Tag: political

PESTLE analysis approach, reviewing political, economic, social, technology, legal and environmental factors.

Post author By admin
Post date December 9, 2019
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Assessment Task 1: Change management plan
TASK SUMMARY:
There are four parts to this assessment:
? Part A – You are required to review the case study provided below then conduct and analyse research on change management.
? Part B – You are required to develop a change management plan.
? Part C – You are required to submit your change management plan to your assessor.
? Part D – You are required to participate in a change management meeting with the CEO of Sampson Media (their assessor) seeking feedback and approval for your plan.
WHAT DO I NEED IN ORDER TO COMPLETE THIS ASSESSMENT?
? Computer with Microsoft Office or similar program
? Access to the Internet
? Meeting space
? Recruitment, Selection and Induction Policy and Procedure (provided by your assessor)
? Sampson Media Magazine Printing, Circulation and Distribution Policy and Procedure (provided by your assessor)
? Termination Policy and Procedure for Sampson (provided by your assessor).
WHEN DO I DO THIS TASK?
? If you are a class-based student you will do this task in the classroom or as homework – your assessor will advise you as to which is required.
Write in the due date as advised by your assessor: _________________________________________
WHAT DO I NEED TO SUBMIT?
? Part A – You are not required to hand in anything for this part for the assessment
? Part B – You are not required to hand in anything for this part for the assessment
? Part C – You are required to email to your assessor with version 1 of the Change Management Plan
? Part D – You are required to email to your assessor with the updated Change Management Plan
WHAT DO I NEED TO DO IF I GET SOMETHING WRONG?
If your assessor sees that you have not completed all parts of the task satisfactorily, they will talk to you about resubmission. You will only have to re-do the parts of the task that are incorrect; however you will need to resubmit the entire assessment. Your assessor will discuss an appropriate timeframe for resubmission with you when you are provided with the outcome for this task.
CASE STUDY
Samson Media is a publisher of several upmarket fashion magazines. It has strong links with a number of high profile fashion houses whose products are featured in the magazines and also provide a significant source of advertising revenue. Readers of the magazines are predominantly 35 – 54 year old women.
Readership has fallen over the last two years. This is due in the most part to due to competition from a range of other fashion magazines and consumers switching to digital media. Due to the decline in readership, profits have fallen by 20% and there has also been a fall in the share price.
As a consequence, a new CEO, Amir Johnson, has been appointed. Amir was the former Marketing Director for a well-known successful media business that included a national newspaper, magazines and a subscription television channel. The success of this business was based on targeting lower income groups and its publications are focused mainly on sport and celebrity gossip. They were also successful because they were able to undercut its competitors with low prices, enabled by a ruthless approach to achieving high levels of efficiency.
Amir and his team of Managers have developed a Strategic Plan that includes the following objectives.
? Increase return on capital to 8% within 2 years
? Enact a transformational change of the company that will convert all magazines to a digital format only.
? Achieve cost efficiencies through reducing running costs ? Relocate to a smaller office.
It is intended that the new digital magazines will have the following features:
? Focus on health and beauty, fashion and celebrity gossip.
? Some free content but full access available only on a subscription basis.
? Additional features available to subscribers such as video clips, podcasts and discussion Running costs are as follows. All staff are full-time permanent staff and their total salary costs per annum is $3,370,000.00. The cost of running the printing and distribution site, plus staff costs is currently approximately $1,500,000 per annum. The current office rent is $500,000 per annum.
As the General Manager, you have been asked to lead the development and implementation of the change management plan with the first step being to consult with an organisational change expert to discuss issues and strategies for change management for the company.
It is anticipated that while there will be some cost savings in making the change, there will also be costs involved including:
? Redundancies – anticipated cost is $300,000
? Upskilling staff – $100,000
? Consulting with experts – $100,000
? Communication throughout change with key stakeholders – $100,000 ? Office relocation – $50,000 – $80,000.
PART A – RESEARCH AND ANALYSIS
INSTRUCTIONS:
1. Review scenario and conduct research and analysis
a) Review the information in the scenario provided above and analyse the company’s strategic objectives and identify the change needs. Make notes on your analysis for use in your plan as outlined below.
b) Review existing polices/practices at Samson Media against strategic objectives and the need for change and make notes identifying changes needed to use in your report. Identify if the change required due to performance gaps, business opportunities or threats, or management decisions.
