Bss063-6 Management Practice Assessment Answer

Question:

1.Demonstrate a systematic understanding and critical appreciation of theories in the MBA toolkit to challenge existing preconceptions and develop positive and enquiring approaches to management and enterprise

2.Demonstrate intelligent practice by imaginatively and critically integrating theory and practice, stipulating areas of excellence and reflecting on areas for development to improve performance in a dynamic competitive environment

 What am I required to do in this assignment?

Produce a professional report of 3,000 words on the performance of your company in the simulation, showing how theory which you have learnt on the MBA course was demonstrated both in your management of your business and in the way the other companies in your industry competed.  Some specific questions regarding your vision, mission, objectives, strategic planning, decision making and key take-aways, will be provided for you to address and you will also have the opportunity to highlight other areas of your own choice. Your report must be fully supported by directly relevant quality academic sources in demonstrating the integration between the theoretical academic frameworks and your strategy, planning, decision making and overall performance of your organisation during the simulation.  A key aspect of the assignment is that you evidence a clear link between the strategy you adopt during the simulation and the various academic frameworks you have been studying throughout your MBA units to this point in time.

What do I need to do to pass? (Threshold Expectations from UIF) There are three things you must do to pass:

1.Show adequate independence of thought in evaluating the usefulness of theory in practice applied to a live consultancy project or a simulated task of running a business, monitoring performance and adjusting decisions in the light of the success or failure in a competitive environment

2.Demonstrate adequate appraisal of the complexity of management in the implementation of strategic decisions

3.Research, select and use creatively appropriate business and management theory to manage and complete a project in the context of a new situation

These three expectations are reflected in the marking criteria grid below (see the Marks and Feedback section). All three expectations are embedded in and linked to the various areas of marking but especially the application of theory and analysis sections. The selection of relevant key academic material (theories and frameworks) from the MBA Toolkit to the task set by the simulation is essential.

How do I produce high quality work that merits a good grade?

We will be filling this section in together in class on Click or tap to enter a date. make sure you have downloaded/printed out the Assignment Brief and bring it to the session with you.

Produce a professional and compelling report that draws on the theories and frameworks from the MBA toolkit to evaluate the performance of your organisation during the business simulation.  Assignments attracting the highest marks will be focused, analytical, will include critical analysis that explores in depth the implications of the issues under discussion and this will be supported and evidenced thoroughly by using robust and valid academic material and frameworks from the MBA Toolkit. You must provide a clear introduction that provides a structure for your report and will highlight the main topics and areas for discussion; a main body that includes a critique and analysis of your decision making and strategy during the simulation in relation to your organisation’s performance; conclusions that are clearly derived from this analysis and recommendations that are clear and realistic to the demands of the task and nature of the business.

Presented as a professional report, make sure your submission is discursive, and analytical throughout, use appropriate frameworks to focus the narrative and draw on a good range of quality academic sources – especially up to date academic journals - not spurious web-based sources. You should reference properly throughout your work using the Harvard Referencing style only.

How does this assignment relate to what we are doing in scheduled sessions?

The scheduled sessions begin with an introduction to the business simulation and the role you will play in it, it will also help to get you familiar with the layout and how it operates. Over a two-week period, you and your group will work through the business simulation creating, using and implanting various strategies you have been taught during the MBA course. During the scheduled sessions you will work with your tutor to discuss strategies, theories and academic frameworks that you may use to create a positive outcome for your business. The scheduled sessions will also address the requirements of the assignment.

You will need to outline the mission and vision of your business when you first began the simulation. You need to be clear regarding the strategies and theories (frameworks) you utilised during the simulation and link these to the outcomes and results and finally you need to make some clear recommendations regarding the business for its future success.

You will attract marks for good, critical analysis that links theory to practice, this is a key aspect of your assignment. During your MBA course you will have studied various units on Strategy, Finance, Marketing, Operations, etc. This unit and its assessment requires you to now utilise the various frameworks, models and theories you have studied in previous units and apply them to a real life business i.e. the simulation. These should link to the strategy you are proposing to use in order to achieve your mission, vision and ultimately your performance objectives. The scheduled sessions will allow you to discuss the many possible ways this can be done and help you with your final decision making. The success of your business will be reflected in the performance of your organisation during the simulation, this is determined by your decision making and strategic choices in relation to aspects of Marketing, Financial Control, Planning and Human Resources in line with Operations. The simulation will react to the decisions you make and will set challenges every organisation faces in the delivery of its mission. Use the limited scheduled sessions wisely to discuss and debate options and possibilities with your team and your tutor.

Organise your work and communicate professionally. Please ensure your submission is all your own work. Do not rely on internet searches.  Do not use ‘essay’ sites

How will my assignment be marked?

Your assignment will be marked according to the threshold expectations and the criteria on the following page.

You can use them to evaluate your own work and consider your grade before you submit.