Prompt:

Background

For your final project, you are creating your own hypothetical scenario within the following parameters and applying the concepts covered this term.

The INDUSTRY:

• First, select one of the following industries for this project and research the use of AI in this industry. (This has been covered in the Lessons also.)
• Agriculture
• Transportation
• Healthcare
• Finance
• Aerospace
• Education

The COMPANY:

• Now, for this project,
• Create a hypothetical U.S. private for-profit civilian company of 200+ employees that is in business in the industry you have selected. The company is a C-corporation owned by multiple unrelated shareholders.
• Give your company a name.
• You might research current businesses in the industry for ideas, but the assignment is to create a hypothetical company.
• You are the VP of Innovation of this company.

The AI:

• Next:
• Imagine a new AI application that might help productivity, ensure the business’ continuity, streamline efficiency, and thus free up time in tasks that humans now perform in the company.
• This can be a potential AI app you completely dream up, or it can be a new one just being released on the market that you find in your research.
• Identify which of the six (6) AI subfields is the primary AI type (see Week 2 Lesson) of this new AI. There are potential new apps in a variety of areas to consider for any industry now or in the future. To help your ideas for creative research for this paper, you could look atfor exampleAI assistance in such areas as AI-robotics, wearables, financial applications, cybersecurity, safety, product upgrades, customer support, medical diagnostics, supply chain, or transportation.

**NOTE:

• You are looking at the companys acquisition and use of a proposed new AI app that might support/enhance the companys business in some wayNOT a new product for the company to develop, sell or manufacture. Here is an analogy: It’s like acquiring a new broom to sweep the company’s production floor, not a new broom to create, develop, market, and sell to customers for their floors. Your company is not creating or building the AI app. It is considering if it should acquire and use it in its business operations.

The Assignment Task & Format Instructions and How to Organize Your Content :

The following provides an outline for your papers content with explanatory notes about what you should cover for each section. Use the APA Sample Student Paper you have used in prior Assignments for a template of how to structure your paper.

The Project:

Having imagined and created the hypothetical company in the selected industry and a new AI application as directed above, here is the Project Assignment:

1. You are the company’s Vice President of Innovation.
2. The CEO and Board have asked for your research and recommendation about the new AI app.
3. Prepare an APA7 paper that covers the points outlined below for the hypothetical you have created.
4. Write this paper in the third personNOT using I, we, us, you, or your.
5. Use the following outline for your content, which incorporates the Lesson material we have covered for the Course Objectives.

**TIP: Embrace the hypothetical as if it were a real business and mentally immerse yourself as the VP advising the CEO and Board. Use the company name where appropriate. Use the AI app name where appropriate. In other words, make it real.

**Paper Content Outline (Follow APA7 format as in prior Assignments):

Suggested title: Executive Report on the [Company Name]s Use of [Name of AI Application]

Introduction

In this section, you setting up your paper and introducing your topic. Describe the industry, the company, and the companys particular business in the industry. Explain what the company does (examples: services, manufacturing, retail, etc.), which will in turn drive the type of AI application it would be using. Summarize how AI is transforming business and how a new AI appnamed [app’s name]is being considered for the company. There are pros, cons, and other issues to consider in making the decision.

How AI is Transforming Business

In this section, summarize how AI has transformed business in general and how it is transforming, in particular, the company’s industry that you selected for your topic. Briefly summarize how this transformation is affecting the company’s need to advance.

Proposed New AI Application

In this section, explain the companys interest in a new AI application named [app’s name] and the potential benefit this AI might bring for the business. Describe the AI application of interest (as you have imagined itas indicated in PROMPT/Background above).

NOTE: This does not require a detailed technical description of the AI. What is the main AI subfield involved, and what will be the AIs function for the company? For example: [Name of the AI app] will use natural language processing to [description of app function] OR The company is considering a new AI wearable device called [name of the AI app] which machine learning [description of app function].” Then describe what it does. In these examples, it is not necessary to explain how NLP or ML itself works, only correctly align the subfield with the proposed AI app for the company. The function and benefit of the AI app for the companys operations is the focus of your description. In short, what is the AI, and what does it do?

Pros, Cons, and Benefits of AI

In this section, first describe the general issuespros and consof AI in business, including the benefits of AI. What are the benefits? What are the issues? Issues should include legal/ethical issues, change issues (e.g. work force disruption), concerns such as bias and corruption, and future implications. This provides a baseline for discussing the specific AI for your business.

