INSTRUCTIONS
Submit a draft of the costs of production (Section IV), overall market (Section V), and recommendation (Section VI) of your research paper, including all critical elements as listed in the Final Project Document.

Prompt: Submit a draft of the Costs of Production (Section IV), Overall Market (Section V), and Recommendation (Section VI) of your research paper, including all critical elements listed below. You will review your firm’s financial reports and other relevant data sources to collect and analyze cost information for your firm over the past five or so years. Using real data and the economic tools developed in Module Four, you will analyze your firm’s profitability and how costs impact its growth. Additionally, you will find data on your firm’s competitors in order to detail your firm’s place within the market currently and over the past five or so years. Lastly, you will develop a recommendation for how the firm can manage its future production.

Specifically the following critical elements must be addressed:

IV. Examine the costs of production for your firm.

a) Analyze the various costs a firm faces, their trends over time, and how they have impacted your firm’s profitability.
b) Apply the concepts of variable and fixed costs to your firm for informing its output decisions. For instance, analyze how different kinds of costs(labor, research and development, raw materials) affect the firm’s level of output.
Explore
a) Discuss the market share of the firm and its top competitors by providing details on current percentages for each firm and describing the trendover time. You might consider presenting the data graphically.
b) Analyze the barriers to entry in this market to illustrate the potential for new competition and its impact on your firm’s future in the market.
c) Describe the market structure for this firm and analyze how this affects the firm’s ability to influence the market.
Recommendation
a) Develop a recommendation for how the firm can manage its future production by synthesizing the data presented.
b) Suggest how the firm’s position within the market and among its competitors will allow it to take your recommended action.
c) Describe how the firm can sustain its success going forward by evaluating the findings from demand trends and price elasticity.

Sample Solution

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Developing employees through the implementation of training and development opportunities is a primary function of human resource management (HRM). Performance measurement and appraisals are one way to determine what type of additional training is needed to ensure employee success.

Imagine that you have been hired as the human resource manager at an organization where you have previously worked or are currently working. Your first task is to assess areas for improving training and development and the performance appraisal system within the organization. Write an essay on your analysis of these two areas. Address the questions below in your assignment. Use headers to organize your paper and show what you are covering in your assignment.

Training and Development Analysis
What are the steps of the new hire training process? Are there any steps missing that you would add?
As the human resource manager, how would you evaluate the training needs of your staff?
How can you ensure that the training you would provide is effective? What data might be used to make your conclusion?
What considerations would you make for employee learning styles?
How would future training and development be impacted through human resource planning?
Do you have a plan to shape employee behavior within your organization? Why, or why not?
Performance Appraisal Analysis
As the human resource manager, what are two best practices you would follow when planning for employee performance appraisals?
What performance methods would you choose over other methods?
What are two of the common problems with appraisals? How would you avoid them in your organization?
What components do you think are required for effective human resource planning?

Sample Solution

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