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Autumn Leaves Aged Care

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by

Nurfilzah mohamed razib

on 26 March 2014

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Transcript of Autumn Leaves Aged Care

Expect the
Unexpected
Rules:

Assign a
leader
within your group.
Your group will be given
3 tasks
and have only
3 minutes
to complete them.
At the end of 3 minutes, your leader will present the 3 tasks!
Expect the Unexpected!
Ced's
Investment Proposal
Expect
the Unexpected:
Game Objective
"Everyone thinks about changing the world, but no one thinks of changing himself."

- Leo Tolstoy
Indian Ocean Developments (IOD)
Indian Ocean Developments (IOD)
Autumn Leaves Aged Care
Inc.

Reputation
for stability
Many years in the business
Highly
conservative
organisation
Investments are usually aligned with IOD's image
Ced Pearce
Staff Profile

Position:
Chief Financial Officer (IOD's Rising Star)
Age:
32 years old
Personality:
Convincing, Enthusiastic
Current Project:
Autumn Leaves Aged Care Inc.
An increment of baby boomers seeking retirement homes
Many of the baby boomers are wealthy and seek to live in high quality accommodation in upmarket areas
Attractive tax concessions offered to prospective developers as the Government was keen to shift responsibility to private sectors
Est. 2006
Future Plans for
Autumn Leaves Aged Care Inc.
Ced was given free rein to establish the
first facility
Autumn Leaves
Aged Care Inc.
Investment Timeline
Before
2006
IOD board members failed to evaluate the risks involved in the new venture
Concerns on lack of industry knowledge were quickly dismissed
After establishment, Ced abandoned his responsibility on staff deployment
Delegated his responsibilities to others
Focused on finding funds to expand the business instead of managing the business
2006
2007
First Autumn Leaves Aged Care facility opened, with 3 more on the drawing board
Resources cost in WA started to increase, building costs are expensive and projects were delayed
Ced realised that the aged care industry was not as profitable
2008
Global Financial Crisis in 2008 struck and banks were reluctant to provide loans
Government reduced the tax concessions
Ced resorted to borrowing funds from a lender
Only one facility completed
The Major Issue
Solution
- The Concept Fan
A way of finding
different approaches
to a problem
Develops
the principle of looking at the problem at a broader perspective
Concept
Fan
1st Circle:
Write the problem you are trying to solve in this circle
Solution 1
Solution 2
Solution 3
Concept
Fan
2nd Circle:
Write the broader definition into this circle
Concept
Fan
3rd Circle:
Write the broader definition into this circle until the core issue is defined and solutions are matched
Solution
Solution
Lack
of
Funds
Sell uncompleted Autumn Leaves' properties
Concept Fan -
Autumn Leaves Aged Care Inc.
Autumn Leaves Aged Care Inc. expanded too fast
Concept Fan -
Autumn Leaves Aged Care Inc.

Mismanagement of Resources
IOD to take control on the financial situation of Autumn Leaves Aged Care Inc. & Ced to prioritize on managing the completed facility
Staff involvement
& proper empowerment
Recommendation
- Strategic Concept Plan

Why is Autumn Leaves
Aged Care Inc. in danger
of collapsing?
Cost of resources increased due
to economic
crises
Mismanagement
of resources, staff
& regulations
Insufficient
Cash Flow
Investors can
rely on IOD
to complete
projects on time
Group Members:
Nurfilzah (32287097)
Lee Jia Xin (32428006)
Chionh Zhi Ling (32440726)
Nur Amalina (32254895)
Task 1
Find out the names of your group members
Create a simple
dance
move!
Task 2
Task 3
Class Activity
To create a Concept Fan to help solve Autumn Leaves Aged Care Inc. problems
Q & A
Session
We can never really know what life throws at us but we can be prepared for it.
LET'S GO!
Using a camera phone, come out with the most creative group photo!
Lack
of funds
To focus attention on the fully completed facility
- Autumn Leaves Aged Care Inc.
Raise the need for proper resource allocation
Diversify Autumn Leaves' propeties
Concept Fan -
Autumn Leaves Aged Care Inc.
Channeling resources effectively
OD practitioner's involvement
Ice Breaker
Relationship with employees
Full transcript