MGT604 Strategic Management | My Assignment Tutor

MGT604 Assessment 2A Brief Page 1 of 7Assessment TaskThis is an individual assessment with a component of the work to be conducted in stakeholdergroups allocated by the lecturer.In your stakeholder group, you are required to:• Meet, discuss and agree on three strategy options• Apply strategy concepts in your stakeholder meeting discussions to identify options.• Produce a teamwork logIndividually, you are required to produce a white paper:• Nominate the preferred strategy option and apply a strategy framework/s• Discuss the implications specifically relating to your part of the business• Include the team log in your paper’s appendixPlease refer to the Task Instructions for details on how to complete this task. ASSESSMENT 2A BRIEFSubject Code and TitleMGT604 Strategic ManagementAssessmentStakeholder Meeting Simulation and White PaperPART A: Preliminary Outline (Hurdle)Individual/GroupIndividualLengthUp to 500 word outlineLearning OutcomesThe Subject Learning Outcomes demonstrated by successfulcompletion of the task below include:b) Critically evaluate different strategy formulationprocesses utilised by organisations and evaluatetheir relevance to particular organisationalcontextsc) Develop and plan the implementation of aselected strategy for different organisationallevels including for change managementprocessesSubmissionBy 11.55pm AEST/AEDT Friday End of Module 3.1 (Week 5)Weighting10%Total Marks100 marks MGT604 Assessment 2A Brief Page 2 of 7ContextThe assessment of this subject supports students in developing their skills and knowledge intopics that include environmental assessment, problem diagnosis, strategy development, andcultural and ethical contexts. Stakeholder meetings are a critical element in strategicmanagement. This assessment task provides experience and immersive understanding of thecomplex interactions involved in the development of strategic choices, and the need to takean integrative approach to problem solving.InstructionsPLEASE NOTE: Part A is a Hurdle Assessment and must be submitted.You are required to perform a simulated stakeholder meeting to discuss the scenario below.Students will be assigned a role to play in the simulated stakeholder meeting. Roles will beassigned to ensure each group has one of each of the stakeholders.To do this assessment, it is necessary for you to know the responsibilities and interests ofthe stakeholder that you are assigned to be. To assist you with this knowledge, eachstakeholder’s general scope of responsibilities is described below. It is suggested thatyou take some time toresearch more about each stakeholder’s responsibilities so that you can contribute effectively to themeetings and write your white paper.The white paper is to be completed individually by each member of the team reflecting theimpact of the proposed strategy on their particular part of the business and should becompleted to the professional standard that would be required if the scenario were real.Please Note: You will be placed in your group by your facilitator and are expected toconduct at least one (1) stakeholders meeting per week. Times and location are to bearranged by the group.Stakeholders description and interestsa) General Manager (GM) of the companyThe GM has the final accountability to the CEO. The GM takes responsibility of the of thecompany’s successes and failures of the company. The GM brings together the differentfunctions in the company (HR, Finance, Operations, etc.) and the interests of all thestakeholders. A key issue for the GM is to maximise shareholder value and the long-termsustainability of the company.b) General Manager of key supplierObviously, the GM of the supplier has the same responsibilities in his company as the GM of thecase company below. The supplier is in the business of supplying goods and services which theMGT604 Assessment 2A Brief Page 3 of 7case company requires. The successes and failures of the supplier company are linked to thesuccesses and failures of the case company.c) Union officialGeneral responsibility of the Union official is to represent the interest of workers. It alsoincludes conflict resolution between the employer and the workers and bargaining of behalfof workers. It goes without saying that the workers would want the company to be financiallysustainable while they receive appropriate remuneration.d) Operations manager (OM)The general responsibilities of the OM are to ensure that productions of goods and services isrunning efficiently. Therefore, the role includes both planning and implementingproduction/manufacturing schedules including material and energy inputs among otherthings. The OM understands the feasibility of attaining certain production levels and quality ofproducts/services.e) Senior finance manager (SFM)The general responsibilities of the finance manager are to ensure that the company isfinancially sound. Therefore, the finance manager plans the long and short-term allocation ofresources as well as produce financial reports. For example, the SFM would be interested inissues such as risk, capital availability, likely timing and amount of returns, etc.Pro-Go Pty Ltd ScenarioThe scenario provides you with a brief overview of a hypothetical project for a real-lifeorganisation. Be aware that the scenario may not cover every detail that you will need toaddress in the White Paper, in which case, you will need to conduct additional research,including further research into the industry concerned.