Strategic Business Objectives and Practices for Effective Performance of New Zealand Business

Business Objectives (LO2)

LO1: Develop the business entity’s strategic objectives for effective performance.

LO2: Apply knowledge of the principles and practices of operations for achieving the strategic objectives of the entity.

LO3: Apply knowledge of the principles and practices of management accounting for achieving the strategic objectives of the entity.

LO4: Apply knowledge of the principles and practices of sales/marketing for achieving the strategic objectives of the entity.

LO5: Apply knowledge of the principles and practices of HR and risk management for achieving the strategic objectives of the entity.

1. Ensure your name, student ID, course and paper titles, the date of submission, and your tutor’s name are entered on the submission cover page.
2. “APA” 6th edition referencing and citation must be used.
3. Instances of academic dishonesty (e.g. plagiarism) will not be tolerated and will be subject to disciplinary action.
4. By the due date, a soft copy of your assignment must be submitted on Turnitin and a hard copy must be submitted using the assessment drop box.
5. An appropriate standard of English is expected. Language errors that impede communication will result in lower marks.
6. Your assignment should be typed and labelled with question numbers. Staple/bind, and put your name and ID on each page in footer.

You must cite ALL sources used in writing this assessment. Only genuine primary or secondary academic sources are allowed to be used as references. Blogs, Wikipedia, or other similar non-peer reviewed materials will not be considered or given marks. Use APA citation format (6th edition) when citing sources or references.

1.1 Develop TWO (2) strategic business objectives for your selected New Zealand for-profit business to enhance the business performance.

1.2 Develop ONE (1) strategic business objective for your selected New Zealand not-for-profit business to enhance the business performance.

2.1 Discuss the impact of TWO (2) operations management principles on the strategic business objectives of an organisation. Use examples to support your ideas. (2 operations management principles*2.5 marks=5 marks)

2.2 Apply TWO (2) operational practices to help achieve the TWO (2) strategic business objectives expressed in question 1.1 on a New Zealand for-profit business. (2 operational practices*5 marks=10 marks)

3.1 Discuss the impact of TWO (2) management accounting principles on the strategic business objectives of an organisation. Use examples to support your ideas.

3.2 Apply TWO (2) management accounting practices to help achieve the TWO (2) strategic business objectives expressed in question 1.1 on a New Zealand for-profit business.

Discuss ONE (1) sales management principle and ONE (1) marketing management principle in the setting of the TWO (2) strategic business objectives. Use examples to support your ideas. (1 sales management principle:

Apply ONE (1) sales management practice and ONE (1) marketing management practice to help achieve the TWO (2) strategic business objectives expressed in question 1.1 on a New Zealand for-profit business.

Business Objectives and Human Resources/Risk Management (LO6) (30 Marks)

5Discuss TWO (2) human resource management principles in the setting of TWO (2) strategic business objectives. Use examples to support your ideas. (2 human resource management principles*2.5 marks=5 marks)

Apply TWO (2) human resource management practices to help achieve the TWO (2)strategic business objectives expressed in question 1.1 on a New Zealand for-profit business.

Discuss TWO (2) risk management principles in the setting of TWO (2) strategic business objectives. Use examples to support your ideas. (2 risk management principles*2.5 marks=5 marks)

Apply TWO (2) risk management practices to help achieve the TWO (2) strategic business objectives expressed in question 1.1 on a New Zealand for-profit business. (2 risk management practices*5 marks=10 marks)

Include a list of books, journal articles, web sites, and other sources used in your investigation or cited in your assignment in alphabetical order. Ensure that ALL sources used in your assignment are cited. Use APA 6th edition format in your references. Incorrect and incomplete citations would not be considered and must be redone. It is recommended for you to use at least 5 academic sources.