MGT610 Organisational Best Practice Assignment

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Reference no: EM133180608 , Length: word count:2500

MGT610 Organisational Best Practice - Torrens University Australia

Case Study Analysis

Learning Outcome 1: Critically analyse the role that best practices play in organisational competitiveness

Learning Outcome 2: Evaluate organisational performance against best practice benchmarks and apply these benchmarks to establish organisational improvements

Context

In Assessment 1 you reviewed an organisation's current strategy, analysed its performance using 4 benchmarks, reviewed its main competitors, the business environment in which it operates, and identified its main weakness.

The organisation now has an opportunity to address that weakness, and as such, solutions must be developed and assessed with a view of their holistic effects on the business's long- term direction. This "future-proofing" assessment asks you to build on your understanding of benchmarking by developing options related to the opportunity for business improvement identified in Case Study Analysis; Part A. Your analysis should specify a range of benchmarks by which the organisation's executive can track progress and/or measure the impact of changes.

These options are intended to inform decisions made by executive management about the future direction of the organisation. As such, you should write a report for executive management that recommends a particular course of action and the benchmarks by which its progress and success can be measured.

Instructions

1. For the organisation selected in Assessment 1, Case Study Analysis; Part A you now need to present at least three (3) alternative options for the organisation over a period of up to five (5) years in response to changes to the external business environment.

2. From the 3 options, choose the one (1) option you believe will ensure the
business's long-term success, and,

3. Identify and recommend four (4) benchmarks you would use to ensure the organisation is maximising the benefits from the opportunity that this option presents.

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

• Cover page
• Executive Summary
• Introduction
o Outline the weakness identify in Assessment 1 and the associated opportunity identified.
o As part of this provide a current SWOT analysis, and an update on their most pressing PESTEL element. DO NOT DO A FULL PESTEL ANALYSIS.
• Main Discussion
o Discuss and critically analyse the 3 options selected for the opportunity
o From the 3 options, discuss and justify the preferred 1 option that will ensure the organisation's long-term success.
o For your preferred option, discuss and justify the 4 leading indicator benchmarks that will be used to assess the organisation's progress towards the preferred option. This needs to include targets for each benchmark for a period of up to 3 years.
• Conclusion
• References, including a minimum of five (5) academic references

Referencing
You must recognise all sources of information; including images that you include in your work. Reference your work according to the APA 7th edition guidelines.

Attachment:- Organisational Best Practice.rar

Reference no: EM133180608

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