University of Technology Sydney COVID 19 Case Report

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Business Finance

University of Technology Sydney

Description

PURPOSE: The form of this report is intended, like business reports in general, to inform managerial decision-making.

DESCRIPTION: A business report that assess the trustworthiness of scientific evidence gathered to address a complex management problem.

RETURN OF FEEDBACK: Up to 10 working days after submission, excluding semester breaks

SPECIAL NOTES Only use this Brief if you have an approved individual topic (you are not using a supplied case study)

REQUIREMENTS:

Preparation: It is expected that the topic of this report will be the problem or issue approved for your Problem Definition Report. If you propose any change from your previously approved topic, please discuss it with your lecturer or tutor and get their approval for your topic.

Prepare a report: For the approved problem or issue, acquire scientific evidence from academic sources and appraise it to test its trustworthiness. Keep the organisation anonymous.

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MGMT7250 ONLINE Assessment Brief: TASK: 6. Critically Appraised Topic (CAT) Report – FOR APPROVED INDIVIDUAL TOPIC SEMESTER: 2, 2020 DUE DATE: Friday Week 9, at 23:59pm SIZE LIMIT: 1500 words SUBMISSION: Via Turnitin on Wattle COLLABORATION: Nil. This individual submission must be entirely your own work. WEIGHT: 25% LEARNING OUTCOMES: 2,3,4,5 PURPOSE: The form of this report is intended, like business reports in general, to inform managerial decision-making. DESCRIPTION: A business report that assess the trustworthiness of scientific evidence gathered to address a complex management problem. RETURN OF FEEDBACK: Up to 10 working days after submission, excluding semester breaks SPECIAL NOTES Only use this Brief if you have an approved individual topic (you are not using a supplied case study) REQUIREMENTS: Preparation: It is expected that the topic of this report will be the problem or issue approved for your Problem Definition Report. If you propose any change from your previously approved topic, please discuss it with your lecturer or tutor and get their approval for your topic. Prepare a report: For the approved problem or issue, acquire scientific evidence from academic sources and appraise it to test its trustworthiness. Keep the organisation anonymous. 2 STRUCTURE AND CONTENTS: There is no set structure for this Report, but the following content is to be covered and the structure you select should meet the purpose of communicating with senior management. ITEM Problem definition CAT Question Selection criteria Search strategy Study Selection COVERAGE  Define the problem including brief background and context for the problem.  Justify the report using at least one of the four forms of evidence used in Evidence-Based Management.  Specify one or more question/s to be researched in the scientific literature in order to address the problem.  Proposed question/s must be answerable in principle.  Explain the criteria proposed for including and excluding studies.      Data extraction Critical appraisal Results           Identify the data sources searched. Specify the search terms. Describe how the search was conducted. Explain how studies were selected or screened to meet the selection criteria. Consider tabular presentation to clarify how many were screened out at each stage. Present the information extracted from each study. Include citations. Consider tabular presentation for ease of reading. Critically appraise each study individually Include a summary appraisal for each in the information summary. Summarise the evidence that you have obtained. Describe the degree of consistency or inconsistency between the studies. For each key concept (variable or outcome) draw together the definition/s used in the studies. Summarise the causal mechanism/s that are used in the literature to explain how the observed effects occur. What relationships have been found, including the impact of mediators and/or moderators Concise summary of the effect of the main findings on answering the CAT question. Identify any considerations that could impact the reliability or validity of the findings or conclusions.. Identify implications List specific recommendations in respect of the problem. Conclusion  Limitations  Practical Implications and recommendations   References  A reference list of all materials cited in the report is required. Note: When presenting evidence:  Consider graphical presentation of quantitative data.  Consider selection of quotations from qualitative data  Consider tabular presentation of qualitative or quantitative data  References from scientific literature situate the problem in a broader context. WEIGHTING 5% 10% 10% 10% 10% 10% 10% 15% 5% 10% 5% - 3  Evidence that you have generated from professional, stakeholder, or organisational sources may be separately consolidated in individual appendices for each source. This is a convenient way of packaging the data so that it is accessible to the reader, and allows you to cite it by referring to the relevant appendix. For more detailed guidance on each section of the CAT report, refer to guidelines from the Center for Evidence-based Management for doing Critically Appraised Topics: Barends, E., Rousseau, D.M. & Briner, R.B. (Eds). (2017). CEBMa Guideline for Critically Appraised Topics Evidence in Management and Organizations, Version 1.1. CEBMA, Amsterdam SUBMISSION REQUIREMENTS: Please apply the following requirements:  You must correctly reference all information that you have used. You should use Harvard or APA intext referencing. Guidance on referencing can be found on the ANU library’s website at: http://www.anu.edu.au/students/academic-skills/academic-integrity/referencing  The text of your work should be in an unadorned black font sized 12pt with 1.5 line spacing (except for any Executive Summary, which should be single spaced).  Include page numbers on every page (except on a covering or title page if used).  Do not embed tables or graphs as an image.  You are encouraged to use sub-headings where appropriate.  Submit a single file containing the entire submission in MS-Word.  