\u2018How to write a business case for innovation\u2019 (https:\/\/www.youtube.com\/watch?v=611Yo3cTbSk).Watch the video \u2018How to write a business case for innovation\u2019 (https:\/\/www.youtube.com\/watch?v=611Yo3cTbSk).
Now read Topic 8 and apply what you have learnt from the video to the construction of a Business Case for a major HRM investment initiative, such as a management\/supervisor development program, including the achievement of an appropriate Return on Investment (ROI).
SOUTHERN CROSS UNIVERSITY
ASSIGNMENT COVER SHEET
For use with online submission of assignments<\/p>\n
Please complete all of the following details and then make this sheet the first page of each file of your assignment \u2013 do not send it as a separate document.<\/p>\n
Your assignments must be submitted as either Word documents, text documents with .rtf extension or as .pdf documents. If you wish to submit in any other file format please discuss this with your lecturer well before the assignment submission date.<\/p>\n
Begin writing here and then delete the text below \u2026<\/p>\n
.
? The Executive Summary should be written last, when the Business Case is completed and should be less than one page.
? Clear and Brief overview of the key points covered in the Business Plan, including background information, proposal outline and desired outcomes, investment requirement, cost-benefit analysis, ROI and evaluation.
? No references are required.
TABLE OF CONTENTS
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See guidelines on \u2018Guidance on Assignment 2\u2019, slide 5<\/p>\n
1. Background<\/p>\n
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Clear definition of the NEED for the proposal, including:
? the context and the challenge, including a brief discussion of the organisation\u2019s current situation and future challenges such as:
upskilling current supervisors and managers and preparing the next generation of supervisors and managers;
ageing population, skills shortages, the War for Talent etc. (references required); and
stakeholders who may be impacted by the change.
? other relevant information
2. Proposal outline and outcomes<\/p>\n
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Provide an overview of the project, including the approach to be taken such as internal workshops, on-the-job training methods, external courses, external consultants as learning\/development facilitators etc.
Outcomes will include: improvements in effectiveness, efficiency and efficacy of supervisors and managers, expressed in costs savings, productivity and profit improvement. Use your experience or imagination to provide best estimates.
Risk assessment: identify key project risks and how they will be managed. Also risks attached to not doing the project.
Note:
(1) provide a reference(s) to support your points\/discussion (e.g. to support your chosen approach and risk assessment).<\/p>\n
3. Investment requirement<\/p>\n
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Outline resources required such as:
Budget \u2013 collecting all relevant costs;
Timeframe, both in terms of when the initiative should begin and whether it is three months, six months or one year program duration. You decide the duration but a two-week program is unlikely to be effective for a supervisor\/manager development program.
People, in terms of developing, conducting\/implementing and evaluating the program. The business case needs to specify who is involved, whether external consultants or internal HR staff.<\/p>\n
4. Cost-Benefit analysis<\/p>\n
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Cost-benefit analysis involves considering the positive outcomes (or benefits) in comparison to the costs.
Supporting analysis should be provided in terms of a cost-benefit statement
The Investment \u2013 a summary of the investment required by the proposal
The Savings\/Productivity\/Profit \u2013 a summary of the savings or profits generated by the proposal
Notes:
(1) you will need to use your experience or imagination here.
(2) provide a reference(s) for cost-benefit analysis processes.<\/p>\n
5. Return on Investment (ROI
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For this assignment I suggest that you estimate a Return on Investment of 50% over one year. You will NOT need to do detailed calculations.
However, for those with the necessary expertise a well developed ROI proposal will be welcomed.<\/p>\n
Note:
(1) provide a reference(s) to support your points about the ROI.<\/p>\n
6. Evaluation
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Your evaluation plan is a very important part of your Business Case. You will need to provide an evaluation process, including both short-term and long-term evaluation criteria so that the executive can evaluate your proposal.
Example of an Evaluation Plan for monthly workshops for six months: monthly workshop evaluation. At the end of the program an evaluation of program impact (e.g. improved productivity, improved customer satisfaction, reduced absenteeism, etc.)
Remember that evaluating HR initiatives, such as talent acquisition, supervisor\/manager development etc. usually is a longer term process.
Note:
(1) provide a reference(s) to support your points about Evaluation.
7. Critical Reflective Analysis
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The reflection is written in first person language
The Critical Reflective Analysis will summarise what you have learnt through developing your Business Case, including the puzzles you have confronted and the insights you have developed. Critical Reflective Analysis applies both at the task level and at the personal development level. You need to comment on both levels.
The questions below will may help you to focus your reflection:
\u2013 What difficulties did you face in writing the Business Case?
\u2013 How did you solve the difficulties?
\u2013 What major lessons did you learn about the process?<\/p>\n
References are not required
References<\/p>\n
Provide your reference list here and then delete the text below \u2026
\u2022 List all references included in the body of the assignment (alphabetical order).<\/p>\n
\u2022 Your \u201cBibliography\u201d (all the stuff you have read) should not be included in an academic assignment. All references included in the Reference List MUST be used in the body of the assignment and you will be assessed on your ability to use the references to support your discussion\/argument.
\u2022 Use the Harvard referencing guide used in the School of Business and Tourism \u2013 link.
\u2022 Avoid using references from the internet (Wikipedia, google, blogs) and do not rely too much on the textbook\/study guide \u2013 it limits your research capabilities and your critical analysis.
\u2022 The reference list should be included in the next page, after the Conclusion.<\/p>\n
Appendix 1 \u2013 Type the title of Appendix 2 here<\/p>\n
Include your Appendix 1 here (next page after the reference list) (IF REQUIRED)
Appendix 2 \u2013 Type the title of Appendix 2 here<\/p>\n
Include your Appendix 2 here (IF REQUIRED)<\/p>\n
Appendix 3 \u2013 Type the title of Appendix 3 here<\/p>\n
Include your Appendix 3 here (IF REQUIRED) and then delete the text below \u2026<\/p>\n
? Note: List all appendices mentioned in the body of the assignment.
\u201cTables\u201d or \u201cFigures\u201d should not be included in the body of the report. They should be included as appendices.
Please analyse carefully the appendices you include to ensure that they are really relevant to your assignment. (Maximum 3 appendices of no more than one page each).<\/p>\n
Notes:<\/p>\n
1. Check the marking rubric for Assignment 2 as you prepare your assignment 2.
2. Remember that the length of your assignment should be 2500 words = +\/- 10% (excluding references).
3. Please read \u2018Session on Assignment 2\u2019 carefully.
4. Check your Turnitin report before your final submission of the assignment. Contact the IT support if you have problems to see your Turnitin report. All assignments will be checked for plagiarism. You will be rewarded for originality so please do not copy. See Rules Relating to Awards \u2013 PLAGIARISM below:
Rule 3 Section 18 \u2013 Academic Misconduct Including Plagiarism as contained in the SCU Policy Library. You need to understand the penalties that apply for plagiarism and agree to be bound by these rules. The work you submit electronically must be entirely your own work.
http:\/\/policies.scu.edu.au\/view.current.php?id=00140#s18<\/p>\n","protected":false},"excerpt":{"rendered":"
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