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HRM Capstone Project

What strategies will you develop to address organizational culture as you implement your plan?

PROJECT STRUCTURE AND STEPS
Your first component of the capstone project is a literature review. It is suggested that you complete the
following before you begin this assessment:

IMPORTANT: You will need to begin by choosing a topic of research, organization, and problem
or opportunity that addresses improving the organization’s effectiveness and submitting it to
your faculty for approval. If you have any questions, contact your faculty.

To narrow the project scope, start by reading the assessment instructions and scoring guides for
each project component to learn the requirements and ensure that your topic and the problem
or opportunity are appropriate for the capstone project.

Next, think about what topics you have a passion for within HRM. What problems are most
important to solve when you think about HRM within organizations today?

You may also find that reviewing your projects from previous courses and artifacts that you have
collected in your e-portfolio will help you choose a topic and complete the project.

Note: The organization that you choose can be a current or past employer or another
organization that is of interest to you and from which you can gather information to complete
this project successfully.

Library Resources for Research and Writing a Literature Review

To prepare for each of the project components, you’ll need to conduct research in the
Capella
Library.
You may also search the Internet, but be sure to choose articles that are professional and peer-
reviewed, from trusted sites and researchers. Analyze how, in your effectiveness improvement plan, you
might apply the approach or approaches described in the articles you read.

A Capella University
MS HRM Program Library Guide has been created specifically for you. You are
encouraged to refer to the resources in the library guide to help direct your research for the
assessments.

In preparation for this assessment, read
Reviewing the Literature and Assignment Types and
Templates
for writing a literature review.
HRCI Body of Knowledge and SHRM Code of Ethics

Research and evaluate the definition of the body of knowledge in HR, as explained by the
HR
Certification Institute
and the SHRM. Based on your review, determine whether the body of
knowledge provides additional areas of research and analysis for your course project topic.

Read through the
SHRM Code of Ethics. As you look through the code of ethics, think about how
your organization adheres to the principles. As it relates to the code of ethics and what you see
at this site, do you believe your organization can improve? How?

Some studies in this course will feature additional resources to learn more about the topics covered in
the assessments and the field of HRM in general. If you are just starting out in HRM, the material below
offers specific career-related resources at Capella and on the Internet to help with your transition.

Career Center
.
o Capella’s Career Center is an excellent resource for career planning tools and current
employment resources. View the Career Center Overview to learn more.

Career Planning Self-Assessment
.
o Take this self-assessment to help clarify your career goals and develop a plan for your
future.

Career Planning Checklist
.
o This checklist encourages you to begin thinking about your career goals. This list of
career activities is intended to be neither an exhaustive individualized list of
recommendations nor a guarantee of employment.

HRM Professional Certification

HR Certification Institute (HRCI)
is a nonprofit organization that develops, maintains, and administers
HRM professional certifications. Review the following two outlines of the exams administered to
professionals seeking the Professional in Human Resources (PHR) and Senior Professional in Human
Resources (SPHR) certifications as you work on your capstone project plan and think about what your
next steps are after graduation.

HR Certification Institute. (2018).
2018 PHR exam content outline [PDF]. Retrieved from
https://www.hrci.org/docs/default-source/web-files/phr-exam-content-
outline.pdf?sfvrsn=13c44f61_24

HR Certification Institute. (2018).
2018 SPHR exam content outline [PDF]. Retrieved from
https://www.hrci.org/docs/default-source/web-files/sphr-exam-content-
outline.pdf?sfvrsn=7fc44f61_18

You may also find that the following websites will also help you prepare for and complete your capstone
project:

HR Certification Institute. (2020).
Associate professional in human resources (aPHR). Retrieved
from https://www.hrci.org/our-programs/our-certifications/aphr

HR Certification Institute. (2017).
Professional in human resources (PHR). Retrieved from
https://www.hrci.org/our-programs/our-certifications/phr

HR Certification Institute. (2017).
Senior professional in human resources (SPHR). Retrieved from
http://www.hrci.org/our-programs/our-hr-certifications/sphr

Society for Human Resource Management. (2017).
Assurance of learning: About. Retrieved from
https://www.shrm.org/certification/learning/pages/default.aspx

Society for Human Resource Management. (2020). SHRM Certified Professional (SHRM-
CP).
Retrieved from
https://www.shrm.org/certification/about/aboutshrmcertification/Pages/SHRM-CP.aspx

Society for Human Resource Management. (2020).
SHRM Senior Certified Professional (SHRM-
SCP).
Retrieved from
https://www.shrm.org/certification/about/aboutshrmcertification/Pages/SHRM-SCP.aspx

