QB59V2 New Venture Creation

Assessment 1: Response to the COVID-19
Challenge (50%)
Justification of your group’s business idea that either mitigates the
effects of the pandemic by easing, or improving the life for individuals
in isolation; or for companies challenged by.
There are two elements (50% each) submitted on the final day of the
course;
PowerPoint presentation 10 slides maximum, 5 minutes maximum
duration
*Must be developed from the Business Model Canvas/Value Proposition
Canvas
Supporting report 3000 words maximum (length is broad indication
if you decide not use ‘graphics’)
*Must include a forecast of sales/income stream(s)
Marking guide – the pitch
Venture name:
Group number:
Group members:
10 slides maximum, 5 minutes maximum, includes the BMC
Yes/No
Required elements:
Presentation “ask”
The business model
The value proposition
Social dimension
Team personality
Evidence, story
Credibility
Income streams and future-focus.
Visual elements
Areas for improvement
Marking guide – the supporting material (in depth)
Support Material
Description of the business, including BMC/VPC
Value proposition
Team credibility
Financial credibility
Growth trajectory
timelines, growth ambitions, downside risk and
communications
Areas for improvement
Assessment 2: Individual reflective report
(50%)
Identify no more than three areas that you found the most challenging in
finalising the idea and creating a pitch.
Your reflection should include:
The nature of the challenge(s) you or your team faced.
How you/your team (positively) addressed the challenge.
The impact this had on your business idea and business prospects
How you would approach each stage differently in the future.
Reflections on that learning (this is the most important element of your submission)
Use at least 5 academic resources (see Reflectivity and lecture on Entreprenuership)
Planning – one suggestion for 3000 words
Take the bullet points/weight them
1 – 500 words
1 – 500 words
1 – 500 words
1 – 500 words
2 – 1000 words
Remember you will also need an
introduction and conclusion, say 300
words. Don’t forget to adjust the
above
The downside of this is that you must
identify no more than three areas
500 words
3 areas – yikes! That’s only 166
words to describe each challenge in
the first section
Identify the three areas
Deal with them individually
1000 words each
adjust word count for introduction and conclusion
Planning – second suggestion for 3000 words
Marking guide: reflective report
A
B
C
D
E
Other
Justification of challenges
Critical understanding of
impact based on reflective
thinking.
Clarity and depth of
argument to include
journal articles.
Clear and actionable
reflections for (personal)
improvement.
Reflectivity
Thinking reflectively about significant event and daily incidents not only
helps you change your behaviour, it gives you insights into your own learning
and communication styles, and allows you to identify your personal
strengths and weaknesses.
Kolb Learning Styles is widely used to frame reflective thinking.
https://abdn.blackboard.com/ultra/organizations/_31484_1/cl/outline
Use the reflective cycle to move from describing what happened, to
acknowledging feelings through stages to allow you to form an action plan.
Adapted from McLeod, S. (2013) Kolb Learning Styles,
http://www.simplypsychology.org/learning-kolb.html

 
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Small business management and entreprenuership

Question Description

Primary Task Response: Within the Discussion Board area, write 600–800 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

  • In your opinion, what is the difference between an entrepreneur and small business manager?
  • In your opinion, what are the most important traits of a successful entrepreneur?
  • What are the most important traits of a successful small business manager?
 
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Assignment on Business Analysis at MOOster

