Ask Business Management Expert

Establishing Baselines and Assessing Success - MUST USE AMAZON FOR FIRST 2 PORTIONS FROM PREVIOUS WORK ALREADY DONE.

In this Assignment, through the development of pilot studies and contingency plans, you will engage in developing the following professional competencies:

? Write an action plan

In this Assignment, you are going to evaluate a specific business process based on criteria detailed below. If you already have selected a business process, continue using that and skip to the next paragraph. If you have not yet selected the business process you will use for these Assignments, then begin by selecting one. E-mail your instructor and clearly describe the objective of this process, the participants, and the strategic significance for the company. The business process you select must have a clear beginning and an end, with identifiable, specific steps. Your instructor will confirm that the process you selected is suitable, or ask you to select another one.

For this Assignment, write a paper that answers the following questions (use the subheadings/numbered questions below to organize your paper):

PART 1 - IMPLEMENTATION STRATEGIES

In the first section, you will use critical thinking skills to tackle the problem of revised process implementation. You will evaluate various implementation strategies and pick the best option for your project.

Analyze the suitability of the four implementation strategies discussed in your book to your project, determine the best one and describe how you would design the implementation for your specific process based on this strategy.

? For each strategy explain the specific pros and cons of using it for your project. Do not simply repeat the generic pros/cons from the book- your analysis should be based on how each strategy applies to the process you selected and the nature of your selected organization. Discuss the makeup of your organization as well as the requirements of your process and anticipate how each strategy may experience difficulties.

? Select the one you think will work the best in your situation. Justify your selection.

? Explain how this strategy must be customized for your selected process.

How would you design the rollout process? What would be required for the success of this strategy when implementing your revised process?

PART 2 - ESTABLISHING BASELINES

To begin with, list three metrics that you think can help you quantify the performance of the current process. List and define the metrics clearly, explain why each metric is important in the assessment of the process and then give an example of the statistic units. For example, if your metric is "speed of processing" it may be defined by how quickly each employee audits a tax form, and the example would be that "on average you would expect 8 tax forms audited per hour." If you have already done this in a previous Assignment, you may copy and paste a summary from that Assignment.

Then, revisit the metrics that you selected for your baseline. For each metric, clearly discuss the following:

1) Describe what the metric is: how is it calculated and used currently?

2) As far as being used as a justifiable project goal, what kind of a change in this metric would constitute success? How did you arrive at this figure? If this target change figure is not possible to estimate now, then describe how you would compute it if you were actually carrying out this project: who would be involved and where would the data come from?

Read the following case study and answer the questions at the end.

In 2009 it was decided that ABC Tire Company would implement a BPM project with the following goals:

? Decrease the labor cost per tire and

? Increase profit from each tire sold by 5%.

To track the success (or failure) of the project they determined the following baseline data for 2009.

Total # of Tires Sold - 22,594

Materials Cost Per Tire - $21.23

Labor Cost Per Tire - $12.67

Average Retail Price Per Tire - $119.00

Average Profit Per Tire - $85.10

After implementing the BPM project ABC Tire Company reviewed the value of the project after a year and identified the following information:

Total # of Tires Sold - 27,669

Total Materials Cost - $533,450.00

Total Labor Cost - $397,555.00

Average Retail Price Per Tire - $122.13

Using the data provided above, calculate and fill in the following table (show all your work; completing the table without the calculations will result in no credit):

Materials Cost Per Tire

Labor Cost Per Tire

Average Profit Per Tire

% Increase or Decrease in Materials cost Per Tire

% Increase or Decrease in Labor cost Per Tire

% Increase or Decrease in Average Profit Per Tire

After the table is complete, address the following questions:

1. Why is it important to ensure that the baseline data is accurate?

2. Was the project successful? Why or why not?

Must be at least 4-5 pages, include reference page and in APA format.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92059397

Have any Question?


Related Questions in Business Management

Name a company that addressed a recent ethical problem in a

Name a company that addressed a recent ethical problem in a positive way. Also, explain how or if this positively affects us as a community?

When it is appropriate to use the trade-off process what

When it is appropriate to use the trade-off process. What conditions apply, and the technical evaluation criteria that might be used?

Need help with a essay with the following phrase for

Need help with a essay with the following phrase for analyzing : " Capitalism is at the heart of how people and organisations are managed in contemporary society" May i ask for a better explanation of the question? Also ...

How could these three tenets of the auburn creed be used to

How could these three tenets of the Auburn Creed be used to motivate others: "I believe that this is a practical word and that I can count only on what I earn. Therefore, I believe in work, hard work." "I believe in educ ...

How can these two tenets of the auburn creed by used in

How can these two tenets of the Auburn Creed by used in addressing teamwork issues: "I believe in honesty and truthfulness, without which I cannot win the respect and confidence of my fellow men." "I believe in the human ...

Discuss the advantages of having and interacting in a

Discuss the advantages of having and interacting in a diverse workplace. Consider the wide range of ideas and perspectives that a range of team members bring to a team, that are of differing ages, ethnic backgrounds and ...

Parmigiano-reggiano global recognition of geographical

Parmigiano-Reggiano: Global Recognition of Geographical Indications What historical factors have helped support the consortium's claims for the geographic specificity of Parmigiano-Reggiano and Parmesan? What are the eco ...

Communication planthis communication plan will be a roadmap

Communication Plan This communication plan will be a roadmap on how the new division will best be able to communicate with Biotech's corporate headquarters, suppliers, other divisions, and internally. This should lay out ...

Discuss strategies to obtain feedback from a customer and

Discuss strategies to obtain feedback from a customer and clients when working in sales.

Describe different networking methods and the advantages

Describe different networking methods and the advantages and disadvantages of them?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As