.1 Assessment Item 2 BFA534 2017 Case Study With rising obesity levels around the world and a greater focus on health, there has been increased participation in the fitness industry. In Australia the fitness industry produced revenue of around a billion Australian dollars annually, with close to 3 000 fitness centres (McMalcolm 2013). In Japan the health club industry accounted for revenue of 6.8 billion Australian dollars in 2015 (Statista Inc.). Australia and Japan led the Asian-Pacific region for revenue in this area in 2015 (Statista Inc.). However at the beginning of the second decade of the 21st Century, growth in revenue in the industry in Australia slowed because of market saturation (McMalcolm 2013). Joe Brooks is a veteran of the health industry, having managed, and then owned gyms and fitness centres in the Melbourne area since 1991. In 2005 he teamed up with a partner, Takashi Sato, to increase access to capital and help expand his successful business. Sato is originally from Yokohama in Japan, and as a wealthy businessman has many investments in Australia, Japan and some South East Asian nations. Sato met Brooks at one of the two Brooks Fitness centres in Melbourne’s east in 2002, where he went to work out. Sato was impressed by Brooks’ drive, charisma and confidence, along with his knowledge of the fitness industry. Although Sato was reserved and cautious by nature, the two first became trusted friends, and then business partners. They co-owned a chain of eleven fitness centres around Melbourne, which Brooks oversaw with a manager at each location. Sato was largely a silent partner. While on a trip to the US in 2016 to select new exercise machines for the fitness chain, Brooks became aware of the potential of the ClassPass business arrangement that operates in 20 US cities. ClassPass offers unlimited lessons for a relatively modest monthly fee to allow clients to choose from a diverse range of fitness studios that included yoga, dance, martial arts, Pilates, strength training and other choices. Clients were limited to choosing no more than three classes from the same studio in a month. However they could take an unlimited number of classes from other studios while conforming to this requirement. The arrangement benefited clients by enabling them to trial exercise options and increase their awareness of what was available in an affordable way. Small fitness studios benefited too by having more clients aware of their offerings, and encouraging clients to trial classes, utilising slots that otherwise may have been vacant. The incremental cost of participating for the fitness studios was small. The aim was that some of the trials would convert into ongoing membership and future recommendations with a fitness studio (Greenwald 2015). Brooks saw the potential of the scheme, and was aware that it was not implemented in Australia. He was able to confirm the scheme was not in use in Japan, either. After a sixmonth limited trial, the partners established their new business, SelectFit, which operated in Australia and Japan with managers in each nation, but was largely controlled from Australia by Brooks. Brooks had not travelled to Japan, but was confident the operation would be successful there. His networks in the Australian fitness industry and his ebullient and selfassured nature resulted in excellent take-up in Australia. Sato’s business contacts in Japan, and his reputation, led to SelectFit being embraced enthusiastically by fitness studio managers and customers there. The partners started action to list their combined fitness interests on the Australian Stock Exchange (ASX) as an Initial Public Offering (IPO). They met the profit and asset tests of the2 ASX. The owners’ motivation for listing arose from wanting access to a larger capital market, to set up SelectFit in other Asian areas where there was no similar competition. Conforming with ASX’s advice on how to list as an IPO on the ASX, the partners appointed professionals to advise on SelectFit’s corporate structure, financial matters, marketing and distribution of securities, as well as communication strategies (for investor, public and government relations) and other legal matters. Now the owners sought to retain specialist advisers on the requirements for compliance with the third Edition, ASX Corporate Governance Principles and Recommendations 2014, once their company is listed on the ASX. They want to learn about compliance and disclosure requirements relating to their first annual report once listed, and other key ways in which the corporate governance regulatory environment could affect them as a listed company. They wondered whether the corporate governance compliance requirements in Australia will detract from the benefits of listing on the ASX, and were concerned about any specific risks that the future company may face. References: Allan, G. (2006) The HIH Collapse: A costly catalyst for reform, Deakin Law Review, Vol. 11, No. 2, pp. 137-145 (only). Damiani, C., Bourne, N. and Foo, M. The HIH Claims Support Scheme, Available: http://treasury.gov.au/~/media/Treasury/Publications%20and%20Media/Publications/2015/R oundup%2001/Downloads/PDF/Roundup_01-2015_article3_HIH.ashx, Accessed: 4th March, 2017. (to end of p. 9 only) Greenwald, M. (2015) Top 11 Innovative Products and Services of 2014, CMO Network, Forbes, Available: https://www.forbes.com/sites/michellegreenwald/2015/01/12/top-11- innovative-products-and-services-of-2014/#b0a0d0f5ce99, Accessed: 28th February, 2017. McMalcolm, J. (2013) Australia’s Fitness Sector Sees