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Purpose:
In the second assignment, within a report, you will create a SWOT analysis, discuss a SWOT analysis and provide a detailed explanation of what considerations led to the determination of the SWOT components. You will then make recommendations and explain what factors were considered in making the recommendations.
Note: Not all critical company information is provided, so it is impossible to complete a financial analysis but instead students will focus on the first elements of the P-O-L-C, planning.
Outcome Met by Completing This Assignment:
Instructions:
Step 1: Preparation for the Assignment
Before you begin writing the report, you will read the following requirements that will help you meet the writing and APA requirements. Not reading this information will lead to a lower grade:
Read the grading rubric for the assignment. Use the grading rubric while writing the report to ensure all requirements are met that will lead to the highest possible grade.
Third person writing is required. Third person means that there are no words such as “I, me, my, we, or us” (first person writing), nor is there use of “you or your” (second person writing). If uncertain how to write in the third person, view this link: http://www.quickanddirtytips.com/education/grammar/first-second-and-third-person.
Contractions are not used in business writing, so you are expected NOT to use contraction in writing this assignment.
You are expected to paraphrase and NOT use direct quotes. You are expected to paraphrase, which can be learned by reviewing this link: https://writing.wisc.edu/Handbook/QPA_paraphrase2.html.
You are responsible for APA only for in-text citations and a reference list.
You are expected to use the facts from the case scenario paired with the weekly courses readings to develop the analysis and support the reasoning. No more than two (2) external resources can be used in completing the assignment. Books cannot be used as resources for this assignment. The expectation is that you provide a robust use of the course readings. If any material is used from a source document, it must be cited and referenced and the page or paragraph number must be provided. A reference within a reference list cannot exist without an associated in-text citation and vice versa.
In completing the assignment, students are expected to use the facts from the case study and company profile paired with the weekly courses readings to develop the analysis. View the company profile here: Galaxy Toys, Inc. Company Profile.
Step 2: How to Set Up the Paper
Create a Word or Rich Text Format (RTF) document that is double-spaced, 12-point font. The final product will be between 6-8 pages in length excluding the title page and reference page and appendix. Write clearly and concisely.
Use the following format:
Step 3: Part One: Read critically and analyze the following scenario:
The toy industry is very fickle and innovation is critical. Sales for January 2017 showed only a 3% rise over January 2016 leaving the company managers concerned about meeting projected sales targets for 2017. In a 30-month plan, George Jepson, Jr., as CEO, together with Edward Mercury, CFO, set long-term goals for the company to include the following:
In November 2016, the long term planning team began to select the newest Galaxy product line. The choice of the right product design will hopefully stop the slump in sales and jump start growth. Tomorrow, February 4, 2017 is the final meeting of the planning team. The team will choose between three options:
The products have different production requirements. Payload Nine is designed to complement the International NASA Space Station series. Payload Nine is geared to the 7-10 age groups and contains building blocks to make the space shuttle with emphasis on the cargo hold and its loading arm.
Focus group results suggest that Payload Nine will sell well but it is not a “wow” product in the eyes of the group. It is not a trendsetting toy. The introduction of Payload Nine is estimated to jump NASA sales by 6.8%. Payload Nine requires little change on the production floor and supplies are easily obtainable. Production could begin May 1, 2017 and completed in time for the Christmas toy market. No additional personnel would be needed and existing production would not be delayed. Production costs would fit within the current year’s budget.
The other project “Moon Mission to Jupiter’s Europa” (MMTJE1) is a 3D engineered of the Curiosity vehicle used to explore Mars. The toy is operated remotely allowing a child and parent to launch the capsule “Juno 1” craft 500 feet in the air, unload the rover called Galileo and move it along all terrain surfaces. Galileo takes pictures remotely and sends them to a cell phone. The toy is geared for the age 11-15 market but can be used with younger children as long as there is adult supervision. The toy is made from a 3D printer and consists of a plastic capsule and rover base with electronics added separately in production. [If uncertain about what 3D printing is, view http://3dprinting.com/what-is-3d printing/]
Focus group results suggest that it is a “wow” product and would also encourage sales of related toys and books as Jupiter’s Moon Europa has been deemed by scientists as the most accessible and likely place to support habitable life as we know it to be. Children can view pictures and imagine a Moon currently covered in ice as a new space frontier adventure. An interactive video game is also envisioned. It will be the first intergalactic action toy that Galaxy Toys has ever produced. MMTJE1 is estimated to bring a 15% increase in unrelated NASA sales if rolled out in 2017 and 21.6% increase if rolled out in 2018. However, MMTJE1 is not production-friendly at this point.
