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"Marketing Communications" Please respond to the following:
- Select a health care provider of your choice and discuss the major elements making up their marketing communications process. Provide specific examples to support your response.
- Analyze the eight major steps in delivering effective communications for a health care provider in your community and make at least one recommendation for improvement. Explain your rationale.
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MGMT670 Oxford University Strategic Management Final Strategy Paper
In this paper, examine your organization’s generic and diversification strategies, its international moves, and its ethi ...
MGMT670 Oxford University Strategic Management Final Strategy Paper
In this paper, examine your organization’s generic and diversification strategies, its international moves, and its ethics, social responsibility, and environmental sustainability practices. Submit your work in your assignment folder in the form of an approximate 2,000-word double-spaced APA-formatted paper. The title page, reference list, and any appendices are not included in this suggested word count. You do not need to include an abstract.My organization is Penn National GamingYour paper should address these topics:Your organization's generic strategy or strategies.Any diversification strategies the organization pursues.Any international moves made by your organization. Does it operate internationally? In what format(s)?What ethics policies and practices does your organization have in place?Does your organization practice social responsibility? In what way(s)?What are your organization's environmental sustainability practices?Need at least 4 scholarly referencesRubric Name: Grading Rubric for Papers
Grantham Week 4 CHAP8 Johnson vs Transportation Agency Case Study
Week 4 Case Questions
Select TWO court cases (from different chapters) from the list below, and respond in writing to t ...
Grantham Week 4 CHAP8 Johnson vs Transportation Agency Case Study
Week 4 Case Questions
Select TWO court cases (from different chapters) from the list below, and respond in writing to the case questions. .
1.Johnson v. Transportation Agency, Santa Clara County (Ch 8, p 269).
2.Lomack v. City of Newark (Ch 8, p 275).
3.Cleveland Firefighters for Fair Hiring Practices v. City of Cleveland I & II (Ch 8, p 278).
4.Gerald v. University of Puerto Rico (Ch 9, p 304).
5.EEOC v. Management Hospitality of Racine (Ch 9, p 314).
6.Hardage v. CBS (Ch 9, p 319).
The requirements below must be met for your paper to be accepted and graded:
•Write between 750 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below..
•Use font size 12 and 1” margins..
•Include cover page and reference page..
•At least 80% of your paper must be original content/writing..
•No more than 20% of your content/information may come from references..
•Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement..
•Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style..
References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.
Florida Atlantic University Nike Company Worksheet
COURSE PROJECT/CHECKPOINT ASSIGNMENTEach student will be assigned a company ( Nike )for which they will conduct a financia ...
Florida Atlantic University Nike Company Worksheet
COURSE PROJECT/CHECKPOINT ASSIGNMENTEach student will be assigned a company ( Nike )for which they will conduct a financial analysis. Included in the analysis will be the following items:Background Information/Environmental ScanDuPont IdentityCurrent RatioQuick RatioInventory Holding PeriodAverage Collection PeriodDebt RatioFree Cash FlowMarket Value Added Economic Value AddedDividend YieldRequired Rate of Return based on the Capital Asset Pricing ModelAfter calculating the above items, the student will make a recommendation to buy, sell, or hold the company’s common stock at its current price. The recommendation should be based on the calculations required plus any other information about the company that the student believes pertinent.In a separate section of the paper, the student will describe a situation in which his/her company would make use of capital budgeting. No calculations are required. This section of the paper would be about one to two pages describing the process that the company would make use of for analyzing the capital budgeting situation.In a third section of the paper, the student should describe how the company would use cost-volume-profit analysis for one of its products. No calculations are necessary; just provide an explanation of how the process works. This section of the paper should be one to two pages.Grading for the analysis will be based on the following:Environmental Scan/Background 20 pointsRatio Calculations 15 pointsFree Cash Flow Calculations 8 pointsMarket Value Added? Economic Value Added 7 pointsCapital Budgeting Discussion 15 pointsCost-Volume-Profit Analysis Discussion 15 