Unit: 606 Developing and Leading Strategy

In the previous era, many organisations found doing great interventions in developing and leading the Strategies for their company. The developments pointed out in Unit: 606 Developing and Leading Strategy emphasises were involved in the final phenomenon of putting plans in place for upcoming years. On the other hand, business organisations in today`s world are more turbulent and complex environments of business. The possibilities for planning every strategy making and eventuality required to be a more dynamic and flexible process that is a reflection on the strategic thinking method regarding the environment and business in which it is operating. Organisations which are not successful in thinking strategically become vulnerable to ill-prepared threats to getting the payoff from fresh opportunities.

The leading and development of strategy refers to the organisation`s direction taken with the objective of obtaining future success in the business. The strategy made in the organisation with the method through which it has the intention to utilise its resources which include the skills and knowledge of its individuals as well as material and financial assets.

Objectives of Unit

The strategy of an organisation is sometimes considered as a plan or road map that provides guidance to the organisation. It might be generated to offer different directions to organisations to stakeholders for their future. Moreover, it also enables the organisation to monitor and measure its rate of success. The strategy of an organisation can make progress over time in response to diverse circumstances, innovative opportunities and unexpected challenges. Eventually, these results of success from the method of organisational strategy are implemented, managed and led. The main objective of Unit: 606 Developing and Leading Strategy Is to make the professional leaders and managers able to recognise the methods for developing the strategy of the organisation and the ways through which they can lead and formulate the strategy of the organisation to obtain a strategic objective.

Learning Outcomes

The learning outcomes of Unit: 606 Developing and Leading Strategy are designed to make the learners able to recognise and acquire the concepts of Developing and Leading Strategy. The following are the learning outcomes:

LO1: Understand approaches to developing organisational strategy

The LO1 of Unit: 606 Developing and Leading Strategy emphasises the inter-relationship which includes deliverables, social impact, expectations, capabilities and resources, partners and suppliers, procedures and policies, timescales, etc. The ethical considerations of this learning outcome include the values of the organisation, code of conduct, culture of organisation, diversity and equality. The strategies of the organisation included in this learning outcome pave alliances, partnerships, growth, innovative service/ product/ process development, consolidation, and time retrenchment. The strategic levels have a great reliance on the functions of strategies which has a great connection with the strategy of people management. The operational strategies of an organisation provided in the unit deal with the delivery of services and products.

LO2: Know how to develop and lead operational strategy to achieve a strategic aim

The LO2 of Unit: 606 Developing and Leading Strategy emphasises the process to develop the strategy of operations including gap analysis, sales and marketing strategies, and resourcing. It also deals with the evaluation and monitoring that include audit, reviews, efficiency, utilisation and effectiveness of data analysis. Some of the processes are utilised for leading the strategies of operations and getting buy-in for stakeholders to attain an objective of strategies including the selection of leadership approach. The approaches utilised in the learning outcome include accountability/responsibility/roles of establishments. Moreover, the current position evaluation including observation and research is also the main part of this learning outcome. The analysis of impact includes organisation and individual culture, beliefs, organisational barriers diversity, political context, and history.

Assessment Criteria

Assessment criteria Unit: 606 Developing and Leading Strategy mainly dependable on the learning outcomes. By exploring the learning outcomes the student will be able to sort out the questions of assessment criteria. Following are the assessment criteria of the learning outcomes of Unit: 606 Developing and Leading Strategy.

LO1: Understand approaches to developing organisational strategy

• 1.1 Critically assess the inter-relationship between organisational strategy and functional and operational strategies
• 1.2 Evaluate factors which influence the development of organisational strategy
• 1.3 Critically appraise approaches to developing organisational strategy

LO2: Know how to develop and lead operational strategy to achieve a strategic aim

• 2.1 Critically discuss a process to develop an operational strategy to achieve a strategic aim
• 2.2 Recommend approaches to leading operational strategy and achieving stakeholder buy-in

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