[Pro-Go Pty Ltd is a privately-owned manufacturer of small, high-quality action cameras basedin Geelong, Victoria. Founded in 2004 it has enjoyed continuous year-on-year growth until thelast financial year. Pro-Go has a track record of innovation, and technology that providesexcellent quality results in a small package able to operate with small batteries for extendedperiods of time. The video files these cameras produce are known for having superior colour,and operate effectively in lower lighting conditions than competitor’s cameras. They are alsomarketed on the basis of their extreme ruggedness, and reliability. Much of the technology usedin its devices has been patented by Pro-Go and is not currently available to other manufacturers.The Pro-Go management team has recognised that the ability to capture videos is now afeature of most phones. It suggests to them that the future of the stand-alone camera may beMGT604 Assessment 2A Brief Page 4 of 7limited. Pro-Go’s CEO has requested the executive team meet independently to develop astrategy to guide the company over the next five years.]DeliverablesThe stakeholder meeting will discuss and agree on three strategy options for Pro-Go.In doing so, the Stakeholder meeting may consider strategy options that exist inadjacent markets or with related but different products or technologies. Rememberto apply strategy concepts in your stakeholder meeting discussions to identifystrategy options.The deliverables required of each student are to produce a white paper covering the following:1. Nominate the preferred strategy option and apply a strategy framework(s) to analyse andjustifywhy you believe it is the best strategy option; and2. Discuss the implications specifically relating to your part of the business, andwhat challenges these might represent. Separate the discussion into short-termand long-term issues.Students are to address the assessment task from the perspective of their own functionalarea of responsibility. Integrate theory in your white paper.Suggested formatYour 500 word, individual, Preliminary Outline of your White paper should be structured as follows:• Introduction – Provide background and context to the report. Tell the readerwhat has happened in the past that has led to this report being needed. Be verybrief.• Aim – State in a single sentence what this report is seeking toachieve.• Discussion – Cover the key deliverables of the assessment described above.Remember, you are providing an outline only. Adhere to the word limit and be thoughtful inyour response. The first attempt at an outline is rarely comprehensive or correct. Pleaserecognise that this will likely need to be revised through several iterations to arrive at anoutline that is of impact.Teamwork LogStudents should also keep a log of how they have worked together as a team in the delivery ofthis project. This includes meeting dates and times, meeting minutes/notes, a detaileddescription of how tasks were allocated and completed (and by whom), copies of emailsand/or written discussion regarding the project, and any other evidence of teamwork thatstudents would like to include. All students involved in the project need to check the log beforesubmission. It is assumed that the final submission has been agreed between students as beingan accurate record of the work that has taken place for the project.MGT604 Assessment 2A Brief Page 5 of 7The Teamwork log needs to be submitted with the assessment but is not a part of the overallword count.ReferencingIt is essential that you use appropriate APA style for citing and referencing research. Please see moreinformation on referencing here in the Academic Writing Guide found via the Academic Skillswebsite.Academic IntegrityAll students are responsible for ensuring that all work submitted is their own and is appropriatelyreferenced and academically written according to the Academic Writing Guide. Students also needto have read and be aware of Torrens University Australia Academic Integrity Policy and Procedureand subsequent penalties for academic misconduct. These are viewable