Executive Summary: Luton Town Residence - Business Impact of COVID-19

This report, focused on the Foundations of Business Management, examines the challenges faced by Luton Town Residence due to the COVID-19 pandemic. The primary issue highlighted is the difficulty in communication and collaboration among the workforce, leading to a need for a new software solution. The report details the reasons for the project, business options considered, potential benefits, and associated costs, including a timeline for development. It explores various business options, benefits such as lifestyle improvements and financial rewards, and the potential dis-benefits like financial risks and time commitment. The report also includes a Gibbs Reflective Model analysis, assessing communication, numeracy, ICT usage, and problem-solving within the context of the organization's response. The conclusion emphasizes the importance of investing in technology to overcome communication barriers and improve organizational performance and success.

Foundations
of
Business Management

Executive Summary
This below report determines, the business concern company, Luton town Residence deal
with the different difficulties due to this COVID situation. Workforce faces difficulties they are
incapable to make their connection or cooperation with inter-department. So , company decided
to develop new software or application for their staff, that can easily approachable. This
conclusion is very effectual because if team members attached to each other. They are capable to
do cooperation handle things with other staff. So industry can operate efficaciously, it covers
performance of technology and software which is important for organsiation.

Table of Contents
Executive Summary ........................................................................................................................2
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................2
PART 1............................................................................................................................................2
Reasons of doing project.............................................................................................................2
Business options..........................................................................................................................3
Benefits.......................................................................................................................................4
Dis-benefits.................................................................................................................................5
Time scale...................................................................................................................................5
Costs............................................................................................................................................5
CONCLUSION................................................................................................................................5
PART 2............................................................................................................................................6
GIBBS Reflective model.............................................................................................................6
REFERENCES................................................................................................................................8
1

