Part 1
Question 1Financial Investment: the IZAC membership dues are $2500,000 per year, plus a $100,000 joining fee. Given the size of the financial commitment, significant thought should be given to it. AniMal’s operations in other areas may be impacted if we sources are allocated to this membership (Brown et al. 2020).
Benefits of Membership: reciprocal discounts for membership of other zoos, subsidised Admission for AniMal’s members at other facilities, and chances for cooperative, breeding and research projects are among the possible advantages of IZAC MEMBERSHIP. INCLUSION IN MARKET MATERIALS AND INVOLVEMENT IN THE EARLY CONFERENCE ALSO EMPHASISED (Schroeder et al. 2019). It is critical to evaluate the financial investments against the observable advantages.
Competitive Advantage: AniMal can possibly improve its reputation by positioning itself as a part of an exclusive global partnership by joining IZAC. The possibility that competitors in the area might apply for membership, though, adds a sense of urgency.
Global Networking: AniMal is given a global platform through the chance to join in breeding programmes, exchange scientific findings, and hold an annual conference. The networking component results in partnerships and information sharing which could improve the company’s reputation in the sector.
Significance of Issues:
Financial Impact: the CEOs report highlights AniMal’s current financial limits, which shows the need for careful consideration of the significant financial commitment.
Operational Implications: AniMal’s to change in order to comply with the partnership requirements after joining IZAC (Eldridge et al. 20210.
Strategic Positioning: AniMal’s strategic position, both locally and globally, could be greatly impacted by the membership in IZAC which would lower its competitiveness.
Financial Investment vs. Benefits: to make sure whether the monitor investment is in line with the observable advantages, a thorough cost benefit analysis is necessary. Assessing the substantial financial commitment against the possible benefits of breeding programmes, international exposure, and research, collaboration is of important considerations.
Competitive Advantage: the decision may be impacted by the necessity of securing a joke, given the restricted time frame, resulting from limitations on a number of members in each country (Distanont & Khongmalai 2020). But it is essential to strike a balance between speed and to analyse the long-term impacts.
Strategic Alignment: it is critical to evaluate how IZAC membership fits with the AniMal’s long-term objectives and strategic vision. The choice ought to be in line with the goals and principles of the company.
Question 2
Accommodation Performance:
New Marketing Campaign:
Agenda Item 10: Animal Escape
Prevention Measures:
Communication Strategy:
Staff Injuries and Risk Framework:
Financial Audit Findings:
Due Diligence Criteria:
Formal Offer Details:
Benefits and Alignment:
Operational Changes and Global Collaboration:
Question 3
Accommodation Performance: particularly in Mount Gambier, the underperformance of room rates and occupancy levels in accommodation demands for a targeted marketing approach. AniMal has to think about launching focused advertisements that highlight Mount Gambier’s distinct products in order to address this (Nazir et al. 2021). It is advisable to investigate pricing, modifications that are in line with consumer demands, keeping a careful balance between profitability and pleasure of the customer. This strategy intends to improve this particular facility's performance and restore interest.
New Marketing Campaign: prioritising a simple and successful soft launch suggested in light of the new national marketing campaigns delays and changes to its core messaging (Dey et al. 2022). It will be important to make use of social media channels, interact with influencers, and pay special attention to the feedback from the customers. Effectively communicating the reasons for the delays and highlighting the campaign's increased value will help to mitigate any unfavourable opinions and guarantee a smooth launch.
Animal Escape: in order to prevent the animal Escape situation from happening again, AniMal needs to thoroughly examine all its maintenance, personal, and security standards (Chen et al. 2021). To achieve quick flaw identification, regular drills, testing reaction times should be conducted. These improvements should be supported by an organised communication strategy that includes a thorough incident report and public relations effort to regain confidence.
Audit & Risk Committee Report: it is important to address staff injuries and include them into AniMal’s risk management strategy. To reduce potential risks found during the financial audit, staff training programmes should be improved and lessons learnt should be incorporated in the risk management framework (Malik et al. 2020). Open sharing of audit results with the public and board members will promote a continual improvement culture.