online.Students also must keep a copy of all submitted material and any assessment drafts.Submission InstructionsAssessment 2 Part A Preliminary White Paper is to be written according to academicwriting guidelines and must be submitted in compliance with the following;1. You should make significant references to the subject material and substantial widerreading. A minimum of five (5) academic (books & peer-reviewed journal articles) &two (2) other sources (newspaper article, trade publications, websites, etc.) must beused. These should be referenced in the APA style, both in-text and in a reference list.References to‘Wikipedia’ or similar unsubstantiated sources will not be accepted. The assignmentis to include in-text citations and a reference list following the latest APA referencingstyle. The APA referencing guide can be located in the Academic Writing Guide athttp://library.think.edu.au/ld.php?content_id=18822542. Students will also need to participate in the stakeholder meeting. Some class time(for class-based students) will be allocated to this discussion. Online students willneed to participate in pre-organised forums/sessions. In addition, a summary ofnotes and ideas discussed during group work sessions needs to be attached toyour submission as an appendix – see ‘Teamwork Log’ above (but will not formpart of your final wordcount).3. Submit Assessment 2 Part A: Preliminary Submission (with references) via theAssessment link in the main navigation menu in MGT604 Strategic Management onthe Student PortalStudents should use the brief to guide what to include in the assessment and the followingrubric to inform the standard required. The Learning Facilitator will provide feedback via GradeCentre in the Student Portal. Feedback can be viewed in My Grades.MGT604 Assessment 2A Brief Page 6 of 7Assessment Rubric AssessmentAttributesFail(Yet to achieveminimum standard)0-49%Pass(Functional)50-64%Credit(Proficient)65-74%Distinction(Advanced)75-84%High Distinction(Exceptional)85-100%Research andcomprehensionPercentage for thiscriterion = 30%Content does notadequatelydemonstrate apostgraduate standardof detail and thoughtContent somewhatsuperficial or with somegaps in understandingGood coverage of thetopic with clearlyarticulated explanationof the topic.Reasonable fit betweentheory and practiceThorough coverage ofthe topic. Goodapplication of theory.Good use of crediblesourcesComprehensiveunderstanding; insightfuldiscussion; excellent andrelevant application oftheory. Multiple andcredible references usedAnalysis andsynthesisPercentage for thiscriterion = 30%Reader cannotunderstand thefoundations of thetopics from theinformation provided.Poor logic. No evidenceprovided to supportargumentsBasic intent covered;analysis and argumentscould be more convincingwith some evidenceprovidedReader understands thearguments presentedthrough focused analysisand evidenceReader has a good senseof the analysis andevidence, which is welldiscussed in argument.Insights are drawn fromsynthesised informationReaders’ understandingof the analysis andarguments is clear;logical and wellorganised; detailed andinsightful analysis;structured arguments;synthesis andunderstanding of linksbetween issuesWriting mechanicsPercentage for thiscriterion = 15%Layout isconfusing; logic,flow and use oflanguage difficultto follow;numerous spellingandgrammatical errorsLayout is adequate withacceptable logic flow anduse of language. Somemisspellings andgrammatical errorsOverall presentation iseasy to digest; languagesuccinct and well chosen;less than four spellingand grammatical errorsGood presentationcontent andlanguage; easy toread and drawconclusions; nomore than twospelling andgrammatical errorsOverall style, use oflanguage, figures andtables encouragescomprehension; creativeand engaging report MGT604 Assessment 2A Brief Page 7 of 7 Reflection andconclusionsPercentage for thiscriterion = 25%Little reflection evident;unclear conclusionsPoor reflections andgeneric or somewhatirrelevant conclusionsGood reflectionshighlighting key aspects;relevant conclusionswhich are a mix ofgeneric and specificconclusionsRich reflections drawingfrom good research,analysis and synthesis.Relevant and specificconclusionsInsightful conclusionsdrawing well from thediscussion and evidence;creative and insightfulreflection with relevanceto the topic The following Subject Learning Outcomes are addressed in this assessmentSLO b)Critically examine how strategic management and core competencies can build and sustain competitive advantage indifferent organisational contextsSLO c)Develop and plan the implementation of a selected strategy for different organisational levels including for changemanagement processes

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER

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