  • techniques for developing organisational values.

Assessment Conditions

Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.

This includes access to:

  • relevant legislation, regulations, standards and codes
  • workplace documentation and resources relevant to performance evidence.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10