Steers the alert procedures and crisis management

BSBSTR601–
STUDENT NAME:LAKSHAY KATHPAL
STUDENT ID:ULD16157

QUESTION 1

2.Time audits: Simply put, a time audit is keeping track of what you do during the day. You will want to track your time over a period of several days so that you can get a better idea of how you are spending your time. This way you can examine and analyze how you actually spend your time versus how you want to spend your time.

Source:

Define business innovation

Business innovation: business innovation is when companies implement new processes, ideas, services, or products with the goal of boosting the bottom line. The purpose of the business innovation process is to create value for the organization.

Incremental innovation: The term Incremental Innovation refers to a series of small improvements made to a company’s existing products or services. Generally, these low cost improvements help further differentiate a company from the competition while building on current offerings. You are trying to improve the products in some way.

d) Radical innovation

Radical innovation is an invention that destroys or supplants an existing business model. Unlike architectural or incremental innovation, radical innovation blows up the existing system or process and replaces it with something entirely new.and prosper.

�The securing of a new source of raw materials or other inputs.
�The creation and application of a new organizational.

QUESTION 6

A knowledge management system is any kind of IT system that stores and retrieves knowledge to

improve understanding, collaboration, and process alignment. Knowledge management systems can

c) Provide at least three examples of the information held in a knowledge management system.

�human resources
�business strategy and
�information technology.

�Personal mastery.

�Mental models.

QUESTION 9

List three quality management and continuous improvement theories and provide a short description of their theory.

e) Strong risk management culture

A strong risk culture has a strong effective governance structure which is fit for the needs of the organization. It will be featured in many of the organizations business functions and be an integral part of the decision making process. The structure will be transparent and open to both challenge and review.

g) Continuously improving risk management

Risk management is part of a continuous improvement approach. The ongoing identification and treatment of risks is reinforced by mapping major risks for the group and its units. It steers the alert procedures and crisis management, both of which are the subject of regular simulation exercises.

b) Operation

Supply chain operations include the systems, structures and processes to plan and execute the flow of goods and services from suppliers to customers. To maximize effectiveness, it is critical to evaluate both internal operations and the extended supply chain that includes suppliers and customers.

Question 12

Outline at least three sustainability practices that would be relevant to an Australian business which provides consultancy services to clients at its offices, or at the client’s offices.

b) List and describe the four steps in conducting a gap analysis.

Steps for a gap analysis:

� Determine the future state of things.
� Identify the gap between the two states.

b) Identify two opportunities or trends businesses could adopt/do adopt for business continuity during COVID-19 or similar pandemic situations.

� Ensure all staff has access to a reliable internet connection when working for home.

� Calm the naysayers.

� Ease up.

Based on the issues/trends you have identified in the previous assessment task, identify strategies that can be used to try and address these issues. Document these using a word processor where you identify each issue, and the strategy to address this.

2. Develop policy:

� Develop a Continuous Improvement Policy for CBSA using the organisation’s Policy and Procedures

� continuous improvement model

� continuous improvement strategies that should be implemented

requirements.

3. Develop continuous improvement tools:

Based on the email you are to complete the following task:

Review the CBSA Communication Policy and Procedures (accessible via the CBSA website) for the delivery

� Provide an overview of your Continuous Improvement Policy and Procedures

� Provide an overview of the continuous improvement tools you have developed to support the policy.

ATTACHMENTBELOW:

Based on the email, you are to complete the following tasks:

1. Undertake analysis:

� calculate a cost for each strategy

� calculate the likely benefit in monetary terms for each strategy

� provide a description for each risk

� determine the potential consequences and the likelihood of the risk occurring

2. Seek approval for your findings:

Using the Email Template (accessible from the CBSA website) draft an email to Gavin Stead sending the

� You must specify a subject.

� You must specify the report as the attachment.