Strategic Management and Stakeholder Significance Grid

Business Strategy- ASSIGNMENT #1. Outcome | Evidence for the criteria | Detail criteria | Check | Understand the process of strategic planningLO1 | 1.1. Explain strategic contexts and terminology – missions, visions, objectives, goals, core competenciesChapter 1 | Role of strategy | | | | Missions | | | | Visions | | | | Strategic intent | | | | Objectives goals | | | | Core competencies | | | | Strategic architecture | | | | Strategic control | | | 1.2. Review the issues involved in strategic planningChapter 6 | Impact on managers | | | | Targets | | | | When to plan | | | | Who should be involved | | | | Role of planning | | | 1.3. Explain different planning techniquesChapter 6 | BCG growth-share matrix | | | | Directional policy matrices | | | | Space | | | | PIMS | | Be able to formulate a new strategyLO2 | 2.1. Produce an organisational audit for a given organisationChapter 3 | Benchmarking | | | | Swot analysis | | | | Product positions | | | | Value-chain analysis | | | | Demographic influences | | | | Scenario planning | | | | Synergy culture and values. | | | 2.2. Carry out an environmental audit for a given organisationChapter 2 | PESTEL | | | Political | | | | Economic | | | | Socio-cultural | | | | Technological | | | | Environmental | | | | Legal | | | | Porter's 5 force | | | The threat of new entrants | | | | The power of buyers | | | | The power of suppliers | | | | The threat of substitutes | | | | Competitive rivalry | | | | Collaboration | | | 2.3. Explain the significance of stakeholder analysisChapter 1 | Stakeholder significance grid | | | | Stakeholder mapping | |

Merit and Distinction:
Criteria 1.3: future direction of the competition, needs of customers, gaining and maintaining competitive