Foundations of Business Management (BBS013-1) (Distinction Criteria)

This report discusses the problems faced by a firm and suggests business alternatives to resolve them. It also includes personal reflection on weekly modules. The firm faces problems of communication difficulty, withdrawal of goods, and inexperienced employees. Business alternatives discussed are do nothing, do the less we can, and perform something else. The report also includes a cost analysis and timescale. Course code: BBS013-1

of Business
Management (BBS013-
1) ( Distinction
Criteria))

EXECUTIVE SUMMARY
In this report it explain that in a firm, leader require to help with the planning of multiple
events, contracts analysing and setting up with the rewards to manage individual employee with
the better productivity. Creation of original organisation has approx one hundred people of
personal goods comprising with the exfoliate scrubs, monitors of blood pressure, hair clippers
and many more. It deals with the problems of less sales, goods withdrawn, complaints of
consumer for the better and damage goods, more returns and failure of products.
Also in this case study, it is determined that the key problems deal by the firm are inexperienced
employee, conveying difficulty and withdrawn of good. Bigger options of company are having
no alternative, perform less we can and perform something else. This assessment also include
individual reflection about the weekly modules and action strategy.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................4
PART 1............................................................................................................................................4
Reasons.......................................................................................................................................4
Options of business.....................................................................................................................5
Expected advantages...................................................................................................................6
Expected Dis-advantages............................................................................................................7
Timescale ...................................................................................................................................7
Costs............................................................................................................................................8
CONCLUSION................................................................................................................................8
PART 2............................................................................................................................................8
Personal Reflection.....................................................................................................................8
REFERENCES .............................................................................................................................12

INTRODUCTION
Management of business defined about the synergy also the activities of firm of a
business venture. It is the duty of business supervisor to keep watch on the projects as well as to
help the manpower to attain the level of efficiency (Beliatis and et.al., 2018). The main objective
of the assessment is to address the problems around come back of the good art the firm. For this
assessment it deliberate the firm is actual creation of markets and a range of actual goods with
the assistance of direct brochure of mail also with the internet. They always looks for fresh good
thoughts as nature to maintain sales moving is novelty and interest.
The assessment is created in two forms, In part 1 it underline the causes to perform the
assessment, individual business alternatives, anticipated advantages, anticipated dis –
advantages, expenses and timescale which will be occurred over the composition of better
timescale. Apart from this in part 2 is individual self reflection which depends upon the
experience of learning.
PART 1
Reasons
The firm original creations is artistic business that do not produce their self goods apart
from this they delivers some rough thought to another firms and measure protypes. Also with the
good satisfaction from another firms, it bargains the agreement on the price, superiority, time
delivery and volume basis. The firm creates the use of broad changed of producers in the country
UK and abroad (Cosenz, Rodrigues and Rosati, 2020). There is one of the main reason to
perform this assessment is to resolve the business issue of communication difficulty mainly deal
by the original creations as the firm faces problem in conveying with multiple of their abroad
producers because of the cultural dissimilarity and language problems.
The other problem face by the original creations is the withdraw of good because of less
sales than anticipated, holder of boxes of good, like a toenail clipper in storehouse, not being
sold and including high gap. Other cause of this good withdrawal deal by the firm is return of
good by consumers as consumers' superiority and usefulness of less good complaint, servings
damage and more returns (Venkatesh, Mathew and Singhal, 2019).

