Change Management is a process used to ensure that overall business risk is minimized by responding to customers business requirements while minimizing value and reducing incidents, disruption, and re-work. Of the following is seven Rs of Change Management (Raised; Reason; Return; Risks; Resources; Responsible; Relationship) Discuss.
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Change management is an important part of business management. Using Change Management, organizations can respond to customer requirements while minimizing value and reducing incidents and disruption. Why is organizational change management important? What are the benefits, risks, and impacts?
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Explain why this approach was taken by considering the stage in the product life cycle as well as the promotion objectives. TOPIC BOBBI BROWN
SUBJECT: MARKETING
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Suppose you worked at a company that implemented a new wellness policy that required that you take health screenings each year for weight, cholesterol, tobacco use, and other health indicators. According to the wellness policy, if you do not achieve a high enough wellness score you will be required to make changes in your diet, exercise habits, or eliminate tobacco. Those who do not comply with the wellness policy face financial penalties. How would this wellness policy make you feel about working for this employer? Would you feel better (the employer is being unfair by trying to regulate my health), worse (the employer is being unfair by trying to regulate my life), or indifferent to your employer for having this wellness policy? How would the policy affect your job behavior? Would you increase you effort, maintain it, decrease it, or start looking for another job? What explains your positive or negative reactions to this wellness policy?
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Write 5 paragraph Discussing a Movies or a Music or a Toys that you remember watching/playing/listening to as a kid and how these compare against socialized roles (whether it be male, female or both)
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FinCorp is a mid-size financial company. A couple of years ago FinCorp decided to establish a fullfledged EA practice to accommodate with the growing problems around non-transparency of its IT investments and poor business and IT alignment in general. In order to boost its EA initiative, the company decided to purchase a specialized software tool for enterprise architecture. For this purpose, its IT leaders studied the available offerings on the EA tool market, contacted most promising vendors, organized meetings with vendor representatives and listened to their presentations. As a result, FinCorp had selected and acquired a rather powerful and expensive tool for enterprise architecture from a well-known vendor. Then, the company had installed and configured the tool, established a central repository for storing architectural information and sent its architecture team to a special training supplied by the tool vendor. After the training, architects had documented most areas of the organizational IT landscape and associated business processes in the EA repository and started to update this information to keep it current. Architects were also impressed with the modeling, visualization and analytical capabilities offered by their new EA tool. However, FinCorp’s CIO is pretty skeptical towards the chosen EA tool. He believes that the company is only wasting money on the tool as it is essentially nothing more than a sophisticated repository of Page | 8 Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College 55 Regent Street, Chippendale, Sydney 2008: 02-9318 8111 PRV12007; CRICOS 03048D Approved: 14/02/2019, Version 1 current-state information. Furthermore, the tool is used by only 4-5 people in the entire organization (all architects), does not facilitate informed decision-making among business stakeholders in any sense and does not contribute to achieving the original objectives of the EA initiative to improve business and IT alignment.
Questions
1. What is wrong with the installed EA tool?
2. Is the tool adding value to FinCorp?
3. How can the tool be used to facilitate business and IT alignment?
4. What should be done to maximize the value of the tool for the company
In: Operations Management
(Determining the Operating Model of a Multi-Profile Company) MultiCorp is a diversified, multi-profile company. Essentially, it is a conglomerate company consisting of three diverse strategic units acting as independent businesses under separate brands in different industry sectors: Unit Alpha, Unit Beta and Unit Gamma. MultiCorp is governed from the central head office, which oversights the three subsidiary business units and their financial performance indicators, though without any operational interventions. Each strategic business unit has its own managing director with full discretion and responsibility over its competitive strategy, investment priorities, budget allocation and ensuing yearly profits. Unit Alpha is in the food manufacturing business. The unit produces and distributes a variety of goods including, but not limited to, vegetables, groceries, meat and dairy products. Each of these product lines requires unique production processes, storage arrangements, transportation approaches and underlying equipment and is organizationally implemented by a separate specialized product department. However, these products are delivered largely to the same circle of customers, including both major retailers and local food shops. All product lines are also served by a number of common unit-wide functions, e.g. HR, finance, accounting, logistics, legal, marketing and sales support. Unit Beta competes in the restaurant business. Specifically, the unit controls a chain of small fastfood restaurants occupying the low-cost market niche. In total, the chain includes more than 80 restaurants located in different geographies and more restaurants are planned to be opened in the foreseeable future. All restaurants offer same interiors, menus, prices, meals and services to their customers and imply standardized policies, working procedures and supporting equipment. However, each restaurant is run separately by a chief manager responsible for its overall financial well-being and all necessary business processes, e.g. recruiting, training, procurement, cooking, servicing, cleaning and complaints management. With the exception of Unit Beta’s lean central office, where chain-wide branding, marketing and other strategic decisions are made, the Page | 7 Asia Pacific International College Pty Ltd. Trading as Asia Pacific International College 55 Regent Street, Chippendale, Sydney 2008: 02-9318 8111 PRV12007; CRICOS 03048D Approved: 14/02/2019, Version 1 restaurants operate independently from each other and even have their own profit and loss statements. Finally, Unit Gamma runs a chain of resort hotels. These hotels gravitate towards the high-end price segment and offer premium-quality services to their customers. Unit Gamma’s competitive strategy implies improving its brand recognition and achieving consistent customer experience. For this purpose, the unit’s leadership plans to standardize all customer-facing and, to a lesser extent, backoffice processes across all hotels of the chain as well as all its suppliers and service providers. Moreover, Unit Gamma also intends to become “closer” to its customers and build lifelong customer relationships. This strategy requires collecting more information about customers, their individual preferences and transaction histories, aggregating this information globally and leveraging it for providing customized services, launching loyalty programs, developing special offers and promoting personalized discounts.