INTRODUCTION
foundation of Business management, it refers to full time concept that provides an entry
path to basic year of business management or it is organized to set up for key topics that will
form core group of rest of grade in business management. This area subject is majorly framed by
UK students or people that will help well understanding of commercialized organization. It
supply key knowledge about statistics, mathematics, economic, Information Technology or
management of business that will assure that amply programmed for base phase of major level.
It offer different skills and knowledge which is needed in corporal world to handle situation for
get into in management consulting sector (Bethmann, and von Schnurbein, 2020). They consider
strategies, sales and marketing, operation management, finance, accounting, organizations,
economics, business mechanics or HRM. These each are portion of business that help to operate
in acquiring manner. Below report is supported upon create or develop new technologies and
application for team members so company can cooperate each other in easy manner or keep
away from problems and difficulties that is deal by the staff. It can be considered technology
development is deserving or not because several are well-known with technology or other team
members don't know about the operate procedure.
MAIN BODY
PART 1
Reasons of doing project
In context of Luton town residence, which is responsible for running housing association.
The main mission of organisation is to provide appropriate housing for local society with a
particular focus on providing resource and support to vulnerable individuals. The main
explanation of performing task for this project is method can operate efficaciously, so
organization are capable to create revenue or profit. However, due to corona virus company has
begin meeting on zoom to solve issues but there were some team member they are not familiar
with technology , software or technology (Branch, 2018). Company looking for develop simple
application, which is easily approachable on smart phones, computer or laptops so workforce can
adopt software in easy manner. This needs of each group member to do effectual form of
interaction in order of casual or for operational goal. Each departments have different needs.
Finance group requested and communications channels allow for drooping or particular
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interaction as urgent if accomplish-able to accept for prioritization. Maintenance group
requested about integrating into new connection or cooperation channels to debar having
hijacking data or information and asking on two various methods. Some workers are against
adopting video conferencing while another argued that it should be an alternative for those that
are preferable it to the telephone calls. In past senior management united with decision (Bullard,
2021). They are looking forward to begin new channel that was to be acquire without inordinate
cost or also considering essential of interaction or cooperation that prepared to regard relatively
costly resolution as long they met needs declared by workforce.
Business options
It is a conception that can be utilized for financial increase that is normally centred on a
services or goods that can be provided for monetary value. Idea is basic milestone in process of
creating a booming organization. There are lots of members who has looking for to set a business
for best reasons. They can evaluate to have two and three occupation during their business life.
Those going away from career often think about second and third career options move being one
they can operate out of their house. Business options consider market investigation, it is
communicative and fiscal statement. A commercialized project opportunity,in simplex terms, is
a pre-packaged enterprise investment that allows purchaser to start a business. company option
are hard to specify because terms means several things to various people. It regards sales and
lease of any project, services, tools and other that will change buyer licensee to start a purchase.
Company and enterprising entity occupied in commercialized, industrial or occupational group
activities. Commercialized business can be for net income or non profit organization that run to
accomplish a beneficent mission or boost a social reason. Organization alternative understand
conception so they can operate in important way. It is depend upon business nature, extended
market investigation may be essential to find out weather change thought into a commercialized
project executable and it provides value to users. It is also necessary to take judicial structure of
company and it may require to assured permits, correspond to enrolment requirements and
acquire license to lawfully run (Chavan and Breyer, 2020). The objective of enterprise
alternative it conducts business activities in a long term. While most of group argue income
making is midpoint object precisely it is correct but not only net income. It is also answerable for
provide consumer's satisfaction. There several kinds of business such as process of
manufacturing, in this process make products or sell instantly to users or go-between of sales
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process. Service, it is a kind of company that deals in merchandising impalpable goods to users.
Merchandising in this enterprise purchase goods from a manufacturing business, wholesaler and
another partners and exchange similar at retail cost. In last, hybrid it consider three or more
kinds enterprise that spread out in each expected but in products are factory-made by another and
offer service to user. That are accountable for make profit along with net income. It
commercialized enterprise includes several kinds of forms such as, partnership, sole
proprietorship restricted liability industry,corporation all these grow enterprise or try to provide
their result best.
This enterprise use weighted score model, it is a program management technique utilized
for weighing definite decision, like prioritizing project activity, development of goods features or
buying new software (Heinrich, Heinzl and Roithmayr, 2020). As per expected of concern
administration it include different aspect like list out alternative, goods feature, product stages,
software alternatives, potential people hire and 2nd thing price, time risk, effective quality, effort
in project, return on investment and many other.
Benefits
Enterprise option provides the in dependence or having a bravery to take a risk or begin a
new set up that carry growth in several advantages.
Lifestyle: Operating a business offer definite lifestyle benefit, because enterprise man
understand where they need to work. They want to invest more time and non work business
activities.
Financial rewards: It is advanced financial risk, operating own business give
opportunity to generate more profit.
Learning opportunities: It consider every prospect of enterprise and conditions creates
many opportunities to increase a via knowing different business functions.
Creative freedom and personal satisfaction: as per expected of enterprise owner, they
capable to perform business activity in a field that truly enjoy. They are capable to put skills or
knowledge to use and increase individual satisfaction from executing ideas, working directly
with users and observation of business succeed.
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Dis-benefits
Financial risk: to begin a enterprise financial resource is really necessary to raise a
enterprise can be extended. Founders of organization saves their wealth and borrow loans from
banks but there is no assurance about net income. Efforts is essential but luck cause matter a lot.
Stress: there is a unclear arrangement of things to concern about competition, workers,
business bills, tools breakdown, customers issues.
Time commitment: Business operator are really busy attribute, they incapable to provide
