Tag: Financial Accounting

  • [Solved] MBA Powerpoint

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    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) ## Overview You are the regional marketing director of a theme park in the southeastern United States that is part of a global brand. The chief marketing officer (CMO) of global operations has called upon you …

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    Assignment Prompt & Instructions

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)

    ## Overview

    You are the regional marketing director of a theme park in the southeastern United States that is part of a global brand. The chief marketing officer (CMO) of global operations has called upon you to help coordinate the marketing tasks related to rolling out an emergency response due to a recent safety and injury incident at one of the parks resulting in serious injuries to employees and customers. The parks were closed immediately following the incident to ensure safety measures for customers and employees and to deploy the needed safety measures.

    Now, as the theme park is all set to reopen, the CMO has called you to take a lead in planning the marketing strategy for the same. Your responsibility is to design a phased strategy for marketing and the reopening of all parks. Your strategy should address critical objectives such as maximum safety, crisis communication, customer satisfaction, and profit potential. You must coordinate marketing strategy with corporate strategy, as failure or success of the marketing strategy can have a direct impact on the brand.

    As a first step, you will perform an analysis to understand the implications of reopening on brand equity. In this analysis, you will identify the groups of stakeholders that are affected by the reopening and also plan the communication strategy for before and after the parks’ reopening. Also, you will identify the roles and responsibilities of key functional departments that are going to play an important role in the reopening process. This analysis will help you develop a strategic marketing plan to address the reopening of the park and also to develop an effective crisis communication plan.

    In this milestone, you will create a PowerPoint presentation that will include brand analysis and the implications of reopening on the brand equity and functional departments, including their roles and responsibilities in the reopening process.

    ## Prompt

    **Brand Analysis and Implications**—In this part of the project, you will present the brand implications of reopening the park in the course scenario. Your presentation should include the following critical factors:

    1. Determine the essential factors that can impact **brand equity** when reopening the park (Slides 1–3)

    1. Define brand equity and explain its importance to the organization (Slide 1).
    2. Provide positive implications (Slide 2):
    – Safety concerns addressed and communicated
    – Community and local government support for reopening
    – Employee support for reopening
    3. Provide negative implications (Slide 3):
    – Social media negative reactions
    – Employee negative concerns
    – Operational concerns for safety
    2. Describe the **strategic communication plan** that should occur before and after the park reopens. Your responses should address the following (Slides 4–8):

    1. Identify three key stakeholder groups from this list and describe each stakeholder’s interest in the organization:

    – Employees
    – Customers
    – Government agencies
    – Communities
    – Vendors
    2. Describe their communication needs.
    3. Identify the best mode for communicating with them based on their needs, including how you will take feedback from stakeholders.
    4. Describe what impact reopening the park could have on each identified stakeholder (low, medium, or high). Why?

    **Functional Departmental Roles and Responsibilities**—In this part of the project, you will identify the functional department and describe their roles and responsibilities in making the reopening of the park a success. Your presentation should include the following critical factors (Slides 9–12):

    1. Identify three **functional departments**, including marketing, which play a significant role in the reopening process. Consider which departments will be most engaged in the reopening process. Describe the **roles and responsibilities** of these functional departments in the safe and successful process of reopening the park (Slides 9-10).
    2. Select at least three **legal and ethical considerations** outlined in the memo from legal team. Explain why each of these considerations is important to factor in when reopening the park (Slides 11-12).

    ## What to Submit

    Submit a narrated PowerPoint presentation with 10–12 slides. Include precise and extensive speaker notes should be used to address all the critical elements in the presentation. Include APA7 style citations to support.

    Memo attached.

    – [\
    \
    Image1-24-25at11.53PM.jpeg](https://www.sweetstudy.com/files/image1-24-25at11-53pm-jpeg "Image1-24-25at11.53PM.jpeg")

    – 2 years ago

  • [Solved] GSCMW3SC

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    [>Operations Management homework help](https://www.sweetstudy.com/fields/business-finance-operations-management) – 2 years ago **files (1)** – ## GSCMCSC.docx **## GSCMCSC.docx** **Corporate Supp Writing Expectations:** · **Avoid simply pasting links to the companies’ websites. Instead, unpack the i…

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    Assignment Prompt & Instructions

    [>Operations Management homework help](https://www.sweetstudy.com/fields/business-finance-operations-management)

    – 2 years ago

    **files (1)**

    – ## GSCMCSC.docx

    **## GSCMCSC.docx**

    **Corporate Supp Writing Expectations:**

    ·
    **Avoid simply pasting links to the companies’ websites. Instead, unpack the information in your own words, highlighting specific details like supplier requirements or sustainability initiatives.**

    **lier Comparison**

    **This week, you will compare two major companies' supplier requirements. For example, if you are interested in becoming a supplier review the** [**Target**](https://www.sweetstudy.com/questions/Target) (https://corporate.target.com/sustainability-governance/responsible-supply-chains/suppliers)
    **and** [**Wal-Mart**](https://www.sweetstudy.com/questions/Wal-Mart%20() **(** [**https://corporate.walmart.com/suppliers**](https://corporate.walmart.com/suppliers) **) websites.**

    **In a 1 to 2-page minimum Word document, you will provide the following information:**

    ·
    **Brief overview of both organizations**

    ·
    **Supplier requirements**

    ·
    **How to apply to be a supplier**

    ·
    **Supplier diversity and Inclusion**

    ·
    **Sustainability and/or quality decrees**

    **Your paper should be written in APA format including title page, double space, headings, and references.**

    TIPS TO FOLLOW:

    Avoid copying and pasting from company websites; instead, provide a synthesized comparison.

    Focus on concise, well-organized content that meets the outlined expectations.

    **Mistakes to Avoid**:

    · Do not simply copy text from supplier websites or list links.

    · Ensure the comparison is analytical and showcases the student’s understanding of supply management principles.

    **Writing Expectations**:

    · Avoid simply pasting links to the companies’ websites. Instead, unpack the information in your own words, highlighting specific details like supplier requirements or sustainability initiatives.

    **## GSCMCSC.docx**

    **Corporate Supp Writing Expectations:**

    ·
    **Avoid simply pasting links to the companies’ websites. Instead, unpack the information in your own words, highlighting specific details like supplier requirements or sustainability initiatives.**

    **lier Comparison**

    **This week, you will compare two major companies' supplier requirements. For example, if you are interested in becoming a supplier review the** [**Target**](https://www.sweetstudy.com/questions/Target) (https://corporate.target.com/sustainability-governance/responsible-supply-chains/suppliers)
    **and** [**Wal-Mart**](https://www.sweetstudy.com/questions/Wal-Mart%20() **(** [**https://corporate.walmart.com/suppliers**](https://corporate.walmart.com/suppliers) **) websites.**

    **In a 1 to 2-page minimum Word document, you will provide the following information:**

    ·
    **Brief overview of both organizations**

    ·
    **Supplier requirements**

    ·
    **How to apply to be a supplier**

    ·
    **Supplier diversity and Inclusion**

    ·
    **Sustainability and/or quality decrees**

    **Your paper should be written in APA format including title page, double space, headings, and references.**

    TIPS TO FOLLOW:

    Avoid copying and pasting from company websites; instead, provide a synthesized comparison.

    Focus on concise, well-organized content that meets the outlined expectations.

    **Mistakes to Avoid**:

    · Do not simply copy text from supplier websites or list links.

    · Ensure the comparison is analytical and showcases the student’s understanding of supply management principles.

    **Writing Expectations**:

    · Avoid simply pasting links to the companies’ websites. Instead, unpack the information in your own words, highlighting specific details like supplier requirements or sustainability initiatives.

  • [Solved] Discussion – SKILLS APPROACH (LEADERSHIP)

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) ONLY SOURCE: Chapter 3 in the Leadership Textbook (ATTACHED) PAGE 68-90 & VIDEO A. WATCH VIDEO https://www.youtube.com/watch?v=iAgZQ53rC44 B. ANSWER QUESTIONS: 300 WORDS TOTAL 1. How can you use the concepts …

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    Assignment Prompt & Instructions

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)

    ONLY SOURCE: Chapter 3 in the Leadership Textbook (ATTACHED) PAGE 68-90 & VIDEO

    A. WATCH VIDEO

    https://www.youtube.com/watch?v=iAgZQ53rC44

    B. ANSWER QUESTIONS: 300 WORDS TOTAL

    1. How can you use the concepts discussed in your professional/personal life?

    2. How can the Skills Approach resolve the conflict in the video?

    3. What is one Skill you would prioritize for the leader to resolve the conflict in the video?

    NO AI-GENERATED ANSWERS

    – [\
    \
    BOOK.pdf](https://www.sweetstudy.com/files/book-pdf-10167407 "BOOK.pdf")

    – 2 years ago

  • [Solved] PHI 4302 III Case Study

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) – 2 years ago **files (2)** – ## BusinessPolicyandStrategyPHI4302_UnitIIICaseStudy.docx – ## UnitIIIStudyGuide.pdf **## BusinessPolicyandStrategyPHI4302_UnitIIICaseStudy.docx** 2 **Business Policy and Strate…

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    Assignment Prompt & Instructions

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)

    – 2 years ago

    **files (2)**

    – ## BusinessPolicyandStrategyPHI4302_UnitIIICaseStudy.docx

    – ## UnitIIIStudyGuide.pdf

    **## BusinessPolicyandStrategyPHI4302_UnitIIICaseStudy.docx**

    2

    **Business Policy and Strategy PHI 4302 Unit III Case Study**

    Select a
    _Fortune 500_ company and imagine that you work as a strategist for your selected company. As you read through the Required Unit Resources, pay close attention to your firm’s strategy, and write a case study analyzing the following points:

    · Examine your firm’s internal strengths and weaknesses. How can organizational relationships improve performance in the firm?

