Business Management Assignment - Aurecon Group Pvt

Running head: BUSINESS MANAGEMENT
Business Management
Name of the Student
Name of the University
Author Note

1BUSINESS MANAGEMENT
Executive Summary
This report discusses the contemporary management challenges that organization Aurecon Group
Pvt. ltd faces in the recent time. In order to analyze the recent management challenges, a detailed
industry analysis has been conducted considering few journals articles and organizational
evidences. The research question is based on how Aurecon can retain its key employees and
based on this problem, the analysis has been conducted. The findings of the analysis indicate that
most of the growing organizations tend to apply or develop training and development
program, positive organizational culture development and communication credibility.
Furthermore, in order to understand business problems suitable strategic tool such as 7s
framework has been applied. The framework helps to understand how the mentioned challenges
can be resolved.

2BUSINESS MANAGEMENT
Table of Content
Introduction......................................................................................................................................2
Literature Review............................................................................................................................3
Retention methods.......................................................................................................................3
Conducting an industry and company analysis synthesizing the business information..................5
Identifying and selecting appropriate tools, models and theories helping understand the
problem........................................................................................................................................7
Identifying the strengths and weaknesses of tools, models and theories.....................................9
Suggesting alternative methods to resolve the weakness..........................................................10
Report to justify why my research approaches to solve management issues should be adopted. .11
Conclusion-....................................................................................................................................11
References and Bibliography.........................................................................................................13

3BUSINESS MANAGEMENT
Introduction
The following report provides a detail analysis of business management practices of
Aurecon Group Pty Ltd located in Singapore. Business management skills are a significant
contribution to any organization, as they should be designed and developed to their full potential
for the organization to be successful. Due to technological advancement today, business
management practices are developed to become more market centric, which means that the
practices are determined based on how the market responds. Moreover, because of the rapid
development in the business practices, small and medium sizes firms find it easy to maintain a
rapid growth. In the previous century, the firms with traditional business practices had to wait
for years to reach the break-even point and the profits were miles away to achieve. However, in
the 21st century, SMEs like Aurecon Group Pty Ltd is the perfect example of achieving growth
in the shortest time with advanced business management practices. Nevertheless, business
practices are not robotic evolution that they would always work in logical manner.
The marketers often have to modify the practices based on recent market situations.
Business management is a continuous process with ever-increasing competition among firms
leading them to problem situations. To protect the business from such situation, the management
of the firm should take control of the situation. As the market environment is rapidly changing,
approaches that are more dynamic should be adopted to maintain a smooth and efficient growth
in business. Thus, this report discusses the business management challenges of Aurecon Group
Pty Ltd and identifies the areas in management that need to be resolved. The report provides a
detail literature review to find out the contemporary management challenges. Based on the
analysis, appropriate management approaches have been suggested to Aurecon Group Pty Ltd.