Evaluation of AI for a Business

Summarize the pros, cons, and benefits for the (1) specific industry and company of your hypothetical, and (2) how they apply to the proposed new AI app the company is considering. What is the CEO/Board going to want to know? What is the benefit of this AI for the company? What are the downsides? The issues of concern? Explain the considerations and steps your company should cover in evaluating whether to implement the proposed new AI application for the future.

(Utilize Week 6 Lesson & eReserve readings as part of your research for this section.)

Recommendation for [Company Name]’s Implementing [Name of the AI Application]

What is the recommendation: use the app or pass on it? Why? Also in this section, assuming the business decides to use the AI application, recommend and explain at least three (3) steps the company should employ in its implementation. (Refer to Week 6 Lesson and eReserve readings as part of your research.) These should be three (3) main general steps important to cover.

Conclusion

Wrapping up: Summarize the benefits and considerations of AI and the business using this AI application and recommendation.

References

This is a separate page listing the APA7 citations of your supporting research. All should be cited in text in the paper.

You must use a minimum five (5) credible sources.

and

All references listed on the References page must also appear as in-text citations in the paper, correctly supporting your narrative.

Paper Structure:

• Prepare your paper in Word in APA 7th Ed. Style. See the APA Help module in Course Content.
• Write in third-person.
• NO abstract. NO table of contents.
• Length: 2,1002,300 words (excluding Title Page and References Page).
• References Minimum of five (5) credible References; all sources listed on the References page must be cited in-text, supporting your narrative.

Share a personal statement focused on what you feel is the most important issue facing communities today. – I will give more info in messages

If you help me win Bank of America (BOFA) Student Leaders Program I will give you a $1000 tip so please make it greatPeople who has experience in banking, finance, accounting, economics, sociology are welcomeHere’s my draft that I personally wrote:

My interest in the Bank of America Student Leaders Program is based on a concept of

equality; that the biggest challenge currently confronting communities is economic inequality,

not the income disparity, but the disequilibrium in access to financial literacy, opportunities,, and

movement. I am already 18 years old, and have witnessed how situations can influence results

more than ability. I have seen good young people push off their aspirations not due to an absence

of ambition, but due to having not been exposed to financial literacy, mentoring, and avenues of

economic empowerment. These experiences influenced my dedication to leadership based on

increasing opportunities for others.

My understanding of this problem was worsened by both personal observations and

academic analysis. Having enrolled in courses of sociology, environmental studies, and

microeconomics as part of the Pre-College Program at Syracuse University, I started to see

inequality not only as a social problem but also as an economic obstacle. I also realized that

markets can provide the reward for productivity, and yet, they do not necessarily provide access-

and that discovery made me rethink the opportunity within my own community.

Now, during my Accounting course, which lasts a whole year, and the course in

Entrepreneurship, I am less focused on understanding inequality and more on how to address it.

Accounting has taught me the importance of financial literacy- how to budget, how to use credit

for my benefit, how to use my money wisely- and entrepreneurship has taught me the way

businesses can create employment, spread wealth in my area, and enable people to create

stability in their lives and those of others.

More importantly, I have understood that there are a lot of young people who are not

exposed to these routes. Entrepreneurship would be unattainable without mentorship or financial

3

education. This is the gap that motivates my leadership desires: the ability to empower students

to perceive financial knowledge not as privilege, but as power, a way to invest in their future and

build their communities.

The Bank of America Student Leaders Program is the medium through which this vision

can be put into practice. Its values, such as civic engagement, workforce experience, and

community service, are directly aligned with my vision of the improvement of financial literacy

and youth entrepreneurship efforts. I want to be mentored by successful people in the community

and also be part of initiatives that can help youths like myself have more economic opportunities

in life.

I am 18 years old, and I am still a novice in my leadership career. However, I also

understand that once young people acquire financial literacy and entrepreneurial confidence, they

will start perceiving themselves not as consumers in the economy, but as economic constructors.

Through provision of knowledge, mentorship and opportunity, I would like to contribute to the

establishment of those communities where potential rather than circumstance would be the

measure of success.

Textbook or eBook:

Hill, C., Jones, G., & Schilling, M. (2020). Strategic management theory: An integrated approach (13th ed). Cengage Learning.

Introduction

Sales forecasting is important and essential to business decision.

The sales forecasting methods introduced in Module 2 are Time Series Methods, whereas the Regression model (both multiple and simple regression) covered by Module 3 (and Module 5) is generally considered as Causal Method. In this discussion forum, give an example for each method (i.e., Time Series and Causal Method), explain and discuss the differences between them.