    · How does the firm’s growth fit into the firm’s mission and vision statements?

    · Who are your firm’s competitors?

    · Do you see your firm’s strategy as effective or ineffective? Why?

    Your completed case study must be at least two pages in length, and you must use your textbook as one reference, and the CSU library as a second reference. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.

    **## UnitIIIStudyGuide.pdf**

    BUS 4302, Business Policy and Strategy 1

    Course Learning Outcomes for Unit III

    Upon completion of this unit, students should be able to:

    3. Analyze external and internal audit processes.
    3.1 Examine a company’s internal and external strengths and weaknesses.

    8. Assess the strategy evaluation process.

    8.1 Determine the effectiveness of a business strategy.

    Required Unit Resources

    Chapter 3: The External Assessment

    Chapter 4: The Internal Assessment

    Unit Lesson

    External Assessments

    During this unit, we will explore the factors that impact an internal and external assessment. Let us begin with
    the external assessment. To effectively develop a successful strategic plan, the organization must be aware
    and adapt to the external environments. These environments include identifying and incorporating trends
    affecting their stakeholders. These trends can shift and be affected by the economy, competition, tax burdens,
    and many other factors.

    As an example, consider Chipotle Mexican Grill. Chipotle is a chain of about 1,700 restaurants in the United
    States and in several other countries. Chipotle Mexican Grill is considered as a fast, casual dining
    establishment whose vision statement is Food With Integrity. It extends many benefits to its salaried, part-
    time, and entry-level workers. It tries to meet society’s expectations for the humane treatment of animals.
    Unlike its competitors, it is experiencing revenue growth of about 20% a year. The restaurant sector grows
    about 1% annually. Consider the sustainability of the Chipotle business strategy that invests in its workers,
    promotes its managers from within, and insists on humane operations. Do you think it will be able to maintain
    its revenue growth in 5, 10, and 20 years in a changing economy and with potential new competitors? What
    strategies would you recommend for them?

    Let us also consider external assessments outside of the United States. What happens when a company has
    reached its fullest potential within the United States? Should they remain steady, or should they seek global
    opportunities? Many organizations to include retailers, fast food, and other entities have expanded
    internationally to grow their companies. Examples include Starbucks, McDonalds, and Walmart, which can be
    found in many different countries. In addition, you may notice outside companies expanding within the United
    States. A prime example is Ikea, who continuously grows their North American operations. Organizations also
    consider the economic outlook before proceeding with development in a country. For example, China has had
    a decade long economic boom, and many corporations have taken this opportunity to expand into new
    territories, thus increasing our overall reliance on a global-based community.

    Other external factors often affecting a corporation include political, governmental, and legal challenges both
    domestically and abroad. One issue with a clear divide is minimum wage and a living wage. The minimum
    wage is determined by the government, while a living wage can be influenced by the corporation and other
    competing factors. Another governmental external factor is the Health care Reform Act, which requires
    corporations to provide health insurance for their employees. This cost can be expensive to the company and

    UNIT III STUDY GUIDE
    External and Internal Assessment

    BUS 4302, Business Policy and Strategy 2

    UNIT x STUDY GUIDE
    Title

    is generally passed on to consumers and also may decrease the overall salary of the employee. Another
    challenge is deciphering whether to tax or not to tax Internet commerce. Many states feel they are losing out
    on needed revenue due to the tax-free association with Internet sales. Some states have lobbied and passed
    bills to formally tax all internet sales transactions. Amazon.com has been an opponent of taxation but must
    abide by the state requirements.

    As we have learned, the external assessment can be a very powerful tool if approached with the correct
    perspective. If the external assessment is used in a punitive way to restructure leadership or redesign the
    business structure, we have missed the boat on the real power of the external assessment. As leaders, we
    need to have a general understanding of the industry and be able to identify areas in which competitors are
    vulnerable and be able to predict potential moves that competitors might make that could be a threat to us.
    Successful businesses are constantly looking in the rear-view mirror while, at the same time, looking well into
    the economic future (David et al., 2020). The key is to constantly be aware of the needs of the customer.

    Internal Assessments

    There is not a one size fits all related to an internal assessment of an organization. There are multiple types of
    organizations to include colleges, hospitals, retailers, and government. These entities all function differently
    and often need a customized assessment to truly assess their performance. An internal audit is the
    organization’s self-evaluation of their strength and weaknesses. The audit can better illustrate how an
    organization’s departments are incorporated and how modifications and updates can be implemented. It is
    also just as important to ensure the organization properly communicates their intent and expectations of an
    audit to their employees.

    Every organization has an organizational culture. Let us use an example of the U.S. Armed Forces; the Army
    and Air Force have a very distinctive culture, even though they are both on the same side and work toward
    the same goals. An organizational culture is defined by a pattern of behavior that an organization has
    developed to handle a problem or external threat. New members coming into the organization will often be
    integrated into the organization’s culture, thus continuing the pattern of behavior. These examples include
    ceremonial, values, beliefs, and rituals.

    Management and Marketing

    There are five main characteristics related to the activities of management. These include planning,
    organizing, motivating, staffing, and controlling.

    Function Description Stage of Strategic
    Management

    Example

    Planning Preparing for the
    future

    Strategy formulation Planning for the next release of a product or
    service

    Organizing Job description,
    control and
    coordination

    Strategy
    implementation

    Coordinating the efforts to release the product
    to include where and how

    Motivating Shaping human
    behaviors

    Strategy
    implementation

    Encouraging the company’s sales associates
    to become excited and motivated by the
    release of the new product—this excitement
    will trickle down to the consumer and other
    stakeholders.

    Staffing Human resource
    management

    Strategy
    implementation

    Identifying the right personnel for the
    organization to include implementers,
    managers, and leaders

    Controlling Results oriented,
    rewards, sanctions

    Strategy evaluation Identifying goals and rewards for top
    salesperson(s) for the new product release

    Marketing

    Marketing includes the process of creating and fulfilling a customer’s needs and wants for a particular service
    or product. Let us use an example of the energy drink Red Bull. Who are the commercials targeting for this
    beverage? The target audience can be a demographic of adventurous young adults who are seeking new

    BUS 4302, Business Policy and Strategy 3

    UNIT x STUDY GUIDE
    Title

    challenges. The commercials promote that Red Bull “gives you wings,” thus you will feel a huge rush of
    energy and will have the ability to keep going well into the night. Red Bull must also consider pricing and
    distribution in an effort to remain relevant and profitable. For example, do you feel Red Bull would be a drink
    of choice at an affluent sushi bar, or would this drink be more appropriate at a sporting venue or a late-night
    concert?

    Reference

    David, F. R., David, F. R., & David, M. E. (2020). Strategic management: A competitive advantage approach,

    concepts and cases (17th ed.). Pearson. https://online.vitalsource.com/#/books/9780135203736

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    The chapter presentations below will provide you with additional information on this unit’s concepts.

    Access the Chapter 3 Presentation.
    Access the PDF version of the Chapter 3 Presentation.

    Access the Chapter 4 Presentation.
    Access the PDF version of the Chapter 4 Presentation.

    **## UnitIIIStudyGuide.pdf**

    BUS 4302, Business Policy and Strategy 1

    Course Learning Outcomes for Unit III

    Upon completion of this unit, students should be able to:

    3. Analyze external and internal audit processes.
    3.1 Examine a company’s internal and external strengths and weaknesses.

    8. Assess the strategy evaluation process.

    8.1 Determine the effectiveness of a business strategy.

    Required Unit Resources

    Chapter 3: The External Assessment

    Chapter 4: The Internal Assessment

    Unit Lesson

    External Assessments

    During this unit, we will explore the factors that impact an internal and external assessment. Let us begin with
    the external assessment. To effectively develop a successful strategic plan, the organization must be aware
    and adapt to the external environments. These environments include identifying and incorporating trends
    affecting their stakeholders. These trends can shift and be affected by the economy, competition, tax burdens,
    and many other factors.

