Develop a balanced scorecard for the organisation

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Reference no: EM132093155

This assessment corresponds to the following Learning Outcomes:

Business Operations

LO1 - Demonstrate an understanding of the principles of business as it pertains to: Operations and Accounting. LO2 - Apply the principles of operations and accounting to business practice.

LO4 - Use operational and accounting information to make decisions supporting business efficiency and effectiveness. LO6 - Contribute in operational contexts to innovation within a business entity.

Managing Operations

LO1 - Define the nature of business entities, compare and evaluate a range of structures and describe how these impact on business performance.

LO2 - Understand and apply the principles of operations and accounting within a business entity.

LO3 - Understand the planning and control processes as related to operations management and accounting and apply through examples.

INSTRUCTIONS

Case Study Organisation to be researched: The Warehouse Group with a specific focus on one of its specific brands/divisions

1. Using the MIT Library and publicly available resources, thoroughly research The Warehouse Group with a specific focus on one of its specific brands/divisions as listed hereunder:

- THE WAREHOUSE
- WAREHOUSE STATIONERY
- NOEL LEEMING
- TORPEDO7
- THE WAREHOUSE GROUP FINANCIAL SERVICES

2. Please note that you are not permitted to interview staff from either The Warehouse Group or one of the brands/divisions. You may commence your research here

3. Introduce the general and specific organisation. What is their background? What is their purpose?

4. Describe their organisational structure (e.g. functional, divisional, hybrid), highlighting how ‘form follows function'. What type of organisation is it? How do the management roles look like?

5. Describe their business model. Who are their customers (segments)? What do they offer their customers? What value do they create for their customers? How do they create, produce and distribute their products and services? What's in it for them? Are they generating revenue for their firm? You may also use the following tool to analyse the products and services provided by your chosen case/brand/division (discuss in report and provide diagrammatic representations in the appendices): Boston Consulting Group Matrix (BCG Matrix)

6. Describe the system of the organisation: inputs, transformation processes, outputs, feedback (& control).

7. Discuss the overall current financial situation of the Group as a whole as well as the specific case/brand/division chosen by the team. Provide a brief historical context showing how the organisation has changed (financially/value) since it was created as well as an overview of the current assets, liabilities and the equity of the organisation (place detail in appendices and briefly discuss in report).

8. Based on their strategic goals, organisational structure and other operational and accounting information, how do you think they can improve the efficiency and effectiveness of the business?

9. Using Lean Principles, analyse what the organisation could potentially do to improve performance and become leaner. Briefly indicate the appropriateness of Lean Principles for an organisation such as The Warehouse Group and its brands/divisions. Also, provide some examples of potential waste the organisation may experience given its operations.

10. Develop a Balanced Scorecard for the organisation.

11. How does The Warehouse Group and your chosen case/brand/division try to innovate as part of their business model? What opportunities and challenges do they try to pursue/overcome?

12. Based on your research, develop two SMART goals for The Warehouse Group and the chosen case/brand/division to pursue over the next six months.

13. Write a summary and conclusions section based on your findings to round off the report.

Verified Expert

A supermarket is a self-service shop offering a wide variety of food and household products, organized into aisles. It is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket or big-box market. Supermarket sizes range from mega-stores and chain grocery stores to small business community grocers operating individual stores. To properly run a supermarket, the manager or owner-operator must understand, monitor, and manage all core supermarket business operations. This report discusses about the Warehouse Group of New Zealand. This report is written in Microsoft Word Document File.

Reference no: EM132093155

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Reviews

len2093155

8/22/2018 10:04:12 PM

Analysis and application of Lean Principles to improve organisational performance and reduce waste 10 Balanced Scorecard for the organisation 10 Innovation at The Warehouse Group and opportunities/challenges facing organisation 10 Two SMART goals for The Warehouse Group to pursue over the next six months 10 Summary and conclusions 5 Professional presentation of work (incl. Executive Summary) 5 Total 100 X 0.4 = /40

len2093155

8/22/2018 10:04:05 PM

Assessment 2 (100 marks – weighting 40%) Marks available Introduction of organisation including background and purpose 5 Description of organisational structure (e.g. functional, divisional, hybrid) and management roles 5 Description of business model 10 Description of organisational system (inputs, transformation process, outputs and feedback) 10 Discussion of current financial situation and historical context including overview of current assets, liabilities and equity of the organisation 10 Recommendations for improving the efficiency and effectiveness of the business based on their strategic goals, organisational structure and operational and accounting information 10

len2093155

8/22/2018 10:03:58 PM

Title page Executive Summary (not part of word count) Table of Contents (indicating numbered headings, sub-headings and page numbering) 1. Introduction 2. Organisational structure and managerial roles 3. Business model 4. Organisational system 5. Finances of The Warehouse Group 6. improving efficiency and effectiveness 7. Lean Principles, organisational performance and waste reduction 8. Balanced Scorecard 9. Innovation and opportunities/challenges facing organisation 10.SMART goals for The Warehouse Group 11.Summary and Conclusions Reference List (APA format) (not part of word count) Appendices (not part of word count)

len2093155

8/22/2018 10:03:40 PM

Assignment presentation, format and length. It is expected that your assignment adhere to professional standards of presentation and be free of errors in grammar and spelling. A report format is expected using informative headings and sub-headings to structure the layout of information. The report should have a length of approximately 3000 words (± 20%).The 3000 word limit does not include your Reference List, Appendices and ‘Executive Summary’.

len2093155

8/22/2018 10:03:21 PM

The marking criteria at the end of this assignment brief should be used as a ‘checklist’ before you submit your work for grading. It will help you determine if you have answered all aspects of the assignment brief as well as highlight any potential gaps in your work. iv. Team Meeting Minutes may also be included as an appendix to your Report (not included in word count of the assignment).

len2093155

8/22/2018 10:03:10 PM

Read the assignment instructions and divide the workload amongst your team, think about the most effective way to do this (based on the skills of the team members or based on content?) At the end of each lecture, provide feedback and evaluation to your peers in regards to their performance in the team. (If a team member [student] has not participated in the development and/or writing of the assessment they may be allocated a mark of zero for the assessment.) i. Include a cover sheet with the course code, your team name, student ID numbers and names of all team members clearly indicated (as part of the report – on title page). ii. Late submissions (without extension) will be accepted up to one week after the deadline, but a penalty of 20% of the mark gained will be applied. Re-submissions of failed assignments are not possible. Please contact your lecturer via email before the submission deadline if you require an extension

len2093155

8/22/2018 10:02:51 PM

Form groups of 3-4 students. Names of team members must be provided to your lecturer or you will be randomly allocated. If you find you are not part of a team it is your responsibility to discuss this with your lecturer. You will be given time in class to assist you and your team with the completion of the assignment.

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