Unit 7 - Business Strategy
Unit 7 - Business Strategy
Unit 7 - Business Strategy
Learner declaration
I certify that the work submitted for this assignment is my own and research sources are fully
acknowledged.
Assessor
Scenario
You are given the job as Islamabad regional manager to formulate a business strategy to set up
restaurants for a fast food chain. This fast food chain has plans to introduce its brand and set up 10 to
20 restaurants in area of Rawalpindi and Islamabad. This fast food chain not only looking to offer
competition to existing food chains but also want to create a strong impact for a long time loyal
customer base. Your job is to research and formulate a business strategy which will help this business
to find better locations and plans to enter in Islamabad market. Your strategy should also provide a
road map for business growth to meet organizational goals.
assess how business missions, visions, objectives, goals and core competencies inform strategic
planning
Analyze the factors that have to be considered when formulating strategic plans.
Evaluate the effectiveness of techniques used when developing strategic business plans.
Analyze the strategic positioning of a given organization by carrying out an organizational audit.
Analyze the appropriateness of alternative strategies relating to market entry, substantive growth,
limited growth or retrenchment for a given organization.
assess the roles and responsibilities of personnel who are charged with strategy implementation
analyze the estimated resource requirements for implementing a new strategy for a given organization
Evaluate the contribution of SMART targets to the achievement of strategy implementation in a given
organization.
.
Evidence Evidence
Summary of evidence required by student
checklist presented
Task 1 assess how business missions, visions, objectives, goals and core
competencies inform strategic planning
Task 2 analyze the factors that have to be considered when formulating strategic
plans
Task 4
Analyze the strategic positioning of a given organization by carrying out an
organizational audit
Task 5 Carry out an environmental audit for a given organization
Task 6
assess the significance of stakeholder analysis when formulating new
strategy
Task 7
present a new strategy for a given organization
Task 10 assess the roles and responsibilities of personnel who are charged with
strategy implementation
Task 12
Evaluate the contribution of SMART targets to the achievement of strategy
implementation in a given organization.
Achievement Summary
Criteria To achieve the criteria the evidence must show that the Achieved?
Reference student is able to: (tick)
LO 1
1.1 assess how business missions, visions, objectives, goals and core
competencies inform strategic planning
1.2 analyze the factors that have to be considered when formulating
strategic plans
1.3 evaluate the effectiveness of techniques used when developing
strategic business plans
LO 2
2.1 Analyze the strategic positioning of a given organization by carrying
out an organizational audit
2.2 Carry out an environmental audit for a given organization
2.3 assess the significance of stakeholder analysis when formulating
new strategy
2.4 present a new strategy for a given organization
LO 3
3.1 analyze the appropriateness of alternative strategies relating to
market entry, substantive growth, limited growth or retrenchment
for a given organization
3.2 justify the selection of a strategy
LO 4
4.1 assess the roles and responsibilities of personnel who are charged
with strategy implementation
4.2 analyze the estimated resource requirements for implementing a
new strategy for a given organization
4.3 Evaluate the contribution of SMART targets to the achievement of
strategy implementation in a given organization.
Merit
Action Plan
Summative feedback
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