Develop and implement a contingency plan

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Reference no: EM131847156

Manage innovation and continuous improvement Assignment Tasks

TASK 1 -

You are required to review the case study on 'VTI Electronics' attached as Appendix A. You are required to build a better and more effective work environment through innovative learning and continuous improvement process. Based on the case study, devise and document your responses on the following points:

Perform detailed analysis of:

Supply chain management.
Operational management system.
Product and service delivery system.

Develop review strategy to evaluate performance and sustainability of key systems and processes.

Identify and evaluate Key Result Areas (KRSs), Key Performance Indicators (KPIs) and assessment tools and techniques.

Analyse performance report and variances for KRAs from the data provided in the case study. Include sales, profit and losses, delivery, business growth and design manufacturing.

What were the ongoing trends and opportunities as per the case study? Why did VTI Electronics failed? Discuss the company's SWOT analysis.

Now if the company would still have been in operations today,

What advice you would seek from internal and external specialists about technology and e-commerce opportunities.

Develop innovation and performance improvement strategies and communicate to all relevant groups: (As an exercise, you can verbally communicate this to your assessor. Attached observation sheet must be filled for every student.)

Strategic goals.
Amendment to existing processes or implementation of new processes.
New KRAs, KPIs and targets.
Increasing efficiency and effectiveness.

Ensure creative climate and promote interaction for communicating the performance improvement strategies.

Seek new ideas from others and work through their implications to try them.

Recognise potential problems if any, during training and accept them as failure.

Perform risk management and cost-benefit analysis for all ideas approved for trial.

Submit new innovation through an agreed processes.

TASK 2 -

In continuation with the case study in Appendix A , you are also required to perform the following tasks:

Develop transition and communication action plan including:

Activities and objectives.
KPIs and Timeframes.
Activities promoting processes and sustainability.
Impact of any change and its consequences on people.

Develop and implement a contingency plan in case of non-performance.

Find out and analyse root causes of failure.

Identify emerging challenges and opportunities.

Develop evaluation and continuous improvement plan.

Document and brief costs and benefits of innovation and improvement to work groups.

Attachment:- Assignment File.rar

Reference no: EM131847156

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Reviews

len1847156

2/3/2018 5:40:55 AM

Students must complete all assessment tasks and submit their evidence to the assessor. Each task will be graded as either S - Satisfactory or NS - Not Satisfactory by the assessor. Students will be given feedback by the assessor. The assessor will use Task checklists to assess each task. If the task is graded as NS - Not Satisfactory, the assessor will provide clear feedback to the student and the student will be required to re-submit the evidence. When all assessment tasks have been graded as S - Satisfactory, the student will be deemed C - Competent.

len1847156

2/3/2018 5:40:49 AM

If all the assessment tasks are not satisfactorily completed, the student will be deemed NC - Not Yet Competent and the Assessor will detail the reasons for this assessment decision on the front page of this document. Students can appeal to Vocational Training Institute against an assessment decision. This appeal should be made in writing within 7 days of the assessment decision. Reasonable Adjustments to the Assessment Tasks - by student request - Reasonable adjustments can be made to the assessment tasks for students who have special needs. Students with special needs should contact the assessor as soon as possible to explain their situation and discuss alternative approaches.

len1847156

2/3/2018 5:40:43 AM

Assessment Conditions: Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the management and leadership field of work and include access to: Relevant workplace documentation and resources, Case studies and, where possible, real situations and Interaction with others.

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