c) Conduct research on change management – the issues and practices including barriers that can impact on change and best practice change management strategies. Also research trends in magazine publishing/on-line magazine readership and analyse the impact the impact on Samson Media’s organizational objectives as per the scenario information.
d) Consider major operational change requirements and recommended order of priority.
e) You will need to identify your sources of information to show that you have identified expert guidance on change management so make notes on all the sources of information you identify and use.
f) You are not required to hand in anything for this part for the assessment.
PART B – DEVELOP A CHANGE MANAGEMENT PLAN
INSTRUCTIONS:
1. Using your research and analysis develop a Change Management Plan for Samson Media.
The Change Management Plan must address:
a) An overview of the change management process
b) An overview of the current situation facing Samson Media including:
– Identification of the need for change and an analysis of the situation that has bought about the change (performance gaps, business opportunities or threats, or management decisions)
– A review of existing polices/practices at Samson Media against strategic objectives to identify change requirements.
– An analysis of the external environment relevant to Samson Media and its objectives, including events/trends that impact on strategic objectives, including trends in magazine publishing, as well as trends in on-line magazine readership. Your analysis should reflect a PESTLE analysis approach, reviewing political, economic, social, technology, legal and environmental factors.
c) A list of the potential barriers to the proposed changes and possible strategies to overcome or address them.
d) A detailed explanation of how an organisation can check their readiness for change. This should include examination of how organisational behaviour can impact change.
e) Strategies for embedding change into an organisation
f) Prioritisation of the recommended changes including your reasoning.
Your project plan will only address your first priority change. You may presume detail that is
not included in the case study.
g) The particulars of the change. Ensure the following information is contained in your plan:
? The name of the change/project
? The stakeholder
? Revision History
? Stakeholder approval/endorsement
? Type of change – policy/process/people/system
? Resource requirements
? A Risk Assessment that includes your particular barriers to change. In identifying risks and barriers to change you must demonstrate high level problem solving skills and innovative approaches to risk mitigation
? Cost benefit analysis for your change
? Implementation strategies that includes:
– The Action plan that details the activities, responsibility, resources and timeframe.
– The Communication plan that includes strategies to inform stakeholders of the change. Ensure the strategies you develop are designed to promote the benefits of change to staff and to reduce the likelihood of a negative response/adverse outcomes.
– The Training plan that identifies the training strategy, what training is required, who requires the training, the expected outcome, who will deliver the training, an estimation of the training cost.
? Proposed reporting protocols. What will you report, when and to whom?
? A bibliography that identifies your sources of information. You need to identify your sources of information to show that you have identified expert guidance on change management.
PART C – SUBMIT YOUR CHANGE MANAGEMENT PLAN
INSTRUCTIONS:
1. Submit your Change Management Plan to your assessor via email (as the CEO of Samson Media). Your email must include a brief overview of the purpose of the email and indicate that you are seeking feedback and approval.
Upon review of your plan your assessor will email you the date and time of the meeting to discuss the plan and to provide input and possible approval.
PART D – PARTICIPATE IN CHANGE MANAGEMENT PLAN MEETING
INSTRUCTIONS:
1. Participate in a change management plan meeting. Your assessor will play the role of the CEO and change expert.
? The purpose of this role play meeting is to review your research and your Change Management Plan and to seek feedback and approval for the next phase – the implementation of the plan. You must obtain this input and approval before you commence Assessment Task 2.
? Your assessor will ask you to explain the purpose and importance of a number of the components of your change management plan
? During the meeting, you will be assessed on your effective oral communication and interaction skills.
? Your assessor will provide you with feedback, which you must use in the Change Management Plan and the Communication and Education plan.
2. Following the meeting, update your Change Management Plan ensuring that you complete the revision history and submit your updated plan via email to your assessor (the CEO). Your assessor will provide final approval of your plan.
What do I need to hand in for this task? Have I completed this?
Part A – You are not required to hand in anything for this part for the assessment N/A
Part B – You are not required to hand in anything for this part for the assessment N/A
Part C – Draft of Change Management Plan ?
Part D – Updated Change Management Plan (Version
1) ?

