knowledge management

knowledge management Question 1 “ What is Knowledge Management? The purpose of this question is to demonstrate understanding of the many-sided nature of knowledge management. It addresses the broad learning objectives of: Critically discuss the role and importance of knowledge management in today’s organisations Critically discuss the issues raised by language and cultural diversity in shared knowledge systems There are many definitions of knowledge management. Four are given below. The purpose of this question is for you to evaluate these definitions, and to reflect on your own interpretation of the subject. ¢ A good operational definition of knowledge management is the deliberate introduction of an improved and more effective information environment (Koenig, 1999, p. 77) ¢ [KM is] the capability of an organization to create new knowledge, disseminate it throughout the organization and embody it in products, services and systems. (Nonaka & Takeuchi, 1995, p. 58) ¢ Knowledge management is the behaviors and processes by which a group of people maintains and increases their personal and collective actionable knowledge to compete, to increase performance and innovation, and to decrease risk. (Parsons, 2004, p. 26) ¢ Knowledge Management is about creating an environment that encourages people to learn and share knowledge by aligning goals, integrating bits and pieces of information within and across organizational boundaries, and producing new knowledge that is usable and useful to the organization. (Corso et al, 2006, p. 210) (a) Briefly evaluate EACH of the definitions listed above for its usefulness to knowledge management, by considering the underlying assumptions of the definition and its scope. You should consider such issues as: does it assume a particular view of knowledge (such as subjective/objective)? Is it more relevant to practice, or to theory? Is it relevant to a specific field (for example, business) or more generally applicable? Is it more applicable to a particular culture (for example, Western culture)? In your opinion, what are the most useful aspects of the definition, and why? (b) Which of these definitions of KM best fits the way in which YOU view the world? Consider your background and study/work experience before this unit, and any other factors that might influence your perspective. How do you think that this viewpoint would affect the way in which you would approach a KM investigation? Would this be a problem? (Note: there is no ˜correct’ answer here “ the aim is for you to reflect on what you consider knowledge management to be about from your own perspective, and what implications this may have for practice.) You will be marked for this question on the following criteria: ¢ Clearly expressed discussion of the definitions in (a) ¢ Clearly expressed discussion of your personal reaction in (b) Question 2 “ Knowledge Management Tools and Techniques The purpose of this question is to demonstrate understanding of the appropriate use of KM tools for organisational needs. It addresses the broad learning objective of: Analyse a knowledge management problem and recommend appropriate tools and techniques for its solution This question relates to Topic 3: Knowledge Sources and KM Tools. In that topic’s lecture slides and associated reading we discussed knowledge tools under 4 categories of processes: ¢ creating and discovering ¢ explicating and externalising ¢ communicating and sharing ¢ internalising and assimilating In this question you are to describe how different KM tools and techniques could apply to the (hypothetical) organisation described in the case study below: Tatra are the world’s third oldest car company, which produced a number of rather advanced streamlined cars during the course of its production run. Because spare parts and manuals are hard to find for these cars, a group of amateur enthusiasts has formed the ˜Tatra Owners Spares Club’ to pool their resources. They have hired a shed to hold all the spare parts and charged a joiner’s fee for new members to defray costs. Members can get photocopies of technical documents, or buy spare parts such as bearings and seals from the Club when they are needed. A serious problem they face is that the organisers of the Club are getting older, and want to take a less active role in running the Club, while the newer members (despite their enthusiasm) are not as knowledgeable about what model of what car needed what part. In addition, the mechanics who have worked on the cars are all retiring, so the Club organisers are very keen on making videos of them doing standard overhauls of the motors, gearbox, steering, brakes and suspension with a view to making the knowledge more widely available. They have a large number of photographs, and they also have schematics that have come from the manufacturer. All of this information is being kept on a spreadsheet, which is maintained by the founders of the Club in rotation on their different computers. They have often had a problem working out which one is the latest version, and this has caused problems with lost parts etc in the past. The Tatra Owners Spares Club want