QUALIFI Level 5 Diploma in BUS506 Risk Management and Organisations Assignment Brief

Qualifi Level 5 Diploma in Business Management

Assignment Brief BUS506

Introduction

Prior to attempting this coursework assignment, Learners must familiarise themselves with the following policies:

• Centre Specification can be found at https://qualifi.net/qualifi-level-5-diploma-in- business-management/
• Qualifi Quality Assurance Standards
• Qualifi Quality Policy Statement

This module will involve the Learner developing risk profiles and identifying risk management strategies for selected case studies. These will be available on-line as used as a means to illustrate the different ways organisations approach change. The course material will be closely linked with creativity and innovation.

Assignment Guidelines

All work must be submitted in a single electronic document (.doc/.docx file). The assignment must be the Learner's own work and not copies of theories or models. Direct quotes should be kept to a minimum, and shown in inverted commas. Models described and other quotes used must be properly attributed and referenced as appropriate. Learners must acknowledge or reference any sources that have been used to complete the assignment, listing reference material and web sites used.

Plagiarism and Collusion

In submitting the assignment Learner's must complete a statement of authenticity confirming that the work submitted for all tasks is their own. The statement should also include the word count. Plagiarism and collusion are treated very seriously. Plagiarism involves presenting work, excerpts, ideas or passages of another author without appropriate referencing and attribution. Collusion occurs when two or more learners submit work which is so alike in ideas, content, wording and/or structure that the similarity goes beyond what might have been mere coincidence.

Appendices

Separate Appendices should not be used. Any use of tables, graphs, diagrams, Gantt chart and flowcharts etc. that support the main report should be incorporated into the back of the assignment report that is submitted. Any published secondary information such as annual reports and company literature, should be referenced in the main text of the assignment but not included.

Confidentiality

Where a Learner is using organisational information that deals with sensitive material or issues, they must seek the advice and permission from that organisation about its inclusion. Where confidentiality is an issue, Learners are advised to anonymise their assignment report so that it cannot be attributed to that particular organisation.

Word Count Policy

In total, the assignment should be between 3000-4000 words. Learners must comply with the required word count, within a margin of +10%. These rules exclude the index (if used). headings and information contained within references and bibliographies. When an assessment task requires learners to produce presentation slides with supporting notes, the word count applies to the supporting notes only.

Marking and grades

Qualifi uses a standard marking rubric for all assignments, and you can find the details at the end of this document.
Unless stated elsewhere, Learners must answer all questions in this document.

Referencing and Professionalism

A professional approach to work is expected from all learners. Learners must therefore identify and acknowledge ALL sources/methodologies/applications used. The learner must use an appropriate referencing system to achieve this. Marks are not awarded for the use of English; however the learner must express ideas clearly and ensure that appropriate terminology is used to convey accuracy in meaning.

Submission of Assignments

All work must be submitted in a single electronic document (.doc/.docx file) in your Learning Portal or to submit to the Assessor/Centre Administrator.

Assessment Tasks

Learners may use their own employment context to write an assignment based on the Assessment Tasks. Assessment Tasks are the intended learning outcomes of the unit, which are linked to Assessment Criteria. These Assessment Criteria are descriptions of the skills a learner is expected to meet to demonstrate that a Learning Outcome has been achieved.

You are required to produce sufficient evidence for each assessment criterion in order to meet learning outcomes of the unit

Scenario

If you are not in employment, please use the following scenario.

You work as a Senior Retail Manager of Adidas, which is a global leader in sports and fitness equipment. Your job roles and responsibilities are recruiting, training, supervising and appraising staff, managing budget, overseeing products, pricing and stocks, preparing promotional materials, attracting new customers and liaising with the head office. As a part of your job, you manage and lead various teams within the company to achieve specific tasks such as sales, promotional, and staff development. Your organisation is using a Risk-based approach to identify, assess and investigate all risks within the business operations. You are providing an insight into the different risk profiles from both your organisation and on an individual's perspectives to evaluate business environment and manage innovation. You are asked by the Directors to o review, identify, assess and investigate based on the following assessment tasks about how to manage innovation risk so that innovation can be used to create advantage against your competitors in the sector.

Task 1: Organisations and Risk

Formative Assessment

In what ways will Risk and Incident Management impact on the workings of an organisation? In your analysis, you must include

• How entire organisations, from the boardroom to the workplace plan effectively to control for Risk Management
  Identify and explain examples of risk tolerance within the organisation
  A discussion of how tolerance can be measured and evaluated
  Formatting:
  900-1100 words
  Justified alignment Single-spaced
  12pt Times New Roman font
  Use an appropriate referencing system for footnotes and citations

Task 2: Risk in your organisation

Summative Assessment

Based on the principles of Risk Management, evaluate the management of risk in an organization of your choosing.

Your analysis must include:

An outline of how Risk is planned for within the organization, including strategies and techniques of risk control (LO 2.1, 2.2, 3.1)
The critical stages for managing Risk within the organization, including identifying. investigating, reporting and recording incidents (LO 2.3)

• An judgment about the relationship between risk and innovation within the organisation (LO 2.3, 3.2)

BUS506 Assessment Criteria

Assessment of this learning outcome will require a learner to demonstrate that they can: 2.1 Produce a risk profile for an organisation.
2.2 Review and comment on risk profiles of organisations in different industries.
2.3 Discuss enterprise wide risk and the benefits and drawbacks of such an approach. 3.1 Analyse the possible risks of innovation in an organisation.
3.2. Produce examples of how to manage innovation risk so that innovation can be used to

Formatting:

• 1900-2100 words
• Justified alignment Single-spaced
• 12pt Times New Roman font
• Use an appropriate referencing system for formatting and citations