The new production equipment, electronics, computer programming and trained personnel would not see production beginning before November of 2017. Anticipated budget costs of $450,000 necessitating a budget increase of $300,000 over all five plants would be needed. In order to meet the October deadline for Christmas 2017 sales additional labor would be needed with a cost increase of 20% over the projected $450,000 budget costs. In addition, the push would necessitate significant rescheduling of current production and likely require factory workers to put in overtime. Finally, the rush would be predicated on the assumption that production problems would not occur.
Keith Wisternick, VP of Production, has the job of aligning all the production teams for Galaxy Toys, and more specifically, he is the person that ensures that each of the plants are capable of producing toys that meet the quality standards of Galaxy Toys in an efficient and cost-effective manner. Also, part of Keith’s job is to provide valuable input into the long-term planning process of the company. Every two years, Keith and his counterparts in the other departments meet to determine the new product line for the upcoming two years. They are presented with new ideas that have been developed by the Design and Engineering Department.
After soliciting input for recommendations on the toys that would most likely meet the company’s future objectives, the Board of Directors narrowed the choices to Payload Nine and Moon Mission to Jupiter’s Europa 1 (MMTJE1).
As VP of Production, Keith is very aware that his recommendation and vote lends great influence to the outcome. Lucky for Keith, he is not expected to provide his recommendation without first delegating some researching responsibilities to others. One person that he relies upon for research and analysis is Itza Yu who is a Production Manager. Yu has been tasked with creating a SWOT analysis for Keith’s review. However, Yu has not had any prior experience with creating this type of information. Keith has provided the following source to help him:
https://www.mindtools.com/pages/article/newTMC_05.htm
Step 4: Create the introductory paragraph. Within this paragraph, provide a brief overview of the scenario. Then, provide a thesis statement and tell the reader the main topics covered in the paper. The introductory paragraph is the first paragraph of the paper but is typically written after writing the body of the paper (Questions students responded to above). View this website to learn how to write an introductory paragraph: http://www.writing.ucsb.edu/faculty/donelan/intro.html
Step 5: SWOT Analysis
Using the facts that have been provided in the case scenario and company profile as well as your own research on the toy industry, create a SWOT analysis table Yu can give to Keith to use in making his long-term planning decisions. If you need to know how to create a table, view: How to Insert a Table in a Microsoft Word Document.
Note: A SWOT tool used correctly examines both the internal status of the entire company as well as the current external climate of the toy business. It is necessary to do the research on the toy industry to create the SWOT correctly. This task requires the use of external sources as well as the in-class material and case facts. Choose your source documents wisely!
Be sure to remember that the SWOT tool is not being used to examine the project itself but to examine the current position of the company both internally and externally in the toy industry.
Step 6: Strengths & Weaknesses
To assist further Keith, Itza Yu must also provide a detailed explanation as to what considerations led to the determination that certain facts should be classified as “strengths” “weaknesses”, “opportunities” and “threats.” In other words, it is not enough to list an item in a quadrant but instead, Itza Yu must explain “why” these facts were included in the analysis.
Step 7: Recommendation
Lastly, Itza Yu must recommend the best long-term planning decision for Keith’s approval. In this report:
Yu must explain the analysis and factors used in evaluating the vision, mission, long-term goals and SWOT analysis of the company that led to the conclusions that formed the basis of the decision. Remember, what Yu presents must be accurate and well supported since Keith will make this recommendation to the Long-term Planning Committee. In the evaluation, the explanation must answer the question what recommendation will likely bring the most sustainability to Galaxy toys and why?
Step 8: Part Two: Short Term Production Goals and Objectives
Read critically and analyze the following scenario:
The Board of Directors has decided to accept the recommendation to roll out the “Moon Mission to Jupiter’s Europa 1” for the holiday season of 2018. In a virtual meeting, led by Itza Yu, the production managers have had a “brainstorming” session and have created a list of short-term goals and objectives.
In reviewing the list, Itza Yu noted that some of the items on the list are sound short-term goals and objectives while others are not and therefore, should be removed. He also noted that some of the items do not fit well with the company’s vision and mission and will need to be eliminated.
Assuming the role of Itza Yu, students must determine whether the items on the list are “goals” or “objectives” and whether they should be adopted or abandoned. The list is as follows:
Short Term Goals and Objectives List
Completion dates for material purchase and delivery set for production roll out
Answer the following required elements for Part Two making sure that the facts of the scenario and the course readings support the reasoning of the answers provided.
