MGTU 301 Paper #1: Exploring the Application of Artificial Intelligence in Business Management Functions
Length: Paper: 4-5 double-spaced pages (excluding title and references pages)
Due: Week 4 by Sunday Midnight (Assignments folder)
Value: 175 Points
Assignment Description:
In this assignment, you will delve into the world of artificial intelligence (AI) and its applications in the field of business management. You will explore various use cases of AI that have the potential to impact and improve management in the marketplace. This assignment aims to enhance your understanding of AI’s impact on the business landscape and enable you to analyze its benefits and challenges critically. For this paper, you will delve into the diverse ways AI is being employed to enhance decision-making, optimize processes, and streamline operations across various management disciplines. The goal is to explore the current state of AI in business management and identify potential future applications. Follow these directions to craft a comprehensive and well-structured research paper.
Paper Guidelines
Prepare and submit 4-5 page paper- double-spaced, 12-sized font. A well-constructed paper will reference 3 or more scholarly sources, including at least one journal article, and will adhere to strict APA standards.
Structure:
Step 1: Define your Objective
- Clearly define the scope of your research, outlining the specific management functions you will be focusing on (e.g., planning, organizing, leading, and controlling). Explain the objectives of your paper and the significance of studying AI in the context of business management.
- Gather resources: familiarize and create a comprehensive list of research and developments in the field of AI and business management. Summarize the key findings, identifying trends, challenges, and opportunities.
Step 2: Write your Paper (Structure):
- Introduction: Clearly define the scope of your research, outlining the specific management functions you will be focusing on (e.g., planning, organizing, leading, and controlling). Explain the objectives of your paper and the significance of studying AI in the context of business management. Includes a thesis statement.
- Analysis: (Body of the essay. Should have three main points…examples below)
- (example) AI and Planning:
- Explore how AI is transforming the planning process in business management.
- Investigate AI-driven predictive analysis, scenario planning, and demand forecasting tools.
- Discuss case studies and real-world examples that demonstrate the effectiveness of AI in strategic planning.
- (example) AI and Organizing:
- Examine how AI is used to optimize organizational structures, resource allocation, and workflow management.
- Look into AI-powered recommendation systems for task assignment and resource utilization.
- Analyze the impact of AI on employee collaboration and communication.
- (example) AI and Leading:
- Investigate the role of AI in leadership development, employee engagement, and talent management.
- Discuss the use of AI in conducting performance evaluations and providing personalized coaching.
- Evaluate the ethical implications of AI in leadership decision-making.
- (example) AI and Controlling:
- Explore how AI is revolutionizing the controlling function by enabling real-time data analysis, fraud detection, and risk assessment.
- Discuss the integration of AI with financial management and auditing processes.
- Highlight the potential cost savings and efficiency improvements achieved through AI adoption.
- Case Study and Example:
- Include a relevant case study or real-world example of a business that has successfully implemented AI in the management functions. Analyze their strategies, outcomes, and lessons learned.
- Challenges and limitations: Address the challenges and limitations associated with AI implementation in business management. Consider factors such as data privacy, bias, trust, and AI’s dependency on accurate data.
- Conclusion:
- Summarize the key findings of your research, emphasizing the transformative potential of AI in enhancing business management functions. Provide insights into the implications and importance of continued research in this domain.
- Reference Page:
- Compile a comprehensive list of all the sources you cited throughout the paper. Use proper citation style (e.g., APA, MLA) to ensure accuracy and credibility.
Remember to back your findings with solid evidence and data, and use a structured and coherent writing style to ensure clarity and readability.