pointsConclusions 10 pointsQuality of Writing and Sources 10 pointsExtra credit is not applicable or available in this course.Rubric for Company AnalysisBUS 311, Financial Management Critical AssignmentThe critical assignment for BUS 311, Financial Management is one of a series of assignments designed to demonstrate that students have achieved the learning outcomes established for the majors in the College of Business and Management.The specific objective of this critical assignment is to assure that students have a sufficient level of accounting and finance skills to conduct financial analyses of an organization. These exercises will provide students with the opportunity to integrate and implement theory to practice and will prepare students to develop a comprehensive business plan in the capstone course during the final year of study.For the purpose of this exercise, students will choose a company for which they will conduct an environmental scan and a financial analysis. The analysis of the company should culminate with students recommending that the company is “excellent,” “healthy,” or “ill.” Students will be evaluated based on correctness of the calculations, the insight of the analysis, and the quality of the discussion relating to the requirements.Before performing the financial analysis, students will prepare an environmental scan, which will discuss the various forces with which an organization must contend to assure that its business model has a chance for success. The specific calculations should include:DuPont IdentityCurrent RatioQuick RatioInventory Holding PeriodAverage Collection PeriodDebt RatioDividend YieldRequired Rate of Return based on the Capital Asset Pricing ModelFree Cash FlowMarket Value Added Economic Value AddedAdditionally, students will be expected to prepare an executive summary of the process of capital budgeting, using an example that is specific to the company that is being analyzed. An executive summary of cost-volume-profit analysis is also required, using an example that is specific to the company that is being analyzed.The written paper is to be typed double–spaced, 1’ margins, Times New Roman and 12-point font, with correct spelling and grammar, proper citation, references, with a cover page and organized with headings. The instructor’s approval of the topic is required.The following Library resources and websites could assist students in conducting the research to do the Critical Assignment:Lynn Library Sources:Business majors can also avail themselves of all Lynn University Library databases(Links to an external site.) and the business specific databases (Links to an external site.) such as: ABI/Inform, Business Insights: Essentials, Passport by Euromonitor, and Statista.Directions to access: Go to Lynn University Website: www.lynn.edu (Links to an external site.)Click the Libraries Tab Click DatabasesClick on the « All Subject » dropdown= Business http://lynnlibrary.libguides.com/az.php?s=43296 (Links to an external site.)Websites:www.zacks.com (Links to an external site.)www.bloomberg.com/markets/rates/index.html (Links to an external site.)www.moodys.com (Links to an external site.)www.bondsonline.com (Links to an external site.)www.federalreserve.gov (Links to an external site.)www.morningstar.com (Links to an external site.)http://finance.yahoo.com/ (Links to an external site.)http://www.gurufocus.com/ (Links to an external site.)https://www.google.com/finance (Links to an external site.)Student Learning Outcomes:Students will be able to:Conduct an environmental scan, indicating future prospects for a company. (SLO 3.3, SLO 7.4, SLO 12.3) (20% of grade for project)Calculate and interpret financial ratios to ascertain the overall health of a company. (SLO 1.2, SLO 6.1, SLO 13.4) (15% of grade for project)Determine and explain free cash flow to assess the cash position for a company. (SLO 6.2, SLO 10.4, SLO 13.4) (8% of grade for project)Determine and explain the market value added and economic value added to ascertain whether a company is creating or destroying value. (SLO 6.2, SLO 13.4) (7% of grade for project)Specifically describe the capital budgeting process, in particular the net present value method in order to demonstrate the importance of the timing and risks associated with cash flows. (SLO 6.3, SLO 6.5, SLO 10.4, SLO 13.3, SLO 13.4) (15% of grade for project)Specifically describe cost-volume-profit analysis for the company to assure the understanding of the elements of operating income. (SLO 1.5, SLO 11.6, SLO 13.3, SLO 13.4) (15% of grade for project)Make a recommendation that the company’s financial condition is: “excellent”, “healthy”, or “ill”. (SLO 13.3, SLO 13.4) (10% of grade for project)Demonstrate proficient writing skills (SLO 13.6) (10% of grade for project)5 days ago
Strategic Plan Part III: Balanced Scorecard
Students will have the opportunity to develop a Balanced Scorecard. This, in turn, will allow them to create effective str ...
