Foundations of Business Management

Foundations of Business
Management

Table of Contents
PART 1............................................................................................................................................1
EXECUTIVE SUMMARY.............................................................................................................1
INTRODUCTION...........................................................................................................................1
CONCLUSION ...............................................................................................................................4
PART 2............................................................................................................................................5
REFLECTION.................................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCE...................................................................................................................................8

PART 1
EXECUTIVE SUMMARY
Business management refers to planning, organizing as well as analysing business
different kinds of operations in business. It plays an essential role in developing organisational
activities such as human resource and finance. However, it improves the production and
organize resources to accomplish business objectives. This is the process which boost morale and
assist coordination in order to achieve the targeted goals. Luton Town Residences is considered
in this report which focus on communication and collaboration changes in the company. It is
summarised that communication is important to share relevant information with employees and
customers which give assistance to build strong relationship with workers in order to improve
efficiency in workplace. On the other hand, collaboration gives individuals to work cooperatively
towards a common goals to maximize satisfaction of employees.
INTRODUCTION
Business management is defined as managing, coordinating and organising business
operations through planning. Manager is responsible to supervise and direct to perform their
tasks effectively (Abbaszadeh and et.al., 2019). This is a continuous process as it need to
overcome with solutions on ongoing basis. Management take decisions regarding the
implementation of plans and activities for the purpose to attain business objectives and goals.
This report includes Luton Town Residences. This is a part of Anacreonte group which is
operating by family members. This is situated in United Kingdom. This focus to implement the
collaboration and communication changes in the selected company. This report covers reasons
related to solve the business problems, business options using Weighted Score Card Model to
conclude business options, expected benefits which involves quantitative as well as qualitative,
dis-benefits, timescales, maintenance costs and projects costs.
Reasons:
In business of Luton Town Residences, there is many issues due to communication such
as employees behaviour, skills, cultural differences, outdated technologies, improper
communication tools which decrease the productivity and performance in workplace (Filser and
et.al., 2021). On the other side, there is various challenges in collaboration regarding limited time
to interact with each other and not having proper planning which affect the organisational
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