From the list above, students should generate a table with three columns. Label the first column, “Appropriate Short-term Goals.” Label the second column “appropriate objectives”. The third column should be those other goals and objectives that have to be abandoned.
Take each item from the list above and place the item into the appropriate column. In completing this task, Yu is expected to demonstrate an understanding of the difference between “goals” and “objectives” and their choices should reflect this understanding. Yu cannot change any of the goals and objectives that he has been provided in the list.
Yu will clearly explain the reasoning for the categorization of the goals and objectives as this analysis will be very helpful to Keith Wisternick and the Board of Directors of Galaxy Toys, Inc.
Step 9: Write the summary paragraph
Write the summary paragraph. A summary paragraph restates the main topics of the paper. Make sure to leave a reader with a sense that the paper is complete. The summary paragraph is the last paragraph of a paper and does not need a heading.
Step 10: Proofread the report for spelling and grammatical issues, and third person writing.
Step 11: Submit the report in the Assignment Folder (The assignment submitted to the Assignment Folder will be considered a student’s final product and therefore ready for grading by the instructor. It is incumbent upon the student to verify the assignment is the correct submission. No exceptions will be considered by the instructor).
Due Date Jul 2, 2017 11:59 PM
Rubric Name: Assignment #2
CriteriaOutstandingSuperiorGoodSubstandardFailureContent: Create SWOT Analysis5.25 points
Conclusions drawn show an extraordinary application/understanding of the key concepts/principles/theories of SWOT analysis through the logical use of class material, class discussion, research and case study facts.
(4.725 – 5.25)
4.4625 points
Conclusions drawn show a complete application/understanding of the key concepts/principles/theories of SWOT analysis through the logical use of class material, class discussion, research and case study facts. The use of outside research to develop external factors needed further development.
(4.2 – 4.724)
3.9375 points
Conclusions drawn show a general application/understanding of the key concepts/principles/theories of SWOT analysis through the logical use of class material, class discussion, research and case study facts. The application of facts/material for internal/ external factors overall needed further development.
(3.675 – 4.19)
3.4125 points
Conclusions drawn show a limited understanding of the key concepts, principles and theories of SWOT analysis; the use of logical application of case study facts/material was scantily evidenced.
(3.15 – 3.674)
0 points
Failed to demonstrate an understanding of the key concepts, principles and theories of SWOT analysis.
(0)
Content: Detailed Explanation of SWOT2.1 points
Discussion shows an extraordinarily detailed understanding as to what considerations logically led to the determination that certain facts/class material/research should be classified as strengths, weaknesses, opportunities and threats.
(1.89 – 2.1)
1.785 points
Discussion shows a complete understanding as to what considerations logically led to the determination that certain facts/class material/research should be classified as strengths, weaknesses, opportunities and threats; Research facts could be more developed.
(1.68 – 1.88)
1.575 points
Discussion shows a general understanding as to what considerations logically led to the determination that certain facts/class material/research facts should be classified as strengths, weaknesses, opportunities and threats but overall needs more developed discussion.
(1.47 – 1.67)
1.365 points
Discussion shows overall limited understanding as to what considerations logically led to the determination that certain facts/class material/research should be classified as strengths, weaknesses, opportunities and threats.
(1.26 – 1.46)
0 points
Fails to identify, isolate, explain, and classify any salient facts from the case study related to the SWOT.
(0)
Content: Make Decision for Recommendation and Explain4.2 points
Makes a recommendation based on conclusions drawn with an extraordinarily logical analysis and evaluation of the SWOT, vision/mission statements.
(3.78 – 4.2)
3.57 points
Makes a recommendation based on conclusions drawn with a strong logical analysis and evaluation of the SWOT, vision/mission statements; but either the SWOT, vision or mission discussion could have been more developed.
(3.36 – 3.77)
3.15 points
Makes a recommendation based on conclusions drawn with a general analysis and evaluation of the SWOT, vision, mission statements; but overall needs more development.
(2.94 – 3.35)
2.73 points
Makes a recommendation based on unclear conclusions and/or minimal analysis or evaluation of SWOT, vision, mission is missing; or no recommendation is made but is discussed.
(2.52 – 2.93)
0 points
Fails to make a recommendation based on conclusions drawn with the analysis and evaluation of SWOT, vision, mission statements.
(0)
Content: Goals and Objectives3.15 points
Demonstrates extraordinary understanding of the difference between goals and objectives by creating three separate lists and selected choices have no incorrect choices.
(2.835 – 3.15)
2.6775 points
Demonstrates a complete understanding of the difference between goals and objectives by creating three separate lists and selected choices have no more than 1-3 incorrect choices.