Non- expertised employees: It is also a business problem that human resource growth of
original creation is dealing in the place of work. It has been measured that the firm has
significantly new and non-experienced workers who have a high amount of duties which creates
pressure on them for achieving targets and objectives.
Options of business
Options of business are explained to options that assists supervisors of firm to meet
identified objectives. In the firm original creations, the founder of Mary Shelley can utilize
multiple business alternatives for the measurement of conditions to resolve related problems
(Festa and et.al., 2018). The alternatives of business are very important for the organization if
they guide supervisors to allot relative value to tasks, tasks of assessments. With potential
alternative, portable activities could be important by the supervisors for the objective of earning
productive in business world. In reference to the Original creations, some of the company
alternatives which have been deliberated by the proprietor are discussed below:
Do nothing alternative: In this option it could be utilized when the strategic plan exercise
supports to a decision for executing nothing (Torres‐Ruiz, Vega‐Zamora and Parras‐Rosa, 2018).
Proprietors of company and supervisors always desire to jump in, resolve the present problems
and arrange things, nevertheless, at duration, being activity- adjusted performances in unplanned
situations. For the firm original creations, do nothing alternative could be utilized so the business
can run continuously in regular practices. Along with this alternatives, supervisors and
proprietors of the firm supports to the range of schemes for the different time steps. For example,
to resolve the problems of business supervisors and proprietors of original creation can't do
nothing for continuously functioning as per the time duration.
Do the less we can: Along with this business alternative, supervisors create less require
variations in its tasks and operations to resolve pertaining problems (Hoque and et.al., 2018). In
this report, when supervisors of original creations will implement the alternative, they need
powerful beginning point. Functioning with performing less the firm can, supervisors necessary
the short stage of planning future together with intellection which can become together the
business purposes, without blinding for the actual market aims. For example: supervisor of
Original creations through perform the less we can alternative, do with achievable techniques to
resolve the problems promptly.

Perform something else: Also with this alternative, business supervisors are capable top
create big variations in activities, plans and operations for doing the business tasks (Kariv,
Cisneros and Ibanescu, 2019). In the business Original creations, use of perform something other
alternative will vary from the available practices of firm. For example, supervisors of Original
creations can create big variations in the management of human resource workers, planning of
marketing and manner to resolve complaints of consumers about the good.
For the firm original creations , it has been suggested to utilize perform something
another as company alternatives so to confront needed actions with the goal of resolving
pertaining business problems. The company alternative will provide the firm better worth for
money as it advantages the set up to perform something other against present functioning. It is
measured that weighed score-card theory gives appropriate along with the framework procedure
to supervisors for creating chosen of alternatives as per various schemes(Sun and Sainsbury,
2022). By utilizing this theory, supervisors are capable to create decision about multiple
important components that give advantages of resolving firms problems. The above mentioned
application of weighed score-card theory for business alternatives present with proprietors of
Original creations:
Particulars Cost Risks Effort Time
Weights 0.2 0.4 0.3 0.1
Option 1 3 * 0.2 = 0.6 0.4 * 2 = 0.8 0.3 * 6 = 1.8 0.1 * 5 = 0.5
Option 2 2 * .20 = 0.4 0.4 * 3 = 1.2 0.3 * 4 = 1.2 0.1 * 4 = 0.4
Option 3 4 * .20 = 0.8 0.4 * 5 = 2.0 0.3 * 5 = 1.5 0.1 * 3 = 0.3
Expected advantages
Advantages of anticipated “Do something another” business alternatives for the firm
Original creations:
Improvised the collection of data: The present scheme in the firm Original creations is
that the proprietors are autonomous on third party organizations to gather the data of consumers
which deficits the appropriate study of market (Kasemsap, 2018). The variations in digital and
technological outbreak has permitted the firm to improvise its data gathering techniques of their

consumers. This advantages in handling and protecting the self owned information which is free
from the threat of stealing by another firms.
Raised resource administration: one of the purpose of the proprietors of Original
creations is to evaluate the performance of their resource administration. In respect to organize
the business very successfully, the proprietors also keep a better relation with their manufacturer.
The superiority of goods can be maximise by using regular improvement in plan (Nicholls-Nixon
and et.al., 2021). The virtual restructuring in original creations has provided help in handling the
complaints as it becomes reviews which supports to giving the good services on the basis of their
needs.
Expected Dis-advantages
The below mentioned are some anticipated dis-advantages of perform something
another” business tasks for original creations:
Complications: The owner of the firm Original creations were autonomous on another
parties before the most digital tasks, thus it is not easier for the organization to adapt digital
restructuring and good changes (Orel and Kubátová, 2019). It is very hard process where a
professional is requires to manage the changes and face the type of divergence in the variations.
Privacy problems: Along with the technological progression, the threat of virus
attacking the firm's information has also maximised. With no relevant quantity of coding and
security in the firm Original creations of informative database, the proprietors always deal with
the risk of cheating or stealing the database.
Timescale
The time span of the firm supervisors take to fulfil a several activity is called as timescale
(Sampaio, Hernández-Mogollón and Rodrigues, 2018). The Timescale of activity is the optical
chart of actions undertaken by the company supervisors to analysis all the tasks functioned from
the starting of the assessment to its completion. The firm original creations supervisors should
express the activities which requires to be performed with its roles and expiration date (Pang and
et.al., 2019). This assists the firm to raise efficiency of its manpower and assessment all the
endeavours in the similar way. The time space among the completion of the assessment and its
visual performances is called as timescale of recognition. The supervisors of Original creations
can fix a set limit of five months in case if it desires to create any clauses in their plans or to
increase tasks of market.

