Critically analyse the role that best practices play

Assignment Help Management Theories
Reference no: EM133163307

MGT610 Organisational Best Practice

Case Study Analysis; Part A

Learning Outcome 1: Apply and justify appropriate metrics to identify and resolve business problems
Learning Outcome 2: Critically analyse the role that best practices play in organisational competitiveness

Context
Benchmarking is the process by which organisations measure themselves against their own performance and that of their competitors. There are different types and forms of benchmarking, different purposes, different measures, and different outcomes. This assessment task requires you to demonstrate your understanding of benchmarking by undertaking a benchmarking analysis of an organisation's current strategy, and against its competitors, and/or national or international standards (depending on the form of benchmarking you choose to undertake).
Following the analysis of the organisation, you should be able to identify a strategic weakness that provides an opportunity for improvement. This opportunity will form the basis for Assessment 2, in which you will recommend solutions to the strategic weakness and benchmarks for assessing your solutions.
Instructions
1. At the start of Semester, the Learning Facilitator will inform you of which organisation will be analysed.
2. You will then find the organisation's most recent Strategic Plan, Annual Report, sets of financial reports, and/or other measures of business activity.
3. From these documents, you will need to determine the CURRENT Strategy for the Organisation, and from the Strategy identify at least four (4) appropriate lagging
indicator benchmarks against which this organisation can be measured - either within their market, industry; and/ or against national or international standards.
4. Compare the organisation's performance against the chosen benchmarks and market trends.
5. The report should identify a strategic weakness in the organisation's current performance, but you DO NOT need to recommend changes that could be made to change the enterprise in line with the weakness identified.

Whilst the format may vary for your report, below is a suggested outline for you to follow:

• Cover page
• Executive Summary
• Introduction
o Overview of the organisation and their products/services.
o The market within which the organisation operates including the overall size of market, a full competitive analysis and market share.
o The greatest PESTEL element that is affecting the organization's current strategy either negatively or positively. DO NOT DO A FULL PESTEL ANALYSIS.
• Main Discussion
o What is the current strategy for the organisation?
o Based on the current strategy, what areas of the organisation are being analysed?
o Full diagnostic measurement and analysis of the selected lagging indicator 4 benchmarks.
o What strategic weaknesses was identified?
• Conclusion.
• References, including a minimum of five (5) academic references
• Appendices where applicable

You are encouraged to use tables, charts, and images in your report. Please note that the cover page, executive summary, references, appendices, tables, charts, and images do not form part of the word count.

Attachment:- Organisational Best Practice.rar

Reference no: EM133163307

Questions Cloud

Create an information governance policy : Create an information governance policy accompanied by a report justifying the polic and recommending an implementation strategy
Perform analysis and simulation using CAD software : Choose dissertation topic based on Manufacturing or provide me list of topics so that we will finalize dissertation - CAD software used to perform analysis
Complete data science project : Demonstrate ability to carry out a literature search and summarize the state of the art and Demonstrate ability to translate the project objects
What part of the plan would impress a potential investor : What part of the plan would impress a potential investor most favorably? What part seems weakest
Critically analyse the role that best practices play : Critically analyse the role that best practices play in organisational competitiveness and Apply and justify appropriate metrics to identify and resolve
Calculate the dividends per share on each class of stock : During its first four years of operations, the following amounts were distributed as dividends: first year, $56,900; Calculate the dividends per share
EDEC308 Student Teaching in the Pre-K to Primary Grades : EDEC308 Student Teaching in the Pre-K to Primary Grades Assignment Help and Solution - management and organisation skills required, learning Outcomes
What would be journal entry to record depreciation expense : The company uses the straight-line depreciation method. What would be the journal entry to record depreciation expense for the month of March 2021
What is the total food sales for the budget period : A business wants to calculate food revenue for the month of July based on 75 seats. What is the total food sales for the 31-day budget period

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd