1) Research Native Bush Spice Australia's customers and competitors

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1) Research Native Bush Spice Australia's customers and competitors. Identify sources of information to use to research Native Bush Spice Australia's market, competitors and target customers. Note down at least 3 sources of information. You will need to record these information sources in your SWOT and PESTLE analysis. Using the information that you have developed, research trends and development in the industry and competitors, potential new and emerging markets, competitors and any other relevant factors.

 

 

2. Complete a risk assessment and cost benefit analysis for the potential cooperative venture.

 

 

3. Develop a SWOT and a PESTLE analysis.

These should outline all of the internal and external factors that will impact on the Strategic Plan based on your research. Begin a new Word document for the analyses. Save it as SWOT and PESTLE Analysis.

 

 

4. Develop the Strategic Plan.

Once you have received feedback from your assessor, proceed with developing the Strategic Plan. Using the template provided by your assessor. You will need to make sure you complete all sections of the Plan and use clear and concise English.

Your strategic plan will need to include specific actions to include each of the strategic objectives.

You must include responsibilities and timelines for each action, as well as key performance indicators. Each of the actions should be ordered commencing with the most urgent action first.