Need Help; MGT 500 – Modern Management
Need Help; MGT 500 – Modern Management
COURSE DESCRIPTION
This course emphasizes the foundation of management principles and the integration into modern management theory. The primary functions of managers, including planning, organizing, leading, and controlling will be addressed along with demonstrating how effective management can lead to a competitive advantage that sustains the organization.
INSTRUCTIONAL MATERIALS
Required Resources
Daft, R. (2012). Management (10th ed.). Mason, OH: Cengage Learning.
Supplemental Resources
Note: The following supplemental resources are available in the EBSCOhost database located within the Online Databases and Resources section of Blackboard’s Resource Center.
Deiser, R., & Newton, S. (2013). Six social-media skills every leader needs. Mckinsey Quarterly, 1, 62-75. Retrieved from http://web.ebscohost.com/ehost/detail?sid=6b74bb89-4b22-4db6-89b1-eab41a30d7d4%40sessionmgr112&vid=1&hid=122&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=bth&AN=85277123
Mankins, M., Bird, A., & Root, J. (2013). Making star teams out of star players. Harvard Business Review, 91(1), 74-78. Retrieved from http://web.ebscohost.com/ehost/detail?sid=0e6f15b1-fa17-4d21-94f9-2332dd0abc96%40sessionmgr111&vid=1&hid=122&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=bth&AN=84424067
Minyu, W. (2012). Managing Stakeholders: An integrative perspective on the source of competitive advantage. Asian Social Science, 8(10), 160-172. Retrieved from http://web.ebscohost.com/ehost/detail?sid=efc9bd3d-1e17-40b8-b3db-67e9df19134b%40sessionmgr115&vid=1&hid=122&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=a9h&AN=79171261
COURSE LEARNING OUTCOMES
- Examine the concepts of management related to modern-day work environments.
- Analyze the corporate environment, culture, and challenges for managing in a global environment.
- Examine management’s role related to ethics and social responsibility.
- Analyze the activities and skills associated with managerial decision-making.
- Analyze the activities and skills associated with the organizing function of management.
- Analyze the activities and skills associated with the leadership function of management.
- Analyze the activities and skills associated with the controlling function of management.
- Use technology and information resources to research issues in modern management.
- Write clearly and concisely about modern management using proper writing mechanics.
WEEKLY COURSE SCHEDULE
The standard requirement for a 4.5 credit hour course is for students to spend 13.5 hours in weekly work. This includes preparation, activities, and evaluation regardless of delivery mode.
Week | Preparation, Activities, and Evaluation | Points |
1 | Preparation
Activities
Evaluation
|
20 |
2 | Preparation
Activities
Evaluation
|
20 |
3 | Preparation
Chapter 5: Managing Ethics and Social Responsibility
Activities
Evaluation
|
20
280 |
4 | Preparation
Activities
Evaluation
|
20 |
5 | Preparation
Activities
Evaluation
|
20
100 |
6 | Preparation
Activities
Evaluation
|
20 |
7 | Preparation
Activities
Evaluation
|
20
320 |
8 | Preparation
Activities
Evaluation
|
20 |
9 | Preparation
Activities
Evaluation
|
20 |
10 | Preparation
Activities
Evaluation
|
20
360 |
11 | Preparation
Activities
Evaluation
|
20
100 100 |
GRADING SCALE – GRADUATE
Assignment | Total Points | % of
Grade |
Assignment 1: Starbucks’ Strategy | 280 | 19% |
Assignment 2: Management at a Company | 320 | 22% |
Assignment 3: Leadership of Richard Branson | 360 | 24% |
Midterm Exam: Chapters 1-8 (open book with a 2-hour time limit)
25 questions worth 4 points apiece |
100 | 7% |
Final Exam (open book with a 2-hour time limit for each part)
Part 1: Chapters 9-13 (25 questions worth 4 points apiece) Part 2: Chapters 14-19 (25 questions worth 4 points apiece) |
200 | 13% |
Participation (11 discussions worth 20 points apiece) | 220 | 15% |
Totals | 1,480 | 100% |
Points | Percentage | Grade |
1,332 – 1,480 | 90% – 100% | A |
1,184 – 1,331 | 80% – 89% | B |
1,036 – 1,183 | 70% – 79% | C |
Below 1,036 | Below 70% | F |
Assignment 1: Starbucks’ Strategy
Due Week 3 and worth 280 points
Using the Internet and Strayer University databases, research Starbucks’ organizational culture and the key leadership and management traits used to execute the business strategy.
Write a four to five (4-5) page paper in which you:
- Suggest the key elements of Starbucks’ organizational culture that contributes to its success in a global economy. Indicate management’s role with creating and sustaining the organizational culture.
- Assess the effectiveness of Starbucks’ management decisions in providing innovative offerings for its customers (e.g., WiFi, style of coffee, etc.) in order to achieve its current competitive marketplace advantage. Provide support for your rationale.
- Determine one (1) key management competency that a successful manager at Starbucks is likely to have. Indicate one (1) way in which this particular competency is a good fit for the organizational culture.
- Evaluate Starbucks’ ability to achieve long-term sustainability as a global leader in the coffee industry without the organization’s CEO, Howard Shultz.
- Use at least two (2) quality academic resources. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
- Examine the concepts of management related to modern-day work environments.
- Analyze the corporate environment, culture, and challenges for managing in a global environment.
- Use technology and information resources to research issues in modern management.
- Write clearly and concisely about modern management using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.
Points: 280 | Assignment 1: Starbucks’ Strategy | ||||
Criteria | Unacceptable
Below 70% F |
Fair
70-79% C |
Proficient
80-89% B |
Exemplary
90-100% A |
|
1. Suggest the key elements of Starbucks’ organizational culture that contributes to its success in a global economy. Indicate management’s role with creating and sustaining the organizational culture.
Weight: 25% |
Did not submit or incompletely suggested the key elements of Starbucks’ organizational culture that contributes to its success in a global economy. Did not submit or incompletely indicated management’s role with creating and sustaining the organizational culture. | Partially suggested the key elements of Starbucks’ organizational culture that contributes to its success in a global economy. Partially indicated management’s role with creating and sustaining the organizational culture. | Satisfactorily suggested the key elements of Starbucks’ organizational culture that contributes to its success in a global economy. Satisfactorily indicated management’s role with creating and sustaining the organizational culture. | Thoroughly suggested the key elements of Starbucks’ organizational culture that contributes to its success in a global economy. Thoroughly indicated management’s role with creating and sustaining the organizational culture. | |
2. Assess the effectiveness of Starbucks’ management decisions in providing innovative offerings for its customers (e.g., WiFi, style of coffee, etc.) in order to achieve its current competitive marketplace advantage. Provide support for your rationale. Weight: 20% |
Did not submit or incompletely assessed the effectiveness of Starbucks’ management decisions in providing innovative offerings for its customers (e.g., WiFi, style of coffee, etc.) in order to achieve its current competitive marketplace advantage. Did not submit or incompletely provided support for your rationale. | Partially assessed the effectiveness of Starbucks’ management decisions in providing innovative offerings for its customers (e.g., WiFi, style of coffee, etc.) in order to achieve its current competitive marketplace advantage. Partially provided support for your rationale. | Satisfactorily assessed the effectiveness of Starbucks’ management decisions in providing innovative offerings for its customers (e.g., WiFi, style of coffee, etc.) in order to achieve its current competitive marketplace advantage. Satisfactorily provided support for your rationale. | Thoroughly assessed the effectiveness of Starbucks’ management decisions in providing innovative offerings for its customers (e.g., WiFi, style of coffee, etc.) in order to achieve its current competitive marketplace advantage. Thoroughly provided support for your rationale. | |
3. Determine one (1) key management competency that a successful manager at Starbucks is likely to have. Indicate one (1) way in which this particular competency is a good fit for the organizational culture.
Weight: 20% |
Did not submit or incompletely determined one (1) key management competency that a successful manager at Starbucks is likely to have. Did not submit or incompletely indicated one (1) way in which this particular competency is a good fit for the organizational culture. | Partially determined one (1) key management competency that a successful manager at Starbucks is likely to have Partially indicated one (1) way in which this particular competency is a good fit for the organizational culture. | Satisfactorily determined one (1) key management competency that a successful manager at Starbucks is likely to have. Satisfactorily indicated one (1) way in which this particular competency is a good fit for the organizational culture. | Thoroughly determined one (1) key management competency that a successful manager at Starbucks is likely to have. Thoroughly indicated one (1) way in which this particular competency is a good fit for the organizational culture. | |
4. Evaluate Starbucks’ ability to achieve long-term sustainability as a global leader in the coffee industry without the organization’s CEO, Howard Shultz.