Name your submission in accordance with the following format: MGMT7250-CAT-u####### , where ####### is your own ANU ID.  The following items, if included, do not contribute to the word-count: title page; tables of contents, figures, or tables; abstract or executive summary; figures; tables; list of references; appendices. ACADEMIC STANDARDS: The ANU Rules and Code of Practice for Student Academic Honesty form part of the rules for this assignment. Any incidence of plagiarism, 'ghost-writing', or other practices that undermine academic standards of honesty may result in penalties for academic misconduct. The ANU Code of Practice for Student Academic Honesty is available at http://academichonesty.anu.edu.au/ While you must use your own words and ideas, you will source ideas from the readings and other areas, such as journal articles or the Internet. Be sure that the sources you quote or paraphrase are clearly and correctly cited and then referenced in a reference list. The Class Summary includes further guidance on ANU's expectations of students in maintaining academic standards. MARKING: The Marking Criteria provided in this Brief will be used to assess submitted work against the Learning Outcomes. MARKING CRITERIA – REPORT Give some thought to what you think would constitute a 'good' Report. Masters‐level work is not just about doing something to meet a specification or a template. It is also about tackling problems independently and about developing your capacity to determine what is 'good' in a specific situation. WEIGHT GRADE HD STRUCTURE & COHERENCE 30%  Submission is clearly structured around relevant course concepts to address the purpose of the report  Models developed from course concepts and conclusions drawn from them are integrated into the discussion  Submission is narrated coherently and unfolds logically, credibly, and convincingly  Submission is professionally written with no grammatical, spelling or other presentation errors; all figures and tables captioned and referred to in text  Submission is succinct, and condensed and clarified by tables, graphs, or diagrams, or other supplementary material  Referencing and citation standards are met D C ANALYSIS & REFLECTION 30%  Concepts are drawn purpose of the report  Models developed from course concepts and conclusions drawn from them are integrated into the discussion  Submission is narrated coherently and unfolds logically and credibly  Submission is professionally written with no grammatical, spelling or other presentation errors; all figures and tables captioned and referred to in text  Submission is condensed and clarified by tables, graphs, or diagrams, or other supplementary material  Referencing and citation standards are met from course materials, academic reading, or other appropriate sources  Submission evaluates a range of concepts relevant to the question  Submission identifies weakness or gaps in the concepts or in their application  Concepts are drawn from course materials and relevant academic reading  Submission analyses a range of course concepts relevant to the question  Submission identifies weakness or gaps in the concepts  Submission is coherent and rational, and structured around relevant  Concepts are drawn course concepts to address the purpose of the report  Models developed from course concepts and conclusions drawn from them are integrated into the discussion  Submission is clearly written with no grammatical, spelling or other presentation errors; all figures and tables captioned and referred to in text  Referencing and citation standards are met from course materials and relevant academic reading  Submission discusses one or more course concepts relevant to the question  One or more relevant concepts drawn from course materials are identified  Submission is structured around relevant course concepts to address the P  Submission is coherent and rational, and addresses the purpose of the F report  Models developed from course concepts are integrated into the discussion  Submission is clearly written with few grammatical, spelling or other presentation errors; all figures and tables captioned and referred to in text.  Referencing and citation standards are generally met  Short, irrelevant, or confusing submission, with ambiguous or redundant elements  Submission does not demonstrate professional writing standards; includes spelling or grammatical errors; figures and tables are not captioned or referred to in text  Referencing and citation standards inadequate  Submission does not identify or address key concepts  Submission does not provide adequate academic referencing or other evidence SYNTHESIS & INTEGRATION 30%  Submission considers and integrates concepts from across the course materials, builds on and extends them, and justifies relevant innovative concepts and evidence from other disciplines or sources  Submission identifies reliable complementary evidence or integrates concepts to address weaknesses or gaps  Submission considers and integrates concepts from across the course materials, and justifies innovative concepts and evidence from other sources  Submission identifies reliable complementary evidence to address weaknesses or gaps  Submission considers and integrates concepts from across the course materials  Submission considers and integrates concepts from across the course materials 4 CONTEXTUAL AWARENESS 10%  Submission provides a clear overview of the case, enabling the reader to easily grasp the impact  Submission identifies and considers social and ethical implications of the case, and proposes options to resolve them  Submission recognises the stakeholders in the case and roles that they could have in the future  Submission identifies the broader context of the case (eg: technological standards; international trade agreements; consumer law; industry regulation) and addresses these constraints  Submission is appropriate in form and content for communicating with its audience and addressing the needs of that audience  Submission provides a clear overview of the case, enabling the reader to easily grasp the impact  Submission identifies and considers social and ethical implications of the case, and suggests a way of addressing them  Submission recognises the stakeholders in the case  Submission identifies the broader context of the case (eg: technological standards; international trade agreements; consumer law; industry regulation) and addresses these constraints  Submission is appropriate in form and content for communicating with its audience and addressing the needs of that audience  Submission provides a clear overview of the case, enabling the reader to easily grasp the impact  Submission identifies some of the broad social, ethical, or industry context of the case and addresses them.  