Performance Analysis And simulation

Assessment 2.1: Semester Report

Assessment Declaration

In participating in this assessment, you acknowledge that you have read, understood and agree to the content and expectations of the RMIT Assessment policy.

  • This policy and other information about assessment at RMIT can be found at the RMIT Student Essentials web site.

Mode: This assessment item is done Solo.

Word length: 3,500 words maximum.

Weighting: The Report assessment is worth 38 marks for the semester.

  • As this assessment item is the equivalent of an end-of-semester examination, your Report mark will not be made available, except through the formal RMIT Clarification of Results process.
  • This means that you will not receive a specific mark for this submission in the Grades area of the Canvas website for this course.

Request for Extension: As this Report is the equivalent of an end-of-semester exam, any request for extension must be made through the formal RMIT Special Consideration process at this RMIT website:   Special Consideration (Links to an external site.)

Learning Outcome/s: This assessment activity is designed to allow you to demonstrate your capacity to communicate about and justify your business decisions.

Rubric / Marking Criteria: The rubric for the Report is below.

Task/s: This Report assessment activity requires you to:

  1. collect relevant business data and performance metrics concerning your company and the marketplace in both the Practice Rounds activity and the Comp XM activity;
  2. outline the lessons you learnt about business decision-making in the Practice Rounds,
  3. critically evaluate and analysis the performance of your company in the solo Comp XM activity;
  4. reflect upon your personal development as a business decision-maker, with reference to how you used the SMART Goals techniques;
  5. provide evidence that you have completed the SMART Goal activity.

The full detail of the requirements of the Semester Report can be found below.

 Rationale: In this assessment, you are required to evaluate and reflect on your experience of, performance as, and lessons learnt as a strategic decision-maker. This reflective process provides you with the opportunity to make connections between the learning experience in this semester, and your other semesters, and your personal or professional growth as a business decision-maker.

  • WIL Focus: The report, among other things, will require you to make a comprehensive analysis of the business decisions you made in the Capstone and the Comp XM simulations and to demonstrate your understanding of the implications for business operations and results as a consequence of the decisions you made.

 

Report Content Requirements

Your Report will be marked on both how well it addresses the issues set for discussion below and on its presentation quality. We strongly recommend that you read the requirements herein and diligently follow them.

  • Points will be lost if you fail to follow these requirements.

If you have any questions about this assessment and its requirements, seek clarification from ACCT 1028 Teaching staff as soon as possible.

 

Report format template.

Your Report submission must use the formal template that is provided here:  Report template

Actions

 

Report Sections

 Front Page – Cover Sheet (not part of word count)

  • To ensure that we can identify you for the awarding of marks and to satisfy formal submission requirements of RMIT University, the front page of your submission must be the RMIT Cover Sheet for Submission of Work for Assessment.
  • This form is included in the Report template above.

 

Table of Contents (not part of word count)

  • This page should list the major sections of your submission and their page number.
  • [The Table of Contents function in Microsoft Word can do this automatically for you.]

 

Section 1: Lessons Learnt about business decision-making in the Practice Rounds

(up to 600 words)

In this section, you are required to outline and discuss the major lessons you have learnt about your business decision-making skills in the Practice Rounds.

  • In this discussion, ensure that you cover business decision-making skill areas you improved and/or did not improve in during the Practice Rounds.

NOTE: while students may have been in the same Capstone company during the Practice Rounds, each student’s Section 1 should be specific to their own personal and individual experience of running a business and of developing business decision-making skills during the Practice Rounds.

USE OF DATA & EVIDENCE: Any claim you make about your strategic decision-making performance in the Practice Rounds MUST be substantiated by reference to the appropriate data from your company’s Practice Rounds Balanced ScoreCard metrics.

  • Appendix 1 summarises your company’s Practice Rounds Balanced ScoreCard metrics and the template for this is in the Report template above.

Discussion on lessons learnt in practice rounds using appropriated data and evidence from your company’s Practice Rounds Balanced ScoreCard metrics is the major element of Section 1. However, if appropriate, you can discuss other relevant business metrics and business results, if word length criteria has not been exceeded.

 

Section 2: Evaluation of Comp XM performance

(up to 2,300 words in total)

In this section, using the headings provided in the Report template, you are required to evaluate and explain your strategic business planning and decision-making in the Comp XM Activity.

  • In particular, you need to discuss the success, or not, of your company’s performance as revealed in your company’s Comp XM Balanced ScoreCard and Re-Cap metrics.

Ensure that you discuss how well, or not, your company’s decisions addressed the changing trends, behaviour and requirements of the segments, customers and competitors in your marketplace.

  • It is also important to note if and explain why any of your Balanced ScoreCard and Recap metrics scored poorly overall and/or deteriorated in any round/s.

NOTE: this section should NOT be a chronological description of results obtained during the Comp XM activities.

  • Instead, it needs to be a justification for the decisions you made and explanation as to why these decisions were successful or not.

USE OF DATA & EVIDENCE: Any claim you make about your strategic decision-making performance in Comp XM must be substantiated by reference to the appropriate data from your company’s Comp XM metrics and business results (financial figures and/or other relevant figures).