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Greendale’s new store: political, economic, social, technological and legal.

Post author By admin
Post date December 6, 2019
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1. Assessment Information
A. Purpose of assessment
This assessment will develop your skills and knowledge required to manage risks in a range of contexts across an organisation or for a specific business unit or area in any industry setting.
B. What you are required to do
For this assessment, you are required to complete 4 tasks:
• Task A – Demonstrate risk management knowledge
• Task B – Establish risk context
• Task C – Identify and analyse risks
• Task D – Select and implement treatments
All tasks of this assessment require you to use the provided case study information relating to the fictional company Greendale.
C. Competencies being assessed
Elements
To achieve competency in this unit you must demonstrate your ability to:
1. Establish risk context
2. Identify risks
3. Analyse risks
4. Select and implement treatments

Performance Evidence
Evidence of the ability to:
• Analyse information from a range of sources to identify the scope and context of the risk management process including:
o Stakeholder analysis
o Political, economic, social, legal, technological and policy context
o Current arrangements
o Objectives and critical success factors for the area included in scope
o Risks that may apply to scope
• Consult and communicate with relevant stakeholders to identify and assess risks, determine appropriate risk treatment actions and priorities and explain the risk management processes
• Develop and implement an action plan to treat risks
• Monitor and evaluate the action plan and risk management process
• Maintain documentation
Knowledge Evidence
To complete the unit requirements safely and effectively, the Candidate must be able to demonstrate knowledge of the following:
• Outline the purpose and key elements of current risk management standards
• Outline the legislative and regulatory context of the organisation in relation to risk management
• Outline organisational policies, procedures and processes for risk management
For further information on the competencies of this unit, please refer to: https://training.gov.au/Training/Details/BSBRSK501
D. Important resources for completing this assessment
To complete this assessment, please refer to the following resources provided on Moodle:
• BSBRSK501 Manage risk learner guide
• BSBRSK501 Observation checklist
• BSBRSK501 Marking Guide
• BSBRSK501 Case study folder
• BSBRSK501 Legislation, regulation, codes and standards folder
• Additional student assessment information
E. A note on plagiarism and referencing
Plagiarism is a form of theft where the work, ideas, inventions etc. of other people are presented as your own.
When quoting or paraphrasing from a source such as the Internet, the source must be recognised. If you are quoting a source, make sure to acknowledge this by including “quotation marks” around the relevant words/sentences or ideas. Note the source at the point at which it is included within your assessment, such as by using a citation. Then list the full details of the source in a ‘references’ section at the end of your assessment.
All sources used for your assessment should be detailed in a ‘references’ section. It is advisable to never copy another person’s work.
F. A note on questions with role plays
The following questions involve role plays:
• Task C, Question C2
• Task D, Question D2
For these questions, as outlined below, you will be assessed on your ability to role play being an Assistant Manager at Greendale. These questions require you to manage meetings and take notes on what is discussed. Your Trainer & Assessor will also observe your meeting for Task D, Question D2.
Please note: You will also need to attend separate meetings organised by other students whereby you role play being other people. This allows other students in your unit to also role play being the Assistant Manager. You do not need to take notes at meetings during which you are not role playing being the Assistant Manager.
G. Instructions for completing this assessment
Answer the questions below using the spaces provided:
• Answer all parts of each question
• Use your own words and give examples wherever possible
• The quality of your answer is more important than how long it is
• Enter your answers in this document
You may use various sources of information to inform your answers, including your resources provided by ACBI, books, and online sources. You must acknowledge and cite your sources.
Submission via Moodle
Please refer to the “Instructions for Submitting Your Assessment” found within the unit course page on Moodle.
NOTE: Please take care to follow all instructions listed. Assessments uploaded with a draft status on Moodle may not be graded.

2. Assessment Coversheet
Candidate Name:
Student ID:
Contact Number:
Email:
Trainer / Assessor Name:
Qualification: BSB50618 Diploma of Human Resources Management
Units of Competency: BSBRSK501 Manage risk
Assessment Tasks: ? A. Demonstrate risk management knowledge
? B. Establish risk context
? C. Identify and analyse risks
? D. Select and implement treatments
Due Date: Date Submitted:
Declaration: I have read and understood the following information at the beginning of this assessment guide (please tick):
? Assessment information
? Submitting assessments
? Plagiarism and referencing
I declare this assessment is my own work and where the work is of others, I have fully referenced that material.
Name (please print):
Candidate signature:
Date:
3. Assessment Questions
A. Task A – Demonstrate risk management knowledge
A1. In your own words, write a paragraph explaining the purpose of risk management standards, legislation and regulation.
NOTE: Refer to pages 9-14 of the “BSBRSK501 Manage risk learner guide” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here

A2. Identify two or more risk management standards. Then describe key elements of each one.
NOTE: Refer to pages 13-14 of the “BSBRSK501 Manage risk learner guide” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here

B. Task B – Establish risk context
B1. In your own words, write a paragraph summarising Greendale’s risk management processes.
NOTE: Refer to the pages 18-19 of the “BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here

B2. In your own words, write a paragraph summarising Greendale’s risk management policies and procedures.
NOTE: Refer to pages 14-19 of the “BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here

