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Castle Nursing Home PLC is a large nursing home chain in the UK that has experienced rapid growth. This growth has led to operational issues with maintaining a uniform approach across its 200+ homes. The company now needs to streamline operations to improve quality of care and repair its reputation. As Operations Executive, the candidate has been asked to compile a report analyzing the company's position and recommending a strategic plan. The report should address performance targets and evaluation, the role of information systems in decision-making, reasons for and against cash flow forecasting and investment appraisal techniques, and analyze financial data showing declining profits.
Castle Nursing Home PLC is a large nursing home chain in the UK that has experienced rapid growth. This growth has led to operational issues with maintaining a uniform approach across its 200+ homes. The company now needs to streamline operations to improve quality of care and repair its reputation. As Operations Executive, the candidate has been asked to compile a report analyzing the company's position and recommending a strategic plan. The report should address performance targets and evaluation, the role of information systems in decision-making, reasons for and against cash flow forecasting and investment appraisal techniques, and analyze financial data showing declining profits.
Castle Nursing Home PLC is a large nursing home chain in the UK that has experienced rapid growth. This growth has led to operational issues with maintaining a uniform approach across its 200+ homes. The company now needs to streamline operations to improve quality of care and repair its reputation. As Operations Executive, the candidate has been asked to compile a report analyzing the company's position and recommending a strategic plan. The report should address performance targets and evaluation, the role of information systems in decision-making, reasons for and against cash flow forecasting and investment appraisal techniques, and analyze financial data showing declining profits.
Level 5 Diploma in Business and Administrative Management
Candidate guidance Group 1: Strategic administration of operations, information and finance
Assignment A
IMPORTANT NOTE: When answering the assignment candidates must: answer only one assignment per unit show knowledge and understanding of the subject area use analysis and evaluation in their answers apply concepts and working practice through the use of relevant contemporary organisational examples.
Group 1: Strategic administration of operations, information and finance Assignment A Task
2012 IAM IAM Level 5 Diploma in Business and Administrative Management Assignment: A Version 1
2
This page is intentionally blank Group 1: Strategic administration of operations, information and finance Assignment A Task
2012 IAM IAM Level 5 Diploma in Business and Administrative Management Assignment: A Version 2 3 Instructions for completing your assignment Your assignment must be based on your own working practice or on examples drawn from one or several organisations with which you are familiar.
You must show knowledge and understanding of the syllabus for this unit, including the mandatory and recommended reading as well as the IAM study materials.
Your assignment must address the learning outcomes, and include analysis and evaluation of the issues and topics you discuss.
Task
Castle Nursing Home PLC is a chain of residences for old age pensioners in the North of England and has become one of the largest nursing home companies in the United Kingdom (UK).
Castle Nursing Home has grown and re-organised significantly in the last five years that it has become extremely difficult to establish and maintain a uniform approach to operations across the organisation. The company has over two hundred nursing homes in total and has to streamline in order to maintain their quality service and reputation which has taken a bit of battering in the press recently, stating that the organisation has become disjointed, mismanaged and lost focus around their level of care provided to their residents.
Without a clear focus for the future and a significant strategic direction, Castle Nursing Home will undo all of their recent hard work and dedication of their staff and management who have worked tirelessly to get the company to where it is today. Shareholders, directors, managers and employees are aware of the great success the organisation has had in recent years but they are equally aware that it could be a case of too much, too quickly.
You are the Operations Executive for Castle Nursing Home and the Director of the company recently sent you an e-mail outlining possible functional strategic plans for the next five years. As a senior member of the management team you have been asked to compile a report to outline your view of the position of the business, to help move the company forward in an efficient and effective way so as to re-establish and maintain the reputation of the company for residents, staff and shareholders alike.
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Group 1: Strategic administration of operations, information and finance Assignment A Task
2012 IAM IAM Level 5 Diploma in Business and Administrative Management Assignment: A Version 1
4 Task (continued) Your report should include: Performance: The role of operations within the company The importance of the business meeting relevant performance targets The importance of the business using performance evaluation The impact of a range of quality improvement techniques to increase competitive advantage. Information: The role of information in strategic decision-making What type of information systems can be used by management and what support they offer The reason for quantitative techniques in decision-making The use of systems approach to solve problems and make decisions Finance: Reasons for and against cash-flow forecasting The importance of marginal costing and break-even analysis as part of the decision- making process The possible implications of capital investment decisions The use of relevant investment appraisal techniques Analyse the following financial information supplied by the director for 2010 and 2011 and discuss the trend/findings:
Balance sheet figures Trading profit and loss figures 2010 2011 2010 2011 Fixed assets 190,000 120,000 Sales 600,000 570,000 Current assets 300,000 173,500 Cost of sales 440,000 450,000 Stock 140,000 75,000 Gross profit 160,000 120,000 Current liabilities 131,000 151,000 Expenses 105,000 88,000 Working capital 169,000 22,500 Net profit 55,000 32,000 Net current assets 359,000 142,500
Note: this case study is fictitious.
Word count: 2500-3000 Candidate cover sheet
2012 IAM IAM Level 5 Diploma in Business and Administrative Management Assignment: A Version 1
5 Coursework submissions are marked anonymously, so please do not state your name anywhere on the coursework.
Candidate name Candidate number Membership number/learner code Centre name (leave blank if independent candidate)
Coursework title (identify task A or B if appropriate)
Word count (excluding bibliography) Submission date
One copy of your coursework must be submitted electronically to your IAM co-ordinator, together with a completed electronic copy of this document. In addition, you must submit one hardcopy version of this coversheet to your IAM co-ordinator.
For word count requirements, please refer to the syllabus for your qualification. Any coursework submissions which do not conform to the appropriate word limits for the assessment level are liable to lose marks.
Authentic work declaration I declare that the attached is my own, authentic work. I am aware of, and accept, all applicable IAM regulations governing student malpractice, and have referenced my work in accordance with the IAM Referencing Guidelines. Plagiarism declaration I have read and understood the IAM guideline on plagiarism, as set out in the IAM handbook. In particular I understand that plagiarism, if detected, will lead to a zero mark and possible suspension from IAM registration.
Candidate signature (hardcopy cover sheet only) Date