August 14, 2014 at 11:23 pm
I am a little disheartened as I am halfway through my project and think I have done this wrong,
I have picked topic 3: assessment of the potential impact of an aspect of impending legislation on the operations and financial position of a business.
I have decided to use the PEST, porters 5 forces and SWOT analysis models.
My logic was to look at the business from different perspectives using these models and by doing that assess what impact the legislation may have on the different elements of the business (example: political, environmental, social etc).
However I think I cannot do it like this because as the rap states in Part 2 then part 3. I have to gather data then apply the models to the data.
the way I am doing it I will use the models to gather data. Is this approach accepted?
Has anyone else done topic 3 and what models have you used?
any help is appreciated.
Best wishesAugust 15, 2014 at 10:34 am
@wlliams1977 That approach shouldn’t be a problem: you outline the theory of the models in Part 2 and then apply them in Part 3 to the organisation.
Your biggest hurdle with this topic is not to end up just describing what the potential impact is. Somewhere you must do some form of assessment and demonstrate original analysis to pass the all important Evaluation, Analysis & Conclusions section (This need to evaluate applies to every topic).
So say it has been estimated that having to comply with the legislation meant that an additional process had to be incorporated by the company you could show how that might impact on profits for the next few years or say it was something that improved safety or reduced risk you could assess whether it may mean more sales (i.e. perform some sort of cost benefit analysis) or contribute to health improvements or reduce financial losses to the public (e.g consumer protection). Sometimes the change in legislation might even mean a radical overhaul so the more analysis of the effects of this you can do the better.August 15, 2014 at 9:27 pm
Thank you so much for the help trephena
I will ensure to include something to satisfy the evaluation partJune 24, 2015 at 12:14 pm
I would be very grateful if you could clarify the following for me
1) Can I use legislature in Sri Lanka
2)Can i Use historic data from companies past performances to validate my opinion
3) Is it considered to be a good topic?June 24, 2015 at 3:07 pm
2) Yes but only for comparative purposes
Topic 3’s full title is:
“An assessment of the potential impact of an aspect of impending legislation
on the operations and financial position of an organisation”
This means that essentially you are projecting forward assessing how the change is going to affect the company financially and strategically. In other words you need to look at whether the legislation requirements are likely to restrict the demand for the product (or possibly increase it if means better safety etc) and how much the implementation is likely to cost both in product development, staff training, marketing etc.
3) How long is a piece of string? I think a good topic is one that interests you and for which there is an availability of information.
Note: with some topics there is a tendency to describe what has gone on and not bring in original analysis (these often are failed as p.22 of the Info Pack states: ” if you just report what you find you will not pass the RAP”) – in other words you have to do something with the data not just state it . However with this topic there is plenty of scope (provided you have reliable information) to do a good financial evaluation (forecast Income statements at various sensitivity / probability levels) and base your final conclusions and recommendations on those.June 24, 2015 at 3:14 pm
What if I look at a peice of legislature implemented in Sri Lanka which adversely affected a companies bottom line.
And then discuss what effects it would have on financial performance of a company in UK with similar product ptotofolio.
Would that be valid.June 24, 2015 at 6:16 pm
@Raveen – I doubt that would be acceptable as it is far too hypothetical. You need to stick to a company in the country in which the legislation is applicable and as I say look at the various potential scenarios implicated by that legislation as that is what the title implies.June 24, 2015 at 7:29 pm
Thanks for the speedy replies.
I think i might have to re think my plan.January 14, 2017 at 3:35 pm
I am wondering if you could provide some guidance. I have found impending legislation that is relevant to the industry I work in and that interests me. However I plan to submit my project in May 2017 so the deadline for submission would be the 17th May 2017 but the impending legislation comes into force on the 1st April 2017 so would have been enforced by the time I submit the project and therefore would no longer be “impending”.
I am assuming this would not be an acceptable choice as the project title states the potential impact of impending legislation but some of the actual impact of the change would have already been seen.
Thank you in advance for any help.January 15, 2017 at 12:48 am
That is as good as ‘impending'”. If you read the RAP rules the Uni assumes a RAP takes 3 months and therefore for example with Topic 8 they do not insist on use of financial statements that were published in the last 90 days.
It will still be too early in May to see what the full impacts of the new legislation introduced in April are so in that sense it is impending (and even for P35 it still wouldn’t be a full year – just six full months). So no problem at all.
So chill baby, chill! You will be fine on this one 😀
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