to make an inventory system that ties together the car parts, the documentation and the videos (which are not yet made). They also want to make the entire resulting system searchable from the Internet, and link up with other groups who are interested in the Tatra marque around the world. (a) Briefly summarise the main features of the ˜Tatra Owners Spares Club’ in terms of (for example) its structure, membership, business model, topics they are concerned with, technological infrastructure, legal obligations, external organisations, and the likely œorganisational culture you might expect to find inside the organisation. This is to clarify the context for your answer to part (b), as the tools you recommend will need to fit the organisation’s needs and habits of working. (b) Select four KM tools from the list below, and briefly describe how they might be used to help the organisation. Be as specific as you can, based on the case study description. You may need to do some research of your own into the tools. State which category (˜creating and discovering’, etc) each tool falls into. You don’t have to have one tool from each category (although you can if you like). (c) For each of the four KM tools/techniques you identified in (b), locate an actual product/technique/standard that would address the requirements of the case study. Give the reference for the product, and briefly highlight the features of it that would be of use to the organisation. Do NOT copy and paste directly from the website. Blogging Database management system Whiteboard Lessons Learned Expert system Metadata scheme Decision support system Workflow modelling Mind mapping Data warehousing Data mining Social networking Controlled vocabularies Expertise locator You will be marked for this question on the following criteria: ¢ A good summary of the organisation’s needs and culture in (a) ¢ A good description of how the tool/technique supports organisational needs in (b) ¢ Appropriate products, correctly referenced and usefully summarised in (c)


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Managing Communications, Knowledge and Information

Managing Communications, Knowledge and Information Managing Communications, Knowledge and Information Regent College Learning Outcomes and Criteria covered by this Assignment Summary of learning outcomes To achieve this unit a learner must: 1. Understand how to assess information and knowledge needs 2. Be able to create strategies to increase personal networking to widen involvement in the decision making process 3. Be able to develop communication processes 4. Be able to improve systems relating to information and knowledge Outcomes To achieve each outcome a learner must demonstrate the ability to: LO 1 Understand how to assess information and knowledge needs LO 1.1 discuss the range of decisions to be taken LO 1.2 examine the information and knowledge needed to ensure effective decision taking LO 1.3 assess internal and external sources of information and understanding LO 1.4 justify recommendations for improvement LO2 Be able to create strategies to increase personal networking to widen involvement in the decision making process LO 2.1 identify stakeholders for a decision-making process LO 2.2 make contact with those identified and develop business relationships LO 2.3 involve those identified in the decision making as appropriate LO 2.4 design strategies for improvement LO 3 Be able to develop communication processes LO 3.1 report on existing processes of communication in an organisation LO 3.2 design ways to improve appropriateness LO 3.3 implement improvements to ensure greater integration of systems of communication in that organisation LO 3.4 create a personal plan to improve own communication skills BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 4 LO 4 Be able to improve systems relating to information and knowledge LO 4.1 report on existing approaches to the collection, formatting, storage and dissemination of information and knowledge LO 4.2 carry out appropriate changes to improve the collection, formatting, storage and dissemination of information and knowledge LO 4.3 implement a strategy to improve access to systems of information and knowledge. BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 5 Programme: BTEC Higher National Diploma in Business Unit Number: 16 Unit Title: Managing Communications, Knowledge and Information Module Tutors: Email: Assignment Number: 1. Report Distribution Date: 16/10/2013 Submission Date: 15/11/2013 Assessment Format: Produce a report with. The report must be written in professional manner and properly referenced. The report should comply with the word count of 1000 with +/- 10% margin. You may use tables and diagrams to support your report to illustrate the text. The report must be submitted as a printed copy. Starting up a new business can be both demanding and rewarding, and for those looking to establish themselves in the world of retail, the choice can present unique challenges. There is the initial decision over whether to establish the business as either a bricks-and-mortar operation, or whether to go completely online. Then