Mdc Lecture 5 Spring 2005
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Management Decisions and Control 22421/0
Management Decisions and Control Lecture 5 Research and Report Writing
1
Lecture Objectives
Learning Objectives of the Assignment The Brief
3.
Research Literature
4.
Science Literature Practitioner Literature
Using the Databases
5.
Framing the Problem
What is Available How to Search
Writing the Report
Format Essential features of a report Example of a Good Report Marking Template Team Member Participation 2
Management Decisions and Control 22421/0
Learning Objectives 1.
Understand, apply and critique the application of a range of different decision models used to enable managers to solve problems, control and evaluate performance within an organisational context;
3.
Within the social context of an organisation, evaluate the impact of different decisions, control systems and performance evaluation methods;
5.
Critically understand the role of management accounting in modern organisations;
7.
Further develop a capacity for independent research and learning;
9.
Further develop communication and teamwork skills. 3
Management Decisions and Control 22421/0
The Brief Framing the Problem A common problem in the manufacturing industry is the logistics of supply chain management. More specifically, the integration of all individual parts of the supply chain and how it influences a firms pricing strategy. You are asked to prepare a report that identifies the specific problems with supply chain management in the manufacturing industry and to provide a range of possible solutions to the problems. You will need to justify your stance with both academic as well as practitioner based literature references. Management Decisions and Control 22421/0
4
Framing the Problem “A common problem in the manufacturing industry is the logistics of supply chain management. More specifically, the integration of all individual parts of the supply chain and how it influences a firms pricing strategy”
What is ‘supply chain management’? What do we mean by logistics?
What are the constituents of a supply chain? Why are they difficult to integrate?
How does a supply chain influence pricing strategies?
5 Management Decisions and Control 22421/0
Framing the Problem “A common problem in the manufacturing industry is the logistics of supply chain management. More specifically, the integration of all individual parts of the supply chain and how it influences a firms pricing strategy” “identify the specific problems with supply chain management in the manufacturing industry”
Identify problems from the literature (how many problems?) Why do these problems occur? What are the ramifications of these problems for organisations? How and why do they affect pricing strategies?
These must relate to the management of the supply chain, not just the supply chain itself This implies a focus on both technical and behavioural issues 6
Management Decisions and Control 22421/0
Framing the Problem
Common Problems Problem 1 Problem 2 Problem 3 Problem 4
7 Management Decisions and Control 22421/0
Identifying Solutions “provide a range of possible solutions to the problems”
It is not enough to just provide solutions! You need to make a recommendation from your selection of solutions based on criteria that you determine as success factors.
What constitutes a ‘solution’? Success factors – ie ‘increased organisational performance’, ‘lower lead time’ etc These may be general (the same for each problem) or specific
What implications does this ‘solution’ have in terms of the social context of the organisation? Does this solution lead to further problems?
Remember the organisational ‘problem solving map’ from Lecture 1?
You might want to consider that what constitutes a ‘solution’ 8 Management Decisions and Control 22421/0 may depend on the particular context of the organisation
Identifying Solutions
Common Problems Problem 1
Solution 1
Solution 2
Solution 3
Problem 2
Solution 1
Solution 2
Solution 3
Problem 3
Solution 1
Solution 2
Problem 4
Solution 1
Solution 2
Solution 4
Solution 3
9 Management Decisions and Control 22421/0
The Organisation
Policies & Guidelines
Problems & Decisions Solution 1
Assumption 1
Solution 2
Social Context
Assumption 2
Solution 3
Standard Costing
Assumption 3
Cost Behaviour CVP Analysis Budgeting
Information
Relevant Costing Pricing Decisions Control Systems Performance Evaluation
10 Management Decisions and Control 22421/0
Compare and Contrast Solutions
Common Solution 1 Solution 2 Problems Problem 1
High
Medium
Solution 3
Low
Will need to compare on a number of bases:
Feasibility of solution Social impact within organisation What else needs to be considered?
