REQUIRED                                                                                 Management Reporting Forum 1: Introduce yourself, identifying  your Management Level, your Functional Area and your proposed Company Structure For your FIRST discussion post state your management level, department and company structure you will represent. No two students should choose the same department.   For example: Operational Manager, IT, investigating Direct Trading Platforms. Assume that i want to be the Manager- Market Operation (Marketing) Forum 2: Discuss your business structure 1.      From the perspective of your department and management level, describe your business structure. 1.      Suggest TWO contributing factors that may make yours the preferred structure. 2.      Request information from TWO other departments that could assist in your investigation. Please specify both the TYPE, and specific CONTENTS of the report you are requesting (Unit 3 types of output)

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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REQUIRED                                                                                

Management Reporting

Forum 1: Introduce yourself, identifying  your Management Level, your Functional Area and your proposed Company Structure

For your FIRST discussion post state your management level, department and company structure you will represent. No two students should choose the same department.

 

For example: Operational Manager, IT, investigating Direct Trading Platforms.

Assume that i want to be the Manager- Market Operation (Marketing)

Forum 2: Discuss your business structure

1.      From the perspective of your department and management level, describe your business structure.

1.      Suggest TWO contributing factors that may make yours the preferred structure.

2.      Request information from TWO other departments that could assist in your investigation. Please specify both the TYPE, and specific CONTENTS of the report you are requesting (Unit 3 types of output)

