Policy Modelling (Group Exercise)
Strategic Management – Porter’s Five Forces model
NЕWS MЕDIА АRTIСLЕ
A selection of news media articles will be provided via below. Students are to choose one (1) news media article from the articles provided. Students are to write in full prose and answer the following questions for their chosen article, in approximately 300 words per answer:
1) What is the article about? What is it overtly/covertly suggesting?
2) Who is it written by/for? (Why might this be significant?)
3) Who is the publisher? (Why might this be significant?)
4) What are some of the underlying assumptions, values, and ideologies found in the article?
5) What concepts does this article demonstrate?
Students are to conduct an analysis of the news media article using their own research and the concepts from the unit. At least one (1) academic reference (so five [5] in total) should be used in answering the questions. The same reference should not be used for more than one (1) answer. The short answer questions are to be written in scholarly prose (as taught in class – see the Anderson & Poole chapter in Week 1) and bullet points are not to be used. In-text referencing and a short reference list is to be included as part of each answer. Note that one (1) reference is the bare minimum, and may not be sufficient for achieving higher than a pass grade in that particular criterion. Students are to use the Harvard referencing style. Page numbers are required for in-text references. If you cannot find the year of publication, the reference is more than likely not acceptable for your university studies. Details are provided on the UC Library website here: http://canberra.libguides.com/referencing/harvard.
The news media analysis is to be 300 words per answer with a tolerance of +/- 10% (so 1,500 words overall +/-10%). The task is not to simply summarise the article, but to analyse the article using the concepts taught in this unit. The answers to the questions are to contain a clear argument and the analysis is to be supported by evidence.
What is an academic reference? If you are not using journal articles as references, then your work is far below the expected standard. If you are unsure of how to access journal articles, please seek assistance. High quality, academic sources (references) are listed below in order of quality from highest to lowest:
- Academic journal articles;
2. Academic books, including edited books;
3. Reports from international institutions such as the OECD and World Bank;
4. News media articles;
5. Government websites; and
6. Websites from businesses, industry groups, consumer groups or professional bodies
Write in the third person: Students must write in the third person for this assignment. For example, rather than writing ‘In this paper, I will discuss…’, write: ‘This paper will discuss…’. Writing in the third person is a formal writing skill which you must practise while undertaking this unit. If you do not write in the third person for this assignment your work may be heavily penalised.
Assessment criteria and additional information: This section is to be read in conjunction with section 6h: Additional Information. Assessment criteria include the information provided in this unit outline, information provided in lectures, tutorials and/or online discussions, and the additional information provided in this section. Failure to read this unit outline or to attend classes (or, where relevant, participate online) does not constitute grounds for special consideration or review of results.
News Media Case Studies. Read, watch, or listen to one (1) of these.
Videos
ABC’s Four Corners
- Recycling Glass: http://www.abc.net.au/4corners/stories/2017/08/03/4711891.htm
- Home Insulation Scheme: http://www.abc.net.au/4corners/special_eds/20100426/insulation/
- Energy Industry: http://www.abc.net.au/4corners/stories/2017/05/08/4663424.htm
- Murray-Darling Basin: Water: http://www.abc.net.au/4corners/stories/2017/07/24/4705065.htm
Text
The Guardian
Tesla to build world’s biggest lithium ion battery in South Australia: https://www.theguardian.com/australia-news/2017/jul/07/tesla-to-build-worlds-biggest-lithium-ion-battery-in-south-australia
The Australian
Economic and Social Outlook Conference: populism paralyses policy: http://www.theaustralian.com.au/news/inquirer/economic-and-social-outlook-conference-populism-paralyses-policy/news-story/89e2e4a4583ac34ac89126e28cdd76ec
The Age
Dodgy from the start: don’t blame Turnbull for Labor’s flawed NBN
http://www.theage.com.au/comment/dodgy-from-the-start-dont-blame-turnbull-for-labors-flawed-nbn-20170809-gxsa5v.html
Centre for Independent Studies
Investors not to blame for rise in renters
https://www.cis.org.au/commentary/articles/investors-not-to-blame-for-rent-rise/
Green Left Weekly
A rose by any other name: Why the gig economy is just rebranded piece workhttps://www.greenleft.org.au/content/rose-any-other-name-why-gig-economy-just-rebranded-piece-work
New York Times
The End of the Australian Dream?
https://www.nytimes.com/2017/05/01/opinion/the-end-of-the-australian-dream.html?rref=collection%2Fspotlightcollection%2Feditorials-and-opeds-about-australia&action=click&contentCollection=opinion®ion=stream&module=stream_unit&version=latest&contentPlacement=10&pgtype=collection&_r=0
Podcasts
The Guardian
Is Neo-liberalism Dead? https://soundcloud.com/theguardian/is-neoliberalism-dead-ed-balls
Alan Jones
The South Australian Power Crisis https://itunes.apple.com/au/podcast/alan-jones-comments-8th-november-2016/id75464796?i=1000377602438&mt=2
Apply at least two appraisal methods to the analysis of a real-life project
Question: Apply at least two appraisal methods to the analysis of a real-life project.
