Presenting Recommendations [Business Report - 5000 Words]
Cyrusxx
BUSM4547Assign03BriefingRev02.pptx1
Local Tutor: Rodney Goon
BUSM 4547 – Management In Practice
Bachelor Of Business (Management)
Assessment 03a/Group Report
Assessment 03b/Video Making & Presentation
Jan 2021
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Future Fuels Cooperative Research Centre (FFCRC) Is The Industry Focussed Research, Development & Demonstration (RD&D) Partnership Enabling The Decarbonisation Of Australia’s Energy Networks.
“Focus On Engie Energy Resources For Assessments 03a & 03b”
Dr. Carol Bond
“Engie's Expertise In -
Smart Grids,
Industry Energy Efficiency And
Smart Cities
Is Reflected In The REIDS Project - A State-Of-The-Art, Multi-Fluid Microgrid Solution.
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BUSM 4547 – Assessment 03a & 03b (Video Making & Presenting Recommendations)
Assessment: 03a Group Report
Assessment: 03b Video Making Presentation
Due Date
Video Presentation
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Due Date: Mon, April 12th 2021
Assignment 03a: Group Report – 30%
Making & Presenting Recommendations (Applying)
Due Time: By 10pm (Local Time)
Place: On-Line RMIT Canvas
Format: Report
Length: 5,000 Words (Max), 1.5 Line Spaced, 12 Point Times New Roman.
Note: The Word Count Does Not Include References Or Appendices
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The Management Challenge
ENGIE Is In The Energy Business But Is Changing The Commercial Model From Contributing To Green House Gas Emissions Using Fossil Fuels To A NEW Model Where Fossil Fuels Are NOT Used At All & Allowing Singapore To Meet Its 2050 Emissions Targets. (Paris Climate Accord)
In Order, For Technology To Be Commercially Viable, NEW Business Models Will Be NEEDED In Order To Make This Happen.
Write A Business Report For ENGIE That Addresses The Brief.
Skills Of Critical Review,
Analysis,
Consolidation,
Synthesis (Combination Of Ideas) & Presentation Of Knowledge In A Format That Is Appropriate For Submission To Senior Management For Consideration.
Assessment Is Designed To Assess Your:
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Demonstrate A Thorough Understanding Of The Relevant Theory & Application Of That Theory In A Way That Creates A Business Report That Engie Can Act Upon
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Assessment 03a Group Report -With Reference To Assignment 02 Management Theories.
Assessment 03b - Video Making & Presentation
Assessment 03a: Group Report -30% Assessment 03b: Video Making & Presentation – 20%
Making & Presenting Recommendations (Applying): Monday April 12th 2021
Draft
Submit
In-Class Discussion
Survey
Group Report & Video Presentation
Management & Analysis Of Environments
Assignment Submission
Attached A Cover Sheet & Signed (Download From RMIT CANVAS)
Firstly, Submit Into Turnitin To Check The Authenticity & Similarity
Attach The Turnitin Report To Your Assignment
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The Group Report (03a)
NEGOTIATE With Your Group Members To Reach A Common Understanding Of The Management Challenge.
Re-State The Problem In The Context Of Your Chosen Management Perspective As A Research Question.
Write A Report Justifying Why Your Research Approach To Solving The Management Challenges Should Be Adopted.
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The Management Challenge
ENGIE Is In The Energy Business But Is Changing The Commercial Model From Contributing To Green House Gas Emissions Using Fossil Fuels To A NEW Model Where Fossil Fuels Are NOT Used At All & Allowing Singapore To Meet Its 2050 Emissions Targets. (Paris Climate Accord)
In Order, For Technology To Be Commercially Viable, NEW Business Models Will Be NEEDED In Order To Make This Happen.
“What Business Model Is Required For ENGIE To Scale Up A Micro-Grid Project To Address The Energy Need Of Singapore Within The 2030 Emissions Reductions Targets”.
“Focus On Engie Energy Resources For Assessments 03a & 03b”
Dr. Carol Bond
Smart Grids,
Industry Energy Efficiency And
Smart Cities
“Engie's Expertise In -
Is Reflected In The REIDS Project - A State-Of-The-Art, Multi-Fluid Microgrid Solution.
Although More Organizations Than Ever Are Committing To Setting Sustainability Goals, There’s A Gap Between Those Commitments & Progress, Which Isn’t Happening Fast Enough.
The Problem Is That Most Organizations DO NOT KNOW Where To Start To Meet Their Objectives.
