Business Administration's Role Assignment
Added on 2021-01-01
12 Pages4125 Words92 Views
Business Administration
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11.1 Use of various techniques to solve problem..........................................................................11.2 Organisational and legal constraints.....................................................................................21.3 Role of stakeholders in problem-solving...............................................................................21.4 Steps in decision-making process..........................................................................................31.5 Recommendations and implementing decisions to solve business problems........................32.1 Continous improvement with the purpose and benefits.........................................................42.2 Models or techniques of continuous improvement................................................................42.3 Importance of feedback from customer and stakeholder.......................................................53.1 Nature, likely cause and implications of a problem...............................................................53.2 Scope and scale of a problem.................................................................................................53.3 Courses of action that can be taken in response to a problem...............................................63.4 Evidence to justify the approach to problem solving.............................................................63.5 Plan and success criteria that are appropriate to the nature and scale of a problem.............73.6 Obtain approval to implement solution to a problem............................................................73.7 Action to resolve or mitigate a problem................................................................................83.8 Evaluation of the degree of success and scale of implications of a solved problems............84.1 Identify the nature, scope and scale of possible contributions to continuous improvementactivities.......................................................................................................................................84. 2 Measure changes achieved against baseline data..................................................................94. 3 Calculate performance measures relating to cost, quality and data......................................94 .4 Justify the case for adopting improvements identify with evidence.....................................94. 5 Develop standard operating procedures and resources plans that are capable ofimplementing agreed changed...................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness administration is defined as the process of managing and controlling differentproject executed in a company. It includes all attribute of perception and supervision of variousbusiness activities that includes marketing, accounting and finance (Hakansson, 2015). Ingeneral, the administration of business involves the performance of operation and includesdecision making process. It also includes the effective and efficient use of people and availableresources so that they are directed towards the achievement of predefined goals. Organising,staffing, planning, directing, controlling and budgeting are the six basic steps of managingbusiness. In this report, different problem-solving methods, share-holders importance to solveproblem, decision making process, scale and scope of problem, steps to solve problem andfeedback importance are discussed. Report also cover legal constraints in problem-solving,conclusion and recommendations with the help of effective decision-making. MAIN BODY1.1 Use of various techniques to solve problem.In present era, there are number of problem that are faced by each organisation that mayimpact the performance and reduces the productivity. So, the main focus of manager is to reducethe problem of company. There are respective problem solving techniques that are used toovercome the organisational issues and serious concern. Problem have vast impact on businessoperation so, they need to be solved as soon as possible. Some of the basic problem solvingmethods are discussed below: Analysing the risk factors: This approach of problem-solving is related to analysing thereason of potential risk that may effect the business activities. So this tool is implement tomanage the risk that support to run business activities in proper manner. Managementmust have the vast information about the tool to to reduce risk (Ismail, 2013). Abstraction: With the support of this technique, management of an organisation are ableto cop up with various issues faced at a particular time frame. This help in decreasing thechances of risk as manager of company measure the effect of each plans to deal withproblem.
1.2 Organisational and legal constraints.Organisational constraintSize: The size of organisation plays an important role in problem-solving, as largeorganisation requires more time and skill set to resolve the problem. Interdependence: In companies, all department are interlinked with each other. So whenone section faces problem then it will effect the entire organisation performance as well(Neumann, Schwindt and Kobe, 2012).Legal Constraint:Policies and process: In an organisation, all staff member have to perform their dutiesaccording to the polices and process followed. Then it will be beneficial to resolveproblem according to the procedures.Specific Regulation: In order to cop with uncertainties and different issues, there is aneed of specific set of laws such as, contract and employment law, licensing etc. Somanager have to consider legal constraint to solve problem. 1.3 Role of stakeholders in problem-solving.Stakeholder are known as the external parties that have interest in company business. Somanagement of company must include stakeholder in their decision-making process and involvethem in making effective decision to overcome problems. Stakeholder take part in differentprocess of company such as decision making, planning and making activities in most effectivemanner. So stakeholder like investor, shareholder,customer etc. formulate effective andappropriate decision with the concern of management of company. Thus their decision havepositive impact on business operation and support to attain the predefined goals. Moreover, themain role of stakeholder is to provide new and innovative ideas to internal manager of companythat support to develop strategies to improve the profit of company and offer more rate of intereston investment. So company will be helpful in improving the overall performance and attaininggood market share (Zincirkiran and Tiftik, 2014). 1.4 Steps in decision-making process.Determine the problem: The first step is related to identifying the risk or reason ofproblem that may decrease the performance, productivity and profitability of company.This should be done as soon as possible otherwise problem will have more impact oncompanies operation.
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