(2.52 – 2.834)
2.3625 points
Demonstrates a general understanding of the difference between goals and objectives by creating three separate lists and selected choices have no more than 4-5 incorrect choices.
(2.205 – 2.51)
2.0475 points
Demonstrates a minimal understanding of the difference between goals and objectives by either creating two rather than three separate lists and/or selected choices that reflect 6 or more incorrect choices.
(1.89 – 2.204)
0 points
Lists are not created or discussed.
(0 – 1.88)
Content: Explain Reasoning for the Categorization of Individual Goals and Objectives/Abandonment of Others1.05 points
Discussion shows an extraordinarily detailed understanding as to what considerations led to the categorization of individual goals and objectives and the abandonment of others through a logical analysis of class material, discussion and case study facts.
(0.945 – 1.05)
0.8925 points
Discussion shows a complete understanding as to what considerations led to the categorization of individual goals and objectives and the abandonment of others through a logical analysis of class material, discussion and case study facts; additional development of either goals or objectives is needed.
(0.84 – 0.944)
0.7875 points
Discussion shows a general understanding as to what considerations led to the categorization of individual goals and objectives and the abandonment of others through a logical analysis of class material, discussion and case study facts; additional development of both goals and objectives is needed.
(0.735 – 0.83)
0.6825 points
Discussion shows a limited understanding as to what considerations led to the categorization of individual goals and objectives and the abandonment of others; logical analysis of class material, discussion and case study facts is evidenced minimally.
(0.63 – 0.734)
0 points
Fails to explain reasoning for the categorization of individual goals and objectives and the abandonment of others.
(0)
Attention to Instructions2.1 points
The paper contains completion of all major assignment tasks. The paper also includes completion of all minor aspects of the assignment such as third person writing, required use of course readings, outside sources if needed, and assignment format.
(1.89 – 2.1)
1.785 points
The paper contains completion of all major assignment tasks. The paper missed one minor aspect of the assignment such as third person writing, required use of course readings, outside sources if needed, and assignment format.
(1.68 – 1.88)
1.575 points
The paper missed one major assignment task or two minor aspects of the assignment.
(1.47 – 1.67)
1.365 points
The paper missed two major assignment tasks and/or three or more minor aspects of the assignments.
(1.26 – 1.46)
0 points
The paper missed three or more major assignment tasks.
(0)
Writing Mechanics2.1 points
Strictly adheres to standard usage rules of written English using paragraphs and sentence rather than bullets, including but not limited to capitalization, punctuation, run-on sentences, missing or extra words, stylistic errors, spelling and grammatical errors. No contractions or jargon used. Zero to two errors noted.
(1.89 – 2.1)
1.785 points
Excellently adheres to standard usage of mechanics: conventions of written English, including capitalization, punctuation, and spelling. Three to six errors noted.
(1.68 – 1.88)
1.575 points
Satisfactorily adheres to standard usage rules of mechanics: conventions of English, including capitalization, punctuation, and spelling. Seven to 10 errors noted.
(1.47 – 1.67)
1.365 points
Minimally adheres to standard usage rules of mechanics: conventions of written English, including capitalization, punctuation, and spelling. More than 10 errors found.
(1.26 – 1.46)
0 points
Does not adhere to standard usage rules of mechanics: conventions of written English largely incomprehensible; or errors are too plentiful to count.
(0 – 1.25)
APA Style (6th ed.)1.05 points
1 – 2 APA style or usage errors; Proper citation of source material is used throughout paper; Reference titles follow APA with only the first word, the first word after a colon and proper nouns capitalized.
(0.945 – 1.05)
0.8925 points
Attempts in-text citations and reference list but 3 – 4 APA style errors noted or fails to use APA citations when appropriate 1 – 2 times.
(0.84 – 0.944)
0.7875 points
Attempts in-text citations and reference lists; APA style errors are noted throughout document with 5 – 6 errors noted; Fails to use APA citations when appropriate 3 – 4 times in document.
(0.735 – 0.839)
0.6825 points
Attempts in-text citations and reference lists; Fails to use APA citation when appropriate 5 – 6 times; Fails to use APA citations when appropriate 5 – 6 times in document or presents a total of 1 – 2 in-text citations and reference list in a paper when requires APA citations are needed throughout the document.
(0.63 – 0.734)
0 points
No attempt at APA style; or attempts either in-text citations or reference list but omits the other.
(0 – 0.62)
Overall ScoreOutstanding18.9 or moreSuperior16.8 or moreGood14.7 or moreSubstandard12.6 or moreFailure0 or more
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