ILM Level 6 8316-605 Reviewing Corporate Policy and Strategy Assignment Help in UK

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Assignment Activity 1: Review the procedures for the development and implementation of corporate policies and strategy.

AC 1.1 Compare colleagues’ and stakeholders’ perceptions of the organisation’s purpose, vision and values.

Identify Stakeholders and Colleagues: Identify the key colleagues and stakeholders, such as team members, managers, customers, or suppliers, whose perceptions would be compared.

Collect Perceptions: Gather feedback from colleagues and stakeholders through surveys, interviews, or informal discussions about their understanding of the purpose, vision, and values of the organisation.

Analyze the Perceptions: Compare the gathered perceptions to identify similarities and differences. Look for any gaps in understanding or alignment between colleagues and stakeholders.

Interpret the Findings: A critical analysis of how perceptions may affect organisation culture, communication, and decision-making processes. Determine the areas for improvement in aligning the perceptions with the core principles of the organisation.

Recommendation: Based on findings, suggestions for alignment may include clear communication of values, vision, and purpose of the organisation, or even more involvement of stakeholders in decision-making.

AC 1.2 Assess the effectiveness of the procedures for developing corporate policy and strategy and their adherence to best practices.

• Currently Existing Procedures: This step requires reviewing the present procedures for developing corporate policy and strategy in the organisation. This involves assessing how the policies are created, communicated, and implemented.

• Alignment with Best Practices: Compare the organisation’s procedures with widely recognized best practices in corporate strategy and policy development, including stakeholder engagement, data-driven decision-making, and continuous evaluation.

• Strengths and Weaknesses: The strengths and weaknesses of the current procedures should be evaluated. This can mean that the strength is seen in it having clear frameworks or stakeholder involvement, while the weakness might include a lack of transparency or inconsistent implementation.

• Measure Effectiveness: Determine how effective these procedures are in achieving the organisation’s strategic goals. Consider factors such as the clarity of policies speed of decision-making and the successful execution of strategies.

• Recommendations for Improvement: With this assessment, recommend changes to strengthen compliance with best practices. To that end, processes can be improved, stakeholder involvement increased, or new tools chosen for better strategy development and policy formulation.

AC 1.3 Assess the effectiveness of current corporate policies and strategies in enabling the organisation to fulfill its purpose, vision, and values.

• Review Existing Corporate Policies and Strategies: Initiate review of existing policies and strategies within the organisation. Critically analyze whether they contribute to or pull away from fulfilling the actual organisational purpose, vision, and values.

• Assess Alignment towards Organisational Goals: Determine whether these policies and strategies pursue the attainment of organisational goals. Are they pursuing the realization of its mission and vision? Is the value explicitly depicted in the decisions being made?

• Measure Effectiveness: Consider how effective the current policies and strategies are in implementation and outcomes. This can be from such performance indicators as employee engagement, customers satisfaction, financial results, and overall organisation performance.

• Gaps or Misalignments: Consider gaps or misalignments that might exist between corporate policies, strategies, and the organisation’s purpose, vision, and values. Identify areas where the policies may hinder or not support the required outcomes fully.

• Recommendations: Taking into account the results, propose revisions or development changes for policies and strategies in light of harmonization with the purpose, vision, and values of the organisation. This can include amending some policies, developing new strategies, or enhancing communication and implementation techniques.

AC 1.4 Critically review organisation structures, culture and internal communication systems and assess their effectiveness in enabling the implementation of policy and strategy.

• Organisation Structure: Assess the existing structure, reporting lines, and resultant decision-making processes. Determine whether it supports or resists strategy implementation, thereby working toward or contrary to organisational objectives.

• Organisational Culture: Assess how the culture impacts strategy execution. A culture of collaboration and adaptability will further the strategy, while resistance to change will provide obstacles to implementation.

• Internal Communication Systems: Examine the communication channels available and how effectively they communicate policies and strategies. Clear, aligned, and engaged policies will mean effectiveness across all levels through proper effective communication.

• Effectiveness Evaluation: Assess how the structure, culture, and communication systems work together to either support or block policy and strategy implementation.

Assignment Activity 2: Make recommendations for changes to procedures for the development and implementation of corporate policy and strategy.

AC 2.1 Make recommendations for changes to procedures for the development and implementation of corporate policy and strategy.

• Streamline Decision-Making Processes: Simplify and de-complicate decision-making processes so that these can be developed and rolled out more quickly and efficiently. Consider decentralization of specific decisions to empower departments and teams.

• Increase Stakeholder Involvement: Involve the stakeholders-that-are-most-important: employees, customers, and partners in the development of policies in an early phase to ensure the strategies make more people relevant. Feedback loops that run regularly can further help fine-tune strategies before the actual implementation.

• Enhance Data-Driven Decisions: The future development phase should see more embedding of data analytics into policy and strategy making, ensuring that policies and strategies are actually based on current market trends, performance metrics, and feedback. This would enable better anticipation and guarantee the strategist’s strategy is attuned to organisational objectives.

• Enhance Communication and Transparency: Use various channels: improve internal communications so that policies and strategies cascade throughout all levels of the organisation. Use multiple platforms: meetings, emails, intranet, etc., to update and clarify the objectives.

• Continuous Monitoring and Feedback: Have a systematic follow-through process for continuous monitoring of policy and strategy effectiveness. Regular reviews plus performance metrics will show when adjustments are needed, and the strategies will remain current and effective.
• Promote Flexibility and Adaptability: Implementing procedures that have a tendency for flexibility in strategy making and implementation will help an organisation to adapt immediately according to changes in the market or shifts that might arise internally within the firm.