Growth in the Billions, Australian Business Review, November 22, Available: http://www.businessreviewaustralia.com/leadership/153/Australia's-fitness-sector-seesgrowth-in-the-billions, Accessed: 28th February, 2017. Statista Inc., Revenue of the Health Club Industry in Asia-Pacific Countries 2015, Available: https://www.statista.com/statistics/308841/revenue-of-the-health-club-industry-asia-pacificcountries/, Accessed: 28th February, 2017. BRIEF You have been retained by SelectFit as a specialist Corporate Governance Advisor. Your brief is to present a written paper on corporate governance practice to SelectFit at its next company meeting. You are required to: 1. Outline how to maintain and establish good corporate governance once the company is listed, in accordance with the Third Edition ASX Principles and Recommendations 2014 and other relevant statements, law or guidance (and address any specific risks SelectFit may have). 2. Discuss the advantages and disadvantages of corporate governance, demonstrating the benefits to the business as a listed entity in having good corporate governance, together with any disadvantages.3 3. Assist your client to understand the importance and benefits of adhering to the ASX Principles and Recommendations by referring to HIH’s situation. Inform yourself about 2001 HIH’s collapse before you start this assignment, by doing some searching and reading. Two references are provided above on HIH to get you started. 4. Follow the business report structure, order and guidance as outlined in https://www.business.unsw.edu.au/Students-Site/Documents/Writingareport.pdf. However do not include a letter of transmittal. You will need a brief title page that replicates the requirements needed in business (and not those of a student cover page that you will provide in a TSBE cover page). A brief executive summary is needed with all the components mentioned in the link above, and an automatically generated table of contents. Search Google to learn how to generate a table of contents for the version of Word you use. ASSESSMENT CRITERIA: This Assignment accounts for 25% of your assessment in this unit. Word Limit: 1500 words NOTE: Record your paper in either Word or pdf format, and submit in to the appropriate MyLO drop box. Be aware that your submission will be analysed by sophisticated TurnItIn software for plagiarism. Assessment Item 2 requires a list of references and use of citations. Please use the Harvard style for both. There is a guide to the Harvard style at: http://utas.libguides.com/referencing/Harvard. Make use of headings and subheadings. Spell- and grammar-check your work using Word just before submitting. You are encouraged to incorporate the text of the Principles within the document rather than in appendices, as it will assist the flow. Note that title pages, table of contents, reference list and appendices are all included in the word count. The TSBE cover page is not included in the word count. Please refer to the Unit Outline for information about submission requirements and penalties, over length submissions and plagiarism. The Intended Learning Outcomes Table on page 5 of the BFA534 Unit Outline shows how Assessment 2 relates to the relevant Learning Outcomes. All the BFA534 Learning Outcomes need to be passed to pass this Unit. ASSESSMENT 2 RUBRIC An Assessment Item 2 Rubric on MyLO sets out how your work will be marked. Refer to this Rubric as you develop this assessment.PM203 Information Technology Spring 2017 Coursework Brief Handout: [Time (am/pm), 13th March 2017] Deadline for Submission: [Time (23:59pm), Date:26th April 2017] Submit this coursework through the Student Portal with a Turn-it-in Report Word Limit: 2,000 words (plus or minus 10%) Learning outcomes assessed: 1. Understand the central role of information systems and of the world- wideweb in organisations. 2. Identify the elements of hardware and software used for the transmission, storage and retrieval of information. 3. Demonstrate how the quality of management decision making is enhanced by information systems. This coursework is worth 50% of the total marks for this module.PM203 Information Technology Spring 2017 Coursework Brief GSM LONDON Page 1 of 9 Coursework Instructions Please read carefully • Carefully read the module handbook, the marking criteria and the grade descriptors. Academic Misconduct You are responsible for ensuring you understand the policy and regulations about academic misconduct. You must: • Complete this work alone except where required or allowed by this assignment briefing paper and ensure it has not been written or composed by or with the assistance of any other person. • Make sure all sentences or passages quoted from other people’s work in this assignment (with or without trivial changes) are in quotation marks, and are specifically acknowledged by reference to the author, work and page.PM203 Information Technology Spring 2017 Coursework Brief GSM LONDON Page 2 of 9 BlankPM203 Information Technology Spring 2017 Coursework Brief GSM LONDON Page 3 of 9 Assignment Questions Information systems have transformed businesses and business processes. Managing information assets has become increasingly important to business organisations. The many systems that used to act in isolation are now been integrated across the enterprise to achieve enterprise objectives. You are required to write a report analysing the impact of enterprise systems in helping businesses in your sector achieve operational excellence. Deliverables Your report should be no more than 2000 words and should