The Purpose of a Literature Review

Entering an academic conversation involves many steps. Two of the most fundamental of these steps
involves reading material in the field and forming a perspective on what you read. Academics
demonstrate their perspective on the reading of the field by composing a literature review. A literature
review traces the genealogy of a topic in the field; it notes the history of the topic and the notable
perspectives of others in the field who have addressed the topic. The purpose of a literature review is to
“demonstrate that the writer has insightfully and critically surveyed relevant literature on his or her
topic in order to convince an intended audience that this topic is worth addressing” (Clark, 2007, p.105).
The literature review is not intended to report the literature, but instead to synthesize it.

The literature review appears at many stages of your graduate education. Early in a graduate education,
you will often be required to write a short literature review for a paper in a course to demonstrate
analysis, synthesis, and evaluation of the assigned readings for the course.

The expectations for the literature review increase steadily throughout a doctoral program, finally
culminating in a chapter-length literature review, which functions as the second chapter of the
dissertation.

How do you prepare to write informed reviews of the literature in your field?

First, you must spend considerable time reading the academic literature of the field. Over time, you
explore many topics through reading these academic sources, which include books, journal articles, and
published studies and any other credible materials that work to add to the knowledge of your field. This
‘reading time’ constitutes the majority of your time in graduate school. The more you read, the more
you begin to form an individual identity as a scholar through the choices you make as you read.

At the beginning of your graduate career, you read the materials that your course assignments guide
you to in the library. However, over time, you start to recognize the names of authors with whom you’ve
agreed in the past. You also start to recognize the names of authors with whom you’ve disagreed in the
past. You become familiar with journal names and publisher names, and you can start to research a
topic based on more than the key words listed in the assignment. Through continued reading in your
field, you gain the experience to make informed choices about which authors to align yourself within the
formation of your own academic identity.

Increased knowledge through reading comes through experience with multiple research projects, and
that increasing knowledge also serves to shape your individual perspective on your own field of study.
Over time, you focus your attention on a specific research area, and, ultimately, on a specialty area in
which you will conduct research to complete a dissertation. Making these kinds of decisions about

where you’ll conduct further research and writing marks your entry into the field as an individual scholar
drawn to some topics and not persuaded by others.

Defining the Literature Review

Placement of a Literature Review in Academic Conversation

A graduate education anticipates learners making choices and forming an individual identity as a
scholar. Assignments requiring literature reviews are some of the touchstones in a graduate education
that allow you to identify your individual voice and stance on important topics within a field. A graduate
education culminates in the writing of a dissertation, your official entry into the academic conversation
through the completion of a book-length project that advances the knowledge of the field. In a shorter,
paper-length form, your literature review typically consists of several paragraphs placed early in the text
to explain the history of the problem or issue and to explore what the field has said on the topic. The
literature review establishes a context, a history, and a reason for why you are writing. You will also be
asked to write paper-length literature reviews in which the review is a much more developed
examination of the literature on a particular topic in the field. These literature reviews, short and long,
culminate in a chapter-length literature review that serves to underpin your dissertation research.

At Capella, the disciplines of Business, Education, Human Services, and Psychology structure the
dissertation in the following way:

1. Introduction and problem statement.

2. Literature review.

3. Research and methodology.

4. Data analysis and results.

5. Conclusions and recommendations.

Notice the placement of the literature review. In the context of a dissertation, the literature review
comes immediately after the introduction. In the introduction, you give a picture of what the
dissertation will do and what the dissertation will address, much as the first paragraph of an academic
paper offers an introduction and a thesis statement that will guide the body of the paper. As with all
literature reviews, Chapter 2, the literature review, establishes a context, a history, and a reason for the
project.

This early placement of the literature review is important for several reasons.

The literature review offers a critical look at existing research that’s significant to the writer’s
topic.

The literature review demonstrates the writer’s knowledge of the field.

The literature review justifies the writer’s proposed study.

The literature review sets the context for the research

The literature review defines which issues and authors are important to the writer and which are
not.

Thus, the literature review defines you as a writer and a scholar in the field. Readers can learn what you
value and what you don’t by reading your review. In the literature review, you choose to include some
sources while choosing not to include others. These choices offer a lot of information about who you are
as a scholar for an audience familiar with the research in your field. For example, imagine that you are
writing about educational theories. John Dewey serves as your foundational source for your literature
review. You read two scholars who come after Dewey: Paolo Freire and Malcolm Knowles. You speak
favorably about what Knowles adds to Dewey’s ideas, but you note several shortcomings in Freire’s
assumptions. From those statements, readers in your field understand that you are aligned with the
Knowles school of thought and not with the Freirian school of thought. Readers can also place what you
value within the context of their own perspectives and within the larger issues of the field.

