Reference no: EM131491148

Project Assignment

Your final project will have three parts. This project must be typed.

Part I

You will conduct an investigation of the functional areas of a business. You will use the company, Spin Master, to examine how these areas operate to make a business successful. Use this outline to prepare your final project report. After each section, there is a blank page for your answers. Make sure your final projects papers are in correct order and stapled together with name and section number.

Use the Spin Maste website, as well as other resources including articles and social media to help you with this project.

Part II

You will write a Closing Letter to me. Specifics on what should be in this letter are in the Table of Contents.

Part III

Write a Corporate Social Responsibility(CSR) policy and post it to your Wix business website. Review your website for grammar, design and required elements. Publish your website and give me the final web address.

Complete and print your typed Final Project. Staple all pages together in the same order as the Table of Contents. Make sure your name and section number are on the top page. The printed copy isdue by May 10 (M/W/F) or May 11(T/Th), 2017, by 12:00 noon. No late final projects will be accepted.

Table of Contents

A. Management

B. Management Answers

C. Operations

D. Operations Answers

E. Marketing

F. Marketing Answers.

G. Accounting and Finance

H. Accounting and Finance Answers

I. Preparing for Your Career

J. Closing Letter Instructions

K. Closing Letter.

L. Your published Wix.com business website address

Management

In 2015, Spin Master changed their legal form of ownership. Answer the following questions:

1. What was their previous legal form of ownership and what is their current legal form of ownership?

2. Name one advantage and one disadvantage of their previous legal form of ownership.

3. Name one advantage and one disadvantage of their current legal form of ownership?

4. In their Letter to Shareholders what does the management team say were the advantages of changing their legal form of ownership status?

5. In their Letter to Shareholders what does the Spin Master management team say they plan to do to grow the business and increase profits for the company (hint: review the responsibilities under the functional area, Management).

Management Answers

Operations

In their Letter to Shareholders, Spin Master Corporation states that they intend to make some changes to their operations to reach their business goals.

1. What are these changes?

2. What was Spin Master's first overseas location and what aspect of operations did this partnership help them grow?

Operations Answers

Marketing

In their Letter to Shareholders, Spin Master Corporation's management states that they will be using certain strategies to grow their business in both the short- and long-term.

1. Name the strategiesdiscussed in the Letter to Shareholders that will be the responsibility of Spin Master's marketing deparent?

2. Bunchems Alive, one of Spin Master's brands received a "Fun Stuff" award from Parents' Choice Awards for Fall 2016. But all press regarding this toy was not positive.

a. What problems were reported regarding the Bunchems?

b. How did the company respond to complaints about this toy?

Note: Make sure you give the sources for your answers to questions a & b.

3. Hatchimals, Spin Master's interactive stuffed animals that was one of the hottest toys for the 2016 holiday season received a lot of mention in the press, online, in print, on the radio and in social media.

a. What was the original price point for Hatchimals?

b. What is the lowest price you found for a Hatchimals? Where?

c. What is the highest price you found for a Hatchimals? Where?

4. Spin Master has made several changes to their Hatchimals toy.

a. What changes has the company made to this toy?

b. Why were these changes made?

c. What customer need(s) inspired the changes?

Marketing Answers

Accounting and Finance

A company's accounting and financial activities are collected, analyzed and reported so that stakeholders can make better business decisions about the company's financial health, prospects for growth and operations. Information on a company's financial activities can be found in many locations - the company's website as well as on other financial organizations' websites.

1. What are the sources of revenue for Spin Master Corporation?

2. Are you able to locate Spin Master Corporation's financial reports?

3. What reports did you find and where did you find these reports?

4. Based on the latest reports how is this company doing financially?

5. What standards does Spin Master Corporation say they use to prepare their financial statements?

6. What is the current price of a share of Spin Master Corporation stock in U.S. dollars?

7. What is the 52 week low price?

8. What is the 52 week high price?

Accounting and Finance Answers

Preparing for Your Career

None of what you have learned in BADM 101 would be valuable if you could not apply it to your future studies in the Jesse H. Jones School of Business at TSU and to your future careeraspirations. Look at the Careers section on the Spin Master Corporation's website.

1. What is your current major?

2. Is there a job listed on the website you might be interested in having?

3. What is the job and what requirements would you need to fulfill to qualify for the job?

4. Why is this job of interest to you?

NOTE: You may answer the four questions above on this page.

Closing Letter to Dr. Owens

In this last section of the BADM 101 SPR 201& - Final Project I want you to reflect on how you have changed from the beginning of the semester to now. Read the original Opening Letter that you wrote to me at the beginning of the semester. Tell me, in specific detail, what you have learned about yourself, what you have learned about your values and goals, and what strategies you have learned and plan to use to help you reach your true potential in your personal, academic and professional life. Use the topics and language you learned in the course (for example - Mastery Approach, ProACT, intellectual potential, Positive Self-talk, Johari Window, functional areas of business, etc.) in your letter.

You will receive extra credit for including the original Opening Letter you wrote to me (must have my peace sign stamp on it). Put it behind your Closing Letter in the project folder you submit.

NOTE: Write your Closing Letter on the next blank page.