Background
In this module, you have learned three appraisal tools, including the NPV approach, the Monte Carlo Simulation, and real options analysis. In this term project, you are required to apply at least two of them to the analysis of a real-life project. (NPV is compulsory, another recommended is Monte Carlo)
Requirements
- Choose and apply at least two of the three appraisal tools in your If you decide to apply all of them, you might get up to 10% bonus marks if the analysis is soundly conducted.
- Review the literature associated with the application of two or three appraisal tools employed in your analysis (preferably, 3-5 academic journal papers for each approach).
- Justify the choice for your (i.e., whether you have chosen the right appraisal techniques for the project of your interest.). The project can be ongoing or finished. It can be in any country. It can be of any type. However, an energy project would be interesting to investigate. (real data of a project with references)
- Clearly explain the assumptions you make in the estimation of project cash For example, if you estimate revenue on the basis of a constant growth rate, you have to explain why the rate is not expected to change over time. It can be justified through an analysis of market competition conditions by using, say, Michael Porter’s five forces model or SWOP.
- Clearly explain how you choose the project discount rate in the analysis of project NPV and
- Clearly explain the other assumptions you make in the application of ROA or/and the Monte Carlo simulation
- Compare the results obtained from different If there is any disparity between them, explain the reason and assess which result is more reliable.
- (Bonus mark) I will be impressed if you can conduct interviews to elicit experts’ view on the assumptions you make in the analysis and on the plausibility of your appraisal You are also encouraged to compare your results with those from your peers. But remember you still need to demonstrate why it is beneficial
to make comparisons with others’ results. In other words, you need to explain why there are extra insights to be gained.
Word length
3000 words
Useful information sources/references
- Your literature review is expected to cover important papers published by the leading journals in the field of project/construction management:
ASCE Journal of Construction Engineering and Management International Journal of Project Management
Construction Management and Economics ASCE Journal of Management in Engineering Building Research and Information
Firstly, you need give an introduction with purpose of paper. And then apply some literature with the methods. And then justify the choice of project with background information, it should be real example with real data (government or public project is good example because the documents or data are usually provided), that means you need choose a real project with real data again!Clearly explain the assumptions you make in the estimation of project cash flows (growth rate), and it can be justified through an analysis of market competition conditions by using, say, Michael Porter’s five forces model or SWOP (just as simple explanations, it is not supposed to write too many words in this part and put focus on methods.). You need do NPV calculation and Monte Carlo Simulation through graph and table in detail (by excels)!!
For NPV, you need provide calculation graph and explain it, example as follow. E.g you need give real NPV of a project chosen at a certain year and give assumptions of the estimation of project cash flows based on the explanation of SWOP or Michael Porter’ five forces and explain it.
For discount rate, you can get it through analysis and calculation of:
CAPM-Cost of equity
WACC-cost of equity and cost of debt
For Monte Carlo, you need give Distribution graph. Assumptions should also be provided. And explain it.
(e.g. revenue can be gained based on the number of customers and average spend of customers, that might be different in different project; Cost
Tutor’s marking criteria评分标准
Specific Criteria:
Introduction: is the purpose of the paper clearly stated?
Have prior studies on the application of the chosen methods well reviewed? (good literature review)
What methods are chosen in the analysis?
Is the background information of the project provided? (real data!!!)
NPV: (1) Have the assumptions made in the analysis well stated?
(2) Has the choice of discount rate well explained?
(3) Has the estimation of cash flows been well explained?
(4) Has the NPV calculation been well executed?
Monte Carlo Analysis:
- Has the choice of key risk sources been well explained? (standard devintion)
- Has the estimation of key parameters of risk variables been well explained?
- Has the procedure of implementation well explained? (the choice of distribution)
- Has the simulation result been well shown?
- Has the result from the Monte Carlo approach been compared with that from the NPV approach?
Real options analysis (ROA):
- Have real options been plausibly and clearly identified?
- Has the choice of key risk resources been well explained?
- Has the estimation of key parameters of risk variables been well explained?
- Has the binomial tree been well drawn?
- Has the result from ROA been compared with that from the NPV approach?
Have conclusions given a summary of key findings?