In academic writing, the primary audience, readers in the field, works to situate new voices within the
already-existing conversation. This audience will evaluate which sources you use in the context of their
own perspectives-their own established identity in the academic conversation. Just as you have your
individual perspective on the topic for which you are composing a literature review, so will your
audience. That’s why the literature review is so important. In short, your literature review defines where
you stand in the academic conversation of your field within the context of those who came before you
and for those who will come after you.

Crafting the Literature Review: Definitions

For a literature review to be accepted as a credible representation of your understanding of your field, it
must accomplish several goals.

The literature review must be organized around and related directly to research questions that
you are developing.

The literature review must synthesize results into a summary of what’s known and not known.

The literature review must identify areas of controversy in the literature.

The literature review must formulate questions that need further research.

In the following instructional module, you’ll work with three tools to help you craft a literature review
that accomplishes all of these goals. Whether you are writing a short literature review within a paper or
Chapter 2 of your dissertation, these tools will assist you in synthesizing your readings to compose
reviews that give your readers a clear understanding of the issues and scholars that you are reviewing
and will outline your stance on the position.

Three basic tools will help you share your synthesis of the literature you read with your audience:
definitions, examples, and acknowledging your critics.

Definitions bolster your argument by making sure that you and the reader are starting on the same page
and with the same definitions. Definitions can be a derived from multiple sources, from dictionaries to
reference books to seminal works in a field.

For example, if your topic is the color blue, you might rely on a reputable art dictionary to define what
blue means in terms of the color spectrum. You might also rely on a book of literary criticism to enhance
that definition by looking at how the color blue has historically been used to symbolize courage in great
western literature, including Shakespeare. Combining these two definitions gives you a definition of
your own for the color blue in the context of your specific topic–of your unique argument.

When using key words and concepts in the field for your literature review, remember that over time,
terms and concepts gather many meanings. Simply relying on a dictionary definition might not be
enough to define a term for your audience, a group of academics in your field. For example, unconscious
is a term that has many meanings in the field of psychology. That term means different things to, say,
Sigmund Freud than it does to those who come after him, like, for example, Jacques Lacan. Therefore, in
a literature review about psychoanalytic theories with an academic audience, it will be important to talk
about which scholar you follow, which definition of that term you agree with, and how you will apply
that definition to your own theory.

You can also use definitions to define a concept or topic by what it is not. For example, if you follow
Lacan’s definition of the unconscious, you might want to include Freud’s definition to show where it
differs from Lacan’s. You will also want to offer specific reasons to justify why those differences
prompted you to side with Lacan’s definition.

Crafting the Literature Review: Examples

Examples bolster your argument by adding an extra level of explanation for the reader. Examples often
serve to make a concept concrete for the reader. Imagine that you are trying to explain a method for
teaching. After the key terms in the method are defined, take the next step: offering examples of the
method at work.

Notice the pattern of examples in the section you just read above on definitions:

Definitions can be derived from multiple sources, from dictionaries to reference books to seminal
works in a field. For example, if your topic is the color blue, you might rely on a reputable art
dictionary to define what blue means in terms of the color spectrum>

Simply relying on a dictionary definition might not be enough to define a term for your audience,
a group of academics in your field. For example, unconscious is a term that has many meanings
in the field of psychology. That term means different things to, say, Sigmund Freud that it does to
those who come after him, like, for example, Jaques LaCan.

You can also use definitions to define a concept or topic by what it is not. For example, if you
follow LaCan’s definition of the unconscious, you might want to include Freud’s definition to
show where it differs from LaCan’s and why those differences don’t offer a definition that works
within that context of your argument.

In these examples, a statement is made, and that statement is then applied-‘teased out’-by the use of
examples. Examples, either hypothetical or from the literature, bring your synthesis to life by offering
real-life connections to your theories and interpretations. As a Capella scholar-practitioner, connecting
theory to practice underpins your educational journey, and examples are an excellent and primary
method for making that theory-to-practice connection.

