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MGT599 Management Consulting Project Assignment Sample SUSS Singapore

The changing landscape of business has led to a need for adaptability and innovation. The recent VUCA environment created by this volatility, uncertainty and complexity in our global markets has led many companies around the world including your organization to struggle with how best they can respond or change their strategy so as not to fall behind against competition from other nations who are also adapting accordingly when it comes down decision-making processes within an ever-evolving corporate culture.

With MGT 599, students will have the opportunity to demonstrate their business management knowledge and skills by working on a real-world project for an organization of choice. By selecting this course option in particular you are opting for yourself as part of our community that wants change within businesses around Ireland through innovative solutions or new methods created specifically with your needs at heart.

You will write a business plan for an existing or new company, and utilize design thinking to resolve ill-defined problems in your organisation’s work. You are required to identify challenges faced by the firm and collect data on these issues before presenting recommendations that can help solve them at the management level with confidence.

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Assignment Task 1: Evaluate and diagnose the business problems and challenges faced by an organisation using a general management perspective

There are a variety of business problems and challenges that can be faced by an organisation using a general management perspective. Some of the most common include issues with staffing, finances, customers, and operations.

One of the biggest challenges that organisations face is attracting and retaining top talent. To compete in today’s marketplace, it is essential to have a strong team in place. This can be difficult to do if you are not offering competitive salaries or benefits packages. Another way to attract and retain talent is to create a positive work environment where employees feel valued and appreciated. This can be done through things like regular feedback, professional development opportunities, and flexible working arrangements.

Another common challenge faced by organisations is financial difficulties. This can arise due to a variety of factors, including issues with cash flow, inadequate revenue generation, incorrect allocation of resources, or unexpected expenses. To address financial challenges effectively, it is important to have strong controls in place and be proactive about identifying potential problems before they become unmanageable.

Assignment Task 2: Analyse the data collected and critically assess the relevance of the findings

It is important to analyse the data collected and critically assess the findings to ensure that the research is relevant and accurate. Without this step, the research could be misleading or simply incorrect. There are a few ways to go about analysing data, but some common methods include statistical analysis, content analysis, and qualitative analysis. Each method has its advantages and disadvantages, so it is important to choose the one that is most appropriate for the data being analysed. Once the data has been analysed, it is important to critically assess the findings to determine if they are accurate and can be trusted.

This critical assessment can be done by looking at other studies that have been done on similar topics, by talking to experts in the field, or by determining which method was used to collect the data and whether that method is reliable. Overall, it is essential to carefully analyse and critically assess the findings of any research to ensure its accuracy and relevance.

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Assignment Task 3: Recommend creative methods or innovative solutions for implementation within the organisation

There are a few creative methods or innovative solutions that can be implemented within an organisation. 

For example, starting a company-wide innovation initiative where all employees are encouraged to come up with new and better ideas. This can be done through holding regular brainstorming sessions, setting up an innovation task force, or establishing an ‘innovation of the week’ award.

Another method is to encourage more flexible working arrangements and open communication channels between employees. This includes things like having more collaborative workspaces, using social media platforms for work purposes, encouraging employee input on company decisions, and so on. By doing this, you’ll create a more open and innovative workplace culture where everyone feels they have a voice and can contribute to making the company better.

Finally, you can also look to outside sources for inspiration and ideas. This could involve attending industry events and networking with other professionals, reading business and innovation books and articles, or keeping up with the latest industry news and trends. By doing this, you’ll ensure that you’re always aware of the latest innovations and can adapt them to suit your organisation’s needs.

Assignment Task 4: Plan the project timeline and achievable milestones within the given timeframe

Assuming you have a project with a defined scope and timeline, here are some tips for planning the project timeline and achievable milestones.

  1. Define the scope of the project and break it down into smaller tasks.
  2. Determine how much time each task will take to complete. Keep in mind that some tasks may need to be completed in parallel while others may need to be completed sequentially.
  3. Create a detailed schedule that includes all planned milestones and deadlines. Make sure to leave some buffer time in case there are any unforeseen delays or setbacks.
  4. Share the schedule with all relevant stakeholders and get their feedback. Make sure everyone is on board with the proposed timeline and milestones before proceeding.
  5. Start working on the project and monitoring progress closely to ensure that everything is on track. Make adjustments to the schedule as needed. Celebrate each milestone as it is reached.

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Assignment Task 5: Assess the constraints of decision making and problem-solving in VUCA contexts

In a VUCA context, decision making and problem-solving can be constrained by the volatility, uncertainty, complexity and ambiguity of the environment. Additionally, in a VUCA context, it can be difficult to obtain accurate or timely information, and it can be challenging to identify root causes and potential solutions.

Given these constraints, it is essential that decision-makers and problem-solvers take a holistic and systemic approach to decision making and problem-solving, and that they exercise flexibility and creativity in their thinking. It is also important to build collaborative relationships with key stakeholders, as well as to develop an understanding of the business landscape within which the organization operates.

Finally, decision-makers and problem-solvers must have a clear sense of purpose and be able to manage their own emotions and thought processes effectively to succeed under these conditions.

Assignment Task 6: Create high impact materials for effective communication of insights and recommendations to senior management for decision making

To create high impact materials for effective communication of insights and recommendations to senior management for decision making, it is important to keep the following in mind:

  1. Use clear, concise language that is easy to understand.
  2. Avoid using technical jargon or acronyms without providing clear explanations.
  3. Make sure all data and statistics are accurate and up-to-date.
  4. Use visual aids (e.g., graphs, charts, tables) to help illustrate your points.
  5. Structure your material in a logical and organized manner.
  6. Proofread your work thoroughly to ensure accuracy and clarity.
  7. Practice presenting your material beforehand to ensure you are comfortable and confident when delivering it to senior management.
  8. Finally, be prepared to respond to any questions or feedback that may arise, and always be willing to engage in productive dialogue with decision-makers.

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