What do you believe are the most common and emerging issues facing leaders and managers in medical laboratory services
personalisation and mass customisation
personalisation and mass customisation
how poverty exert adverse impacts on economic development in China
sexual harassment on transport case study
Introduction of criminal justice
The triangle factory fire Progressivism came into context in the year 1992 politics for the first time. The two major election contenders after the votes were counted were all progressives. These two were Woodrow Wilson from the democratic party who became the president and Theodore Roosevelt from the progressive party’s. The election was really transformative. It posed a challenge to citizens to reconsider their rights and the constitution which led to an important movement from the decentralized republic that had prevailed since the early 19th century. The 1912 election did not entirely change the American democracy but it marked the beginning of the journey to transformation. Although critically analyzing Roosevelt won the elections in 1992 in the sense that the causes he championed with extraordinary panache still alive today. (Crew et al. pp 7-12) The triangle fire The fire in the Triangle Factory in new York city on march 25,1911 was the deadliest industrial calamity in the history of the city and one of the deadliest in the united states history. The fire led the deaths of 146 garment workers consisting of 23 men and 123 women who perished from the fire, smoke inhalation or falling or jumping to their deaths. Most of the victims were recent Italian and Jewish immigrant women aged 16 to 23 of the victims whose ages are known. The factory was located on upper floors of the building. The proprietors had bolted the ways to the stairwells, and ways out. This was a common practice for keeping workers from taking unapproved breaks so as to reduce theft. A significant number of the employees could not escape from the burning building basically hopped from the high windows. The fire prompted enactment to require improved factory safety standards and helped spur the growth. Progressivism Industrialization led to the emergence of huge businesses at the expense of the worker. Factory employees were overworked paid poorly and unhealthy working environments. The major corporations ensured themselves by allying with political leaders. The parties, in turn, were therefore controlled by party pioneers instead of the individuals. The progressive development was a push to cure An American of every one of its issues. The problems include the Idea of subjugation, recreation from the American civil war and women’s rights. Progressivism rejects the church for the fundamental source of change throughout the nation.( Crew,et al.pp10) The main agenda of the progressivism were to remove corrupt political machines from the office and gets more common people in the political process. Progressivism was not so much an organized movement as it a general form of spirit accepted by Americans with various objectives and backgrounds during the early twentieth century. Progressivism, belief that you can make the world a better place with a certain method to employ and achieve the goal.( Longee,et al.pp12) Federal level state, public and private. Local public safety, efficiency, regulation, reform, less corruption specialization, social equity and social control of knowledge. By initiating this, brings fairness for men and women without considering sex, race or social background.( Robinson,et al.pp12) President Theodore Roosevelt At the national level, Progressivism focused on defeating the strength of huge businesses. President Theodore Roosevelt, who took over as the Presidency when President McKinley was assassinated in 1901, helped the Progressive movement significantly. In early 1902, anthracite miners struck, requesting that the mine proprietors correct discrimination of the miners. The miners raised concerns that they had not gotten the salary increase in more than two decades. Moreover, miners’ payments came as scrip. Scrips were coupons for merchandize from organization stores. These stores charged higher prices. (Longee,et al pp12) The leader of the mine proprietors, George F. Baer, recommended that miners had committed a blunder by failing to trust the mine proprietors. He said that the mine proprietors were great, Christian men who could be confided in more than union leaders. The proprietors and the miners declined to consult with each other. As pre-winter drew closer, many expected that the coal strike would disable the economy. President Roosevelt interceded by asking the proprietors and miners to submit to arbitration. The miners acknowledged, but the owners rejected Roosevelt’s recommendation. Roosevelt at that point debilitated to use armed force to assume control over the mines. The proprietors at last assented and the strike was settled in 1903. Roosevelt’s strategy triumphed in 1904 when the Supreme Court, persuaded by the administration arguments, made by J.P Morgan and his business partners. Roosevelt chooses, however, not to assault others trust, for example, United States steel another of Morgan’s creations.(Robinson, et al.pp12) The indictment of northern securities started allegedly apprehended Roosevelt and offered. Roosevelt progressed with his Progressive activities when he restored the Sherman Antitrust Act. The Act sought to prevent organizations from consolidating into trusts and gaining monopolies. A trust is framed when many organizations freely join under a common top managerial staff to obtain total control over the whole market so that costs can be raised without the risk of contenders. Roosevelt additionally upheld the Hepburn Act, which permitted the Interstate Commerce Commission to control railways.(Carter,et al pp42) The railroads had aligned themselves with many businesses, charging higher rates to that business contenders. Accordingly, the large firms would get even more power. The Hepburn Act kept railways from giving lower rates to organizations. Roosevelt likewise championed the cause of conservation. He put an extensive land a side as part of the national park system. Work cited Crew, Hilary Susan. Experiencing America’s Story through Fiction: Historical Novels for Grades 7-12 American Library Association, 2014 Carter, Scott A. Vox Americana: Voice, race, and nation in US music, 1890-1924. Diss. The University of Wisconsin-Madison, 2014pp42-45 Longee, Jennifer. “Depictions of Slaves and Slavery in Young Adult Historical Fiction as Compared by the Ethnicity of the Author: A Content Analysis.” Unpublished MS in Library Science Thesis).University of North Carolina, Durham (2001) pp10-13 Robinson, Paul H., and Sarah M. Robinson “TRAGEDY, OUTRAGE & REFORM Crimes That Changed Our World: 1911–Triangle Factory Fire–Building Safety Codes.”(2016) pp10- 13
