Read the Running Case found at the end of Chapter 4. Each student will complete tasks 1, 2, 3, 4 and 6 for this case project and submit here
Running Case
Note: Additional running cases are provided on the Companion website, including the Manage Your Health, Inc. case from the seventh edition of this text, now with updated tasks based on this
edition. Template files are also available on the Companion website. This running case starts
here and continues through Chapter 13. Tasks based on this case are explained in the following
Tasks section; throughout the book, these tasks will build on work done in previous chapters and
scenarios.
Economic inequality is a huge issue. A recent study found that the world’s 80 wealthiest
individuals own as much as the entire world’s poorest 3.5 billion people. The richest 1 percent of
the world’s population control half of the world’s total wealth.15 Many individuals, corporations,
charities, and government agencies have projects and programs in place to attempt to tackle
this and other important global issues such as sustainability, but there are many opportunities to do more.
A grassroots group of college students has decided to work together to do their part in making the world a better place. The students are from many different countries, and several of them met at global conferences, through study abroad experiences, or on various Internet groups. Strategic goals of this group include developing skills for both college students and for needy populations, sharing information on existing products and services that promote economic
growth and sustainability, and promoting entrepreneurship. Leaders of this group were reviewing some ideas for projects (all with a significant IT component) that they could do to support their strategic goals:
1. Global Treps: Many people are familiar with the television show called Shark Tank where entrepreneurs (sometimes called “treps”) present their business ideas to a group of investors or sharks. Several colleges, high schools, and even elementary schools throughout the world hold unique versions of a shark tank like event. You believe that creating a nonprofit organization with one central mobile-friendly website/application to assist groups in
organizing these types of events would spark even more entrepreneurs throughout the world. You would plan to hold several shark tank like events during the term of the project and create a site and applications to help continue developing more global treps. This site/ application would include the following capabilities:
• Provide guidelines and templates for running a shark tank type of event.
• Accept donations from potential investors targeted toward specific schools or organizations wishing to host an event (similar to the popular www.donorschoose.org site where people can fund teacher’s requests).
• Accept ideas for needed new products or services.
• Provide the ability for organizations to create their own custom site to solicit local participants and sharks, accept applications, and promote the winners as well as losers.
• Research ideas for a mechanism where a certain percentage of all donations and profits earned by contestants are donated back to the Global Treps organization.
• Provide an online version of the events by showing videos of contestants and live reactions of the sharks while also getting live inputs and donations from viewers.
2. Change the Laws Campaign: Launch a global campaign to change laws to reduce further income inequality and promote social responsibility. This project would also involve creating a mobile-friendly website/application that would include information about current and proposed laws, allow discussions of potential ideas to change laws, organize people to contact appropriate lawmakers, etc.
3. Wealthy Unite: Develop a system to enable the richest people in the world to provide their input on how they can make the world a better place. Provide information on what several people are currently doing (i.e., Bill Gates, Warren Buffet, famous celebrities, etc.) to promote philanthropy. Allow others to donate to suggested causes and recommend other ways to reduce economic inequality.
4. Global Smart Shoppers: Develop a mobile app and website that recommends products and services produced by organizations that promote social responsibility. Customize the app so it works in any country in the user’s desired language. Work with large companies that do not currently sell products or services in certain countries to expand to regions in need.
Allow small companies to easily add their products and services to the shopping network.
Tasks
1. Assignment Help – Summarize each of the proposed projects using a simple table format suitable for presentation to top management. Get custom essay samples and course-specific study resources via course hero homework for you service – Include the name of each project, identify how each one supports business strategies, assess the potential financial benefits and other benefits of each project, and provide your initial assessment of the value of each project. Ace my homework – Write your results in a one-to two-page memo to top management, including appropriate back-up information and calculations.
2. Evaluate the four projects by preparing a weighted scoring model using the template provided on the Companion website for this text. Develop at least four criteria, assign weights to each criterion, assign scores, and then calculate the weighted scores. Print the
spreadsheet and bar chart with the results. Also write a one-page paper that describes this weighted scoring model and the results.
