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COLLABORATIVE ASSIGNMENT Due 23 July 2018, 11:55 pm (Adelaide time) Weighting 10% of total grade Format Forum post of 250 words (+/-10%) Submit your forum post It is highly recommended that students...

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COLLABORATIVE ASSIGNMENT

Due23 July 2018, 11:55 pm (Adelaide time)
Weighting10% of total grade
FormatForum post of 250 words (+/-10%)
  • Submit your forum post

It is highly recommended that students have familiarised themselves well with the relevant concepts discussed in their textbook (See Chapter 2‘Charting a company’s direction: its vision, mission, objectives and strategy’) before they start working on their collaborative assignment.

This assignment needs to be completed intwophases.In Phase 1, you are required to collaborate with other students in your class and share your views with each other before you finally proceed towards writing your individual report that you are required to submit in Phase 2.All students must participate in both phases.

Phase 1: Contribution to the collaborative learning forum

Given below are thevision, mission and values statements of MasterCard(MasterCard 2018,About Mastercard:Who we are, viewed 21 May 2018,https://www.mastercard.com.au/en-au/about-mastercard/who-we-are/vision-mission-values.html).

Vision statement
A World Beyond Cashâ„¢

Mission statement
Every day, everywhere, we use our technology and expertise to make payments safe, simple and smart.

Values

Trust:We act with integrity and respect; we encourage openness.

Partnership:We work as one team to the benefit of all — consumers, merchants, business partners, governments and the communities we serve.

Agility:We act with a sense of urgency and deliver value through our innovation and execution.

Initiative:We are empowered to take bold and thoughtful action, and we hold ourselves accountable for delivering results.


You are required to critically examine each of these statements against relevant concepts and principles discussed in your learning materials/textbook and comment on their appropriateness.

In this collaborating learning exercise, each student is required individually to makeoneoriginal contribution by posting in theCollaborative Learning Forumcreated for this purpose. Your original post must not exceed more than 250 words (plus or minus 10%).

Note: Though you are strongly encouraged to reply to other students’ contributions by supporting or challenging their views, you will not be able to see other students’ comments until you have posted your own contribution first.

Referencing

To strengthen your viewpoint, you are required to use a minimum of two (2) references (from credible sources) in your post and include those in a reference list at the end of your post. Your list of references will not be included in the word count.

Marks allocation

Your contribution to the collaborative learning forum will be graded on a scale of 1 to 10, with 1 being poor and 10 being excellent.

Answered Same Day Jul 18, 2020

Solution

Sundeep answered on Jul 21 2020
149 Votes
We have understood that the concept behind the vision statement is to craft the strategy, the mission statement gives us the strategic plan, the objectives are the ways in which it would be implemented and executed while the balanced scorecard helps in monitoring and adjustment of the strategies.( Harder, D., 2017)
The vision of MasterCard is : A world Beyond cash. It gives the strategy of MasterCard to provide services which are beyond the experiences that cash can provide
The mission statement of MasterCard is: ‘Every day, everywhere, we use our technology and
expertise to make payments safe, simple...
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