there is the competition “ the retail sector is tough and it is worth bearing in mind that any business no matter how unique, is going to have to compete, not just with similar retailers but with a wide variety of different shops for the consumer spend. For this first assignment you are required to develop a report which will guide the reader through the process of setting up a business. Your report should include the following. ? A discussion of the different decisions to be made and an examination of the information and knowledge required to make the decisions in relation to starting up a business (LO 1.1, 1.2) ? List of internal and external sources of information and understanding. Assess these sources and justify their suitability and reliability in relation to the business start up. (LO 1.3) ? Recommend any improvements in the methods used in the selection and analysis of information needed for business start ups. (LO 1.4) For the second part of the report you are required to develop strategies to increase your personal networking skills and your involvement in the decision making process. Assessment Type: Individual BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 6 Your report should include the following. ? A list of stakeholders for the decision making process in relation to starting up above mentioned business. (LO 2.1) ? A selection of professionals and other stakeholders you should make contact with and ways to make contact with these individuals. ? Which methods you would use to develop a business relationship with these selected individuals. (LO 2.2) ? A plan to involve the identified people in the decision making process for example price strategy and location strategy applicable for this business start up. (LO 2.3) ? Your plan should include a strategy for future improvements in this process. (LO 2.4) BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 7 Programme: BTEC Higher National Diploma in Business Unit Number: 16 Unit Title: Managing Communications, Knowledge and Information Module Tutors: Email: Assignment Number: 2. Case Study Distribution Date: 16/10/2013 Submission Date: 31/01/2014 Assessment Format: Produce a report. The must be written in professional manner and properly referenced. The report should comply with the word count of 2000 with +/- 10% margin. You may use tables and diagrams to support your report to illustrate the text. Word count excludes the index, headings, information contained in tables, references and bibliography. You are required a produce a report on following points relating to the case study you were given. ? Identify the existing processes of communication in the given case study and explain the different communication processes available to a small voluntary organisation. (LO 3.1) ? By comparing the different communication processes explain how the voluntary organisation cited in the case study can improve appropriate communication and how they can ensure integration of systems of communication. (LO 3.2, 3.3) ? Identify and recommend improvements to the organisation’s existing approaches to collection, formatting, storage and dissemination of information and knowledge (LO 4.1, 4.2) ? Recommend and explain methods by which this organisation can improve its access to systems of information and knowledge (LO 4.3) Assessment Type: Individual BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 8 ? If you are given the opportunity work as the volunteer supervisor in this case study, explain, using a personal plan how you would improve your own communication skills (LO 3.4) Case Study for Unit 16 Managing Communications, Knowledge and Information Assignment 02 ORGANISATIONAL COMMUNICATION Introduction The organisation chosen for this case study on organisational communication is a small political activists’ organisation for which the writer of this paper once volunteered. The organisational communication problem encountered was that the volunteer supervisor did not have projects ready during the scheduled volunteer time slots, and despite a thorough interview process to determine skill-need matches and prior verbal scheduling of volunteer times, this problem persisted for months. With the lack of a communication plan, the consequence was a diminished enthusiasm for the cause and growing level of frustration causing this writer to cease volunteering for the organisation despite having a true belief in its mission. Knowledge The major problem in this case study was that the volunteer supervisor was engaged in so many projects that she did not invest the time to communicate projects to delegate to the volunteer. Most volunteers for this organisation worked on updating databases, solicitations, and mailings. This writer’s volunteer emphasis was on writing an
