Pestel and longpestel extend the pest model adding environmental

Level 2, 197 – 2t, Parramatta, NSW 2150 Australia
T: +61 2 8844 1000 | | RTO ID: 45432 | CRICOS Code: 03717E

Student name:	Hifza Abbas Mir


Organisation this assessment is based on:	Native Bush Spices Australia.

BSBSTR602 Develop organisational strategies
Richmond School of Business | CRICOS Code: 03717E | RTO ID: 45432 2

during the learning phase of this unit. Ensure that you:
• review the advice to students regarding answering knowledge questions in the RSB Student User Guide
• comply with the due date for assessment which your assessor will provide
• adhere with your RSB’s submission guidelines
• answer all questions completely and correctly
• submit work, which is original and, where necessary, properly referenced
• submit a completed cover sheet with your work
• avoid sharing your answers with other students.

BSBSTR602 Develop organisational strategies
3 Richmond School of Business | CRICOS Code: 03717E | RTO ID: 45432

3. Give an example of a risk management strategy that can be used to manage intellectual property risks inherent in strategic planning.

9. List two external sources of information that a business could use to find out about its market, competitors, customer base, vision, values and capabilities.

10. Explain the purpose of developing organisational values and two techniques that could be used to identify values as part of the strategic planning process.

Weaknesses 1.

15. Explain the process for conducting a cost benefit analysis. Include:

BSBSTR602 Develop organisational strategies
Richmond School of Business | CRICOS Code: 03717E | RTO ID: 45432 4

This section must be completed satisfactorily by the student and it must be relevant to the organisation their project is based on.

1 Describe the organisation you are basing this project on.

1.4 Identify at least two stakeholders who will contribute to the strategic planning process (at least one internal and one external stakeholder).

Ans. The company is also looking at moving into international markets, namely South-East Asia – specifically Hong Kong, Japan and Singapore.

2	Identify and summarise organisational, legislative and regulatory requirements

for developing a strategic plan.

2.1.2. If yes, what are the strategic plan development requirements outlined in the documentation?

Ans. Executive summary, vision, mission, values, strategic objectives, background information, PEST analysis, SWOT analysis, strategies and actions.

2.4 Summarise any regulations that apply to developing the organisation’s strategic plan. Make sure you include Intellectual Property requirements as you answer.(Same qs)

2.5 Summarise any codes of practice that apply to developing the
organisation’s strategic plan. Make sure you include Intellectual Property requirements as you answer.

Chapter 2 - Food standards include compositional requirements for specific foods e.g. meat, fish and alcoholic beverages.

Chapter 3 - Food safety standards include requirements for food handlers wherever food is sold and applies only in Australia e.g. good food safety practices such as training staff, keeping food at the correct temperature, washing hands and keeping equipment clean.

Microbiological limits and processing requirements

Contaminants and residues

Ans.

Competitive Analysis
Revenue
Small-business revenue depends on several factors, such as pricing power, competition and product quality. A business with a reputation for high-quality products may have pricing power, which means that it may be able to increase selling prices to offset increases in raw material costs and wages. The
competitive environment can affect revenue in two ways: First, a small business may not be able to increase prices if it is in a very competitive market; second, a business may have to change its product mix and product designs to respond to the competition.

	7

However, during economic downturns, input cost pressures may ease as businesses scale back manufacturing operations and lay off staff. Supply contracts may also affect cost. For example, if a restaurant owner can negotiate discount prices for flour and eggs, operating costs would drop and profits would rise.

Assets and Liabilities
Assets include cash and inventory, while liabilities include short-term and long-term debt. Small businesses that have too much debt may lose operational flexibility because of interest expenses, especially in a period of rising rates. Although a significant cash balance acts as a safety cushion during downturns, companies with too much inventory and accounts receivable may risk cash flow shortfalls.

4 Do PEST analysis to analyse the political, economic, social and technological environment in which

your organisation operates.

 	Economic factors such as unemployment, inflation and percapita income that may increase the manufacturing costs.

LEGAL:

	Uses of organic materials and abandon the use of restricted products. Consider the sustainability of materials to know the availability of inputs. Corporate social responsibility Natural disasters such as calamities and earthquakes.

5

Ans. Melbourne Bushfood

BSBSTR602 Develop organisational strategies

General
-
-

-
-
Anti-Fungal/Anti-Bacterial/Anti-Viral Capacity
-

Digestion
-
Anti-oxidant capacities
-
-
-


	We are constantly working to establish ourselves as the most respected and sought-after supplier of native bush spices.	Bringing people to the table to enjoy delicious native Australian ingredients whilst supporting communities.

