Explain the role of rational and intuitive cognition in the theory and practice of management. Discuss that the decision-making process takes place in conditions of permanent uncertainty under the pressure of time.

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MGT425–Spreadsheet Decision Modeling

Assignment Questions: (Marks 15)

Read the above case study and answer the following Questions:
Question 1: Explain the role of rational and intuitive cognition in the theory and practice of management. (250–300 words) (3–Marks).
Question 2: Discuss that the decision–making process takes place in conditions of permanent uncertainty under the pressure of time. (250–300 words). (3–Marks).
Question 3: Discuss the inadequacy of the management theory in relation to problems faced by management practitioners in the decision–making process. (250–300 words) (3–Marks).
Question 4: Explain the various stages of problem–solving process with suitable examples. (250–300 words) (3–Marks).
Question 5: What is your learning from this study and how it is beneficial for you? (250– 300 words) (3–Marks).

Assuming that these sample data are representative of demand during the year, determine how many loaves of each type of bread should be made such that demand would be met on at least 75% of the days during the year.

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Discussion

Week 3

Explain when the empirical rule can be used to help describe data in a population or a sample, defining which data distributions cannot be explained by this rule.

Week 5

The manager of a fast-food store realizes that her staffing problems are a result of the variation in the number of customers that arrive at the store. If the same number of customers came each hour, she would know exactly how many servers to have working. It turns out that the Poisson distribution works well to describe the arrivals of customers in any given hour.

  • Explain why the manager has more trouble staffing the store during those hours when the average arrival rate is higher

Week 6

  • How would you respond to a statement that says that by increasing the sample size, the amount of sampling error will be decreased?

Assignment

Japolli Bakery makes a variety of bread types that it sells to supermarket chains in the area. One of the problems is that the number of loaves of each type of bread sold each day by the chain stores varies considerably, making it difficult to know how many loaves to bake. A sample of daily demand data is contained in the file SEE ATTACHED

  1. Develop a frequency distribution for each bread type using appropriate intervals.
  2. Select which bread type has the greatest and lowest relative variability.
  3. Assuming that these sample data are representative of demand during the year, determine how many loaves of each type of bread should be made such that demand would be met on at least 75% of the days during the year.

Demonstrate an understanding of the challenges in balancing execution and innovation within established organizations. Demonstrate knowledge about the specific approaches and mechanisms for deciding, directing and implementing the innovation process and its management.

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MANAGING INNOVATION

UNIT DETAILS
DEPARTMENT BAED PROGRAMME BA (Hons) in Business Studies
UNIT CODE   UNIT TITLE Managing Innovation
SEMESTER Spring SESSION Spring 2023

 

COURSEWORK DETAILS
       
C/W TITLE Consolidating Innovation Content
C/W TYPE Essay
HAND-OUT DATE     FEEDBACK  DATE  

 

LEARNING OUTCOMES
Students will:

LO1: Recognize and classify the various types of innovation using the innovation typology tools.

LO2: Demonstrate an understanding of the context and the sources of innovation opportunities.

LO3: Demonstrate a good understanding of the core elements of the innovation process.

LO4: Recognize and evaluate the barriers and enablers for innovation in organizational settings.

LO5: Demonstrate an understanding of the challenges in balancing execution and innovation  within established organizations.

LO6: Demonstrate knowledge about the specific approaches and mechanisms for deciding, directing and implementing the innovation process and its management.

 

PART C1a. ASSESSMENT CRITERIA for the WRITTEN ESSAY (55%)
1. Ability to critically expand and draw on the subject pros and cons closely related to organizational growth  and/or sustainability within the context of Innovation. 40%
2. Ability to Self-reflect and assess the overall part of this Assessment (Parts C1a & b) 25%
3. Plausible Conclusions 20%
4. Consistent development in terms of format and overall CW requirements (Quality of the overall Report  Structure, Proper referencing of all source material) 15%
TOTAL 100%

 

Define new public management as an approach to performance management. Define new public service as an approach to performance management.

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Interactive Activity Week 7

Section 1:

7.2 Action Required:

Watch the short video in the following link:

7.3 Test your Knowledge (Question):

  • Describe the different phases of Project Management. Explain
  • Why Scheduling is important in Project Planning. Explain

 

Section 2:

MGT 324

7.1 Learning Outcomes:

  • Understand new public management as an approach to performance management
  • Understand new public service as an approach to performance management

7.2 Action Required:

Watch the video at the following link

7.3 Test your Knowledge (Question):

  • Define new public management as an approach to performance management.
  • Define new public service as an approach to performance management.