 

Section 3: Reflection on Development in Personal Business Decision-making skills

(up to 600 words)

 In this section, you are required to outline and discuss:

  • which personal planning areas and task management skills you developed and/or improved;
  • how you integrated the major components of the “SMART Goalsmicro-credential activity into your planning, task management and business decision-making this semester.

NOTE: while students may have been in the same Capstone company during the Practice Rounds, Section 3 is to be a discussion of a person’s individual experience of running a business and of developing business decision-making skill in both the Practice Rounds and the Comp XM activities.

  • As the Comp XM Activity is done solo, there should be very little similarity between students, even those who were in the same Capstone company during the Practice Rounds.

 

Appendixes (not part of word count)

 Appendix 1:  Practice Rounds Balanced ScoreCard

  • Completing Appendix 1 is compulsory and marks will be lost if it is not done.
  • The template for Appendix 1 is already included in the Report Template, available above.

 

Appendix 2: SMART Goals micro-credential completion Badge

  • Appendix 2 is compulsory and marks will be lost if it is not included.
  • For Appendix 2 you are required to produce and paste into your report a graphic of the Badge of Completion for finishing the SMART Goal micro-credential.
  • How to obtain your completion Badge is outlined in the ACCT 1028 Canvas web-site, Modulesarea, RMIT Creds – SMART Goals

 

Other Appendixes

  • Apart from the content and data requirements stated above, your report can include appendixes if you believe that the data and material in these appendixes are relevant to your discussion and analysis.
  • It is strongly recommended that you label and name all other appendices, and their data, tables and graphs, in a sensible and rational manner.

 

Use of Data and Evidence

Any claim you make about your strategic decision-making performance in Section 1 Lessons Learnt and Section 2 Evaluation of  Comp XM MUST be substantiated by reference to the appropriate data in the relevant Balanced ScoreCard metrics in the Practice Rounds and in the Comp XM Activity, the relevant Capstone Courier and Comp XM Inquirer results, and the relevant Industry Conditions Report from both the Practice Rounds and Comp XM.

Please note the following regarding obtaining and accessing data about your company’s performance in the Comp XM activity.

After completing Comp XM:

  1. You will have access to all your 4 Balanced ScoreCards, plus the recap Final Balanced Scorecard.
  2. You will only have access to the final Inquirer, not to the previous Inquirers.

To ensure you have access to data in the Inquirers of all Comp XM Rounds you need to extract that data from each Inquirer per each round of Comp XM. Therefore, students are advised to save Comp XM Inquirer of each round before proceeding to next round.

NOTE: The final Inquirer provides you with substantial historical information about the performance of your Comp XM company and the success, or not, of your decision-making. For example: in your final Inquirer, the round 4 Inquirer, you can find:

  • On Page 2, historical share price changes.
  • After page 11, your company, called Andrews, has historical data about Profits and Market Share; plus historical data on these ratios: Return on Equity, Return on Sales, Return on Assets and Asset Turnover.

The above items should be the source of the Comp XM evidence when you discuss your Comp XM business decision-making.

Solo Work

  • This Report is expected to be your own work, done solo.
  • While it is likely that students who were in the same Capstone company during the Practice Rounds will have a degree of similarity in the data that they use, their discussion of their experience of running a business and of developing business decision-making skill not be identical as this is based on individual experiences in both the Practice Rounds and the Comp XM activities.
  • As the Comp XM Activity is done solo, there should be very little similarity between students, even those who were in the same Capstone company during the Practice Rounds.

Presentation

  • Use Font size 12 and double spacing.
  • Page margins to be at least 2.5 centimetres for top, bottom and sides.
  • Label all graphs and tables (including the ones in the Appendices, if you have any).

Submission of Report

  • Your Report must be in the Report template supplied above.
  • Your Report must be submitted via the digital submission portal in the Assignment area of the Canvas web site for this course. [This portal is at the bottom of this Canvas web page.]
  • This submission portal will automatically use the Turnitin plagiarism checking software to evaluate the originality of your submission.
  • Your submission is to be one (1) document only: meaning that the title page, the body of the report and all the appendices are all submitted as one file, not separate submissions.
  • Do not provide a printed copy of your Report to your teachers. It will not be marked; only digital submissions will be marked. The digital submission is an important part of ensuring that we have a formal record of when and what you submitted.
  • You must keep your own copy of the Report submission and be able to provide this copy immediately if requested. This copy should not have “Date Modified” data that is after the formal submission date.

 

Suggested work schedule for the Semester Report

Below is a suggested schedule for doing the Semester Report.

RMIT Teaching Weeks 1 to 3

  • Read the requirements for the Report in the Course Guide and/or the Semester Report item in the ACCT 1028 Canvas, above.
  • Contact ACCT 1028 Teaching staff immediately if you require any clarity on any issue or item.

RMIT Teaching Weeks 4 to 9

  • Commence collecting data for and drafting the text needed to answer the requirements of Section 1 of the Report.
  • Commence drafting the points required to address Section 3 of the Report.