Weight: 20% |
Did not submit or incompletely evaluated Starbucks’ ability to achieve long-term sustainability as a global leader in the coffee industry without the organization’s CEO, Howard Shultz. | Partially evaluated Starbucks’ ability to achieve long-term sustainability as a global leader in the coffee industry without the organization’s CEO, Howard Shultz. | Satisfactorily evaluated Starbucks’ ability to achieve long-term sustainability as a global leader in the coffee industry without the organization’s CEO, Howard Shultz. | Thoroughly evaluated Starbucks’ ability to achieve long-term sustainability as a global leader in the coffee industry without the organization’s CEO, Howard Shultz. | |
5. 2 references
Weight 5% |
No references provided | Does not meet the required number of references; some or all references poor quality choices. | Meets number of required references; all references high quality choices. | Exceeds number of required references; all references high quality choices. | |
6. Clarity, writing mechanics, and formatting requirements
Weight: 10% |
More than 6 errors present | 5-6 errors present | 3-4 errors present | 0-2 errors present | |
Assignment 2: Management at a Company
Due Week 7 and worth 320 points
Faculty will provide two to three (2-3) companies for you to choose from for this assignment. Using the Internet and Strayer University databases, research the selected company from its inception to current-day operations.
Write a five to six (5-6) page paper in which you:
- Evaluate two (2) key changes in the selected company’s management style from the company’s inception to the current day. Indicate whether or not you believe the company is properly managed. Provide support for your position.
- Explain senior management’s role in preparing the organization for its most recent change. Provide evidence of whether the transition was seamless or problematic from a management perspective. Provide support for your rationale.
- Evaluate management’s decision on its use of vendors and spokespersons. Indicate the organizational impact of these decisions.
- As a manager within the selected company, suggest one (1) innovative idea that could have a positive impact on both the employees and customers of the company. Indicate the approach you will take in implementing the new idea. Provide support for your suggestion.
- Predict the selected company’s ability to adapt to the changing needs of customers and the market environment. Indicate how open communication channels are critical for successfully implementing change in the organization.. Provide support for your prediction.
- Use at least three (3) quality academic resources. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
- Analyze the activities and skills associated with managerial decision-making.
- Analyze the activities and skills associated with the organizing function of management.
- Use technology and information resources to research issues in modern management.
- Write clearly and concisely about modern management using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.
Points: 320 | Assignment 2: Management at a Company | |||
Criteria | Unacceptable
Below 70% F |
Fair
70-79% C |
Proficient
80-89% B |
Exemplary
90-100% A |
1. Evaluate two (2) key changes in the selected company’s management style from the company’s inception to the current day. Indicate whether or not you believe the company is properly managed. Provide support for your position.
Weight: 20% |
Did not submit or incompletely evaluated two (2) key changes in the selected company’s management style from the company’s inception to the current day. Did not submit or incompletely indicated whether or not you believe the company is properly managed. Did not submit or incompletely provided support for your position. | Partially evaluated two (2) key changes in J the selected company’s management style from the company’s inception to the current day. Partially indicated whether or not you believe the company is properly managed. Partially provided support for your position. | Satisfactorily evaluated two (2) key changes in the selected company’s management style from the company’s inception to the current day. Satisfactorily indicated whether or not you believe the company is properly managed. Satisfactorily provided support for your position. | Thoroughly evaluated two (2) key changes in the selected company’s management style from the company’s inception to the current day. Thoroughly indicated whether or not you believe the company is properly managed. Thoroughly provided support for your position. |
2. Explain senior management’s role in preparing the organization for its most recent change. Provide evidence of whether the transition was seamless or problematic from a management perspective. Provide support for your rationale. Weight: 15% |
Did not submit or incompletely explained senior management’s role in preparing the organization for its most recent change. Did not submit or incompletely provided evidence of whether the transition was seamless or problematic from a management perspective. Did not submit or incompletely provided support for your rationale. | Partially explained senior management’s role in preparing the organization for its most recent change. Partially provided evidence of whether the transition was seamless or problematic from a management perspective. Partially provided support for your rationale. | Satisfactorily explained senior management’s role in preparing the organization for its most recent change. Satisfactorily provided evidence of whether the transition was seamless or problematic from a management perspective. Satisfactorily provided support for your rationale. | Thoroughly explained senior management’s role in preparing the organization for its most recent change. Thoroughly provided evidence of whether the transition was seamless or problematic from a management perspective. Thoroughly provided support for your rationale. |
3. Evaluate management’s decision on its use of vendors and spokespersons. Indicate the organizational impact of these decisions.
Weight: 20% |
Did not submit or incompletely evaluated management’s decision on its use of vendors and spokespersons. Did not submit or incompletely indicated the organizational impact of these decisions. | Partially evaluated management’s decision on its use of vendors and spokespersons. Partially indicated the organizational impact of these decisions. | Satisfactorily evaluated management’s decision on its use of vendors and spokespersons. Satisfactorily indicated the organizational impact of these decisions. | Thoroughly evaluated management’s decision on its use of vendors and spokespersons. Thoroughly indicated the organizational impact of these decisions. |
4. As a manager within the selected company, suggest one (1) innovative idea that could have a positive impact on both the employees and customers of the company. Indicate the approach you will take in implementing the new idea. Provide support for your suggestion.
Weight: 15% |
Did not submit or incompletely, as a manager within the selected company, suggested one (1) innovative idea that could have a positive impact on both the employees and customers of the company. Did not submit or incompletely indicated the approach you will take in implementing the new idea. Did not submit or incompletely provided support for your suggestion. | Partially, as a manager within the selected company, suggested one (1) innovative idea that could have a positive impact on both the employees and customers of the company. Partially indicated the approach you will take in implementing the new idea. Partially provided support for your suggestion. | Satisfactorily, as a manager within the selected company, suggested one (1) innovative idea that could have a positive impact on both the employees and customers of the company. Satisfactorily indicated the approach you will take in implementing the new idea. Satisfactorily provided support for your suggestion. | Thoroughly, as a manager within the selected company, suggested one (1) innovative idea that could have a positive impact on both the employees and customers of the company. Thoroughly indicated the approach you will take in implementing the new idea. Thoroughly provided support for your suggestion. |
5. Predict the selected company’s ability to adapt to the changing needs of customers and the market environment. Indicate how open communication channels are critical for successfully implementing change in the organization. Provide support for your prediction.
Weight: 15% |
Did not submit or incompletely predicted the selected company’s ability to adapt to the changing needs of customers and the market environment. Did not submit or incompletely indicated how open communication channels are critical for successfully implementing change in the organization. Did not submit or incompletely provided support for your prediction.
|
Partially predicted the selected company’s ability to adapt to the changing needs of customers and the market environment. Partially indicated how open communication channels are critical for successfully implementing change in the organization. Partially provided support for your prediction. | Satisfactorily predicted the selected company’s ability to adapt to the changing needs of customers and the market environment. Satisfactorily indicated how open communication channels are critical for successfully implementing change in the organization. Satisfactorily provided support for your prediction. | Thoroughly predicted the selected company’s ability to adapt to the changing needs of customers and the market environment. Thoroughly indicated how open communication channels are critical for successfully implementing change in the organization. Thoroughly provided support for your prediction. |
6. 3 references
Weight: 5% |
No references provided | Does not meet the required number of references; some or all references poor quality choices. | Meets number of required references; all references high quality choices. | Exceeds number of required references; all references high quality choices. |
7. Clarity, writing mechanics, and formatting requirements
Weight: 10% |
More than 6 errors present | 5-6 errors present | 3-4 errors present | 0-2 errors present |
Assignment 3: Leadership of Richard Branson
Due Week 10 and worth 360 points
Using the Internet or Strayer University databases, research the leadership style and characteristics of Richard Branson, Virgin Group.
Write a six to seven (6-7) page paper in which you:
- Assess the key elements of Richard Branson’s leadership style and the impact that those elements have had on his business success. Provide support for your rationale.
- Given that The Virgin Group has been described as a fast-growing entrepreneurial company with many facets to the group, suggest how the unique aspects of Richard Branson’s leadership style mesh successfully with the particular attributes of a multifaceted organization like Virgin.
- Determine two (2) key ways in which Richard Branson is likely to motivate employees in order to achieve his goals for the Virginia Group. Indicate whether or not his approach is likely to work in a different organizational setting. Provide support for your rationale.