d doing special projects. Therefore, it was only through horizontal top down communication from this particular supervisor that these special projects could be delegated. Because the volunteer work was so different than the other volunteers, there was no real value to vertical communication. In Organisational Communication, Kathryn Baker, contends many communication theories are not so relevant in today’s service world as well as today’s technologically globalized world. (Baker, 2002) While many organisational communication principals would apply, this organisation operates locally and nationally, and falls into Baker’s description of ˜the service’ organisation. What the supervisor could have done was implement time saving communication systems, such as writing memos, e-mails, and other written communication methods to delegate tasks to be done within that specific time frame. If this was done, the task(s) often were so simple that they did not take all the volunteer time, and she was left scrambling to find another volunteer project. Sensitivity BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 9 The person that appears to be most responsible for the problem was the volunteer supervisor. However, she was being asked to do more than supervise volunteers; she was an assistant to the Marketing/Communication Director and was involved in a very extensive public awareness campaign which required a lot of hands on work on her part. Additionally, the communications department seemed at odds with other parts of the organisation, and other departmental managers often were putting demands on this supervisor as well. Her lack of time resulted in her being a poor communicator, and even though this volunteer’s skills could have helped ease her work load, she couldn’t slow down enough to implement a concrete communications strategy. Skills The writer of this case study looks to Carter McNamara’s Basics in Internal Organisational Communications (McNamara, 2007) who suggests a communication plan. This plan can involve verbal or written communications that would cover how to effectively manage a non-traditional volunteer. As cited earlier, this supervisor dealt mostly with people with specific tasks, not project skills, and therefore did not need a one-on one short session with them during their volunteer time. They also had the value of communication with one another to help them out when they ran into a specific problem. Values The value of the frustrated volunteer was the desire to create some quality work and be included within a network of volunteers for this cause. The value of the supervisor was to impress her managers. The values of the volunteer and supervisor were not mutual. If the goals had been mutual, it might have created an environment that would have made it more conducive for the supervisor to take the time to communicate special volunteer projects of value. It’s rather ironic that during the initial volunteer meeting, how the writer of this paper could assist the cause was a major point of discussion. This paper does acknowledge that as with many political activists’ organisations, things happen on the spot, and there is a great deal of crisis management, and not a lot of pre-planning. Additionally the communication focus for this organisation was external, not internal. This organisational culture spilled over into the communication methods of this writer’s volunteer work, and was a cause of a great deal of frustration. Alternative Solutions The volunteer supervisor should delegate another volunteer to hand out the written instructions for the volunteer time block, and because of the nature of the work, keep the volunteer time appointment in her appointment book, not just on the general volunteer log. This would have eased the frustration and allowed the writer of this paper to feel like a valuable contribution was being made to this particular cause. Above case study is extracted from, Booth, T. A. (2008). Organisational Communicatio. Business Intelligence Journal , 120- 122. BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 10 BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 11 Assessment Criteria: P1-P15 Pass Criteria M1-M3 Merit Criteria D1-D3 Distinction Criteria To Achieve a Pass To gain a pass grade you must attempt all three assignments and you must satisfy the pass criteria as outlined below. LO 1.1 discuss the range of decisions to be taken (P1) LO 1.2 examine the information and knowledge needed to ensure effective decision taking (P2) LO 1.3 assess internal and external sources of information and understanding (P3) LO 1.4 justify recommendations for improvement (P4) LO 2.1 identify stakeholders for a decision-making process (P5) LO 2.2 make contact with those identified and develop business relationships (P6) LO 2.3 involve those identified in the decision making as appropriate (P7) LO 2.4 design strategies for improvement (P8) LO 3.1 report on existing processes of communication in an organisation (P9) LO 3.2 design ways to improve appropriateness (P10) LO 3.3 implement improvements to ensure greater integration of systems of communication in that organisation (P11) LO 3.4 create a personal plan to improve own communication skills (P12) LO 4.1 report on existing approaches to the collection, formatting, storage and dissemination of information and knowledge (P13) LO 4.2 carry out appropriate changes to improve the collection, formatting, storage and dissemination of information and knowledge (P14) LO 4.3 implement a strategy to improve access