Why It’s Urgent - Narrative
REIDS - Singapore Strength Is That They Are A Well-Funded R&D Unit Within Engie. Their Weakness Is That They Have Focused So Much On Solving The Technical/Engineering Problems, They Are Having Trouble Connecting With Potential Customers For Their Products
RMIT Management Practitioners
Assessment 03 – Central Idea
Team Negotiated Selections
Managerial Issues
Engie’s Expertise
Smart Grids
Industry Energy Efficiency
Smart Cities
Environment
HRM
Ethics
Team Selections
Recommendations
The Group Report (03a) – cont’d
Taking The Learning Experiences From The 1st & 2nd Assignments, Develop A Focused Set Of Practical Recommendations For ENGIE.
Make Consistent Arguments From Environmental Analysis & Organizational Design/Process As Well As Suggestions Of Action Plan/Implementation.
There Should NOT Be Much Of Overlaps From Previous Assignments Per Se, In Getting Your Group Members’ IDEA Together & In Consolidating Persuasive Arguments.
The Group Report (03a) – cont’d
Not Losing Sight Of The Interconnected Nature Of Managerial Issues, Pick A Specific Area To Focus On (e.g. Environment (Competitors?) HRM (Training?) Ethics? etc)
Environment
HRM
Ethics
Competition
Creativity
Building Skills
Training
Staffing
Leadership
Conflict & Trust
Sustainable Development
Corporate Social Responsibility
The Group Report (03a) – cont’d
That Is Relevant In Offering Solutions To Management Challenges. Examples
Depending On Your Focus, You May Wish To Continue To Conduct Both External And/Or Internal Environment Research Involving Critically Analysing & Synthesising (Combination Of Elements) Business Information.
The Group Report (03a) – cont’d
Option - If Necessary
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Link Between Macro-Environmental Forces & Industry
The Macro Analysis Refers To The Impact Of The PESTLE Factors On The Energy Research & Consultancy Industry
PESTLE
Energy Research & Consultancy
Option - If Necessary
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The Group Report (03a) – cont’d
Your Analysis Should Be Broad But More Importantly Deep For Your Focus Area.
Once You Have Collected The Information, You Have To Critically Analyse It.
Option - If Necessary
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Make Recommendations To Management About How To Solve The Management Challenge That Have A Rigorous, Contemporary Theoretical & Empirical Basis (Observation & Experience).
Conclusions & Recommendations Are To Be Supported By Evidence.
Recommendations Must Include Practical Implementation Plan
Recommendations Should Also Identify Risks Associated With Adoption
Recommendations Must Also Include An Evaluation Plan For Your Solution.
Use A Business Report Format
The Group Report (03a) – cont’d
Management Theories & Applications
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Competitor Analysis Components
Building Skills
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Strategic Human Resource Management
Leadership
Skills Good Leaders Need
Leadership Styles
How Do You Manage Conflicts?
1. Accept Conflict. Remember That Conflict Is Natural & Happens In Every Ongoing Relationship.
2. Be A Calming Agent.
3. Listen Actively.
4. Analyse The Conflict.
5. Model Neutral Language.
6. Separate The Person From The Problem.
7. Work Together.
8. Agree To Disagree.
Mastering Conflict Management Skills
RMIT University©yyyy
School/Department/Area
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Corporate Social Responsibility (CSR)
Make Recommendations To Management About How To Solve The Management Challenge That Have A Rigorous, Contemporary Theoretical & Empirical Basis (Observation & Experience).
Conclusions & Recommendations Are To Be Supported By Evidence.
Recommendations Must Include Practical Implementation Plan
Recommendations Should Also Identify Risks Associated With Adoption
Recommendations Must Also Include An EVALUATION PLAN For Your Solution.
Use A Business Report Format
The Group Report (03a) – cont’d
Evaluation Criteria
FOUR Qualifications:
Strategy Development In Practice Isn’t Always A Logical Or Even Rational Process.
The Implementation & Development Of Strategies Might Reveal Unanticipated Problems.
Consistency Between The Different Elements Of A Strategy Is Essential.
Be Aware Of Conflicting Conclusions & The Need For Management Judgement.
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Evaluating Strategies
Figure 12.1 Evaluating strategies
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The SAFe Criteria & Techniques Of Evaluation
SUITABILITY – Does A Proposed Strategy Address The Key Opportunities & Threats An Organization Faces?
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Suitability
Does It Exploit The Opportunities In The Environment & Avoid The Threats?
Does It Capitalise On The Organisation’s Strengths & Avoid Or Remedy The Weaknesses?
SUITABILITY Is Concerned With Assessing Which Proposed Strategies Address The Key Opportunities & Threats An Organisation Faces.
It Is Concerned With The Overall Rationale Of The Strategy:
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Suitability Of Strategic Options In Relation To Strategic Position (2 Of 2)
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Some Examples Of Suitability (1 Of 2)
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Suitability
Acceptability
Risk;
Return;
Stakeholder Reactions.