Strategic Plan Part III: Balanced Scorecard
Students will have the opportunity to develop a Balanced Scorecard. This, in turn, will allow them to create effective strategic objectives to be included as part of their overall strategic plan. They will also be presented with the task of creating a brief communication plan that will be used by their proposed division to efficiently distribute information with regard to their strategic initiatives. Assignment Steps Resources: Strategic Planning Outline and Week 4 textbook readings Create a minimum 950-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.Identify key trends, assumptions, and risks in the context of your final business model.Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks. The strategic objectives are measures of attaining your vision and mission. As you develop them, consider the vision, mission, and values for your business and the outcomes of your SWOTT analysis. Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as:Market shareRevenues and costsProfitabilityCompetitive positionCustomer Value Perspective, which includes strategic objectives in areas such as:Customer retention or turnoverCustomer satisfactionCustomer valueProcess or Internal Operations Perspective, which includes strategic objectives in areas such as:Measure of process performanceProductivity or productivity improvementOperations metricsImpact of change on the organizationLearning and Growth (Employee) Perspective, which includes strategic objectives in areas such as:Employee satisfactionEmployee turnover or retentionLevel of organizational capabilityNature of organizational culture or climateTechnological innovationEvaluate potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis assignment and table you completed in Week 3.Create at least three strategic objectives for each of the four balanced scorecard areas. Base your solutions on a ranking of alternative solutions including the following:Identify potential risks and mitigation plans.Analyze a stakeholder and include mitigation and contingency strategies.Incorporate ethical implications.Develop a specific metric and target for each strategic objective using a balanced scorecard format. Example: a strategic objective in the shareholder or financial perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, "The percentage of increase in market share." The target is the specific number to be achieved in a particular time period. The target for the metric of "Increase market share" could be "Increase market share by 2% for each of the next 3 years" of an increase of 2% per year for 3 years.
Week 5 Manager of Quality Control for Stensil Fertilizer & Chemical Co Memo
This is where you submit the Excel document containing your work on the SPC project. All answers should be recorded in the ...
Week 5 Manager of Quality Control for Stensil Fertilizer & Chemical Co Memo
This is where you submit the Excel document containing your work on the SPC project. All answers should be recorded in the Excel document, or you may type the memos and the answers in a separate Word document.There are two cases in this project. Below are the details on the two cases in the SPC Project (Based on Chapter 6S Statistical Process Control). In this module, there is an Excel spreadsheet labeled SPC Project - BLANK New_2019 that has the sample data and includes spaces to add your SPC Control Chart data (for Case 1) and includes the data to build the SPC Charts in Case 2. That Excel file should be submitted during Week 5. Make sure to substitute your name for the word BLANK when you save the Excel file.Case 1: Frito-Lay Salt TestA. Read the first case (Frito-Lay) description below.B. Watch the video in this module for the Frito-Lay case (the video must be watched in its entirety to get full credit).C. You must also submit a Word document containing a memo to Angela McCormack and answering the additional two questions.Case 1 DescriptionFrito-Lay, the multi-billion-dollar snack food giant, produces billions of pounds of product every year at its dozens of U.S. and Canadian plants. From the farming of potatoes-in Florida, North Carolina, and Michigan-to factory and to retail stores, the ingredients and final product of Lay's chips, for example, are inspected at least 11 times: in the field, before unloading at the plant, after washing and peeling, at the sizing station, at the fryer, after seasoning when bagged (for weight), at carton filling, in the warehouse, and as they are placed on the store shelf by Frito-Lay personnel. Similar inspections take place for its other famous products, including Cheetos, Fritos, Ruffles, and Tostitos.In addition to these employee inspections, the firm uses proprietary vision systems to look for defective potato chips. Chips are pulled off the high-speed line and checked twice if the vision system senses them to be too brown.The company follows the very strict standards of the American Institute of Baking (AIB), standards that are much tougher than those of the U.S Food and Drug