BMGT - Executive Summary + HR Plan

BMGT 364 Project 3 (Week 7) Organizing Human Capital Business Strategy Analysis – Phase 3

NOTE: All submitted work is to be your original work. You may not use any work from another student, the Internet or an online clearinghouse. You are expected to understand the Academic Dishonesty and Plagiarism Policy, and know that it is your responsibility to learn about instructor and general academic expectations with regard to proper citation of sources as specified in the APA Publication Manual, 6th Ed. (Students are held accountable for in-text citations and an associated reference list only).

Purpose

In this project, you will complete Phase 3 of the Business Strategy Analysis. Drawing from the course material, you will

 Use the course material through week 7 and your research to complete Phase 3 of the Strategy Analysis.

 Learn and apply concepts concerning human resources. You will also write an Executive Summary.

Skill Building:

You are also completing this project to help develop critical thinking and develop part of a management plan.

You will be required to research the infant formula industry as a continuation of Project 1 and Project 2. Do not take the research lightly as you are required to do significant research to answer the requirements of the project.

Skills: Research, Critical Thinking, Write a Strategy Analysis

Outcome Met by Completing This Assignment

 employ effective planning processes to develop strategies, goals, and objectives in order to enhance performance and sustainability

 organize human, physical, and financial resources for the effective and efficient attainment of organizational goals

 demonstrate leadership skills by communicating a shared vision, motivating and empowering others, and creating a culture of ethical decision-making and innovation

 develop measures and assess outcomes against plans and standards to improve organizational effectiveness

The Executive Director for the new Asia Division, has been asked by Max Barney to put together, and present in a report to him, a business strategy that will be a guide for the

next year as the new division moves forward. The Executive Director will be working with the consulting group and they will assist with putting together this plan. The final plan will be laid out as outlined below and developed in three phases.

You have successfully completed Phase I and Phase II and it is now time to complete Phase III. In the third phase, Section I and Section VII will be completed.

Section I – Executive Summary

Section II – Goals and Objectives

Section III – Competitive Analysis

Section IV – Description of Organizational Structure and Culture

Section V – Breakdown of Product and Services

Section VI – Communications Plan

Section VII – Human Resources Plan

The business strategy will provide the organization an opportunity to explain the goals and objectives of the new division and help with the development of the strategy to achieve them. The plan will allow the company to gain insight into the current status of the industry it is venturing into using internal and external analysis tools, and then use this analysis to design its division’s business environment. In addition, the plan will be used to form the team that will bring the vision for this division to reality.

Instructions for completing Phase III

These two sections will finalize the strategy the group from Expert Foods Consultants has been assisting the Executive Director with. Although you typically would be combining all three phases into one document, for the purpose of this work, you will on present the two parts identified above.

You will need the Biotech Company Profile to complete the analysis.

Step 1: Human Resource Plan

A human resource plan will allow the director of the new Asia division to identify the future human resource needs for the organization. The director has asked Expert Foods Consultants to evaluate the product line identified and conduct market analysis to determine possible man power needs for the product manufacturing and all management and supervisory roles (to include all levels of management). The management levels should have been identified in the Description of Organizational Structure and Culture section of this strategy, but the resource needs in manufacturing

will need to be considered. Remember the only person currently hired for the new facility is the Director so there will need to be Assistant Division Directors (ADD) for the other areas identified in the Structure such as Marketing, R&D, Sales, etc. Each of the ADD’s will need to have staff as well; you will need to identify how each ADD will be provided staff. Will they identify and interview themselves or will HR be a part of the hiring process. The Organizational Chart is also a part of the HR plan so ensure that a revised organizational chart is also placed in this section for reference.

Training is a key to retention in business today; employees like to feel they are important to the organization and investment in their competencies shows commitment to them. So, consider what the new division will need to do to ensure they are keeping the best talent they find.

Evaluation is another way organizations can show their commitment to employees. How will the new division conduct employee evaluations based on what is common in the area that the Expert Foods Consultants identified? This will require a level of research in common HR practices in that region.

You needs to remember that this is a brand new division that will be selling products that Biotech currently is not involved in so all aspects of business will need to be considered such as marketing, etc. Remember there is no perfect HR Plan, just plans that work and plans that do not. Good plans consider the employee and the culture around them just as important as the organization itself.

Step 2: Executive Summary

The Executive Summary will be the first section of the paper but should be written last since it will highlight what is intended for discussion in the rest of the strategy. A good executive summary is compelling. It reveals the company’s mission statement, along with a short description of the products Biotech will provide at the launch of the new division. It is also necessary to briefly explain why Biotech is starting the new division and include details about Biotech’s experience related to the industry the company is entering.

Step 4: Review the Paper

Read the paper to ensure all required elements are present. Use the grading rubric to ensure that you gain the most points possible for this assignment.

Proofread the paper for spelling and grammatical issues, and third person writing.

