Module 04 Course Project - Presenting your Technology Choices

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We've learned how big of an advantage that technology can be in today's business environment. Every major strategic management goal will make use of multiple types of technology during implementation. In this assignment, you will need to create a presentation for the upper management at your chosen course project business. The presentation will focus on suggesting two pieces of technology that you feel are essential to the implementation of your chosen strategic management goal. This presentation will be in PowerPoint and requires the recording of audio. Below is a detailed breakdown of what should be included in the presentation. Remember that presentations need to engage the audience through visual and auditory means. Use PowerPoint's features to accomplish this.

  • Create a title slide.
  • Summarize the goal you are trying to accomplish and the value it will bring to the business.
  • Identify two pieces of technology that you believe are essential to you accomplishing your chosen strategic management goal.
    • What are the strengths and weaknesses of each technology?
    • Why is each of these pieces of technology important to the implementation and execution of your chosen goal?
  • Provide research that supports your technology choices.
    • Cite a minimum of 1 scholarly source.
      • Include a final APA works cited slide.
  • Format the presentation so that it's engaging and employs advanced formatting features such as templates, transitions, charts, or video.
  • Use the "Audio" feature under the "Insert" tab in PowerPoint to record the audio for the presentation.
    • It's important to be informative while still being persuasive. Focus on explaining the use of the technology and the value that the technology will bring to the business if used correctly.

*A note about scholarly and credible sources: Scholarly sources are peer reviewed or published in a recognized scholarly source, like a journal or a university publisher. You will find these through the Rasmussen Online Library. Credible sources are reliable, accurate, and trustworthy. These sources are written by authors respected in their fields of study (all scholarly sources are credible sources). You want to identify sources where the author of the article is listed, if they've referenced other information, the sources should be cited so that you can check for accuracy and support for what they have written. Wikipedia is not considered a credible source. For more information on credible sources, please visit the Rasmussen Online Library.

