Journal Entry #2 – Cultural Patterns

Journal Entry #2:  Please answer the following in this week’s journal entry.  You must have at least 350 words written in this journal entry.Total Points Possible:  50In Module 2, Unit 2, we learned about different and major cultural patterns (Hofstede, Kluckhohn & Strodtbeck, Edward T. Hall) that help to frame the way cultural groups view the world and act and behave.  Please identify and discuss which cultural patterns you see as being a part of your life, background, and experiences.  Do one or two stand out in terms of where and how you grew up (nationally, regionally, ethnically and culturally).  Explain.  Refer to any cultural pattern or related concept from the course readings and documents for this unit (website link in the Module 2 Section, Powerpoint slides, and Note for/Individualism/Collectivism inventory).  (This journal entry will help you do some work for our course paper, the Cultural Profile Project.)website:https://www.hofstede-insights.com/country-comparison/

 

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Please see attachements. Min 250 WOrds. Need by 1030 pm est tonight.

 

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6-3 assignment: 24-month pro forma

Overview

Creativity and diversity can lead to outcomes that both maximize profit and enhance social well-being. Business leaders use measurable factors to help determine design and development decisions, “go” or “no-go” milestones, financial models, and many “what if” scenarios. In this process, the new product or service is considered as part of a system.

Scenario

You rocked your BMC and received a great response from the experienced project manager (PM). As you read the feedback, you realize that it’s now time to develop the financial component. In the comments, the PM also stated that no matter how good an idea is, to senior management, it’s a “no-go” if the new product or service does not produce sales.

In preparation for your funding pitch, which you will submit as your course project in Module Seven, the PM also warns that funding pitches are quick and decisive. Including too much information could overwhelm senior management, cause more questions, and erode the purpose of the funding pitch.

Prompt

The PM’s directive at this point is for you to develop a 24-month pro forma that demonstrates the potential profitability of the new product or service in an income statement. You will use the Module Six Assignment Template linked in the Guidelines for Submission section to complete this assignment.

You may use the current company’s income statement to project what can be added to the company’s profitability. This can be found in the company’s 10-K. Look to other companies in the marketplace with products or services similar to the one you are proposing as a basis for your projections. Additionally, you may use the company’s current year numbers and key assumptions based on your analysis of the market to project into the future. Remember, these numbers are purely speculative.

In the template, you will specifically address the following:

  • Previous fiscal year: Identify historical information for the previous fiscal year.
  • 24-month projections: Speculate projections for 24 months.
  • Explanation of assumptions: Explain how you were able to speculate appropriate assumptions.

Guidelines for Submission

Submit the completed Module Six Assignment Template as a Word document. Sources should be cited according to APA style.

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Please create an outline of the work you’ve done so far.

 

Your first task is to post your own Key Assignment Outline to the discussion area so that other students are able to review your plan. Attach your document to the main discussion post, and include any notes you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment Draft you will complete next week.

 

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