I had submitted my assessment but I got less marks so I need to resubmit my assessment and I have...

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I had submitted my assessment but I got less marks so I need to resubmit my assessment and I have also attached the marker's comments on my assessments. The subject name is Modern Business Practices.I have attached questionpaper and the comments given by the marker. And also the chosen company should me New Zealand based company.

©Aspire2 International – DBN608 Assessment 1 – v.2 2018 Page 1 of 6 New Zealand Diploma in Business (Level 6) Course Title Modern Business Practice Course Code DBN608 Version 2 Title Assessment 1: Case Study Assignment Level 6 Credits 20 Total Marks [Weighting] 100 [50%] Student Name Student ID Tutor’s Name Week Due Week 5 Due Date Sections 1.1. 1.2 1.3 1.4 1.5 2..1 2.2 2.3 2.4 2.5 2.6 Total Total Marks 5 10 10 15 10 10 10 10 5 5 10 100 Marks Awarded Assessor’s Overall Feedback Student’s Signature: _____________________________ Date: _________________ ©Aspire2 International – DBN608 Assessment 1 – v.2 2018 Page 2 of 6 LEARNING OUTCOMES ASSESSED Learning Outcome Question Mark Allocation Percentage Allocation LO2: Understand issues in modern social ethics to model a successful entity culture for effective performance of the entity. Part A 50 25% LO5: Analyse the impact of the global economy & market on entity goals and modern business practices. Part B 50 25% Total Marks100 50% General Instructions: 1. “APA” 6th edition referencing and citation are compulsory. 2. Plagiarism would be dealt with zero tolerance and you would fail the assessment. 3. A soft copy of assignment must be submitted on Turnitin by the due date and a hard copy must be submitted to the lecturer on date advised by lecturer. 4. Be advised that any similarity rate 15% or above will result in zero marks as stipulated above. 5. Your work should be free of errors with respect to grammar, spellings and punctuation. Please read and sign the declaration below: I have understood the content and learning outcomes to be assessed I have been advised of the purpose and the process of the assessment I consent to assessment results and materials being used by my establishment I agree to carry out the assessment without assistance from anyone else. ___________________________________________ _____/____/____ Student’s Signature Date ©Aspire2 International – DBN608 Assessment 1 – v.2 2018 Page 3 of 6 Instructions for writing this assessment  Select a New Zealand business organisation for this assessment. Your selected organisation should be approved by the lecturer. You must conduct an analysis of the organisation’s social ethical issues and modern business practices.  The word limit for this assessment is 2500 to 3000 words.  Please use the following formatting guidelines for submitting the completed assignment: Font Size : 11 or 12, Headings Font Type : Times New Roman, Arial, Calibri Line space : 1.5 Headings : 14, 16 ` Research Paper Checklist: Ensure that each section has been written & completed SECTION MARKS AVAILABLE MARKS AWARDED PART 1: Ethics, Culture and Performance ☐ 1.1 Introduction and Rationale 5 ☐ 1.2 Ethics, Culture and Performance 10 ☐ 1.3 Social Ethical Issues 10 ☐ 1.4 Three Relevant Ethical Issues 15 ☐ 1.5 TWO Recommendations 10 PART 2: Global Economy and Modern Pr actice ☐ 2.1 Global Economy & Market 10 ©Aspire2 International – DBN608 Assessment 1 – v.2 2018 Page 4 of 6 ☐ 2.2 Modern Business Practices 10 ☐ 2.3 Impact of global economy on modern business practices. 10 ☐ 2.4 Organisational Goals 5 ☐ 2.5 Impact of global economy on organisational goals. 5 ☐ 2.6 TWO Recommendations 10 ASSESSMENT 1: Individual Essay (LO 2 and 5) [100 marks, 50%] PART 1 (Ethics, Culture and Performance: LO2) Understand issues in modern social ethics to model a successful entity culture for effective performance of the entity Section Tasks/Questions Marks 1.1. Organisation and their social ethical initiative  Introduce the selected organisation by providing brief background and clearly stating the organisation’s rationale for undertaking their social ethical initiative. (5 marks). 5 1.2. Ethics, culture, and organisational performance 1.2.1. Evaluate the organisational culture of your selected organisation. (5 marks) 1.2.2. Analyse how social ethics and organisational culture relate to organisational performance. Provide an example to justify your answer. (5 marks). 10 1.3. Social ethical issues identified in your selected organisation Identify and analyse TWO (2) social ethical issues in your selected organisation. (2 social ethical issues x 5 = 10). 10 1.4. Modern social ethical issues Analyse any THREE (3) modern social ethical issues that are NOT identified in your selected organisation. (3 issues x 5 = 15 marks). 15 1.5. Provide Recommendations  Provide TWO (2) recommendations on how the selected organisation can solve the social ethical issues you identified in section 1.3 to ensure a successful culture for effective performance of the entity. Provide an example that models a successful entity culture to justify your recommendations. (2 recommendations x 5 = 10 marks). 10 Part 2 (Global Economy and Modern Business Practices) LO5 Analyse the impact of the global economy and market on entity’s goals and modern business practices Section Tasks/Questions Marks 2.1. Global Economy and Market : 2.1.1. Analyse today’s global economy and market in relation to your selected organisation. (5 marks). 2.1.2. Explain how the global economy and NZ’s economy influenced the organisation’s decision to undertake / implement the modern business practices. (5 marks). 10 2.2. Modern Business Practices: Critically evaluate TWO (2) of the modern business practices of your selected organisation. (10 marks) (2 modern business practices x 5 = 10 marks). 10 2.3. Impact of Global Economy on Modern Business Practices: Analyse the impact of the global economy and market on modern business practices of your selected company. (10 marks). 10 2.4. Organisational Goals: Analyse the organisational goals of your selected organisation? (5 marks). 5 2.5. Impact of Global Economy on Organisational Goals: Evaluate how global economy and market influence the organisational goals of your selected organisation. (5 marks). 5 2.6. Provide recommendations: Suggest at least TWO (2) modern business practices that the organisation can adopt in their business. (10 marks). (2 recommendations x 5 = 10 marks). 10