    As an example, consider Chipotle Mexican Grill. Chipotle is a chain of about 1,700 restaurants in the United
    States and in several other countries. Chipotle Mexican Grill is considered as a fast, casual dining
    establishment whose vision statement is Food With Integrity. It extends many benefits to its salaried, part-
    time, and entry-level workers. It tries to meet society’s expectations for the humane treatment of animals.
    Unlike its competitors, it is experiencing revenue growth of about 20% a year. The restaurant sector grows
    about 1% annually. Consider the sustainability of the Chipotle business strategy that invests in its workers,
    promotes its managers from within, and insists on humane operations. Do you think it will be able to maintain
    its revenue growth in 5, 10, and 20 years in a changing economy and with potential new competitors? What
    strategies would you recommend for them?

    Let us also consider external assessments outside of the United States. What happens when a company has
    reached its fullest potential within the United States? Should they remain steady, or should they seek global
    opportunities? Many organizations to include retailers, fast food, and other entities have expanded
    internationally to grow their companies. Examples include Starbucks, McDonalds, and Walmart, which can be
    found in many different countries. In addition, you may notice outside companies expanding within the United
    States. A prime example is Ikea, who continuously grows their North American operations. Organizations also
    consider the economic outlook before proceeding with development in a country. For example, China has had
    a decade long economic boom, and many corporations have taken this opportunity to expand into new
    territories, thus increasing our overall reliance on a global-based community.

    Other external factors often affecting a corporation include political, governmental, and legal challenges both
    domestically and abroad. One issue with a clear divide is minimum wage and a living wage. The minimum
    wage is determined by the government, while a living wage can be influenced by the corporation and other
    competing factors. Another governmental external factor is the Health care Reform Act, which requires
    corporations to provide health insurance for their employees. This cost can be expensive to the company and

    UNIT III STUDY GUIDE
    External and Internal Assessment

    BUS 4302, Business Policy and Strategy 2

    UNIT x STUDY GUIDE
    Title

    is generally passed on to consumers and also may decrease the overall salary of the employee. Another
    challenge is deciphering whether to tax or not to tax Internet commerce. Many states feel they are losing out
    on needed revenue due to the tax-free association with Internet sales. Some states have lobbied and passed
    bills to formally tax all internet sales transactions. Amazon.com has been an opponent of taxation but must
    abide by the state requirements.

    As we have learned, the external assessment can be a very powerful tool if approached with the correct
    perspective. If the external assessment is used in a punitive way to restructure leadership or redesign the
    business structure, we have missed the boat on the real power of the external assessment. As leaders, we
    need to have a general understanding of the industry and be able to identify areas in which competitors are
    vulnerable and be able to predict potential moves that competitors might make that could be a threat to us.
    Successful businesses are constantly looking in the rear-view mirror while, at the same time, looking well into
    the economic future (David et al., 2020). The key is to constantly be aware of the needs of the customer.

    Internal Assessments

    There is not a one size fits all related to an internal assessment of an organization. There are multiple types of
    organizations to include colleges, hospitals, retailers, and government. These entities all function differently
    and often need a customized assessment to truly assess their performance. An internal audit is the
    organization’s self-evaluation of their strength and weaknesses. The audit can better illustrate how an
    organization’s departments are incorporated and how modifications and updates can be implemented. It is
    also just as important to ensure the organization properly communicates their intent and expectations of an
    audit to their employees.

    Every organization has an organizational culture. Let us use an example of the U.S. Armed Forces; the Army
    and Air Force have a very distinctive culture, even though they are both on the same side and work toward
    the same goals. An organizational culture is defined by a pattern of behavior that an organization has
    developed to handle a problem or external threat. New members coming into the organization will often be
    integrated into the organization’s culture, thus continuing the pattern of behavior. These examples include
    ceremonial, values, beliefs, and rituals.

    Management and Marketing

    There are five main characteristics related to the activities of management. These include planning,
    organizing, motivating, staffing, and controlling.

    Function Description Stage of Strategic
    Management

    Example

    Planning Preparing for the
    future

    Strategy formulation Planning for the next release of a product or
    service

    Organizing Job description,
    control and
    coordination

    Strategy
    implementation

    Coordinating the efforts to release the product
    to include where and how

    Motivating Shaping human
    behaviors

    Strategy
    implementation

    Encouraging the company’s sales associates
    to become excited and motivated by the
    release of the new product—this excitement
    will trickle down to the consumer and other
    stakeholders.

    Staffing Human resource
    management

    Strategy
    implementation

    Identifying the right personnel for the
    organization to include implementers,
    managers, and leaders

    Controlling Results oriented,
    rewards, sanctions

    Strategy evaluation Identifying goals and rewards for top
    salesperson(s) for the new product release

    Marketing

    Marketing includes the process of creating and fulfilling a customer’s needs and wants for a particular service
    or product. Let us use an example of the energy drink Red Bull. Who are the commercials targeting for this
    beverage? The target audience can be a demographic of adventurous young adults who are seeking new

    BUS 4302, Business Policy and Strategy 3

    UNIT x STUDY GUIDE
    Title

    challenges. The commercials promote that Red Bull “gives you wings,” thus you will feel a huge rush of
    energy and will have the ability to keep going well into the night. Red Bull must also consider pricing and
    distribution in an effort to remain relevant and profitable. For example, do you feel Red Bull would be a drink
    of choice at an affluent sushi bar, or would this drink be more appropriate at a sporting venue or a late-night
    concert?

    Reference

    David, F. R., David, F. R., & David, M. E. (2020). Strategic management: A competitive advantage approach,

    concepts and cases (17th ed.). Pearson. https://online.vitalsource.com/#/books/9780135203736

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    The chapter presentations below will provide you with additional information on this unit’s concepts.

    Access the Chapter 3 Presentation.
    Access the PDF version of the Chapter 3 Presentation.

    Access the Chapter 4 Presentation.
    Access the PDF version of the Chapter 4 Presentation.

    **## BusinessPolicyandStrategyPHI4302_UnitIIICaseStudy.docx**

    2

    **Business Policy and Strategy PHI 4302 Unit III Case Study**

    Select a
    _Fortune 500_ company and imagine that you work as a strategist for your selected company. As you read through the Required Unit Resources, pay close attention to your firm’s strategy, and write a case study analyzing the following points:

    · Examine your firm’s internal strengths and weaknesses. How can organizational relationships improve performance in the firm?

    · How does the firm’s growth fit into the firm’s mission and vision statements?

    · Who are your firm’s competitors?

    · Do you see your firm’s strategy as effective or ineffective? Why?

    Your completed case study must be at least two pages in length, and you must use your textbook as one reference, and the CSU library as a second reference. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.

    **## UnitIIIStudyGuide.pdf**

    BUS 4302, Business Policy and Strategy 1

    Course Learning Outcomes for Unit III

    Upon completion of this unit, students should be able to:

    3. Analyze external and internal audit processes.
    3.1 Examine a company’s internal and external strengths and weaknesses.

    8. Assess the strategy evaluation process.

    8.1 Determine the effectiveness of a business strategy.

    Required Unit Resources

    Chapter 3: The External Assessment

    Chapter 4: The Internal Assessment

    Unit Lesson

    External Assessments

    During this unit, we will explore the factors that impact an internal and external assessment. Let us begin with
    the external assessment. To effectively develop a successful strategic plan, the organization must be aware
    and adapt to the external environments. These environments include identifying and incorporating trends
    affecting their stakeholders. These trends can shift and be affected by the economy, competition, tax burdens,
    and many other factors.

    As an example, consider Chipotle Mexican Grill. Chipotle is a chain of about 1,700 restaurants in the United
    States and in several other countries. Chipotle Mexican Grill is considered as a fast, casual dining
    establishment whose vision statement is Food With Integrity. It extends many benefits to its salaried, part-
    time, and entry-level workers. It tries to meet society’s expectations for the humane treatment of animals.
    Unlike its competitors, it is experiencing revenue growth of about 20% a year. The restaurant sector grows
    about 1% annually. Consider the sustainability of the Chipotle business strategy that invests in its workers,
    promotes its managers from within, and insists on humane operations. Do you think it will be able to maintain
    its revenue growth in 5, 10, and 20 years in a changing economy and with potential new competitors? What
    strategies would you recommend for them?

    Let us also consider external assessments outside of the United States. What happens when a company has
    reached its fullest potential within the United States? Should they remain steady, or should they seek global
    opportunities? Many organizations to include retailers, fast food, and other entities have expanded
    internationally to grow their companies. Examples include Starbucks, McDonalds, and Walmart, which can be
    found in many different countries. In addition, you may notice outside companies expanding within the United
    States. A prime example is Ikea, who continuously grows their North American operations. Organizations also
    consider the economic outlook before proceeding with development in a country. For example, China has had
    a decade long economic boom, and many corporations have taken this opportunity to expand into new
    territories, thus increasing our overall reliance on a global-based community.