11 Management Decisions and Control 22421/0
Available Literature “justify your stance with both academic as well as practitioner based literature references”
Science Literature (Peer-reviewed journals) UTS Online: UTS Journal Rankings
Practitioner Literature
12 Management Decisions and Control 22421/0
Using Databases UTS Library Website – Journal Databases
Business Source Premier Science Direct Proquest Business Collection
http://www.lib.uts.edu.au
13 Management Decisions and Control 22421/0
Writing a Report Guide to Writing Assignments – page 31 Available online: http://www.business.uts.edu.au/resources/guide.pdf Executive Summary
4.
Objectives Methods/Data sources Key findings which led to conclusion Conclusions; and Recommendations
Body of the Report – use descriptive headings
5.
Framing of the Problem Outlining the 4 problems and suggested solutions Tables and Flow-Charts
Recommendation and Discussion
References – use Footnotes
Appendices
Management Decisions and Control 22421/0
14
Essential Features of a Report
It will display a good understanding of the problem; It will display evidence of original or creative thought in dealing with the problem; It will clearly present information, ideas, recommendations; It will be concise, with little or no irrelevant material; It will be as precise and consistent as possible, rather than vague, ambiguous and contradictory; It will be based on objective analysis and not on unsubstantiated subjective judgement; It will be logically presented so that the reader can see the reasoning behind decisions, conclusions and recommendations; It will explain the method of investigation and/or analysis which has been employed; It will thoroughly and appropriately address all the questions/problems posed in the instructions; It will properly reference all sources of information utilised in compiling the report; 15 It will have all tables and figures clearly numbered and
Management Decisions and Control 22421/0
Report Examples
16 Management Decisions and Control 22421/0
Other Issues
Word limit of 2500
Marking Template
Why a word limit?
This is a requirement – it is an individual assessment You will be given a mark out of five for this! Some examples
Team Member Assessment
10/10 for everyone in all areas???
17 Management Decisions and Control 22421/0
Management Decisions and Control Lecture 5 Research and Report Writing
1
Lecture Objectives
Learning Objectives of the Assignment The Brief
3.
Research Literature
4.
Science Literature Practitioner Literature
Using the Databases
5.
Framing the Problem
What is Available How to Search
Writing the Report
Format Essential features of a report Example of a Good Report Marking Template Team Member Participation 2
Management Decisions and Control 22421/0
Learning Objectives 1.
Understand, apply and critique the application of a range of different decision models used to enable managers to solve problems, control and evaluate performance within an organisational context;
3.
Within the social context of an organisation, evaluate the impact of different decisions, control systems and performance evaluation methods;
5.
Critically understand the role of management accounting in modern organisations;
7.
Further develop a capacity for independent research and learning;
9.
Further develop communication and teamwork skills. 3
Management Decisions and Control 22421/0
The Brief Framing the Problem A common problem in the manufacturing industry is the logistics of supply chain management. More specifically, the integration of all individual parts of the supply chain and how it influences a firms pricing strategy. You are asked to prepare a report that identifies the specific problems with supply chain management in the manufacturing industry and to provide a range of possible solutions to the problems. You will need to justify your stance with both academic as well as practitioner based literature references. Management Decisions and Control 22421/0
4
Framing the Problem “A common problem in the manufacturing industry is the logistics of supply chain management. More specifically, the integration of all individual parts of the supply chain and how it influences a firms pricing strategy”
What is ‘supply chain management’? What do we mean by logistics?
What are the constituents of a supply chain? Why are they difficult to integrate?
How does a supply chain influence pricing strategies?
5 Management Decisions and Control 22421/0
Framing the Problem “A common problem in the manufacturing industry is the logistics of supply chain management. More specifically, the integration of all individual parts of the supply chain and how it influences a firms pricing strategy” “identify the specific problems with supply chain management in the manufacturing industry”
Identify problems from the literature (how many problems?) Why do these problems occur? What are the ramifications of these problems for organisations? How and why do they affect pricing strategies?