to systems of information and knowledge (P15) BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 12 To Achieve a Merit To gain a merit grade you must achieve all the pass mark criteria and in addition you must satisfy the criteria as outlined below. Identify and apply strategies to find appropriate solutions through effective judgement (M1) Select/design and apply appropriate methods/techniques. You are judged on the application of relevant theories and techniques and the justification for their application (M2) Present and communicate appropriate findings. This includes the use the appropriate structure and approach with coherent, logical development of principles/concepts for the intended audience (M3) To Achieve a Distinction To gain a Distinction grade you must achieve all the pass mark criteria and all the merit mark criteria and in addition you must satisfy the criteria as outlined below. Use critical reflection to evaluate own work and justify valid conclusions including realistic improvements which have been proposed against defined characteristics for success. (D1) Demonstrate convergent / lateral/creative thinking by showing evidence on receptiveness to new ideas and effective thinking in unfamiliar contexts. (D2) Take responsibility for managing and organising activities including accommodating the unforeseen and recognising the importance of interdependence. (D3) Your subject tutor will be able to give you general guidance and feedback on improving your work however it is your responsibility to seek feedback from the subject tutors on the above criteria for you to achieve the intended grades. BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 13 Support materials Textbooks Avgerou C ” Information Systems and Global Diversity (Oxford University Press, 2003) ISBN: 0199240779 Boddy D, Boonstra A and Kennedy G ” Managing Information Systems; An Organizational Perspective (FT Prentice Hall, 2002) ISBN: 0273655957 Kovacic B ” New Approaches to Organizational Communication (State University of New York Press, 1994) ISBN: 0791419185 Little S, Quintas P and Ray T ” Managing Knowledge: An Essential Reader (Sage Publications, 2002) ISBN: 0761972137 McKenzie J and van Winkelen C ” Understanding the Knowledgeable Organisation (Th
omson Learning, 2004) ISBN: 1861528957 Preston P ” Reshaping Communications (Sage Publications, 2001) ISBN: 0803985630 Quirke B ” Communicating Corporate Change (McGraw-Hill, 1996) ISBN: 0077093119 Stewart T A ” Intellectual Capital: The New Wealth of Organisations (Nicholas Brealey Publishing Ltd, 1998) ISBN: 1857881834 Video The BBC and the Centre for Tomorrow’s Company ” Communications from the ˜Building Tomorrow’s Company’ series. BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 14 Plagiarism and Collusion When producing the assignments, Learners must not copy any material whole or part from fellow students intentionally or unintentionally. Any materials including phrases, paragraphs, diagrams, tables, charts or graphics copied from books, journals, web sites or any other sources must be properly referenced according to the Harvard referencing system. Even if the words are changed or altered learners must clearly reference the source. Learners are required to produce a ˜Turn-it-in’ originality report for any coursework, essays submitted for assessment. Any assignments submitted without a ˜Turn-it-in’ report will be refused and returned without marking. Collusion: Unless stated otherwise, you must not produce assignments in collaboration with fellow students where the assessment is based on the individual work. Such material will be refused by the assessor and you will receive no mark. You must not share your individual assignments with fellow students and in an event both lender and the receiver will be disqualified for the assessment. Plagiarism and Collusion is seriously dealt with in accordance with the regulations at Regent College and any learner who fails to produce an original piece of work may be disqualified of taking the assessment and may have to repeat the unit. Please visit the link to read our Academic Misconduct Policy for further information on above. You can also access this policy by accessing VLE. Extension and Late Submission Please visit the link to read our Assessment Policy in order to acquire information concerning the above matter. You can also access this policy by accessing VLE. Attendance and Punctuality Attending all your sessions is vital for your studies. We expect students to attend 100% of your classes. Please visit the link to read our Attendance Policy for further information on above. You can also access this policy by logging on to VLE. General Guidance This unit is assessed on 100% coursework including your active participation in lessons. You must submit both assignments to receive an overall mark. BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 15 You should plan well in advance on how to tackle this assignment. You should seek knowledge outside the classroom lectures and activities to gain maximum learning outcome. You should access recommended supporting materials as suggested and use the knowledge in