Business and Management Question – Business case project
A Business Case Definition: Documentation detailing the requirements to move an idea from conceptualization to project initiation.
For this assignment, I want you to compare and contrast a Business Case and a Business Plan. Include definitions and applications. Also please explore business case templates. The above definition of a business case is mine, if you would like to offer a different definition as part of your assignment, please do so, but of course you will defend it therein. There are examples of Business Case Templates located in the readings for this course. There are also some links provided. Please review other web sites of relevance and indicate those you use.
I want you to submit to me in three weeks maximum a paper on the above and stating why the details in the business case template are there and how this represents the corpus of data that would be submitted to obtain funding and project approval to get a project started. Select a business case template that you like. Tell me why you selected that business case template and how it is associated with the (technological and/or business drivers) problem that you selected for your Business Case Research paper.
I want you to reference at least three different business case templates and select the one you believe to be the best. Include the one or URL for it, with your paper. You should reference the others that you evaluated to come to your conclusion.
Select at least one problem area and research different systems solutions (3 options) or technologies currently available or under development that may help solve the problem
Summary:
Select an industry of interest such as automobile, hospital and banking. Identify and describe some of the problems affecting the industry where “business systems application” may be used. An example is that you can write your research paper on a phone application. Identify the reasons (technological and / or business drivers) behind the problems.
Evaluate the options in relationship to the problem and identify which option you determine would be the best fit. (A-2, C-2)
Select at least one problem area and research different systems solutions (3 options) or technologies currently available or under development that may help solve the problem.
Select a business case template that you like. Briefly tell me why you selected that business case template and how it is associated with the (technological and/or business drivers) problem that you selected for your Business Case Research paper.
The paper Business Case and Business Plan details must be no more than 2 pages. The remainder of your paper must be details on one problem area, research and resolution. The paper should be from 4 to 6 pages in length.
Please make sure that you use the correct APA format. Please reference the rubric in the rubrics/criteria section for grading expectations.
Select at least one problem area and research different systems solutions (3 options) or technologies currently available or under development that may help solve the problem.
Select a business case template that you like. Briefly tell me why you selected that business case template and how it is associated with the (technological and/or business drivers) problem that you selected for your Business Case Research paper.
The paper Business Case and Business Plan details must be no more than 2 pages. The remainder of your paper must be details on one problem area, research and resolution. The paper should be from 4 to 6 pages in length.
Please make sure that you use the correct APA format. Please reference the rubric in the rubrics/criteria section for grading expectations.
Note: I give you one example. I want same look like and you can choose same topic.
Business and Management Question – presentation for the senior management team based on the business problem or opportunity
Prepare an 11- to 15-slide Microsoft® PowerPoint® presentation for the senior management team based on the business problem or opportunity you described in Weeks 3 and 4.( Week 3 & 4 information is provided below.)
Include on the slides what you would want the audience to see (include appropriate visual aids/layout). In the Speaker Notes section, include what you would say as you present each slide. If any source material is quoted or paraphrased in the presentation, use APA citations and references.
Draw on material you developed in the Week 3 and 4 assignments.
Include the following in your presentation:
Introduction slide
Agenda slide
Describe the organization, with a brief description
Explain the business problem or opportunity
Analyze why the business problem is important
Identify what variable would be best to measure for this problem and explain why
Apply data analysis techniques to this problem (tell which techniques should be used: descriptive stats, inferential stats, probability) and explain why
Apply a possible solution to the problem/opportunity, with rationale
Evaluate how data could be used to measure the implementation of such a solution
Conclusion
References slide (if any source material is quoted or paraphrased throughout the presentation)
Format your assignment consistent with APA guidelines.
Agenda slide
Describe the organization, with a brief description
Explain the business problem or opportunity
Analyze why the business problem is important
Identify what variable would be best to measure for this problem and explain why
Apply data analysis techniques to this problem (tell which techniques should be used: descriptive stats, inferential stats, probability) and explain why
Apply a possible solution to the problem/opportunity, with rationale
Evaluate how data could be used to measure the implementation of such a solution
Conclusion
References slide (if any source material is quoted or paraphrased throughout the presentation)
Format your assignment consistent with APA guidelines.