Acquisition of Darwin Reptile Park: although purchasing Darwin Reptile Park presents a special opportunity, it also requires a total due diligence process (Derez & Fuller 2023). Using the knowledge of Darwin Reptile, Park’s existing CEO, AniMal should assess how well the purchase of the company fits into its long-term goals and financial capabilities.
Membership of International Organisation: it is essential to take into account the advantages over the costs of joining the International Zoo and Aquarium Consortium (IZAC) (Lake et al. 2021). It is recommended that a comprehensive business case can be created to support the membership, including measurable outcomes, and highlighting its special ability to improve AniMal’s operations.
Accommodation Performance: AniMal anticipates a significant increase in average room, rates and occupancy levels with the deployment of a targeted advertising campaign for underperforming properties, particularly in Mount Gambier (Yousaf et al. 2021). By highlighting Mount Gambier’s distinct facilities and matching prices to the demands of the customers, the company hopes to surpass both budgetary and previous years benchmark.
New Marketing Campaign: positive results are expected from giving priority to a successful soft launch for the new national marketing campaign, as well as from active participation on social media and influencer partnerships (Ahl & Marlow 2021). AniMal expects greater public participation, a positive attitude, and enhanced anticipation for the complete project launch in mid-December by closely monitoring the response from the customers and keeping transparent communication regarding the campaign’s delays.
Animal Escape: it is anticipated that the risk of animal escapes will be reduced by the careful examination of security, protocols, staffing levels, and maintenance procedures in addition to regular drills and investments in Gate maintenance technology will help (Haghani et al. 2023). Rebuilding public trust is the goal of open communication about the enhancement, a thorough incident report, and public relations effort.
Audit & Risk Committee Report: workplace safety should be improved by addressing staff injuries in partnership with HR and incorporating lessons gained into the risk management framework. Programmes for strengthening employee training will help to reduce any hazards that are found during the financial audit (Abdelfattah et al. 2021). AniMal anticipates more employee satisfaction, fewer incidence, and a strong risk management system that corresponds with its strategic goals.
Acquisition of Darwin Reptile Park: in order to position AniMal in expanding its portfolio, extensive due diligence process, and the creation of our identifiable official offer for the acquisition of Darwin Reptile Park are proposed (Cornelis et al. 2021). Using the knowledge of the current CEO of the park guarantees an acute understanding of the company and reduces or anticipated danger.
Membership of International Organisation: a number of advantages or anticipated from the decision to become a member of the International Zoo and Aquarium Consortium (IZAC). Membership, discounts, collaborative research, studies, integrating initiatives with more than 250 zoos and aquariums around the world will raise AniMal’s profile globally (De et al. 2021). Opportunity to communicate and contribute to advances in animal welfare and conservation, as well as increased foot traffic from visitors from others and aquariums or anticipated outcomes.
Question 1
Five key assumptions to request further information and reasons why they are relevant are discussed below:
Question 2
Following are the five key strategic issues that needs clarification from the CFO about their impact on the budget:
Question 3
Following are the consideration to support the decision:
Question 4
Operational Efficiency: operational measures, including workflow, efficiency, resource usage, and process cycle time can be monitored to provide insight into how effectively the company is supplying goods and services (Choudhary et a. 2019).
Customer Satisfaction: Customer satisfaction increases revenue growth through positive word of mouth, and ongoing sales from satisfied customers.
Employee Engagement: metrics of employee engagement, which includes rates of retention and employee satisfaction, interviews, present information about the dedication and morale of the staff (Giménez et al. 2020).
Market Share and Competitive Positioning: financial performance is better understood in the context of the organisations, competitive position in the industry and is market share monitoring.
Environmental, Social, and Governance (ESG) Indicators: the board can keep an updated tab on the company’s commitment to good governance standards and its effect on social and environmental issues by including ESG measures (Chang et al. 2021).