 

Section 3:

MGT 325

7.1 Learning Outcomes:

  1. Familiarize with the factors firms use to evaluate the collaboration opportunities.
  2. Identify and explain the various forms of collaboration and the tradeoffs associated with each of them.
  3. Establish the factors that are crucial to a successful collaboration

7.2 Action Required:

  • Watch the short video in the following link

7.3 Test your Knowledge (Question):

  • List the many types of collaboration, their tradeoffs, and an explanation of each type of collaboration.

 

 

Section 4:

MGT 422

7.1 Learning Outcomes:

Upon completion of this week’s activities, you will be able to:

7.2 Action Required:

Watch the short video in the following link and answer the questions that follows:

7.3 Test your Knowledge (Question):

  • In addition to identifying and training good managers, what else could an organization do to increase levels of employee engagement?

Write a short paragraph highlighting main points as explained in video regarding knowledge management strategy.

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The World Bank and IMF

9.2 Action required

Q1. Watch the video using the link below

9.3 Test your knowledge (Question)

Differentiate the World Bank from the IMF (250 words)

Q2. Open the following link and listen to the video carefully

9.3 Test your knowledge(Question)

Write a short paragraph highlighting main points as explained in video regarding knowledge management strategy. (250 words)

Which position or group of stakeholders has the most power in your organization or one with which you are familiar? Is their power obtained through formal positions, or does the culture of the organization lead to some people or groups having more power than others? How can the distribution of power be used to motivate employees? How can the organizational structure of a company impact the distribution of power?

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Principles of Management

Which position or group of stakeholders has the most power in your organization or one with which you are familiar? Is their power obtained through formal positions, or does the culture of the organization lead to some people or groups having more power than others? How can the distribution of power be used to motivate employees? How can the organizational structure of a company impact the distribution of power?

Identify and explain two ways that human resources professionals can support managers. Identify and explain two ways that controllers can support managers. Why is it important for managers to work collaboratively with controllers, human resource professionals and other internal stakeholders and leaders within the company?

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Principles of Management 2

Part 1: Research a minimum of four articles regarding group norms and conformity. Explain how both conformers and non-conformers influence the group. Explain the consequences of not having either type of group member in any given group.

Part 2: Identify and explain two ways that human resources professionals can support managers. Identify and explain two ways that controllers can support managers. Why is it important for managers to work collaboratively with controllers, human resource professionals and other internal stakeholders and leaders within the company?

Using your mock study topic as an example, explain the role of the researcher in qualitative research. Write your response on a new line below.

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Qualitative Mock Study Worksheet

Part 1 – Research Alignment

This week you will begin to develop your qualitative mock study. For this assignment, you will state the problem and purpose of your study, write a research question(s) and sub-questions (if applicable), and review and analyze your alignment of these components.

Complete each section below.

 

State the Problem

State the problem, including the consequence(s) of the problem. Remember: Without a consequence, you don’t have a problem; you have a situation. Write your problem on a new line below.

Example: The problem is [state the problem], resulting in [state the consequence]. Note: Be sure to provide an APA formatted citation for this problem and reference(s) in the appropriate section at the end of this document.

 

Purpose of the Study

The purpose statement describes the goal of the study and includes the following elements: the purpose of the study, the subjects/population who will participate in the study, the geographic location of the study, and the research methodology used in the study. Write your purpose statement on a new line below.

Example: The purpose of this qualitative [research design] study is to [state the purpose of your study].

 

Research Questions Research Question 

The research questions are overarching questions that will guide your qualitative study. Sometimes researchers incorporate a single central research question, while other times, multiple research questions are used. If a single research question is used, at least two research sub-questions should also be included. See the CDS Dissertation Guide and Alignment Handbook in CDS Central for some additional information and examples. Write your research questions on a new line below.

Examples of how research questions could begin:

  • How…?
  • ..?
  • In what ways…?
  • ..?

 

Review and Analyze your Alignment

Now review your problem, purpose, and research question(s). Be sure that you have used proper qualitative word choices (as discussed in previous weeks). Briefly explain how your problem, purpose, and research question(s) align. Write your response on a new line below.

Part 2 – Ethical Considerations

This week, you will continue to develop your qualitative mock study through an exploration of key ethical considerations. For this assignment, you will describe issues related to role, access, and ethics in qualitative research studies and their relationship to research design.

Complete each section below.

 

Role of the Researcher

Using your mock study topic as an example, explain the role of the researcher in qualitative research. Write your response on a new line below.