	Respect: taking time to understand and value each of our customers

BSBSTR602 Develop organisational strategies
Richmond School of Business | CRICOS Code: 03717E | RTO ID: 45432 10

Ans. Currently the business is selling its products through several small supermarkets and health stores throughout Australia. The company also has a web site through which products can be ordered. The aim was to provide food, but still in struggling phase.

6 Use an appropriate tool or method to do a capability assessment of at least one competitor organisation.

increase sales and create brand awareness, develop a broader product range, as

well as expand into overseas markets. The company is also considering options for

Ans. Melbourne Bushfood is working hard to reduce carbon footprints, also recycling of packing is to ensured fully.

7 Understand your organisation’s internal environment. Do SWOT analysis to analyse your organisation’s strengths, weaknesses, opportunities and threats.


market. Most valuable brand, internationally iconic,expert research and development, and preferred brand.

This section must be completed satisfactorily by the student and it must be relevant to the organisation their project is based on.

Use the work you completed in Section 1 of your Project Portfolio as you complete this section.

Ans. Consistently delivering quality products.

Optimising quality to ensure efficiency and reliability of the products.

7.5 Summarise any feedback on your analysis of the internal and external environments.

Ans. The executive team agreed to support the strategic planning process and revisit the objectives after one year. Concern about Native Bush Spices Australia’s lack of social responsibility was raised and as such, the values statement should be revised to include community and environmental care more actively.

Time: 11:00 am

Meeting agenda: Discussed strategic plan, mission and value of organisation and how to provide best product to customers.

Caring: a duty of care for our staff, customers and the environment, and the choice of customer.

Excellence: to always look to provide the best quality product and customer service, and comforting staff.

	Strategy 1	Strategy 2

	Need to promote brand, via choosing appropriate medium.	To make alliance with small business and asking them to promote your brand.

Priority high, medium, low)		medium
Timeframe
		Making alliance with small competitors and try them to merge with us.

BSBSTR602 Develop organisational strategies
Richmond School of Business | CRICOS Code: 03717E | RTO ID: 45432 14

Make sure your plan includes:

10.1 Executive summary

10.3 Mission

Native Bush Spices Australia is committed to providing the highest quality product to all its clients.

Excellence: to always look to provide the best quality product and customer service.

Integrity: to act with honesty, openness and do what we say we will do.

	Stability of the government Corruption and political rift between different countries Analyze the trend in political policies

BSBSTR602 Develop organisational strategies



TECHNOLOGICAL

	Avoid legal controversies. Legal policies such as Employment laws, Consumer Protection Laws and Anti-trust Laws.



Strengths
	Brand name not developed as yet. Expensive Products, lack of compatibility with other programs, limited Promotions & advertising and entering a Zone of Incompetence.

	Several companies around with cheap prices and better qualities.

BSBSTR602 Develop organisational strategies
Richmond School of Business | CRICOS Code: 03717E | RTO ID: 45432 16

10.6

10.7 Strategies and actions (including stakeholders, priority, timeframes, actions and responsibilities).

11

Meeting
Venue: Richmond School of Business
Date: 1 Aug 2022
Time: 10: am
Stakeholders: Accessor, colleagues.

Meeting purpose: Discussion on how to create brand awareness where 80% of potential and actual customers recognise the brand.

Note: Attach proof of how you’ve established the venture to this section of your portfolio (e.g. draft email to CEO of the other party involved with the cooperative venture confirming the details of the venture).

Venture:

	Supply chain distribution
Cost benefit analysis

			50,000
			20,000
		Marketing incentive payment to Melbourne Bush Foods	10,000

BSBSTR602 Develop organisational strategies

			12,500

How the
venture
considers
your
organisatio n’s vision, mission
and values.

This venture supports the vision, mission and value statements by:

Note: If your organisation uses a specific template for risk management planning, use that template and attach the completed risk management plan to this section of your portfolio.

The student must complete the table or use an appropriate template to create a risk management plan. A sample answer for the case study is provided in the table:

BSBSTR602 Develop organisational strategies
Richmond School of Business | CRICOS Code: 03717E | RTO ID: 45432 19

				8	Commun ication plan
		2	2
Complia nce risk	Lack of commun ication	2					Weekl y


Attendees:
Discussion



Topic 4
Topic 5