There Are 3 Important Aspects To Acceptability:
ACCEPTABILITY Is Concerned With Whether The Expected Performance Outcomes Of A Proposed Strategy Meet The Expectations Of Stakeholders.
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Make Recommendations To Management About How To Solve The Management Challenge That Have A Rigorous, Contemporary Theoretical & Empirical Basis (Observation & Experience).
Conclusions & Recommendations Are To Be Supported By Evidence.
Recommendations Must Include Practical Implementation Plan
Recommendations Should Also Identify RISKS Associated With Adoption
Recommendations Must Also Include An Evaluation Plan For Your Solution.
Use A Business Report Format
The Group Report (03a) – cont’d
Financial Risk
Financial Risk Refers To The Possibility That The Organization May NOT Be Able To Meet The Key Financial Obligations Necessary For Survival.
Strategies Should Meet Acceptable Levels Of Financial Risk.
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FEASIBILITY Is Concerned With Whether A Strategy Could Work In Practice, i.e. Whether An Organisation Has The Capabilities To Deliver A Strategy.
Feasibility (1 Of 2)
Do The Resources & Competences Currently Exist To Implement The Strategy Effectively?
If NOT, Can They Be Obtained?
TWO Key Questions:
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Feasibility (2 Of 2)
NEED To Consider:
Financial Feasibility – Funding & Cash Flow.
People & Skills – Competences, Knowledge & Experience.
Integrating Resources – Obtaining & Integrating NEW Resources.
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People & Skills (1 Of 2)
THREE Questions Arise:
Do People In The Organisation Currently Have The Competences To Deliver A Proposed Strategy?
Are The Systems To Support Those People Fit For The Strategy?
If NOT, Can The Competences Be Obtained Or Developed?
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People & Skills (2 Of 2)
Critical Issues That Need To Be Considered:
Work Organisation – Will This Need To Change?
Rewards – Are The Incentives Appropriate?
Relationships – Will People Interact Differently?
Training & Development – Are Current Systems Appropriate?
Recruitment & Promotion – Are The Levels & Skills Of The Staff Appropriate?
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Make Recommendations To Management About How To Solve The Management Challenge That Have A Rigorous, Contemporary Theoretical & Empirical Basis (Observation & Experience).
Conclusions & Recommendations Are To Be Supported By Evidence.
Recommendations Must Include PRACTICAL IMPLEMENTATION PLAN
Recommendations Should Also Identify Risks Associated With Adoption
Recommendations Must Also Include An Evaluation Plan For Your Solution.
Use A Business Report Format
The Group Report (03a) – cont’d
People;
Finance;
Physical Resources;
Information;
Technology;
Resources Provided By Suppliers &Partners.
Integrating Resources
It Is Essential To Integrate Resources – Inside The Organisation & In The Wider Value System.
The Success Of A Strategy Depends On The Management Of Many Resource Areas, For Example:
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Figure 14.2 Types Of Change
Source: J. Balogun & V. Hope Hailey, Exploring Strategic Change, 3rd edition, Prentice Hall, 2007
Types Of Strategic Change
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Organizations Use BSCs To: Communicate What They Are Trying To Accomplish.
The Balanced Scorecard (BSC) Is A Strategic Planning & Management System.
Align The Day-To-Day Work That Everyone Is Doing With Strategy.
The Balanced Scorecard (BSC)
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The Four Perspectives Of The Balanced Scorecard
The Group Report (03a) – cont’d
Use A Business Report Format
The Group Report
As A Group, Write A 500-Word Response To The Feedback You Received In Your First TWO Assignments & What You Did In Reaction To That Feedback To Develop Your Group Assignment
(This Does Not Count Towards Your Total Word Count).
Draft This In The Appendix:
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Reference List - Academic References
Academic Papers From Peer Reviewed Academic Journals
Examples – Peer Reviewed Academic Journals
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Hollender, J. (2004) “ What Matters Most: Corporate Values & Social Responsibility", California Management Review, Vol 46, Issue 4, pp 111-119
Examples - Peer Reviewed Academic Journal Articles
Rowley, T.J. & Moldoveanu, M. (2003) “When Will Stakeholder Act? An Interesting Identity-Based Model Of Stakeholder Group Mobilization", Academy Of Management Review, Vol 28, Issue 2, pp 204-219
Sull D.N (2005) “Strategy As Active Waiting”, International Harvard Business Review, Vol 83, Issue 9, pp 120-130
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References From Books/Textbooks, Periodicals, Magazines, Newsprints, Websites, & Other Non-Academic Literature.
