P1: Explain Different types of Business Information
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Added on 2020-10-22
P1: Explain Different types of Business Information
Added on 2020-10-22
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BUSINESS RESOURCES
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1P1: Explain different types of business information, their sources & purpose ..........................1P2: Present complex internal business information using three different methods....................2P3: Produce Corporate communication......................................................................................5P4: Evaluate external corporate communication of an existing product ....................................5P5: Legal and ethical issues that are related to the use of business information.........................6P6: Define the operational issues in relation to the use of business information........................7P7: Outline different types electronic and non electronic forms of communicating businessinformation..................................................................................................................................8CONCLUSION ...............................................................................................................................9REFERENCES................................................................................................................................1
INTRODUCTIONBusiness resources are used by the company in order to perform efficient operations ofthe company. The project report has taken BBC company and discusses about the types ofbusiness information what are their sources and the purpose of these informations. Thepresentation of complex internal business information using statement of profit and loss, balancesheet and cash flow statement. The corporate communication has also been produced in thisproject.( Brown, and Seidner, 2012) The evaluation of external communication of BBC companyhas been done here. The different types of legal and ethical issues in the company and how theyare resolved. The analysis of operational issues of the company has been performed in thisreport. Finally, the outline has also been created for the different types of electronic and nonelectronic form of communication that has been used by the company. TASKP1: Explain different types of business information, their sources & purpose Types of information: Verbal Information: The verbal form of communication cab be done either on thephone or face to face. The face to face form of verbal communication is considered as one of themost efficient form of communication, as this type of communication has very minute chances ofmisunderstanding and this form enables both non verbal and verbal messages. The major benefitof verbal form of communication is that, verbally it becomes very easy to communicate than inany other form. The verbal communication is said to be easily understandable and interpretablebecause in this form the tone of the sender and its body language is easily understood whereas inthe written form sometimes the tone is misunderstood and because of which the meaning ofmessage is changed. BBC communicates with the employees of the company verbally in the staffmeetings and appraisals and other face to face meetings with the employees for thecommunications of the new plans and any changes that is made in the policies of the business.This can be beneficial for the business as the staff can ask any questions about the changes thatare made and provide instant feedbacks.( Cox, and Jantti, 2012) Written Information: this form of communication is used by the companies when theyhave to communicate information regarding expectations, legalities and other such things to theemployees of the company. This form of communication involves any message that includes the1
use of written words in it. The benefit of written form of communication is that the managers cantell the employees that that he has to perform a particular duty through an email without wastingthe time on face to face communication. The only disadvantage of this form of communication isthat in this the communication can delay and it can take a while to get to the receiver of themessage. And it is also necessary that every person in the organisation has an efficient writtenskills to communicate in this form of communication.Web based communication: this form of communication is shows the benefits that technologiesare offering. With the use of modern world's fast broadband connections it becomes possible forthe company to stream refined content anywhere in the world any time. The most crucial benefitof this types of communication is that by using this the information can be sent and receivedanywhere in the world in very less time and at the receiver's convenience. Purpose of information: The information that is communicated in the organisation has manypurposes for the functioning of the organisation. Some of the important purposes of informationare discussed underneath:.Knowledge is updated: The communicated information to the employees of theorganisation assists in updating the knowledge of the employees regarding the newpolicies that the company has formulated or any changes that the company has made inthe objectives and policies of the company.(Eriksson, and Kovalainen, 2015) Informing about future developments: the another important purpose of thecommunication is that it helps in the informing about the future developments thecompany is about to make in the future. This assists the employees of the company inworking accordingly to achieve the objectives of the organisations.Assist in defining strategic directions.P2: Present complex internal business information using three different methodsCONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES(including the income and expenditure account) for the year ended 31 March 2017UnrestrictedRestrictedTotalTotalfunds 2017funds 201720172016Note£’000£’000£’000£’000Income and endowmentsfrom:Donations and legacies24383,2633,7014,2362
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