- Assess the effectiveness of Richard Branson’s ability to articulate and communicate his vision for his company to employees and other stakeholders. Provide support for your rationale.
- Assume that you have received a job offer to be a manager within the Virgin Group. Determine the criteria you would use to evaluate whether Richard Branson’s leadership style is a good fit for you as a manager and what conclusion you may draw about working under this type of leader.
- Take a position on whether or not you believe Richard Branson is a global leader. Justify your position and provide support for your justification.
- Predict Richard Branson’s success as a leader over the next five (5) years. Support your prediction.
- Use at least three (3) quality academic resources. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
- Analyze the activities and skills associated with the leadership function of management.
- Use technology and information resources to research issues in modern management.
- Write clearly and concisely about modern management using proper writing mechanics.
Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.
Points: 360 | Assignment 3: Leadership of Richard Branson | |||
Criteria | Unacceptable
Below 70% F |
Fair
70-79% C |
Proficient
80-89% B |
Exemplary
90-100% A |
1. Assess the key elements of Richard Branson’s leadership style and the impact that those elements have had on his business success. Provide support for your rationale.
Weight: 15% |
Did not submit or incompletely assessed the key elements of Richard Branson’s leadership style and the impact that those elements have had on his business success. Did not submit or incompletely provided support for your rationale. | Partially assessed the key elements of Richard Branson’s leadership style and the impact that those elements have had on his business success. Partially provided support for your rationale. | Satisfactorily assessed the key elements of Richard Branson’s leadership style and the impact that those elements have had on his business success. Satisfactorily provided support for your rationale. | Thoroughly assessed the key elements of Richard Branson’s leadership style and the impact that those elements have had on his business success. Thoroughly provided support for your rationale. |
2. Given that The Virgin Group has been described as a fast- growing entrepreneurial company with many facets to the group, suggest how the unique aspects of Richard Branson’s leadership style mesh successfully with the particular attributes of a multi-faceted organization like Virgin. Weight: 10% |
Did not submit or incompletely suggested how the unique aspects of Richard Branson’s leadership style mesh successfully with the particular attributes of a multi-faceted organization like Virgin. | Partially suggested how the unique aspects of Richard Branson’s leadership style mesh successfully with the particular attributes of a multi-faceted organization like Virgin. | Satisfactorily suggested how the unique aspects of Richard Branson’s leadership style mesh successfully with the particular attributes of a multi-faceted organization like Virgin. | Thoroughly suggested how the unique aspects of Richard Branson’s leadership style mesh successfully with the particular attributes of a multi-faceted organization like Virgin. |
3. Determine two (2) key ways in which Richard Branson is likely to motivate employee in order to achieve his goals for the Virginia Group. Indicate whether or not his approach is likely to work in a different organizational setting. Provide support for your rationale.
Weight: 10% |
Did not submit or incompletely determined two (2) key ways in which Richard Branson is likely to motivate employee in order to achieve his goals for the Virginia Group. Did not submit or incompletely indicated whether or not his approach is likely to work in a different organizational setting. Did not submit or incompletely provided support for your rationale. | Partially determined two (2) key ways in which Richard Branson is likely to motivate employee in order to achieve his goals for the Virginia Group. Partially indicated whether or not his approach is likely to work in a different organizational setting. Partially provided support for your rationale. | Satisfactorily determined two (2) key ways in which Richard Branson is likely to motivate employee in order to achieve his goals for the Virginia Group. Satisfactorily indicated whether or not his approach is likely to work in a different organizational setting. Satisfactorily provided support for your rationale. | Thoroughly determined two (2) key ways in which Richard Branson is likely to motivate employee in order to achieve his goals for the Virginia Group. Thoroughly indicated whether or not his approach is likely to work in a different organizational setting. Thoroughly provided support for your rationale. |
4. Assess the effectiveness of Richard Branson’s ability to articulate and communicate his vision for his company to employees and other stakeholders. Provide support for your rationale.
Weight: 15% |
Did not submit or incompletely assessed the effectiveness of Richard Branson’s ability to articulate and communicate his vision for his company to employees and other stakeholders. Did not submit or incompletely provided support for your rationale. | Partially assessed the effectiveness of Richard Branson’s ability to articulate and communicate his vision for his company to employees and other stakeholders. Partially provided support for your rationale. | Satisfactorily assessed the effectiveness of Richard Branson’s ability to articulate and communicate his vision for his company to employees and other stakeholders. Satisfactorily provided support for your rationale. | Thoroughly assessed the effectiveness of Richard Branson’s ability to articulate and communicate his vision for his company to employees and other stakeholders. Thoroughly provided support for your rationale. |
5. Assume that you have received a job offer to be a manager within the Virgin Group. Determine the criteria you would use to evaluate whether Richard Branson’s leadership style is a good fit for you as a manger and what conclusion you may draw about working under this type of leader.
Weight: 10% |
Did not submit or incompletely determined the criteria you would use to evaluate whether Richard Branson’s leadership style is a good fit for you as a manager and what conclusion you may draw about working under this type of leader. | Partially determined the criteria you would use to evaluate whether Richard Branson’s leadership style is a good fit for you as a manager and what conclusion you may draw about working under this type of leader. | Satisfactorily determined the criteria you would use to evaluate whether Richard Branson’s leadership style is a good fit for you as a manager and what conclusion you may draw about working under this type of leader. | Thoroughly determined the criteria you would use to evaluate whether Richard Branson’s leadership style is a good fit for you as a manager and what conclusion you may draw about working under this type of leader. |
6. Take a position on whether or not you believe Richard Branson is a “global” leader. Justify your position and provide support for your justification.
Weight: 10% |
Did not submit or incompletely took a position on whether or not you believe Richard Branson is a “global” leader. Did not submit or incompletely justified your position and did not submit or incompletely provided support for your justification. | Partially took a position on whether or not you believe Richard Branson is a “global” leader. Partially justified your position and partially provided support for your justification. | Satisfactorily took a position on whether or not you believe Richard Branson is a “global” leader. Satisfactorily justified your position and satisfactorily provided support for your justification. | Thoroughly took a position on whether or not you believe Richard Branson is a “global” leader. Thoroughly justified your position and provided support for your justification. |
7. Predict Richard Branson’s success as a leader over the next five (5) years. Support your prediction.
Weight: 15% |
Did not submit or incompletely predicted Richard Branson’s success as a leader over the next five (5) years. Did not submit or incompletely supported your prediction. | Partially predicted Richard Branson’s success as a leader over the next five (5) years. Partially supported your prediction. | Satisfactorily predicted Richard Branson’s success as a leader over the next five (5) years. Satisfactorily supported your prediction. | Thoroughly predicted Richard Branson’s success as a leader over the next five (5) years. Thoroughly supported your prediction. |
8. 3 references
Weight: 5% |
No references provided | Does not meet the required number of references; some or all references poor quality choices. | Meets number of required references; all references high quality choices. | Exceeds number of required references; all references high quality choices. |
9. Clarity, writing mechanics, and formatting requirements
Weight: 10% |
More than 6 errors present | 5-6 errors present | 3-4 errors present | 0-2 errors present |
Weekly Course Schedule
The purpose of the course schedule is to give you, at a glance, the required preparation, activities, and evaluation components of your course. For more information about your course, whether on-ground or online, access your online course shell.
The expectations for a 4.5 credit hour course are for students to spend 13.5 hours in weekly work. This time estimate includes preparation, activities, and evaluation regardless of the delivery mode.
Instructional Materials
In order to be fully prepared, obtain a copy of the required textbooks and other instructional materials prior to the first day of class. When available, Strayer University provides a link to the first three (3) chapters of your textbook(s) in eBook format. Check your online course shell for availability.
Review the online course shell or check with your professor to determine whether Internet-based assignments and activities are used in this course.
Strayer students are encouraged to purchase their course materials through the Strayer Bookstore. http://www.strayerbookstore.com. If a lab is required for the course, the Strayer Bookstore is the only vendor that sells the correct registration code so that Strayer students may access labs successfully.
Discussions
To earn full credit in an online threaded discussion, students must have one original post and a minimum of one other post per discussion thread.
Please note: Material in the online class will be made available three weeks at a time to allow students to work ahead, however, faculty will be focused on and responding only to the current calendar week. As it is always possible that students could lose their work due to unforeseen circumstances, it is a best practice to routinely save a working draft in a separate file before posting in the course discussion area.
Professors hold discussions during class time for on-ground students. Check with your professor if any additional discussion participation is required in the online course shell outside of class hours.
