Task - Research Project
You and a group of investors are interested in setting up a chain of aged care homes in a number of Local Government Areas in Australia. In order to do this successfully you need to ensure that the regions you choose will support your business over the next 10 years. Your minimum criteria are:
- enough adults who are likely to need aged care
- these adults have the funds to pay for aged care (how you identify that is up to you but you need to document this criteria)
These are the minimum criteria - you should identify some more that you can use in this business decision.
Your task is to prepare a report to be presented to your co-investors which identifies two (2) Local Government Areas in Australia which meet your criteria. Your report should demonstrate how these Local Government Areas meet the minimum criteria above and additional criteria which you have identified. You should also identify additional statistical information that is required before a final decision is made to start building the first aged care Centre.
Your report should be professionally presented and contain appropriate references. 2 local areas SHOULD be suburbs in Australia Sydney like Strathfield, Parramatta, etc. Any suburb or areas which you like with proper analysis and data to support it.
INFORMATION SHOULD BE FROM THE AUSTRALIAN GOVT. WEBSITE.
REFERENCES SHOULD BE PROPER AND PRESENTED IN A PROFESSIONAL MANNER.
Presentation - Written Report
The report should follow a standard business report format. Please see the Faculty of Business Writing Skills at (https://bit.ly/FoBAcademic-Writing-Skills) as this will help you with the format.
Word limit 850 not including tables and graphs.
Rationale - This assessment item asesses the following subject learning outcomes:
- be able to demonstrate problem-solving skills in assessing, organising, summarising and interpreting relevant data for decision making purposes;
- be able to apply decision theory to business situations;
- be able to apply probability concepts to decision making.