55754 – Knowledge TestQUESTION NUMBER QUESTIONS Students response(to

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Knowledge TestQUESTION NUMBER QUESTIONSStudents response(to be completed by the assessor)Question 1: Why should you confirm with stakeholders that the organisational vision and mission are up-to-date and are helpful to the strategic plan? (100-120 words.)SNSQuestion 2: Why does an organisation need to make changes or refinements to their mission statement? (100-120 words.) SNSQuestion 3: Identify and explain the six (6) steps in developing organisational values, which would support the vision and mission statement of an organisation. (100-120 words.)SNSQuestion 4: How can a stakeholder play a significant role in providing support for the strategic planning process? (50-70 words.)SNSQuestion 5: Answer the following questions:a. What is a PEST Analysis? Write your answer in 50-100 wordsb. How can a PEST analysis assist businesses to monitor their internal and external environment to determine impacts on organisational objectives? Write your answer in 70-100 words.c. What are the benefits of an organisation analysing PEST in a global context? (50-100 words) SNSQuestion 6: Answer the following questions:a. What is a SWOT analysis? Write your answer in 70-100 words.b. What are steps to conduct SWOT analysis for an organisation? Explain all the steps in 70-100 words. SNSQuestion7:How can you determine information requirements and undertakeresearch to be able to deliver the relevant information? ( 70-100 words.) SNSQuestion8:Identify five (5) appropriate experts from whom you may seek advice regarding your strategic plan and explain their role. Write your answer in 100-120 words. SNSQuestion9:How can you identify and evaluate the strengths and weaknesses of present and potential competitors? (50-70 words)SNSQuestion10:Why should you ensure that your analysis of the internal and external environments is consistent with the perspectives of other informed people? (100-120 words.) SNSQuestion11:What are the major components of a strategic plan, in which you will need to include documented and relevant research? Write your answer in 100-120 words. SNSQuestion12:Describe any six (6) steps to formulate strategic objectives and strategies needed which are beneficial for the future of an organisation. (70-100 words.) SNSQuestion13:What is the importance of circulating the strategic plan for comment, support and endorsement to all relevant stakeholders? (70-100 words.) SNSQuestion14:Discuss options and considerations for communication and how you can communicate a strategic plan. (100-120 words.) SNSQuestion15:Answer the following questions:a. Why is it necessary to consult with and brief people in a range of roles in relation to strategies? Write your answer in 100-120 wordsb. How can you structure this process to ensure the briefing process works? Write your answer in 100-120 words SNSQuestion16:What is the importance of having performance indicators to monitor progress in implementing a plan? (100-120 words. ) SNSQuestion17:Identify and describe any ten (10) methods used to make necessary refinements to a strategic plan. (100-120 words. ) SNSQuestion18:Identify and describe a way you can evaluate achievement of objectives at agreed milestones. (100-120 words.) SNSQuestion19:Strategic planning is a dynamic process of continuously looking at your current situation and plotting your next move. This requires a solid understanding of the organisation as well as an understanding about the environment that the organisation operates in.Supporting this statement answer why we should review the effectiveness of a plan and consider methods for improving strategic planning processes. (100-120 words.) SNSQuestion 20:Mention any five (5) legislations, regulations or codes of practice applicable to strategic planning and explain how you apply them? (100120 words.) SNSQuestion 21:Identify and explain five (5) tools and approaches you may find useful for strategic planning and developing and/or implementing the strategic plan. (50-100 words for each) SNSQuestion 22:Answer the following questions:a. Define organisational values. ( 50-70 words)b. List the techniques used to develop organisational values. (50-70 words.) SNSQuestion 23:Answer the following questions:a. Identify and explain four (4) types of risk that an organisation can encounter. ( 100-120 words) SNSb. Explain what intellectual property rights and responsibilities are and the risks associated with them. (100-120 words.)c. How can you integrate risk management into strategic planning? ( 100-120 words)Question 24:Answer the following questions:a. Define and identify four (4) internal sources of information. ( 50-100 words)b. Define and identify four (4) external sources of information. ( 50-100 words)c. How are they relevant to an organisations market, competitors, customer base, vision, values and capabilities? ( 50-100 words) SNSQuestion 25:Answer the following questions:a. What is a cooperative venture? ( 30-50 wordsb. What are the advantages of a cooperative venture? (50-70 words)c. What are the risks associated with a cooperative venture? ( 50-70 words)d. How can a cost benefit analysis and due diligence ensure consistency with an organisations vision, mission and values( 100-120 words) SNSQuestion 26:Answer the following questions:a. Why should each strategy be assigned with a priority, a timeframe, responsible parties and measurable performance indicators? ( 100-120 words)b. Why is it important to develop action plans for strategies and how do you develop one? ( 100-120 words) SNS

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