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Homework answers / question archive / Assessment 2 BMG303/03 Strategic Management Instructions: Question Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion

Assessment 2 BMG303/03 Strategic Management Instructions: Question Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion

Management

Assessment 2

BMG303/03 Strategic Management

Instructions:

Question

  1. Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion. Discuss how often should an organisation’s vision/mission be changed in light of strategy evaluation activities.
  • How often need to change (Eg : 1 year, 2 year, 5 year…etc)
  • What is your strategic evaluation. Give example of certain companies.

Examples

  • Think of strategic evaluation that means company feel that right now, my vision and mission should have to change because time have change, so have to evaluate the strategic we are lost for XX years so I cannot have the same strategic because this time strategic is failing
  • So what I should do? Close down, sell other things or sell to other people (Eg : certain branch is losing money like IKEA, what shall I do and they come back with different strategic open the distribution center
  • Another example of airline – Air Asia makes everyone fly – largest airline with low cost to serve 3mil people (50 marks)

CLO 2 : Formulate the organisational vision, mission, goals and objectives of the organisation

  1. Strategic management is all about identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage for their organisation. Among all the existing process in an organisation, strategic implementation often considered as the most difficult stage in the strategic management process.

Discuss the statement above as to your opinion.

  • Opening – strategic management is what type of strategics,
  • Give the whole roll of strategic management – strategic implementation. Give 10 points
  • Why strategic is it the most difficult stage
  • Why is the strategic implementation so difficult
  • What are the restriction for the strategic implementation
  • Final – about strategic identification

                                                                                                         (50 marks)

CLO 3 : Perform internal and external analysis in an organisation

 

 

 

 

 

 

--- End of Assessment 2 Questions ---

 

 

 

 

 

 

 

 

 

 

 

Marking Rubrics Q1

 

EVALUATION CRITERIA

Less than 30%

30% - 40%

More than 40%

 

 

Vision/Mission/

Goal/

Objectives are defined

 

Does not provide direction or guidance (much too broad or

narrow)

 

Lacks clarity but able to cover to the need

 

Clear explanation with good  understood and coverage of the question need

 

 

 

Supporting Evidence

 

  • Lacks evidence to support assertions; ideas are unsupported

 

 

  • Some support/evidence is offered, but lacks interpretation/integration

 

 

  • Provides evidence to support
  • Refers to, interprets, and integrates material from a variety of sources
  • Effectively integrates/uses information

 

 

Comprehensive Discussion

 

  • Numerous examples of not following instructions/assignment
  • Lack of attention to detail throughout
  • Does not perform each required component of the assignment

 

  • Followed assignment, but lacks either comprehensiveness or attention to detail

 

  • Comprehensive, thoughtful, thorough discussion with the content responsive to the assignment
  • Performs each required component of the assignment with detail

 

 

 

Strategy Initiatives Explanation

 

  • Fails to analyze strategy
  • Lack of thorough detail in coverage
  • Inaccurate assessment

 

 

  • Current strategy is analyzed or assessed in adequate detail and able to detailed the need of the analysis type required

 

 

  • Comprehensive, thoughtful, and detailed analysis of current strategy
  • Goes beyond describing the type of strategy needs and able to relate to relate to future applications of the strategy discussed

 

 

 

 

 

 

 

Marking Rubrics Q2

 

EVALUATION CRITERIA

Less than 30%

30% - 40%

More than 40%

Introduction

Fail to discuss the introduction as to the topic

On average discussed the intro

Able to discuss the strategic as the introduction as to the organisation application

 

 

 

Supporting Evidence

 

  • Lacks evidence to support assertions; ideas are unsupported

 

 

  • Some support/evidence is offered, but lacks interpretation/integration

 

 

  • Provides evidence to support
  • Refers to, interprets, and integrates material from a variety of sources
  • Effectively integrates/uses information

 

 

Comprehensive Discussion

 

  • Numerous examples of not following instructions/assignment
  • Lack of attention to detail throughout
  • Does not perform each required component of the assignment

 

  • Followed assignment, but lacks either comprehensiveness or attention to detail

 

  • Comprehensive, thoughtful, thorough discussion with the content responsive to the assignment
  • Performs each required component of the assignment with detail

 

 

Strategic implementation discussion

 

Did not include any factors and did not understand how they affect the business environment.

Included the factors but only emphasized how 2-3 of the elements affect the business environment .

Included and discussed all the relevant  factors and emphasised how each element affects conducting business

 

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