Tests
Tests (quizzes, midterm and final exams, essay exams, lab tests, etc.) are available for student access and completion through the online course shell. Check the online course shell to determine how students are expected to take the tests. Do not change these questions or their point values in any way. This disrupts the automated grade book preset in the online course shell.
- Online students are to complete the test by Monday 9:00 a.m. Details regarding due dates are posted in the Blackboard Calendar tool.
- On-ground students are to complete the tests after the material is covered and before the next class session.
Assignments
A standardized performance grading rubric is a tool your professor will use to evaluate your written assignments. Review the rubric before submitting assignments that have grading rubrics associated with them to ensure you have met the performance criteria stated on the rubric.
Grades are based on individual effort. There is no group grading; however, working in groups in the online or on-ground classroom is acceptable.
Assignments for online students are always submitted through the online course shell. On-ground professors will inform students on how to submit assignments, whether in paper format or through the online course shell.
Resources
The Resource Center navigation button in the online course shell contains helpful links. Strayer University Library Resources are available here as well as other important information. You should review this area to find resources and answers to common questions.
Technical support is available for the following:
- For technical questions, please contact Strayer Online Technical Support by logging in to your iCampus account at https://icampus.strayer.edu/login and submitting a case under “Student Center,” then “Submit Help Ticket.” If you are unable to log in to your iCampus account, please contact Technical Support via phone at (877) 642-2999.
- For concerns with your class, please access the Solution Center by logging in to your iCampus account at https://icampus.strayer.edu/login and submitting a case under “Student Center,” then “Submit Help Ticket.” If you are unable to log in to your iCampus account, please contact the IT Help Desk at (866) 610-8123 or at mailto:IThelpdesk@Strayer.edu.
TurnItIn.com is an optional online tool to assess the originality of student written work. Check with your professor for access and use instructions.
The Strayer Policies link on the navigation bar in the online course shell contains academic policies. It is important that students be aware of these policies.
Need Help; MGT 500 – Modern Management
Business Paper
Business Paper
- Part I: Transportation Regulations and Policies
- Define the goal
- Explain the relevance
- National security
- Public safety
- Environment
- Unrestrained competition
- Part II: Transportation Methodologies
- Economic viability
- Practical use
- Applications in domestic and global markets
- Part III: Warehousing and Distribution
- Principles
- Design
- Storage and handling
- Information systems and information technology
- Third-party logistics providers (3PL)
- Part IV: Inventory Management
- Inventory functions for intermediate and final products
- Packaging techniques
- Part V: Future Opportunities
- Write a final summary about the future opportunities of your company and your recommendations.
- How can it measure its success in the future?
- How will it help in gaining new customers?
- What are the next steps?
- Write a final summary about the future opportunities of your company and your recommendations.
Homework Help- Competitive Advantage Paper
Homework Help- Competitive Advantage Paper
Resources: Riordan Virtual Organization and Environmental Scan Paper
Use the Riordan Virtual Organization and research from last week’s Environmental Scan Paper for this assignment.
- Decide which competitive advantages Riordan has in common with the companies researched last week, (2 pts) and estimate which competitive strategies Riordan could use to improve innovation and sustainability of business operations both in the United States and in the global market.(2 pts)
- Explain why you chose these competitive strategies (2 pts)and estimate how they might affect sustainability of long-term organizational performance.(2 pts)
- Explain how the global market would affect the business strategy of Riordan.(2 pts)
EACH PORTION IS NO LESS THAN 180 WORDS AND NO MORE THAN 200.
Individual Assignment
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Individual Assignment
The purpose of this assignment is to provide the students the opportunity to carry out the full scope of a Statistical Process Control procedure, on a real-world business process of their own choosing. The assignment, and the deliverable report, comprise the following parts.
Process: Describe a business and a business process you have chosen for this assignment. You can use ideas from the examples covered in class or the end-of-chapter problems. Be sure that you can gain thorough knowledge of the process and that you have access for data collection through observation or by taking measurements. [10 marks]
CTQ: Describe a critical-to-quality characteristic of the output of the process, which could be either a product or a service. Explain why such characteristic is critical, in your judgement. [10 marks]
SPC Type: Inform and justify your selection of an appropriate SPC type for controlling the CTQ of your choice. [10 marks]
Data: Collect appropriate sample data for the CTQ variable or attribute, as well as the sampling plan you have adopted. Depict your data in a tabular form. [10 marks]
Analysis: Calculate SPC parameters, and construct the control chart(s) by plotting. Represent you sample data on the charts. [20 marks]
Conclusion: Discuss the control charts you have constructed and draw conclusions with respect to process stability. [10 marks]
Recommendations: Given the state of the process, which you have investigated, what improvement recommendations you can offer to the process owner or operator? Your analysis will be expected to apply critical thinking and understanding of the subject. [20 marks]
Style: Your report must be prepared per APA format, be concise, business-like, proof-read and to the point. Excluding cover sheet, your paper should be 3 pages. Additional penalties will apply for grammatical or spelling errors. [10 marks]
Please upload one single file to the designated drop box on UCW’s Moodle-TurnItIn platform, before due date. Late submissions will be declined.
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Business Strategy Differentiates in an Organization
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Business Strategy Differentiates in an Organization
A brief explanation of Porter’s four competitive strategies.
o A brief explanation of how competitive strategy determines value chain structure.
Identify and discuss the competitive strategy that the organization you researched utilizes in order to differentiate them from other organizations in the same industry.
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Assessment item 2 Case Study
Assessment item 2
Assessment Item 2 Value: 25%
Due date: 16-Aug-2016
Task
Examine the following case study:
http://www.finance.nsw.gov.au/ict/resources/nsw-government-digital-information-security-policy
- Use a diagram (produced by the means of using Rationale, Visio or any other relevant software application of your choice) to illustrate current security risks and concerns considered by the NSW government.
- Provide detailed explanation of the diagram and identify the areas of: high, medium, medium-low, and low risk exposure.
- Carry out comparative analysis of the Deliberate and Accidental Threats and rank those threats in order of importance. Justify your rankings not only on the basis of the case study but also by the means of doing further research and drawing upon other relevant case studies (e.g. Security guidelines for other private and public organizations) that you can identify.
- While drawing upon theories, tools and patterns covered in the subject (e.g. ‘’thinking in zones’’ concept) as well as your own research, explain the challenges that the NSW government is going to face while deciding on whether security/risk management should be carried out internally or externally (e.g. via outsourcing).
- Explain the difference between the concepts of ‘’Risk’’ and ‘’Uncertainty’’ (make sure that your discussion is linked to the case considered).
- Discuss and evaluate (with examples) different approaches available to the NSW government for risk control and mitigation.
Marking criteria:
Criteria | HD | DI | CR |
Question 1 -Correctness,explanation,
figures, grammar |
Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake. | Answer is correct and a detailed explanation is provided. References are used. No/only a fewgrammatical or spelling mistakes. | The answer is correct, but theexplanation is not complete. Very few references are used and not formatted appropriately. |
Question 2 -Correctness,explanation,
figures, grammar |
Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake. | Answer is correct and a detailed explanation is provided. References are used. No/only a fewgrammatical or spelling mistakes. | The answer is correct, but theexplanation is not complete. Very few references are used and not formatted appropriately. |
Question 3 -Correctness,explanation,
figures, grammar |
Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake. | Answer is correct and a detailed explanation is provided.References are used. No/only a fewgrammatical or spelling mistakes. | The answer is correct, but theexplanation is not complete.Very few references are used and not formatted appropriately. |
Question 4 -Correctness,explanation,
figures, grammar |
Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake. | Answer is correct and a detailed explanation is provided. References are used. No/only a fewgrammatical or spelling mistakes. | The answer is correct, but theexplanation is not complete. Very few references are used and not formatted appropriately. |
Question 5 -Correctness,explanation,
figures, grammar |
Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake. | Answer is correct and a detailed explanation is provided. References are used. No/only a fewgrammatical or spelling mistakes. | The answer is correct, but theexplanation is not complete. Very few references are used and not formatted appropriately. |
Question 6 -Correctness,explanation,
figures, grammar |
Answer is correct, and complete. Comprehensive explanation is provided with appropriate example. Figures (if appropriate) were used and. Appropriate reference style is used. No grammatical or spelling mistake. | Answer is correct and a detailed explanation is provided. References are used. No/only a fewgrammatical or spelling mistakes. | The answer is correct, but theexplanation is not complete. Very few references are used and not formatted appropriately. |
Presentation
Note: Marks will be deducted for poor spelling and grammar or incorrect referencing style: Incorrect or poor spelling and grammar (up to -5 marks)
Incorrect use of APA referencing style (up to -5 marks)
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Econ 281: Summer Wall Street Program Summer 2016
Econ 281: Summer Wall Street Program Summer 2016
By Profs. Tomljanovich and Sarolli
Research Paper: Handout 1
Outline:
- Choosing a Topic
- Gathering Data
The research paper that you will write this term will be a challenge. It will force you to come up with an original issue to analyze, a daunting task for professional economists! It will force you to truly understand an area of financial markets in minute detail. You will have to scrounge the library and Internet for any information, whether main or tangential, that pertains to your topic. Chances are, however, that you will enjoy it. Besides of choosing an issue that interests you, rather than having me choose one at random, you will put more effort (of your own choosing) into the project. You will also gain valuable research and writing experience, skills that will aid in college classes and in other areas of life. Finally, financial knowledge never hurts anyone – only financial ignorance does.
