Measurement and Decision Making Assignment Project Strategic Decision-making, and Heuristics
Project Part 1 -
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 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.
NOTE: If you are self-employed or own your own company - it would NOT be an appropriate research subject. You must select another company to meet the requirements of the Project. One method for choosing a company will be to do an on-line search for a company that might interest you; then you may search the company's website as the basis for your Project.
Use critical thinking to:
- 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.
Project Part 2 -
You will 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 (BoD):
The second and final part of the Project Part 2 is due at the end of Unit 5 in the form of PowerPoint presentation with audio recording. 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.
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.
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?
Attachment:- Assignment.rar