cover:  A comprehensive analysis of enterprise applications  The drivers of enterprise systems from a business perspective  The challenges that enterprise applications pose for end-users and how enterprise applications in an organisation such as Tesco take advantage of new internet-based technologies  The benefits to a modern business in your industry, of employing enterprise systems, such as ERP, to achieve operational excellence Your primary responsibility is to produce a 2000 word report detailing the improvements that have been made to handling business information by the introduction of enterprise systems. End of Assignment BriefPM203 Information Technology Spring 2017 Coursework Brief GSM LONDON Page 4 of 9 Marking Criteria KNOWLEDGE & UNDERSTANDING INTELLECTUAL & COGNITIVE SKILLS Graduate Skills: transferable, employability, practical and academic skills Factual and conceptual knowledge and understanding; use of class materials; independent reading Critical thinking; conceptualisation; creativity; synthesis, analysis and evaluation; application; problem solving and research/investigation Written, oral and presentation skills; interpersonal, group and teamwork skills; leadership skills; numeracy; digital skills; practical, professional and academic skills (including referencing/presentation MARKING BAND CLASSIFICATION WEIGHTED AT 40% WEIGHTED AT 35% WEIGHTED AT 25% 86 - 100% FIRST (1ST) Includes all required factual content, accurately and succinctly summarised. Well developed, highly relevant, reasoned introduction and conclusions, demonstrating some originality. Within word count or presentation time. Includes relevant factual content only. Clearly and logically structured material, showing excellent understanding of the discipline. Accurate spelling, grammar, punctuation, paragraphing. Systematic, accurate identification of relevant concepts, theories and/or principles, appropriate to this level. Information or data selected from a very good range of highly relevant, current primary and secondary sources, and categorised, analysed or evaluated using relevant, methods or techniques. Professional, fluent writing style, appropriate to the assignment OR professional, engaging, confident, audible and well paced presentation. Excellent use of technical vocabulary, where appropriate. Exceptional understanding of factual and conceptual material, relative to this level, including some understanding of the limits to knowledge in this area. Well developed, coherent arguments, systematically referencing primary and secondary literature, with clear rationale for choices. Professional visual presentation, including font, spacing, margins, headings, graphics, images and appendices. Calculations are accurate, clearly set out, with precise explanations. Excellent integration of theory and practice, for this level, using appropriate conceptual frameworks. Correct and systematic use of academic conventions, references and bibliography. Independent, wide-ranging, relevant reading and research, from authoritative primary and secondary sources, appropriate to this level. Excellent application of numerical and statistical methods to defined problems. Outstanding, consistent, flexible delivery of group work obligations, for this level. Accepts responsibility and ameliorates conflict. Undertakes complex tasks. Substantiated, highly relevant recommendations. Excellent awareness of ethical issues, where relevant. Excellent, well articulated reflection on own strengths and weaknesses in relation to defined professional and practical skills at this level. Identifies required actions. 70 - 85% FIRST (1ST) Includes all required factual content, accurately summarised. Well developed, relevant, reasoned introduction and conclusions, Within word count or presentation time.PM203 Information Technology Spring 2017 Coursework Brief GSM LONDON Page 5 of 9 demonstrating some originality. Includes relevant factual content only. Clear and logically structured material, showing very good understanding of the discipline. Accurate spelling, grammar, punctuation, paragraphing. Accurate identification of relevant concepts, theories and/or principles, with evidence of a systematic approach, appropriate to this level. Information or data selected from a good range of relevant, current primary and secondary literature, and categorised, analysed or evaluated using relevant, methods or techniques. Professional writing style, appropriate to the assignment OR engaging, confident, audible and well paced presentation. Very good use of technical vocabulary, where appropriate. Excellent understanding of factual and conceptual material, relative to this level, including some understanding of the limits to knowledge in this area. Coherent arguments, systematically referencing primary and secondary sources, with clear rationale for choices. Professional visual presentation, including font, spacing, margins, headings, graphics, images and appendices. Calculations are accurate, clearly set out, with very good explanations. Very good integration of theory and practice, for this level, using appropriate conceptual frameworks. Correct use of academic conventions, references and bibliography. Independent, relevant reading and research, from authoritative primary and secondary sources, appropriate to this level. Very good application of numerical and statistical methods to defined problems. Very good, consistent, flexible delivery of group work obligations, for this level. Accepts responsibility and ameliorates conflict. Undertakes complex tasks. Substantiated relevant recommendations. Very good awareness of ethical issues, where relevant. Very good, well articulated reflection on own strengths and weaknesses in relation to defined professional and practical skills at this level. Identifies required actions. 