- Title: Podcast: The Political Butterfly Effect: Did Mr Blobby upend local politics in Lancashire? https://www.bbc.co.uk/sounds/play/m0012scy
- Aim: a reflective activity that makes significant contribution to the attainment of the unit’s learning outcome as well as form part of the MSc examination.
- Objective: To demonstrate understanding of key concepts through practical application.
Background: The questions that form part 2 of this assignment relate to the appraisal of sustainable public commercial ventures, in/formal networks and decision-making. The prerequisite work required of students prior to the final assignment report submission draws heavily on your workbook, case study analysis during tutorial sessions, guided self-study and broad knowledge of the project management book of knowledge covered in semester one. Experience in running a virtual company in teams will be advantageous.
Answer these questions as part of the continuous final assessment for this unit.
Question 1: What is your assessment of the Council’s commercial motivation? (5 marks)
Question 2: Why did the project fail and state three (3) lessons identified? (10 Marks)
Question 3: Drawing on the lessons learned (in Q.2) and your knowledge of social value, what sustainable venture would you prescribe for Morecambe Council and why? (15 Marks)
Sample Solution
The lessons identified from this experience are that proper market research should be done prior to investing in any venture; adequate financial feasibility studies should be completed; competitive analysis should be taken into consideration; and all regulatory requirements must be met if applicable.
Answer 3: A sustainable venture that Morecambe Council can undertake drawing on these lessons is eco-tourism development. Eco-tourism focuses on creating economic benefits while conserving natural resources and protecting cultural identity at the same time. This would involve inviting tourists who are interested in exploring nature-based activities like mountain biking, hiking trails etc., while allowing them access these activities without damaging local ecology or disrupting traditional lifestyles of local people living in rural areas around Morecambe Bay region . It will also help promote greater awareness about sustainability among both locals and visitors alike thus helping preserve natural habitats for future generations as well as encouraging responsible behaviour towards ecological conservation initiatives through public education campaigns or seminars targeted specifically towards tourists visiting for eco-tourism purposes only . As such eco-tourism development has potential health benefits for locals by providing clean air, water sources etc., but most importantly it provides an opportunity for Morecambe council earn revenues from increased tourist numbers while maintaining their commitment towards environmental protection
Sample Solution
The lessons identified from this experience are that proper market research should be done prior to investing in any venture; adequate financial feasibility studies should be completed; competitive analysis should be taken into consideration; and all regulatory requirements must be met if applicable.
Answer 3: A sustainable venture that Morecambe Council can undertake drawing on these lessons is eco-tourism development. Eco-tourism focuses on creating economic benefits while conserving natural resources and protecting cultural identity at the same time. This would involve inviting tourists who are interested in exploring nature-based activities like mountain biking, hiking trails etc., while allowing them access these activities without damaging local ecology or disrupting traditional lifestyles of local people living in rural areas around Morecambe Bay region . It will also help promote greater awareness about sustainability among both locals and visitors alike thus helping preserve natural habitats for future generations as well as encouraging responsible behaviour towards ecological conservation initiatives through public education campaigns or seminars targeted specifically towards tourists visiting for eco-tourism purposes only . As such eco-tourism development has potential health benefits for locals by providing clean air, water sources etc., but most importantly it provides an opportunity for Morecambe council earn revenues from increased tourist numbers while maintaining their commitment towards environmental protection