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Task 1.1 Assess how the business mission, vision, objectives, goals and core competencies of
Easy Jet informs its strategic planning (AC 1.1)
Introduction:
(Briefly state the importance (need) of strategic planning. You can state the importance
or need in point form.)
(Define each of the following terms clearly explaining their significance (roles and
importance) in the context of Easy Jet strategic planning. You must state the mission
and vision of EasyJet)
STRATEGY
MISSION
VISION
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GOALS
OBJECTIVES
CORE COMPETENCE
Summary: How mission, Vision, Goals, Objectives and Core Competencies influence strategic
planning
MISSION
STRATEGIC
PLANNING
CORE
COMPETENCIE
S
VISION
OBJECTIVES/GOA
2
LS
1.
2.
3.
4.
5.
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Task 1.2 Analyse the factors that have to be considered by Easy Jet when formulating strategic
plans. (AC 1.2)
Introduction:
Briefly explain the importance of strategic planning. You can state the importance of
strategic planning in point form.)
(The following are some of the factors which an organisation like EasyJet need to consider when
formulating strategic plans:
Planning horizon
Outside influences
Changes in political environment
Organisational mission/vision/objectives, etc
Available resources
Planning issues impact on managers, targets, role of planning, etc
Organisational structure and culture
You are expected to analyse (to want extent) how these factors affect strategic planning.
How important are these factors when in come to strategic planning?)
Task 1.3 Evaluate the effectiveness of at least two techniques Easy Jet can use when developing
strategic business plans (AC 1.3)
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PLANNING TECHNIQUES
(Briefly explain what are planning techniques.)
Planning techniques
(Summarise different planning techniques and expand on any two applicable to Easy Jet.)
BCG,
SPACE,
PIMS,
DIRECTIONAL POLICY MATRIX
(For this task you are expected to provide a detailed evaluation on the effectiveness of
any two planning techniques mentioned above when Easy Jet is developing their
strategic business plan).
(When evaluating the effectiveness of the planning techniques ensure you include the
following in your answer:
Make sure you clearly explain how effective each of these techniques is in
producing the results the company expects.
Give examples how each of this techniques can improve the achievements of the
EasyJets objectives and goals.
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Introduction:
Briefly state the importance of carrying out organisational audit. You can state
importance in points form:
1.
2.
3.
4.
(Explain how the following tools can be used to carry out organisational audit
Strategic positioning
(Briefly state what is strategic positioning? State briefly the need for strategic
positioning. Give examples how EasyJet has strategically positioned itself.)
When analysing strategic position of EasyJet the strengths and weaknesses of EasyJet by
considering the following:
Task 2.2. Carry out an environmental audit of Easy Jet (AC 2.2)
Introduction:
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Importance of environmental audit
(Briefly state the importance or need for environmental audit. You can write your answer in points
form)
1.
2.
3.
4.
Explain how you can carry out an organisational audit of EasyJet using the following tools:
Task 2.3. Assess the significance of stakeholder analysis when formulating new strategy (AC
2.3).
Define stakeholders
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Assess the significance of stakeholder analysis (why is it important for
organisations to conduct stakeholder analysis when formulating a new strategy) -
looking at the roles of stakeholder analysis.
(Analyse one alternative strategy from each category one from limited growth, one
from substantive growth and one from retrenchment growth)
When evaluating the appropriateness of any alternative strategy you need to consider
the following:
Internal Consistency
External Environment
Strategic Advantages
Feasibility
Task 3.2. Present and justify the choice of a new strategy for Easy Jet. (AC 2.4 and AC 3.2).
Based on the conducted SWOT analysis in LO2 select with justification an
appropriate strategy from the growth strategies analysed in AC 3.1 for Easy Jet
to pursue for its future growth.
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Please take note that this task combines two assessment criteria (AC2.4 and
AC3.2). The two ACs need to be answered separately even though they are
closely related.)
Start by answering AC2.4 Identify the new strategy you want to propose for
EasyJet. Explain this new strategy in regard to:
Suitability
Acceptability
Feasibility
Justify why you have proposed this strategy. Explain the strategic advantages
this new strategy will bring to EasyJet. You can use the following point to justify
the strategy:
Availability of resources human, capital, technology, etc
Market growth and market share how the strategy will make it possible
Profitability
Opportunities available to exploit the available opportunity
To defend the companys position
Cost reduction
Efficiency
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Assess the roles and responsibilities of managers at (DIFFERENT LEVELS OF
STRATEGY: Cooperate, Business and Functional)
Your assessment can cover the following areas:
Strategic direction
Communication
Resource allocation
Task sequencing and scheduling
Flexible planning
Establishing balanced organisational control
Effectively managing organisation resource portfolio
Task 4.2 Analyse the estimated resource requirements for implementing Easy Jets new strategy
(AC 4.2)
What resources will be required by Easy Jet for successful implementation of
the chosen strategy in AC2.4?
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Task 4.3. Evaluate the contribution of SMART targets to the achievement of strategy
implementation at Easy Jet (AC 4.3)
SMART targets contributes in different ways in the success of strategy. You can
consider some of the following:
5. Instils self-discipline
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9. Gives you something new to think.
Find below a Balanced score card that would be used as a guide in setting your targets and
time scale needed to implement the selected strategy in Task 3.2
KEY STRATEGIC
SUCCESS FACTORS
Financial
Improve productivity
Growth Revenue
Customer
Satisfy customer needs
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Gain market share
Improve reputation
Internal
Manage Innovation
Manage customer
Manage operations
Learning and Growth
Employee retention
Training
(adapted Balanced Score Card, Pearce and Robinson,2011)
To what extent does SMART objective help in the achievement of strategy implementation at
Easy Jet.
Conclusion
Analyse Examine in detail the structure of something or the elements that make up a
process or an event. It implies a model, theory or concept can be used as a
basis for examining the structure or the component parts. Pay attention to who,
what, why, when and how. Include strengths, weaknesses, pros and cons.
The main body of the assignment should present your analysis. It must contain
all the information needed to justify your conclusions and recommendations.
Your analysis must:
Show that you understand what you have read
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Demonstrate your knowledge of key models, theories and
concepts. (A lack of reference to an appropriate theory is the
most common criticism made by assessors).
Contain arguments from different sides (where relevant)
Cover all aspects of the question
Follow a logical structure and have a coherent flow
Assess Consider the points for and against something in a balanced way.
Evaluate Form an idea about the worth or value of something. This often involves
Comparing what is being evaluated with the expected outcome, or an ideal
model, or weighing costs against benefits and then reaching a conclusion.
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