Administration. Two unannounced AIB site visits per year keep Frito-Lay's plant on their toes. Scores, consistently in the "excellent" range, are posted, and every employee knows exactly how the plant is doing.There are two key metrics in Frito-Lay's continuous improvement quality program: (1) total customer complaints (measured on a complaints per million bag basis) and (2) hourly or daily statistical process control scores (for oil, moisture, seasoning, and salt content, for chip thickness, for fryer temperature, and for weight).In the Florida plant, Angela McCormack, who holds engineering and MBA degrees, oversees a 15-member quality assurance staff. They watch all aspects of quality, including training employees on the factory floor, monitoring automated processing equipment, and developing and updating statistical process control (SPC) charts. The upper and lower control limits for one check point, salt content in Lay's chip, are 2.22% (UCL) and 1.98% (LCL), respectively. To see exactly how the limits are created using SPC, watch the Frito Lay Control Charts video in the Module below that accompanies this case.In the Excel document (below in this Module) you are going to create a new set of UCL and LCL measurements based on the below sample data and using the provided population parameter for standard deviation. Calculate the measurements and show your work.Angela is evaluating a new salt process delivery system and wants to know if the upper and lower control limits at 3 standard deviations for the new system will meet the upper and lower controls specifications currently used (2.22 and 1.98). The population standard deviation is s = .07 and each sample is n=4. In a Word document, write a memo to Angela explaining whether or not the new salination process (from which we obtained the sample data) is delivering a new set of UCL/LCL measurements that is within the specifications set by the current set of control limits. In other words, does the new set of UCL/LCL measurement exceed the prior limits (meaning it is unacceptable) or equals or is less than the current specifications?Additionally, in the same Word document, answer the following two critical thinking questions about Frito-Lay's current quality process.Question 1: How much of an improvement in variability did Frito-Lay make by implementing SPC?Question 2: What are the steps Karen Engels and Barbara Boudreau go through as part of a testing cycle?The data (in percent) from the initial trial samples using the new salting process are:Sample 1:1.982.112.152.06Sample 2:1.992.02.081.99Sample 3:2.202.102.202.05Sample 4:2.182.012.231.98Sample 5:2.012.082.142.16Case 2: Stensil Fertilizer and Chemical Co. Inorganic Fertilizer TestingA. Read the second case (Stensil) description below (also found in the Excel file, second tab).B. Watch the second video in this module which explains how to build an SPC chart in Excel (the video must be watched in its entirety to get full credit).C. You must also submit a Word document containing a memo to Bill Evans, Quality Control Manager for Stensil.Case 2 DescriptionStensil Fertilizer and Chemical Company produces both organic and inorganic fertilizers. Organic fertilizers are generally safe, but inorganic fertilizers are carefully monitored by the EPA due to the presence of hazardous waste materials (hazmat). Most bags contain some hazardous content, but theoretically there should be none. The EPA allowable specification is 90 parts per million (PPM). The quality control department at Stensil feels that there is no problem with hazardous material content, which has been averaging just over 50 PPM. The production department estimates that a substantial investment would be required to lower the amount of this contaminant. These two departments, after consulting with the marketing department and the EPA, suggest that a control chart be set up to monitor hazmat content. Five samples will be tested per day and plotted as one point on the chart. Use the data in Table 1 to set up the control limits. Then, after the limits are in place for this process, use Table 2 to determine whether or not the process remains in control for the week of September 6—10.The Excel file includes a second tab for the Stensil Fertilizer Case (Case 2). This is the data you need for the problem. Build an appropriate SPC X-bar Chart and R-chart for the Table 1 data on this tab of the Excel worksheet.Then, test to determine whether the Table 2 data indicates the process is under control for that period. Show your work for this part in the same Excel worksheet and submit it.Assuming the role of Quality Control Analyst, write a memo (using Word) to the Manager of Quality Control for Stensil Fertilizer & Chemical Company (Bill Evans) explaining the process you went through and making a recommendation regarding current hazmat levels in Stensil's fertilizer.
4 pages
Characteristics Of Leaders
Mark Zuckerberg, the CEO of Facebook, is a transformational leader. This is because he believes in the shared vision philo ...