Assignment Details The assignment is made up of a number of sequential parts, detailed below. Please ensure you number each part of the final report. Case Details MOOster was formed from the merger of a number of dairy cooperatives and the, and is based largely in and around Bairnsdale, Victoria. It has a Head Office (administrative) in Melbourne, and small presences in New Zealand, China, Singapore and London. One business unit (Animal Husbandry and Production) is involved in the production of milk (oversight of all the dairy farms they own, and transportation of fresh milk to processing plants), while another business unit (Dairy Processing) has been formed to manage all dairy processing (including cheese and yogurts, ice creams, dried milk products, and baby formula). Another part of its business, MOOster Services, looks after the marketing, export and distribution of all its dairy products across Australia, New Zealand, and has already established a small office in the UK hoping to capitalise on BREXIT. MOOster services also liaises very closely with the Victorian Dairy Marketing Board (VDMB), and frequently seeks the latest research and marketing information from VDMB, and works closely with them whenever reviewing its own marketing initiatives and whether or not it should enter into new export markets. Over the years MOOster Services has established a strong relationship with VDMB, and to a large extent MOOster’s decision to enter into collaborative business arrangements with local agents in Singapore and China to manage distribution of goods in those markets was based on sound advice from VDMB.
MOOster has, for many years now, been a significant employer in the Gippsland region in particular, and hence has been well-regarded by local communities. However with government initiatives to increase housing affordability by encouraging the growth of regional centres supported by fast rail links to Melbourne, there is increasing pressure to develop land for new housing. New residents do not hold any great affection for MOOster, do not appreciate MOOster’s history and contribution to the local economy, and instead, MOOster is starting to receive increasing complaints about milk tankers near new housing estates, smells, polluted waters close to dairy farms, and so on.
It is fair to say that while all the affected dairy cooperatives were supportive of the decision to merge and form MOOster, life seems much more complex and uncertain now. There is no deep management experience in MOOster, with many Board members previously owning and managing their own individual farms, but finding it difficult to think more strategically, and at times are seen as representing the interests of their previous cooperatives, rather than acting in MOOster’s best interests. The Board did however agree that they needed to put in place a strong management team to take the company forward, and appointed a new CEO, Janet Kingdom, to take over the management of MOOster, and move the organisation forward as it faces numerous challenges to its current sound position in the market. It is facing increasing competition from organisations in New Zealand and Canada, who produce and export very similar products to MOOster.
Amongst Janet’s first tasks was to try to understand the challenges facing MOOster, and from this to create a strategic plan for the organisation that has the support of the Board and other key stakeholders. There is no strong strategic plan in place, and Janet is concerned that a plan is now needed to ensure that coherent decisions are made across the organisation and that all actions and initiatives serve to promote the interests of customers and of MOOster itself. She is worried about the growing complaints from new residents moving into the Gippsland region, as she believes that having the strong support from local communities is very important to the success of the business. In looking at some of the data presented to her from the business units, she notes with concern that spoilage of dairy products being shipped to the northern areas of Western Australia, Far North Queensland and the Northern Territory has been increasing, especially during the summer months, and learns that a poor relationship has developed between MOOster Services and Long Haulage, the company they rely on to deliver products by truck all around Australia.
Janet also learns that Mooster is regarded as having reasonable, reliable IT, but has not invested in what might be described as recent leading edge technologies. Coming from the Banking sector where ICT is regarded as critical to long term strategy and success, Janet is surprised by this, and makes a mental note that this needs to be examined in a lot more detail. She briefs the Board on her concerns and seeks their support for an organisation-wide analysis of current ICT capabilities and business opportunities.
In response to Janet’s voiced concerns about increasing competition and challenges in their business environment, MOOster Board agree to support a business analysis initiative, performed by external consultants, to analyse their current situation and offer advice as to possible strategies and technology solutions that might help them achieve improved business outcomes, such as reduced operating costs, increases in revenues, help ‘green’ their operations, and/or position them to better respond to the initiatives of their competitors.
 
You work for an external consultant, Marron Strategic Services, and have been asked to undertake a number of initiatives to contribute to the overall business analysis. Your tasks are detailed below:
 

  • As part of the Strategic Analysis, analyse the external and internal business environment of MOOster using PESTLE and SWOT analyses. Briefly report and reflect on the findings from these analyses.
  • Use Soft Systems Methodology to undertake a preliminary definition of the MOOster-Gippsland Community problem, explaining how you might apply SSM. Using the tools and techniques from SSM, develop and discuss potential solutions/resolutions to this problem.
  • The Board decides that it is critical to address the spoilage issue during the transportation to remote markets, and has asked the Business Analysis Team to investigate the feasibility of considering the implementation of and IoT (Internet of Things) system, including smart sensors, communications, and so on. You are asked to identify the stakeholders for this initiative, produce a Harm-Help analysis for each, and plot each stakeholder/stakeholder group on a power/Interest grid. Briefly justify your positioning on the grid.

