business final part

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BUS 250

Business Organization and Management

TAP 5

Final Report - 15%

Individual

Spring 2020

Name of the Student:

GUIDELINES After completing deliverable 1 and 2, now we continue with the Final deliverable where you answer the

questions based on your business plan idea. Make sure that your answers are well written, in meaningful paragraphs (where applicable).

THE PROCESS OF THE COMPANY’S FUNDING 1. How much external funding (money) do you need to build your company?

a. Explain for what you need this money? (Rent, salaries, ads etc.) i. Create a table and allocate money – based on how much you will spend on each

item. ii. You have to include minimum 5 items.

b. Explain from where will you get the funding? PERFORMANCE MANAGEMENT

1. How would you measure performance of your organization? a. productivity b. effectiveness c. position on the market d. customer satisfaction

2. How would you measure the performance of employees in your organization?

a. How often would you measure performance? b. What will you focus on when measuring employee performance? c. What tools would you use to measure their performance? (How will you monitor what

and how they are doing?) i. Would you use the same measurement tools for every employee?

ii. Explain why yes, why not. d. How would you deliver effective performance feedback to your employees?

CONTROLLING

1. How would you, as a manager/owner, deal with the following workplace discipline problems in your organization?

a. Employees who are always late b. Employee theft c. Workplace violence (verbal abuse, inappropriate behavior) d. Workplace privacy (How would you ensure that employees don’t misuse company car,

phone, mail or internet while respecting their privacy?)

2. How could you possibly control employees that work from remote locations (like now during COVID-19).

a. How can you ensure that they complete their work on time?

3. How could you make sure that your organization addresses work control ethically?

TAKING MANAGERIAL ACTIONS

1. Describe the types of managerial actions in the following cases: a. What would you do with underperforming employees? b. What would you do with outperforming employees?

BONUS How could you use the concept of control in your personal life? Be specific. (Think in terms of

feedforward, concurrent, and feedback controls as well as specific controls for the different aspects of

your life – schools, family relationship, friends, hobbies, etc.)

GRADING RUBRIC

THE PROCESS OF THE COMPANY’S FUNDING /15

PERFORMANCE MANAGEMENT /15

CONTROLLING /15

TAKING MANAGERIAL ACTIONS /15

BONUS /10

WRITING APPEARANCE POINTS

Is the paper well organized? /5

No errors in spelling, grammar and use of English

Organization and coherence of ideas

/10

MECHANICS/PREFERENCE POINTS

Presentation of the text

Font and Style

Cover Page

Referencing

Total 40 pts /40 pts

TOTAL 110 pts