60 - 69% UPPER SECOND (2:1) Includes most required factual content, mostly accurately summarised. Relevant and valid introduction and conclusions. Within word count or presentation time. Includes relevant factual content only. Clearly structured material, with some gaps in logic, but demonstrates understanding of the discipline. Mostly accurate spelling, grammar, punctuation, paragraphing. Mainly accurate identification of relevant concepts, theories and/or principles, appropriate to this level. Information or data selected from mainly relevant primary and secondary sources, and categorised, analysed or evaluated using relevant methods or techniques but with minor gaps or misunderstandings. Mainly fluent writing style, appropriate to the assignment OR mainly engaging, audible and well paced presentation. Good use of technical vocabulary, where appropriate. Very good understanding of factual and conceptual material, relative to this level, showing some appreciation of the limits of knowledge in this area. Mostly coherent arguments, with some perceptive points, referencing well selected primary and secondary literature. Mostly professional visual presentation, including font, spacing, margins, headings, graphics, images and appendices. Calculations are mainly accurate, clearly set out, with good explanations. Good integration of theory and practice, for this level, using appropriate conceptual Mostly correct use of academic conventions, references and bibliography.PM203 Information Technology Spring 2017 Coursework Brief GSM LONDON Page 6 of 9 frameworks. Independent reading and research from a range of mostly authoritative primary and secondary sources, appropriate to this level. Mainly good application of numerical and statistical methods to defined problems, with some gaps, errors or misunderstandings. Consistent delivery of group work obligations, for this level. Some ability to accept responsibility and modify responses. Undertakes non-routine tasks. Some relevant recommendations. Satisfactory awareness of ethical issues, where relevant. Clear reflection on own strengths and weaknesses in relation to defined professional and practical skills. Partial identification of required actions. 50 - 59% LOWER SECOND (2:2) Includes essential required factual content, but with some gaps or misunderstandings. Satisfactory introduction and conclusions. Within 10% of word count or presentation time. Includes some irrelevant factual content. Mostly clearly structured material, with some gaps in logic. Some mistakes in spelling, grammar, punctuation, paragraphing. Adequate identification of relevant concepts, theories and/or principles, appropriate to this level. Information or data selected from mainly secondary sources, and categorised, analysed or evaluated using mostly relevant methods or techniques but with gaps or misunderstandings. Writing style is appropriate but not always fluent OR a presentation that is not always engaging, audible or well paced. Some use of technical vocabulary, where appropriate. Satisfactory understanding of factual and conceptual material, relative to this level, showing basic appreciation of the limits of knowledge in this area. Satisfactory arguments, referencing mostly secondary literature. Appropriate visual presentation, including font, spacing, margins, headings, graphics, images and appendices. Calculations may have some inaccuracies, or issues relating to set out and explanation. An adequate attempt to relate theory to practice, for this level. Inconsistent use of academic conventions, references and bibliography. Adequate independent reading and research from mostly secondary sources, appropriate to this level. Adequate application of numerical and statistical methods to defined problems, with some gaps or errors. Inconsistent delivery of group work obligations, for this level. Some awareness of responsibility and options. Basic recommendations. Satisfactory awareness of ethical issues, where relevant. Some evaluation of own strengths and weaknesses in relation to defined professional and practical skills. Limited identification of required actions. 40 - 49% THIRD (3RD) Includes limited required factual content, with many gaps or inaccuracies. Basic introduction and conclusions. Within 10% of word count or presentation time. Includes considerable irrelevant factual content. Unevenly structured material, with many gaps in logic. Frequent mistakes in spelling, grammar, punctuation, paragraphing. Some identification of relevant concepts, theories and/or principles, appropriate to this level. Information or data selected from secondary sources, and poorly categorised, analysed or evaluated using inappropriate methods or techniques. Awkward or inappropriate writing style OR a presentation that is not engaging, audible or well paced. Does not use technical vocabulary, where appropriate. Basic understanding of factual and conceptual material, relative to this level, showing very limited appreciation of the limits of knowledge in this area. Sense of emerging argument, mainly descriptive or personal opinion, with limited and superficial reference to literature. Negligible use of primary literature. Inappropriate visual presentation, including font, spacing, margins, headings, graphics, images and appendices.PM203 Information Technology Spring 2017 Coursework Brief GSM LONDON Page 7 of 9 Calculations are often inaccurate, with many issues relating to set out and explanation. Little attempt to relate theory to practice, using appropriate conceptual frameworks. Inconsistent or incomplete use of academic conventions, references and bibliography. Basic independent reading and research from secondary sources, appropriate to this level. Weak application of numerical and statistical methods to defined problems, with many gaps or errors. Unreliable delivery of group work obligations, for this level. Limited awareness of options. Confused recommendations. Little awareness of ethical issues, where relevant. Limited reflection on own strengths and weaknesses in relation to defined professional and practical skills. 