3. Prepare a business case for the Global Treps project. Assume that the project will take six months to complete, use many volunteer hours, and cost about $130,000 for hardware,
software, travel, and labor. Use the business case template provided on the Companion website for this text. Be sure to research information on the television show and events held by colleges and other groups, which have been sparked by the need for more successful entrepreneurs. Also visit DonorsChoose.org to see how that site operates and look into steps for forming a non profit organization.
4. Prepare a draft project charter and an assumption log for the Global Treps project. Assume that the project will take six months to complete and have a budget of $130,000. Use the project charter template provided in this text and the sample project charter provided in Table 4-1 as guides. For the assumption log, document at least two assumptions including an assumption ID, date, source, category, description, and status. You will be the project manager, and Dr. K. will be the project sponsor. Other team members will include Bobby, Ashok, Kim, and Alfreda. You plan to hold four shark tank like events plus develop the Global
Treps site and application.
5. Start a lessons learned register to document knowledge learned on this project. Get custom essay samples and course-specific study resources via course hero homework for you service – Include la lessons learned ID, date, source, category, description, impact, recommendations, and proposed actions. Be creative in then making two entries.
6. Prepare a change request for the Global Treps project, using the template provided on the Companion website for this text. Assume that you have decided not to provide an online version of the show as it would be too much work for the initial project. Be creative when making up information.
***I attached text book for reference. Question is from Chapter-4*****
Need to complete given Tasks. I need help writing my essay – research paper take care of Plagiarism
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Case study:
The running case presented four potential projects for a group of college students aiming to make a positive global impact and support strategic goals related to developing skills, sharing sustainable and equitable solutions, and promoting entrepreneurship. To evaluate these proposed initiatives, I prepared a simple weighted scoring model comparing the projects across relevant criteria.
The four criteria used in the model were potential to achieve strategic goals, feasibility of implementation, financial sustainability, and social impact. Each was assigned a weight between 1-4 to reflect its relative importance to the organization’s objectives. The Global Treps and Global Smart Shoppers projects scored highest overall due to their potential to directly support skills development and entrepreneurship through interactive online platforms.
Specifically, the Global Treps proposal to create a centralized website and mobile application facilitating “shark tank” style pitch competitions at schools worldwide aligned well with developing entrepreneurial skills for students. Its financial model incorporating donations and revenue sharing also demonstrated stronger feasibility and sustainability than proposals relying solely on donations. Similarly, the Global Smart Shoppers app and website recommending sustainable products globally could economically empower small businesses while promoting more environmentally-friendly consumer choices.
While the Change the Laws Campaign and Wealthy Unite initiatives addressed important social issues, they faced greater challenges in terms of directly achieving the strategic goals within the scope of the initial projects. The weighted scoring model provided a structured means of comparing the multi-faceted proposals and identifying those with the strongest potential to realize the organization’s objectives through interactive digital platforms. Further research is still recommended before committing resources to any single initiative.
Project Name Business Strategy Supported Potential Financial Benefits Other Benefits Initial Assessment
Global Treps Developing skills for college students and needy populations, promoting entrepreneurship Donations from investors, percentage of profits from winning entrepreneurs’ businesses Increased entrepreneurship worldwide, economic growth in local communities High potential for supporting strategic goals through interactive platform and events
Change the Laws Campaign Sharing information on products/services that promote economic growth and sustainability N/A for initial project Increased civic engagement and advocacy on important issues Medium potential, may be challenging to enact significant legal changes
Wealthy Unite Sharing information on existing philanthropic efforts N/A for initial project Increased donations to important causes through networking wealthy individuals Medium potential, depends on participation of high-profile individuals
Global Smart Shoppers Promoting entrepreneurship and products/services that support sustainability Revenue from commissions/fees on referred purchases Economic opportunities for small businesses worldwide, more sustainable consumer choices High potential through customizable multi-lingual platform reaching global audiences
In summary, the Global Treps and Global Smart Shoppers projects appear to have the highest potential to directly support the strategic goals through interactive platforms and events that promote entrepreneurship and economic opportunities worldwide. The Change the Laws Campaign and Wealthy Unite projects may face greater challenges in achieving their objectives but could still raise awareness on important issues. Further research is recommended to fully evaluate feasibility and impact.