Questions
1. What is an operating model of MultiCorp and each of its three strategic business units?
2. What particular business processes are standardized company-wide and within each of its business units?
3. What specific types of data are integrated across the whole company and each of its business units?
4. What is the highest-level structure of the IT landscape in the company and in each of its business units?
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Identify and describe the forms of nonverbal communications which affect how we interpret verbal communications. Provide examples to support your response.
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Question 1
With reference to the extract, explain workforce diversity and
discuss four (4) reasons why it
is necessary to increase workforce diversity in South Africa.
Question 2
According to the extract, it is only when the leadership embraces
diversity and makes it an
organisational priority, will its true benefits be seen. Based on
this, critically discus five (5)
organisational approaches to the management of diversity.
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Third Avenue Software is a relatively young company that develops mobile applications for phones. The company is still trying to find its corporate identity and permanent footing; it has released several moderately successful products but is still looking for a best-seller. Likewise, the company is still trying to determine which internal systems work best for its employees. Project management is among these systems. The company has used a few agile principles in previous projects with some success; its new project will use agile and Scrum whenever possible.
Many of Third Avenue’s products thus far have been designed to serve niche markets, so the company’s cofounders instructed their marketing staff and programmers to identify markets that have more universal customer appeal. A couple of programmers quickly turned their focus to the field of health care, which affects everyone directly or indirectly. The programmers drafted an idea for an app that could serve as a “one-stop shop” for customers’ health-care information and needs. The app’s name is to be determined, but it will contain the following features and information. Because Third Avenue knows from experience with agile projects that software complexity ratings can be useful for later time and cost estimates, management asked the programmers to include initial complexity estimates for each major feature set. These numbers are shown in parentheses and use a scale of 1 to 8:
The budget for the project is $350,000, and Third Avenue management would like to see a finished application available in four months.
Scrum will be the preferred approach to managing the project’s development because Third Avenue wants a working version of the application quickly but does not yet know the full scope of the project. This working version will be released for review and testing well before the planned official release in four months. Remember that agile projects involve numerous iterations and software versions before the final release. These versions should be responsive to the concerns expressed by all stakeholders.
For example, programmers assigned to the app’s development might be needed to provide support for other company projects, and more functionality might be added to the app after various stakeholders have had an opportunity to evaluate the first working version.
Usability
Usability will be extremely important, as customers will tend to be older than those who download and buy the majority of mobile apps. For example, the app will require a prominent control for increasing the text display size. Such controls are available in a phone’s Settings feature, but many older users tend not to explore such “hidden” settings.
The features mentioned above need to be immediately available and easily accessible when the app is launched.
Another usability issue is crucial: How does the app balance customer privacy against the need to share some of the customer’s information in an emergency? For example, the emergency information list might be of no use in a medical emergency if the customer’s phone access is blocked by a password that only she knows.
Taken as a whole, programmers give usability issues a complexity rating of 4 on a scale of 1 to 8.
Monetizing the App
Another unknown is the question of how to monetize the app most effectively—for example, the app will use ads, but how? Pop-up ads are an annoyance to many people; will they be tolerated by users or will they be immediately rejected? Will the app offer premium services, and if so, what are they? Will a subscription paywall be viable after an initial period of free use?
Project Team
As one of the two senior programmers at Third Avenue, you have been selected to run the project for developing the health-care app. You will be joined by the following colleagues on the project team:
Project Scope
Remember that project scope management is different in agile projects than in traditional project management. For example, participants in agile projects typically spend less time defining scope in early stages of a project. However, Third Avenue has high hopes for the health-care app and wants to make sure that all team members work out some basic, crucial requirements before proceeding. Also, agile projects generally require more iterations of working software than in traditional project management, so management must be willing to trust the process once the basic requirements are in place and understood.