Evaluation Criteria: Grading Rubric
|
Criteria |
Exemplary |
Proficient |
Developing |
Emerging |
Incomplete |
|
Introduction |
20 Clearly defined scope and specific management functions to be addressed and included an excellent thesis statement. Well-articulated objectives with clear relevance to the topic.
|
18 Defined scope and specific management functions to be addressed and included a thesis statement. Well-articulated with clear relevance to the topic. |
16 Somewhat included a defined scope and specific management functions to be addressed and included a thesis statement. Well-articulated objectives with clear relevance to the topic. |
14 Limited if any inclusion of a defined scope and specific management functions to be addressed and included a thesis statement. Well-articulated objectives with clear relevance to the topic. |
0 Failed to complete the assignment according to guidelines. |
|
Analysis |
35 Provided a thorough analysis of AI’s impact on one of the specified management functions. Provides a thorough analysis of how AI has specifically impacted and is going to impact the management function.
|
31 Analyzed AI’s impact on one of the specified management functions. Provides a thorough analysis of how AI has specifically impacted and is going to impact the management function. |
28 Somewhat analyzed AI’s impact on one of the specified management functions. Provides a thorough analysis of how AI has specifically impacted and is going to impact the management function. |
25 Limited analyzation of of AI’s impact on one of the specified management functions. Provides a thorough analysis of how AI has specifically impacted and is going to impact the management function. |
0 Failed to complete assignment according to guidelines. |
|
Case Study |
35 Included a relevant case study or real-world example of a business that has successfully implemented AI in their management functions. Analyzed the strategies, outcomes, and with lessons learned. Addressed the challenges and limitations associated with AI implementation in business management. |
31 Included a case study or real-world example of a business that has and successfully implemented AI in the management functions. Analyzed their strategies, outcomes, and lessons learned. Addressed the challenges and limitations associated with AI implementation in business management. |
28 Included a somewhat thorough case study or real-world example of a business that has successfully implemented AI in the management functions. Somewhat analyzed their strategies, outcomes, and lessons learned. Addressed the challenges and limitations associated with AI implementation in business management. |
25 Limited if any relevant case study or the real-world example included. Analyzed their strategies, outcomes, and lessons learned. Limited analysis of the challenges and limitations associated with AI implementation in business management. |
0 Failed to complete assignment according to guidelines. |
|
Conclusion |
35 Summarized the key findings, emphasizing the transformative potential of AI in enhancing business management functions. Provided insights into the implications and importance of continued research in this domain. |
31 Summarized the key findings, emphasizing the transformative potential of AI in enhancing business management functions. Provided insights into the implications and importance of continued research in this domain. |
28 Somewhat summarized the key findings, emphasizing the transformative potential of AI in enhancing business management functions. Provided insights into the implications and importance of continued research in this domain. |
25 Limited summarization of the key findings, emphasizing the transformative potential of AI in enhancing business management functions. Limited insights given into the implications and importance of continued research in this domain. |
|
|
APA and Sources |
30 Cites 3 or more scholarly sources including 1 journal articles. Accurately uses headers and adhere to APA standards; reference page and citations are correct. All sources listed in References are cited in paper.
|
27 Cites 2 scholarly sources including 1 journal articles. . Uses headers and adheres to APA standards; reference page and citations are correct with minor (1-3) errors. All sources listed in References are cited in paper.
|
24 Cites 1 scholarly sources including 0 journal article. May use headers and somewhat adheres to APA standards; the work of others is cited but with numerous (4 – 10) errors. Sources listed in References and citations may not match. |
21 Cites 1-0 scholarly sources. Limited adherence to APA standards in the paper and Reference page; work of others may be cited but with multiple (11+) errors. Sources listed in References and citations do not match. |
0 Failed to complete assignment according to guidelines. |
|
Writing Mechanics |
20 The paper is logical and well-written; spelling, grammar and punctuation are accurate. Paper is the required length of 3-4 pages of content, and includes correctly prepared title page. |
18 The paper is logical and well-written but with minor (1 – 3) errors in spelling, grammar and/or punctuation. The content may be 5% too long or short; includes a correctly prepared title page. |
16 The paper is somewhat logical and well-written but with several (4 – 10) errors in spelling, grammar and/or punctuation. The content may be 10% too long or short, and may not include a correctly prepared title page |
14 The paper lacks clarity and may be confusing with numerous (11+) errors in spelling, grammar and/or punctuation. The content may be 15% too long or short, and may not include a title page. |
0 Failed to complete assignment according to guidelines. |