 Read the paper aloud as a first measure;  Use the spell and grammar check in Word as a second measure;  Have someone who has excellent English skills proof the paper;  Consider submitting the memo to the Effective Writing Center (EWC). The EWC

will provide 4-6 areas that may need improvement.

Step 5: Submit the paper in the Assignment Folder (The assignment submitted to the Assignment Folder will be considered the student's final product and therefore ready for grading by the instructor. It is incumbent upon the student to verify the assignment is the correct submission. No exceptions will be considered by the instructor).

How to Set Up the Paper

Create a Word or Rich Text Format (RTF) document that is double- spaced. Use 12- point font. The final product will be 3-5 pages in length excluding the title page and reference page. Write clearly and concisely.

Completing the Plan

In order to complete this analysis, you will want to first read the module, Learn How to Support What You Write, as this assignment requires you to use the course readings and research to support what you write. Also,

 Read and use the grading rubric while completing the problem set to ensure all requirements are met that will lead to the highest possible grade.

 Third person writing is required. Third person means that there are no words such as “I, me, my, we, or us” (first person writing), nor is there use of “you or your” (second person writing). If uncertain how to write in the third person, view this link: http://www.quickanddirtytips.com/education/grammar/first-second-and- third-person.

 Contractions are not used in business writing, so do not use them.

 Paraphrase and do not use direct quotation marks. Paraphrase means you do not use more than four consecutive words from a source document. Instead put a passage from a source document into your own words and attribute the passage to the source document. Not using direct quotation marks means that there should be no passages with quotation marks and instead the source material is paraphrased as stated above. Note that a reference within a reference list cannot exist without an associated in-text citation and vice versa. You may not use more than four consecutive words from a source document, as doing so would require direct quotation marks. Changing words from a passage does not exclude the passage from having quotation marks. If more than four consecutive words are used from source documents, this material will not be included in the grade and could lead to allegations of academic dishonesty.

 You are expected to use the case scenarios and weekly course material to develop the analysis and support the reasoning. There should be a robust use of the course material along with thorough analysis of potential location information. Material used from a source document must be cited and

referenced. A reference within a reference list cannot exist without an associated in-text citation and vice versa. Changing words from a passage does not exclude the passage from having quotation marks. If more than four consecutive words are used from source documents, this material will not be included in the grade and could lead to allegations of academic dishonesty.

 Use in-text citations and provide a reference list that contains the reference associated with each in-text citation.

 You may not use books in completing this problem set unless part of the course material. Also, do not use a dictionary or Wikipedia.

 Provide the page or paragraph number in every in-text citation presented. If the eBook does not have pages, provide the chapter title and topic heading. If using a video, provide the minutes and second of the cited material.

Self-Plagiarism: Self-plagiarism is the act of reusing significant, identical or nearly identical portions of one's own work. You cannot re-use any portion of a paper or other graded work that was submitted to another class even if you are retaking this course. You also will not reuse any portion of previously submitted work in this class. A zero will be assigned to the assignment if self-plagiarized. Faculty do not have the discretion to accept self-plagiarized work.

Grading Rubric

Above Average Sufficient Developing Needs Improvement

Failure

Executive

Summary

2.6 points

Outstanding executive

summary that contains a

very detailed Problem

Section,

History/Background

Section, Effects of the

Problem, Recommendation,

and Conclusion. The

executive summary should

be extensive and should

2.21 points

Good

presentation

containing

all of the

proper

elements and

outlines the

problem and

the solution,

but does not

1.95 points

Executive

summary either

has sections

which are too

brief or

contains

paragraphs that

have not been

well-

developed. The

1.69 points

The

executive

summary

lacks

clarity and

has

incomplete

sections. It

contains

very little

0 points

Entire

sections of

the

executive

summary

are missing

or the

executive

summary

lacks

clearly identify the problem

and the solution.

(2.34 - 2.6)

contain

enough detail

and needs

some

development.

(2.08 - 2.33)

executive

summary is

lacking in

detail.

(1.82 - 2.07)

detail and

does not

clearly

explain the

problem

and the

solutions,

(1.56 -

1.81)

significant

detail and

not well

explained,

or not

presented.

(0 - 1.55)

Human

Resources

Plan

5.85 points

Thoroughly and

correctly describes

and discusses all of

the elements for

the human

resources plan

(Retention of staff,

hiring human

capital, training,

ensuring new hires

meet competencies

of Biotech, creating

appropriate culture,

development of HR

practices including

creating evaluative

tools to assess

employees) using

the research, case

scenario facts and

course material to

support reasoning

and

conclusions. To

earn a grade in this

range, the human

resource plan has

to be exceptional

covering all

elements of the

plan with detail and

support. The plan

is not to be written

4.9725 points

Correctly

describes and

discusses most or all of the elements for the human resources plan and uses research, case

scenario facts

AND course

material to

support the

reasoning and

conclusions

made; needs

clarity or some

development;

not thorough

enough.

