This unit of competency specifies the outcomes required to lead the development of high-level strategic plans for an organisation or professional practice. These plans are usually long-term covering three to five years. Establishing financial and non-financial performance indicators, and monitoring them, are critical to success. It requires the analysis of the environment, identification of risks and opportunities, and specification of strategic directions for the organisation or practice. The unit also addresses annual operational planning to support the strategic plan, including planning staffing requirements and succession planning.The unit supports the work involved in serving the vision and mission of an organisation. It applies to senior managers and owners who provide the strategic direction and planning for the organisation.No licensing, legislative, regulatory, or certification requirements apply to this unit of competency at the time of endorsement.

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