30 - 39% FAIL. POSSIBLE COMPENSATION. Includes insufficient required factual content, with significant gaps or inaccuracies. Incoherent or irrelevant introduction and conclusions. More than 10% outside word count or presentation time. Includes substantial irrelevant factual content. Incoherently structured material. Serious mistakes in spelling, grammar, punctuation, paragraphing. Limited identification of relevant concepts, theories and/or principles, appropriate to this level, showing no appreciation of the limits of knowledge in this area. Little selection of information or data, and little attempt at collation, categorisation, analysis or evaluation. Poor writing style OR a presentation that is not engaging, audible or well paced. Does not use technical vocabulary, where appropriate. Limited understanding of factual and conceptual material, relative to this level. Little or no argument, entirely descriptive or personal opinion, with no reference to literature. Poor visual presentation, including font, spacing, margins, headings, graphics, images and appendices. Calculations are mostly inaccurate, or incorrectly set out or explained. Theory not related to practice, using appropriate conceptual frameworks. Inaccurate or incomplete use of academic conventions, references and bibliography. Minimal independent reading and research, appropriate to this level. Very weak application of numerical and statistical methods to defined problems, with significant errors. Poor delivery of group work obligations, for this level. No awareness of options. Irrelevant or no recommendations. Little or no awareness of ethical issues, where relevant. Very limited reflection on own strengths and weaknesses in relation to defined professional and practical skills. 16 - 29% FAIL. NO COMPENSATION. Includes almost no required factual content, and with very significant inaccuracies. Incoherent or missing introduction and conclusions. More than 10% outside word count or presentation time. Includes mainly irrelevant factual content. Very incoherently structured material. Serious and extensive mistakes in spelling, grammar, punctuation, paragraphing. Minimal or inaccurate identification of relevant concepts, theories and/or principles. No evidence of the selection, categorisation, analysis or evaluation of information or data. Incoherent writing style OR an inaudible, poorly paced and unengaging presentation. Limited understanding of factual and conceptual material, relative to this level, showing no appreciation of the limits of knowledge in this area. No argument, entirely descriptive or personal opinion, with no reference to literature. Very poor visual presentation, including font, spacing, margins, headings, graphics, images and appendices. Calculations are inaccurate, with no explanations. Theory not related to practice. Very inaccurate or no use of academic conventions, references and bibliography. No independent reading and research, appropriate to this level. Minimal application of numerical and statistical methods and techniques to defined problems, with significant errors. Very poor delivery of group work obligations, where relevant.PM203 Information Technology Spring 2017 Coursework Brief GSM LONDON Page 8 of 9 No recommendations. No awareness of ethical issues, where relevant. Minimal or no evaluation of own strengths and weaknesses in relation to defined professional and practical skills. 0 - 15% FAIL. NO COMPENSATION. Does not include required factual content. No introduction and conclusions. More than 10% outside word count or presentation time. Includes entirely irrelevant factual content. Very incoherently structured material. Serious and extensive mistakes in spelling, grammar, punctuation, paragraphing. No identification of relevant concepts, theories and/or principles. No evidence of the selection, categorisation, analysis or evaluation of information or data. Incoherent writing style OR an inaudible, poorly paced and unengaging presentation. No understanding of factual and conceptual material, showing no appreciation of the limits of knowledge in this area. No argument, entirely personal opinion, with no reference to sources. Exceptionally poor visual presentation, including font, spacing, margins, headings, graphics, images and appendices. Calculations are missing, with no explanations. Theory not related to practice. No use of academic conventions, references and bibliography. No independent reading and research, appropriate to this level. No application of numerical and statistical methods to defined problems. No delivery of group work obligations, for this level. No recommendations. No awareness of ethical issues, where relevant. No evaluation of own strengths and weaknesses in relation to defined professional and practical skills.