MGT4102 BUSINESS FUNDAMENTAL

GROUP PROJECT

This is a group project that allows students to apply the skills and knowledge that they gained

throughout the course. Students will be working in groups (5 students per group) to complete all the

tasks required and specified for this project. Towards the en d of the semester, students might present

their project to their classmates (date TBD). Each student needs to submit a peer evaluation form that

reflects the contribution of all the group members, including his / her own, to the project.

In this project, students are asked to simulate a situation in which a group of individuals are interested

in starting a business, and present a subset of all the considerations / aspects that they need to address

in order to achieve their goal. As such, each group shoul d decide on a specific business and demonstrate

how the topics that were discussed in class apply to that specific business , in line with what was

discussed in class. For example, based on the discussions of chapter 6, the group should specify whether

the business in which they are engaging is a sole proprietorship, partnership, corporation, or a

cooperative. More importantly, the group should justify and support their choices and decisions.

The final outcome of this project should be a word document (appro ximately 15 pages long) and a PPT

presentation (approximately 20 slides). A “checklist” is presented below to help students address the

various concepts that were discussed in class so far. The list is not comprehensive and should only be

considered as a guide.

Areas that you can address in your report:

 Describe the business

 Describe the type of ownership and the reasons for choosing it

 List your stakeholders

 What sources of financing will you go after and why?

 What government services you think might be helpful in starting your business?

 Describe the general business environment (e.g., Economic and competitive environment, fiscal

and monetary policies, etc.)

 What are your vision and mission statements?

 What set of values would you have in place that best describe the organizational culture?

 How would you structure the organization (i.e., organization chart) ?

 What are your goals and objectives that will help you realize your vision ?

 What performance measures would you put in place?

 Perform a SWOT analysis (this may incorporate a number of the bullets stated above)?

 What leadership style would you use to lead and run the business?

 Do you have a code of ethics?

 Will you engage in corporate social responsibility?

 Do you need to plan your facility layout?

 Will you need to implement a quality management system?

 Construct a project plan to illustrate how your project will be implemented.

 What is your HR plan? Here you can address different aspects of HR; such as, recruitment,

retention, compensation, scheduling, training and development, etc.

 What marketing strategy will you have in place to promote your business?

 Can you address the 4Ps in the marketing mix?

Evaluation of each project will be performed as follows:

 70% of the grade will based on the application of the concepts that were discussed in class

 30% of the grade will be based on the writing/presentation style

The detailed breakdown of the above percentages will be as follows :

Evaluation Criteria Weight

Description of Business 10

Stakeholders 5

Type of Ownership 5

Sources of Financing 5

Government Sources 5

Environmental Scanning 5

SWOT Analysis 10

Vision & Mission Statements 5

Goals & Objectives 5

Performance Measures 5

Code of Ethics 5

Corporate Social Responsibility 5

Organization Chart 5

Leadership Style 5

HR Plan 5

Quality System 5

Marketing Strategy 5

Project Plan 5

SCORE 100

Overall Line of Reasoning 50

Clear &Concise 20

Smooth Transition Between Passages 20

Proper References 10

SCORE 100

Overall

Weight

70%

30%

Kaplan University School of Business

MT 400 Unit 6 Assignment

Unit 6 Assignment Rubric Unit 6 Assignment: Innovation, RASCI Models and Performance Management In this Assignment, you are going to evaluate a specific business process based on criteria detailed below. If you have already selected a business process, continue using that and skip to the next paragraph. If you have not yet selected the business process you will use for these Assignments, then begin by selecting one. Email your instructor and clearly describe the objective of this process, the participants, and the strategic significance for the company. The business process you select must have a clear beginning and an end, with identifiable, specific steps. Your instructor will confirm that the process you selected is suitable or will ask you to select another one. For this Assignment, write a paper that answers the following questions (use the subheadings/numbered questions below to organize your paper): Part 1: Innovation Activities

There are many different activities for creating solutions identified in the Understand phase. The effectiveness of these activities depends on many factors, including the organizational makeup and the circumstances of the process. Describe an innovation activity to generate improvement ideas that you think will work best for your selected organization. Include the following details:

1. Describe the activity; how is it tied to the activities in your selected process? 2. Describe the objectives of the activity; how will it improve the deficiencies in

your selected process? 3. Who should be participating, and why?

Part 2: RASCI Model

In any process, it is important to have a clear definition of who is responsible for the activity and to whom they are accountable, in addition to identifying those that may be in support positions. Following the RASCI model described on p. 362, create a table similar to 18.2 that defines these roles for your selected process. Begin by describing at least 4 steps in your selected process. Be specific about who does what in each step. Then fill out the table to denote the roles. In addition to including the table, describe each role briefly. Part 3: Performance Management

Kaplan University School of Business

MT 400 Unit 6 Assignment

As you explored in the Discussion Board, the performance measures play a large role in determining the actions of the employees involved in the process. Identify three performance management metrics you will use to promote effective behavior from those involved in your selected process. Clearly explain:

1. How the metric will be assessed,

2. What the expected targets would be, and

3. How the metrics fit the process objectives.

Directions for Submitting Your Assignment Compose your Assignment as a Microsoft Word document and save it as Username-MT400- Assignment-Unit#.docx (Example: TAllen-MT400 Assignment-Unit 6.docx). Submit your file by selecting the Unit 6: Assignment Dropbox by the end of Unit 6.

Grading note: In the grading rubric below, you will see a section on analysis and critical thinking. The points in this section will partly be based on your ability to apply the concepts discussed in your Assignment to the specific circumstances and details of the process/organization you selected. Writing in general terms without applying the concepts and analyzing your specific project may get you points for content section, but you will lose points in the analysis section.

Review the grading rubric below before beginning this Activity. Assignment grading rubric = 120 points

Unit 6 Assignment: RASCI Model and Performance Management

Content, Focus, Use of Text, and Research

Points Possible

Points Earned

Described an appropriate innovate activity to generate solutions

30

Completed a RASCI table properly 30

Developed performance measurement metrics

20

Kaplan University School of Business

MT 400 Unit 6 Assignment

Analysis and Critical Thinking

Responses demonstrated critical thinking and analysis and exhibited application of information.

20

Spelling, Grammar, APA Format

Clear business writing; spelling and grammar acceptable; effective use of APA; followed the required format and instructions

20

Total 120