Below I’ve attached the 3 lecture slideshows to help you answer the discussion question better.

Please reply to two classmates.

Your initial response needs to be at least 100 words and each response to each classmate’s response must be at least 50 words.

I will give you their responses so you can reply to them after you’ve done your initial response to the discussion post.

General Instructions:

Academic papers chosen must be either published in an academic journal or posted and distributed on SSRN.

All academic papers used in an assignment must be cited.

No academic paper may be used for more than one assignment, i.e. different academic papers must be used for each assignment/activity.

Academic papers should be chosen based on your research area of interest and come from a diverse set of journal outlets. Moreover, for each paper chosen a pdf copy of the article needs to be saved within your research materials for use later in the program.

If Generative AI is used, both the source (BARD, ChatGPT) and the prompt (the set of commands fed to the source) must be cited.

Assignment/Activity #3

1. Choose a topic/concept that is covered within the course and conduct a literature review of the topic/concept since its inception.

2. Draft an abridged literature review that describes the evolution of the topic/concept to the present.

Your literature needs to include:

a. A citation of the topic/concept origin.

b. At least four separate examples of how the topic/concept either:

i. Evolved over time,

ii. Shaped future research,

iii. Was applied/used in new ways.

c. Choose single current (last two years) paper related to the topic/concept that you find particularly insightful.

i. Provide the citation.

ii. Explain the paper in brief.

iii. Explain why you find the paper so insightful.

3. Provide a brief reflection on what you found interesting about how knowledge creation evolves through time.

General Instructions:

Academic papers chosen must be either published in an academic journal or posted and distributed on SSRN.

All academic papers used in an assignment must be cited.

No academic paper may be used for more than one assignment, i.e. different academic papers must be used for each assignment/activity.

Academic papers should be chosen based on your research area of interest and come from a diverse set of journal outlets. Moreover, for each paper chosen a pdf copy of the article needs to be saved within your research materials for use later in the program.

If Generative AI is used, both the source (BARD, ChatGPT) and the prompt (the set of commands fed to the source) must be cited.

Assignment/Activity #2

1. Choose a topic/concept within the finance field. Note the topic/concept may or may not be covered explicitly in the course. Prepare a short video (no more than 5 minutes) that explains your chosen topic/concept to your colleague (a person who is extremely bright but unfamiliar

with the finance field).

Your video needs to include:

a. Your image speaking to the camera, but no other aids such as slides or whiteboards.

b. A discussion of the origin of the topic/concept, along with any relevant citations.

c. A discussion of the importance of the topic/concept.

d. A discussion of a current example of the topic/concept.

e. The video must be uploaded in MP4 format.

2. Provide a brief reflection on what aspects of this assignment were challenging.

Note: Finance topics suggested:

• Digital Lending & Automation,
• AI for Predictive Maintenance and Financing
• Strategic Investment in Used Equipment and Inventory
• Interest Rate Pressures on Sustainability and Innovation.
• or any challenging finance topics regarding manufacturing technology

General Instructions:

Academic papers chosen must be either published in an academic journal or posted and distributed on SSRN.

All academic papers used in an assignment must be cited.

No academic paper may be used for more than one assignment, i.e. different academic papers must be used for each assignment/activity.

Academic papers should be chosen based on your research area of interest and come from a diverse set of journal outlets. Moreover, for each paper chosen a pdf copy of the article needs to be saved within your research materials for use later in the program.

If Generative AI is used, both the source (BARD, ChatGPT) and the prompt (the set of commands fed to the source) must be cited.

Assignment/Activity #1

You are asked to choose an article published in one of the finance journals listed below and not one that is required reading for the course. The topic of your article can be on any area of finance; however, as always, your choice should be guided primarily by your

interest and curiosity.

Requirements:

Written report not longer than 3 pages, excluding appendices.

Report must contain/address:

o Author(s), Year, Title, Journal, Pages, citation

o What are the research questions being asked?

o Why are these research questions important?

o What analysis do the author(s) conduct to address their research question?

o What are the main findings of the analysis?

o What are the financial and economic implications of the results?

o What did you personally learn from this review of academic financial research?

Finance Journals:

Journal of Finance Review of Finance

Review of Financial Studies Journal of Financial Markets

Journal of Financial Economics Journal of Financial Intermediation

Journal of Financial and Quantitative Analysis

Note: Please use a recent academic journal that publidhed not more than Seven years or 2019 or upwards.