    Other external factors often affecting a corporation include political, governmental, and legal challenges both
    domestically and abroad. One issue with a clear divide is minimum wage and a living wage. The minimum
    wage is determined by the government, while a living wage can be influenced by the corporation and other
    competing factors. Another governmental external factor is the Health care Reform Act, which requires
    corporations to provide health insurance for their employees. This cost can be expensive to the company and

    UNIT III STUDY GUIDE
    External and Internal Assessment

    BUS 4302, Business Policy and Strategy 2

    UNIT x STUDY GUIDE
    Title

    is generally passed on to consumers and also may decrease the overall salary of the employee. Another
    challenge is deciphering whether to tax or not to tax Internet commerce. Many states feel they are losing out
    on needed revenue due to the tax-free association with Internet sales. Some states have lobbied and passed
    bills to formally tax all internet sales transactions. Amazon.com has been an opponent of taxation but must
    abide by the state requirements.

    As we have learned, the external assessment can be a very powerful tool if approached with the correct
    perspective. If the external assessment is used in a punitive way to restructure leadership or redesign the
    business structure, we have missed the boat on the real power of the external assessment. As leaders, we
    need to have a general understanding of the industry and be able to identify areas in which competitors are
    vulnerable and be able to predict potential moves that competitors might make that could be a threat to us.
    Successful businesses are constantly looking in the rear-view mirror while, at the same time, looking well into
    the economic future (David et al., 2020). The key is to constantly be aware of the needs of the customer.

    Internal Assessments

    There is not a one size fits all related to an internal assessment of an organization. There are multiple types of
    organizations to include colleges, hospitals, retailers, and government. These entities all function differently
    and often need a customized assessment to truly assess their performance. An internal audit is the
    organization’s self-evaluation of their strength and weaknesses. The audit can better illustrate how an
    organization’s departments are incorporated and how modifications and updates can be implemented. It is
    also just as important to ensure the organization properly communicates their intent and expectations of an
    audit to their employees.

    Every organization has an organizational culture. Let us use an example of the U.S. Armed Forces; the Army
    and Air Force have a very distinctive culture, even though they are both on the same side and work toward
    the same goals. An organizational culture is defined by a pattern of behavior that an organization has
    developed to handle a problem or external threat. New members coming into the organization will often be
    integrated into the organization’s culture, thus continuing the pattern of behavior. These examples include
    ceremonial, values, beliefs, and rituals.

    Management and Marketing

    There are five main characteristics related to the activities of management. These include planning,
    organizing, motivating, staffing, and controlling.

    Function Description Stage of Strategic
    Management

    Example

    Planning Preparing for the
    future

    Strategy formulation Planning for the next release of a product or
    service

    Organizing Job description,
    control and
    coordination

    Strategy
    implementation

    Coordinating the efforts to release the product
    to include where and how

    Motivating Shaping human
    behaviors

    Strategy
    implementation

    Encouraging the company’s sales associates
    to become excited and motivated by the
    release of the new product—this excitement
    will trickle down to the consumer and other
    stakeholders.

    Staffing Human resource
    management

    Strategy
    implementation

    Identifying the right personnel for the
    organization to include implementers,
    managers, and leaders

    Controlling Results oriented,
    rewards, sanctions

    Strategy evaluation Identifying goals and rewards for top
    salesperson(s) for the new product release

    Marketing

    Marketing includes the process of creating and fulfilling a customer’s needs and wants for a particular service
    or product. Let us use an example of the energy drink Red Bull. Who are the commercials targeting for this
    beverage? The target audience can be a demographic of adventurous young adults who are seeking new

    BUS 4302, Business Policy and Strategy 3

    UNIT x STUDY GUIDE
    Title

    challenges. The commercials promote that Red Bull “gives you wings,” thus you will feel a huge rush of
    energy and will have the ability to keep going well into the night. Red Bull must also consider pricing and
    distribution in an effort to remain relevant and profitable. For example, do you feel Red Bull would be a drink
    of choice at an affluent sushi bar, or would this drink be more appropriate at a sporting venue or a late-night
    concert?

    Reference

    David, F. R., David, F. R., & David, M. E. (2020). Strategic management: A competitive advantage approach,

    concepts and cases (17th ed.). Pearson. https://online.vitalsource.com/#/books/9780135203736

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    The chapter presentations below will provide you with additional information on this unit’s concepts.

    Access the Chapter 3 Presentation.
    Access the PDF version of the Chapter 3 Presentation.

    Access the Chapter 4 Presentation.
    Access the PDF version of the Chapter 4 Presentation.

    **## BusinessPolicyandStrategyPHI4302_UnitIIICaseStudy.docx**

    2

    **Business Policy and Strategy PHI 4302 Unit III Case Study**

    Select a
    _Fortune 500_ company and imagine that you work as a strategist for your selected company. As you read through the Required Unit Resources, pay close attention to your firm’s strategy, and write a case study analyzing the following points:

    · Examine your firm’s internal strengths and weaknesses. How can organizational relationships improve performance in the firm?

    · How does the firm’s growth fit into the firm’s mission and vision statements?

    · Who are your firm’s competitors?

    · Do you see your firm’s strategy as effective or ineffective? Why?

    Your completed case study must be at least two pages in length, and you must use your textbook as one reference, and the CSU library as a second reference. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.

    **## UnitIIIStudyGuide.pdf**

    BUS 4302, Business Policy and Strategy 1

    Course Learning Outcomes for Unit III

    Upon completion of this unit, students should be able to:

    3. Analyze external and internal audit processes.
    3.1 Examine a company’s internal and external strengths and weaknesses.

    8. Assess the strategy evaluation process.

    8.1 Determine the effectiveness of a business strategy.

    Required Unit Resources

    Chapter 3: The External Assessment

    Chapter 4: The Internal Assessment

    Unit Lesson

    External Assessments

    During this unit, we will explore the factors that impact an internal and external assessment. Let us begin with
    the external assessment. To effectively develop a successful strategic plan, the organization must be aware
    and adapt to the external environments. These environments include identifying and incorporating trends
    affecting their stakeholders. These trends can shift and be affected by the economy, competition, tax burdens,
    and many other factors.

    As an example, consider Chipotle Mexican Grill. Chipotle is a chain of about 1,700 restaurants in the United
    States and in several other countries. Chipotle Mexican Grill is considered as a fast, casual dining
    establishment whose vision statement is Food With Integrity. It extends many benefits to its salaried, part-
    time, and entry-level workers. It tries to meet society’s expectations for the humane treatment of animals.
    Unlike its competitors, it is experiencing revenue growth of about 20% a year. The restaurant sector grows
    about 1% annually. Consider the sustainability of the Chipotle business strategy that invests in its workers,
    promotes its managers from within, and insists on humane operations. Do you think it will be able to maintain
    its revenue growth in 5, 10, and 20 years in a changing economy and with potential new competitors? What
    strategies would you recommend for them?

    Let us also consider external assessments outside of the United States. What happens when a company has
    reached its fullest potential within the United States? Should they remain steady, or should they seek global
    opportunities? Many organizations to include retailers, fast food, and other entities have expanded
    internationally to grow their companies. Examples include Starbucks, McDonalds, and Walmart, which can be
    found in many different countries. In addition, you may notice outside companies expanding within the United
    States. A prime example is Ikea, who continuously grows their North American operations. Organizations also
    consider the economic outlook before proceeding with development in a country. For example, China has had
    a decade long economic boom, and many corporations have taken this opportunity to expand into new
    territories, thus increasing our overall reliance on a global-based community.

    Other external factors often affecting a corporation include political, governmental, and legal challenges both
    domestically and abroad. One issue with a clear divide is minimum wage and a living wage. The minimum
    wage is determined by the government, while a living wage can be influenced by the corporation and other
    competing factors. Another governmental external factor is the Health care Reform Act, which requires
    corporations to provide health insurance for their employees. This cost can be expensive to the company and

    UNIT III STUDY GUIDE
    External and Internal Assessment

    BUS 4302, Business Policy and Strategy 2

    UNIT x STUDY GUIDE
    Title

    is generally passed on to consumers and also may decrease the overall salary of the employee. Another
    challenge is deciphering whether to tax or not to tax Internet commerce. Many states feel they are losing out
    on needed revenue due to the tax-free association with Internet sales. Some states have lobbied and passed
    bills to formally tax all internet sales transactions. Amazon.com has been an opponent of taxation but must
    abide by the state requirements.

    As we have learned, the external assessment can be a very powerful tool if approached with the correct
    perspective. If the external assessment is used in a punitive way to restructure leadership or redesign the
    business structure, we have missed the boat on the real power of the external assessment. As leaders, we
    need to have a general understanding of the industry and be able to identify areas in which competitors are
    vulnerable and be able to predict potential moves that competitors might make that could be a threat to us.
    Successful businesses are constantly looking in the rear-view mirror while, at the same time, looking well into
    the economic future (David et al., 2020). The key is to constantly be aware of the needs of the customer.