dbn608-a1-cijktzxy.pdf 608-z2yavxlx.pdf

Akansha · Accepted Answer

Assessment 1: Case Study Assignment							1
Name of the Student:
Name of the Institution:
Roll No:
Date of Submission:
Contents
Part 1: Ethics, Culture and Performance	3
1.1 Introduction and Rationale	3
1.2 Ethics, Culture and Performance	3
1.2.1 Organizational Culture	3
1.2.2 Relation of Social Ethics and Organizational Culture to Organizational Performance	3
1.3 Social Ethical Issues	4
1.4 Three Relevant Ethical Issues	4
1.5 Two Recommendations	6
Part 2: Global Economy and Modern Practice	6
2.1 Global Economy and Market	6
2.1.1 Analysis of Economy in relation to the organization	6
2.1.2 Influence of Global and NZ economy on organizational decision	7
2.2 Modern Business Practices	7
2.3 Impact of Global Economy on Modern Business Practices	8
2.4 Organizational Goals	8
2.5 Impact of Global Economy on Organizational Goals	8
2.6 Two Recommendations	8
References	10
Part 1: Ethics, Culture and Performance
1.1 Introduction and Rationale 
Kiwibank is one of the oldest and most renowned banks in New Zealand. It is majorly owned by the government, through New Zealand Post Limited. It is also co-owned by the Accident Compensation Corporation and the New Zealand Superannuation, who own 49% of the company (Wiraeus & Creelman, 2019). The organization is able to provide financial services to the people through post offices traditionally, and later, through branches as well. The main vision and mission have been to provide financial services for Kiwis, by Kiwis. It has over 1000 employees, and the headquarters are Wellington, New Zealand (Rouse & Tripe, 2016). 
The main rational behind the choice of social ethical initiative is that the youth of New Zealand have not been able to deal with their finances, and as a bank Kiwibank is in a unique position to be able to change that scenario (McIlroy, 2018). This has been done through Banqer, which has influenced 2200 students in the country. This initiative can also help in increasing the CSR presence of the bank, and provide a marketing venture for the Bank by targeting the youth (Westmore, 2015). 
1.2 Ethics, Culture and Performance
1.2.1 Organizational Culture 
The organizational corporate culture in Kiwibank is like that of a clan. Employees and their employers have common values, which is welcoming, challenging, progressive, competitive, and customer-oriented (Kanagaretnam, Lobo & Wang, 2015). The main values of the company have been to provide Kiwis with the best banking service possible. According to the company, there are three main values, Gutsy, Great and Side-by-Side, which can be used to describe all of the values that the organization has (Montecalvo, Farneti & De Villiers, 2018). Team work is emphasized, and the idea of the common good being more important than the individual good has also been given importance. The company believes that team work is what makes New Zealand one of the best places in the world, and thus, looks at ensuring an increase in team work in the workplace. 
1.2.2 Relation of Social Ethics and Organizational Culture to Organizational Performance 
There is a significant relation to social ethics and the organizational culture to the performance. Because of the clan-like work culture, and the importance given to team work, Kiwibank has been consistently ranked as one of the best banking services in the country (Henry, Newth & Spiller, 2017). Social ethics and the work culture of the company make the employees more relaxed and approachable, and the aspect of team work ensures that the solution is provided to the customer (Marriott, 2018). For example, one of the key services that would be provided by the bank would be loan services. By making sure that there are Kiwis from all over the country, the bank has made it easier for employees to be more approachable. The can-do attitude that is enforced in the workplace can help in making sure that the customer is left with a possible solution to their loan request or issue. 
1.3 Social Ethical Issues
There are two significant social ethical issues that the organization could potentially have. 
1. Investment into weapons: KiwiSaver, which is the investment branch of the bank, has been found to be investing in companies that have been found to make illegal weapons (McIlroy, 2018). There have been reports by news agencies that claim that despite promises made to get rid of the investments, there has been an increase in passive investments through the global index funds. This is extremely unethical, since it is also in direct violation to government orders (McIlroy, 2018). This is a social ethical issue, since many of the weapons are nuclear weapons, and could cause significant damage to society as a whole, and the money that the bank would be investing would be that of the customers, which is not ethical. 
2. Ageing population: An ageing population can have significant effects on the organization. According to estimates, the population of New Zealand is ageing at a pace wherein by 2031, there will be one million people who are over 65 years. This would have a significant effect on the people of the country, and it could be seen that for the banking sector, it would mean a significant amount of loss (Westmore, 2015). Employees who are old are less responsive, and less prone to working with any new technology. This could impact the bank. However, if Kiwibank decided to stop employing an ageing population, it would be unethical for the company, and would also cause a significant decrease in employees, since a large part of New Zealand would be a population that has aged (Berkman, Clement & Zhang, 2016). 
1.

©Aspire2 International – DBN608 Assessment 1 – v XXXXXXXXXXPage 1 of 6 XXXXXXXXXXNew Zealand Diploma in Business (Level 6) Course Title Modern Business Practice Course Code DBN608 Version 2 Title...

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