How to address advantage of a business opportunity

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Reference no: EM132628268

Assignment: In a video of no more than 5 minutes identify one key change associated with the future of work. What is the 'business case' for this change? (e.g. what is the possible impact of this change/topic on future work and, as in Understanding the future of workPreview the document, you will have a view. What is your view of this topic? Make the case for your position)

Present the business case for your viewpoint as a video presentation.

You should submit your videos via Canvas (see below for instructions) along with a set of no more than 5 PowerPoint slides.

Written business cases typically some or all of these elements. Your presentation will not need all these elements. Suggested elements to include are highlighted. Executive summary

• Provide a summary of the topic and proposed solution. Tailor it to your audience. Offer a high-level overview of research on current debates that leads you to the case you are making. Problem statement

• Briefly state the problem or topic under consideration and the opportunity.

Background: • Outline the business context. Include information relating to skills, costs, and performance that contribute to the business problem. In general terms indicate what is required to address the problem. Solution

• In a few points summarise how to address the problem or take advantage of a business opportunity. Organizational or industry impact

• Identify current roles and processes or legislation that will be impacted by the proposed solution. For example, legislation jobs, policy, processes (e.g. recruitment, training), approaches to work, related industries. Alternatives and risk assessment

• Outline other options to implementing the proposed solution (e.g., the ‘do nothing', ‘do the minimum', ‘implement the proposed solution' scenarios).

• Summarise the basic requirements for each option Compare and contrast each of the alternatives with your proposed solution and the other alternatives. State similarities and differences, benefits and detriments, risk, or potential costs associated with each option.

• Consider a PESTLE (political, economic, social, technological, legal, and environmental) or STEEPLE (sociological, technological, environmental, economic, political, legal, ethical) factors analysis to help you identify opportunities and risks. Suggest ways to mitigate risks for each of these options.

Recommendation and justification

• State the preferred option and summarize its risks and costs (this may be fiscal or other costs, such as continuity, talent pipeline, knowledge transfer, etc.), as well as the justifying factors for this recommendation. Additional considerations

• List what is essential to the success of the project (e.g., organisational changes to management, changes to existing partnership arrangements, training). Action plan/Next steps

• Propose specific actions or next steps. State suggested short-term and long-term actions or considerations, including major milestones. Here, you should also include proposed metrics to measure success.

Reference no: EM132628268

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