As a student of Management Information System I, you have been hired as a management intern by MGMT eCash
Inc. You instantly realise you need to do some research, as words and phrases like cryptocurrency, blue ocean,
exchange, ATH, block chain, bitcoin, ethereum etc. mean nothing to you. Your boss soon presents you with some
historical data as well as a dataset dating back from June 2016 to November 2017, on currency trades for a subset
of the more than 2000 cryptocurrencies in existence. MGMT eCash Inc. argues, that if you can analyse this dataset
successfully, then examining the current dataset in detail, will be a breeze. As a new management intern, you are
tasked with analysing the provided information and reporting your findings and possible recommendations at an
upcoming meeting.
Cybercrimes, security breaches, election hacks and advertising blacklisting have been in the news recently
and these are of concern to the company. Recently, there has been much volatility in the market with huge volumes
moving between "fiat" and crypto currencies. Many start-ups, like your employer, have been trying to position
themselves to ride the next wave of expected growth. Your company wishes to be the one leading the pack! This
requires them to anticipate the true demand but also to know which products and likely to fail, but more
importantly they have to decide on the final business model, and safeguard their electronic assets!
Still glowing from the praises for your earlier analysis, you have been given a new enormous responsibility.
You are to assume the role of a functioning manager in the company, and report some findings and possible
recommendations at the upcoming meeting.
Typical Management Roles in the Company
Manager - Software Engineering (Production)
Manager - Recruiter -Remote (HR)
Manager - Market Operations (Marketing)
Manager - Research Science & Analytics (R&D)
Manager - Investment Strategist (Finance)
Manager - Block-chain Product (Production)
Manager - Business Development (Sales)
Manager - Office Administration (Operations)
Manager - Accounting & Finance
Manager - Information Technology
Transcribed Image Text:As a student of Management Information System I, you have been hired as a management intern by MGMT eCash Inc. You instantly realise you need to do some research, as words and phrases like cryptocurrency, blue ocean, exchange, ATH, block chain, bitcoin, ethereum etc. mean nothing to you. Your boss soon presents you with some historical data as well as a dataset dating back from June 2016 to November 2017, on currency trades for a subset of the more than 2000 cryptocurrencies in existence. MGMT eCash Inc. argues, that if you can analyse this dataset successfully, then examining the current dataset in detail, will be a breeze. As a new management intern, you are tasked with analysing the provided information and reporting your findings and possible recommendations at an upcoming meeting. Cybercrimes, security breaches, election hacks and advertising blacklisting have been in the news recently and these are of concern to the company. Recently, there has been much volatility in the market with huge volumes moving between "fiat" and crypto currencies. Many start-ups, like your employer, have been trying to position themselves to ride the next wave of expected growth. Your company wishes to be the one leading the pack! This requires them to anticipate the true demand but also to know which products and likely to fail, but more importantly they have to decide on the final business model, and safeguard their electronic assets! Still glowing from the praises for your earlier analysis, you have been given a new enormous responsibility. You are to assume the role of a functioning manager in the company, and report some findings and possible recommendations at the upcoming meeting. Typical Management Roles in the Company Manager - Software Engineering (Production) Manager - Recruiter -Remote (HR) Manager - Market Operations (Marketing) Manager - Research Science & Analytics (R&D) Manager - Investment Strategist (Finance) Manager - Block-chain Product (Production) Manager - Business Development (Sales) Manager - Office Administration (Operations) Manager - Accounting & Finance Manager - Information Technology
CASE BACKGROUND
In 1983, MGMT eCash Inc. developed a type of cryptographic electronic
currency, ecash, which was later used in 1995, as digicash for cryptographic electronic payments. This early form of
cryptographic electronic payments, led to the conception of Bitcoin, a well-known cryptocurrency. Thereafter, many
forms of cryptocurrencies were developed where you can buy, sell
or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euros. Basically, an
exchange is where buyers and sellers conduct their business.
"Crypto-currencies have the potential to transform fundamental aspects of industry and society and make a
considerable difference to the activities of government bodies and policy-making. They are perhaps the truest form
of digital economy technology that has yet emerged - sitting at the crossroads of technology, economics, social
sciences and business - where cryptography has managed to disrupt our established practices and notions of trust,
identity and value. "
Exchanges come in a few flavours and the company is exploring the following structures:-
Trading Platforms - These are websites that connect buyers and sellers and take a fee from each transaction.
Direct Trading - These platforms offer direct person to person trading where individuals from different
countries can exchange currency. Direct trading exchanges don't have a fixed market price, instead, each seller sets
their own exchange rate.
Brokers - These are websites that anyone can visit to buy cryptocurrencies at a price set by the broker.
Cryptocurrency brokers are similar to foreign exchange dealers.
The company has rented traditional office space in a small building, but expects the world to know it from its
website and online presence in all its various forms e.g. blogs and social media.
Whatever its final form, MGMT aCash Inc. will be a user centric online service, and by positioning itself as the hub in
an emerging infrastructure, hopes to become the de facto exchange for several cryptocurrencies.
Transcribed Image Text:CASE BACKGROUND In 1983, MGMT eCash Inc. developed a type of cryptographic electronic currency, ecash, which was later used in 1995, as digicash for cryptographic electronic payments. This early form of cryptographic electronic payments, led to the conception of Bitcoin, a well-known cryptocurrency. Thereafter, many forms of cryptocurrencies were developed where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euros. Basically, an exchange is where buyers and sellers conduct their business. "Crypto-currencies have the potential to transform fundamental aspects of industry and society and make a considerable difference to the activities of government bodies and policy-making. They are perhaps the truest form of digital economy technology that has yet emerged - sitting at the crossroads of technology, economics, social sciences and business - where cryptography has managed to disrupt our established practices and notions of trust, identity and value. " Exchanges come in a few flavours and the company is exploring the following structures:- Trading Platforms - These are websites that connect buyers and sellers and take a fee from each transaction. Direct Trading - These platforms offer direct person to person trading where individuals from different countries can exchange currency. Direct trading exchanges don't have a fixed market price, instead, each seller sets their own exchange rate. Brokers - These are websites that anyone can visit to buy cryptocurrencies at a price set by the broker. Cryptocurrency brokers are similar to foreign exchange dealers. The company has rented traditional office space in a small building, but expects the world to know it from its website and online presence in all its various forms e.g. blogs and social media. Whatever its final form, MGMT aCash Inc. will be a user centric online service, and by positioning itself as the hub in an emerging infrastructure, hopes to become the de facto exchange for several cryptocurrencies.
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