Characteristics Of Leaders
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MGMT670 Oxford University Strategic Management Final Strategy Paper
In this paper, examine your organization’s generic and diversification strategies, its international moves, and its ethi ...
MGMT670 Oxford University Strategic Management Final Strategy Paper
In this paper, examine your organization’s generic and diversification strategies, its international moves, and its ethics, social responsibility, and environmental sustainability practices. Submit your work in your assignment folder in the form of an approximate 2,000-word double-spaced APA-formatted paper. The title page, reference list, and any appendices are not included in this suggested word count. You do not need to include an abstract.My organization is Penn National GamingYour paper should address these topics:Your organization's generic strategy or strategies.Any diversification strategies the organization pursues.Any international moves made by your organization. Does it operate internationally? In what format(s)?What ethics policies and practices does your organization have in place?Does your organization practice social responsibility? In what way(s)?What are your organization's environmental sustainability practices?Need at least 4 scholarly referencesRubric Name: Grading Rubric for Papers
Grantham Week 4 CHAP8 Johnson vs Transportation Agency Case Study
Week 4 Case Questions
Select TWO court cases (from different chapters) from the list below, and respond in writing to t ...
Grantham Week 4 CHAP8 Johnson vs Transportation Agency Case Study
Week 4 Case Questions
Select TWO court cases (from different chapters) from the list below, and respond in writing to the case questions. .
1.Johnson v. Transportation Agency, Santa Clara County (Ch 8, p 269).
2.Lomack v. City of Newark (Ch 8, p 275).
3.Cleveland Firefighters for Fair Hiring Practices v. City of Cleveland I & II (Ch 8, p 278).
4.Gerald v. University of Puerto Rico (Ch 9, p 304).
5.EEOC v. Management Hospitality of Racine (Ch 9, p 314).
6.Hardage v. CBS (Ch 9, p 319).
The requirements below must be met for your paper to be accepted and graded:
•Write between 750 – 1,250 words (approximately 3 – 5 pages) using Microsoft Word in APA style, see example below..
•Use font size 12 and 1” margins..
•Include cover page and reference page..
•At least 80% of your paper must be original content/writing..
•No more than 20% of your content/information may come from references..
•Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement..
•Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style..
References must come from sources such as, scholarly journals found in EBSCOhost, CNN, online newspapers such as, The Wall Street Journal, government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow, blogs, etc. are not acceptable for academic writing.
Florida Atlantic University Nike Company Worksheet
COURSE PROJECT/CHECKPOINT ASSIGNMENTEach student will be assigned a company ( Nike )for which they will conduct a financia ...
Florida Atlantic University Nike Company Worksheet
COURSE PROJECT/CHECKPOINT ASSIGNMENTEach student will be assigned a company ( Nike )for which they will conduct a financial analysis. Included in the analysis will be the following items:Background Information/Environmental ScanDuPont IdentityCurrent RatioQuick RatioInventory Holding PeriodAverage Collection PeriodDebt RatioFree Cash FlowMarket Value Added Economic Value AddedDividend YieldRequired Rate of Return based on the Capital Asset Pricing ModelAfter calculating the above items, the student will make a recommendation to buy, sell, or hold the company’s common stock at its current price. The recommendation should be based on the calculations required plus any other information about the company that the student believes pertinent.In a separate section of the paper, the student will describe a situation in which his/her company would make use of capital budgeting. No calculations are required. This section of the paper would be about one to two pages describing the process that the company would make use of for analyzing the capital budgeting situation.In a third section of the paper, the student should describe how the company would use cost-volume-profit analysis for one of its products. No calculations are necessary; just provide an explanation of how the process works. This section of the paper should be one to two pages.Grading for the analysis will be based on the following:Environmental Scan/Background 20 pointsRatio Calculations 15 pointsFree Cash Flow Calculations 8 pointsMarket Value Added? Economic Value Added 7 pointsCapital Budgeting Discussion 15 pointsCost-Volume-Profit Analysis Discussion 15 pointsConclusions 10 pointsQuality of Writing and Sources 10 pointsExtra credit is not applicable or available in this