Question 1
Conflict of Interest Disclosure: it is important that board members disclose any possible conflicts of interest in a transparent manner. Ignoring such conflicts and issues could lead to ethical questions and a compromise in the integrity of decision making
Succession Planning: Inadequate willingness for succession creates a risk to the governance. Lack of planning for significant leadership changes could affect the performance and stability of the organisation which is a cause for concern to the boards.
Data Security and Privacy Compliance: taking into account the growing dependence on technology, the board needs to act with caution when it comes to data, security and privacy regulations (Thapa & Camtepe 2021).
Whistleblower Protection: in order to promote the reporting of unethical acts, boards should give priority to safeguarding whistleblowers. In adequate safeguards ko discourage people from coming forward, which would make it more difficult for the board when dealing with its own internal issues.
Diversity and Inclusion: a lack of diversity in the leadership team might hinder ability to innovate and adapt to the changing market. The diversity and inclusion or not encouraged boards should be concerned that this could influence the overall resilience and flexibility of the company.
Question 2
Conflict of Interest Disclosure: adopt a strict disclosure policy demanding that board members disclose any potential conflicts of interest and we draw from participating in related discussions. Review and update the policy on a regular basis to reflect evolving situations.
Succession Planning: create a comprehensive succession strategy that recognises eligible internal candidates and offers the needed instruction. Make sure the plan is in alignment with the company's objectives by reviewing and updating it on a regular basis.
Data Security and Privacy Compliance: implement strong, cyber security safeguards, carry out frequent audits, and guarantee compliance to data protection laws (Butpheng et al. 2020). Staff members should receive regular training, data, security procedures
Whistleblower Protection: provide a transparent and secure reporting system to guarantee whistleblowers legal protection. Effectively communicate the policy to potential reporters to give them confidence.
Diversity and Inclusion: place diversity initiatives into action, such as hiring approaches to our fair and mentorship programmes. Encourage an inclusive and equal opportunity culture by routinely evaluating and reporting on diversity measures.
Question 3
Conflict of Interest Disclosure: promote transparency, while highlighting the advantages of accountability and trust. Share success stories of companies with good transparency practices.
Succession Planning: in order to demonstrate the beneficial effects of strategic succession, planning, all organisation, resilience, highlight the long-term stability and provide case studies (Fadeyi et al. 2019)
Data Security and Privacy Compliance: highlight current industry britches to draw attention to the danger to one’s brand and legal standing. Work together with IT professionals to communicate the significance of preventive cyber security actions.
Whistleblower Protection: make an ethical argument, stressing the need of whistleblowers in maintaining integrity. Exchange best practices from companies who have successful programs are in place to safeguard whistleblowers.
Diversity and Inclusion: T he benefits of diversity for business by presenting research that shows how diverse teams are more innovative and make better decisions. Promote discussions about the strategic advantages that come from diversity.
Abdelfattah, T., Elmahgoub, M., & Elamer, A. A. (2021). Female audit partners and extended audit reporting: UK evidence. Journal of Business Ethics , 174 , 177-197.https://link.springer.com/article/10.1007/s10551-020-04607-0
