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8624-701 Execute a Strategic Business Plan 

8624-701 Execute a Strategic Business Plan teaches people how to put a strategic business plan into action. It helps them learn the important ideas behind executing such plans. After finishing, learners will be able to carry out and assess a strategic business plan.

Learning Outcome

By the end of the course, learners will:

  1. Understand the principles underpinning the execution of a strategic business plan
  2. Be able to implement a strategic business plan
  3. Be able to evaluate a strategic business plan

Task 1

AC 1.1 Analyse the concepts of empowerment, authority, responsibility, accountability and delegation and their implications for different types of organisational structure

AC 1.2 Evaluate the advantages and disadvantages of centralised and decentralised structures

AC 1.3 Assess the place of change management within strategy execution

AC 1.4 Analyse the principles of business process re-engineering

AC 1.5 Evaluate the application of project management techniques to monitoring the execution of a strategic business plan

AC 1.6 Evaluate the scope of tools for monitoring strategic performance

AC 1.7 Evaluate the advantages and limitations of a range of evaluation techniques

Task 2

AC 2.1 Develop the vision and objectives of a strategic business plan

AC 2.2 Delegate responsibilities to individuals who are authorised to put the strategy into action

AC 2.3 Allocate resources in accordance with priorities

AC 2.4 Monitor the progress of the implementation against the evaluation plan, Key Performance Indicators (KPIs) and evaluation criteria

AC 2.5 Take prompt action in the event of problems arising

Task 3

AC 3.1 Justify an evaluation approach that is appropriate for the nature of the business and the purpose of the evaluation

AC 3.2 Evaluate the extent of success of the strategy against evaluation criteria

AC 3.3 Identify the reasons for successes and failures

AC 3.4 Identify the degree of fit between an organisation’s strategy and its structure

Must Read:

  • ILM Level 7 NVQ Diploma in Strategic Management and Leadership

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