Coursework Title: Strategic Planning 8: Functional Areas Programmels): International Foundation Year International Vear Zero Module Name: Introduction to Business Functions Module Code: BlCBOlS-A Weighting: 40% Maximum Words: 1500 Contact: If you have any issues with this coursework you may contact your lecturer. Contact details are: Hand-in Date: 14'h June 20220nline Turnitin (Word Document) Faedback: Feedback will be both written and verbal. m Page 1 of 5 iron are to produce an assignment researching certain processes and functions for John Lewis a company that has been trading for over 150 years since 1864, on London's Oxford Street. It now a leading omni-channel retailer in the UK with 34 John Lewis shops and a growing online business. They also offer a range ofnancial products from Home Insurance to Foreign Currency and credit card, the Partnership Card through John Lewis Finance. They have linksto partnership businesses such as Waitrose. The first ten Waitrose shops joined the John Lewis Partnership in 1937 and today there are now 331. They also have a number of shops in the Middle East and export products to 58 countries worldwide. httpszllwww.iohnlewispartnership.co.uk/about/what-we-dohtml \"PLEASE NOTE This link is for initial guidance and you are required to carry our further reading and research to develop your ideas for the coursework. LOZ Describe how businesses undertake strategic planning and how they respond to change. 1. Describe the steps of the Strategic Planning Process and the factors that must be considered by businesses when formulating strategic plans? (You may provide an example of how this is done by John Lewis to show its strategic planning process) 2. Briefly explain how the mission, vision. purpose and values inform strategic planning? 3. Implementation of strategic change such as 'restructuring' is currently being carried out by John Lewis. Describe how the change management process helps deal with implementing effective change and addresses resistance to change? httpswww.retaiIgazette.co.uk/blog/2021/07/experts-resoond-toiohn-lewis-partnershios-plans-to cut-IDDU-obsl 'PLEASE NOTE - This link Is lor Initial guidance and you are required to carry our further reading and research to develop your ideas for the coursework. L03 Explain the functions of nance, human resource management and marketing. 4. Explain the purpose of Marketing, HRM and Finance functions. Include examples of how each ofthe functional areas operate within John Lewis? Guide to Performance Criteria Page 2 of 5 70% and above: Your work must be of outstanding quality and fully meet the requirements of the coursework specification and learning outcomes stated (L02/L03). You must show independent thinking and apply this to your work showing originality and consideration of key issues. Clear explanations and examples provided on strategic planning with wider implications addressed and reasoning provided. Purpose, values and goals etc are seamlessly stated with explanations and rationale shown to aid strategic planning and a critical interpretation is provided. Change management and the process of change within organisations is clearly linked to the researched business with the wider issues of change management and resistance to change addressed and linked to strategic planning. The use of SWOT or PEST analysis to inform strategic planning is evaluated and incorporated seamlessly into the work and links to the research of the business and importance to strategic planning process. There are links to functional areas and how they are unified/interlinked, as well as provided substantial examples of how the 3 functional areas operate within the researched organisation. There must be evidence of wider reading on the subject, research and the use of examples and reference to sourced material is clear and consistent. A variety of reference to theories are explored and applied in the correct context and researched examples are justified and coherent. Key words which may describe a coursework at this level include: uppraises, compares, concludes, contrasts. criticizes, critiques, defends, discriminates, evaluates, explains, interprets, justles, relates, supports. 60% - 7096: Your work must be of good quality and meet the requirements of the coursework specification and learning outcomes stated (L02/LO3). You must demonstrate some originality in your work and show this by applying new learning to the key issues of the coursework. The strategic planning process is explained in detail and supported by actual examples of how the researched business undertakes strategic planning. Purpose, values and goals etc are stated with explanations and rationale shown to aid strategic planning. Change management as well as resistance to change is clearly linked to the researched business and appropriate examples and justifications made. The 3 functional areas are described in great depth and detail with many examples provided for each functional area on how the researched company performs the functions. There must be evidence of wider reading on the subject. You have attempted to make a reference to theory and researched examples that are justified. Some attempts made to reference sourced material is evident. Key words which may describe a coursework at this level include: categorizes, combines, compiles, creates, devises, generates, modifies, reconstructs, identifies, illustrates, outlines, synthesizes. 50% - 60%: Your work must be comprehensive and meet all of the requirements stated by the coursework specification and learning outcomes. You must show a good understanding of (LOZ/Loa) the key concepts and be able to apply them to solve the problem set by the coursework. The strategic planning process is explained in detail with some explanation of how the researched business undertakes strategic planning. Purpose, values and goals etc are stated and clear links made to the business in context to strategic planning. Change management is explored in context to the researched business and clear links are made which include resistance to change. The 3 functional areas are described in detail and the use of some examples are provided for certain functional areas on how the researched organisation performs the functions. There must be enough depth to your work to provide evidence of wider reading and applied some research and examples provided. Very Little attempts made to apply theory or referencing. Business terminology effectively used and correct understanding evident throughout the work Key words which may describe a coursework at this level include: demonstrates, changes, applies, operates, produces. predicts, shows, solves, uses, translates, camprehends, con vem, generalizes. Page 3 of 5 40% - 50%: Your work must be of a standard that meets the requirements stated by the coursework specification and learning outcomes. You must show a reasonable level of understanding of the key concepts and principles (LOZ/LO3) and you must have applied this knowledge to the coursework problem. The strategic planning process is explained within a basic context and very little identified links made to the researched business. Purpose, values and goals etc are stated and some links made to the business in context to strategic planning. Change management is addressed and basic comprehension shown that outlines how change management can support a business and any conflict. The 3 functional areas are described in general terms with basic or slight links made to the researched business and how it performs the functions. There should be some evidence of wider reading and basic business terminology used appropriately. Key words which may describe a coursework at this level include: comprehends, defines, describes, identifies, knows, labels, lists, matches, outlines, recalls, recognizes, reproduces, selects, states, rewrites. Below 40%: Your work is of poor quality and does not meet the requirements stated by the coursework specification and learning outcomes (L02/L03). There is a lack of understanding of key concepts and knowledge and no evidence of wider reading or research. Consistent mistakes with grammar and work is not understandable