...------------------------------------------------- kBMS0044 ------------------------------------------------- Principles of Risk Assignment One: Risk Map and Risk Plan/Register Assignment November 2010 Outline Brief The basis of this assignment is for you to undertake an initial risk identification analysis of some significant area of a business operation OR environmental setting/issue, with the aim of producing a summary risk map and related risk plan/register. This will require you to consider for your chosen focus of study what might be key (primary) risks, how those risks may be appropriately classified and how their potential impact and likelihood might be assessed and evaluated in an objective way. The final submission will take the form of a graphical risk map (matrix) and a tabulated risk plan/register. The latter should provide for a contextualised review of the key risks, the rationale for their inclusion and for the risk assessment that you have ascribed to each risk listed. The risk map and plan are not required to show risk management responses. This assignment is worth 50% of the overall module assessment, and a guideline of 2,500 words is provided for the written (risk plan) element. Tasks within this brief: 1. Identify a suitably focussed business activity or environmental issue on which to base this assignment; 2. Identify potential risk identification and assessment techniques, and their potential limitations within...
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...Abbreviated Business Plan Table of Contents Introduction………………………………………...3 Vision, Mission and Values Statement…...4 Funding Plan………………………………………..5 Setup Plan……………………………………………8 Marketing Plan……………………………………11 Gantt Chart…………………………………………14 Expense Budget…………………………………..15 Cash Position……………………………………....16 Introduction This is an assignment for a technical writing class. In this class every student is to make up an imaginary business that he or she will open and take control of. My imaginary business is a restaurant and club in Austin named Kaleidoscope Eyes. It is a place where people come to eat and dance the night away and have a great time. Kaleidoscope Eyes provides great tasting food and a great variety of music to enjoy. This document contains a vision, mission and values statement. As well as three plans, a funding plan, a setup plan and a marketing plan for the business to follow throughout the first year of starting the business. And finally a Gantt chart, expense budget spreadsheet and cash position spreadsheet. Vision, Mission and Values After two years, we want to be a very popular club in Austin. We want to be the club where everyone comes to enjoy great food and have a good time dancing. In sales, we want to make one million dollars, with at least thirty percent profit. We want to have gained a positive and great reputation. We will provide the best tasting food and great music with a big dance floor. We will have reasonable prices on all...
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...strategic map is a drawing which helps to describe the way an organization develops values by organizing its objectives and it documents the basic goals that an organization or the top management plans to peruse. The strategic maps convert assets which cannot be felt by touch, to results which are tangible and help in balancing scorecards. This document was first developed in 1990s which appeared in many books towards the end of the year. Strategic maps ensure success in strategies as they assist ass to better the management of our strategies, they also help in the communication of the strategy and also in capturing the strategies the opinions of ones teams in a more productive manner. They help us be sure of the future outcomes and avoid imaginary hopes. The creation of a strategic map includes merging various factors and information on the same page so as to ease communication. The strategic maps show every objective as a text within a shape (in most cases, an oval or rectangle), less than 20 objects and a broad interconnection between the objectives as they are joined together or linked by the arrows. There are four major perspectives that are attended to by the strategic maps; learning and growth perspective, financial perspective, the clients’ perspective and internal business perspective (Meredith & Shafer 2013). The financial perspective aims at developing a long lasting value to shareholders and coming up from the production strategy of bettering the costs structure,...
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...Project Assignment for AD 408 Fall 2012 students PREPARATION OF A BUSINESS PLAN The task is to prepare a concise business plan for a small to medium size business. The presentation has to be in the standard format summarized below. The business area will be chosen by the student. The recommended industries are: Foods, Web based service businesses, Tourism, Logistics Small Size Manufacturing. However, other suggestions with good reasoning behind them can also be accepted after discussion. Conditions / requirements: 1. The business can be a new start up or an acquisition; an imaginary plan or a real life acquisition. 2. Group work is not allowed. Each student will submit his/her own project. 3. The total length of the document should not be more than 10 pages. 4. The chosen business, with a one paragraph description, will be e-mailed to the instructors latest by 30th October 2012 Tuesday. 5. The deadline for submission of the project (word document/hard copy) is 10th December 2012 Monday. PREPARATION OF A BUSINESS PLAN, AD 408 Fall 2012 Standard format for the contents: 1. Executive summary – one or two pages summarizing the purpose, mentioning the key highlights 2. Business definition – key features of the business operation 3. The description of the competitive environment (general and the industry) and the market assumptions used in business justification (how big? growth? how much?) 4. Key Success Factors (KSFs)...
