HI5002 Finance for Business Assignment

Added on - 16 May 2020

  • HI5002

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Running head: FINANCE FOR BUSINESSFinance for BusinessName of the universityName of the studentAuthors note
1FINANCE FOR BUSINESSTable of ContentsAssessment task 2:...........................................................................................................................1Preparation for team meeting:.........................................................................................................1Minutes of meeting:.........................................................................................................................3Participate in an observed team meeting:........................................................................................4Submit meeting notes:.....................................................................................................................6Reference and Bibliography list:.....................................................................................................8Assessment task 2:Preparation for team meeting:Goal activityCurrent statusPerson responsibleComments
2FINANCE FOR BUSINESSHiring consultationservicesRedIT department ofcompanyThe consultationservices are requiredfor developing anddesigning thewebsites.Assigned with thetask of increasingcustomer referralsAmberMarketing and salesmanagerThis can be done byadvertising online.Assisting employeeswith adopting them toe commerce platformGreenUpper level andsenior managementConducting trainingsessions for makingthem acquaint withthe knowledge.Promoting thebusinessAmberSales managerDistribution ofpamphletsSourcing of differentsources by properrecognitionRedSeniorlevelmanagement and chieffinancial officers.Conducting researchfor sourcing businessrequirements willrequire people ofbusiness to engagethemselvesthoroughly (Mahembeand Engelbrec 2014).Identification of issues creating problems:Lack of training-Management of Apparel might not posses enough knowledge toinfluence required knowledge for making existing employees aware of the digital business.Resources-Apparel Brand limited is identified with lack of resources in term of itsemployees and physical assets for initial online platform.Lack of technological knowledge in existing employees-Existing employees ofcompany is not aware with latest technical knowledge that is required to deal with consumersshopping online (Friedrichet al.2017).Security issues-Apparel brand is required to have networking security system that is notpossible with existing resources.
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