Crafting the Literature Review: Critics
While many in your audience will agree with your position on the topic of your literature review, many
will not. An important function of the literature review is to acknowledge what critics of your argument
say. To create an informed perspective about the literature of a field, you must read many perspectives
about key issues and discussions within your field. In an academic conversation, a writer who has looked
at all sides of the argument comes across as an informed and balanced speaker. Just as working to
define something by what it is not is an effective tool, so is presenting a position on a subject and
including the perspectives and arguments that differ from that position.

For example, let’s say that you make the statement that many in your field have conjectured that the
sky is blue. You define blue in terms of meteorology, and you give examples of what you mean by the
color blue. During your research, you discover many speakers who say that the sky is not blue. Some of
these speakers are not credible, so you discard those dissenting positions. But some of those speakers
are credible. They are published in peer-reviewed journals, and they have many followers at universities
across the country. Leaving those credible sources out of your literature review creates a slanted
perspective on the body of literature in the field, while acknowledging those critics shows that you have
considered all perspectives, but for at least one reason, you have decided to reject those critics in favor
of your chosen perspective.

Acknowledging the critics also offers you the chance to create new ways of thinking about your topic
within your field. For example, imagine that you address the way in which two different scholars,
Scholar A and Scholar B, use a shape to discuss a concept in the field. You note that Scholar A and those
after him have conjectured that the term ‘square’ is effective for describing a concept that encompasses
four terms.

You also acknowledge that Scholar B has conjectured that the term ‘square,’ which implies that all four
sides are equal in length, is too limiting, and, thus, must be changed to the term ‘quadrangle.’

While you acknowledge the validity of Scholar B’s purpose in expanding the term, you also note that in
the context of the concept being discussed, all angles in Scholar B’s conception are actually 90 degree
angles. In fact, then, in spite the difference in terms, both scholars are really talking about a similar
concept. In essence, from your perspective, Scholar B supports Scholar A’s assertion, but with a different
definition of square, which, perhaps, you re-label as “rectangle.”

In this example, noting the other side of the argument has led you to a new understanding of the
concept addressed by both Scholars A and B. While acknowledging the critic shows depth of exposure to
the literature of the field, in this case, that acknowledgement has also led to a new interpretation not
yet noted by your field, filling a gap in the field while boosting your credibility as a new voice entering
the field.

Applying the Tools to the Literature Review

Now that you’ve explored the tools, you are ready to apply them to a literature review in your field.

Once you’ve selected your literature review, work to locate the definitions, examples, and
acknowledgement of the critics used by the author. As you read your sample literature review, make
notes in the margins, and locate where the writer has used the tools you’ve learned in this module. You

may also want to highlight each example in a different color. For example, you may mark definitions in
blue, examples in green, and acknowledging the critics in red.

Once you’ve completed this process, ask yourself the following questions.

Which definitions worked well? Why?

Which definitions could have worked better? How?

Which definitions convinced you because they came from credible sources? Why?

Which definitions did not convince you due to lack of credibility of the source? Why?

Which examples worked well? Why?

Which examples could have worked better? How?

Which examples convinced you because they came from credible sources? Why?

Which examples did not convince you due to lack of credibility of the source? Why?

Which acknowledgements of critics worked well? Why?

Which acknowledgements of critics could have worked better? How?

Which acknowledgements of critics convinced you because they came from credible sources?
Why?

Which acknowledgements of critics did not convince you due to lack of credibility of the source?
Why?

For all three tools, as you identify them and question their effectiveness, work to find methods that you
might want to use in your own literature reviews. Do you see methods of incorporating these tools that
you’d like to model in your own review? Note what you like and what you don’t like in these examples.
You can often learn as much about your own writing process by charting what you don’t like as you can
learn by charting what you like.

The Writing Process for the Literature Review

Like any academic writing process, crafting an effective literature review is not a linear process. As the
writing map below indicates, the literature review writing process is recursive and iterative.


Reminders

Upon your completion of each draft in this recursive process, remember to compare the following
important outcomes of the literature review to ensure that your review satisfies the expectations of
your audience.

Reviews background of the problem area.

Identifies merits of previous studies (who, what, when, where, why, how).

For the dissertation project:

Helps to select research methods.

Provides required theoretical framework.

Establishes context and rationale for the study.

Establishes that study does not unintentionally duplicate work already published.

Shows how your study contributes to the knowledge base of the field.

References
Clark, I.L. (2007). Writing the successful thesis and dissertation: Entering that conversation. Upper Saddle
River, NJ: Prentice H

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ABC Healthcare Corporation

Part 1

 

Introduction

This assignment builds on your prior work in the Units 2 and 6 assignments. It is a presentation to your staff describing your analysis, linking what tools you utilized and why you chose those tools. You will use data to support your evidence-base financial decisions. You will also explain your recommendations to maximize stakeholder value, translating those to tactical outcomes to be implemented by your staff.