    Internal Assessments

    There is not a one size fits all related to an internal assessment of an organization. There are multiple types of
    organizations to include colleges, hospitals, retailers, and government. These entities all function differently
    and often need a customized assessment to truly assess their performance. An internal audit is the
    organization’s self-evaluation of their strength and weaknesses. The audit can better illustrate how an
    organization’s departments are incorporated and how modifications and updates can be implemented. It is
    also just as important to ensure the organization properly communicates their intent and expectations of an
    audit to their employees.

    Every organization has an organizational culture. Let us use an example of the U.S. Armed Forces; the Army
    and Air Force have a very distinctive culture, even though they are both on the same side and work toward
    the same goals. An organizational culture is defined by a pattern of behavior that an organization has
    developed to handle a problem or external threat. New members coming into the organization will often be
    integrated into the organization’s culture, thus continuing the pattern of behavior. These examples include
    ceremonial, values, beliefs, and rituals.

    Management and Marketing

    There are five main characteristics related to the activities of management. These include planning,
    organizing, motivating, staffing, and controlling.

    Function Description Stage of Strategic
    Management

    Example

    Planning Preparing for the
    future

    Strategy formulation Planning for the next release of a product or
    service

    Organizing Job description,
    control and
    coordination

    Strategy
    implementation

    Coordinating the efforts to release the product
    to include where and how

    Motivating Shaping human
    behaviors

    Strategy
    implementation

    Encouraging the company’s sales associates
    to become excited and motivated by the
    release of the new product—this excitement
    will trickle down to the consumer and other
    stakeholders.

    Staffing Human resource
    management

    Strategy
    implementation

    Identifying the right personnel for the
    organization to include implementers,
    managers, and leaders

    Controlling Results oriented,
    rewards, sanctions

    Strategy evaluation Identifying goals and rewards for top
    salesperson(s) for the new product release

    Marketing

    Marketing includes the process of creating and fulfilling a customer’s needs and wants for a particular service
    or product. Let us use an example of the energy drink Red Bull. Who are the commercials targeting for this
    beverage? The target audience can be a demographic of adventurous young adults who are seeking new

    BUS 4302, Business Policy and Strategy 3

    UNIT x STUDY GUIDE
    Title

    challenges. The commercials promote that Red Bull “gives you wings,” thus you will feel a huge rush of
    energy and will have the ability to keep going well into the night. Red Bull must also consider pricing and
    distribution in an effort to remain relevant and profitable. For example, do you feel Red Bull would be a drink
    of choice at an affluent sushi bar, or would this drink be more appropriate at a sporting venue or a late-night
    concert?

    Reference

    David, F. R., David, F. R., & David, M. E. (2020). Strategic management: A competitive advantage approach,

    concepts and cases (17th ed.). Pearson. https://online.vitalsource.com/#/books/9780135203736

    Suggested Unit Resources

    In order to access the following resources, click the links below.

    The chapter presentations below will provide you with additional information on this unit’s concepts.

    Access the Chapter 3 Presentation.
    Access the PDF version of the Chapter 3 Presentation.

    Access the Chapter 4 Presentation.
    Access the PDF version of the Chapter 4 Presentation.

  • [Solved] ECOCB/535: The Digital Economy

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    [>Economics homework help](https://www.sweetstudy.com/fields/business-finance-economics) Why do economies develop differently? Economics, politics, and culture can all play a role. For this assessment, you’ll create a presentation to compare the development of 2 different countries or economies sinc…

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    [>Economics homework help](https://www.sweetstudy.com/fields/business-finance-economics)

    Why do economies develop differently? Economics, politics, and culture can all play a role. For this assessment, you’ll create a presentation to compare the development of 2 different countries or economies since 1992.

    **Step 1: Select 2 Economies**

    **Review** the pairs of economies listed below. Except for NAFTA/EU, each pair has 1 highly successful country and 1 less successful country.

    – NAFTA vs. European Union (the world’s two largest economic entities)
    – China vs. India (the world’s two most populous countries)
    – South Korea vs. North Korea (two polar economic opposites, one people)
    – Venezuela vs. Saudi Arabia (the world’s two largest sources of oil reserves)
    – Nigeria vs. Democratic Republic of the Congo (functioning government and civil order vs. struggling government and violent clashes among factions; note: the Republic of the Congo is not the same country as the Democratic Republic of the Congo)

    **Research** the economies of your chosen pair.

    **Compare** similarities and differences between the economies.

    **Step 2: Create a Presentation**

    **Create** a 12- to 16-slide presentation about the two economies. Explain how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.

    **Include** tables and graphs in your presentation. Use these visual elements to support your analysis of the following economic statistics/indicators for your 2 chosen economies. Show data from 2009 through the most recent year available (the trough of the last economic cycle). Whenever possible, plot the metric for both economies on the same chart.

    – GDP per capita growth over time
    – Inflation rate over time
    – Unemployment rate over time
    – Exports as a percentage of GDP over time
    – National government debt as a percentage of GDP

    **Evaluate** the reasons why the economic growth of the 2 economies/countries differed. Discuss how international trade influenced the strength of each economy. Discuss the role of value chains and value-added production.

    **Analyze** how the failure to use value-added trade measures distorts trade statistics.

    **Examine** at least 2 industries that have given each economy a comparative advantage in world trade.

    **Include** detailed speaker’s notes in your presentation.

    – 2 years ago

  • [Solved] Sports

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    1. **Introduction** – ○ Briefly introduce being a Chief financial officer of a football club – ○ Highlight the purpose of the report, covering how it integrates personal branding, career strategy, and role analysis. 2. **Personal Brand Implementation:** – ○ Discuss the creation and implementation of…

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    Assignment Prompt & Instructions

    1. **Introduction**

    – ○  Briefly introduce being a Chief financial officer of a football club
    – ○  Highlight the purpose of the report, covering how it integrates personal branding, career strategy, and role analysis.
    2. **Personal Brand Implementation:**

    – ○  Discuss the creation and implementation of two content pieces (e.g., LinkedIn posts, articles) related to your chosen role.
    – ○  Reflect on the engagement and feedback received from these posts.
    3. **In-Depth Role Analysis**

    – ○  Conduct an in-depth analysis of a job in the sports industry. This could include interviews, job shadowing, or networking insights.
    – ○  Analyze the key responsibilities, challenges, and success factors.
    4. **Career Development Portfolio**

    ○ Compile a portfolio that includes a summary of your LinkedIn profile, branding strategy, networking plan, and role analysis. Include any relevant

    certifications or interviews conducted.

    **Action Plan**

    ○ Develop a clear, practical action plan for securing your desired job in the sports industry. This should include strategies for skill development, networking, and gaining relevant experience.

    6. **Conclusion**

    ○ Summarize your learnings, reflecting on the key takeaways from the project and how you plan to apply the insights moving forward.

    – 2 years ago

  • [Solved] Business

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    – [\ \ IMG_1095.png](https://www.sweetstudy.com/files/img-1095-png "IMG_1095.png") – [\ \ IMG_1096.png](https://www.sweetstudy.com/files/img-1096-png "IMG_1096.png") – 2 years ago

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    Assignment Prompt & Instructions

    – [\
    \
    IMG_1095.png](https://www.sweetstudy.com/files/img-1095-png "IMG_1095.png")
    – [\
    \
    IMG_1096.png](https://www.sweetstudy.com/files/img-1096-png "IMG_1096.png")

    – 2 years ago

  • [Solved] week 4 assgnment

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    [>Operations Management homework help](https://www.sweetstudy.com/fields/business-finance-operations-management) evaluate the business environments and practices of selected companies. – 2 years ago

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    [>Operations Management homework help](https://www.sweetstudy.com/fields/business-finance-operations-management)

    evaluate the business environments and practices of selected companies.

    – 2 years ago

  • [Solved] W2 video

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    [>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting) – 2 years ago **files (1)** – ## W2video.docx **## W2video.docx** Instructions: **Due by midnight on Sunday.** 3 paragraphs APA format and scholarly sources For your initial post, what did you find interesting…

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    [>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting)

    – 2 years ago

    **files (1)**

    – ## W2video.docx

    **## W2video.docx**

    Instructions:
    **Due by midnight on Sunday.**

    3 paragraphs APA format and scholarly sources

    For your initial post, what did you find interesting about the video?  Do you feel there are further improvements that can be made to COSO beyond what was done in 2013?  Justify your answer.

    [All About the COSO Framework](https://www.youtube.com/watch?v=gFjBtWsXjvY&t=23s)

    **## W2video.docx**

    Instructions:
    **Due by midnight on Sunday.**

    3 paragraphs APA format and scholarly sources

    For your initial post, what did you find interesting about the video?  Do you feel there are further improvements that can be made to COSO beyond what was done in 2013?  Justify your answer.