(4.68 - 5.264)

4.3875 points

Attempts to

describe and

discuss the

elements of the human resources plan and attempts to

use research,

case scenario

facts AND

course material

to support the

reasoning and

conclusions but

significant clarity

or

development is

needed.

(4.095 - 4.67)

3.8025 points

Incorrectly describes and discusses the elements for the human resources plan or relies on research, the case scenario facts or course material to support the reasoning and conclusions but does not use all three to support the reasoning, or is missing key information making a weak presentation.

(3.51 - 4.094)

0 points

Little to no attempt to describe

or discuss the

elements for the human

resources plan.

(0 - 3.50)

as, "Biotech should

do this and should

do that."

(5.265 - 5.85)

Organizational

Chart

1.3 points

Thoroughly and correctly integrates the organizational chart into this phase discussing the required updates and how the chart fits into the HR plan.

(1.17 - 1.3)

1.105 points

Correctly

integrates the

organizational

chart into this

phase

discussing the

required

updates and

how the chart

fits into the

HR plan but

one or two

areas needs

development.

(1.04 - 1.16)

0.975 points

Attempts to

integrates the organizational chart into this phase discussing the required updates and how the chart fits into the HR plan. but several areas

need

development.

(0.91 - 1.03)

0.845 points

Attempts to integrates

the organizational chart into this

phase discussing

the required updates and how the chart

fits into the HR plan but

updates were not done or there are

many areas that need significant

development.

(0.78 - 0.90)

0 points

Little to no attempt to

integrates the organizational chart into this

phase discussing

the required updates and how the chart

fits into the HR plan.

(0 - 0.77)

Attention to

Instructions

1.3 points

The paper contains

completion of all major assignment

tasks including writing the

report. The paper also includes

completion of all minor aspects of the assignment

such as third

1.105 points

The paper contains

completion of all major assignment

tasks including writing the

report. The paper missed 1 minor aspect of the

assignment such as third person writing, required use of course

readings, outside

0.975 points

The paper missed 1 major

assignment task (including

writing the report) or 2

minor aspects of the

assignment.

(0.91 - 1.03)

0.845 points

The paper missed 2 major

assignment tasks (including

writing the report) or 3

minor aspects of the

assignments.

(0.78 - 0.9)

0 points

The paper missed 3 or more major assignment

tasks (including writing the

report) or four or more minor aspects of the assignment.

(0 - 0.77)

person writing, required use of

course readings, outside sources if

needed, and assignment

format.

(1.17 - 1.3)

sources if needed, and assignment

format.

(1.04 - 1.16)

Writing

Mechanics

1.3 points

Strictly adheres to standard

usage rules of written English

using paragraphs

and sentences rather than

bullets, including but not limited to capitalization, punctuation,

run-on sentences, missing or

extra words, stylistic errors, spelling and grammatical errors. No

contractions or jargon used. 0

to 2 errors noted.

(1.17 - 1.3)

1.105 points

Excellently adheres to standard usage of

mechanics: conventions

of written English, including

capitalization, punctuation, and spelling. 3 to 6 errors

noted.

(1.04 - 1.16)

0.975 points

Satisfactorily adheres to standard

usage rules of mechanics: conventions of English, including

capitalization, punctuation, and spelling. 7 to 10 errors

noted.

(0.91 - 1.03)

0.845 points

Minimally adheres to standard

usage rules of mechanics: conventions

of written English, including

capitalization, punctuation, and spelling. More than 10 errors

found.

(0.78 - 0.9)

0 points

Does not adhere to standard usage

rules of mechanics:

conventions of written English

largely incomprehensible; or errors are too plentiful to count.

(0 – 0.77)

APA

Style

(6th

ed.)

0.65 points

1 - 2 APA style or usage errors; Proper citation

0.5525 points

Attempts in- text citations

and reference

0.4875 points

Attempts in- text citations

and reference

0.4225 points

Attempts in-text

citations and

reference lists; Fails

0 points

No attempt at APA style; or

of source material is used

throughout paper;

Reference titles follow APA with

only the first word, the first word after a colon and

proper nouns capitalized.

(0.585 - 0.65)

list but 3 - 4 APA style

errors noted or fails to use

APA citations when

appropriate 1 - 2 times.

(0.52 - 0.584)

lists; APA style errors are

noted throughout document; Fails to use

APA citations when

appropriate 3 times in

document.

(0.455 - 0.51)

to use APA citation

when appropriate 5 -

6 times; Fails to use

APA citations when

appropriate 5 -

6 times in document

or presents a total of 1

- 2 in-text citations

and reference list in a

paper when requires

APA citations are

needed throughout the

document.

(0.39 – 0.454)

attempts either in-

text citations or reference

list but omits the

other.

(0 – 0.38)