Let me start with a few ground rules. Two weeks past the last day of the program, no later than Friday, July 8th at 5:00pm, you will send me this project via email. It will be approximately fifteen typed pages (about 3,000 words. Don’t single-space the paper, with ¼ inch margins just so it fits on twenty pages!); this number can include graphs and tables, though it is permissible to go over twenty pages if you have included copious graph/tables. If you do not turn in the final draft of your paper by the deadline stated above, you will receive a zero, and will most definitely fail the program.
Choosing a topic
a) Choosing a topic can be daunting, just because the choices in subject matter are overwhelming. Banking and financial markets encompass so many aspects of our life and culture, from the mundane and highly local to international in scope. Keep in mind that I would like you to choose a topic that interests you, not a topic that you may think interests me. Some of the best projects that I have read have been on subjects about which I previously knew nothing. Here is a small sample of topics (actual student Wall Street semester papers):
The end of the NYSE? Electronic Trading and the Future of Financial Markets
- Dishonesty and Discrimination in Financial Markets
- Playing Close to the Hedge: An Overview of Hedge Funds, Hedge Fund Failures, and Hedge Fund Regulation
- Risk Aversion in Financial Markets
- Capital Controls: The Development of the World’s Dominant Financial Centers
- Predatory Lending and the Happy Homeowner
- Deconstructing the Asian Financial Crisis and Mexican Peso Crisis
- LBOs and Private Equity Groups
- Overregulation in the United States Financial Markets
- The Best of Both Worlds: NYSE’s Commitment to Ongoing Success
- The Sarbanes-Oxley Act: Why It Was Needed and What It Entails
- Private Equity: Angel or Barbarian?
- Inside the Scandal: A Closer Look at Insider Trading and Its Market Effects
- Argentina: What Caused the 2003 Implosion?
- Market Globalization: Links between the stock markets of the U.S., Britain, and Japan
- How do Hedge Funds Affect Financial Markets? Insight and Analysis
- International Lending and Its Effect on Sub-Saharan Africa
- The effect of financial markets on global economic development (focus on India’s Grameen Bank)
- The effect of financial markets on local economic development (ie: Red Bulls stadium, new Yankees stadium, etc.)
- A Parasitic or Symbiotic Relationship? The Federal Reserve System and Wall Street
- How the Great Depression still affects America Today
- Are Big Corporate Wall Street Mergers good for America?
- Does International Agency Lending Help or Hurt Developing Countries? The World Bank under a Magnifying Glass
BE ORIGINAL!! (Do NOT limit yourself to one of these topics!)
1. b) Bibliography
Once you have chosen a topic, you need to conduct a literature search. You need to find out what other people have written on the subject. There will ALWAYS be some papers that relate to your topic, no matter how indirectly. Trust me on this one. Come talk to me if you can find no hint of useful materials.
The first step to this process is to go into an electronic database called EconLit. From an Internet browser such as Mozilla, go to the Drew Library home page (available from Drew’s main page – just choose Drew Community at the top of the page). Go to Research >> Online Resources >> Economics (under ‘Social Sciences’) >> EconLit. Then, follow the instructions in the database to conduct a search (keywords, etc.) One useful property of EconLit is that you can email the results of your search to your account. Even better, most of the journal articles that you find will be downloadable in .pdf format. It may turn out, depending on your topic, that you will not have to visit the library at all! (unless you are focusing on an issue that is more historical in nature)
Other online resources include online journal and news articles. To get to these links from the Drew Library home page, go to Research >> Online Resources >> Economics (under ‘Social Sciences’ >>
Proquest – though it contains fewer ‘real’ economics articles, there are many online business articles here, dating back to the mid-1980s. These would be good to motivate your topic, especially in the introduction.
Business Source Premier – roughly similar to Proquest, but a) it includes business journal articles, and b) it goes back to the 1960s
Lexis-Nexis Academic – contains full-text versions of articles from almost every U.S. newspaper.
One very important note: make sure that a portion of your bibliography (at least three, and preferably five or more citations) consists of articles from books and professional journals, such as the Journal of Monetary Economics or American Economic Review. I won’t accept a bibliography consisting solely of articles from Time, Newsweek and Yahoo. This is economics! You need some semblance of models, not gossip from a chat room!
You must turn in your topic proposal (which should begin with a sentence stating the facet of banking and/or financial markets you have chosen to analyze, and a one-paragraph, more detailed explanation below) by the evening of Monday, June 20.
- c) Outline: Suffice to say, everyone’s paper will be quite different. Therefore, a generic outline will hardly help many of you. But I offer one anyway, so that you may get a handle on how to study your issue.
Introduction (state issue and why it is of importance)
- Background (here you will want to go into the history of the subject. For example, if you are looking at how the equity market structures of the U.S. and Canada differ, you would want to talk about the creation of these institutions in the eighteenth and nineteenth centuries, as well as how the two sets of systems have withstood financial turmoil)
- The Issue at Hand – an explanation of the current issue
- Policy Recommendations (or how you see the issue changing in the future, ie: the future of the U.S. equities markets)
- Conclusion (just a wrap-up of what you have talked about in the past ten pages)
2) Data
You WILL be required to analyze and discuss financial data in your project! More about this, including data sources, will be forthcoming.
Deadline (once again):
Deadline: Friday, July 8 ; 5 PM.
Buy BUSI 101 – Introduction to Business – Summer I 2016
Buy BUSI 101 – Introduction to Business – Summer I 2016
Research Project & Presentation Overview: For this assignment you are required to research, and write a report detailing the setting up and the running of a successful business in the UAE. You will be required to work in groups of 3 students in order to complete this assignment.
Business selection: Details for this assignment and guidance on writing the report are provided below. The business should be selected in consultation with all team members. Please note that you must obtain instructor approval prior to beginning work on your project.
DUE DATE: June 15,
Research Project & Presentation Overview: For this assignment you are required to research, and write a report detailing the setting up and the running of a successful business in the UAE. You will be required to work in groups of 3 students in order to complete this assignment.
Business selection: Details for this assignment and guidance on writing the report are provided below. The business should be selected in consultation with all team members. Please note that you must obtain instructor approval prior to beginning work on your project.
