Skills and Knowledge Activity Estimated Time _ Objective To provide you with an opportunity to demonstrate your knowledge of the foundation skills, knowledge evidence and performance evidence. Complete the following individually and attach your completed work to your workbook. The answers to the following questions will enable you to demonstrate your knowledge of: vvvvvvvv V > Reading Writing Oral Communication Numeracy Navigate the world of work Interact with others Get the work done Outline the legislation, regulations and codes of practice relevant to the organisation's strategic plan Give examples of risks and risk management strategies relevant to strategic planning including: o intellectual property rights and responsibilities 0 other risks Outline strategic planning methodologies including political, economic, social and technological (PEST) analysis and strengths, weaknesses, opportunities and threats analysis (SWOT) Identify internal and external sources of information relevant to the organisation's market, competitors, customer base, vision, values and capabilities Outline techniques for developing organisational values Answer each question in as much detail as possible, considering your organisational requirements for each one. 1. How can your analytical skills be used when developing and implementing strategic plans? What financial implications exist when proposing new strategies? Why is it important that research is accurate and up to date? How can the requirement due diligence be assessed? What relevant legislation does your organisation adhere to that could affect strategic planning? What is the purpose of a SWOT and PEST analysis? Why is it important to have knowledge of the competitors