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...The Shaved Ice Beverage Business Plan is the plan of interest. This company’s business plan will create a green and healthy way to deliver a craving of delicious shaved ice as well as the alternative of iced coffee. The business energy source will come from solar panels. The solar panels will lower the cost of the company’s electricity cost because most of the electricity used will generate from the sun’s light. The products selected are blocks of 100% pure filtered water that provides a contaminant free desert with 100% pure fruit juice free of concentrates compared to other shaved ice companies. The machines are energy star compliant. With a low overhead cost, the amount of square footage needed as well is low. The beach front design presents imaginary scenery that allows individuals to enjoy their delicious treats outside in the sun or underneath a few patios covered with palm tree leaves. All of the trash generated will have proper recycling trash cans for paper and plastic. Opportunities The selection of iced coffee targets the adults producing sales in the colder months giving the business minimum revenue. The growth of the company can expand fast as the number of customers throughout most of southern part of the United States experience a relatively mild winter. This will bring in more profit for the company as it expands at a rate of 5%. The company is new and can offer other varieties such as food or a healthy ice cream. Threats The business is very competitive with...
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...Business Report Ideas 1. Investigate the problem of worker theft and recommend ways to decrease it. 2. Investigate the pros and cons of requiring workers to wear uniforms. 3. Report to your management what other companies are doing to increase ethics awareness among employees and recommend a course of action for your company. 4. Report on current means of reducing shoplifting and recommend which methods your store should institute. 5. Report on the challenges of an aging workforce and ways to cope with those challenges. 6. Evaluate the pros and cons of flextime and whether your company should adopt it. 7. Advise your company on developing an employee wellness program. 8. Report on the problems of sexual harassment in the workplace and design a program for preventing it. 9. Advise your company on the pros and cons of offering workers child care or elder care benefits. 10. Report on telemarketing and whether your company should use it to increase sales. 11. Show the value of and design a diversity-awareness program for your company. 12. Examine what recruiters look for in cover letters and resumes. (How are Web-based versions of these documents different from the hard-copy version? Is a resume that can be scanned the same as a Web-based version? Advise fellow students about what to do.) 13. Determine what general retirement policies your company should adopt. (Statistics show that our population is aging...
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...72056_CH01I 3/13/02 11:02 AM Page 1 CHAPTER 1 The Importance of Return on Investment: ROI A fter reading this chapter, you will be able to • Understand how owners view profitability • Compare the profitability of two companies • Calculate a return on investment using information about profit and investment he owners of a company and the company’s creditors share a similar goal: to increase wealth. They are thus very concerned about profitability in all phases of operations. Creditors are specifically concerned that the company use its resources profitably so that it can pay interest and principal on its debt. Owners are concerned that the company be profitable so that stock values will increase. Company managers must show they can manage the owners’ investment and produce the profits that owners and creditors demand. Because top management must meet the profit expectations of company owners, it passes down to the lower levels of management those profitability goals, which are then spread throughout the company. All managers, therefore, are expected to meet profitability goals, which are often increased and tightened as each level of management seeks a margin of safety. T 1 72056_CH01I 3/13/02 11:02 AM Page 2 ESSENTIALS of Corporate Per formance Measurement TIPS & TECHNIQUES The Accounting Equation Here are two ways to view what accountants refer to as the accounting equation that relates assets and claims to assets by...
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...1. Create a fictional MNE which manufactures an imaginary product and choose a country in which to conduct FDI. Communication has become a necessity in today’s world for everyone and every age. People from all over the globe communicate for either business, casual or for family reasons. The ability to talk, see and share things with people who are thousands miles away or simple in the next state over has become one of the fastest developing areas in technology. Global Me, a new software that can be applied to any device whether it is a phone, computer, ipad, mp3 player, television or any other type will allow for free web cam communication, audio and sharing of any kind of file. This software will infuse all other social networking sites and communications into one simple, easy to use program that works for everyone and everyone and every type of software. Many people have different devices and need to download certain programs that can only be useful if another person has the same program. This software will solve all of those headaches and be the easiest, user friendly and convenient social networking software available. It will be able to be used for medical purposes to allow doctors to communicate and see patients through a robot type device without having to be in the same state or even country. Surgeries will be able to be performed by top doctors from countries around the world. Social and business communication will increase because now everyone will be able to use...
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...The reader feels sorrow and pathos for these two women, as they both struggle between the painful concept of reality- causing them to retreat to the concept of illusion. In Tennessee Williams very famous and well-known work, The Glass Menagerie, the reader observes Williams’s theme of illusion versus reality as being a pivotal and central focus of the play: “Although he’s trying too hard, you never know if Jim will make it big. Perhaps he will. On the other hand, when you recall that illusion dominates the play, you might suspect that Jim’s plans are pure fancy, and that he’s placed too much faith in a hollow dream” (Ehrenhaft 16). The play centers around Amanda Wingfield and her son, Jim and her daughter, Laura and the struggles they face living in a small, run-down apartment in St. Louis. Out of all the characters in the play, Laura seems to be the main character who draws on this theme of reality versus illusion: “Laura is unable to hold a job and or interact socially with others and retreats into a world of...
