Each student is required to prepare a plan for the company that operates in EREHWON (they have been allocated and as described within the MikeBikes Simulation). http://www.smartsims.com The preparation of the plan could include use of analytical tools to analyse: Develop a vision, mission, goals and objectives(or parts thereof) for your company, based upon the information available and any assumptions made Carry out an analysis including a (financial evaluation) of the company and determine the various strategic options and select the functional strategy(ies) and tactics , to best fit the company’s mission and objectives. Outline any risk factors and change management principles that you should be aware of in your planning Using the theoretical underpinning and the game functions, develop a method of monitoring and evaluating the performance of the strategies and tactics using hard and soft key performance indicators that would be applied to assure inter-department effectiveness and meet the company’s objectives “What makes a Balanced Scorecard balanced?” There are a huge number of Financial and non-Financial “leading and lagging” indicators available for use in today’s business environment. Discuss the effectiveness of these indicators for a manufacturing company. This individual assignment should be typed in report format and include an executive summary. The report should be 3000 (+/-10%) words in length (excluding any tables and appendices) Assignment Priorities Weighting of Marks Structure and presentation 10 Executive Summary and its ability to reflect concisely the contents of the report 10 Understanding and use of the theoretical frameworks 30 Critical analysis and evaluation of appropriate areas leading to a well developed direction 30 Depth of research, investigation, accuracy and professionalism of report 20 TOTAL 100%