* Apply the theories, models, and practices of finance to the financial management of an organization.

* Analyze financing strategies to maximize stakeholder value.

* Apply financial analyses to business planning and decision making.

* Use data to support evidence-based financial decisions.

Scenario

The senior leadership has approved your recommendations to move forward. You are now tasked with operationalizing your recommendations. Meeting with your staff, you will translate recommendations to strategies and corresponding tactical objectives. You will explain how you used financial analysis to develop these recommendations, discussing the financial tools you will use to monitor implementation progress.

Your Role

You are one of the high-performing financial analyst managers at ABC Healthcare Corporation and are under consideration for a promotion to Director of Operations.

Requirements

Follow these steps to complete this presentation:

* You are presenting to your staff a summary of the reports presented to senior leadership (Units 2 and 6 assignments).

* Start by presenting the overall current financial condition of the company as presented to senior leadership (one to two slides).

* Provide an overview of your analysis, linking what tools (financial statements, ratios, industry trends, capital structure) you utilized and why you chose these tools (two slides).

* Link the data used to support your evidence-based financial decisions, providing justification for the recommendations (two slides).

* State the recommendations focused on maximizing stakeholder value into strategies newly adopted by the company, i.e., expansion to a new geographical market, the development of a new dividend policy, changes in capital expenditures, reduction of workforce (one slide).

* Translate those strategies to tactical objectives to be implemented by your staff, noting evidenced-based academic citations (one to two slides).

* Discuss what financial tools you will use to monitor the progress of these tactics (one slide).

Deliverable Format

* Be sure to use a bullet format in your slides but also include detailed narrative supported by relevant literature citations in the notes section.

* Ensure written communication is free of errors that detract from the overall message and quality.

* Use at least three scholarly resources.

* Length: 8–10 content slides in addition to title and reference slides.

* Use 12 point, Times New Roman.

Evaluation

By successfully completing this assignment, you will demonstrate your proficiency in the following course competencies through corresponding scoring guide criteria:

* Competency 1: Apply the theories, models, and practices of finance to the financial management of an organization.

* Demonstrate an understanding of key financial tools (financial statements, ratios, industry trends, capital structure, competitive analysis) by providing an overview of the analysis used supporting recommendations made in the Units 2 and 6 assignments. Provide a rationale for why tools were utilized.

* Competency 2: Analyze financing strategies to maximize stakeholder value.

* Link the data used to support evidence-based recommendations, translating the recommendations to strategies focused on maximizing stakeholder value.

* Competency 3: Apply financial analyses to business planning and decision making.

* Translate strategies to tactical objectives to be implemented by staff, noting evidenced-based academic citations.

* Competency 4: Use data to support evidence-based financial decisions.

* Evaluate and recommend financial tools to be used to monitor the progress of these tactics.

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HR Challenge: Selecting the Right Candidate (Internal – External)

HR Challenge: Selecting the Right Candidate (Internal – External)Prepare a 3-4 page analysis considering several possible courses of action that could be used to address issues within a company. You will state how and why you would take each course of action, or if you would not take a specific action, explain why not.This assessment examines how to assess the effectiveness of both internal and external candidates for the jobs for which you are recruiting. There are many views of these two areas of selection and many accurately describe possible outcomes for the organization. Organizational employees, first-line supervisors, and other stakeholders see the value in supporting promotion from within. It saves resources in training, reinforces current employee commitment, and offers the powerful promise of a long-term professional future for those working in the organization. However, organizations with a majority of long-term employees often suffer from a groupthink condition that can do great harm. From the NASA Space Shuttle Columbia disaster in 2002 to the banking failure of 2008, groupthink has the ability to set organizations on a destructive path. One of the outcomes of groupthink is organizational failure. The other consequence is the tendency to become insular, which comes from hiring and promoting people who think more alike than different. Anyone involved in accreditation can tell you that accrediting agencies, whether they are government or private, strongly discourage hiring a school’s own graduates. Accrediting agencies allow only a very small percentage of homegrown faculty members in any school. One of the things they are trying to encourage is the diversity of thought and professional background. These are essential components of organizational success; their absence can do a great deal of damage in organizational decision-making as well as product development.Every individual position that becomes vacant or is new to the organization must be evaluated to determine whether it should be advertised internally only or both internally and externally.Assessment IntroductionScenarioFor this assessment, imagine that you are the Vice President of Human Resources (VP of HR) for CapraTek. The Western sales division has had more turnover than any other part of the company. Since 2010, there have been six different sets of directors and deputy directors for the organization. In three years, the Western sales division has lost 80% of its clients. The other sales division has only lost 2% of its clients. The marketing-science office at the corporate level has been deeply involved in redesigning product development and sales processes, which have become more complicated. It has also become harder for customers to qualify for financing. These actions, while presented as quality efforts, have not led to positive outcomes. Over time, these conditions have raised prices above all competitors. While the organization’s products are of great quality, some products could be over-engineered and possibly too taste specific.Aside from the low morale, the level of turnover at the senior ranks of the division has done harm to employees at all levels of the division. Frontline sales professionals, supervisors, support staff, support leaders, middle managers, and stakeholders are confused about quality standards and approval stages. The CapraTek CEO and COO have consistently selected sales directors and deputy directors from outside the organization, but all were soon terminated for poor performance. The next set of directors was