Reference List - Non-Academic Journal Articles
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Harvard Referencing
Citation – In The Report
1. The Risk Of New Entry Of Potential Competitors,
2. The Degree Of Rivalry Among Established Companies Within An Industry,
3. The Bargaining Power Of Buyers,
4. The Bargaining Power Of Suppliers, And
5. The Closeness Of Substitutes To An Industry’s Products.
Appendix - References List
Porter, M. E. (1979). "How Competitive Forces Shape Strategy." Harvard Business Review 57(2): 137-145.
To Analyze Competitive Forces In An Industry Environment & In Order To Identify The Opportunities & Threats Confronting A Company, (Porter 1979) 5 Forces Model Is Used In The Analysis. This Model Focuses On Five Forces That Shape Competition Within An Industry:
Porters Argues That The Stronger Each Of These Forces, The More Limited Is The Ability Of Established Companies To Raise Prices & Earn Greater Profits.
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Diagrams, Tables, Statistics, Graphs, Pictures, Questionnaires, Drawings, Tabulations, Surveys, Data, etc. Must Be Inserted In The Appendix Page
Appendix Page
Assignment Submission
Attached A Cover Sheet & Signed (Download From RMIT CANVAS – (Modules/Course Resources)
Firstly, Submit Into Turnitin To Check The Authenticity & Similarity
Attach The Turnitin Report To Your Assignment
Cover Sheet
RMIT CANVAS – (Modules/Course Resources)
Assignment Submission: On-Line (Including Turnitin) Via RMIT CANVAS
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Attachment - Turnitin Report
ORIGINALITY REPORT
24% 2% 2% 20 %
Similarity Index Internet Sources Publications Papers Student Papers
Primary Sources
1
Submitted To RMIT University
1%
2
www.ge.com.usa
2%
3
Submitted To Curtin University
3%
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Similarity Index: <20%
Penalty May Be Incurred; Exceeding 20% Similarity
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Your Turnitin Score Shows 32%.
There Is Evidence Of Plagiarism i.e. Not Acknowledging Source Of Information.
You Lose 1% From Your Earned Grade Of (51) For Each Point Over The Allowable Of 20% Enforced By The University. You Are (12%) Over So Your Grade Has Been Adjusted To (44)
Similarity Index: < 20%
Penalty Will Be Incurred - Exceeding 20% Similarity
Example: Similarity Index < 20%
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My Advice Is This: Finish Your Assignment Early (Days Early, NOT Hours) & Submit It Well BEFORE The Due Date (April 12th).
A Catastrophic Failure Of The System Aside, Claims Of System Slowness & Other Such Excuses Will NOT Be Accepted By RMIT As A Valid Reason For Being Late.
Late Submissions
Submission: Submit Assignment On-Line Via The RMIT CANVAS
Lateness: Late Submission Will Be Penalized 10% Of The Marks For Each Day After The Due Date (April 12th ).
No Assignment Will Be Accepted More Than 7 (Seven) Calendar Days Late Without Special Consideration
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For Further Details Refer To The BUSM 4547 Assignment Guide
BUSM3200
Assignment Guide
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Marking Criteria – Assessment 03a (60%)
Description Of Definition Problem Definition (9 Points)
Breadth & Depth Of Research (12 Points)
Recommendations (30 Marks)
Report Structure & Academic Standards (9 Points)
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Assessments Markers
ALL Assignments Will Be Marked Jointly- By The Local Tutor & The RMIT Faculty Member.
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Questions
For want of an unasked question, knowledge dies. Knowledge is your lifeblood. There is an interesting paradox here: Dumb questions frequently open the mind to brilliant answers.
Ask anyway. There is a 99 percent chance that, instead of looking stupid, you come off as courageous and curious enough to ask which seem simple or obvious. Most of us have stories about how the one question opened a whole new set of opportunities or made a muddy situation become perfectly clear. If we do not ask that one question, we risk passing up great opportunities for understanding and progressing in our business.
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In-Class/On-Line Activities & Student Counselling
Group Report, Video Making & Presenting Recommendations
Don’t Postpone It
First Point Of Contact: Your Local Lecturer
Name: Rodney Goon
e-mail: [email protected]
Start Your e-mail Subject With “BUSM 4547” In The Subject Area Of Your e-mail
Academic Enquiries
The Following e-mail Guidelines In Order To Get Timely Answer To Your Questions.
At The Beginning Of Your e-mail
State Your Name:
Student ID:
Your Study Mode (Full Time Or Part Time):
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Use ONLY The RMIT OUTLOOK e-Mail System For All Enquiries & Other Correspondence With The RMIT Faculty Staff & Local Tutor.
e-Mail: [email protected]
Search: RMIT Outlook Mail
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