Business environment assignment#3
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instruction.docxBA 385 Homework #3 —Recommendations and Implications
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Your score for homework #3 is for the entire paper—all 3 assignments. THROUGHNESS IS KEY.
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Date:
Homework #1--Issue Identification
This portion is researched. Review instructions and then make any revisions necessary based on my comments. Then copy and paste it here.
Homework #2--Stakeholder Table
Review instructions and then make any revisions necessary based on my comments. Copy and paste it here. If you have trouble with format, insert it as an attachment, but reference it here.
Homework #3--Recommendations and Implications
Update Situation Analysis :
Analyze any events that have transpired since homework 1. Review major dailies and other media for information. If your company has taken steps to remedy the issue, analyze the steps. Do they work for certain stakeholders but not others?
Make a bullet point list of 12 potential actions you could take in response to the issue at hand with a short description for each. This is the chance to explore different options. Although you aren’t going to want to follow through with many of these, creating the list creates an opportunity for you to explore options for many of your stakeholders. Consider different stakeholder views when creating the list.
Recommendations:
Suggest a comprehensive plan of action you recommend your company take to resolve the issue at hand (choose 2-4 items from your list above and combine them into one plan). Describe specific business practices you intend to follow through with. Try to come up with creative solutions that are morally sound, realistic, and demonstrate concern for and long-term enrichment of your most important stakeholders. Think about the obligations your business has to your stakeholders and the various ways you could meet them (as described in your textbook).
Cost of Implementing Recommendations:
Discuss resources, labor, management costs, training, cost of data analysis, costs of changing business practices, timeline, etc. Where will the money you need to implement the plan come from? Do not guess at and list numbers but list the categories.
Implications:
Discuss the consequences of your recommendations if they were to be implemented. Explain how your top 5 stakeholders (most legitimate or urgent) from a variety of stakeholder groups, would be affected by your decisions. Discuss both the short-term and long-term consequences, both intended and possible unintended consequences. This will force you to think about your decision from multiple stakeholders’ points of view. You’ll need to demonstrate how the social, economic, and environmental stakeholders, and the company operate in a mutually influencing system. This is the most important part of the research project.
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Work Cited
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