selected internally from the sales professionals, and they were terminated after about 18 months. Additionally, the job description for this position has been studied and refined multiple times; this is not the issue or answer for this assessment.Your ChallengeAs the VP of HR, consider the following actions and for each one:Describe whether you would execute this action.If you would execute this action, explain how and why.If you would not execute this action, explain why not. Actions to ConsiderSeek consulting services: Seek consulting services from a professional search firm that will take the place of the company human resources staff performing the recruiting effort. The private firm will perform the search for candidates and conduct pre-assessments and interviews before the final candidates are presented to the company. Provide evidence as to why this would be a good decision.Hire from within: Continue to hire candidates from within the organization using the current process of allowing HR and the CEO and COO to make the selections. Provide evidence-basedrationale to support your decision.Conduct an internal Search: Begin an intense internal search within CapraTek for director and deputy director positions to be run by HR, leading to a robust list of candidates for consideration. Describe why or why you would not take this course of action.Assessment InstructionsPrepare a 3–4 page analysis that states how and why you would take each course of action, or if you would not take a specific action, explain why not. All three Actions to Consider must be addressed. Along with your recommendations, include the following:Analyze options available for addressing issues with employee turnover, product development and the sales process, rise in product prices, and operational morale.oWeigh the pros and cons of taking each action.oDetermine whether you would take each action.Explain how available options could be executed.oExplain briefly what steps you would take to accomplish any of the actions you would choose to take.Provide the rationale for each decision to either take or not take a course of action.oDescribe key factors that influenced your decision.oInclude material from your references to support your conclusions.

Review the HR Challenge: Selecting the Right Candidate (Internal – External) Scoring Guide to see the criteria by which your assessment will be evaluated. Before submitting your assessment for evaluation, review your draft in SafeAssign to check your use of source material.Submission RequirementsThe deliverable for this assessment applies professional skills in Human Resources Management (HRM) to workplace situations which you will likely encounter in your day to day work in HRM. As part of your learning, we focus on the development of effective professional communication skills for the workplace.Length: Your plan should be 3–4 typed, double-spaced pages, not including the cover and resources pages. oThe cover sheet should include your name, the course number, assessment title, and date. No other information is required on this page.oEach of the three Actions to Consider should be addressed. oThe resource pages (reference list) should be the last page or pages. Organization: Make sure that your assessment writing is well-organized, using headings and subheadings to organize content for the reader.Font and font size: Times New Roman, 12-point.Resources: Use at least two scholarly or academic sources.Evidence: Support your assertions with data and in-text citations. Use current APA format for intext citations and create a reference list at the end of your documents. APA formatting: Resources and in-text citations are formatted according to current APA Style and Format guidelines.Written communication:oConvey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards.oWrite for a specific audience, using the vernacular of the profession.oUse spell-check and other tools to ensure correct spelling and grammar.Note: Your instructor may also use the Writing Feedback Tool to provide feedback on your writing. In the tool, click the linked resources for helpful writing information.ePortfolioYou should consider adding this assessment to your personal ePortfolio. This assessment demonstrates your ability to analyze issues with employee turnover and selecting the right candidate. This skill is necessary in a professional setting when you are trying to make strategic recommendations. You will want to organize your assessments to easily support future reflection and completion of your HRM

capstone project as well as for showcasing your knowledge with employers after graduation. For more information on ePortfolio, visit the Campus ePortfolio page.Competencies MeasuredBy successfully completing this assessment, you will demonstrate your proficiency in the following course competencies:Competency 1: Develop strategic recruiting approaches and selection methods to support an organization’s talent goals.oAnalyze options available for addressing issues with employee turnover, product development and the sales process, rise in product prices, and operational morale. oProvide the rationale for each decision to either take or not take a course of action.Competency 2: Apply talent mobility practices for an organization.oExplain how available options could be executed.Competency 5: Communicate clearly, accurately, and professionally for the HR field.oSupport main points and recommendations with relevant and credible evidence. oAddress the appropriate audience, using familiar, discipline-specific language and terminology.