DUE DATE: June 15, 2016
The team presentations will be 15 minutes in length (+5 minutes Q&A) on June 20, 2016. Every member of the group should participate in presenting the paper. Moreover, please note attendance during all presentations is mandatory. Failure to attend will result in loss of marks. Research Project. Task and Requirements You are required to write a report detailing the steps involved in setting up a new business, starting with a Business Plan and Feasibility for
The team presentations will be 15 minutes in length (+5 minutes Q&A) on June 20, 2016. Every member of the group should participate in presenting the paper. Moreover, please note attendance during all presentations is mandatory. Failure to attend will result in loss of marks. Research Project. Task and Requirements You are required to write a report detailing the steps involved in setting up a new business, starting with a Business Plan and Feasibility for successful launch of the business. Produce a PowerPoint presentation that will last a maximum of 15 minutes (plus 5 minutes for Q&A). Your research questions/topic must be clear and focused. You should take into account your own interests, as this will make the assignment much more personal and interesting for you. You should strive to make your presentation as engaging as possible. Try not to read off a note card or off the slide. Make eye-contact. Ideas for content and structure of the Project Report and Presentation (but not necessarily limited to) are: A Business Plan Research: Demand for the Product/Service Name of your Business Type of Product/ Service Why you chose this type of business and its product or service Details of existing and potential competition. Resource Requirements: human, skill sets of potential employees, management needs etc. Organizational Structure Suppliers/Raw Materials Business Financials including projected revenue and anticipated timelines/ forecast for profit. Expected Costs (both fixed and variable) for e.g. business expenses, salaries, suppliers, marketing expenses etc. Present the Business Plan to potential investors/ lenders to raise funds and finance. Marketing Strategy for product placement, positioning and publicity campaigns. How to differentiate your product/service from the competition. Regulation / compliance and legal requirements for setting up your business. Threats/weaknesses and strengths/opportunities to consider. Bibliography and References in Alphabetical order. Work cited should show a variety of reliable sources used and not limited to just internet articles. Obtaining instructor approval: a. Once your group has agreed on a business, you must delegate ONE group member who will be responsible for informing the instructor of the group’s choice. Email choice to instructor. b. Have at least one alternative choice – in case the first choice is not approved, or another group has selected it. Writing the report The report should represent the combined efforts of all group members. Report should include: i. Title page: title of paper, authors, date ii. Abstract page: • The abstract page should be a coherent summary of the whole report. It should provide the reader with a clear understanding of the report without having to look at any other part of the report. iii. Body of the paper: In the body of the paper you should: • Identify/discuss why the selected business is important • Show substantive knowledge relevant to the business • Show and apply your knowledge of research relevant to the business as well as knowledge from class lectures and discussions. iv. Recommendations/conclusion v. Reference page Tables/Figures/Appendices • Appendix: At a minimum, your paper will have to have one appendix. The appendix should include a list of every group member’s contribution to the report (e.g., person x –section xyz, person y- editing, and person z – research and gathering data, etc.). Note: The project grades are generally the same for all group members. However, in the event considerable differences in effort/input are observed, the instructor reserves the right to assign individual grades. In other words, each group member may be held accountable for his/her unique contribution to the project. Editing: i. After all sections have been expanded upon, the report should undergo several revisions. Make sure the entire report is appropriately edited (e. g., all grammatical errors are corrected, etc.) and that there are no differences in writing style between the various sections of the report. ii. The length of the report should be between 10 and 12 pages of content (i.e., this excludes first page, abstract page, reference pages, appendices, etc.). iii. Other formatting considerations: paper must be typed using Times New Roman, 12-point font, and double-spaced.
4. Report Submission: Both a soft copy AND a hard copy should be posted on Blackboard/handed in on or before the due date (June 15, 2016). Should you have any specific questions regarding the project, please make sure to contact your instructor prior to the due date. Thank you!
Research Project & Presentation Overview: For this assignment you are required to research, and write a report detailing the setting up and the running of a successful business in the UAE. You will be required to work in groups of 3 students in order to complete this assignment. Business selection: Details for this assignment and guidance on writing the report are provided below. The business should be selected in consultation with all team members. Please note that you must obtain instructor approval prior to beginning work on your project. DUE DATE: June 15, 2016 The team presentations will be 15 minutes in length (+5 minutes Q&A) on June 20, 2016. Every member of the group should participate in presenting the paper. Moreover, please note attendance during all presentations is mandatory. Failure to attend will result in loss of marks. Research Project. Task and Requirements You are required to write a report detailing the steps involved in setting up a new business, starting with a Business Plan and Feasibility for successful launch of the business. Produce a PowerPoint presentation that will last a maximum of 15 minutes (plus 5 minutes for Q&A). Your research questions/topic must be clear and focused. You should take into account your own interests, as this will make the assignment much more personal and interesting for you. You should strive to make your presentation as engaging as possible. Try not to read off a note card or off the slide. Make eye-contact. Ideas for content and structure of the Project Report and Presentation (but not necessarily limited to) are: A Business Plan Research: Demand for the Product/Service Name of your Business Type of Product/ Service Why you chose this type of business and its product or service Details of existing and potential competition. Resource Requirements: human, skill sets of potential employees, management needs etc. Organizational Structure Suppliers/Raw Materials Business Financials including projected revenue and anticipated timelines/ forecast for profit. Expected Costs (both fixed and variable) for e.g. business expenses, salaries, suppliers, marketing expenses etc. Present the Business Plan to potential investors/ lenders to raise funds and finance. Marketing Strategy for product placement, positioning and publicity campaigns. How to differentiate your product/service from the competition. Regulation / compliance and legal requirements for setting up your business. Threats/weaknesses and strengths/opportunities to consider. Bibliography and References in Alphabetical order. Work cited should show a variety of reliable sources used and not limited to just internet articles. Obtaining instructor approval: a. Once your group has agreed on a business, you must delegate ONE group member who will be responsible for informing the instructor of the group’s choice. Email choice to instructor. b. Have at least one alternative choice – in case the first choice is not approved, or another group has selected it. Writing the report The report should represent the combined efforts of all group members. Report should include: i. Title page: title of paper, authors, date ii. Abstract page: • The abstract page should be a coherent summary of the whole report. It should provide the reader with a clear understanding of the report without having to look at any other part of the report. iii. Body of the paper: In the body of the paper you should: • Identify/discuss why the selected business is important • Show substantive knowledge relevant to the business • Show and apply your knowledge of research relevant to the business as well as knowledge from class lectures and discussions. iv. Recommendations/conclusion v. Reference page Tables/Figures/Appendices • Appendix: At a minimum, your paper will have to have one appendix. The appendix should include a list of every group member’s contribution to the report (e.g., person x –section xyz, person y- editing, and person z – research and gathering data, etc.). Note: The project grades are generally the same for all group members. However, in the event considerable differences in effort/input are observed, the instructor reserves the right to assign individual grades. In other words, each group member may be held accountable for his/her unique contribution to the project. Editing: i. After all sections have been expanded upon, the report should undergo several revisions. Make sure the entire report is appropriately edited (e. g., all grammatical errors are corrected, etc.) and that there are no differences in writing style between the various sections of the report. ii. The length of the report should be between 10 and 12 pages of content (i.e., this excludes first page, abstract page, reference pages, appendices, etc.). iii. Other formatting considerations: paper must be typed using Times New Roman, 12-point font, and double-spaced. 4. Report Submission: Both a soft copy AND a hard copy should be posted on Blackboard/handed in on or before the due date (June 15, 2016). Should you have any specific questions regarding the project, please make sure to contact your instructor prior to the due date. Thank you!
BUS 206 – Exam 4 – Take home – Summer 2016 – Term A
- BUS 206 – Exam 4 – Take home – Summer 2016 – Term A
Essay
- Max plots a new Batman adventure and carefully and skillfully imitates the art of DC Comics to create an authentic-looking Batman comic. Max is not affiliated with the owners of the copyright to Batman. Can Max publish the comic without infringing on the owners’ copyright?
- On May 1, Brand Name Industries, Inc. (BNI), sent Carol a letter, via overnight delivery, offering to employ her to audit BNI’s financial statements for the current year for $1,000. In the letter, BNI stated that Carol had ten days to accept. On May 5, Carol sent BNI a fax that stated, “The price for the audit seems too low. Would you consider paying $1,200?” BNI received the fax. The next day, Dan offered to conduct the audit for $800. On learning of Dan’s offer, Carol immediately e-mailed BNI, agreeing to do the work for $1,000. BNI received this e-mail on May 7. Explain why BNI and Carol do, or do not, have a contract.
- Omega, Inc., sells business application software¾accounting and bookkeeping programs, blank business forms, inventory control functions, and so on¾in different combinations, in different packages, at different prices. Each package includes a shrink-wrap agreement that limits warranties and remedies. Precision Engineering Associates (PEA) buys an Omega package and uses the product. Later, PEA files a suit against Omega, claiming that the software is flawed and that the flaws caused PEA to suffer business losses. PEA asks for relief that exceeds the limits in the shrink-wrap agreement. What are shrink-wrap agreements? Are these agreements always enforced? Under what circumstances is a court likely to enforce this agreement?
- Ed, a businessperson, is a friend of Fran, the owner of a candy store. Every day, Ed spends five minutes in Fran’s candy store, looking at the candy and usually buying one or two candy bars. One afternoon, Ed goes into the store, looks at the candy, and picks up a $1 candy bar. Ed waves the candy at Fran without saying a word and walks out. Is there a contract? If so, how would it be classified in terms of formation, performance, and enforceability?
- On May 1, Local Cartage Company and Modern Computers, Inc., orally agree that Local Cartage will pick up from National Chip Corporation and deliver to Modern Computers’ manufacturing plant a certain number of computer chips on each Monday in May. Under the agreement, Modern Computers will pay for the delivery services on June 1. On May 1, is this contract express, implied in fact, or implied in law? On May 31, after all of the deliveries have been made, is the contract executed or executory?