Submission is appropriate in form and content for communicating with its audience and addressing the needs of that audience  Submission identifies one or more s aspect of the broad social, ethical, or industry context of the case.  Submission is appropriate in form and content for communicating with its audience  Submission does not incorporate insights from other disciplines or sources; nor does it integrate concepts from across the course  Unclear submission that is difficult to read and understand  Submission does not identify the broad social, ethical, or industry context of the case. Problem Definition The Covid-19 global pandemic has absolute impact to the humanity and society. It is increasingly possible this pandemic will be lasting for a longer period of time, and impacts that Covid-19 brought will lock every nation on the earth into a strict restriction of movements. It will bring unmeasurable uncertainty to our economy and actual impact to businesses, especially small businesses. The World Bank (2020) indicates that the pandemic is expected to plunge most countries into recession in 2020, with per capita income contacting in the largest fraction of counties globally since 1870. Advanced economies are projected to shrink 7 percent. Dua, Jain, Mahajan and Velasco (2020) states that the challenge is especially acute for small businesses (those with 500 or fewer employees), which account for a disproportionate share of the vulnerable jobs.2 Before COVID-19, they provided nearly half of all US private-sector jobs, yet they account for 54 percent (30 million) of the jobs most vulnerable during COVID-19. In this case, this firm is a profitable light manufacturing business with stable work force in three cities, and it generate incremental solid returns over time by running conservatively in the past. Due to the global pandemic of Covid-19, this firm is facing great challenges. First of all, the Table 1. (Blue bar represents the workers in 2019; Gray bar represents the available workers in 2021 ) unstable work force. Staffs in this firms were required stay home for months and most their skills were deteriorated for manufacturing work. Also, available workers in 2021 has decreased by 16.902 percent compared to 2019 in general, which the production workers decreased the most around 11.8 percent. Table 1 will clearly show the difference in 2019 and available workers in 2021. Secondly, the possible malfunction of production and distribution facilities since these facilities has been mothballed for months. Thirdly, it is possible that this the cashflow is interrupted and it carries excess inventory. In this firm, it is reasonable to believe that the productivity of this firm will be compromised by the unstable labor force, and the interrupted cashflow will also bring some difficulties to the operation of this firm, which are the biggest concerns if they decide to restart their business. Cash flow is the reflection of the enterprise income of the company, and it indicates the company’s business activities, investment activity and financing. PICOC is also useful for analyzing the difficulties this firm is facing. Population: the employees and owner of this firm will be impacted due to the interrupted cashflow and unstable workers. Intervention: the effect is possibly harming the business operation & production, and also the development business in the future. Comparison: cashflow and labor force are vital in light manufacturing business than others. Outcome: improving productivity of this firm, and resolve the existing issues in this firm. Context: In the light manufacturing firm. There are couple steps that could help this firm to resolve these problems. First of all, to release the financial burden in this firm, one of the options is to announce closure of one of factories in one of the cities. It will effectively lower the cost of employees’ salaries, utility and maintenance. Close the one of worst performed factory will circulate the cash to investment to other two factories. In this way also can bring more cash flow and help other two factories to keep running the business. Secondly, setting up a plan to invest on automatic system. It will effectively improve the productivity of this firm. By fully utilizing the system, production could be higher than it was. In the consideration of the market condition due to the impact, it is possible that the market demand could be impacted also. The rest of staffs will have different options, for example, reducing the staffs, job cut, downsizing, lower payment and take working days off. If the producing machine is the same size, and too many employees will cause the company to spend more money on labors but still have the same efficiency. The last step should be training workers, and hiring the skillful workers, with the new automatic machine production, the company don’t need too many labor forces, but the well-trained ones to improve the productivity. Table 1. (Blue bar represents the workers in 2019; Gray bar represents the available workers in 2021) Reference: The World Bank (2020). The Global Economic Outlook During COVID_19 Pandemic: A changed world. Retrieved from: https://www.worldbank.org/en/news/feature/2020/06/08/theglobal-economic-outlook-during-the-covid-19-pandemic-a-changed-world Andre.D,. Neha.J, Deepa. M., Yohann.V. (2020). COVID-19’s effect on jobs at small businesses in the United States. Retrieved from: https://www.mckinsey.com/~/media/McKinsey/Industries/Public%20and%20Social%20Sector/ Our%20Insights/COVID%2019s%20effect%20on%20jobs%20at%20small%20businesses%20in %20the%20United%20States/COVID-19s-effect-on-jobs-at-small-businesses-in-the-UnitedStates.pdf
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CASE REPORT