Ahl, H., & Marlow, S. (2021). Exploring the false promise of entrepreneurship through a postfeminist critique of the enterprise policy discourse in Sweden and the UK. Human Relations , 74 (1), 41-68.https://journals.sagepub.com/doi/full/10.1177/0018726719848480
Bowen, R., & Morris, W. (2019). The digital divide: Implications for agribusiness and entrepreneurship. Lessons from Wales. Journal of Rural Studies , 72 , 75-84.https://pure.aber.ac.uk/portal/files/30754474/Digital_Divide_Published_Manuscript.pdf
Brown, R., Rocha, A., & Cowling, M. (2020). covid19?> Financing entrepreneurship in times of crisis: exploring the impact of COVID-19 on the market for entrepreneurial finance in the United Kingdom. International Small Business Journal , 38 (5), 380-390.https://journals.sagepub.com/doi/full/10.1177/0266242620937464
Butpheng, C., Yeh, K. H., & Xiong, H. (2020). Security and privacy in IoT-cloud-based e-health systems—A comprehensive review. Symmetry , 12 (7), 1191.https://www.mdpi.com/2073-8994/12/7/1191/pdf
Chang, H. Y., Liang, L. W., & Liu, Y. L. (2021). Using environmental, social, governance (ESG) and financial indicators to measure bank cost efficiency in Asia. Sustainability , 13 (20), 11139.https://www.mdpi.com/2071-1050/13/20/11139/pdf
Chen, C. L., Lin, Y. C., Chen, W. H., Chao, C. F., & Pandia, H. (2021). Role of government to enhance digital transformation in small service business. Sustainability , 13 (3), 1028.https://www.mdpi.com/2071-1050/13/3/1028/pdf
Choudhary, S., Nayak, R., Dora, M., Mishra, N., & Ghadge, A. (2019). An integrated lean and green approach for improving sustainability performance: a case study of a packaging manufacturing SME in the UK. Production planning & control , 30 (5-6), 353-368.https://www.tandfonline.com/doi/full/10.1080/09537287.2018.1501811
Cornelis, J., Parkin, T., & Bateman, P. W. (2021). Killing them softly: a review on snake translocation and an Australian case study. Herpetological Journal , 31 (3).https://www.researchgate.net/profile/Jari-Cornelis/publication/352898082_Killing_them_softly_a_review_on_snake_translocation_and_an_Australian_case_study/links/60e407e2a6fdccb7450af84f/Killing-them-softly-a-review-on-snake-translocation-and-an-Australian-case-study.pdf
De Vries, C. E., Hobolt, S. B., & Walter, S. (2021). Politicizing international cooperation: The mass public, political entrepreneurs, and political opportunity structures. International Organization , 75 (2), 306-332.https://www.zora.uzh.ch/id/eprint/205432/1/ZORA205432.pdf
Derez, C. M., & Fuller, R. A. (2023). The Reptile Relocation Industry in Australia: Perspectives from Operators. Diversity , 15 (3), 343.https://www.mdpi.com/1424-2818/15/3/343
Dey, P. K., Malesios, C., De, D., Budhwar, P., Chowdhury, S., & Cheffi, W. (2022). Circular economy to enhance sustainability of small and medium sized enterprises. In Supply Chain Sustainability in Small and Medium Sized Enterprises (pp. 10-45). Routledge.https://publications.aston.ac.uk/id/eprint/41259/1/CircularEconomy.pdf
Distanont, A., & Khongmalai, O. (2020). The role of innovation in creating a competitive advantage. Kasetsart Journal of Social Sciences , 41 (1), 15-21.https://so04.tci-thaijo.org/index.php/kjss/article/download/234863/161499
Eldridge, D., Nisar, T. M., & Torchia, M. (2021). What impact does equity crowdfunding have on SME innovation and growth? An empirical study. Small Business Economics , 56 , 105-120.https://link.springer.com/article/10.1007/s11187-019-00210-4
Fadeyi, O., Oladele, K., Imhonopi, D., & Nwachukwu, C. (2019). Analyzing succession management practise in the context of organizational survival: A qualitative approach. International Journal for Quality Research , 13 (2), 413.https://core.ac.uk/download/pdf/334609488.pdf
Giménez-Espert, M. D. C., Prado-Gascó, V., & Soto-Rubio, A. (2020). Psychosocial risks, work engagement, and job satisfaction of nurses during COVID-19 pandemic. Frontiers in public health , 8 , 566896.https://www.frontiersin.org/articles/10.3389/fpubh.2020.566896/full