    [All About the COSO Framework](https://www.youtube.com/watch?v=gFjBtWsXjvY&t=23s)

  • [Solved] W2 case

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    [>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting) – 2 years ago **files (2)** – ## W2caseinsdocx.docx – ## us-dfdtn-18-10-case-antelope-run-inc.pdf **## W2caseinsdocx.docx** Instructions: **Due by midnight on Sunday.** 3 pages APA format and scholarly sources…

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    [>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting)

    – 2 years ago

    **files (2)**

    – ## W2caseinsdocx.docx

    – ## us-dfdtn-18-10-case-antelope-run-inc.pdf

    **## W2caseinsdocx.docx**

    Instructions:
    **Due by midnight on Sunday.**

    3 pages APA format and scholarly sources

    1. Evaluate the sufficiency of audit documentation, improvements to audit documentation, and key considerations for each of the following components of the audit documentation performed by the engagement team:

    • Component A — Control Description

    • Component B — Test of Design

    • Component C — Evaluation of Design

    • Component D — Test of Operating Effectiveness

    2. What are your observations regarding the sufficiency of the audit documentation?

    3. What specific improvements would you make to the audit documentation?

    4. What are some key points to remember when performing and documenting control procedures specific to each component

    5. What are the ethical issues that need to be considered? (this question is in addition to the ones at the end of the case)

    Your paper should be a minimum of 3 pages (not including the cover sheet and references) and follow APA guidelines.

    **## us-dfdtn-18-10-case-antelope-run-inc.pdf**

    Copyright 2020 Deloitte Development LLC
    All Rights Reserved.

    Case 18-10

    Antelope Run Inc.

    Antelope Run Inc. (Antelope) is a manufacturer of health and fitness products. The
    following is an excerpt of the process narrative that management provided to the audit
    engagement team for one of its reporting units, Fit Stride, which produces wearable
    fitness trackers. Read the narrative and complete the required discussions that follow.

    Annual Forecasting Process — Overview

    On an annual basis, during the month of September, Antelope prepares a revenue forecast
    for the fitness trackers reporting unit that includes projected revenue by product for the
    next five years. The preparation of the revenue forecast is owned by the Fit Stride
    director of sales and marketing (the “Director”), who relies on input from the sales
    managers, each of whom oversees sales of all Fit Stride products (Fit Band, Fit Clip, and
    Fit Belt) in their respective regions. The sales managers’ input includes information on
    the following:

    • The timing of new product launches.

    • The price point for new products.

    • Planned price changes in existing products.

    • Customer relationship status.

    • Customer demand cycles.

    • Customer strategic plans, such as plans to add additional retail locations, customer
    contract terms, and historical sales trends by customer.

    Once the Director receives input from the sales managers, the revenue forecast is
    developed on a product-by-product basis using historical sales data for existing products
    or, for new product launches, historical sales data for similar products, in addition to the
    input provided by the sales managers as outlined above. The historical sales data used is
    disaggregated at the customer level. The Director also uses industry data to refine the
    revenue forecast, including data on the manufacture and retail of wearable fitness
    trackers. Example sources include analyst reports for peer companies, analyst reports for
    significant customers, and Heart Healthy Quarterly (a leading industry publication on
    fitness trackers).

    Annual Fitness Trackers Revenue Forecast Review Meeting

    The Director presents the revenue forecast to the fitness trackers business planning
    committee (the “BPC”) for review and comment during its annual meeting. The BPC is
    composed of the following:

    • Chief executive officer — Antelope.

    • Chief financial officer — Antelope.

    Case 18-10c: Antelope Run Inc. Page 2

    Copyright 2019 Deloitte Development LLC
    All Rights Reserved.

    • Chief operating officer — Antelope.

    • Chief legal office — Antelope.

    • Director of financial planning and analysis (FP&A) — Antelope.

    • Controller — Fit Stride.

    • Director of finance — Fit Stride.

    The purpose of the BPC’s review of the forecast is to ensure the forecast is an appropriate
    expectation of future results for the fitness trackers reporting unit because this
    information will be used in the annual goodwill impairment assessment for the reporting
    unit. The meeting begins with the presentation and review of the forecast by product. The
    following information is discussed:

    • Forecasted vs. historical sales volumes for each fitness tracker product.

    • Forecasted vs. historical sales price per unit for each fitness tracker product.

    • Forecasted sales price per unit vs. comparable competitor’s sales prices per unit
    for each fitness tracker product.

    • Prior forecasted revenues by product vs. actual sales revenue for the prior three
    years.

    The meeting continues with the presentation and review of the forecast for the overall
    fitness trackers reporting unit. The following information is discussed:

    • Forecasted vs. historical revenues.

    • Forecasted vs. historical year-over-year percentage change in revenues.

    • Current-year vs. prior-year forecasted revenues.

    • Forecasted year-over-year percentage change in revenues vs. forecasted year-
    over-year percentage change in industry and peer-company revenues.

    • Prior forecasted revenues by reporting unit vs. actual sales revenue for the prior
    three years.

    After the information has been presented, the Director is responsible for compiling the
    comments and questions posed by the BPC and making revisions to the forecast using
    Hyperion Financial Management software (Hyperion). The Director then sends an e-mail
    confirming the completion of the revisions, along with the revised forecast, to the
    Director of FP&A for final review and approval. The Director of FP&A reviews the
    amounts in the forecast in Hyperion to ensure the edits have been made appropriately and
    confirms completion of the review and approval of the revenue forecast via e-mail.

    Case 18-10c: Antelope Run Inc. Page 3

    Copyright 2019 Deloitte Development LLC
    All Rights Reserved.

    The risk of material misstatement (RoMM) has been identified as the following:

    RoMM
    Classification RoMM Description

    Significant Management’s revenue projections and revenue growth rate
    assumptions that are used in various estimates may not be based on
    the best and most supportable information and contain a high
    degree of estimation uncertainty. Specifically, management’s
    estimates of revenue growth are not only aggressive when
    compared to the historical performance of the Fit Stride products,
    but also incorporate subjective assumptions associated with
    revenue growth of the new Fit Belt product line.

    Management has identified the following relevant control to address the RoMM:

    Control
    Number Control Activity Description

    C-5 The BPC meets to review, challenge, and approve the revenue
    forecast for the fitness trackers reporting unit for appropriateness
    using historical performance, knowledge of management’s
    strategic plans, industry projections, and peer-company data.

    Required:

    Evaluate the sufficiency of audit documentation, improvements to audit documentation,
    and key considerations for each of the following components of the audit documentation
    performed by the engagement team:

    • Component A — Control Description
    • Component B — Test of Design
    • Component C — Evaluation of Design
    • Component D — Test of Operating Effectiveness

    1. Discussion 1 — Sufficiency of Audit Documentation

    What are your observations regarding the sufficiency of the audit documentation?

    2. Discussion 2 — Improvements to Audit Documentation

    What specific improvements would you make to the audit documentation?

    3. Discussion 3 — Key Considerations

    What are some key points to remember when performing and documenting
    control procedures specific to each component?

    – Case 18-10
    – Antelope Run Inc.
    – Required:
    – 1. Discussion 1 — Sufficiency of Audit Documentation
    – What are your observations regarding the sufficiency of the audit documentation?
    – 2. Discussion 2 — Improvements to Audit Documentation
    – 3. Discussion 3 — Key Considerations

    **## us-dfdtn-18-10-case-antelope-run-inc.pdf**

    Copyright 2020 Deloitte Development LLC
    All Rights Reserved.

    Case 18-10

    Antelope Run Inc.

    Antelope Run Inc. (Antelope) is a manufacturer of health and fitness products. The
    following is an excerpt of the process narrative that management provided to the audit
    engagement team for one of its reporting units, Fit Stride, which produces wearable
    fitness trackers. Read the narrative and complete the required discussions that follow.

    Annual Forecasting Process — Overview

    On an annual basis, during the month of September, Antelope prepares a revenue forecast
    for the fitness trackers reporting unit that includes projected revenue by product for the
    next five years. The preparation of the revenue forecast is owned by the Fit Stride
    director of sales and marketing (the “Director”), who relies on input from the sales
    managers, each of whom oversees sales of all Fit Stride products (Fit Band, Fit Clip, and
    Fit Belt) in their respective regions. The sales managers’ input includes information on
    the following:

    • The timing of new product launches.

    • The price point for new products.

    • Planned price changes in existing products.

    • Customer relationship status.

    • Customer demand cycles.

    • Customer strategic plans, such as plans to add additional retail locations, customer
    contract terms, and historical sales trends by customer.

    Once the Director receives input from the sales managers, the revenue forecast is
    developed on a product-by-product basis using historical sales data for existing products
    or, for new product launches, historical sales data for similar products, in addition to the
    input provided by the sales managers as outlined above. The historical sales data used is
    disaggregated at the customer level. The Director also uses industry data to refine the
    revenue forecast, including data on the manufacture and retail of wearable fitness
    trackers. Example sources include analyst reports for peer companies, analyst reports for
    significant customers, and Heart Healthy Quarterly (a leading industry publication on
    fitness trackers).

