Establishment of New Business and Making Decisions | Report

Added on - Feb 2020

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Operations InformationManagement1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3Part A...............................................................................................................................................31 Series of business process models...........................................................................................32) Strategic analysis for Music Mates..........................................................................................5Part B...............................................................................................................................................6Open source Software Comparison Table...................................................................................6Part C...............................................................................................................................................8Report...........................................................................................................................................8Part 4..............................................................................................................................................10Reflective summary...................................................................................................................10CONCLUSION..............................................................................................................................11REFERENCE.................................................................................................................................132
INTRODUCTIONManagement of business activities including collecting information and adequate use ofresources is helpful for achieving organization's effectiveness. It is key element to grab varioustechnologies for efficient quality services of firm. The present report is based on case study ofMusic Mates related to establishment of new business and making decisions for fund allocationat workplace. In this regard, different aspects for promoting band for advertising, social mediamarketing, recording business accounts are determined here. However, effective businessapproach regarding technologies and analytical tools for appropriate research and analyses canbe understood through this study. In addition to this, evaluation of research and open sourcescomparison table is presented here for preparing strategy for implementation. Including this,systematic report including recommendations is obtained here. Along with different tools andtechniques are to be determined for implementing sound qualities. In addition to this, alternativebest solution for music efficiency is to be obtained through this study. Including this, differentalternatives for enhancing music quality can be determined with comparisons. However, report isable to provide different aspects of operations information and management related toolseffectively. Overall information regarding music systems are to be understood through study.PART A1 Series of business process modelsBusiness process model is an activity of depicting procedures in Music Mates foranalysing its current processes or to bring improvement in them. This model is generally adoptedby business analysts who gives their expertise in this model. It is a modern technology that hasevolved from several phases and names, starting from division of labor in the late 1700s, whenmanufacturing sectors first shifted in factories form cottage industry. This model ininterchangeable with the cited firm. It is not only followed by traditional businesses, but it isincreasingly applied by all type of other types of firms. For instance, government institutions,charitable trusts, cooperative organisations etc.This method brings improvement in efficiency and quality for the stated firm. Thetechniques of business process modelling are focused on mapping and workflow to gainunderstanding, evaluation and optimistic changes. The representation of this model in3
diagrammatic form is commonly referred as “notation”. While business process modelling isrelated with several perspectives of management, its deep technical features and process focusrelated closely with quality management and the evaluating approaches and liabilities emergingfor improving the quality. In simple terms, it is quality management tool just like six sigma. It isspecially used in change management.BPMN is a graphical representation to specify business procedures in the businessprocess model. It is standard for business process modeling which gives graphical notation tospecify business processes in the business process diagram which is based upon flowchartstechniques that it same as activity diagrams of the unified modelling language. The purpose ofBPMN is to aid business process management, for technical users as well as business usersthrough giving a notation which is spontaneous for business users. It also offers a mappingbetween the graphics of the notation and its inbuilt concepts of implementation languages. Theprimary objective of BPMN is to offer a standardised notation which can be easily understood byall the stakeholders of the cited organisation. These comprises of business analysts who make4Illustration1: Business process model using BPMN(Source: Business Process Modeling Techniques with Examples, 2014)
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