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Week 3: Challenges and Opportunities at Komar’s: Part 1:
Company Description:
I work at Komar’s, a warehouse that supplies and sell stock to renowned companies such as Wall Mart, Kohl’s, TJ Max, and JC Penney’s, as well as stores from across the globe. Our company receives a large number of customers during the festive season, so obviously the volume of sales during this festive season is expected to increase dramatically. Therefore, our firm must prepare well by increasing the volume of stock to cater for the expected increase in demand during the Christmas through to New Year festivities.
Business Problem:
Our company can only increase the volume of stock by using an effective system that will not result in increased losses. Therefore, we must rely on the data of the stock sold during the festive seasons in the past years. The sales statistics derived from the other years will help to project the sales for this year. The main problem of the business is to collect accurate sales data for the past years and to analyze that data accurately. The company will also need to know the taste and preference choices of the consumers during this season.
Research variables:
The data collected will mainly be qualitative and quantitative data. The main quantitative research variables identified from the business problem includes the volume of every commodity sold during the festive season and their respective costs. The common commodities sold during the festive seasons will be a subject of study. The main reason to identify the common commodities sold during the festive season is that our clients consume festive related commodities during these periods. The qualitative variables will include the taste and preference of our esteemed customers during the festive season.
Methods of data Collection:
The methods used to collect data will mainly focus on collecting the qualitative as well as the quantitative data from previous sales years. Since the company keeps the records of its stock and sales, one primary method of collecting the sales information will be a review of the business records. Therefore, the primary method of collecting data will be a review of reported sales.
This method will involve a review of transaction records such as shipping and receiving invoices, sales slips and sales tallies (Black, 2009). The method of reviewing these documents should have a very high degree of accuracy. Accuracy is an important factor since the process will involve reviewing of large volumes of paper, which may be prone to human errors.
The main identifiers in this process will be the name of the commodity, the date of the transaction and the price of the commodity. During data collection, comparison with the data recorded in the annual reports will make the process of error identification easier.
To collect the information about the preference and taste of the consumer, methods such as questionnaires and interviews will be applicable (Black, 2009). Requesting the frequent customers to give their feedback on their experience in the stores as well as possibly having them fill out a questionnaire form which can help to determine what types of merchandise they prefer to purchase during the festive seasons. It would also be possible to reach frequent customers through the telephone, or internet blog site for the purpose of retrieving statistical information about their preferred choices.
Our company has an online sales platform where customers place their orders online. The platform allows them to place their orders in advance. This platform would be another valid source of information concerning the taste and preference of the consumers. It would be easier to have customers review the services they receive from our company as well as get their views on the commodities they would expect to find in our stores. From the same platform, it would be easy to collect the information concerning the most common commodity, and quantity ordered by the consumers.
Validation of the Data Collected:
The data collected should have a high level of precision since it will be mainly used to focus the market trends. To ensure the data on sales made and the prices of the commodities sold during the festive seasons in other years, comparison of different documents will be very important. For example, it would be a better to compare the goods sold to the consumers and the goods supplied to our stores during a certain period. This method will help to determine if the sales are collect (Australian Bureau of Statistics, 2015). For example, the volume of the commodities sold must always tally with the volume of commodities received from the suppliers.
Comparison of different documents will also serve to minimize the number of errors during the data collection process. For example, comparing the information recorded in the invoices and receipts would help to identify a mistake in the case of any.
Ensuring that the employees who will conduct the interview receive a high level of training before the exercise will help to minimize errors (Buttle & Maklan, 2015). They should receive adequate training on communication skills, data collection, and data recording techniques.
Knowing that the Data is valid:
The methods described above will only help to minimize the chances of making errors during the data collection process. However, a close supervision and scrutiny of the whole process are imperative. Before analyzing the data, the company should ensure that all the data from the sales record tally is correct. The company can use different people to collect the data and then compare the results to determine its consistency. Since all transactions in the company get recorded on the computers, it will be easier to compare the data collected with the one stored in electronic form. Therefore, consistency of the data will be the only way to determine that the data collected is valid and correct. After ensuring the validity and consistency of the data, the other task will involve identification of valid methods to analyze that data. Such methods may include the use of well-known statistical software such as SPSS. Such software has numerous and valid tools to manipulate and analyze the data correctly (Anil & Ismail,