course.Rubric for Company AnalysisBUS 311, Financial Management Critical AssignmentThe critical assignment for BUS 311, Financial Management is one of a series of assignments designed to demonstrate that students have achieved the learning outcomes established for the majors in the College of Business and Management.The specific objective of this critical assignment is to assure that students have a sufficient level of accounting and finance skills to conduct financial analyses of an organization. These exercises will provide students with the opportunity to integrate and implement theory to practice and will prepare students to develop a comprehensive business plan in the capstone course during the final year of study.For the purpose of this exercise, students will choose a company for which they will conduct an environmental scan and a financial analysis. The analysis of the company should culminate with students recommending that the company is “excellent,” “healthy,” or “ill.” Students will be evaluated based on correctness of the calculations, the insight of the analysis, and the quality of the discussion relating to the requirements.Before performing the financial analysis, students will prepare an environmental scan, which will discuss the various forces with which an organization must contend to assure that its business model has a chance for success. The specific calculations should include:DuPont IdentityCurrent RatioQuick RatioInventory Holding PeriodAverage Collection PeriodDebt RatioDividend YieldRequired Rate of Return based on the Capital Asset Pricing ModelFree Cash FlowMarket Value Added Economic Value AddedAdditionally, students will be expected to prepare an executive summary of the process of capital budgeting, using an example that is specific to the company that is being analyzed. An executive summary of cost-volume-profit analysis is also required, using an example that is specific to the company that is being analyzed.The written paper is to be typed double–spaced, 1’ margins, Times New Roman and 12-point font, with correct spelling and grammar, proper citation, references, with a cover page and organized with headings. The instructor’s approval of the topic is required.The following Library resources and websites could assist students in conducting the research to do the Critical Assignment:Lynn Library Sources:Business majors can also avail themselves of all Lynn University Library databases(Links to an external site.) and the business specific databases (Links to an external site.) such as: ABI/Inform, Business Insights: Essentials, Passport by Euromonitor, and Statista.Directions to access: Go to Lynn University Website: www.lynn.edu (Links to an external site.)Click the Libraries Tab Click DatabasesClick on the « All Subject » dropdown= Business http://lynnlibrary.libguides.com/az.php?s=43296 (Links to an external site.)Websites:www.zacks.com (Links to an external site.)www.bloomberg.com/markets/rates/index.html (Links to an external site.)www.moodys.com (Links to an external site.)www.bondsonline.com (Links to an external site.)www.federalreserve.gov (Links to an external site.)www.morningstar.com (Links to an external site.)http://finance.yahoo.com/ (Links to an external site.)http://www.gurufocus.com/ (Links to an external site.)https://www.google.com/finance (Links to an external site.)Student Learning Outcomes:Students will be able to:Conduct an environmental scan, indicating future prospects for a company. (SLO 3.3, SLO 7.4, SLO 12.3) (20% of grade for project)Calculate and interpret financial ratios to ascertain the overall health of a company. (SLO 1.2, SLO 6.1, SLO 13.4) (15% of grade for project)Determine and explain free cash flow to assess the cash position for a company. (SLO 6.2, SLO 10.4, SLO 13.4) (8% of grade for project)Determine and explain the market value added and economic value added to ascertain whether a company is creating or destroying value. (SLO 6.2, SLO 13.4) (7% of grade for project)Specifically describe the capital budgeting process, in particular the net present value method in order to demonstrate the importance of the timing and risks associated with cash flows. (SLO 6.3, SLO 6.5, SLO 10.4, SLO 13.3, SLO 13.4) (15% of grade for project)Specifically describe cost-volume-profit analysis for the company to assure the understanding of the elements of operating income. (SLO 1.5, SLO 11.6, SLO 13.3, SLO 13.4) (15% of grade for project)Make a recommendation that the company’s financial condition is: “excellent”, “healthy”, or “ill”. (SLO 13.3, SLO 13.4) (10% of grade for project)Demonstrate proficient writing skills (SLO 13.6) (10% of grade for project)5 days ago
Strategic Plan Part III: Balanced Scorecard
Students will have the opportunity to develop a Balanced Scorecard. This, in turn, will allow them to create effective str ...
