Assessment 1 â?? Written AssessmentCase StudyNo handwritten answers will be accepted.Case study: â??

Assessment 1 – Written AssessmentCase StudyNo handwritten answers will be accepted.Case study: “true home dreamsâ€The ‘True Home Dreams’ Group of companies are leaders in the production of homebuilding products and paints and plastering services. The company was recently sued by aformer employee. The claim related to the continuous contact with hazardous and toxicchemicals, which had given the employee a long term sickness. The victimised employeehas taken a strong case against the company which leads to a lot of negative publicity forthe organisation.Various stakeholders are now pressuring the company to set up a long-termcompensation fund for other victims of these toxic chemicals. In response to the strongresponse of stakeholders, the top management of the ‘True Dream World’ has finalised torule out a strategy/system for managing these kinds of situations and a procedure tocompensate the victims.You have been appointed as an external specialist and delegated the responsibility ofmanaging knowledge and information in relation to:Obtaining and analysing information and knowledge on identified business issues;Take a decision about the amount of funds required to establish a long-term fund;Disseminate information in the organisationAssessment 1: Task 1: (35 marks).Obtain and analyse information & knowledge relevant to business issues1. Prepare a report and describe the identified business issue, and explain how you will reviewstaff and customer feedback and various performance control systems, in analysing theidentified issue.2. Explain what type of information would be required to reach the decision of compensation andmention few sources to gather reliable information.3. Describe how you will test the gather information on the basis of reliability and validity andreject it where appropriate.4. Check through various formal and informal networks about any work practices/corporateknowledge that has not formalised in the company’s procedures and review appropriately.Assessment 1: Task 2: (35 marks)In the above report also include:1. What trends and patterns to be identified in the company to define the cause and effectrelated to business issue?2. Name few statistical analysis methods that can be used to analysis the gathered informationdata.3. Explain how you will ensure that the information gathered or evidence and conclusion drawnfrom it is through logical approach and error free system.4. How you will ensure that the management information system/decision support system ismeeting the company’s information processing requirements.Assessment 1: Task 3: (35 marks)Take decisions on business issues identified1. Describe how you will develop a risk management plan to determine the acceptable courses ofaction2. Mention various quantitative methods that you would use to make decision related to victimcompensation3. Describe the consultation from other specialist and relevant groups and individual from theorganisation, ensuring decisions are taken by all delegated authorities and in accordance with‘true home dream’ guidelines and procedures.4. How will you ensure that decision taken on the victim compensation are inconsistent withorganisational values, objectives and standards and is timely taken?>ReferencesGeorge Staubus, “The relevance of evidence of cash flowâ€, in Sterling (see note 16), p. 63.Phillips, D. and Berman, Y. (1995) Human Services in the Age of New Technology:Harmonising Social Work and Computerisation. Aldershot, Avebury.Wurman, R.S. (1991) Information Anxiety. London, Pan.Zuboff, S. (1988) In the Age of the Smart Machine: The future of the work Power. London,Heinemann.Law, A. M. and W.D. Kelton. Simulation Modeling and Analysis. 2nd ed. New York: McGrawHill (1991).Pegden, C.D.,R.E. Shannon, and R.P. Sadowski. Introduction to Simulation Using SIMAN.New York: McGraw-Hill (1995).Heizer , J and Render, B. (2005) Operations Management, 7th edition. Sydney.Godfrey, J, Hodgson, A, Holmes, S and Tarca, Accounting Theory, 6 th Edition. Sydney.Mutch, A (2008), Managing Information and Knowledge in Organisation. New York.Greenberg, H. J. “How to Analyse the Results of Linear Programs-part 1: Preliminaries.â€Interfaces 23, no. 4 (July-August 1993): 56-68.Cole, K (2005), Management Theory and Practice, 3rd Edition,

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Assessment 1 â?? Written AssessmentCase StudyNo handwritten answers will be accepted.Case study: â?? was first posted on July 19, 2020 at 7:29 am.
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