    Annual Fitness Trackers Revenue Forecast Review Meeting

    The Director presents the revenue forecast to the fitness trackers business planning
    committee (the “BPC”) for review and comment during its annual meeting. The BPC is
    composed of the following:

    • Chief executive officer — Antelope.

    • Chief financial officer — Antelope.

    Case 18-10c: Antelope Run Inc. Page 2

    Copyright 2019 Deloitte Development LLC
    All Rights Reserved.

    • Chief operating officer — Antelope.

    • Chief legal office — Antelope.

    • Director of financial planning and analysis (FP&A) — Antelope.

    • Controller — Fit Stride.

    • Director of finance — Fit Stride.

    The purpose of the BPC’s review of the forecast is to ensure the forecast is an appropriate
    expectation of future results for the fitness trackers reporting unit because this
    information will be used in the annual goodwill impairment assessment for the reporting
    unit. The meeting begins with the presentation and review of the forecast by product. The
    following information is discussed:

    • Forecasted vs. historical sales volumes for each fitness tracker product.

    • Forecasted vs. historical sales price per unit for each fitness tracker product.

    • Forecasted sales price per unit vs. comparable competitor’s sales prices per unit
    for each fitness tracker product.

    • Prior forecasted revenues by product vs. actual sales revenue for the prior three
    years.

    The meeting continues with the presentation and review of the forecast for the overall
    fitness trackers reporting unit. The following information is discussed:

    • Forecasted vs. historical revenues.

    • Forecasted vs. historical year-over-year percentage change in revenues.

    • Current-year vs. prior-year forecasted revenues.

    • Forecasted year-over-year percentage change in revenues vs. forecasted year-
    over-year percentage change in industry and peer-company revenues.

    • Prior forecasted revenues by reporting unit vs. actual sales revenue for the prior
    three years.

    After the information has been presented, the Director is responsible for compiling the
    comments and questions posed by the BPC and making revisions to the forecast using
    Hyperion Financial Management software (Hyperion). The Director then sends an e-mail
    confirming the completion of the revisions, along with the revised forecast, to the
    Director of FP&A for final review and approval. The Director of FP&A reviews the
    amounts in the forecast in Hyperion to ensure the edits have been made appropriately and
    confirms completion of the review and approval of the revenue forecast via e-mail.

    Case 18-10c: Antelope Run Inc. Page 3

    Copyright 2019 Deloitte Development LLC
    All Rights Reserved.

    The risk of material misstatement (RoMM) has been identified as the following:

    RoMM
    Classification RoMM Description

    Significant Management’s revenue projections and revenue growth rate
    assumptions that are used in various estimates may not be based on
    the best and most supportable information and contain a high
    degree of estimation uncertainty. Specifically, management’s
    estimates of revenue growth are not only aggressive when
    compared to the historical performance of the Fit Stride products,
    but also incorporate subjective assumptions associated with
    revenue growth of the new Fit Belt product line.

    Management has identified the following relevant control to address the RoMM:

    Control
    Number Control Activity Description

    C-5 The BPC meets to review, challenge, and approve the revenue
    forecast for the fitness trackers reporting unit for appropriateness
    using historical performance, knowledge of management’s
    strategic plans, industry projections, and peer-company data.

    Required:

    Evaluate the sufficiency of audit documentation, improvements to audit documentation,
    and key considerations for each of the following components of the audit documentation
    performed by the engagement team:

    • Component A — Control Description
    • Component B — Test of Design
    • Component C — Evaluation of Design
    • Component D — Test of Operating Effectiveness

    1. Discussion 1 — Sufficiency of Audit Documentation

    What are your observations regarding the sufficiency of the audit documentation?

    2. Discussion 2 — Improvements to Audit Documentation

    What specific improvements would you make to the audit documentation?

    3. Discussion 3 — Key Considerations

    What are some key points to remember when performing and documenting
    control procedures specific to each component?

    – Case 18-10
    – Antelope Run Inc.
    – Required:
    – 1. Discussion 1 — Sufficiency of Audit Documentation
    – What are your observations regarding the sufficiency of the audit documentation?
    – 2. Discussion 2 — Improvements to Audit Documentation
    – 3. Discussion 3 — Key Considerations

    **## W2caseinsdocx.docx**

    Instructions:
    **Due by midnight on Sunday.**

    3 pages APA format and scholarly sources

    1. Evaluate the sufficiency of audit documentation, improvements to audit documentation, and key considerations for each of the following components of the audit documentation performed by the engagement team:

    • Component A — Control Description

    • Component B — Test of Design

    • Component C — Evaluation of Design

    • Component D — Test of Operating Effectiveness

    2. What are your observations regarding the sufficiency of the audit documentation?

    3. What specific improvements would you make to the audit documentation?

    4. What are some key points to remember when performing and documenting control procedures specific to each component

    5. What are the ethical issues that need to be considered? (this question is in addition to the ones at the end of the case)

    Your paper should be a minimum of 3 pages (not including the cover sheet and references) and follow APA guidelines.

    **## us-dfdtn-18-10-case-antelope-run-inc.pdf**

    Copyright 2020 Deloitte Development LLC
    All Rights Reserved.

    Case 18-10

    Antelope Run Inc.

    Antelope Run Inc. (Antelope) is a manufacturer of health and fitness products. The
    following is an excerpt of the process narrative that management provided to the audit
    engagement team for one of its reporting units, Fit Stride, which produces wearable
    fitness trackers. Read the narrative and complete the required discussions that follow.

    Annual Forecasting Process — Overview

    On an annual basis, during the month of September, Antelope prepares a revenue forecast
    for the fitness trackers reporting unit that includes projected revenue by product for the
    next five years. The preparation of the revenue forecast is owned by the Fit Stride
    director of sales and marketing (the “Director”), who relies on input from the sales
    managers, each of whom oversees sales of all Fit Stride products (Fit Band, Fit Clip, and
    Fit Belt) in their respective regions. The sales managers’ input includes information on
    the following:

    • The timing of new product launches.

    • The price point for new products.

    • Planned price changes in existing products.

    • Customer relationship status.

    • Customer demand cycles.

    • Customer strategic plans, such as plans to add additional retail locations, customer
    contract terms, and historical sales trends by customer.

    Once the Director receives input from the sales managers, the revenue forecast is
    developed on a product-by-product basis using historical sales data for existing products
    or, for new product launches, historical sales data for similar products, in addition to the
    input provided by the sales managers as outlined above. The historical sales data used is
    disaggregated at the customer level. The Director also uses industry data to refine the
    revenue forecast, including data on the manufacture and retail of wearable fitness
    trackers. Example sources include analyst reports for peer companies, analyst reports for
    significant customers, and Heart Healthy Quarterly (a leading industry publication on
    fitness trackers).

    Annual Fitness Trackers Revenue Forecast Review Meeting

    The Director presents the revenue forecast to the fitness trackers business planning
    committee (the “BPC”) for review and comment during its annual meeting. The BPC is
    composed of the following:

    • Chief executive officer — Antelope.

    • Chief financial officer — Antelope.

    Case 18-10c: Antelope Run Inc. Page 2

    Copyright 2019 Deloitte Development LLC
    All Rights Reserved.

    • Chief operating officer — Antelope.

    • Chief legal office — Antelope.

    • Director of financial planning and analysis (FP&A) — Antelope.

    • Controller — Fit Stride.

    • Director of finance — Fit Stride.

    The purpose of the BPC’s review of the forecast is to ensure the forecast is an appropriate
    expectation of future results for the fitness trackers reporting unit because this
    information will be used in the annual goodwill impairment assessment for the reporting
    unit. The meeting begins with the presentation and review of the forecast by product. The
    following information is discussed:

    • Forecasted vs. historical sales volumes for each fitness tracker product.

    • Forecasted vs. historical sales price per unit for each fitness tracker product.

    • Forecasted sales price per unit vs. comparable competitor’s sales prices per unit
    for each fitness tracker product.

    • Prior forecasted revenues by product vs. actual sales revenue for the prior three
    years.

    The meeting continues with the presentation and review of the forecast for the overall
    fitness trackers reporting unit. The following information is discussed:

    • Forecasted vs. historical revenues.

    • Forecasted vs. historical year-over-year percentage change in revenues.

    • Current-year vs. prior-year forecasted revenues.

    • Forecasted year-over-year percentage change in revenues vs. forecasted year-
    over-year percentage change in industry and peer-company revenues.

    • Prior forecasted revenues by reporting unit vs. actual sales revenue for the prior
    three years.

