MBA505: Business Psychology - Mentoring Program Pitch for XYZ Plc

This presentation provides a mentoring program pitch for XYZ Plc, an Australian Stock Exchange-listed media company facing challenges due to a lack of innovation and increased competition. The pitch highlights the importance of mentoring for organizational learning and employee development, especially given the recent recruitment of a significant portion of inexperienced staff. It proposes a selection method for mentor-mentee pairings, potentially using auto-matching based on development needs and expertise. The presentation also includes a budget and time allocation for activities such as hiring a consultant, investing in online mentoring software, and quality control. References to relevant literature on mentoring and coaching are provided. Desklib offers similar solved assignments and study resources for students.

Mentoring and
Business Coaching

Background and Experience
 Two-year experience in designing and implementing the
mentoring programs
 A number of psychologists who have conducted post-graduate
course in clinical psychology
 Diversified knowledge in identifying the mentoring and
knowledge development needs

Importance of Mentoring for
Organization
 Effective method for identifying the learning and the
development of the employees
 One-on-one training
 Skills of the employees is developed through constant
communication

Need of Mentoring in XYZ Plc
 Recently recruited about 50% of its human resources
 People lack experience
 They are not aware of the organization culture

Selection Method for Mentor-
Mentee
 Auto-matching can be used to locate the potential partner in the
mentoring process of the organization
 System finds a match, based on the development needs of the
mentee and the expertise area of the mentor

Budget and Time Allocation
Activities Budget Time
Hiring an outside
Consultant
10,000 $ One month
Investing in online
mentoring software
5,000$ One month
Pairing of mentor-
mentee
2,000$ Three months
Quality control 1,000$ Six months

References
 Laverick, D.M. (2016). Mentoring Processes in Higher Education.
Springer.
 Parsloe, E., & Wray, M.J. (2000). Coaching and Mentoring:
Practical Methods to Improve Learning. Kogan Page Publishers.
 Megginson, D. (2006). Mentoring in Action: A Practical Guide for
Managers
 Kogan Page Series. Kogan Page Publishers.