- Flossy promises to pay her cousin Garth, who is dangerously obese, $10,000 if Garth loses 100 pounds within the next two years. Garth agrees, performs his part of the bargain, and asks for the money. Flossy refuses to pay, saying that she forgot about the deal, but that even if she did make such a pledge, there was no valid consideration for it. Garth files a suit against Flossy. In whose favor is the court likely to rule, and why?
- Real Estate Investments, Inc., owns and manages an office building. Secure Insurance Company agrees to lease the building for five years. Under the lease, Secure is obligated to pay all of the utility costs. Two years into the term, Secure asks Real Estate to modify the lease to provide that the utility costs be split equally between them. Real Estate agrees, but later decides it does not want to share the costs and refuses to pay. Is the landlord bound to its agreement to share the utility costs? Why or why not?
Business Skills
Week 4 Lesson
Business Skills
Introduction
With the current economic climate of healthcare, the nurse executive needs to be proficient in the management of fiscal and human resources. A key component of the nurse-executive role, as identified by the American Organization of Nurse Executives (AONE) Nurse Executive Competencies (AONE, 2005) is business skills. Business skills encompass both financial management and human-resource management. The first step in either area is an assessment of the resources of the organization, the strategic plan for the organization, and current needs of the organization. Without this assessment, the nurse executive cannot effectively develop and manage resources.
Budget
“What is a budget? In simple terms, a budget is a statement of a financial plan over a period of time. A budget provides guidance on how the resources of an institution will be used to meet its strategic plan. The organization’s financial performance is measured against the budget. In some healthcare institutions, middle- and upper-level managers’ performance appraisals and incentives are aligned with the fiscal performance of the institution.
Budgeting Process
The nurse executive will start the budgeting process by comparing the actual results of the prior fiscal year with the proposed budget of that year. This review also involves an evaluation of the outcomes of the strategic plan against the budget. The next step in the process is to review the current strategic plan, determine the resources needed to meet the goals for patient care, and establish the needs of the nursing department. To accomplish that step, the nurse executive must have, at minimum, the following data: patient days, patient acuity, length of stay, staffing model, staff mix, number of open positions by level, number of anticipated vacancies by level, cost of agency staff by unit, projected salary increases and bonuses, cost of staff benefits, educational needs of the staff in the upcoming fiscal year, and anticipated nonproductive staff time. Other information that will be crucial to the budgeting process will include any anticipated regulatory changes, regulatory surveys anticipated for the fiscal year, status of equipment on nursing units, and anticipated changes in reimbursement. The nurse executive cannot develop the budget in isolation. Input by nurse managers, unit directors, the finance department, and the human resource department is critical to a successful budget development cycle.
Calculating a Salary Budget
The salary budget is generally the largest element in the budget of the organization. The salary budget is established by determining the number of full-time-equivalent (FTE) staff needed for the fiscal year. To prepare a salary budget, the first step is to figure out the volume of work for the coming year. The amount of work performed by a unit/department is referred to as the workload. Workload can be measured in a variety of ways, such as the number of patient days, number of outpatient visits, and number of operations per day. Each cost center determines the measure that is most appropriate for its unit of service. The next step of the budget process will be to predict the number of units of service that will be provided the coming year. This is usually based on the past year’s number of units, plus a predicted incremental increase for the coming year, based on population increases and needs.
Budgeting is based on a patient-classification system, which is the amount of resources used related to different levels or categories of patient acuity. For example, let’s say that a certain cardiac-observation unit is forecasting 12,500 patient-days for the coming year. Assume that this unit classifies these 12,500 patients into one of four categories: category one being fewest resources used or lowest acuity; and category four being most resources used or highest acuity patients. Assume that, for category one, the average-patient-care-hours equals 1.5 hours of nursing care provided to these patients during a 24-hour period; for category two, 5.0 care hours; for category three, 8.0 care hours; and, for category four, 12.0 hours of nursing care is provided to these patients during a 24-hour period. Hours-per-patient-day (HPPD) is the number of hours of nursing care delivered per patient. To calculate HPPD, the total-care-hours required for the year is divided by the number of patient days.
Calculating Hours Per-patient-day
- Establish Hours-Per-Patient-Day (HPPD)
- Calculate the total-care-hours required for the year:
# of Patient Days X Average Care Hours/24 Hours = Total Care Hours
1 1,000 1.5 = 1,500
2 2,500 5.0 = 12,500
3 4,000 8.0 = 32,000
4 5,000 12.0 = 60,000
12,500 106,000 total-care-hours needed
- Calculate the hours-per-care-per-patient-day (HPPD):
Total-Care-Hours Required for the Year / Number of Patient Days
106,000 / 12,500 = 8.48 care hours
Thus, for this cardiac observation unit, an average of 8.48 nursing-care hours are provided to patients per a 24-hour period. Once the manager has the workload forecasted, the next step is to determine the staff requirements for the unit. Staff mix varies from hospital to hospital and may consist of RNs, LPNs, and aides. The manager needs to determine how many full-time equivalents (FTEs) will be required to provide patient care. One FTE is equivalent to 2,080 hours per year (40 hours per week times 52 weeks). A 0.9 FTE is equivalent to 36 hours per week; a 0.6 FTE is equal to 24 hours per week. If the manager calculated FTE requirements by dividing total-care-hours by 2,080 to determine the number of FTEs for the unit, this would underestimate the needed FTEs. This calculation would assume that all 2,080 paid hours were worked by the staff member. However, employees take vacation time, sick leave, and educational days—which are nonworked time, or nonproductive hours. Instead, we must relate to productive hours rather than paid hours. Data on nonproductive hours are generally provided by the institution’s payroll department and equal between 15–20% of paid hours. In our example, let’s say that productive hours equal 85% of the employee time worked, which would equal 1,768 productive hours.
FTE Calculation
- Apply HPPD to Census and Determine Full-Time Equivalents (FTEs)
- Determine FTE requirements for number of expected patient -care hours:
Total Care Hours /1,768 productive hours per FTE
(1,768 = 85% of 2,080; 40 hours per week X 52 weeks per year = 2,080; less vacation, sick, education time)
106,000 / 1,768 = 59.95 FTEs = 60 FTEs
Next, the manager must determine how to allocate the number of FTEs per position type and shifts. To calculate how many staff members will be working every day, first determine the number of care hours that are required per day.
Staff Requirements
- Establish Positions by Type and Shift
- Calculate number of staff required per 24-hour period:
Divide total care hours by 365 days per year
106,000 / 365 = 290 hours of care per day
Assuming employees work 12 hour shifts:
290 / 12 = 24.2 shifts per 24-hour period
Let’s say in our example, 80% of the shifts are allocated to RNs and 20% to aides. Assume that 50% of the RN/aide shifts are for day shift (7a–7p) and 50% for the night shift (7p–7a).
Staff Requirements Continued
- b. Assign staff by type:
80% RN staff; 20% aides
.80 X 24.2 = 19.4 RN shifts → 20 RN shifts
.20 X 24.2 = 4.8 aide shifts → 4 aide shifts
24.2 24
- Assign staff by shift:
Day Shift Night Shift Total
50% 50%
RNs 9.7 → 10 9.7 → 10 19.4 → 20
Aides 2.4 → 2 2.4 → 2 4.8 → 4
24.2→24
To establish staff positions, it is important to calculate the relationship between shifts per day and FTEs. This is the point where replacement is accounted for as well assuring that the unit is covered 24/7—the number of staff who are needed to the number of FTEs to be employed.
Staff to FTE
- Convert Staff Positions to FTE Positions
- Calculate FTEs by type and shift:
Divide total FTEs required by the 24.2 daily staff shifts
59.95 / 24.2 = 2.48
Each person-shift calls for employing 2.47 FTEs. An adequate number of FTEs are needed to provide coverage for the other 3–4 days out of the week, vacation, sick time, and education time.
Multiply 2.47 by the staff type needed per shift.
RNs days = 2.48 X 10 = 24.8
RNs nights = 2.48 X 10 = 24.8 (50 RNs)
Aides days = 2.48 X 2 = 4.96
Aides nights = 2.48 X 2 = 4.96 (10 aides)
59.5 FTEs = 60FTEs
Variances
Variance analysis is the difference between the actual results and the planned results, or the amount by which the results vary from the budget. Variances are calculated for three reasons. One is to aid in preparing the budget for the coming year and future planning. The second reason is to aid in controlling results throughout the current year. By understanding why variances are occurring, actions can be taken to eliminate some of the unfavorable variances over the coming months. The third reason is to evaluate the performance of units or departments and their managers.