To help develop scope, agile and Scrum approaches employ cards, user stories, and technical stories. User stories are often written on index cards and then arrayed on a wall or table top to help the agile team plan how to implement the ideas into the product. Technical stories are then developed from the user stories. Technical stories can contain one or more technical tasks that developers use to chart progress on a sprint board as work is conducted throughout a sprint. This approach facilitates group discussion, which often leads to a much better set of product specifications than the rather simple ideas expressed on the cards.
One of management’s key goals is to have the team develop ideas for completing a minimum viable product (MVP) as soon as possible. An MVP is a streamlined, stripped-down version of a product that can still be released for real-world use and review. It contains a subset of features that will be included in the final version. An MVP must possess several key properties:
Remember that the overall budget for the project is $350,000, and Third Avenue management would like to see a finished application available in four months. The MVP version, of course, must be available much more quickly—management wants it to be ready to ship in six weeks. The project team has decided that sprints will be done every two weeks, so the MVP version must be ready to ship for use and review after three sprint cycles. The budget for completing the MVP is $120,000.
Task 1 - Develop the project charter for the health-care app project.
Task 2 - Develop user stories and technical stories to describe the software requirements for the health-care app.
Task 3 - Develop an initial scope statement.
Because of management’s concerns about scheduling, they have requested that you add two members to your team:
As the product owner, you have done some research on agile-specific scheduling and think that the scheduling approach used by the FBI to complete its Sentinel computerized file system will work for the Third Avenue project. This scheduling approach was discussed in Module 6. In the Sentinel project, work was organized into user stories, each of which were assigned a number of “story points” based on how much work was needed to complete each task. Story points are an abstract measure of the amount of effort needed to convert a user story into a functioning piece of software. Story points are calculated, or sized, based on the estimated amount of work needed, task complexity, risk in doing the work, and time required to do the work.
At the start of each two-week sprint, the team decided which user stories to complete for that sprint. Completed parts of the app were then incorporated into the next iteration of the software build for customer review and approval. User stories still pending completion were kept in the product backlog awaiting future sprints. This approach helped the team focus on completing a system that met customer requirements in a timely manner. The agile approach emphasizes finishing subsets of software features for the customer in regular, short intervals as opposed to an attempt to define and schedule the entire project at the beginning.
Management has also asked the team to develop a list of project milestones and make sure these can be completed within the sprint schedule, which is once every two weeks.
Task 4 - Prepare a Gantt chart for the health-care app project.
As with other methods of software development, the application’s size is a major indicator of how much it might cost to develop. In agile development, cost estimates are often made based on size measurements such as story points.
You will recall that each user story for the health-care app is assigned a number of story points based on estimates of how much work is needed to complete each major task. Based on prior experience with agile projects, the three-person accounting staff at Third Avenue Software has determined an average dollar production cost for a story point: $1200.
However, the staff accountants are not completely confident in this average dollar value because Third Avenue’s experience with agile projects is not extensive. The accountants would like the team to confirm their calculations, if possible.
Earned value management (EVM) is a more traditional project management method for determining whether a project is meeting time and cost goals. EVM requires calculation of three values for each major activity in the project:
Managers at Third Avenue are also eager to see evidence that the Quality Assurance staff are making progress in their ability to test the health-care app. They have asked the team to provide at least a basic framework of test specifications.
Task 5 - Prepare a Cost Analysis as described below.
PV $105,000
EV $122,000
AC $105,000
Using this information, answer the following questions.
Task 6 - Develop a short list of quality requirements for testing. Include at least five of the important app features and/or usability issues described thus far in this running case. In your list, briefly describe each requirement.
Task 7 - Develop a progress report for the project.
Task 8 - Develop a probability/impact matrix to document risks to the health-care app project.
Task 9 - Create a stakeholder management plan. Be sure to handle the stakeholders’ concerns and input for the health-care app after it has been released to the field. For example, continuing strategies are needed to monetize the software most effectively and to achieve maximum market penetration.
Task 10 - Create an issue log for the project’s main activities.
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Long Answer Question:
-Use at least two Organizational Behaviour Models to explain the characteristics of a successful leader.
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What are your thoughts on reimbursement incentives for surgeons?
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What are several significant IT developments that you expect to happen in the next ten years. How will these affect the business use of computers?
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What types of hardware devices could be used to implement a Customer loyalty system in a restaurant.
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Price competition is intense in the fast-food, air travel, and personal computer industries. Discuss a recent situ- ation in which companies had to meet or beat a rival’s price in a price-competitive industry. Did you benefit from this situation? Did it change your perception of the companies and/or their products?
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