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Project Overview Throughout this course your ability to draw upon current and prior business management knowledge is key. Using this knowledge, you will create a strategic management plan of an organization of your choosing, while focusing on developing an effective executive summary. Halfway through the project you will need to set original strategic goals for your chosen company to accomplish. The second half of the project will then focus on budgeting and planning for the completion of these goals. A strategic plan is really a road map for the future of a business. It provides guidance and direction for all aspects of an organization in support of the company's goals. It draws upon all areas of business including human resources, marketing, IT, and finance, and even looks at the external influences and the competitive marketplace. It requires you to pull together everything you learned throughout your course of study as well as incorporate current and relevant research. Due Date Your final project is due in Week 6. There will be individual assignments, sometimes two in a week, along the way. The week they are due is noted in the time line below. Time Line Week Assignment 01 Company Selection; Ethics and Creating a Mission Statement 02 Internal and External Analysis; Market Analysis 03 Human Resources Strategy; Budget Estimates 04 Technology Allocation; Implementation Timeline 05 Control and Evaluation Methods; Executive Summary 06 Reflection; Final Project Submission Requirements Your project is built in stages throughout the course as noted in the timeline above. As you move on to the next stage, be sure to revise your work based on instructor feedback. This is important because week 6 will require you to compile all the previous portions of the project, revise them, and then turn in a completed strategic management plan. For many stages of the project you will need to conduct additional research. As you do remember: • • Use statements and ideas that you have come up with on your own and blend these with your research. Do not plagiarize. If you want to use actual words from a source, put them in quotation marks and include the source. Follow APA format only for citing your sources. For APA guidelines, go to your college's Online Library which you can access through the Resources tab. Evaluation Each assignment leading up to the final paper is evaluated and graded independently. Your instructor will provide specific grading criteria for each step of the project prior to its due date. Running head: MODULE 3 COURSE PROJECT Module 3 Course Project Linsey Mendoza Rasmussen College Author Note This paper is being submitted on January 27, 2018 for Mark Anderson’s B489/MAN4900 Winter Quarter course. 1 2 MODULE 3 COURSE PROJECT Budget Estimates Goal choice The goal of Ford Company is to be the most successful automaker globally. The company will deal with all types of vehicles: Service Utility Vehicles, saloon cars, trucks and other heavy commercial vehicles. Ford Company will not only carry out, the manufacturing of vehicle auto parts but will also be involved in other motor vehicle type of businesses. The services offered will be vehicle service, vehicle leasing, and automotive finance. The mega automaker company will majorly invest in the manufacturing of trucks because they are forecasted to be in tremendous demand compared to the other type of vehicles. Moreover, there will also be a need for the company to incorporate technology in the production of the vehicles and the services offered by The Company in the automobiles world. The company will make efforts of making mergers with technology companies like Uber and Google. Furthermore, the company is to have branches in across all countries in both the northern hemisphere and the Southern Hemisphere. It is also planned that Europe and the American continents will have at least ten plants for the manufacturing of auto parts whereas Asia and Africa will have at least five production plants. The multinational company is to be operational in a twenty-four-hour economy. Hence there will be need of a large labor force to operate in shifts. The choice of the employees will be based on educational qualification and experience through face to face interviews. Moreover, the process of marketing will do using audiovisuals like televisions and use of marketers. The operating budget 3 MODULE 3 COURSE PROJECT General Operations This is the expenses that will be incurred during the manufacturing of the auto parts: Cost of raw materials in the whole production process of the first group of ten vehicles – 100,000 (one hundred thousand) USD Cost of setting up a single manufacturing plant- (250,000) two hundred and fifty thousand USD Machinery and plant expenses- 200,000 (two hundred thousand) USD Human Resources This will be the budget of all the cost involved with the use of human capital: The total expenditure on salaries- 25 %(Twenty-five percent) of the total profit realizes by the company. Then from there will be a breakdown of the definite amount of salaries differentiable by the operational sectors of the company. The manufacturing sector will be the highest paid. The total amount of commissions – 20 %( twenty percent) of goods sold above five cars in a week. This will apply to marketers only. Overtime payment-10% (ten percent) of the total salary per seventy-two hours. Interviewers- paid on contract basis Training of recruits- 10,000(ten thousand) USD. Marketing This will take into account the procedures that will involve sales promotion. TV advertisement- 100,000 (one hundred thousand) USD 4 MODULE 3 COURSE PROJECT Billboards- 7,000 (seven thousand) USD Marketers- Paid on commission basis with a basic salary of 250(two hundred and fifty) USD Miscellaneous expenses Rent- 100,000(One hundred thousand) per plant Utilities-85,000(eighty-five thousand) Insurance- 5 %( five percent) Fees-10,000(ten thousand) USD Taxes- 10 %( ten percent) on sales Interest- 15 %( fifteen percent) Depreciation-10 %( ten percent) Maintenance-100,000 (One hundred thousand) USD With the already set up marketing strategies, it will now be easier for the promotion of the products. Moreover, the budget on human resource will limit me to a specific amount of labor force required by the company. The management strategies will fall under the human capital budget. Capital budgeting New machinery. After the purchase of new machinery that will increase production and have an estimated life of fifteen years, the company will be able to produce twenty cars in a day from a single plant. MODULE 3 COURSE PROJECT New products. The offering of other additional services by the company will see it maximize revenue collection by maximum utilizing resources. 