At the end of a given time period, the organization compares actual results with the budget. Most organizations do this on a monthly basis. The simplest approach is to compare the total costs for the entire organization with the budgeted costs for the organization. For example, suppose a hospital incurred $5 million in expenses and was budgeted for $4 million in expenses for the year; the organization spent $1 million more than it had budgeted. The difference between the amount budgeted and the amount actually incurred is the total hospital variance. This variance is referred to as an unfavorable variance because the organization spent more than was budgeted.
The volume variance is defined as the amount of variance caused simply by the fact that the patient volume has changed. For example, if the budget calls for 25,000 patient days, and there were actually 30,000 patient days, it would be expected that it would be necessary to spend more to care for the additional 5,000 patients. The additional cost of resources needed to care for the additional 5,000 patients constitutes the volume variance.
The price variance is the portion of the total variance caused by spending more or less per unit—for some resources—than had been anticipated. For example, if the average wage rate for nurses is more per hour than was anticipated with the use of agency nurse or overtime, it would give rise to a price variance. Price variance could also be related to supplies. The purchasing department predicts all prices used for supplies; if there is a variance, this may be related to paying higher prices than anticipated for patient supplies.
The third type of variance is the quantity variance. This portion of the overall variance for a particular line item that results from using more of a resource than was expected for a given work load. For example, if more supplies were used per patient day than expected, that would give rise to a quantity variance, because the quantity, or number, of supplies used per patient day exceeded expectations. Basically, this variance focuses on how much resources were used. If more nursing care resources were used per patient than was budgeted, this would translate into greater hours-per-care per patient.
Flexible Budget Variance
Suppose that during the month of May, the 2nd-floor critical-care unit (CCU) at Wagner Hospital incurs a total variance of $57,840U (unfavorable). The unit manager of the CCU is extremely concerned and wants to find out what caused the variance. To do so, the manager gathers the following information for the month of May: patient days (actual and forecasted), average pay rate for nurses, and the budgeted hours-per-patient-day.
BPi = budgeted price—$33.00 per-hour budgeted nursing rate
BQi = budgeted quantity—12.0 hours- per- care per patient
BQo = 240 budgeted patient days
APi = $42.00 per-hour actual nursing rate
AQi = 14.0 actual hours-per-care per patient
AQo = 260 actual patient days
Suppose that the CCU had the following line item in their variance report for the month of May:
Actual Budget Variance
Nursing Labor $152,880 $95,040 $57,840 U
- The first step for the manager is to calculate the original budget in terms of cost per patient day. In order to calculate cost per patient day, the manager multiplies the budgeted price by budgeted quantity: $33.00 X 12.0 = $396 per patient day. For the month of May, 240 patient days are expected, and the budget is: $396 X 240 = $95,040.
Original Budget
BPi X BQi X BQo
$33 X 12.0 X 240
$95,040
- The next step for the manager is to find the change in volume of the flexible budget. This is the amount the manager would have expected to spend if the actual number of patient days would have been known. The only change at this point is from BQo of 240 patient days to the new AQo of 260 actual patient days. The manager calculates the flexible budget as follows.
Flexible Budget
BPi X BQi X AQo
$33 X 12.0 X 260
$102,960
Then, the manager compares the original budgeted amount to the flexible budgeted amount to determine the volume variance.
Flexible Budget Original Budget
BPi X BQi X AQo BPi X BQi X BQo
$33 X 12.0 X 260 $33 X 12.0 X 240
$102,960 $95,040
Volume Variance
$7,920 U
The difference between the original budget and the flexible budget is caused by a difference in the number of patient days. The volume variance is 7,920 U. Since patient days are higher than expected, cost will be higher than expected. However, the manager notes that $49,920 of the variance still remains to be unaccounted for.
- At this point, the manager compares the flexible budget to the actual budget in order to find the flexible-budget variance. The actual hours-per care, the actual average-price paid-per=nurse, and the actual number- of-patient-days are used.
Actual Budget Flexible Budget
APi X AQi X AQo BPi X BQi X AQo
$42 X 14.0 X 260 $33 X 12.0 X 260
$152,880 $102,960
Flexible Budget
Variance
$49,920 U
- The manager is simply breaking down the total variance into parts. Next, the manager combines the volume variance with the flexible-budget variance to determine the total variance.
Actual Budget Flexible Budget Original Budget
APi X AQi X AQo BPi X BQi X AQo BPi X BQi X BQo
$42 X 14.0 X 260 $33 X 12.0 X 260 $33 X 12.0 X 240
$152,880 $102,960 $95,04
Flexible Budget Volume
Variance Variance
$49,920 U $7,920 U
Total Variance
$57,840 U
At this point, the total variance has been broken down into a flexible-budget variance and volume variance. The flexible-budget variance is of greater concern to the nurse manager. The volume variance is from changes in patient days and is usually outside of the manager’s control.
- In order to find out what is causing the greatest variance in the flexible budget, the manager separates the budget into two pieces: the price variance (average nursing rate per hour) and the quantity variance (hours per care). First, the manager determined if any part of the variance in the flexible budget was caused by differences in the quantity—or, nursing-care hours. In other words, did the added patient days have an effect on the quantity of nursing time per patient? To do this, a new budget category is created, called the subcategory. The subcategory is compared to the flexible budget—which equals the difference between actual patient-care hours compared to the patient-care hours that were budgeted. The AQo is the actual volume for both categories. The BQi is the budgeted price-per-hour-of-nursing- time. The only difference between the two categories is the AQi, or the patient-care hours.
Subcategory Flexible Budget
BPi X AQi X AQo BPi X BQi X AQo
$33 X 14.0 X 260 $33 X 12.0 X 260
$120,120 $102,960
Quantity Variance
$17,160
The quantity variance, or hours per care, was related to the patient population being more acuity ill, thus requiring more patient-care hours, and usage of agency personnel who were not as efficient in caring for patients due to their unfamiliarity with the institution.
Second, the manager determines if some part of the flexible-budget variance was caused by differences in nursing-rate per hour. The Qi, or quantity (patient-care hours), is the actual value for both. The Qo, or the volume, is the actual value for both. The price is the only difference. Thus, to calculate the price variance, compare the subcategory to the actual budget—this is the difference between the average hourly rate paid to nurses versus the average hourly rate budgeted.
Actual Budget Subcategory
APi X AQi X AQo BPi X AQi X AQo
$42 X 14.0 X 260 $33 X 14.0 X 260
$152,880 $120,120
Price Variance
$32,760
The price variance of $32,760 results from the fact that, on average, $42 was paid per hour for nursing time instead of the budgeted $33. This was due to an excessive amount of overtime and use of agency nurses due to a greater workload of patients and a nursing shortage (i.e., several senior nurses retired, several nurses changed units/hospitals/careers due to burn-out, and hospital has a policy to hire only seasoned critical-care nurses to work in their CCU).
- Finally, the manager incorporates the price and quantity variance together to note how they compromise the flexible-budget variance:
Actual Budget Subcategory Flexible Budget
APi X AQi X AQo BPi X AQi X AQo BPi X BQi X AQo
$42 X 14.0 X 260 $33 X 14.0 X 260 $33 X 12.0 X 260
$152,880 $120,120 $102,960
Price Variance Quantity Variance
$32,760 $17,160
Flexible Budget
Variance
$49,920
In conclusion, it can be determined that the total variance was caused by only a slight increase in patient volume, yet a higher acuity of patients—causing a greater usage of overtime and agency nurse utilization resulting in a higher average rate paid to nurses.
Actual Subcategory Flexible Budget Original Budget
APi X AQi X AQo BPi X AQi X AQo BPi X BQi X AQo BPi X BQi X BQo
$42 X 14.0 X 260 $33 X 14.0 X 260 $33 X 12.0 X 260 $33 X 12.0 X 240
$152,880 $120,120 $102,960 $95,040
Price Variance Quantity Variance
$32,760 $17,160
Flexible Budget Variance Volume Variance
$49,920 $7,920
Total Variance
$57,840
FTE Practice
FTE Calculations
Flexible Budget Variance Practice
Flexible Budget Variance Calculations
References
American Organization of Nurse Executives. (2005). The AONE nurse executive competencies. Retrieved from http://www.aone.org/resources/leadership%20tools/PDFs/AONE_NEC.pdf