B3. Describe the range of workplace hazards and risks associated with Greendale’s new store.
NOTE: Refer to pages 9-15 of the “BSBRSK501 Manage risk learner guide” document and pages 19-20 of the “BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here
B4. Outline three or more stakeholders in Greendale’s new store. Identify if they are an internal or external stakeholder, then describe their stake in managing risks.
NOTE: Answer using the table below. Refer to pages 16-17 of the “BSBRSK501 Manage risk learner guide” document and pages 14-15 of the “BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 40-80 words.
Stakeholder Internal or external Stake in managing risks
Write your answer here
Write your answer here
Write your answer here
Write your answer here
Write your answer here
Write your answer here
Write your answer here
Write your answer here
Write your answer here
B5. Describe at least two strengths and two weaknesses Greendale has for managing risks associated with its new store.
NOTE: Refer to page x of the “BSBRSK501 Manage risk learner guide” document and the “BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here

B6. Outline two or more goals Greendale has for its new store.
NOTE: Refer to pages 20-22 of the “BSBRSK501 Manage risk learner guide” document and the “BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here

B7. Describe two or more examples for each of the following areas that may affect the success of Greendale’s new store: political, economic, social, technological and legal.
NOTE: Refer to pages 18-19 of the “BSBRSK501 Manage risk learner guide” document and the“BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 60-120 words.
Write your answer here

C. Task C – Identify and analyse risks
C1. Using the information and research provided in the case study, identify at least 10 risks that relate to Greendale’s new store.
NOTE: Refer to pages 31-32 of the “BSBRSK501 Manage risk learner guide” document and pages 7-11, 19-20 of the “BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 60-120 words.
Write your answer here

C2. Now you have researched risks for Greendale, you need to discuss these with stakeholders. Set up a meeting with:
• Yourself, role playing the Assistant Manager at Greendale
• At least two relevant stakeholders, as role played by other students in your unit
Use the meeting to:
• Describe Greendale’s risk management process
• Identify and discuss 10-20 risks for Greendale’s new café, inviting others to help identify potential risks
• Obtain support for your risk management activities
After your meeting:
1. Record notes of what was discussed during your meeting in the space below. Answer in 40-80 words.
2. Detail identified risks in a risk register, using the “BSBRSK501 Risk register template” document provided on Moodle. Answer in 60-120 words.
NOTE: Refer to pages 24-30 & 33-35 of the “BSBRSK501 Manage risk learner guide” document and pages 18-20 of the “BSBRSK501 Case study information” document provided on Moodle to inform your answer.
Meeting notes
Write your answer here
C3. In your risk register, score each risk for the likelihood of it occurring. Score your identified risks as follows:
• 1 – Rare
• 2 – Unlikely
• 3 – Possible
• 4 – Likely
• 5 – Most likely
NOTE: Refer to pages 38-42 of the “BSBRSK501 Manage risk learner guide” document and the “BSBRSK501 Case study information” document provided on Moodle to inform your answer.
C4. In your risk register, score each risk for the potential consequence it would have if it occurred. Score your identified risks as follows:
• 1 – Very low
• 2 – Low
• 3 – Moderate
• 4 – High
• 5 – Extreme
NOTE: Refer to pages 38-42 of the “BSBRSK501 Manage risk learner guide” document and the “BSBRSK501 Case study information” document provided on Moodle to inform your answer.
C5. Using the risk matrix provided below, determine the risk level of each of the risks you have identified. Document these risk levels in your risk register.
Save your risk register as “BSBRSK501 Risk register – Your Name”, replacing “Your Name” with your first and last names. Ensure you submit this document as part of your assessment.
NOTE: Refer to pages 43-44 of the “BSBRSK501 Manage risk learner guide” document and the “BSBRSK501 Case study information” document provided on Moodle to inform your answer.

D. Task D – Select and implement treatments
D1. Now you have analysed identified risks, you need to determine treatments. Develop a risk action plan which outlines:
• The priority of risks for treatment
• The most appropriate options for treating risks
• Relevant implementation details
Use the “BSBRSK501 Risk action plan template” provided on Moodle to create your plan. Save your plan as “BSBRSK501 Risk action plan – Your Name”, replacing “Your Name” with your first and last names. Ensure you submit this document as part of your assessment.
NOTE: Refer to pages 43-54 of the “BSBRSK501 Manage risk learner guide” document and pages 18-19 of the “BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 150-250 words.
D2.
THE SCENARIO:
Now you have created your risk treatment plan, you need to communicate risk management processes to others. Set up a meeting with:
• You, acting as the Assistant Manager at Greendale
• Relevant parties, as role played by other students in your unit
NOTE: Your Trainer & Assessor will also observe this meeting.
WHAT YOU NEED TO DO BEFORE YOUR MEETING:
Organise a day and time for your meeting, in line with the availability of other students in your unit as well as your Trainer & Assessor. This meeting should take no more than 10 minutes.
You are required to manage the meeting. Prior to the meeting ensure you have read the instructions below on what you’ll be required to do during the meeting and prepare as necessary.
WHAT YOU NEED TO DO DURING YOUR MEETING:
Use the meeting to communicate risk management processes and action plans for Greendale’s new store.
Ensure you take note of what you discuss during the meeting.
WHAT YOU NEED TO DO AFTER YOUR MEETING:
Record notes of what was discussed during your meeting, including any feedback received.
Answer in 40-80 words.
Meeting notes
Write your answer here
D3. Review the implementation results provided in the case study. Then summarise of all actions taken to date in attempting to manage identified risks.
NOTE: Refer to pages 60-61 of the “BSBRSK501 Manage risk learner guide” document and pages 23-24 of the “BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here

