Business and Academic Skills: Challenges and Reflections

This presentation discusses the current challenges facing businesses in the UK, particularly due to the impact of Covid-19. It also reflects on the importance of business and academic skills, highlighting the difficulties faced in decision making and communication. The presentation concludes with a summary of the key points and references for further reading.

Business and Academic
Skills.

Table of Content
 INTRODUCTION
 Current challenges facing business in UK.
 Reflection towards knowledge and skills along with highlight difficulties.
 Conclusion
 References.

INTRODUCTION
Business and Academic skills which is collection of
study material as well as habits, learning strategies
and having better time management tools that to learn
hat create better lessons. The relation of business in
academic study is to learning about different ways of
practises through to getting positive outcomes.

Current challenges facing business in UK.
On the basis of current year in 2020-2021 many business of United
kingdom and other international country are faces devasted loss of
growth through the impact of Covid-19. In this retail, hospitality,
tourism and other industries of business get involved through into
different perspective. Due to covid-19 companies of UK based like
Tesco, Marks and Spencer, Red Carnation hotel etc, these companies
faces huge lack of productivity as because there is lack of people
interaction as well as strict government guidelines such as lockdown
which makes to shut down business.

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 Staffing: Through with the economy future which will uncertain many business are reviving their staffing
arrangement for better remainder towards year. It seems likely to having government’s coronavirus job
retention scheme will not properly completed Some organisation are already engaging with world that beyond
to better manage their staffing cost during this period including staff on four days making reduencies. In
context of Tesco are very determined and holding onto their staff. However a better finance leader working in
professional services said that firm’s have their own priority way to project jobs and it had handle through
better scheme provide to them.
 Health and Safety: While the remote working is has generally been a success as many employees are
enthusiastic about to returning office. Meanwhile, business are planning for how they can safely reopen
offices by sanitising to all workplace.

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 Revenue: As per in general business are having different aspect in which their
revenues is getting flows into negative side through Covid-19 crises within next
couple of years and quarters. While the revenue is generated that is having better
slow down on payments. For example: Tesco and other retail companies were faced
lack of profitability even though, hospitality venture of UK constantly facing losses
through which it makes not making proper establishment within workplace.
 Audits: This is concern for business in many sector since issues which are likely to
arise this year which would not occurs normally. During the crises business which
might have over hidden as their normal process and procedure in order to take quick
actions . On the basis of result, items may have been ordered without better purchase
order. The main role is for finance department that to maintain all major transactions.

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 Proper planning: This is majorly provide uncertainty for business that provide plan is such as unpredictable
environment. Never less, consumer demand appears to be returning which could provide economic recovery
within autumn and result in reasonable Christmas period. As this Covid crises were prevent incidentally that
would enhance different sort of working waste economic stages. Business are not expecting a return or more
normal working and traditional conditions which until September which is earliest planning provide major
guidance and ideally a timeline that creates outline sector by sector. As it properly require practical support as
on how they can make their workplace safe. The specially for the existing employees and employees within
underlying better health condition who are at high risk trends and also suffering through complication of
Covid-19.

Reflection towards knowledge and skills along with
highlight difficulties
 On the basis of above learning about different sort of challenges
which prevails difficulties in my learning and knowledge and skills.
At the time of conducting effective sort of information is generating
through my side I explore different sort of change which might can
occurs. I have learned about importance of business for establishing
and it provide certain mission and goals which need to fulfil in
professional career enhancement. I have focused on my skills which
is my strength and weakness too. Although my overall analysation
regarding my academic skills or others I have get to know that I am
very confident and adaptability skills along with my negative skills
and knowledge was lack of decision making skills that needed to
improve. Because decision making skills plays an important role in
professional skills and establishing business.

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As some of the challenges have faces during channelising my skills in decision making as well as communication skills:
 Bound rationality: It is the most challenging concept which is driven issues on whwich leader could not grasps. As
this I have face through on which I was unable to rationalise o incapable of different level of understanding. As what
I believe it create incorrect decision which being made on the basis of information that sharing together.
 Escalation of Commitment: On this it refers as idea on better tough decision even more difficult to live with that
which is not having United Kingdom.. I get learn that leader perspective it is to them very hard for not taking proper
decision. During modern learning organisation and creating mistakes but there are some tools which help to develop
on various learner skills to getting overcome from past experiences. I agree that some of decision which I made was
totally wrong, but there is possibility to make that develop changes.

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Challenges in communication skills
 As the communication moves within one direction where it is quickly become ineffective. As there is
importance of feedback within different level and it determine how it plays an important in personal as well as
professional life. Somehow I faced many challenges in learning effective communication skills:
 Lack of Feedback: Due to not getting proper feedback from mentor or experts I was in hidden guidance that
how I can improve my communication because I sometime I also not aware how I am communicating in public
place. As feedback plays an important role where it provide authentic result which I get to know about actual
figure to notice improve my decision making skills as well as communication skills.

Conclusion
As from above report is summarised about Business and Academic skills which need to analyse
about different challenging happen in United Kingdom as well as their company faces. The only
current issues is generating Covid -19 that occurs high rate of challenges which needed to overcome
in better manner. Apart from it own reflection on those area knowledge and skills where different
challenges went faces to overcome it successfully.

References
 Del Bosco, B., Chierici, R. and Mazzucchelli, A., 2019. Fostering entrepreneurship: an innovative business model to link innovation
and new venture creation. Review of Managerial Science. 13(3). pp.561-574.
 Fleaca, E. and Stanciu, R.D., 2019. Digital-age learning and business engineering education–a pilot study on students’ E-skills.
Procedia Manufacturing, 32, pp.1051-1057.
 Gallardo, A.U., 2020, January. Significance of high human skills in the success of an organization. In 17th International Symposium
on Management (INSYMA 2020) (pp. 494-499). Atlantis Press.
 Green, A.E., Sissons, P., Broughton, K. and Qamar, A., 2021. Public policy for addressing the low-skills low-wage trap: insights from
business case studies in the Birmingham city-region, UK. Regional Studies. 55(2). pp.333-344.
 Hoadley, S. and Baumann, C., 2020. Developing sustainability discourse skills for business. In Industry and Higher Education (pp.
291-314). Springer, Singapore.
 Jabbarova, A., 2020. THE IMPORTANCE OF SKILLS IN TEACHING FOREIGN LANGUAGES. Архив Научных Публикаций
JSPI.
 McManus, L. and Rook, L., 2021. Mixed views in the academy: academic and student perspectives about the utility of developing
work-ready skills through WIL. Studies in Higher Education. 46(2). pp.270-284.