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Assignment on Business Communication Sample

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Added on  2020-06-04

Assignment on Business Communication Sample

   Added on 2020-06-04

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BUSINESS COMMUNICATION
Assignment on Business Communication Sample_1
Table of ContentsINTRODUCTION...........................................................................................................................1SUSTAINABLE APPROACH TO BUSINESS MANAGEMENT................................................1Strategic planning........................................................................................................................1Approach of business..................................................................................................................3Corporate social responsibility challenges..................................................................................5Strategies for operating in ethical and sustainable way..............................................................6CONCLUSION................................................................................................................................7REFLECTION.................................................................................................................................7REFERENCES................................................................................................................................8
Assignment on Business Communication Sample_2
Assignment on Business Communication Sample_3
INTRODUCTIONBusiness communication is the process of sharing information within enterprise or withoutsiders. Most of the successful companies understand that if they will have a sound system ofsharing information then time taken in making any decision will go down and conflicts inorganisation will also reduce (Bovee, Thill and Raina, 2016). This report is based on ThirdWayinteriors. It is a small and medium sized enterprise that provides services related to interiordesigning and building. An important part of this project will also include micro organisation andcorporate businesses. This file will explain strategic planning and different approaches ofbusiness. Challenges regarding CSR will also become part of this assignment. Few strategiesfor following ethics and developing a sustainable business will be studies as well.This report willhave a self-reflection regarding own learnings that will be a significant part of this assignment. SUSTAINABLE APPROACH TO BUSINESS MANAGEMENTManaging a business in this era is really a difficult task. There are various factors liketechnology, globalisation, etc. which are creating hurdles for entrepreneurs especially for SMEs.Besides problems related to earning profit and attaining more market, companies have to cope-up with new kinds of challenges like fulfilling corporate social responsibility. Strategic planningThirdWay is a small firm. They understand that company have many big competitor andacquiring significant amount of market share is crucial for them in order to survive for a longtime (Cardon and Marshall, 2015). Strategic planning is the process of explaining tactics anddeciding strategies relating to allocation of resources. It contains various elements which are asfollows:SWOT analysis – Every organisation has some strengths which give them confidencefor operating in highly competitive business environment. Small and new firm make mistakesbecause of their lack of experiences, like of every company ThirdWay also have too manyweaknesses. Strengths – This company is known for their innovation and creative ideas fromemployees is main reason behind the initial success which they have attained in theirbusiness(Lauring and Klitmøller, 2015). They use latest technology and maintain ahigh level of quality in their work. Weaknesses – ThirdWay does not have much clients, they have limited marketbecause of poor performance and less concentration of marketing activities. Funding is1
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