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HR Challenge: A Question of Ethics

The other internal employee is the best qualified young man with over eight years in the company. He holds multiple graduate degrees and has extensive professional experience.The announcement of a hiring selection has not been made, but company gossip has already started, reflecting upon the likelihood that the young woman will be chosen because the CEO has an innocent crush. While no allegations of impropriety of any type have been made, the perception of a form of favoritism is present.Your ChallengeThe SHRM code of ethics advises HR professionals to “advocate for the appropriate use and appreciation of human beings as employees.” Using this and other ethical guidelines, should you try to influence the CEO’s selection and recommend that the young man be hired over the young woman? Or should you remain silent? What, if anything, is the CEO doing incorrectly or substantively wrong in this hiring scenario if he selects the woman?InstructionsPrepare a 3–4-page plan that states your recommended course of action. Along with your recommendation, include the following: Analyze ethical challenges presented by an HR management situation. What are the ethical implications for the actions you would take in this scenario? What consequences could occur if you did nothing?Describe key ethical factors considered in the formulation of a proposed HR solution.What is your reasoning for making a recommendation or remaining silent within the context of the SHRM code of ethics? Use references to support your perspective and response to the SHRM code of ethics and this scenario.Explain any legal considerations for the selection function presented by an HR situation.Explain the role of the HR practitioner in advancing a proposed HR solution.Briefly explain the role you will take to influence the eventual outcome. Consider aspects of leadership, negotiation, and consultation. Discuss the application any SHRM behavioral competencies to the process of solving an HR challenge.Which SHRM behavioral competencies do you think are most directly applicable to a successful resolution of this challenge, and why?Additional Requirements

The deliverable for this assessment applies professional skills in HRM to workplace situations that you will likely encounter in your day-to-day work in HRM. As part of your learning, we focus on the development of effective professional communication skills for the workplace. Your assessment should meet the following additional requirements:Length: Your plan should be 3–4 typed, double-spaced pages, plus the cover and resources pages.The first page should be a cover sheet with your name, the course number, assessment title, and date. No other information is required on this page.The last page should be the reference list.Organization: Make sure that your assessment writing is well organized, using headings and subheadings to organize content for the reader.Font and font size: Times New Roman, 12 point. Resources: Use 2–8 references from both trade publications and peer-reviewed articles.Evidence: Support your assertions with data and/or in-text citations.APA formatting: Resources and in-text citations are formatted according to current APA style and formatting.Written communication:Support main points and recommendations with relevant and credible evidence. Address the appropriate audience, using familiar, discipline-specific language and terminology.Use spell-check and other tools to ensure correct spelling and grammar. Note: Faculty may use the Writing Feedback Tool when grading this assessment. The Writing Feedback Tool is designed to provide you with guidance and resources to develop your writing based on five core skills. You will find writing feedback in the Scoring Guide for the assessment, once your work has been evaluated.Portfolio Prompt: You may choose to save this learning activity to your ePortfolio.Competencies MeasuredBy successfully completing this assessment, you will demonstrate your proficiency in the following course competencies:Competency 1: Analyze the ways in which the human resource function contributes to individual and organizational performance. Discuss the application any SHRM behavioral competencies to the process of solving an HR challenge.

Competency 2: Analyze the impact of the legal environment of human resource management policies and practices. Explain any legal considerations for the selection function presented by an HR situation.Competency 4: Apply the ethical standards of the profession to human resource management policies and practices. Analyze ethical challenges presented by an HR management situation. Describe key ethical factors considered in the formulation of a proposed HR solution.Competency 5: Analyze the strategic and operational roles that a human resource practitioner plays within an organization.Explain the role of the HR practitioner in advancing a proposed HR solution.Competency 6: Communicate clearly, accurately, and professionally in the human resource management field.Support main points and recommendations with relevant and credible evidence.Address the appropriate audience, using familiar, discipline-specific language and terminology.ReferenceSociety for Human Resource Management. (n.d.). Bylaws & code of ethics. Retrieved from http://www.shrm.org/about/Pages/code-of-ethics.aspx

