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This evaluation will also provide the foundation for part 3 of the project.

by | Sep 14, 2022 | Finance

 

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Case Study Part 2

The following Course Outcome is assessed in this assignment:

GB519-2: Evaluate leadership approaches to the process of decision-making.

Part 2 of the project, due at the end of Unit 4, requires you to complete an analysis of a manufacturing organization. This evaluation will also provide the foundation for Part 3 of the project.

For the case project Part 2, you are to conduct research and complete an analysis of the manufacturing company you selected: La-Z-Boy furniture

Begin with an introduction to the organization. Identify its manufacturing segment. Detail briefly the products manufactured by your organization and the company’s market niche and/or customer base.
Identify significant costs in your organization. Some of the topics to research and present about your organization include but are not limited to: (a) costs associated with environmental concerns, (b) cost behavior, (c) prevention costs, (d) appraisal (detection) costs, (e) internal failure costs, and (f) external failure costs.
Include a section devoted to cost-volume-profit analysis (CVP). The level of detail you include in this section is flexible. But, make sure your analysis is related to actual financial data from the company. Suggested metrics include the contribution margin, degree of operating leverage (DOL), break-even point, and others. Remember, it is vital that you determine whether or not you will have access to this information before you start the project. Otherwise, you may not have time to change organizations later during the course.
Discuss budgeting considerations. Include the organization’s budget process (for example, whether it is top-down or bottom-up) and the organization’s budget variances, and discuss management decisions related to budgeting.
Based on independent research and additional textbook readings, create a balanced scorecard (BSC), incorporating all four of the organizational dimensions (financial, customer, internal business, and learning & growth). Identify two or three strategic objectives (SOs), also known as critical success factors (CSFs), for each category/perspective. Then, evaluate and analyze your organization’s performance in relation to these critical success factors. Do not simply cut and paste a BSC collected from an online source. Create your own BSC.
Additional readings/references to use for this project:

Balaji, M., Dinesh. S. N., & Parthiban. V. V. (2018). Applying balanced scorecards to supply chain performance: More enterprises in developing countries should adopt Kaplan and Norton innovation. ISE: Industrial & Systems Engineering at Work, 50(11), 42.

Eaton, D., & Kilby, G. (2015). Does your organizational culture support your business strategy? Journal for Quality & Participation, 37(4), 4.

Discuss corporate sustainability and responsibility.
a) Identify the concepts of corporate sustainability.
b) Identify the topics related to corporate responsibility.
c) Discuss how your organization implements the concepts of corporate sustainability and responsibility.
d) Discuss how your organization could further benefit from additional attention to sustainability and responsibility.
Analyze potential biases in the organization’s decision-making processes.
a) Evaluate the role of heuristics in managerial decision-making within your organization.
b) Evaluate how heuristics may bias your organization’s management decision-making.
Finally, end with a summary review. (A formal “Conclusion” heading and section is required.) Use subheadings to discuss key strengths and weaknesses of the organization and describe recommendations to be made to the current organizational strategy.
the project should have a minimum of 8 and a maximum of 10 double-spaced pages of analysis. The assignment will be evaluated for content, analysis, critical thinking, grammar, spelling, punctuation, and formatting. So, be sure to proofread and then proofread again! Be certain that you do a “Spelling and Grammar” check on your project paper before it is submitted to the Dropbox.

 

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