D4. Review the implementation results provided in the case study, then evaluate the effectiveness of Greendale’s risk management process.
NOTE: Refer to pages 62-63 of the “BSBRSK501 Manage risk learner guide” document and pages 23-24 of the “BSBRSK501 Case study information” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here

4. Student Self Checklist
A. Student Self Checklist for Tasks A – D
Candidate name:
Unit of Competency: BSBRSK501 Manage risk
Instructions:
Place a tick ‘? ’ in the Yes (“Y”) column for each question you have completed all parts for.
Task A – Demonstrate risk management knowledge
Did you: Y
?
A1: In your own words, write a paragraph explaining the purpose of risk management standards, legislation and regulation?
A2: Identify two or more risk management standards? Then describe key elements of each one?
Task B – Establish risk context
Did you: Y
?
B1: In your own words, write a paragraph summarising Greendale’s risk management processes?
B2: In your own words, write a paragraph summarising Greendale’s risk management policies and procedures?
B3: Describe the range of workplace hazards and risks associated with Greendale’s new store?
B4: Outline three or more stakeholders in Greendale’s new store? Identify if they are an internal or external stakeholder, then describe their stake in managing risks?
B5: Describe at least two strengths and two weaknesses Greendale has for managing risks associated with its new store?
B6: Outline two or more goals Greendale has for its new store?
B7: Describe two or more examples for each of the following areas that may affect the success of Greendale’s new store: political, economic, social, technological and legal?
Task C – Identify and analyse risks
Did you: Y
?
C1: Using the information and research provided in the case study, identify at least 10 risks that relate to Greendale’s new store?
C2: Set up a meeting with:
• Yourself, role playing the Assistant Manager at Greendale?
• At least two relevant stakeholders, as role played by other students in your unit?
Use the meeting to:
• Describe Greendale’s risk management process?
• Identify and discuss 10-20 risks for Greendale’s new café, inviting others to help identify potential risks?
• Obtain support for your risk management activities?
After your meeting:
1. Record notes of what was discussed during your meeting in the space provided, answering in 40-80 words?
2. Detail identified risks in a risk register, using the “BSBRSK501 Risk register template” document provided on Moodle”, answering in 60-120 words?
C3: In your risk register, score each risk for the likelihood of it occurring? Score your identified risks as follows:
• 1 – Rare?
• 2 – Unlikely?
• 3 – Possible?
• 4 – Likely?
• 5 – Most likely?
C4: In your risk register, score each risk for the potential consequence it would have if it occurred? Score your identified risks as follows:
• 1 – Very low?
• 2 – Low?
• 3 – Moderate?
• 4 – High?
• 5 – Extreme?
C5: Using the risk matrix provided below, determine the risk level of each of the risks you have identified? Document these risk levels in your risk register?
Save your risk register as “BSBRSK501 Risk register – Your Name”, replacing “Your Name” with your first and last names? Ensure you submit this document as part of your assessment?
Task D – Select and implement treatments
Did you: Y
?
D1: Develop a risk action plan which outlines:
• The priority of risks for treatment?
• The most appropriate options for treating risks?
• Relevant implementation details?
Use the “BSBRSK501 Risk action plan template” provided on Moodle to create your plan. Save your plan as “BSBRSK501 Risk action plan – Your Name”, replacing “Your Name” with your first and last names? Ensure you submit this document as part of your assessment?
D2: Set up a meeting with:
• You, acting as the Assistant Manager at Greendale?
• Relevant parties, as role played by other students in your unit?
Use the meeting to communicate risk management processes and action plans for Greendale’s new store?
After the meeting, record notes of what was discussed, including any feedback received?
D3: Review the implementation results provided in the case study? Then summarise of all actions taken to date in attempting to manage identified risks?
D4: Review the implementation results provided in the case study, then evaluate the effectiveness of Greendale’s risk management process?