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Assignment 1: A Growing Small Business, business and finance homework help
Select an existing small company in an industry you are familiar with to be the basis of the small business in this case. Review the company’s structure, culture, business strategy, mission, and vision.
Write a five to six (5-6) page paper in which you:
Describing company’s business strategy; designing HRM management strategy; developing HR Scorecard table
- Provide a brief summary, in your own words, of your selected company’s overall business strategy. Next, determine the direction you visualize the company growing within the next five (5) to ten (10) years. Hint: Review the common business strategies of Cost Leadership, Differentiation and Focus or Niche on p. 50 of your text.
- Design a human resource management strategy to support your selected company’s business strategy. Explain the competitive advantage of your HRM strategy. Hint: Review the following common human resource management strategies of Loyal Soldier, Bargain Laborer, Committed Expert and Free Agent from previous courses.
- Develop an HR Scorecard table for your selected company. Include the four (4) dimensions (i.e., financial, customer service, internal process, and learning / growth / sustainability). Next, assess the value of your proposal to the small business in each of these dimensions. Hint: Review the video titled “Building the Human Resources Performance Measurement Scorecard” (4 min 1 s) located at for additional guidance in creating an HR Scorecard.
- Use at least three (3) quality academic resources in this assignment from within the past five (5) years. Note: Wikipedia does not qualify as an academic resource.
- Format your assignment according to these formatting requirements:
- Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
- Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.
- Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.
The specific course learning outcomes associated with this assignment are:
- Assess the strategic role of human resource management and the components that provide a competitive advantage to the organization.
- Determine the human resource management function of human resource planning and its importance to business strategy.
- Develop work designs that support the human resources strategy.
- Use technology and information resources to research issues in human resource management.
- Write clearly and concisely about human resource management using proper writing mechanics.
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Points: 200 |
Assignment 1: A Growing Small Business |
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Criteria |
Unacceptable Below 70% F |
Fair 70-79% C |
Proficient 80-89% B |
Exemplary 90-100% A |
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1. Provide a brief summary in your own words of your selected company’s overall business strategy. Next, determine the direction you visualize the company growing within the next five (5) to ten (10) years. Weight: 20% |
Did not submit or incompletely provided a brief summary in your own words of your selected company’s overall business strategy. Did not submit or incompletely determined the direction you visualize the company growing within the next five (5) to ten (10) years. |
Partially provided a brief summary in your own words of your selected company’s overall business strategy. Partially determined the direction you visualize the company growing within the next five (5) to ten (10) years. |
Satisfactorily provided a brief summary in your own words of your selected company’s overall business strategy. Satisfactorily determined the direction you visualize the company growing within the next five (5) to ten (10) years. |
Thoroughly provided a brief summary in your own words of your selected company’s overall business strategy. Thoroughly determined the direction you visualize the company growing within the next five (5) to ten (10) years. |
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2. Design a human resource management strategy to support your selected company’s business strategy. Explain the competitive advantage of your HRM strategy. |
Did not submit or incompletely designed a human resource management strategy to support your selected company’s business strategy. Did not submit or incompletely explained the competitive advantage of your HRM strategy. |
Partially designed a human resource management strategy to support your selected company’s business strategy. Partially explained the competitive advantage of your HRM strategy. |
Satisfactorily designed a human resource management strategy to support your selected company’s business strategy. Satisfactorily explained the competitive advantage of your HRM strategy. |
Thoroughly designed a human resource management strategy to support your selected company’s business strategy. Thoroughly explained the competitive advantage of your HRM strategy. |
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3. Develop an HR Scorecard table for your selected company. Include the four (4) dimensions (i.e., financial, customer service, internal process, and learning / growth / sustainability). Next, assess the value of your proposal to the small business in each of these dimensions. Weight: 25% |
Did not submit or incompletely developed an HR Scorecard table for your selected company. Did not submit or incompletely included the four (4) dimensions. Did not submit or incompletely assessed the value of your proposal to the small business in each of these dimensions. |
Partially developed an HR Scorecard table for your selected company. Partially included the four (4) dimensions. Partially assessed the value of your proposal to the small business in each of these dimensions. |
Satisfactorily developed an HR Scorecard table for your selected company. Satisfactorily included the four (4) dimensions. Satisfactorily assessed the value of your proposal to the small business in each of these dimensions. |
Thoroughly developed an HR Scorecard table for your selected company. Thoroughly included the four (4) dimensions. Thoroughly assessed the value of your proposal to the small business in each of these dimensions. |
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4. 3 references Weight: 10% |
No references provided. |
Does not meet the required number of references; some or all references poor quality choices. |
Meets number of required references; all references high quality choices. |
Exceeds number of required references; all references high quality choices. |
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5. Writing Mechanics, Grammar, and Formatting Weight: 5% |
Serious and persistent errors in grammar, spelling, punctuation, or formatting. |
Partially free of errors in grammar, spelling, punctuation, or formatting. |
Mostly free of errors in grammar, spelling, punctuation, or formatting. |
Error free or almost error free grammar, spelling, punctuation, or formatting. |
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6. Appropriate Use of APA In-Text Citations and Reference Weight: 5% |
Lack of in-text citations and / or lack of reference section. |
In-text citations and references are provided, but they are only partially formatted correctly in APA style. |
Most in-text citations and references are provided, and they are generally formatted correctly in APA style. |
In-text citations and references are error free or almost error free and consistently formatted correctly in APA style. |
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7. Information Literacy / Integration of Sources Weight: 5% |
Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations. |
Sources are partially integrated using effective techniques of quoting, paraphrasing, and summarizing. |
Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing. |
Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing. |
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8. Clarity and Coherence of Writing Weight: 5% |
Information is confusing to the reader and fails to include reasons and evidence that logically support ideas. |
Information is partially clear with minimal reasons and evidence that logically support ideas. |
Information is mostly clear and generally supported with reasons and evidence that logically support ideas. |
Information is provided in a clear, coherent, and consistent manner with reasons and evidence that logically support ideas. |
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