Assignment Project Part 1: Project: Strategic Decision-making,
You use CVP analysis and create a balanced scorecard using various types of financial and non-financial measurements regarding multiple stakeholder perspectives to give a more balanced view of business performance.
You have the opportunity to conduct research that will enhance your value as an asset to the organization for which you work. Your critical thinking and credibility as a communicator of information are vital, much desired, skills. Recent research conducted by Kaplan University's School of Business and Information Technology establishes that critical thinking and credibility in written communications are the two most important skills needed to meet the demands of the changing global business environment.
Part 1: Note: This is Part 1 of the Project - A case study due in Unit 4 (Part 2 will be completed in Unit 5).
Part 1 of the Project, due at the end of this unit, requires you to complete an analysis and evaluation of a manufacturing organization. This evaluation will also provide the foundation for Part 2 of the Project. "The Organization" may be understood and used in three ways:
- One, you may use your own employer as the basis for the Project - IF your employer is a manufacturer, is appropriate to the Assignment and has the requisite information to support a graduate-level analysis. Use of an organization that is not appropriate may result in a diminished score. If you have any doubts, please contact your instructor for additional guidance.
- Another possibility would be to use a local manufacturing company willing to help you with your Project, even if you are not an employee.
- Next, if you are not employed, or if your employer is not appropriate to the assignment, you may select a different organization. You may use any organization of your choosing, but it must be appropriate to the Project.
Project Part 1 Checklist:
1. Begin with an introduction to the organization. Identify the company's manufacturing segment. Detail briefly the products manufactured by your organization, and the company's market niche and/or customer base.
2. Identify significant costs in your organization. Some of the topics to research and present about your organization would include, but not be limited to: (a) costs associated with environmental concerns, (b) cost behavior, (c) prevention costs, (d) appraisal (detection) costs, (e) internal failure costs, or (f) external failure costs.
3. Include a section devoted to Cost -Volume-Profit Analysis (CVP). Review Chapter 3 in your textbook. The level of detail you include in this section is flexible. But, make sure your analysis is related to actual financial data from the company. Suggested metrics might include the contribution margin, Degree of Operating Leverage (DOL), breakeven point, and others. IMPORTANT NOTE: If you are unable to access actual financial data for your organization, then that company would, by definition, be inappropriate for the assignment.
4. Discuss budgeting considerations. Include the organization's budget process, the organization's budget variances and discuss management decisions related to budgeting.
5. Based on independent research and additional textbook Readings, create a Balanced Scorecard, incorporating all four of the organizational dimensions (financial, customer, internal business (BSC), and learning and growth). Identify 2 or 3 critical success factors (CSFs) for each dimension, and evaluate and analyze your organization's performance in relation to these critical success factors. (To help you with this part, review the material found on pages 16 and 17 of the textbook. Additionally, read pages 590 to 599 in the textbook in Chapter 11). NOTE: Do not simply cut and paste a BSC collected from an on-line source. Create your own BSC. Exhibit 11.10 on page 599 demonstrates the proper BSC format.
6. Create (again, the term "create" is very important - do not simply cut and paste a version collected from an on-line source) a "strategy map" for your organization. Your organization's strategy map should resemble Exhibit 11.9, seen on page 596 of your textbook. Include an explanation for each element in your strategy map. One thing to particularly note - The BSC and strategy map must be aligned. Please compare Exhibits 11.9 & 11.10 on pages 596 and 599 in the textbook. Please note that the elements in the BSC & the strategy map are coordinated.
7. Finally, end with a summary review (A formal "Conclusion" section is required) of the performance evaluation. What are the key strengths and weaknesses of the organization? What changes would you recommend be made to the current organizational strategy?
- Evaluate the role of heuristics in managerial decision-making.
- Evaluate how heuristics may bias management decision-making related to the identification of Significant Costs, use of CVP Analysis, and the BSC/Strategy Map.
You should have a minimum of 9 and a maximum of 10 double-spaced pages not including the abstract, title page, and references pages required. Your properly formatted paper using APA 6th edition format with the appropriate running head and citation style will be evaluated for content, analysis, critical thinking, grammar, spelling, and punctuation. Therefore, be sure to proofread and then proofread again! Be certain that you do a "Spell and Grammar" check on your Project paper.
Include the appropriate use of headings and sub-headings. A good strategy will be to use the assignment rubric as a basic outline for headings and subheadings.
The 9-10 page minimum/maximum does not include the required title, abstract and reference list pages. Please do not incorporate enlarged type, extra line spaces, extra points at the end of a line, over-sized graphs and charts, or unusual margins to artificially inflate the page length.
NOTE: Do not use overly wordy phrases. DO use "economy of expression." Use concise and precise language that avoids slang or colloquial expressions.create a professional quality audio visual presentation in this Project that will enhance your value as an asset to your organization. Your critical thinking and credibility as a communicator of information are vital, much desired, skills
Project: Presenting to the Board of Directors
The audio portion will be the narrative you will be presenting as if this were a live presentation to the Board of Directors of your organization which is a vital skill in management.
Your Unit 4 Assignment: Project Part 1 of the case study will be the starting point for your PowerPoint presentation. But, the presentation will include an additional segment not required in the Project paper from Unit 4. If you have not submitted the Unit 4 - Project Part 1 assignment, you will not be eligible to submit the Unit 5 - Project Part 2.
Checklist: Your PowerPoint presentation with audio should:
Address Project Part 1 checklist items:
-Be based on the unit Reading and additional articles.
- Begin with a brief review of the organization. Keep in mind that the members of the board may or may not have read the report you completed in Part 1 of the Project. Even though this will be a brief presentation, it should include all essential information and data.
- Identify significant costs in your organization.
- Include a section devoted to Cost-Volume-Profit Analysis (CVP).
- Discuss budgeting considerations. Include the organization's budget process, the organization's budget variances and discuss management decisions related to budgeting.
- Present a balanced scorecard, incorporating all four of the organizational dimensions (financial, customer, internal business, and learning and growth).
- Create a "Strategy Map" for your organization.
New requirement for the presentation: Next, incorporate a discussion of "Global Interconnectedness" addressing the checklist items. Use the textbook and the additional article readings as a basis for analysis.
Checklist:
- How do global economic pressures impact your organization?
- Who are the direct international competitors?
- How is that competition managed?
- Relate how global interconnectedness affects the choice of heuristics in the management decision-making process. In other words, what different valuation methods in managerial accounting across global boundaries affect decision-making processes? Include asset valuation methodologies in addition to 2 other specific topics.
- Finally, end with a summary review (i.e., formal "Conclusion" slide is required) of the performance evaluation. What are the key strengths and weaknesses of the organization? What changes would you recommend be made to the current organizational strategy?