time to their relatives or close once (Kistruck and Shulist, 2019). Unluckily operating a
enterprise is highly time consuming.
Undesirable duties: commercial group can get bog down down in detail activity that
don't good. They likely have to execute some unpleasant business activities like firing members.
Most of enterprise members are diverted with their decision to begin a business.
Time scale
In consider project cost or reckon of company is software evolution, price is depend
upon software program project, project size or development group size. Project will get around 8
to 9 months. This is really advantageous because each management are capable to cooperation
each other or willing to achieve goals or objectives.
Costs
Project price usage technology to measuring cost or production by full series of business
organisation standard's projects. It embrace different particular purpose of project management
that considering estimation, controls of job, field data or information gathering, accounting,
designing or scheduling (Myers,, 2019). The price of software is around $ 65,000 or each
departments. The maintenance and operations cost of a constituent that is connected with or keep
the component and sum O&M expense of all system elements. It consider explanation or judicial
fees, bank charges, expenses of travel ,entertainment expense, non capitalized investigation,
development cost, office offering cost, rent and many other. It consider gross cost around $
60,000
CONCLUSION
It is concluded that, organisation run their enterprise in various collection with the assist
of separate departments or functions. Due to Covid condition organisation face difficulties or
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barriers in interacting with workforce who are on work from home. Organisation adopt
application for communicating all staff or conducting official meetings through online, but some
staff are not know about usage with technology or it's functions. So it is a obstruction for
company as well as employees. This impact their organisation performance or success. To
improve communication procedure they use approach some technical base company to make
application for their enterprise so they can doing meetings or work together via application.
Organization face some problems but they avoid issues by the investing in effectual
technologies, this will give more growth to business.
PART 2
GIBBS Reflective model
It was founded in 1988 by Graham Gibbs, to give a framework to acquisition from
experiences. It also give a framework for examining experience or given its quality lends itself
generally well to perennial education. Allowing to learn or planning from things that provide
outcomes in both negative as well as positive manner. There are five stages which are describe
below as;
Communication: It defines to act of processing a definition between groups or entities
via adopting adequate appreciated signs, semiotical conventions or symbols. There are some
kinds of communication like verbal or non verbal communication, kind of visual, written and
etc. organization's facilities maintenance group is requested for their group or Office Amp which
have adequate Segregation in new connection or cooperation channels to cut down or avoid any
artefact information, organization requests on two method. Individualist coaches is requested that
new interaction or cooperation transmission have some combining with Office365. For more
effectual collaboration platforms and connection there are some accomplish-able resolution that
are Microsoft Teams, flow dock or discord. Via these organisation make effectual interaction
process among each staff.
Numeracy: It is skills, behavior, knowledge or affectedness that people need in order to
use maths in huge scope of situation. It includes recognize or knowing mathematics role at
company. Also having affectedness or capability to utilise numerical skills purposefully or
mathematical. Numeracy supply accurate alteration, understanding data, using spreadsheet or
weighing and activity.
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ICT (Information and communication technologies): It is huge term for information
technology, which refers to all connection technologies, considering wireless network,
cyberspace, smart phones, software, internet, middle ware, social networking, video
conferencing or some other services or applications. By exploitation these LTR organisation can
make effective communication transmission or software so they get approving outcomes in terms
of profitableness or productivity. An effectual communication can assist in better performance of
enterprise.
Problem solving: It is refers to issues which are arise at workplace or in business which
are resolute by organization. There are some procedure are consider in this first is to specify
difficulty with implicit reasons or debar trying to resoluteness the problems without data. Second
is Make alternative choice or resolution, in this specific long or short terms option is crucial,
brain storming give more effectual thought to solve any issues . In LTR organisation they face
some problems and challenges that are staff demand for different department as per field work
like for finance, customer services, marketing, and other. but for organisation it is very expensive
to separate management. They work on it by exploitation some scheme or try to better
communication. another one is due to the COVID condition they couldn't run their enterprise
offline so they provide work from house to workforce. Organization conduct meeting or
communicate to employees by using Zoom app but some workers are not acquainted with
technologies or its characteristic. So they face problems in running application or in interacting
procedure. For this issues organization present new application for office usage or try to better
interaction. Evaluate or select option without bias and which assist in accomplish targeted
objectives. Implement on resolution, for this organization ned to gather feedbacks from
employees for work from home conception or also set up measures or tracking which are
ongoing. Long terms results are based on end solution.
Working with others: It is quality to effectually interact, collaborate, cooperate or
handle struggle with other workers or staff members in order to finish business project or carry
through shared goals. This quality is must needed in company to accomplish common goals or
raise profitability or performance of projects of business. In LTR industry, there are various
department demands for separate areas or departments but organization can't afford this because
of maximum cost. So they try to get maximum engagement and gain communication among
workers. In Covid condition staff conduct their meeting or share information attendant to
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business via Zoom application but some employees are not happy with application so they
present new application as per demand and effective channel have main role in working together
on the one project.
Conclusion: I able to do other than do few other things. Immediately after incident I
would have to spoken to educator or explained my troubles, where dedicate mistakes and I asked
to teacher, what I imagine to much more belligerent. The relations also changed me to realise
value of keep partnership with consultant, I have concentrate on practice, assurance or its making
activity in order to raise to my success as well as my social relation with training director. In
order, I necessitate to focus on problems solving skills to make originative relations with others
match or new group that might assist me.
In additional, organisation require to focus on communicating or also approach effective
organization for developing software or application with essential features such as transfer
messages, data, video conferencing, information presenting presentation and etc. which are
crucial to operate business.
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