Haghani, M., Coughlan, M., Crabb, B., Dierickx, A., Feliciani, C., van Gelder, R., ... & Wilson, A. (2023). A roadmap for the future of crowd safety research and practice: Introducing the Swiss Cheese Model of Crowd Safety and the imperative of a Vision Zero target. Safety science , 168 , 106292.https://www.sciencedirect.com/science/article/pii/S0925753523002345
Lake, D. A., Martin, L. L., & Risse, T. (2021). Challenges to the liberal order: Reflections on international organization. International organization , 75 (2), 225-257.http://quote.ucsd.edu/lake/files/2021/05/Lake-Martin-Risse-IO-2021.pdf
Lee, N., & Clarke, S. (2019). Do low-skilled workers gain from high-tech employment growth? High-technology multipliers, employment and wages in Britain. Research Policy , 48 (9), 103803.https://www.sciencedirect.com/science/article/pii/S0048733319301234
Li, C., Ahmed, N., Qalati, S. A., Khan, A., & Naz, S. (2020). Role of business incubators as a tool for entrepreneurship development: the mediating and moderating role of business start-up and government regulations. Sustainability , 12 (5), 1822.https://www.mdpi.com/2071-1050/12/5/1822/pdf
Liu, Y., Ye, K., & Liu, J. (2023). Major asset restructuring performance commitments and classification shifting through non-recurring items. China Journal of Accounting Studies , 11 (2), 270-299.https://www.tandfonline.com/doi/pdf/10.1080/21697213.2023.2239669
Malik, M. F., Zaman, M., & Buckby, S. (2020). Enterprise risk management and firm performance: Role of the risk committee. Journal of Contemporary Accounting & Economics , 16 (1), 100178.https://eprints.qut.edu.au/110348/1/Muhammad%20Farhan_Malik_Thesis.pdf
Meo, M. S., & Abd Karim, M. Z. (2022). The role of green finance in reducing CO2 emissions: An empirical analysis. Borsa Istanbul Review , 22 (1), 169-178.https://www.sciencedirect.com/science/article/pii/S2214845021000223
Nazir, F. A., Edwards, D. J., Shelbourn, M., Martek, I., Thwala, W. D. D., & El-Gohary, H. (2021). Comparison of modular and traditional UK housing construction: A bibliometric analysis. Journal of Engineering, Design and Technology , 19 (1), 164-186.https://www.open-access.bcu.ac.uk/9342/3/Modular%20Housing%20%28submitted%29.pdf
Pointer, L. V., & Khoi, P. D. (2019). Predictors of return on assets and return on equity for banking and insurance companies on Vietnam stock exchange. Entrepreneurial Business and Economics Review , 7 (4), 185-198.https://eber.uek.krakow.pl/index.php/eber/article/view/664
Schroeder, A., Ziaee Bigdeli, A., Galera Zarco, C., & Baines, T. (2019). Capturing the benefits of industry 4.0: a business network perspective. Production Planning & Control , 30 (16), 1305-1321.https://publications.aston.ac.uk/id/eprint/39039/1/Capturing_the_benefits.pdf
Thapa, C., & Camtepe, S. (2021). Precision health data: Requirements, challenges and existing techniques for data security and privacy. Computers in biology and medicine , 129 , 104130.https://arxiv.org/pdf/2008.10733
Yousaf, Z., Radulescu, M., Sinisi, C. I., Serbanescu, L., & Paunescu, L. M. (2021). Harmonization of green motives and green business strategies towards sustainable development of hospitality and tourism industry: Green environmental policies. Sustainability , 13 (12), 6592.https://www.mdpi.com/2071-1050/13/12/6592/pdf
You Might Also Like:-
Corporate Accounting Assignment Sample Online
Lead and manage effective workplace relationships Assessment Answers
Plagiarism Report
FREE $10.00Non-AI Content Report
FREE $9.00Expert Session
FREE $35.00Topic Selection
FREE $40.00DOI Links
FREE $25.00Unlimited Revision
FREE $75.00Editing/Proofreading
FREE $90.00Bibliography Page
FREE $25.00Bonanza Offer
Get 50% Off *
on your assignment today
Doing your Assignment with our samples is simple, take Expert assistance to ensure HD Grades. Here you Go....
🚨Don't Leave Empty-Handed!🚨
Snag a Sweet 70% OFF on Your Assignments! 📚💡
Grab it while it's hot!🔥
Claim Your DiscountHurry, Offer Expires Soon 🚀🚀