Be sure to explain and justify your analyses in (i), (ii) and (iii) above. Please use a standard business report format to present your analyses. There are equal marks given to each of the three questions. 9 marks will be awarded to each question, and 3 marks will be allocated to report structure, coherence, written expression, referencing and so on.
Assessment Criteria Criteria that will be used to assess your work are as follows:

  • Depth and extent of research and evidence of wider reading
  • Evidence of thoughtfulness, insights, analysis and critical reflection gained from engagement with appropriate literature and the details of the case
  • Assertions and arguments made are grounded in researched data and/or supported by compelling argument
  • Extent of understanding demonstrated of strategy analysis tools, problem identification, and stakeholder identification and analysis.
  • Ability to apply your knowledge to new business problem contexts
  • Structure, coherence and presentation of the report
  • Referencing according to tertiary standards based on the Harvard system

 
Referencing

  • The work you submit must be your own original work i.e. not a cut and paste job drawing heavily on whatever you can find on the Internet, or an assignment or paper written wholly or partly by someone else, or by yourself for another unit.
  • Demonstrate your knowledge by using references to show that you know who some of the key thinkers on the topic are. Quoting from them without acknowledging the source indicates academic naivety and will result in a lower mark, quite possibly zero.
  • Use the “Harvard System Style Guide: In-text references, reference lists & bibliographies” to learn how to reference appropriately and properly. It’s an important post-graduate skill. The library has a number of online resources to assist you if you are unfamiliar with requirements. The librarians may also be able to assist you in understanding plagiarism, and in how to avoid it.
  • You must include an accurate and complete reference list at the end of your assignment.
  • Penalties may apply if evidence of plagiarism is found in your work.
 
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Corporate Social Responsibility , business and finance homework help

Question Description

In this Module, you will locate a scholarly article related to Corporate Social Responsibility in the library ( see attached). Then, you will write a 3-page paper, in which you will summarize the article, and state why the article is an important contribution to the idea of Corporate Social Responsibility (or CSR).
Required Reading
Refer to the Background section for required and optional readings.

Assignment

In a well-written, 3-page paper, evaluate a scholarly article related to CSR, and discuss the merit of the article for today’s organizations.

Keys to the Assignment

1.   In 1-2 paragraphs, define what is meant by CSR.
2.  Briefly summarize the article (1-2 paragraphs).
3.  Discuss the contribution of the article to our knowledge of CSR – i.e., discuss why the article is important to our understanding of CSR. In short, why does this article matter?
4.  Be sure to use at least one additional source from the library (see attached) (other than your chosen article) to support your discussion and analysis (choose a source that is not included in the Background section).
5.  Follow the guidelines in The Student Guide to Writing a High Quality Academic Paper
6.  You are expected to demonstrate evidence of critical thinking – as defined in the background materials and the grading rubric.
Background
In the SLP, we will be exploring the concept of Corporate Social Responsibility, or CSR. It has been said that business leaders are never asked about their personal sense of ethics these days – at least not until they are seated in front of a legislative committee. It would seem that there is an abundance of truth in this statement – that is, we don’t often think about our organizational leaders’ sense of ethics until they’ve gotten themselves into serious legal trouble.
All of this begs the question of whether highly ethical organizational cultures are more apt to produce ethical behaviors. Common sense tells us that they would. But if this is true, then why don’t all – or perhaps most – organizations have ethical behaviors? One possible answer might be that building an ethical organization requires a lot of money, a lot of know-how and emphasis, a lot of dedicated people, and a lot of organizational energy.
Corporate Social Responsibility, or CSR, begins with engagement – that is, a company’s engagement with internal and external stakeholders (not “stockholders,” butstakeholders– those individuals or entities that have some interest in the company – e.g., employees, stockholders, potential investors, suppliers, buyers, the government, and the community-at-large). Begin by reading the following articles related to CSR, and what it means for organizations to be “socially responsible”:
Brooks, C. (2013, May 22). Social responsibility no longer optional for businesses.Business News Daily. Retrieved fromhttp://www.businessnewsdaily.com/4528-social-responsibility-not-optional.html
Fallon, N. (2014, December 22). What is corporate social responsibility?Business News Daily. Retrieved fromhttp://www.businessnewsdaily.com/4679-corporate-social-responsibility.html
Optional Reading
The following article is also a very good overview of CSR. The article raises the pointed question as to whether organizations should choose to be socially responsible because of the derived financial benefits, or because being socially responsible is simply the right thing to do:
Perakis, E. (2009, April). Corporate responsibility: A business driver or an ethical obligation? Global Focus, 3(2), 60-63. Retrieved from ProQuest. ( see attached)

 
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