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Course Code and Name
Student’s Name
Institution

Professor
Date

CASE REPORT

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CASE REPORT

Introduction
Covid-19 has harmed not only the personal lives of people but also that of organizations. The
organization in focus in this paper is undergoing three fundamental problems due to Covi-19
(Klugar, 2020). The first problem is the employee inefficiency due to health restrictions and
working from home. These employees are not able to give their best by working from home. The
other issue is the inefficiency of production and distribution units (Robson et al., 2000). This
problem emerged due to partial lockdown. The last problem is the interruption in the cash flow
system of the organization. This paper provides approaches and solutions to these three problems
that the organization in focus is experiencing.
Solution 1
Training should be continuous
New specialists are from the outset, given a lot of thought and course during their onboarding
cycle. Regardless, this should not be the fundamental setting up that employees get (Wijayanti et
al. 2017). Advancing planning is an essential bit of keeping agents attracted and prodded to think
and work in new habits. Moreover, it's hard to hold so much information when everything is new
and overwhelming. Tenacious planning with consistent learning grants laborers supports and
ensuing information if anything was missed during beginning onboarding.
Developing a positive work environment
As shown by Time Doctor, employees that vibe content with their working environments also
performs better. This shouldn't be a stun. Consider how remarkable the organization feels when

CASE REPORT

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the space around the organization is immaculate and clean, and the people around the organization
are prodding and acceptable. Asking employees to redo and tidy up their space can invigorate a
better atmosphere for being gainful. This also suggests boosting fellowship and ensuring lively
correspondence inside the gathering and ensuring that employees have non-business related
activities and events orchestrated and that everyone feels regarded in their gatherings.
By and large, people are more prodded and beneficial when they feel maintained, regarded, and
are set up with the indispensable advantages for finish their endeavors. Managing the display of
laborers requires an all-around appreciation of the individuals themselves and the ability to enable
their turn of events and headway. Setting up the movement for a vibrant workplace, furthermore,
incorporates building up a gorgeously beguiling atmosphere. License agents to offer a commitment
to regards to the arrangement of their workspace. Maybe more light is required, or potentially
finally reviving the old paint to something new and extraordinary could add positive vibes to space.
Urge laborers to assume liability for atmosphere, culture, and physical space.
Solution 2
A prevalent belief by many engineers is that the issues impacting their workflows ar...


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