Strategic business planning and plan development processes


Report and Formatting Requirements:

Individual Reflection Paper Details:

This document contains the details for the individual reflection paper for BUMGT5928 Strategic Enterprise Planning for semester two, 2019. Included are aspects such as:

A) The assignment requirements;

B) How they meet the Learning Outcomes-refer to the course description;

C) How the assignments are to be formatted; and

D) How it will be assessed by using an Assessment Criteria Sheet.

You must read this in conjunction with the course description which contains other pertinent information on submission; etc. It is your responsibility to fully acquaint yourself with these requirements. If you are not clear on any aspect please speak with your lecturer.

The overall purpose of the assessment is for you to demonstrate an "advanced and integrated understanding of a complex body of knowledge"

Overview of the Assignment: Reflective Journal

This task is aimed at developing a deeper awareness, appreciation and empathy with the wider strategic business planning and plan development processes. It is also aimed at developing skills and capability in this area of business management.

After having researched and produced a strategic enterprise plan this task asks you to review and reflect on the many aspects of the overall process. There are many issues, etc. that you might like to reflect on, and these will be both generic and very personal.

Some of the key issues, etc. that you might want to include in this reflection include:

A) Key challenges experienced at various levels, from research to plan development/implementation maps;

B) Key advantages and disadvantages of strategic business planning;

C) Limitations of business planning-does its relevance and applicability differ across contexts and situations?

D) Conflicting priorities and expectations of key stakeholders-managing group inputs and outputs;

E) Issues relating to access to core/key data;

F) Issues and challenges of making decisions in a world of uncertainty;

G) Skills and capabilities created/consolidated by your involvement in this course/strategic process; and

H) What would I do differently if I had a similar task?

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