A Trkiye Burslar Letter of Intent should ideally be around 1 to 2pages long, typically ranging between 500 to 1000 words. It needs to be concise, clear, and directly address your academic background, reasons for choosing Turkey, and future goals, ensuring it adheres to the “KISS” (Keep It Simple, Short) principle rather than using overly complex language.

Overview A sustainable, competitive advantage aligns with an organizations strengths and long-term strategy, which is where the Blue Ocean Strategy excels. By creating uncontested market spaces and delivering innovative value, organizations can minimize competition and uncover new opportunities for growth. Through a comprehensive analysis of risks and opportunities, businesses identify gaps, address unmet customer needs, and align with emerging trends like sustainability or technology. Defending these decisions with clear evidence and measurable outcomes builds stakeholder confidence and drives strategic buy-in. By leveraging the Blue Ocean Strategy, organizations can foster innovation, adapt to challenges, and achieve sustainable growth, ensuring continued success in evolving markets. Scenario This is your opportunity to prove why your new product or service deserves funding. Youve done the research, and you understand that the investment youre seeking could be a game-changer for the companydriving revenue and profitability and strategically setting the organization apart from its competitors. Now, as you prepare to address questions from senior management, youve developed a comprehensive checklist with key talking points to cover all aspects of the project. Research and market analysis Feasibility of the idea using the Business Model Canvas (BMC) Project scope, including a timeline Risk mitigation strategies Alignment with diversity, equity, and inclusion (DEI) and corporate social responsibility (CSR) goals A 24-month pro forma that outlines financial projections In this project, you will demonstrate your mastery of driving business opportunities based on the following competencies: Determine how an organization gains a competitive advantage Determine organizational risk and growth opportunities in order to develop a strategic plan Defend business decisions in support of an organizations strategic plan Directions Create a pitch for funding. In this pitch, you will have to convince senior management to greenlight the new product or service. Specifically, you must address the following rubric criteria: Value Proposition: Describe the companys existing value proposition in the market. Describe the selected companys main product or service. Discuss the companys overall strategic plan. Competitive Advantage: Describe the competitive advantage the company will gain by funding the project. Describe how you discovered an opportunity to do something better than your competitors. Determine how the new product or service shifts the value proposition of the company. Risks and Opportunities: Establish the risks and growth opportunities of the company. Determine if the new product or service could disrupt the industry now. Identify the risks associated with the development of this new product or service. Growth Opportunities: Describe the areas of potential growth for the company. Identify the growth opportunities within the company. Explain how the competitive advantage allows for growth. Distinguish as a New Product or Innovation: Distinguish the new product or service as an innovation or improvement on an existing product or service. Determine if the product or service fits within the capabilities of the company. Note: A companys SWOT analysis or 10-K is an indicator of whether the new product or service could be feasible. Explain how the new product or service adds to the portfolio of the company. Target Segment: Describe the targeted segment. Identify the target customer. Explain your blue ocean strategy. Note: The new market is identified here. Speculate Sales: Speculate on the projected sales. Justify your product or service by the numbers; discuss your projected revenue gain. Note: It MUST have an ROI that justifies the project for investors and senior management. Explain the risks associated with projected sales. Speculate Profitability: Speculate on the profitability of your proposed product or service. Determine if the project is profitable. Note: In this pitch for funding, senior management must know that the project, based on market research, is speculated to be profitable. Use the companys latest income statement to project how the companys profitability will be affected. Look to other companies in the marketplace with products or services similar to the one you are proposing as a basis for your projections. Note: These numbers are purely speculative. Determine the impact on the functional areas of the business (accounting, marketing, sales, and so on). CSR Plan: Outline the plan to service the community or customers who purchase the product or service. Discuss how the idea demonstrates corporate social responsibility (CSR). Identify what the company has invested in as it relates to the communities they serve. Discuss how a good CSR plan helps the company gain competitive advantage. DEI Plan: Summarize how the project will include a variety of perspectives to gain a better unique value proposition. Determine if the company has a corporate culture built on DEI. Discuss how the projects DEI plan fits into the companys overall strategic plan. What to Submit To complete this project, you must submit your funding pitch script. Your script should be written as if you were delivering the speech. It must be a 6 page Microsoft Word document using double spacing, one-inch margins, and 12-point Times New Roman font. Sources should be cited according to APA style.