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Employing Capital Budgeting and Risk

Part A

 

Employing Capital Budgeting and Risk

These resources will help you to complete this discussion:

  • Nockolas, S. (2015). How do you calculate payback period using Excel? Retrieved from https://www.investopedia.com/ask/answers/051315/how-do-you-calculate-payback-period-using-excel.asp
  • Ross, S. A., Westerfield, R. W., Jaffe, J. F., & Jordan, B. D. (2018). Corporate finance: Core principles and applications (5th ed.). New York, NY: McGraw-Hill.
    • Chapter 9, “Risk Analysis, Real Options, and Capital Budgeting,” pages 262–286. The concept of risk is introduced in this chapter.
  • Sham, G. (n.d.). Capital budgeting: Wrapping it all up. Retrieved from https://www.investopedia.com/university/capital-budgeting/conclusion.asp

Risk is an important aspect of business and investment. The impact of risk needs to be measured on all capital projects and investments. In fact, most accomplished investors consider the measure and management of risk to be more important than the consideration of investment return. If risk is considered effectively, the returns will tend to take care of themselves.

To gain a full understanding of the impact of risk on the success or failure of capital projects, you can see the different views of risk and that all should be considered. For this discussion, you are a financial analyst of a mid-sized corporation, and the CFO has come to you with a pet investment project. The CEO has done a preliminary analysis using NPV, IRR, payback period, and PI, and it appears to be a worthy project that should add significant value to the firm. However, the CFO has a feeling that the CEO has failed to incorporate risk into the analysis. He has asked you do some risk analysis of the project to see if that will alter the final decision to invest or not.

Prepare a post that responds to these questions:

  • What type of risk analysis would you incorporate into your analysis?
  • How reliable are these analyses?

Make sure you provide examples and resources to support your statements.

Part B

Evaluation of Capital Projects

Introduction

This assignment is about one of the basic functions of the finance manager, which is allocating capital to areas that will increase shareholder value and add the most value to the company. This means forecasting the projected cash flows of the projects and employing capital budgeting metrics to determine which project, given the forecast cash flows, gives the firm the best chance to maximize shareholder value. As a finance professional, you are expected to:

  • Use capital budgeting tools to compute future project cash flows and compare them to upfront costs.
  • Evaluate capital projects and make appropriate decision recommendations.
  • Prepare reports and present the evaluation in a way that finance and non-finance stakeholders can understand.

Scenario

Senior leadership has now called upon you to analyze three capital project requests based on forecasted cash flow as they relate to maximizing shareholder value.

Your Role

You are one of Maria’s high-performing financial analyst managers at ABC Healthcare Corporation and she trusts your work and leadership. Senior leadership was impressed with your presentation in the Unit 2 assignment and they are tasking you with the analysis of these three proposed capital projects based on forecasted cash flow. You have completed forecasting the projected cash flows of the projects as reflected in the attached spreadsheets. You now need to conduct your analysis recommending which will provide the most shareholder value to the organization.

Requirements

  • Use capital budgeting tools to compute future project cash flows and compare them to upfront costs. Remember to only evaluate the incremental changes to cash flows.
  • Employing capital budgeting metrics, determine which project, given the forecast cash flows, gives the organization the best chance to maximize shareholder value.
  • Demonstrate knowledge of a variety of capital budgeting tools including net present value (NPV), internal rate of return (IRR), payback period, and profitability index (PI). The analysis of the capital projects will need to be correctly computed and the resulting decisions rational.
  • Evaluate capital projects and make appropriate decision recommendations. Accurately compare the indicated projects with correct computations of capital budgeting tools and then make rational decisions based on the findings.
  • Select the best capital project, based on data analysis and evaluation, that will add the most value for the company. Provide a rationale for your recommendations based on your financial analysis.
  • Prepare reports and present the evaluation in a way that finance and non-finance stakeholders can understand.

 

Project A: Major Equipment Purchase
  • A new major equipment purchase, which will cost $10 million; however, it is projected to reduce cost of sales by 5% per year for 8 years.
  • The equipment is projected to be sold for salvage value estimated to be $500,000 at the end of year 8.
  • Being a relatively safe investment, the required rate of return of the project is 8%.
  • The equipment will be depreciated at a MACRS 7-year schedule.
  • Annual sales for year 1 are projected at $20 million and should stay the same per year for 8 years.
  • Before this project, cost of sales has been 60%.
  • The marginal corporate tax rate is presumed to be 25%.