Assignment ContentScenario: ABC Company, a midsize organization founded in 2010, is a health care company specializing in hospital products. ABC employs approximately 600 employees. The company is currently doing business in the Midwestern states.The new president, Jason Fenwick, is eager to take the organization to the next level of performance. Jason’s plan is to grow the business through entry into the medical device business. Cultural considerations for the growth strategy include: A passion for innovation, expansion, and growthCollaboration and teamworkA discovery mindsetDrive and a bias for actionABC has established a track record of success. Financial goals have been reached every year for the past five years. The health care industry continues to experience extraordinary change and Jason senses that the time is right to expand the footprint of ABC through entering a new market, the medical device business.With the new strategic direction in mind, Jason has recruited you from a major competitor of ABC, as the new Vice President of Human Resources. You were selected based on your outstanding performance, innovative approach to HR as demonstrated in your former organization, and your bias for action and results. Jason admires your strategic skills and proven accomplishments.Jason is excited to move forward and has requested a proposal from you about your best thinking in aligning the HR function with the new strategic direction. Keep in mind, skills for entering into the medical devices business are not currently possessed within the workforce. This will impact the approach to Talent Acquisition and Retention. Develop the proposal requested by Jason, include the following seven considerations:Synthesize what you learned from being in charge of HR for a small business that you would like to try to implement at ABC.Analyze the challenges of working in HR for a larger business like ABC that need to be addressed to better align the HR function with the new strategic direction.Evaluate each HR functional area to determine what changes will be needed to align with and support the new strategic direction (Refer to Appendix B for assistance):Functional Area #1: Talent Acquisition & RetentionFunctional Area #3: Learning & DevelopmentFunctional Area #4: Total RewardsFunctional Area #6: Organizational Effectiveness & DevelopmentFunctional Area #11: Diversity & InclusionFunctional Area #15: Business & HR StrategyIntegrate the cultural considerations discussion important to Jason into the proposal.Create a business case that includes the business objectives you hope to achieve by aligning the HR organization with the new strategic direction, with a strong focus on growth.Analyze legal and ethical considerations related to the functional areas covered.Create 3 to 5 frequently asked questions(FAQ) with answers in preparation for discussions with other members of Jason’s executive leadership team.Research information on HR strategic planning proposals using the internet and University Library.Design a 1,050- to 1,400-word proposal to respond request made by Jason.Write the plan in the third-person voice.Use the bullet points in the assignment as an organizational tool to develop headings (the exact wording of headings is your choice) that will signal the topics and keep your document organized.Submit your assignment.

Matheson Electronics has just developed a new electronic device that it believes will have broad market appeal. The company has performed marketing and cost studies that revealed the following information:New equipment would have to be acquired to produce the device. The equipment would cost $318,000 and have a six-year useful life. After six years, it would have a salvage value of about $18,000.Sales in units over the next six years are projected to be as follows:YearSales in Units18,000213,000315,0004–617,000Production and sales of the device would require working capital of $62,000 to finance accounts receivable, inventories, and day-to-day cash needs. This working capital would be released at the end of the project’s life.The devices would sell for $35 each; variable costs for production, administration, and sales would be $15 per unit.Fixed costs for salaries, maintenance, property taxes, insurance, and straight-line depreciation on the equipment would total $169,000 per year. (Depreciation is based on cost less salvage value.)To gain rapid entry into the market, the company would have to advertise heavily. The advertising costs would be:YearAmount of YearlyAdvertising1–2$120,000 3$51,000 4–6$41,000 The company’s required rate of return is 8%.Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables.Required:1. Compute the net cash inflow (incremental contribution margin minus incremental fixed expenses) anticipated from sale of the device for each year over the next six years.2-a. Using the data computed in (1) above and other data provided in the problem, determine the net present value of the proposed investment.2-b. Would you recommend that Matheson accept the device as a new product?