Assignment
1. Begin with an introduction to the organization. Identify its manufacturing segment. Detail briefly the products manufactured by your organization, the company's market niche and/or customer base.
2. Identify significant costs in your organization. Some of the mandatory 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 would include the contribution margin, Degree of Operating Leverage (DOL), breakeven point, and others. Remember, it is vital that you determine whether or not you will have access to this information BEFORE you start the project. Otherwise, you may not have time to change organizations later during the course.
4. Discuss budgeting considerations. Include the organization's budget process (for example, is it top-down, or bottom-up), 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 Strategic Objectives (SO), also known as critical success factors (CSFs) for each category/perspective. Then, 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.
Additional readings/references to use for this project [Can be inserted or linked as a PDF Document or separate Icon]:
Freeland, C. (2015). Globalization bites back. Atlantic, 315(4), 82.
Eaton, D., &Kilby, G. (2015). Does your organizational culture support your business strategy? Journal for Quality & Participation, 37(4), 4.
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 MUST 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 - that is, the SO's must match. 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 fully coordinated.
7. Finally, end with a summary review (A formal "Conclusion" heading and section is required) of the performance evaluation. Use sub-headings to discuss key strengths and weaknesses of the organization and describe recommendations to be made to the current organizational strategy.
Include the appropriate use of headings and sub-headings for every section of the project. A good strategy will be to use the assignment rubric as a basic outline for headings and subheadings.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.