MGT602: Business Decision Analytics - Case Study Assignment Help

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Case Study Assignment Help

TASK You are one member of a three (3) person team of line managers to form a panel with the task of business cost containment in an organisation of 300 people. The importance and urgency of your panel’s work relates to the business having recently lost two key products from their product line. Both products have been lost to the market through changes to government policy and falling business profitability need to be reversed quickly. The business has concluded that it needs to quickly reduce its wage-salary costs to survive into the next period. Executive management has decided to set up a panel to advise on ways of quickly reducing wage and salary costs through a reduction in staff numbers as a means of positively addressing problems with the business’s current P&L statement Your team is tasked to analyse a data set provided and come up with a listing of people you are recommending for redundancy. Your team is to select from a list of sixty people and make recommendations on the type and number of people to be made redundant.' Executive management has not stated the exact number of people they want removed from positions but any meaningful reduction in costs for the business would need your panel to recommend at least sixty percent (60%) of those listed being made redundant. However, your team knows this business well and understands the number of staff needed to keep the business running is different from the number of redundancies the panel is being asked to recommend. The panel believes a critical mass of 275 people would be required to keep the business operating reasonably well. Your team will therefore have to provide a very strong argument to support your recommendations and justifications on the types and likely reduced numbers of people to be made redundant. The sixty people put forward to the panel for potential redundancy are from similar wage classes and if made redundant will be supported by outplacement to facilitate their transition from the business. The team should note that the list provided is all the information to be made available to the panel for them to reach conclusions and make recommendations and justifications to management. Additionally, the panel should be aware of the need for diversity in workforces, and the ethical, sustainable, legal practices applying to redundancy decisions, and to be familiar with the biases inherent in teams-based decisions and to carry out their data analysis work accordingly. Percentage for this criterion Demonstrates no understanding of team process and the importance of teamwork for effective data analysis Demonstrates limited understanding of team process and the importance of teamwork for effective data analysis in the context of the case study provided Demonstrates consistent understanding of team process and the importance of teamwork for effective data analysis in the context of the case study provided. Demonstrates an advanced and integrated understanding of the importance of teamwork to effective data analysis in the context of the case study provided. Consistently demonstrates a systematic and critical understanding of the importance of teamwork to effective data analysis The above question has been solved by our Business Decision Analytics experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.