Complete the following activities: Task 3.1 Case Study You are implementing the strategic plan. Assume that the following occurred (contextualise the scenarios based on your strategic plan when required): A B C D Address the following: 1. Outline what monitoring activities were implemented to identify the issues outlined in the scenarios above. Additionally, list the performance indicators that helped to identify the issues. Monitoring activities Scenario A B C D part of the assessment. At 50% implementation timeline A new direct competitor runs a very successful marketing campaign and charges 10% less than your current prices. This could erode your market share by 5% in the next 12 months. Covid 19 happens. 2. Address the following: Describe how each scenario impacts the realisation of the strategic plan. Outline how each scenario is addressed/managed. gG At 75% implementation timeline You are finding it difficult to fill critical operational positions in the company. Your pay rate aligns with the market rate, but not many people apply for job vacancies. One of the highest risks that you have identified occurs. Specify the risk from your risk evaluation in your strategic plan: A B BSBSTR602- Develop organisational strategies V3 2021 RTO Provider: 91153 CRICOS Code: 02672K D Scenario Impact (30-50 words) Greenwich College Strategic plan Example: Become a market leader in quality international education. 50% Timeline 75% Timeline 3. Determine the changes/refinements that will be made to the strategic plan based on the scenarios. Increase yearly enrolment for domestic students in all courses offered by the college. Participate in and be recognised in annual education award events. Page 8 greenwichcollege.edu.au Changes @ 50% timeline How the scenario is managed (30-50 words) Apply for three education awards/year Win one award/year 4. Based on the scenario's impact on the strategic plan, evaluate the achievements of the strategic plan at the end of implementation (target Vs actual). Strategic goal Objectives KPIs 25% increase in the first years 70% increase within three years Changes @ 75% timelines Target Vs Actual International student market was severely affected by COVID-19 and. The organisation had to switch to online education and focus on the domestic market. Did achieve 25% increase in the first year but then only an additional 10% increase in enrolments was achieved within the three years. The budget was adjusted to allow for the development of online courses. Enrolment increase is forecasted post-COVID-19. Complete the following activities: Task 3.1 Case Study You are implementing the strategic plan. Assume that the following occurred (contextualise the scenarios based on your strategic plan when required): A B C D Address the following: 1. Outline what monitoring activities were implemented to identify the issues outlined in the scenarios above. Additionally, list the performance indicators that helped to identify the issues. Monitoring activities Scenario A B C D part of the assessment. At 50% implementation timeline A new direct competitor runs a very successful marketing campaign and charges 10% less than your current prices. This could erode your market share by 5% in the next 12 months. Covid 19 happens. 2. Address the following: Describe how each scenario impacts the realisation of the strategic plan. Outline how each scenario is addressed/managed. gG At 75% implementation timeline You are finding it difficult to fill critical operational positions in the company. Your pay rate aligns with the market rate, but not many people apply for job vacancies. One of the highest risks that you have identified occurs. Specify the risk from your risk evaluation in your strategic plan: A B BSBSTR602- Develop organisational strategies V3 2021 RTO Provider: 91153 - CRICOS Code: 02672K D Scenario Impact (30-50 words) Greenwich College Strategic plan Example: Become a market leader in quality international education. 50% Timeline 75% Timeline 3. Determine the changes/refinements that will be made to the strategic plan based on the scenarios. Increase yearly enrolment for domestic students in all courses offered by the college. Participate in and be recognised in annual education award events. Page 8 greenwichcollege.edu.au Changes @ 50% timeline How the scenario is managed (30-50 words) Apply for three education awards/year Win one award/year 4. Based on the scenario's impact on the strategic plan, evaluate the achievements of the strategic plan at the end of implementation (target Vs actual). Strategic goal Objectives KPIs 25% increase in the first years 70% increase within three years Changes @ 75% timelines Target Vs Actual International student market was severely affected by COVID-19 and. The organisation had to switch to online education and focus on the domestic market. Did achieve 25% increase in the first year but then only an additional 10% increase in enrolments was achieved within the three years. The budget was adjusted to allow for the development of online courses. Enrolment increase is forecasted post-COVID-19. 5. Develop a lessons learned report. a) Consider the feedback below and the scenarios that occurred. BSBSTR602- Develop organisational strategies V3 2021 RTO Provider: 91153 - CRICOS Code: 02672K gC Greenwich College SC Feedback: Lack of project management knowledge across the organisation. Resistance to change from staff as they did not fully understand the reason/need for change. Delays in updating appropriate documents to align with changes. The marketing department failed to provide updated reports to the Board of Directors by due dates. . . b) Schedule a time with the trainer and assessor in week 5 of class. Meet with a classmate who will play the role of a pertinent stakeholder in the organisation. This is a Role-Play During the meeting (15 minutes): Illustrate how you managed the scenarios described in Task 3.1 Review the target VS actual report Gather feedback on the effectiveness of the plan Ask for inputs into the lessons learned report (Template1) . Inconsistent communication approach across the organisation. The organisation showed resilience during challenging times. The trainer and assessor will validate the meeting in the marking sheet and provide some feedback. If you are absent from class, it is your responsibility to make alternative arrangements with the trainer and assessor to conduct the feedback session. Worked well c) Develop a lessons learned report (Template 1), informed by your work in Task 3.1.5a and 3.1.5b. Overview A brief summary of the strategic plan and planning process that was implemented. greenwichcollege.edu.au List 3-5 items Record BSBSTR602 Develop organisational strategies V3 2021 RTO Provider: 91153 - CRICOS Code: 02672K Template 1 -Lessons Learned Report Lessons Learned Report Lessons learned and suggested improvements (50-100 words): Greenwich College Complete the filing record below. Plan Title: Plan Lead: References Page 9 Could have gone better List 3-5 items Date: Version: greenwichcollege.edu.au File Name: Page 10 Please include your references below: (Please refer to this referencing guide if needed or speak to your trainer for any specific referencing requirements for this assessment)