BSBMGT616 Research and Develop Strategic Plan Assessment Task 3

Assessment Task 3 BSBMGT616- Research and develop strategic plan  

 Activity 1 - Research Native Bush Spices Australia’s (this will be your hand out when you are developing a SWOT and a PESTLE analysis -Activity 3)    

  1. Identify sources of information to research market, competitors and target customers.
  2. Include 3 sources of information (Need to record this information in your SWOT and PESTLE analysis.
  3. Trends and development in the industry
  4. Potential new and emerging markets
  5. Target customers
  6. Competitors
  7. Any other relevant factors (like legislation and regulations, additional resources requirements)

Activity 2 Research and review the following:  

  1. Potential cooperative ventures (as discussed during the meeting in Assessment Task 2)
  2. Risk involved in cooperative ventures
  3. Benefits of taking the cooperative ventures

Activity 3 Develop a SWOT and a PESTLE analysis 

  • Outline the internal and external factors that will impact the strategic plan
  • Save this as SWOT and PESTLE analysis in a sperate file

Activity 4 Send an email to your Assessor

  • Email should be written in an appropriate business-like style, polite and without any grammar mistakes
  • Summarise the content of the attachment
  • Attach your SWOT and PESTLE analysis

Your Assessor will review your analysis and provide feedback as required 

Activity 5 Update your SWOT and PESTLE analysis based on the feedback provided by your Assessor and save this document as Updated analysis 

Activity 6 Develop the strategic plan 

  • After the feedback from your assessor proceed to this activity
  • Use strategic plan template
  • Transfer the information from Assessment task 2 (Organisation Mission, Vision, values and strategic objectives.)
  • 12 months) -5 to 7 actions  o Specific actions to achieve each of the strategic objectives  o Responsibilities and timelines for each action Complete all section of the strategic plan and use clear and simple language Under ‘actions’ remember to include the following details (to be completed for next
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