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Business Administration : Assignment Solution

Added on - 12 Nov 2020

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BUSINESSADMINISTRATION 2
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11.1 Compare sources of information...........................................................................................11.2 Identify trends and developments.........................................................................................11.3 Current and future personal and professional development needs........................................22.1 Benefits of personal and professional development..............................................................22.2 Selection of types of development actions............................................................................32.3 Current and future skills, knowledge and experience...........................................................32.4 Personal and professional development plan........................................................................42.5 Plan within agreed budget and timescale..............................................................................52.6 Advantage of development opportunities.............................................................................83.1 Setting SMART objectives...................................................................................................93.2 Feedback on performance from valid resources.................................................................103.3 Review progress towards personal and professional objectives.........................................103.4 Amend the personal and professional development plan....................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness administration refers to overall management of business by applying moreeffective as well as efficient strategies for welfare of the same. It involves different kinds ofpolicies, rules, practices and techniques which are appropriate to conduct operations in order toattain desired goals of organisation (Caras and Sandu, 2014). Moreover, it includes all aspects ofoverseeing and supervising business operations along with relevant areas such as accounting,production, finance, human resource, research & development, marketing etc. The present reportwill focus on sources of information with required skills or knowledge which is essential fordevelopment in terms of achieving objectives successfully. It will also discuss about plan withinagreed budget and timescale through setting smart objectives.MAIN BODY1.1 Compare sources of informationThe sources of information relevant to professional development trends include severalfactors which are helpful to increase efficiencies for improving productivity. It includeeducational sites from internet source and learning programmes including certain courses whichhelp to boost up skills. At the other hand, internet sources are helpful to provide knowledgeabout every aspect of working whereas courses are for specific single ability to make individualperfect in that field.1.2 Identify trends and developmentsThere are different types of of market trends which influence needs of customers andoperations of organisation are responsible for influencing requirement of professionaldevelopment (Knott and Scragg, 2016). It include changing fashion of products and use ofadvanced technology through software or applications. However, effective technology providesupport to carrying out various operational activities in proper manner through achieving betteroutcomes. Introduction of advanced technology and improved trend of products motivateorganisations to develop their level for improving image of brand in market.The implementation of new technology is required to increase knowledge or skills ofemployees by training so that they can operate the same properly to gain maximumoutcome.1
Changing fashion of products encourage to improve efficiency of workers in terms ofincreasing their capability to fulfil demands of clients more effectively.1.3 Current and future personal and professional development needsThe current and future trends required to increase efficiencies in order to fulfil demandsof people to achieve growth of business (Moon, 2014). It includes the criteria of boost uppersonal and professional efficiencies for completing requirements of people for maintainingbetter profits share in market.BasisCurrent development needsFuture development needsRoleAn individual is required to improvetheir skills to fulfil their rolesappropriately and it is beneficial ortheir personal as well as professionaldevelopment.Future trends generate newrequirements or people to gainknowledge about advanced technologywhich is profitable for businessconcern and personal career growth ofthem.TeamPresent skills of working together ishelpful to cooperate with team andbeneficial to improve personal andprofessional growth in career(Megginson and Whitaker, 2017).Future development needs include toboost up effectiveness of knowledge towork in team putting efforts forcompleting whole task to gain betteroutcomes.OrganisationThe current efficiency of anorganisation is to maintain previousdata which is helpful to gaininformation about business needs oremployee's personal information forspecific requirement.The future development needs are toestablish effective communicationsystem in organisation which ishelpful in achieving professional goalsalong with conveying personalinformation to higher authority fortaking desired advantage.2.1 Benefits of personal and professional developmentThere are various kinds of benefits of personal and professional development for anindividual which provide them opportunities for their future and increase their compensation aswell. Some of these profits are explained further -2
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