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Assessment Task Two Guideline Professional Advisor Studies Due: Class Week 4.8 Type: Professional Advisor Literature Review Value of Assessment: 40% Rationale for Assessment: This assessment will give...

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Assessment Task Two Guideline
Professional Advisor Studies         
Due:                    Class Week 4.8     
Type:                    Professional Advisor Literature Review

Value of Assessment:        40%    
Rationale for Assessment:
This assessment will give you the opportunity to demonstrate your ability to meet
learning outcome 3 - Critically evaluate a range of evidence supported Professional Business Advisor frameworks, 4 - Critically evaluate research literature that examines effective Professional Advisor practices and 5 -Devise process maps to address a range of familiar and unfamiliar Professional Business Advisor challenges and problems from case studies. In this assessment task learners will critically evaluate research-based advisor frameworks and effective Professional Advisor Practice literature in order to develop the ability to formulate process maps that might support sustainability or productivity changes in a business. Learners will need to show the ability to formulate a map for both a familiar and unfamiliar scenario in this assessment task.
Guidelines for Assessment:
Learners are required to critically evaluate evidence-based Professional Business Advisor frameworks and effective Professional Advisor practice literature and develop process maps to address both a familiar and unfamiliar sustainability or productivity scenario from literature or a case study. The process maps should shown evidence of drawing on both sets of literature evaluated. This assessment requires the learner to create realistic process maps to implement proposed sustainability or productivity changes.

Core requirements the Assessment must include are set out below:
1. Review class notes, designated readings and preparatory activities and formative assessment task learning.
1. Critically evaluate 4 evidence-based Professional Business advisor frameworks and identify one to address a familiar and one to address an unfamiliar sustainability or productivity change
1. Critically evaluate 4 effective Professional Advisor practices and identify one to address a familiar and one to address an unfamiliar sustainability or productivity change
1. Identify specific familiar and unfamiliar sustainability or productivity scenarios.
1. Create process maps for the familiar and unfamiliar sustainability or productivity scenarios to support changes in the businesses.
1. Utilise flow diagrams in your Review.
1. Summarise learning from the literature and how it is applied in your process maps.
1. Provide a bibliography of sources used in this assessment task.
Marking Criteria
Marks may be awarded as set out below.
    Assessment Requirements
    Available Marks
    1. Introduction to Review
(Up to two marks maybe awarded for articulation of the introduction and ‘planned Review structure).
    4
    2. Critically evaluate 4 evidence-based Professional Business Advisor Frameworks
(Up to two mark maybe awarded for the critical evaluation of each framework)
    8
    3. Critically evaluate 4 effective Professional Advisor practices
(Up to two mark maybe awarded for the critical evaluation of each framework)
    8
    4. Identify a specific familiar and unfamiliar sustainability business change scenarios described.
(Up to 2 marks maybe awarded for the accuracy and clarity of each of the business change scenarios provided)
    4
    5. Create process maps for the familiar and unfamiliar sustainability or productivity scenarios to support changes in the businesses identified and utilise flow diagrams in your Review
(Up to three marks maybe awarded for the articulation, appropriateness and diagrammatic representation of the 2 process maps presented).
    6
    6. Summarise learning from the literature and how it is applied in your process maps
(Up to 1 marks may be awarded for linking each of literature sources reviewed to the 2 process maps created)
    8
    7. Provide a Bibliography of all learning sources supporting the production of this assessment task
(Up to one mark maybe awarded for the organisation and accuracy of referencing in the Review)
    2
    Total
    30
Note to Assessor: Assessor should be informed by the generic Marking Ru
ic-Performance Criteria in the Learner Programme Handbook.
Answered Same Day May 22, 2020

Solution

Vineet Kumar answered on May 26 2020
144 Votes
2
Professional Advisor Studies
Introduction
Professional advisor is those experts who provide their services to the business owner or manager after their calling to find the solution to a new problem. The professional advisor reviews the cu
ent situation of business and provides their advice related to any immediate actions which are needed to be taken for preventing the organization from more damage. In this context, this paper discusses the frameworks that are used by the professional business advisor to review the business’ performance and providing the solution to the business. Further, this paper defines the practices which are used by advisors to provide their services to clients effectively. After this, it defines some familiar and unfamiliar sustainable aspects related to a business as well as the process maps to support the changes in the business. In the last, this paper uses the review of the diagram to provide the most acceptable conclusion. To conduct this paper, Apple Inc is selected as an organization.
Evidence-based Professional Business Advisor Frameworks
Followings are some effective frameworks that are used by the professional business advisors:
Benchmarking
It is a process to conduct comparing company metrics with the metrics of existing competitors. The metrics that are used for the benchmarking include process cycle time, employee turnover, production costs and revenues (Stapenhurst, 2009).
Balanced Scorecard
This is actually a framework to track the important aspects related to the strategy of the company. It also facilitates to make improvement and changes in the organizational productivity and performance. This is used to measure metrics that help the companies to set long-term strategic goals and focus on them before being any trouble and its notification in the company’s financial statement (Niven, 2010). It is a quantitative set of the company’s objectives which can measure over the time. It includes earnings, revenues, a share in the market, quality, metrics related to customer satisfaction and employee morale.
Porter’s Five Forces
This method is developed by Michael E. Porter. Five forces give a framework for the industry analysis which is used in the creation of the strategic plan. There are five competitive forces which influence the profitability of an industry (50minutes.com, 2015). This model includes five terms to analyze the competitive power of an organization in an industry that is:
• Competitor rivalry
• Buyer’s bargaining power
• Suppliers’ bargaining power
• A threat of new entrants (50minutes.com, 2015)
• A threat of substitute offerings
Core Competencies
It is a fact that each company has some competencies which help that company to get success in the market. The identification process for the core competencies of companies facilitates to define the strategic positioning of the company as well as the competitive advantage. For a company, core competency is actually in a particular which cannot be copied by competitors in an easy manner. The analysis of the core competency allows company for delivering unique value or options to target potential customers (Drejer, 2002). Hence, it gives a “leg up” to the company on the existing level of competition.
For addressing the familiar productivity changes, the use of core competency in many benefits to the company as it focuses on the existing strength that may help to implement the changes in the organizational productivity effectively. Further, it also facilitates the organization to know about the strength area as well as the weaker areas. Through the help of this model, the company can address the familiar changes in sustainability or productivity. For addressing the unfamiliar sustainability or productivity change, Porter’s Five Forces is an effective option as it considers each aspect related to a company that may affect the growth and development factors. This model focuses towards the improvement of the company through the analysis of the competitors, customer demand, and market structure. Hence, it can be a useful aspect in the addressing that changes which is not familiar with the organization.
Professional Advisor Practices
The professional advisor uses various practices to provide services to clients or other customers. In this context,...
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