Strategic Plan Part III: Balanced Scorecard
Students will have the opportunity to develop a Balanced Scorecard. This, in turn, will allow them to create effective strategic objectives to be included as part of their overall strategic plan. They will also be presented with the task of creating a brief communication plan that will be used by their proposed division to efficiently distribute information with regard to their strategic initiatives. Assignment Steps Resources: Strategic Planning Outline and Week 4 textbook readings Create a minimum 950-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.Identify key trends, assumptions, and risks in the context of your final business model.Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks. The strategic objectives are measures of attaining your vision and mission. As you develop them, consider the vision, mission, and values for your business and the outcomes of your SWOTT analysis. Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as:Market shareRevenues and costsProfitabilityCompetitive positionCustomer Value Perspective, which includes strategic objectives in areas such as:Customer retention or turnoverCustomer satisfactionCustomer valueProcess or Internal Operations Perspective, which includes strategic objectives in areas such as:Measure of process performanceProductivity or productivity improvementOperations metricsImpact of change on the organizationLearning and Growth (Employee) Perspective, which includes strategic objectives in areas such as:Employee satisfactionEmployee turnover or retentionLevel of organizational capabilityNature of organizational culture or climateTechnological innovationEvaluate potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis assignment and table you completed in Week 3.Create at least three strategic objectives for each of the four balanced scorecard areas. Base your solutions on a ranking of alternative solutions including the following:Identify potential risks and mitigation plans.Analyze a stakeholder and include mitigation and contingency strategies.Incorporate ethical implications.Develop a specific metric and target for each strategic objective using a balanced scorecard format. Example: a strategic objective in the shareholder or financial perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, "The percentage of increase in market share." The target is the specific number to be achieved in a particular time period. The target for the metric of "Increase market share" could be "Increase market share by 2% for each of the next 3 years" of an increase of 2% per year for 3 years.
Week 5 Manager of Quality Control for Stensil Fertilizer & Chemical Co Memo
This is where you submit the Excel document containing your work on the SPC project. All answers should be recorded in the ...
Week 5 Manager of Quality Control for Stensil Fertilizer & Chemical Co Memo
This is where you submit the Excel document containing your work on the SPC project. All answers should be recorded in the Excel document, or you may type the memos and the answers in a separate Word document.There are two cases in this project. Below are the details on the two cases in the SPC Project (Based on Chapter 6S Statistical Process Control). In this module, there is an Excel spreadsheet labeled SPC Project - BLANK New_2019 that has the sample data and includes spaces to add your SPC Control Chart data (for Case 1) and includes the data to build the SPC Charts in Case 2. That Excel file should be submitted during Week 5. Make sure to substitute your name for the word BLANK when you save the Excel file.Case 1: Frito-Lay Salt TestA. Read the first case (Frito-Lay) description below.B. Watch the video in this module for the Frito-Lay case (the video must be watched in its entirety to get full credit).C. You must also submit a Word document containing a memo to Angela McCormack and answering the additional two questions.Case 1 DescriptionFrito-Lay, the multi-billion-dollar snack food giant, produces billions of pounds of product every year at its dozens of U.S. and Canadian plants. From the farming of potatoes-in Florida, North Carolina, and Michigan-to factory and to retail stores, the ingredients and final product of Lay's chips, for example, are inspected at least 11 times: in the field, before unloading at the plant, after washing and peeling, at the sizing station, at the fryer, after seasoning when bagged (for weight), at carton filling, in the warehouse, and as they are placed on the store shelf by Frito-Lay personnel. Similar inspections take place for its other famous products, including Cheetos, Fritos, Ruffles, and Tostitos.In addition to these employee inspections, the firm uses proprietary vision systems to look for defective potato chips. Chips are pulled off the high-speed line and checked twice if the vision system senses them to be too brown.The company follows the very strict standards of the American Institute of Baking (AIB), standards that