Business Synoptic FA Essay Example | Topics and Well Written Essays - 4000 words

Business Synoptic FA - Essay Example On the other hand, accounting for decision making is that aspect of a company in which a business firm takes strategic perspectives and decides on issues related to its successful operation. This following model is developed for determining a relationship between strategic management and accounting for decision making with the perspective of the case study of Nestle. The aspects based on the linkage between two modules are as follows: For understanding the model precisely, it is essential to review certain aspects of strategic management. In this paragraph the concepts of strategic management will be discussed. There are certain key activities in a process of strategic management that has been found to be relevant in the perspective of Nestle’s actions towards strategy formulation. The first activity deals with a situation analysis of organisational environment that includes operational activities of the company, inclusive of internal resources along with stakeholders. The sec ond important activity deals with establishment of strategic direction. The strategic direction is reflected in vision and mission statements of the organisation. Based on the analysis of situation and review of the organisation’s vision and mission, certain specific strategies are formulated. The strategies are formulated with respect to ultimate objectives of the organisation. ... Another module, accounting for decision making is also needs to be taken up for understanding the model. In this paragraph, the concept of accounting for decision making relevant to the development of the model will be discussed. The foremost activity that Nestle has taken prior to deciding on the entry strategy in emerging markets is related to clarification of decision problem. The decision problem is highly related to strategic alternatives selected for strategic management. The selection of alternatives is based on decision problem and is directly related to the perspectives of strategic management. Development of decision model is undertaken with the objective of selecting one best alternative. The decision model is crucial for collection of data and by analysing the collected data one best alternative is chosen (Accounting Education, 2011). The relationship between the two modules, strategic management and accounting for decision making will be presented through discussion in t his paragraph. In developing the relationship between concepts of two modules with respect to decision making in Nestle case study, certain important aspects of the case have to be taken into account. Nestle has to build up a comprehensive decision model that would satisfy its objectives. In the above model, relationship between concepts of two modules has been presented, which is relevant for the successful functioning of the organisation. Steps followed in the strategic management are crucially related towards development of decision model. On the basis of the model developed, ultimate single alternative can be chosen. The relationship between

Critical Reflection on Assessment Process Assignment

Critical Reflection on Assessment Process - Assignment Example For the second assignment, I extended what I had done for the first one by adding further assessment techniques (such as the group discussions, portfolio and self assessment rubrics) and taking a more critical look at their advantages and disadvantages. I reached my conclusions by simulating or projecting mentally the outcomes of using these assessment methods in the light of the specific objectives chosen. I also extended my application of the information on the assessment methods beyond the simpler learning objectives of the first assignment, to focus on more diverse objectives and the acquisition of various capabilities.Critical reflections in terms of usefulnessE. The most useful parts for my learning on this course were the discussions among students, sometimes facilitated by a member of the teaching staff, concerning the material, its usefulness and how it should be applied. I would encourage the systematic inclusion of a debate (or "mini-debate") in each lecture or class where possible. This ensures a real-life aspect to what we are doing.The least useful parts for my learning were certain lectures that lacked interactivity. This is linked to my comments above. Being spoon-fed theory does not allow you to test and apply the information so easily for what is after all a practically oriented subject.F. The most useful parts for my products were that the first product (first assignment) was a good way for me to benefit from the mistakes that I made. The products helped each other. as I could then do more with the second one, thanks to the first one. The first assignment allowed me to really understand the main questions of this course: what is assessment; why do we assess people, either students or teachers; and what allows us to do a successful assessment. In the second one I learnt more on designing and planning for good assessments. The least useful parts for my products were some of the academic texts that were cited. Although it is important for logical arguments to be well grounded in established data, assessment is a practical science as well. As such, once the underlying theory is established, the value (in my opinion) is in applying it and making it perform in real life, rather than taking one more step "backward" into the realms of academia. Recommendations that I would make and the reasons for making them. G. For future students regarding the assignment preparation, I would recommend consulting the assessment experiences of different educational organizations, for example, by visiting their websites. They often have relevant and focused comments on what works and what doesn't work in specific environments which adds a practical dimension to the theory discussed in the course. If a student has some weakness in English, like me, then I suggest revising the particular