Develop a formative and summative evaluation for training that was just completed on "how to create a resume." This was a fictitious training that was completed, so use your imagination when creating the formative and summative evaluations. I have included an article about how to create a resume and a sample of a formative evaluation.Your Formative Evaluation is going to assess the training and overall process as a whole. What was done well and what can be done better?Your Summative Evaluation is going to evaluate your trainees on the material they have just received in your training session. This is typically done in a pre/post test manner

Lindell Manufacturing embarked on an ambitious quality program that is centered on continual improvement. This improvement is operationalized by declining quality costs from year to year. Lindell rewards plant managers, production supervisors, and workers with bonuses ranging from $1,000 to $10,000 if their factory meets its annual quality cost goals. Len Smith, manager of Lindell’s Boise plant, felt obligated to do everything he could to provide this increase to his employees. Accordingly, he has decided to take the following actions during the last quarter of the year to meet the plant’s budgeted quality cost targets: Decrease inspections of the process and final product by 50% and transfer inspectors temporarily to quality training programs. Len believes this move will increase the inspectors’ awareness of the importance of quality; also, decreasing inspection will produce significantly less downtime and less rework. By increasing the output and decreasing the costs of internal failure, the plant can meet the budgeted reductions for internal failure costs. Also, by showing an increase in the costs of quality training, the budgeted level for prevention costs can be met. Delay replacing and repairing defective products until the beginning of the following year. While this may increase customer dissatisfaction somewhat, Len believes that most customers expect some inconvenience. Besides, the policy of promptly dealing with customers who are dissatisfied could be reinstated in 3 months. In the meantime, the action would significantly reduce the costs of external failure, allowing the plant to meet its budgeted target. Cancel scheduled worker visits to customers’ plants. This program, which has been very well received by customers, enables Lindell workers to see just how the machinery they make is used by the customer and also gives them first-hand information on any remaining problems with the machinery. Workers who went on previous customer site visits came back enthusiastic and committed to Lindell’s quality program. Lindell’s quality program staff believes that these visits will reduce defects during the following year. In this discussion: Evaluate Len’s ethical behavior. In this evaluation, consider his concern for his employees. Was he justified in taking the actions described? If not, what should he have done? Assume that the company views Len’s behavior as undesirable. What can the company do to discourage it? Assume that Len is a CMA and a member of the IMA. Refer to the ethical code for management accountants in Chapter 1. Were any of these ethical standards violated?

CompetenciesIn this project, you will demonstrate your mastery of the following competencies:Determine how an organization gains a competitive advantageDetermine organizational risk and growth opportunities in order to develop a strategic planDefend business decisions in support of an organization’s strategic planScenarioIt’s the moment of truth: your opportunity to demonstrate why your new product or service is worth funding. You have done the research and know that the funding you seek can be a game changer for the company. Not only will it produce revenue and profitability, but more importantly, it will strategically set the company apart from its competition.You just have to convince senior management.In preparation, you have created a checklist for yourself to use in compiling information that includes research, feasibility of the idea via the BMC, scope of project (timeline included), project risk mitigation, DEI, CSR, and 24-month pro forma.You know that anything can happen in a funding pitch. With this in mind, you are prepared to answer questions that encompass all aspects of the project.DirectionsCreate a pitch for funding. In this pitch, you will have to convince senior management to greenlight the new product or service. Aspects of the pitch that must be addressed:Value proposition: Describe the company’s current value proposition in the market.Describe the selected company’s main product or service.Discuss the company’s overall strategic plan.Competitive advantage: Describe the competitive advantage the company will gain by funding the project.Describe how you discovered an opportunity to do something better than your competitors.Determine how the new product or service shifts the value proposition of the company.Risks and opportunities: Establish the risks and growth opportunities of the company.Determine if the new product or service could disrupt the current industry.Identify the risks associated with the development of this new product or service.Growth opportunities: Describe the areas of potential growth for the company.Identify the growth opportunities within the company.Explain how the competitive advantage allows for growth.Distinguish as a new product or innovation: Distinguish the new product/service as an innovation or improvement on an existing product/service.Determine if the product or service fits within the capabilities of the company.Note: a company’s SWOT analysis or 10-K is an indicator of whether the new product or service could be feasible.Explain how the new product or service adds to the portfolio of the company.Target segment: Describe the targeted segment.Identify the target customer.Explain your blue ocean strategy.Note: The new market is identified here.Speculate sales: Speculate on the projected sales.Justify your product or service by the numbers; discuss your projected revenue gain.Note: it MUST have an ROI that justifies the project for investors and/or senior management.Explain the risks associated with projected sales.Speculate profitability: Speculate on the profitability of your proposed product or service.Determine if the project is profitable.Note: In this pitch for funding, senior management has to know that the project, based on market research, is speculated to be profitable. Use the company’s current income statement to project how the company’s profitability will be affected. Look to other companies in the marketplace with products or services similar to the one you are proposing as a basis for your projections. Note: these numbers are purely speculative.Determine the impact on the functional areas of the business (accounting, marketing, sales, and so on).CSR plan: Outline the plan to service the community or customers that purchase the product or service.Discuss how the idea demonstrates corporate social responsibility (CSR).Identify what the company has invested in as it relates to the communities they serve.Discuss how a good CSR plan helps the company gain competitive advantage.DEI plan: Summarize how the project will include a variety of perspectives to get a better unique value proposition.Determine if the company has a corporate culture built on DEI.Discuss how the project’s DEI plan fits into the company’s overall strategic plan.