 

Access to Participants

Think about what participants you might be interested in interviewing or observing for your qualitative mock study. Describe how you will gain access to these participants, including any relevant steps needed to gain permission to access these individuals. Write your response on a new line below.

 

Ethical Considerations 

Discuss any additional ethical considerations in your qualitative mock study. Think about aspects of confidentiality, credibility, etc. Write your response on a new line below.

Part 3 – The Interview Protocol

Use your qualitative mock study topic to complete the following interview protocol. Be sure to complete all sections unless they are marked with N/A. Insert your responses in each section below.

 

Interview Specifics

Time of Interview: N/A

Date: N/A

Place (in person, Zoom, etc.):

Interviewer (your name):

Participant(s)/Interviewee(s): N/A

 

Position of Participants/Interviewees

Describe the key interview inclusion criteria for your potential participant(s).

 

Project Description

Describe your project using basic language your participant(s) will understand.

 

Research Question Guiding your Mock Study

Write the research question that is guiding your mock study.

 

Interview Questions

Write 8-10 questions interview questions.

 

Closing Message to Participant

Write a closing message to the participant(s).

Calculate their performance scores and analyze which one will best serve Bob’s Custom BBQs.

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Assistance with Case Study Presentation

This case study explains three different transit companies that Bob’s Custom BBQs is considering to use. You are to calculate their performance scores and analyze which one will best serve Bob’s Custom BBQs. You are to read this case study and answer all three questions.

After answering the questions, you will need to create a presentation. In the presentation, add the following items in your presentation.

  • 8–10 slides (PowerPoint)
  • Background
  • Custom animation
  • Slide transition
  • Notes under each slide to provide more detail explanation
  • References and quotation based on APA style

Based on the data presented in the Unit VII Spreadsheet Template in Excel (IRR tab), calculate the internal rate of return (IRR) for the new equipment purchase.

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Cookie Business Final Project

Now that your cookie business is well underway, you are going to use the knowledge that you have gained in this course to evaluate the financial information for the company. You will be creating a series of reports and analyzing the results using the templates provided to guide you through the project.

The learning objectives of this project are as follows:

  1. Apply accounting concepts and standards to the creation of accounting information and reports.
  2. Analyze accounting information used to make strategic business decisions.
  3. Apply ethical behavior to accounting-related situations.
  4. Make business decisions based on analyzing accounting data.

Using the Unit VII Final Project Template , prepare a four- to five-page written report (including spreadsheets) with at least three scholarly sources. Your report will provide the following information:

Introduction

Part 1: Based on the data presented in the Unit VII Spreadsheet Template in Excel (CM Breakeven tab):

  • Calculate the contribution margin (CM) for each of the three products sold at the cookie business.
  • Calculate the weighted average CM.
  • Calculate the breakeven point.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss the results based on your calculations as far as which type of cookie you think is the most profitable, which has the highest CM, etc.

Part 2: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Full Variable tab), complete the calculations listed below.

  • Calculate the value of ending inventory under full or absorption costing.
  • Calculate the value of ending inventory under variable costing.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss the results, and comment on which method you think is more helpful to managers and why.

Part 3: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Special Order tab), calculate the net increase or decrease in profit if they take the special order.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss the results and comment on if you think the cookie business should take on this special order of cookies for a wedding. Business has been slow the last few months, and the offer is less than the usual selling price for the cookies.

As part of your discussion, include both quantitative (based on the numbers) and qualitative (not based on numbers) factors that would go into the decision to take on the special order.

Part 4: Based on the data presented in the Unit VII Spreadsheet Template in Excel (IRR tab), calculate the internal rate of return (IRR) for the new equipment purchase.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Note: the PV Annuity table is provided for you. Discuss if you think the cookie business should accept or reject the purchase of the new equipment and why.

Additional information has come to your attention regarding the equipment purchase. One of the partner’s brother owns the company that sells the equipment and insists the equipment is needed. Discuss any ethical concerns you see with this type of transaction.

Part 5: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Cash Budget tab), calculate the cash receipts for the first quarter of this year.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss your observations about the way cash is collected if the company needs $150,000 per month for expenses.

Part 6: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Variances tab), complete the following calculations.

  • Calculate the material variances.
  • Calculate the labor variances.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss your observations about the variances and ways to plan to improve any of the variances.

Conclusion and Recommendations

Summarize the key observations that you have made about the cookie business based on the calculations you have performed, and present any future recommendations.

Be sure to use APA formatting throughout, and reach out to the Writing Center or the Library for assistan