    After the information has been presented, the Director is responsible for compiling the
    comments and questions posed by the BPC and making revisions to the forecast using
    Hyperion Financial Management software (Hyperion). The Director then sends an e-mail
    confirming the completion of the revisions, along with the revised forecast, to the
    Director of FP&A for final review and approval. The Director of FP&A reviews the
    amounts in the forecast in Hyperion to ensure the edits have been made appropriately and
    confirms completion of the review and approval of the revenue forecast via e-mail.

    Case 18-10c: Antelope Run Inc. Page 3

    Copyright 2019 Deloitte Development LLC
    All Rights Reserved.

    The risk of material misstatement (RoMM) has been identified as the following:

    RoMM
    Classification RoMM Description

    Significant Management’s revenue projections and revenue growth rate
    assumptions that are used in various estimates may not be based on
    the best and most supportable information and contain a high
    degree of estimation uncertainty. Specifically, management’s
    estimates of revenue growth are not only aggressive when
    compared to the historical performance of the Fit Stride products,
    but also incorporate subjective assumptions associated with
    revenue growth of the new Fit Belt product line.

    Management has identified the following relevant control to address the RoMM:

    Control
    Number Control Activity Description

    C-5 The BPC meets to review, challenge, and approve the revenue
    forecast for the fitness trackers reporting unit for appropriateness
    using historical performance, knowledge of management’s
    strategic plans, industry projections, and peer-company data.

    Required:

    Evaluate the sufficiency of audit documentation, improvements to audit documentation,
    and key considerations for each of the following components of the audit documentation
    performed by the engagement team:

    • Component A — Control Description
    • Component B — Test of Design
    • Component C — Evaluation of Design
    • Component D — Test of Operating Effectiveness

    1. Discussion 1 — Sufficiency of Audit Documentation

    What are your observations regarding the sufficiency of the audit documentation?

    2. Discussion 2 — Improvements to Audit Documentation

    What specific improvements would you make to the audit documentation?

    3. Discussion 3 — Key Considerations

    What are some key points to remember when performing and documenting
    control procedures specific to each component?

    – Case 18-10
    – Antelope Run Inc.
    – Required:
    – 1. Discussion 1 — Sufficiency of Audit Documentation
    – What are your observations regarding the sufficiency of the audit documentation?
    – 2. Discussion 2 — Improvements to Audit Documentation
    – 3. Discussion 3 — Key Considerations

    **## W2caseinsdocx.docx**

    Instructions:
    **Due by midnight on Sunday.**

    3 pages APA format and scholarly sources

    1. Evaluate the sufficiency of audit documentation, improvements to audit documentation, and key considerations for each of the following components of the audit documentation performed by the engagement team:

    • Component A — Control Description

    • Component B — Test of Design

    • Component C — Evaluation of Design

    • Component D — Test of Operating Effectiveness

    2. What are your observations regarding the sufficiency of the audit documentation?

    3. What specific improvements would you make to the audit documentation?

    4. What are some key points to remember when performing and documenting control procedures specific to each component

    5. What are the ethical issues that need to be considered? (this question is in addition to the ones at the end of the case)

    Your paper should be a minimum of 3 pages (not including the cover sheet and references) and follow APA guidelines.

    **## us-dfdtn-18-10-case-antelope-run-inc.pdf**

    Copyright 2020 Deloitte Development LLC
    All Rights Reserved.

    Case 18-10

    Antelope Run Inc.

    Antelope Run Inc. (Antelope) is a manufacturer of health and fitness products. The
    following is an excerpt of the process narrative that management provided to the audit
    engagement team for one of its reporting units, Fit Stride, which produces wearable
    fitness trackers. Read the narrative and complete the required discussions that follow.

    Annual Forecasting Process — Overview

    On an annual basis, during the month of September, Antelope prepares a revenue forecast
    for the fitness trackers reporting unit that includes projected revenue by product for the
    next five years. The preparation of the revenue forecast is owned by the Fit Stride
    director of sales and marketing (the “Director”), who relies on input from the sales
    managers, each of whom oversees sales of all Fit Stride products (Fit Band, Fit Clip, and
    Fit Belt) in their respective regions. The sales managers’ input includes information on
    the following:

    • The timing of new product launches.

    • The price point for new products.

    • Planned price changes in existing products.

    • Customer relationship status.

    • Customer demand cycles.

    • Customer strategic plans, such as plans to add additional retail locations, customer
    contract terms, and historical sales trends by customer.

    Once the Director receives input from the sales managers, the revenue forecast is
    developed on a product-by-product basis using historical sales data for existing products
    or, for new product launches, historical sales data for similar products, in addition to the
    input provided by the sales managers as outlined above. The historical sales data used is
    disaggregated at the customer level. The Director also uses industry data to refine the
    revenue forecast, including data on the manufacture and retail of wearable fitness
    trackers. Example sources include analyst reports for peer companies, analyst reports for
    significant customers, and Heart Healthy Quarterly (a leading industry publication on
    fitness trackers).

    Annual Fitness Trackers Revenue Forecast Review Meeting

    The Director presents the revenue forecast to the fitness trackers business planning
    committee (the “BPC”) for review and comment during its annual meeting. The BPC is
    composed of the following:

    • Chief executive officer — Antelope.

    • Chief financial officer — Antelope.

    Case 18-10c: Antelope Run Inc. Page 2

    Copyright 2019 Deloitte Development LLC
    All Rights Reserved.

    • Chief operating officer — Antelope.

    • Chief legal office — Antelope.

    • Director of financial planning and analysis (FP&A) — Antelope.

    • Controller — Fit Stride.

    • Director of finance — Fit Stride.

    The purpose of the BPC’s review of the forecast is to ensure the forecast is an appropriate
    expectation of future results for the fitness trackers reporting unit because this
    information will be used in the annual goodwill impairment assessment for the reporting
    unit. The meeting begins with the presentation and review of the forecast by product. The
    following information is discussed:

    • Forecasted vs. historical sales volumes for each fitness tracker product.

    • Forecasted vs. historical sales price per unit for each fitness tracker product.

    • Forecasted sales price per unit vs. comparable competitor’s sales prices per unit
    for each fitness tracker product.

    • Prior forecasted revenues by product vs. actual sales revenue for the prior three
    years.

    The meeting continues with the presentation and review of the forecast for the overall
    fitness trackers reporting unit. The following information is discussed:

    • Forecasted vs. historical revenues.

    • Forecasted vs. historical year-over-year percentage change in revenues.

    • Current-year vs. prior-year forecasted revenues.

    • Forecasted year-over-year percentage change in revenues vs. forecasted year-
    over-year percentage change in industry and peer-company revenues.

    • Prior forecasted revenues by reporting unit vs. actual sales revenue for the prior
    three years.

    After the information has been presented, the Director is responsible for compiling the
    comments and questions posed by the BPC and making revisions to the forecast using
    Hyperion Financial Management software (Hyperion). The Director then sends an e-mail
    confirming the completion of the revisions, along with the revised forecast, to the
    Director of FP&A for final review and approval. The Director of FP&A reviews the
    amounts in the forecast in Hyperion to ensure the edits have been made appropriately and
    confirms completion of the review and approval of the revenue forecast via e-mail.

    Case 18-10c: Antelope Run Inc. Page 3

    Copyright 2019 Deloitte Development LLC
    All Rights Reserved.

    The risk of material misstatement (RoMM) has been identified as the following:

    RoMM
    Classification RoMM Description

    Significant Management’s revenue projections and revenue growth rate
    assumptions that are used in various estimates may not be based on
    the best and most supportable information and contain a high
    degree of estimation uncertainty. Specifically, management’s
    estimates of revenue growth are not only aggressive when
    compared to the historical performance of the Fit Stride products,
    but also incorporate subjective assumptions associated with
    revenue growth of the new Fit Belt product line.

    Management has identified the following relevant control to address the RoMM:

    Control
    Number Control Activity Description

    C-5 The BPC meets to review, challenge, and approve the revenue
    forecast for the fitness trackers reporting unit for appropriateness
    using historical performance, knowledge of management’s
    strategic plans, industry projections, and peer-company data.

    Required:

    Evaluate the sufficiency of audit documentation, improvements to audit documentation,
    and key considerations for each of the following components of the audit documentation
    performed by the engagement team:

    • Component A — Control Description
    • Component B — Test of Design
    • Component C — Evaluation of Design
    • Component D — Test of Operating Effectiveness

    1. Discussion 1 — Sufficiency of Audit Documentation

    What are your observations regarding the sufficiency of the audit documentation?

    2. Discussion 2 — Improvements to Audit Documentation

    What specific improvements would you make to the audit documentation?

    3. Discussion 3 — Key Considerations

    What are some key points to remember when performing and documenting
    control procedures specific to each component?

    – Case 18-10
    – Antelope Run Inc.
    – Required:
    – 1. Discussion 1 — Sufficiency of Audit Documentation
    – What are your observations regarding the sufficiency of the audit documentation?
    – 2. Discussion 2 — Improvements to Audit Documentation
    – 3. Discussion 3 — Key Considerations