5 6 MODULE 3 COURSE PROJECT References Western State College of Colorado. (2012). Operating budgets. Gunnison, Colo.: Western State College of Colorado. Running head: MODULE 3 COURSE PROJECT Module 3 Course Project Linsey Mendoza Rasmussen College 1 MODULE 3 COURSE PROJECT 2 Improved Human Capital Management Human capital has been identified as a vital stimulus towards 1the development of the organizations. When human capital is well managed, the economic growth is made possible. The economic development of an organization does not only require substantial capital investments or innovation capabilities; human capital management is another aspect that must be taken into consideration. This essay will discuss how improved human capital management will influence the overall development of a Company. To attain improved human capital management, employees must possess the right traits. Employees2 must cooperate with the administration for achieving a consensus on what to improve in the organization. Adopting improved human resource management is very vital in ensuring that the institution is attaining a global market success. Employees should be participative regarding contributing to the decision-making process. Hiring freelancers will be one of the ways to attract employees for hire; this will encourage as many people as possible as they will be working on the contract basis (Erlenkotter, 2014). The second strategy that I will use is the use of coaching culture and training culture to tap new millennials who are just fresh from training institutions. These procedures will be the best since the Company desires to hire energetic employees that can work with a dedicated motivation. I will train my employees to face to face. Face to face, training will be best for the business. One of the advantages of this strategy is that it will cut down on the costs, which are involved in the setting up of the online training platforms. Secondly, the procedure will encourage and give room for personal interaction, which will promote explicit verification and clarification from employees (West & Ibrahim, 2015). This approach will be the best for Ford Company because the trainees will need to observe what is happening in the industry practice. The two areas where the MODULE 3 COURSE PROJECT 3 training will cover is personal relations and conflict resolution techniques. These will help them to work harmoniously with others. The preparation of the existing employees will include marketing strategies and the innovation skills. These aspects will better the trend in which work is done within Ford. I will design my training in a manner that will include an emphasis on social factors and external factors. In this case, the employees will be aware of the fundamental challenges that they are susceptible. To promote diversity, the training will be designed so that the technology advancements are included in the practice. The employees will be trained on how to incorporate technology into the production (Erlenkotter, 2014). Employee’s retention strategy is essential for any organization. Research says that employees do not quit jobs, they stopped managers and supervisors. To retain employees, ensure that the managers are in good relation with the employees. The managers must have the ability to compensate workers well as per the work is done. Compensation must go hand in hand with the amount of work the employees do. Employees must be rewarded accordingly. Rewards will motivate the employees and these acts as an excellent retention strategy. Each needs to feel acknowledged for what they do. Make it a propensity to thank your immediate reports when they go the additional mile, regardless of whether it is with an earnest email, a gift voucher or an extra three-day weekend (Erlenkotter, 2014). Demonstrate your representatives you value them and offer how their diligent work helps the organization. A few teams set up rewards frameworks that boost incredible thoughts and advancement, yet you can establish acknowledgment programs even on a little group with a bit of spending plan (Erlenkotter, 2014). In summary, improved human capital management must be taken into consideration in any organization. The managers must use the correct strategy to ensure new and existing employees MODULE 3 COURSE PROJECT 4 are trained in a manner that gears towards the goal of improved human capital management. Employee retention is also vital, and therefore best strategies must be established. 5 MODULE 3 COURSE PROJECT References Erlenkotter, D. (2014). Ford Whitman Harris's economic lot size model. International Journal of Production Economics, 155, 12-15. West, D. C., Ford, J., & Ibrahim, E. (2015). Strategic marketing: creating competitive advantage. Oxford University Press, USA. Running head: MODULE 1 COURSE PROJECT Module 01 Course Project - Company Selection Linsey Mendoza Rasmussen College Author Note This paper is being submitted on January 27, 2018 for Mark Anderson’s B489/MAN4900 Winter Quarter course. 