Development of a personal business model

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Reference no: EM132370613

Human Resource Management for Entrepreneurship and Innovation Assignment - Individual career modelling

Overview -

Career planning is essential to achieving success in a chosen career. Over past decades traditional career planning methods have been tried and tested, but the question is have they kept up with the times? Tim Clark, developer of the Business Model You (BMU) canvas, believes the era of modeling has replaced the era of planning. Hence, Clark claims that his new innovative tool is more suited to today's fast changing business environment than traditional approaches. In this course we provide you with the opportunity to test this tool and tell us about your experience and findings, and whether you agree or disagree with Clark.

This assessment consists of two parts:

  • Part 1: Personal career model (canvas).
  • Part 2: Reflection and critical analysis.

Learning outcomes -

  • Critically evaluate, integrate and apply theoretical frameworks to foster and facilitate entrepreneurship in real-world organisational contexts.
  • Utilise creative and innovative ability to enhance the entrepreneurial endeavours and organisational innovation through appropriate HR practices.
  • Present and generate ideas, concepts and arguments in a logical and coherent manner.

After completion of this assessment you should be able to:

  • Develop a career model for yourself using the 'Business model you canvas'.
  • Assist others in your organisation to develop their own career models.
  • Make recommendations to management with regard to the appropriateness and usefulness of this tool as an alternative to traditional career planning.

Assessment details -

You are an HR professional working in a large corporation that employs in access of 1,000 FTE staff. Your area of responsibilty is career planning for staff at all levels. The HRM Manager has just approached you with a request to investigate a new methodology called the Business Model You (BMU) canvas that potentially can be used in place of traditional career planning. The BMU is a complete unknown to the company, but since the HR division is known for its innovativeness, they are always willing to try out new things. Your task is firstly to experiment with the BMU either by applying it to your own situation or testing it on any employee that is willing to participate in the trial. After this, you must reflect on your experience using the BMU and make suitable recommendations on whether the company should adopt it in place of the traditional method.

You must present your findings to your manager in a written management report that adheres to the specified report requirements (see below).

The core of your report consists of two parts:

Part 1: Development of a personal business model

Whether for yourself or for a participating employee, develop the first canvas that reflects the status quo situation in which the subject finds themselve at the current time.

Use this canvas as the base line to develop a new personal business model (as a second BMU canvas) that reflects the elements that need to be put in place in order to progress the career under scrutiny to the next level.

  • Use the free online tools to compile your two BMCs, and provide a brief description of the process you followed to progress from the first to the second canvas.
  • You must make it very clear how the nine elements of the canvas were implicated by design changes that you brought about in the new career model.

Part 2: Critical analysis and reflection

In this part of the report you must reflect on your experience in drawing up the career model. For example, discuss positive and negative aspects of the process that you followed to complete the new career model and speculate on whether this tool could substitute traditional career planning in organisations. Answer the following questions:

  • What are its strengths and weaknesses?
  • Was it a useful exercise for the subject?
  • Is the end result meaningful and worth the effort?

Requirements -

A front cover page that contains the report's title, author(s), date and word count.

An executive summary of no longer than one page.

A table of contents. Main and sub-sections must be numbered and linked to page numbers.

The report must be paginated.

The report must be spell checked.

All figures, tables and graphs must be sequentially numbered and captioned.

All figures, tables and graphs must be referred to and discussed from within the body of text.

In-text citation of sources must be done correctly (using APA6 or Harvard).

A reference list must be provided and it must comply with the prescribed style (APA6 or Harvard).

Appendices must be sequentially numbered and appropriately captioned.

Each report must have an introduction, a body and end with a conclusion.

Verified Expert

The assignment is on the analysis and the applicability of the new Business model named " Business Model You" which has been used for framing a career plan of 1000 FTE staff in the firm. Business Canvas Model has been used as a traditional model and in contrast to it a new personal career model has been explored. The strengths and weaknesses of both the contrasting model have been stated.

Reference no: EM132370613

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Reviews

len2370613

9/13/2019 10:52:16 PM

Total Words – 2400. Referencing guidelines - Use RMIT Harvard referencing or APA6 style for this assessment. You must acknowledge all the courses of information you have used in your assessments. Refer to the RMIT Easy Cite referencing tool to see examples and tips on how to reference in the appropriate style. You can also refer to the library referencing page for more tools such as EndNote, referencing tutorials and referencing guides for printing.

len2370613

9/13/2019 10:52:10 PM

Assessment criteria - Canvases include all components and meet all requirements indicated in the instructions. Each component of the canvas is addressed thoroughly. All attachments and/or additional documents are included, as required. In-depth reflection on, and personalisation of, the theories, concepts and/or strategies presented in the course materials to date. Analyses show strong evidence of synthesis of ideas presented and are insightful and well supported. Clear, detailed examples are provided, as applicable. Writing is clear, concise, and well organised with excellent sentence/paragraph construction. Report meets all the required criteria. Thoughts are expressed in a coherent and logical manner.

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