8624-700 Develop a Strategic Business Plan 

8624-700 Develop a Strategic Business Plan teaches people how to make a strategic business plan. It helps them learn the important ideas behind making such plans. After finishing the course, learners will know how to get ready to put a business strategy into action and make plans to achieve it.

Learning Outcome

By the end of the course, learners will:

1. Understand the principles behind creating a strategic business plan.
2. Be capable of getting ready for implementing business strategies.
3. Be capable of creating plans to execute the business strategy.

Task 1

AC 1.1 Evaluate a range of strategic planning theories and models

AC 1.2 Analyse the principles of resource management

AC 1.3 Evaluate the principles of capital investment appraisal

AC 1.4 Evaluate the role of stakeholders in the development of strategic business plans

AC 1.5 Explain how to involve stakeholders in the development of strategic business plans

Task 2

AC 2.1 Prioritise strategic objectives in a way that is consistent with an organisation’s vision and values

AC 2.2 Identify programmes of activity that are capable of achieving strategic objectives

AC 2.3 Develop risk management plans that address identified and likely potential risks

AC 2.4 Identify current and likely future resource requirements

AC 2.5 Assess the costs and benefits of different approaches to strategy implementation

AC 2.6 Develop policies that are consistent with the strategy and vision and which are capable of meeting the objectives

AC 2.7 Set meaningful and realistic Key Performance Indicators (KPIs) and evaluation criteria

Task 3

AC 3.1 Take action to ensure the strategic plan is comprehensive in its coverage of products and/or services, quality, human resources, finance and marketing

AC 3.2 Take action to ensure that organisational structures and processes are capable of delivering the plan

AC 3.3 Develop plans to manage the supply chain, interdependencies and the potential for friction

AC 3.4 Address any legal or ethical requirements

AC 3.5 Articulate the business plan and gain the support of stakeholders

Must Read:

• ILM Level 7 NVQ Diploma in Strategic Management and Leadership