These must relate to the management of the supply chain, not just the supply chain itself This implies a focus on both technical and behavioural issues 6
Management Decisions and Control 22421/0
Framing the Problem
Common Problems Problem 1 Problem 2 Problem 3 Problem 4
7 Management Decisions and Control 22421/0
Identifying Solutions “provide a range of possible solutions to the problems”
It is not enough to just provide solutions! You need to make a recommendation from your selection of solutions based on criteria that you determine as success factors.
What constitutes a ‘solution’? Success factors – ie ‘increased organisational performance’, ‘lower lead time’ etc These may be general (the same for each problem) or specific
What implications does this ‘solution’ have in terms of the social context of the organisation? Does this solution lead to further problems?
Remember the organisational ‘problem solving map’ from Lecture 1?
You might want to consider that what constitutes a ‘solution’ 8 Management Decisions and Control 22421/0 may depend on the particular context of the organisation
Identifying Solutions
Common Problems Problem 1
Solution 1
Solution 2
Solution 3
Problem 2
Solution 1
Solution 2
Solution 3
Problem 3
Solution 1
Solution 2
Problem 4
Solution 1
Solution 2
Solution 4
Solution 3
9 Management Decisions and Control 22421/0
The Organisation
Policies & Guidelines
Problems & Decisions Solution 1
Assumption 1
Solution 2
Social Context
Assumption 2
Solution 3
Standard Costing
Assumption 3
Cost Behaviour CVP Analysis Budgeting
Information
Relevant Costing Pricing Decisions Control Systems Performance Evaluation
10 Management Decisions and Control 22421/0
Compare and Contrast Solutions
Common Solution 1 Solution 2 Problems Problem 1
High
Medium
Solution 3
Low
Will need to compare on a number of bases:
Feasibility of solution Social impact within organisation What else needs to be considered?
11 Management Decisions and Control 22421/0
Available Literature “justify your stance with both academic as well as practitioner based literature references”
Science Literature (Peer-reviewed journals) UTS Online: UTS Journal Rankings
Practitioner Literature
12 Management Decisions and Control 22421/0
Using Databases UTS Library Website – Journal Databases
Business Source Premier Science Direct Proquest Business Collection
http://www.lib.uts.edu.au
13 Management Decisions and Control 22421/0
Writing a Report Guide to Writing Assignments – page 31 Available online: http://www.business.uts.edu.au/resources/guide.pdf Executive Summary
4.
Objectives Methods/Data sources Key findings which led to conclusion Conclusions; and Recommendations
Body of the Report – use descriptive headings
5.
Framing of the Problem Outlining the 4 problems and suggested solutions Tables and Flow-Charts
Recommendation and Discussion
References – use Footnotes
Appendices
Management Decisions and Control 22421/0
14
Essential Features of a Report
It will display a good understanding of the problem; It will display evidence of original or creative thought in dealing with the problem; It will clearly present information, ideas, recommendations; It will be concise, with little or no irrelevant material; It will be as precise and consistent as possible, rather than vague, ambiguous and contradictory; It will be based on objective analysis and not on unsubstantiated subjective judgement; It will be logically presented so that the reader can see the reasoning behind decisions, conclusions and recommendations; It will explain the method of investigation and/or analysis which has been employed; It will thoroughly and appropriately address all the questions/problems posed in the instructions; It will properly reference all sources of information utilised in compiling the report; 15 It will have all tables and figures clearly numbered and
Management Decisions and Control 22421/0
Report Examples
16 Management Decisions and Control 22421/0
Other Issues
Word limit of 2500
Marking Template
Why a word limit?
This is a requirement – it is an individual assessment You will be given a mark out of five for this! Some examples
Team Member Assessment
10/10 for everyone in all areas???
17 Management Decisions and Control 22421/0
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