Question:

Strategic Plan

In this the question 'where do we want to be?' is what you are seeking to inform i.e. the firm wants to identify effective, sustainable and socially responsible strategic options that will give them long term competitive advantage given the challenge of climate change

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Relevant information:

Business: Hope and anchor

Climate change Issue: Waste management

Hope and Anchor (bar) is the business I have been chosen, and the issue I have chosen is waste (waste management) to mitigate climate change and gain a long-term competitive advantage. Detailed paragraph responses to each of the following question (questions 1-4) would be greatly appreciated!

*PARAGRAPH RESPONSES with academic literature to support statements*

*No dot points please*

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To be Answered:

Question 1 - What is the purpose of this report? PARAGRAPH RESPONSE

what is the current purpose of the business, and what is its position in terms of its internal situation and external environment. What is waste management and how is it a strategic challenge for this firm?

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Question 2 - Current strategic approach (of Hope and Anchor to the climate change.) PARAGRAPH RESPONSE with literature reference

Format:

You DON'T need to know what your firm's current strategy really is. You just need to critically think about what it probably is or could be, based on knowledge and assumptions of the business - what do you think its current LONG-TERM agenda is? Do you think they even have one? How could climate change impact them with that current approach? From that, consider what could be significant strategic issues for them?

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Question 3 - Possible strategic options PARAGRAPH RESPONSE - with literature reference

(providing three options to address the challenge which are responsible and sustainable business practices that could provide long term competitive advantage to the firm. This section will require some creative or innovative thinking, and it must justify each option using the SAFe criteria.

Format:

Options MUST be grounded in the information from your analysis of the firm's current situation. Think about what are the firm's strengths/capabilities they can build on to take advantage of external opportunities and mitigate threats? Consider what are the weaknesses they must address and how must they manage to make the most of opportunities and avoid the threats that could damage them?

Put forward options for how the firm can be more environmentally responsible, socially considerate, and ethically active to ensure have less of a carbon footprint/ less waste, emissions or energy use as they provide more responsible products and services.

You need to justify each option by explaining why it is appropriate given the firm's situation AND how it could provide strategic advantage i.e., LONG-TERM COMPETITIVE success.

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Question 4 - Strategic plan and justification to guide the firm's pursuit of the strategic options. PARAGRAPH RESPONSE with literature reference (BIGGEST PART)

Outline your strategic plan for the firm, with a hierarchy of strategy which will give guidance to future implementation processes (e.g. vision, mission, goals, objectives, as well as possible policies, programs which will guide resourcing and action).

Provide justification by explaining how your suggested plan addresses three important things): 1) how is the hierarchy of strategy aligned across the organisation to support the overarching agenda?

2) how is it consistent and appropriate in terms of the firm's current situation (e.g. in terms of purpose, values and capabilities etc.), and external environment (e.g. industry, competition, customers) 3) how does it integrate the whole organisation units and operations in the plan to support the focus and direction of implementation activities toward the climate change challenge strategy.

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References:

Business - https://www.hopeandanchor.net.au/

Hope and Anchors - Visions and mission

Vision: To be an outstanding company financially and known top environmental advocate by 2032

Mission: Have highly involved, dedicated environmental advocate employees and consumers through strategic waste management.