Costs
The termed cost is the value of monetary based to the expenses for distributor, tools,
labour, services and related elements that are mainly purchased to make use in business (Salvado
and et.al., 2021). In appropriation to Original creations, two expenses that are occurred by the
firm are assessment expenditures also an continuing tasks and cost of maintenance. Informations
of costs for the Original creations are given below:
Particulars Amount
Cost incurred in technology £60
Project cost £138
Training and development expenses £150
Operational and maintenance cost £92
Other Expenses £300
Total Cost £1280
CONCLUSION
As it is concluded from the above report that the supervisors of the firm direct, control
and train the new manpower also provide the support to the firm to meet financial and
operational goals. A firm deal with the multiple problems like conveying difficulty, withdraw of
good and non-expertised workers at the time of taking out the exercises in present world. It is
very important to chose appropriate business alternatives after identifying the important
components that are costs, time, efforts and at last related with the risks.
PART 2
Personal Reflection
During my studies at the University of Business Management Fundamentals, I felt perfect
as I gained a wealth of experience on corporate and organisational boards. During my most
memorable week in college, I needed to take classes online due to the COVID-19 pandemic. I
am more curious and energized about meeting with coaches and partners to preserve every piece
of data in the example. In this module, I hope to understand the unmistakable categorization of
necessities and organizational prerequisites associated with change projects, and to identify clear

management approaches to actually and effectively achieve future goals. From my first week in
college, I can express that I am happy and convinced that I am essential to the class. Devotee,
reserved and curious are the three words I use this week to describe my fondness for modules. I
also found information about managing errands where I got information about the change
process. That same week, I learned about the difference between an authority and a board, and its
impact and direction in a work environment.
During week 2, my learning experience was good and my overall outlook on the exam
was encouraging. So, for me, the most critical part has to do with authoritative design as it gives
me the future direction to unfold to reveal the true relationship of which manages the hierarchical
workflow. I dissected a proper large enterprise blueprint to more directly add new positions and
provide an adaptable means for development. Another part of my learning this week was about
group improvement. Here, I apply the Tuckerman Group Progress Hypothesis and Belbin Group
Work to differentiate approaches to cultivating strong groups. Through the Tuckman Group
Progress Hypothesis, I understand how groups develop and the way they experience
unmistakable problems during the gradual stages of change. Likewise, working with Belbin
groups, I have found that groups provide diversity, solve complex problems, communicate faster
results, facilitate learning, open doors and reflect organizational strengths. I am more focused,
stressed and engaged with the weekly modules, which gives me a sense of joy and responsibility.
I was more fascinated by working in a group and every exercise in class. A stable component of
the week is the board assignment as it guides me in developing enhancement plans, tweaking
creative capabilities and shipping execution. I created the ability to increase throughput of
bottleneck assets to further develop the income age framework.
During Week 3 of the Business and Management Fundamentals course left me with a
negative view of the exam overall. Still, it's good that I'm involved in this week's realization,
because it's not completely static, engaging and overthinking. During the week-by-week
modules, my party and I came with more difficulty because everything was smart and I was
more satisfied to find that I could communicate in English in front of my mates without shame. I
discovered the cycle of activity and consequences of 4V in the organization. I also emphasize
that the inspection task is huge because it illustrates the various functional angles needed to get
the business done.