1 MODULE 1 COURSE PROJECT 2 Company Selection My selected company is Ford Motors. The company is an automobiles manufacturer of American origin situated in Michigan, Detroit state. Ford Motors Company was founded in the year 1903 on the sixteenth of June by Henry Ford (Lawrence, 2013). Ford Motors is the second most successful automaker company in the United States after General Motors. The company deals with all varieties of automobiles, both types of vehicles, both the commercial ones and luxury vehicles. It also deals with automotive parts. Other than producing the auto products, they also carry out: automotive finance, vehicle leasing, and vehicle service. Although they produce a large variety of automobiles, e.g., cars, hybrids, SUVs and Trucks, the company's success is major because of the trucks it manufactures. The latest F-Series trucks were the main reason of soaring against its competitors like general motors and other German automaker companies. The trucks saw them record the highest sales for the past decade. They made seven hundred and sixty-eight thousand sales of this type of trucks. They have also been trying to incorporate tech into their service and product provision making them have plans of becoming partners with either Uber or Google. The auto company is also known of powerful SUVs that are mostly used for VIP escorts because of the high-security systems that it comes up with. Ford's partnership with a technology company will see it grow with the rapid digitalization across the world (McMahon, Brian, 2017). The Ford Motors Company was my best selection because of its great achievement to compete favorably with German cars whose automobile industry is the best across the globe. It has manufactured trucks that have been preferred more than the Mercedes Benz Motors Company. MODULE 1 COURSE PROJECT 3 References McMahon, Brian. "The Minneapolis Ford Assembly Plant." Hennepin History. 76.1 (2017). Print Lawrence, J W. Automobile Industry Since 1945. Cambridge: Harvard Univ Press, 2013. Internet resource Running head: MODULE 1 COURSE PROJECT Module 01 Course Project Linsey Mendoza Rasmussen College Author Note This paper is being submitted on January 27, 2018 for Mark Anderson’s B489/MAN4900 Winter Quarter course. 1 MODULE 1 COURSE PROJECT 2 Ethics and Creating a Mission Statement The history of Ford Company Over the past fifteen years, Ford has expanded its production to different parts of the world. This period has also seen the company improve the use of technology in providing modern vehicles. Through these steps, the company has remained to be competitive in the automobile industry. With the effective management and adoption of technology, the company has remained to be the second successful automaker company in the United States after General Motors. Over the time, the company has also increased the production of commercial and luxury vehicles in the country and overseas. One of its outstanding steps which the company made was the introduction of the F-Series truck which saw the company improve its sales. Over the time, the company has also been trying to work with other companies like Uber and Google to improve its products. In the past fifteen years, Ford has also experienced great success in its SUV vehicles. The government and other agencies have been using these vehicles due to the security features which they have. With such security features, the company has remained competitive especially with the German competitors. The main challenge which the company has faced is the level of competition in the European market. German has one of the most successful vehicle manufacturers who make it hard for Ford to penetrate. The challenge has been countered through manufacturing of modern vehicles like the SUVs and T-Series trucks. The industry has provided a high level of quality vehicles which has made the company invest even more. With such investment, the company has MODULE 1 COURSE PROJECT 3 been able to produce quality vehicles which have been used by the government due to the security features involved (Lawrence, 2013). The top management, mission statement, and code of ethics Jim Hackett who is the current CEO of the company has brought a lot of transformation. Together with the other Board of Directors, Jim has improved the use of technology which has made the company more competitive in the industry. Steven Armstrong who is the group vice president and president in Europe, Middle East, and Africa has improved the sales in these regions. The mission statement for the company is “People working together as a lean, global enterprise for automotive leadership, as measured by: customer, employee, Dealer, Investor, supplier, Union/council, and community satisfaction.” The code of ethics provides directions on how the workers and the company in general should conduct itself in the outside world. It includes the behavior in the workplace environment, product quality, safety, and environment matters, working with government, intellectual property, gifts, favors, and conflict of interest, competition and antitrust laws, use of company assets and data safeguarding, and finally the international business practices (Ford, 2016). With these code of ethics, the company can set guidelines on how to run its activities without violating the rights of other parties. It also helps the employees to operate based on the set rules for the realization of organizational goals. Environment and product quality are the ethical concerns which I have for the company. New companies like Tesla have begun the construction of vehicles which are environmentally friendly. Thus, Ford has the responsibility of improving its role in conserving the environment. People working together with consideration to MODULE 1 COURSE PROJECT environmental safety, global enterprise for automotive leadership, to satisfy the: customer, supplier, employee, Dealer, Union/council, Investor, and community satisfaction. 4 MODULE 1 COURSE PROJECT 5 References Ford. (2016). code of conduct handbook. doi:https://corporate.ford.com/microsites/sustainabilityreport-2016-17/doc/sr16-code-of-conduct.pdf Lawrence, J W. Automobile Industry Since 1945. Cambridge: Harvard Univ Press, 2013. Internet resource McMahon, Brian. "The Minneapolis Ford Assembly Plant." Hennepin History. 76.1 (2017). Print
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PRESENTING YOUR TECHNOLOGY CHOICES
STUDENT’S NAME

INSTITUTION
DATE

Overview of the Business Goal and its
Value

The business goal for Ford is to
become the leading multinational company
that produces automobile products that are
technologically advanced. The company
recognizes the impact of integrating
technology in its operations because it is
through the improvements in it that have
positioned it in the top of the automobile
industry due to its manufacture of modern
vehicles (Xing & Tzeng, 2017). Therefore,
because technology grows each day, the
company focuses on making advancements
in its operations as well.

Essential pieces of techno...


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