Learning Objectives Assessed This assignment assesses Learning Objectives Analyse and apply appropriate techniques and methods in the integration of procurement management and global sourcing operations. Evaluate and measure alternative procurement management and global sourcing options in the context of a flexible global supply chain. Leverage the resources of a group to critically analyse situations and develop solutions to procurement-related problems. Submission guide for written assignments All written assignments must be submitted electronically; hard copy submissions will not be accepted. All written assignments will be marked with feedback online. For all written assignments, you have to sign the following Assessment Declaration: I declare that in submitting all work for this assessment, I have read, understood and agree to the content and expectations of the Assessment declaration (click for Link). For information about academic integrity at RMIT, visit Common Items for both Assignment 1 and Assignment 2 –Higher education coversheet of work assessment –Title Page: (course name, course or unit number, students name and student number, Lecturers name and date of submission). –Table of Contents: (Section No., name of sections and page number). –Abstract: (No more than one page): An abstract summarises the argument of the submission. The abstract helps the readers to preview the content of the paper and assists them in following the thread of your argument. It also tests whether or not you grasp the essentials of your arguments adequately. The abstract should be clearly labelled and presented after the table of contents but before the beginning of your main paper. –Body of Paper: Refer to the suggested headings and sub-headings for each of the assignments. –Reference: Includes only those sources that are cited in the text of the paper. YOU MUST FOLLOW ONE STYLE THROUGHOUT THE PAPER. –Appendices (e.g. scanned copies of group meeting proceedings). Details of Assignment 1 Group of 3 students to prepare and submit Assignment 1 Three students from the same tutorial section form a group. Each group member contributes to the group work for the assignments on an equitable basis. (CAREFULLY READ, AND IN YOUR FIRST WORKSHOP SESSION, DISCUSS WITH THE LECTURER IF ANY ASPECT IS NOT CLEAR TO YOU) A. Title: Procurement Process in Small or Micro Enterprises (This assignment is aimed at consolidating your understanding of the procurement process in real-life micro or small businesses in the light of the study materials of this course) B. Due Date and Time: Sunday, 1 March 2026 (8:59 PM Singapore time) (Refer to penalty clause for late submission). C. Marks: 20% of course mark (15% Written paper + 5% WIL Presentation) D. Word Count: 1,500 words to 2,800 words (strictly) inclusive of text, table, and figure but excludes presentation slides. E: Requirements: Write a research paper on the procurement practices of three micro business enterprises operating in your city of current residence. {if the number of persons in the group is different from three, you are required to seek approval from your Lecturer). Please look at the instructions for crafting the presentation slides (to be attached to the paper). The presentation will be held in your 7th workshop session (designated as WIL Reflection Workshop). Please check with your Lecturer if you are not sure whether the organisations you have chosen are micro or small businesses. Penalties will be imposed if it is later found that any of the businesses are not micro or small businesses. F. The body of the paper, in addition to common items, to contain the following headings and sub-headings: I. Introduction II. Comparative Profiles of the Organisations: a. Brief description of micro-businesses (Type of organisation, product, market). b. Identify the organisations’ position in the supply chain (for example, retailer, wholesaler, distributor or manufacturer?) concerning ONE overseas origin product they purchased. c. ICT Usage Status: List the Information and Communication Technologies that are currently used in managing procurement activities in the organisations under study. Comparatively, describe the benefits the organisations derived from using ONE of these technologies. “Information and Communication Technologies (ICTs) is a broader term for Information Technology (IT), which refers to all communication technologies, including the internet, wireless networks, cell phones, computers, software, middleware, video-conferencing, social networking, and other media applications and services enabling users to access, retrieve, store, transmit, and manipulate information in a digital form” reproduced from ( ).Links to an external site.(accessed 18 February 2021) III. Comparative (compare the similarities and/or differences) Procurement Processes. Comparatively, describe and analyse the procure-to-pay process for your selected micro-organisations. Follow all the items, except supplier identification/selection, listed in “Exhibit 2.3 – captioned “Procure to pay diagram-1.docx Download Procure to pay diagram-1.docx” at p. 52 of your recommended textbook. For the Supplier identification/selection item, comparatively, discuss the identification and selection process of one single supplier in each of your micro-businesses. The identification and selection process of single suppliers to be discussed in the light of any three conditions discussed in the Sourcing snapshot titled Evaluating the Risks and Challenges of Sole and Single Sourcing-3.pdf Download Evaluating the Risks and Challenges of Sole and Single Sourcing-3.pdf (p. 253-254 of your recommended textbook). IV. Prospects, impediments, and prerequisites for a circular economy (CE) for sustainability among SMEs