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...Business Information Systems Learning Outcomes Week 5 1.Explain the importance of decision making for managers at each of the three primary organizational levels along with associated decision characteristics. Ans. The structure of a typical organization is similar to a pyramid and different levels require different information to assist in decision making, problem solving and opportunity capturing. 1.Operational-At the operational level employees develop , control and maintain core business activities required to run the day-to-day operations.Operational decisions are considered structured decisions , which arises in situations where established processes offer potential solutions.Structured decisions are made frequently and are almost repetitive in nature, they affect short-term business strategies .Recording inventory and creating weekly production schedules are examples of routine structured decisions. 2.Managerial – At the managerial level employees are continuously evaluating company operations to hone the firm’s abilities to identify and adapt to change.Managerial decisions cover short and medium range plans ,schedules and budgets alongwith policies,procedures and business objectives of the firm .These types of decisions are considered semi-stuctured decisions ,they occur in situations in which a few established processes help to evaluate potential solutions but not enough to lead to a definite recommended decision.Eg,decisions about producing a new product. 3.Strategic...
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...My chosen leader is the co-founder of Home Depot, Ken Langone. Mr. Langone is 82 and has a net worth of over $3 Billion, according to Forbes. He was born and raised in New York and attended New York University and New York University Stern School of Business. He climbed the ladder to become a successful businessman not only because of his schooling but also because of his passion. While he is a tough businessman, he is a genuinely good man. He is a native New Yorker and proud of it. After reading articles and watching videos of him being interviewed, it is clear that even in his older age, he is smart, passionate and savvy. From the information I have found so far on Ken Langone, I believe he would be categorized as a leader who uses...
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...Through Mel Scotts’ work of the 1912 San Francisco movement the various plans to create a greater San Francisco proved surprisingly difficult. It consisted of San Francisco trying to obtain control of its own water front from the state by pointing out advantages that would add to the city by merging with the neighboring communities. Some of these were part of Alameda County which included Berkeley, Oakland and Piedmont that would become outer communities of San Francisco. It seemed like San Francisco was trying to function as the Manhattan of New york through its advances to merge with the outer communities. One of the reasons why San Francisco was anxious for the participation of other communities was the extensive cost involved in the Hetch...
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...Levi Strauss and Co.: Creating a Sub-Brand 1. How would you characterize Levi’s branding strategy in general? What are the positive aspects? Are there any negative aspects? Branding strategy according to businessdictionary.com- the long-term marketing support for a brand, based on the definition of the characteristics of the target consumers. It includes understanding of their preferences, and expectations of the brand. Regarding Levi’s specifically, the case discusses that the branding strategy is identifying the quality of the clothing itself. Key words such as durable, dependable, and quality are often words used throughout the marketing campaigns. Generally speaking, they are simply targeting almost any category: rich, poor, etc. Although no company is perfect, I do believe that there are no significantly negative aspects about Levi’s branding strategy. 2. Analyze the Dockers communication strategy at the time of the launch. How did it fit in with past Levi’s advertisement efforts? How did it contribute to brand equity? Communication strategy according to epa.gov- Should include: outlining the objective/goals of the communication, identify key stakeholders, define key messages, and specify the mechanisms that will be used to obtain feedback on the strategy. Brand equity according to investopedia.com- the value premium that a company realizes from a product with a recognizable name as compared to its generic equivalent. At the time of the launch...
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...|BUSINESS & MANAGEMENT |[pic] | ASSIGNMENT FRONT SHEET |Student Name: | |Certification : I certify that the whole of this work is the result of my individual effort and that all quotations from books, periodicals etc. | |have been acknowledged. | |Student Signature: |Date: | |Student Registration Number: | |Student email address : | |Programme : Business |Year/Level : 1 | |Academic Year : 2012/13 |Semester : 2 | |Module title : Academic & Personal Development ...
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...thing I saw was the man that was with the kids get in as well. It was silent because the director said that words just would not do it justice. People sometimes do end up getting lost in what is going on because they are listening to what is being said. There is no need to have them talking because it’s really self-explanatory and speaks by what is being shown. I learned that these kids were being taken and killed by the loads. It’s sad to think of these kids as alone and being murdered, but this one man that went with them, who didn’t have to, died with them. Very touching and it’s something new that I learned about and decisions that some of the people probably made on a regular basis during the Holocaust. The next film, Imaginary Witness basically just depicted the Holocaust through films. It tells us that compared to how the survivors of the Holocaust actually were. For instance, I learned that after the Holocaust, some of the survivors, became mute. Didn’t say anything...
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