are much tougher than those of the U.S Food and Drug Administration. Two unannounced AIB site visits per year keep Frito-Lay's plant on their toes. Scores, consistently in the "excellent" range, are posted, and every employee knows exactly how the plant is doing.There are two key metrics in Frito-Lay's continuous improvement quality program: (1) total customer complaints (measured on a complaints per million bag basis) and (2) hourly or daily statistical process control scores (for oil, moisture, seasoning, and salt content, for chip thickness, for fryer temperature, and for weight).In the Florida plant, Angela McCormack, who holds engineering and MBA degrees, oversees a 15-member quality assurance staff. They watch all aspects of quality, including training employees on the factory floor, monitoring automated processing equipment, and developing and updating statistical process control (SPC) charts. The upper and lower control limits for one check point, salt content in Lay's chip, are 2.22% (UCL) and 1.98% (LCL), respectively. To see exactly how the limits are created using SPC, watch the Frito Lay Control Charts video in the Module below that accompanies this case.In the Excel document (below in this Module) you are going to create a new set of UCL and LCL measurements based on the below sample data and using the provided population parameter for standard deviation. Calculate the measurements and show your work.Angela is evaluating a new salt process delivery system and wants to know if the upper and lower control limits at 3 standard deviations for the new system will meet the upper and lower controls specifications currently used (2.22 and 1.98). The population standard deviation is s = .07 and each sample is n=4. In a Word document, write a memo to Angela explaining whether or not the new salination process (from which we obtained the sample data) is delivering a new set of UCL/LCL measurements that is within the specifications set by the current set of control limits. In other words, does the new set of UCL/LCL measurement exceed the prior limits (meaning it is unacceptable) or equals or is less than the current specifications?Additionally, in the same Word document, answer the following two critical thinking questions about Frito-Lay's current quality process.Question 1: How much of an improvement in variability did Frito-Lay make by implementing SPC?Question 2: What are the steps Karen Engels and Barbara Boudreau go through as part of a testing cycle?The data (in percent) from the initial trial samples using the new salting process are:Sample 1:1.982.112.152.06Sample 2:1.992.02.081.99Sample 3:2.202.102.202.05Sample 4:2.182.012.231.98Sample 5:2.012.082.142.16Case 2: Stensil Fertilizer and Chemical Co. Inorganic Fertilizer TestingA. Read the second case (Stensil) description below (also found in the Excel file, second tab).B. Watch the second video in this module which explains how to build an SPC chart in Excel (the video must be watched in its entirety to get full credit).C. You must also submit a Word document containing a memo to Bill Evans, Quality Control Manager for Stensil.Case 2 DescriptionStensil Fertilizer and Chemical Company produces both organic and inorganic fertilizers. Organic fertilizers are generally safe, but inorganic fertilizers are carefully monitored by the EPA due to the presence of hazardous waste materials (hazmat). Most bags contain some hazardous content, but theoretically there should be none. The EPA allowable specification is 90 parts per million (PPM). The quality control department at Stensil feels that there is no problem with hazardous material content, which has been averaging just over 50 PPM. The production department estimates that a substantial investment would be required to lower the amount of this contaminant. These two departments, after consulting with the marketing department and the EPA, suggest that a control chart be set up to monitor hazmat content. Five samples will be tested per day and plotted as one point on the chart. Use the data in Table 1 to set up the control limits. Then, after the limits are in place for this process, use Table 2 to determine whether or not the process remains in control for the week of September 6—10.The Excel file includes a second tab for the Stensil Fertilizer Case (Case 2). This is the data you need for the problem. Build an appropriate SPC X-bar Chart and R-chart for the Table 1 data on this tab of the Excel worksheet.Then, test to determine whether the Table 2 data indicates the process is under control for that period. Show your work for this part in the same Excel worksheet and submit it.Assuming the role of Quality Control Analyst, write a memo (using Word) to the Manager of Quality Control for Stensil Fertilizer & Chemical Company (Bill Evans) explaining the process you went through and making a recommendation regarding current hazmat levels in Stensil's fertilizer.
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