Hello, please assist with the below:You will write a paper for this assignment.Read Chapter 11, “Eleven Principles, Seven Skills, and Five Metrics,” in the textbook, The ROI of Human Capital.Write an 800- to 1000-word paper guided by the following requirements:Introduction: Write a brief introduction to the paper.Making the Business Case Research Summary: Research the concept of making a business case and provide a summary of your research findings; include the steps to follow in making a case.Communicating the Business Case: Explain how you – in the role of an HR professional – would communicate your business case (that is, the details of your completed HR strategy: strategy map, objectives, measurements, targets, initiatives and budget, as completed in Workshop Five and updated as necessary) to the organization’s executive management:What means of communication would you use for making the business case?What would be the main points of your communication to executive management?What “evidence” would you provide to support your HR aims and claims?Ongoing Communication of Status of Initiatives: Detail how the status of the HR Scorecard initiatives will be communicated in an ongoing manner to executive management (i.e., “what” and “when” and “how” the communication will be provided going forward).Conclusion: Provide a brief conclusion.Use appropriate headings for each of the above lettered items in the paper.Include a cover page and a reference page in addition to the 800-1000 words required for the assignment. Attach the one-page HR scorecard you completed in Workshop Five (updated as necessary) as an appendix to your written paper for use as a reference in the assignment.  Do not submit the scorecard page as a separate document.Before submitting this assignment, thoroughly review the completed paper for APA formatting and mechanics.  Check the instructions of this workshop document and the rubric for this assignment to be sure that your paper has met all requirements.Thanks!Documents attached: my paper from week 5 referenced in the assignment & the scorecard template.
strategy_map_balanced_scorecard_action_plan__1_.xlsx

workshop_five___action_plan.docx

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Kaplan, R. S., & Norton, D. P. (2004, March/April). Strategy maps frame an organization’s objectives. Ex
(Kaplan & Norton, 2004, p. 44)
me an organization’s objectives. Executive, 20 (2), 40-45.
Mission:
HR mission statement goes here
Vision:
HR vision statement goes here
Financial
Perspective
Business Strategy/Value
External
Strategy
Strategy
Strategy
Business Value
Proposition
Customer
Perspective
Identify
Identify
Identify
Identify
Identify
Fill in perspetive
Internal
Perspective
Learning &
Growth
Perspective
Title
Title
Fill in perspective
Fill in perspective
Title
Fill in perspective
+
Fill in perspective
Title
Fill in perspective
ategy/Value
Internal
Strategy
Strategy
Identify
Identify
Identify
Fill in perspective
Title
Title
Fill in perspective
Fill in perspective
+
Title
Fill in perspective
Strategy Map
Objectives
Process:
Theme:
Financial Perspective
v
v
v
———————————————————–Customer Perspective
v
———————-v
v
v
———————————————————–Internal Perspective
v
———————-v
v
v
———————————————————–Learning and Growth Perspective
v
———————-v
v
v
v
Balanced Scored
Measurement
Target
v
v
v
v
v
v
v
———————–
v
———————–
v
v
v
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v
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v
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v
———————–
v
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v
v
v
v
v
v
v
v
Action Plan
Initiative
Budget
v
v
v
v
v
v
v
v
v
v
v
v
v
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v
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Total Budget
Measurement
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Rashida Jones
Instructor: Michael Nicholas
MHRO29 Evid Based Tools/HR Dec Mkg
September 26, 2016
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Question 1
Introduction
Over the years, business firms have adopted various trends in the way of carrying out their operations. A
common practice conducted by a majority of firms is outsourcing. This involves a company transferring work to an
external vendor or offshore supplier rather than completing it internally. The most common functions being outsourced
these days include customer service support, staffing (acquisition of extra labor force), payroll along with several others.
However as much as trends in business operations have taken place, very little changes have taken place in the human
resource sector. A new model has been developed to change the shape of the human resource sector. The model has
several aspects: alignment, integration and measurement which are incorporated into planning, processing and lastly
delivery and measurement. Additionally, a strategy map gives an overview of how objectives in the four perspectives
(process, intangible assets, targets and initiatives) blend and sum up to form the company’s strategy. Each company
modifies their strategy map to its particular set of strategic objectives.
Question 2
Feasibility study research summary
A feasibility study is an analysis of the likelihood of a particular concept having a reasonable chance of
success. A business project are considered to be feasible if it has the ability to generate adequate amount of cash flow
and profits, withstand the available risks and meet the goals of the business.
Business projects are classified into three categories depending on their effect on cooperate profit. These are
new profit, business protection and obligatory investment projects. New profit investment projects increase the
company’s rate of return, business protection investment projects help maintain the profitability of the company while
obligatory investment projects expand the scope of the investment thereby allowing the inclusion of a profitable item to
justify the investment.
Before undertaking a certain project, one has to estimate the cost of the project in the correct way to avoid
such things as inadequacy of time, money, infrastructure, materials or the required labor to complete the project.
Similarly, overestimation may result in the investor rejecting the project due to its overestimated cost or may end up
carrying forward the project in search of adequate capital required to undertake the investment project. Chen
classifies estimates into three categories i.e. fair estimates, rough estimates and order of magnitude estimates.Fair
estimates are only possible when one had undertaken a similar project before and so is familiar with the project.
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Rough estimates are normally closer to the actual value while order of magnitude estimates fall within two or three
times the actual value.
A feasibility study may be economical, technical, operational, scheduled or legal and contractual.
Question 3
Appendix-Action Plan


Initiative

Effective pricing

Better inventory management

Efficient fleet planning
Budget

$ 200 per ticket

$ 50 000

$ 20000
Question 4
Action plan initiatives and budget
The inclusion of initiatives in an action plan enables the investor to have a basis of evaluating the objectives of
the strategic plan in order to accomplish the company’s goals. A budget on the other hand enables the investor to tell
the sum of money required to carry out a certain initiative in order to achieve the goals of the plan. For instance, if a
particular some of money is not adequate to cater for a particular initiative, the objective of the plan may not be achieved
hence the set project may not succeed.
Question 5
Feasibility study of the action plan
The action plan is determined to be viable basing on the following feasibility factors;
1.
Technical feasibility
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The technical assessment helps us to tell whether the company has the ability or technology to build a certain
product in a project. In this case, in order to meet the initiative of efficient fleet planning, we assess whether
the airline has the enough resources to produce the required fleet of planes.
2.
Operational feasibility
This assessment enables the investor to tell whether the proposed initiatives would be able to solve the
business problems in line with the plan’s objectives. In this case, we look at the stated initiatives for the
company and evaluate their relevance to the related objectives
3.
Schedule feasibility
The effective pricing, better inventory management and efficient fleet planning should be done in a period of
time that ensures the project is completed within the stipulated time. In this case the three initiatives allow for
enough time before the project is completed.
4.
Economic feasibility
The sum of money allocated towards the accomplishment of a given initiative should be adequate to cater for
the stated initiative. The budgets allocated towards the relevant initiatives are adequate in this case.
Conclusion
A feasibility study is very essential in evaluating the day to day investment projects as it helps us to plan
properly before undertaking a certain project and also avoid making mistakes associated with carrying out of a certain
investment project.
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References
Chen.M,T. (1996). Simplified Project Economic Valuation. Transactions of AACE International.
Kaplan S, N. D. (2004). How Strategy Maps Frame an Organization Objective. New York: ProQuest Business
Collection.
Matson, J. (2000). Cooperative Feasibilty Study Guide. United States Department of Agriculture(USDA), 40.

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