Throughout the week-to-week modules, I investigate key expertise advancements in
different regions. Some of the competencies I created in the growth opportunities for business
and management foundations are as follows:
 ICT: With different PC programs and different applications, it has to do with vision.
Elevating expertise in the field worked for me by doing Zoom calls or Webex with
individuals in the group to explain all the nuances of the task. It enhances my
commitment to information maintenance. I'll be more involved in the weekly modules as
I integrate ICT into the example. This is conceivable because innovation has given me
unmistakable opportunities to make learning fun and engaging.
 Collaborate with others: It is possible to successfully communicate, collaborate to
expand, monitor conflicts with others to complete errands and achieve common goals.
Through the Belbin hypothesis, I understand and get work done with the team and focus
on the strengths of different individuals. With this, I have created the knowledge that the
job involves dealing with complex problems and trading ideas to come up with
imaginative ways to approach execution. I find the most effective arrangements by
working with others.
For my action plan is important as it gives directional support include it into the comprehensive
manner for watching variation also advance across the range of objectives in various field. In my
action plan create some improvement skills which are as discussed below:
Skills Particular Measurable Achievable Appropriate Time
period
Information and
technology
techniques(ICT)
This
particular
skill assist in
handling and
holding the
data through
calculating.
These skills
are evaluated
by me
through
implementing
this detail in
doing my
university
It is achieved
by me while
taking
knowledge of
computer by
attending all
the lectures.
It has good
relevancy in my life
as it helps me
becoming and
conducting data
which helps to
raising my
knowledge in
4 months

projects. future.
Team work skills The skills
and
knowledge
of team work
are particular
to me as it
helps me in
functioning
in a unit at
my
university or
employment.
This is
evaluated by
me with the
help of extra
watching my
own
performance
at the time of
doing in a
group.
These skills
are attained by
me due to
attending the
team projects
at my
university.
These appropriate
skills of team work
for me as it would
help me in
determining my
capabilities at the
time of functioning
in a group.
2 months

REFERENCES
Books and Journals
Beliatis, M.J and et.al., 2018, June. Digital waste management using LoRa network a business
case from lab to fab. In 2018 Global Internet of Things Summit (GIoTS) (pp. 1-6).
IEEE.
Cosenz, F., Rodrigues, V.P. and Rosati, F., 2020. Dynamic business modeling for sustainability:
Exploring a system dynamics perspective to develop sustainable business
models. Business Strategy and the Environment. 29(2). pp.651-664.
Festa, G and et.al., 2018. Big data for big pharma: Harmonizing business process management
to enhance ambidexterity. Business Process Management Journal.
Hoque, N and et.al., 2018. Is corporate social responsibility pursuing pristine business goals for
sustainable development?. Corporate Social Responsibility and Environmental
Management. 25(6). pp.1130-1142.
Kariv, D., Cisneros, L. and Ibanescu, M., 2019. The role of entrepreneurial education and
support in business growth intentions: The case of Canadian entrepreneurs. Journal of
Small Business & Entrepreneurship. 31(5). pp.433-460.
Kasemsap, K., 2018. Mastering business process management and business intelligence in
global business. In Global Business Expansion: Concepts, Methodologies, Tools, and
Applications (pp. 76-96). IGI Global.
Nicholls-Nixon, C.L and et.al., 2021. Entrepreneurial ecosystems and the lifecycle of university
business incubators: An integrative case study. International entrepreneurship and
management journal. 17(2). pp.809-837.
Orel, M. and Kubátová, J., 2019. Coworking as a model for conscious business. Journal of
Global Responsibility.
Pang, C and et.al., 2019. Integrative capability, business model innovation and performance:
Contingent effect of business strategy. European Journal of Innovation Management.
Salvador, R and et.al., 2021. Key aspects for designing business models for a circular
bioeconomy. Journal of Cleaner Production. 278. p.124341.
Sampaio, C.A., Hernández-Mogollón, J.M. and Rodrigues, R.G., 2018. Assessing the
relationship between market orientation and business performance in the hotel industry–
the mediating role of service quality. Journal of Knowledge Management.
Sun, B. and Sainsbury, A., 2022. Preface: 5th International Conference on e-Education, e-
Business and Information Management (EEIM 2022). Journal of Education, Humanities
and Social Sciences. 2. pp.I-I.
Torres‐Ruiz, F.J., Vega‐Zamora, M. and Parras‐Rosa, M., 2018. Sustainable consumption:
Proposal of a multistage model to analyse consumer behaviour for organic
foods. Business Strategy and the Environment. 27(4). pp.588-602.
Venkatesh, R., Mathew, L. and Singhal, T.K., 2019. Imperatives of business models and digital
transformation for digital services providers. International Journal of Business Data
Communications and Networking (IJBDCN). 15(1). pp.105-124.