your assignments. BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 16 Programme: BTEC Higher National Certificate in Business Unit Number and Title: Unit 16, Managing Communications, Knowledge and Information Module Tutor: Saminda Wattuhewa Learner name: Information/feedback on assessment and grading criteria Assessment criteria (Pass-P) Achieved Evidence Feedback LO 1.1 discuss the range of decisions to be taken (P1) Yes/No LO 1.2 examine the information and knowledge needed to ensure effective decision taking (P2) Yes/No LO 1.3 assess internal and external sources of information and understanding (P3) Yes/No LO 1.4 justify recommendations for improvement (P4) Yes/No LO 2.1 identify stakeholders for a decision-making process (P5) Yes/No LO 2.2 make contact with those identified and develop business relationships (P6) Yes/No LO 2.3 involve those identified in the decision making as appropriate (P7) Yes/No LO 2.4 design strategies for improvement (P8) Yes/No LO 3.1 report on existing processes of communication in an organisation (P9) Yes/No Feedback Sheet BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 17 LO 3.2 design ways to improve appropriateness (P10) Yes/No LO 3.3 implement improvements to ensure greater integration of systems of communication in that organisation (P11) Yes/No LO 3.4 create a personal plan to improve own communication skills (P12) Yes/No LO 4.1 report on existing approaches to the collection, formatting, storage and dissemination of information and knowledge (P13) Yes/No LO 4.2 carry out appropriate changes to improve the collection, formatting, storage and dissemination of information and knowledge (P14) Yes/No LO 4.3 implement a strategy to improve access to systems of information and knowledge (P15) Yes/No BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 18 Grading criteria (Merit-M; Destination-D) Achieved Evidence Feedback Identify and apply strategies to find appropriate solutions through effective judgement (M1) Yes/No Select/design and apply appropriate methods/techniques. You are judged on the application of relevant theories and techniques and the justification for their application (M2) Yes/No Present and communicate appropriate findings. This includes the use the appropriate structure and approach with coherent, logical development of principles/concepts for the intended audience (M3) Yes/No Use critical reflection to evaluate own work and justify valid conclusions including realistic improvements which have been proposed against defined characteristics for success. (D1) Yes/No Demonstrate convergent / lateral/creative thinking by Yes/No BTEC Higher National Diploma in Business Unit 16: Managing Communications, Knowledge and Information Regent College 19 showing evidence on receptiveness to new ideas and effective thinking in unfamiliar contexts. (D2) Take responsibility for managing and organising activities including accommodating the unforeseen and recognising the importance of interdependence. (D3)


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7 S Model Financial Summary of Britvic PLC

7 S Model Financial Summary of Britvic PLC All this questions need to be answered based on the company Britvic PLC,which is based in the United Kingdom. McKinskey 7 S Model Strategy Does the company have a clear and credible strategy? Is the process for setting and changing direction too rigid or too emergent? Structure Does the organisational structure of the company support the strategy? Is the structure very flat or very hierarchical? Systems Do the processes and procedures “ everything about how the work is done “ support the organisation’s strategy? Is there sufficient flexibility and control? Skills Does the organisation have resources and competences to be successful? Does it need to focus on existing competences or develop new ones? Style Is the leadership style of the organisation and how managers behave aligned to the strategy? Is the managerial style too transactional or is it transformational? Staff Are there the right number and type of people in the organisation? Are the reward schemes aligned to the strategy? Shared Values Is the organisational culture aligned to the strategy? What are the common beliefs, attitudes and ideals? What does it feel like to work here? and: Check out the company’s report and accounts and investor presentations and look at: Revenue and profit (compare with competitors and compare current year with previous years “ can you pick out any trends?) Costs (what are their main costs? “ compare with competitors and trends over time) Quantified statements about strength in terms of size, market share etc Financial strengths and weakness in particular segments e.g. products, customer groups, geographic areas If you’ve done an accounting module then do some simple ratio analysis like ROCE (Return on Capital Employed) Look up share price and dividend performance (compared to competitors and over time) You might also find analysts reports or newspaper articles on the company’s financial results


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Risk management and performance:

¢ Linking risk management and performance (a) Cotter, C. (2008) ˜Risk Management’, Financial Management, December/January pp 44-45 (b) McWorther, L., Matherly, M. and Frizzell, D. (2006) ˜ The connection between Performance Measurement and Risk Management,’ Strategic Finance, February pp 50-55 (c) Moran, P. (2007) ˜Good Risk Management is good management’, Accountancy Ireland, February, pp 36-37 (d) PricewaterhouseCoopers (PWC) (2009) ˜Seizing opportunity: linking risk and performance’, pp 1-30 file:///C:/Users/10325183/Downloads/pwc-risk-performance-2009.pdf ============= The connection between Performance Measurement and Risk Management,’Strategic Finance General Corporate Governance/Risk regulation: ¢ Stakeholders in a company ¢ Potential stakeholder conflict ¢ Role of Internal Control/Audit Link to risk management ¢ UK Regulation/ International Regulation (a) Hopkin “ Chapters 19, 20, 31, 32, 33, 34 (book) the fundamental of risk management (b) Ayres, F. and Logue, D (2002), ˜Risk Management in the Shadow of Enron’, The Journal of Business Strategy, July/August, pp 36-40 (c) Deakin, S. and Konzelmann, S (2003) ˜After Enron: An Age of Enlightenment?’, Organization, Vol 10 (3), pp 583-587 (d) Drennan, l. (2004) ˜Ethics, Governance and Risk Management: Lessons from Mirror Group Newspapers and Barings Bank, Journal of Business Ethics, Vol 52, Iss 3, pp 257-266 (e) Sobell, P. and Reding, K. (2004) ˜Aligning Corporate Governance with Enterprise Risk Management, Management Accounting Quarterly, Vol. 5, No 2, pp 29-37 (f) Spira, L. (2001) ˜Enterprise and accountability: Striking a Balance, Management Decision, 39/9, pp 739-748 (g) Verschoor, C. (2002), ˜Audit Committees focus on risk management’, Internal Auditing, July/August, pp27-32 ============= Continuity Planning: ¢ Managing and planning for disaster scenarios ¢ The future of risk management Future of Risk Management: ¢ Future developments (a) Hopkin “ Chapters 18 & 36 (b) Cerullo, V. And Cerullo, M. (2004) ˜ Business Continuity Planning: A Comprehensive Approach, Information Systems Management Journal, Summer, pp 70-78 (c) Kennedy, P., Perrottet, C. and Thomas, C. (2003), ˜Scenario planning after 9/11: Managing the impact of a catastrophic event, Strategy & Leadership, Vol 31, Iss 1, pp 4-13 (d) Savage, M. (2002) ˜Business continuity planning’, Work Study, Vol 51, No 5, pp 254-261 ============== Part B Task 3. Carolyn Williams, writing in the ICSA Focus supplement of December 2012 states, œToday we have more rules, codes, standards and processes than ever before, yet these rules are not in themselves sufficient to ensure that the behaviour of individuals and teams is as it ought to be (p.14). She goes on to say, œThe Baker Report into the 2005 BP Texas City refinery explosion in the US found fault with the company’s leadership, competency, communications and culture, and suggested these were the key causes¦¦¦¦The Financial Services Authority’s investigation into the collapse of the Royal Bank of Scotland in 2008 concluded that there were underlying deficiencies in culture. œ (p.14). It, therefore, seems that organisational culture has a great impact on the approach to risk management. You are required to consider the relevance of culture to corporate risk management and also to offer a view, based on your previous research, of the culture displayed by BAT with regard to its approach to risk management. (max1000w) task 4. An executive of BAT was heard to say (this is a hypothetical statement); œAll of this corporate governance regulation is like ˜taking a sledgehammer to crack a nut’. Of course the shareholders can rely on the executive directors to take care of their interests. I take it as a personal affront that anyone could suggest otherwise. Apart from a few rogues in the US and a few misguided executives in the UK there has never been a problem for investors. It also seems to be totally unnecessary to report on ˜risk’ within our Governance statements “ what a waste of time! You are required to clarify and explain the statement made above and to give a well-considered response to the BAT executive. (max1000w) Learning Outcomes Assessed ¢ Understand the all encompassing nature and importance of risk management ¢ Use both qualitative and quantitative techniques in order to evaluate and manage risk ¢ Consider the external and internal influences on corporate management approaches to risk management ¢ Appreciate the importance of disaster scenario planning in today’s economic environment. Assignments will be graded according to the following criteria: ¢ Evidence of critical judgement in selecting, ordering and analysing content in order to present a sound argument ¢ The demonstration and understanding of relevant concepts and models ¢ The demonstration of insight and originality in responding to the assignment ¢ The extent and level of research undertaken and the degree to which this research is appropriately referenced. ¢ It is important that the assignment is forward looking and is not an analysis of historic risk. All of the usual University regulations will apply with regard to the late submission of work and plagiarism.


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