This document is an individual report and reflection on a business case study. It discusses the influence of the external environment, issues faced by managers, and provides recommendations. The report also includes a personal reflection on communication skills, numeracy, ICT, problem-solving, and team building.
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INDIVIDUAL REPORT AND REFLECTION
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Table of Contents INTRODUCTION...........................................................................................................................3 PART 1............................................................................................................................................3 Introduction and summary of business case study.................................................................3 Apply theory and model to depict the influence of external environment.............................4 Identify issues faced by the manager of business...................................................................6 Recommendation....................................................................................................................7 Conclusion.......................................................................................................................................7 REFRENCES...................................................................................................................................8 PART 2............................................................................................................................................9 Personal reflection on the basis of learning experience.........................................................9 CONCLUSION..............................................................................................................................11
INTRODUCTION Business environment signifies sum total of individual person that helps in achieving goal and objective in timely manner. It assists in increasing level of performance which will be helpful in sustainable development. There is different micro as well as macro environment such ascustomer,subordinates,supplierthathelpsinperformingfunctionsandactivitiesof organisation that increasing level of performance at workplace. This assignment is carried upon Mc-Graw-Hill. It is the international organisation which signifies different activities that helps in increasing involvement in publication related to educational materials. This company was situated in New York. This assignment discusses different topics like increasing understanding model which impose direct impact external atmosphere of organisation. Moreover there is the personal reflection that provides support in improving personal skill which is covered in assignment(Gunaratne, Cleghorn and Jackson, 2016). Vision:The vision of organisation is to achieve leading position around the world. MissionThe mission of company includes important information that helps market and individual person in gaining favourable outcomes at workplace. Goal: Inaddition to this, the goal of organisation is to satisfy needs in respect of capital, business data and information, education and also training. PART 1 Introduction and summary of business case study Mc-Graw-Hill is the international organisation which signifies different activities that helps in increasing involvement in publication related to educational materials. This company was situated in New York. They provide different types of products and services such as TV unit as well as business week operations. The mission of company includes important information that helps market and individual person in gaining favourable outcomes at workplace. In addition to this, the goal of organisation is to satisfy needs in respect of capital, business data and information, education and also training. It includes responsibilities towards functions and operation of organisation and enhances social, environmental in communities.
Apply theory and model to depict the influence of external environment SWOT analysis is a framework which is used for analysing strengths, opportunities, threats as well as weaknesses of organisation which imposes direct impact on performance level of organisation. The organisation focuses on grabbing opportunity and reducing threat in order to increase profit margin in future period of time. Therefore, the swot analysis which is adopted by chosen organisation that is going to be mentioned below: Strengths ThestrengthofMc-Graw-Hill organisation is to have worked great background related to printing as well aspublicationsintheyearof1888 whichincreasesbrandimageand reputationofcompanyinfrontof customer at Marketplace. Thisisdeterminedasaleading educationorganisationwhichis emphasized on digital earnings as well as educational service around the world whichisdeterminedasstrengthfor organisation. Furthermore,theorganisationoffers excellent books to its user around the worldthathelpinincreasingand retaining customers for a longer period of time during particular phase of time period. Weaknesses TheweaknessofMc-Graw-Hill Company is that they only concentrate on educational sector which is the main weakness of the organisation. Furthermore, they are more dependent on US market which decreases sales of company in future period of time. Apart from this, due to charges high price which is determined as a hurdle or weakness for developing countries that is the main weakness of organisation (Wachob and Pesci, 2017). Opportunities The main advantage of Mc-Graw-Hill organisation is to have a commercial as wellasbusinessprintingduring Threat They also offer subsidies in developing country like Pearson The threat of chosen organisation is to
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particular phase of time period. They can focus is an expanding their functions and operation of organisation in Europe and also in Asia. They also offer subsidies in developing country like Pearson. enhance in online data, e-book as well as other information that is weakness forcompanyanddecreasessalesin future period of time. Due to increase global competition, it decreases profit margin as well as sales of organisation during particular phase of time period. There are various competitor form of this company named as Pearson PLC, ReedElseviergroupPLCwhichis determined as a main competitor of the companythatdecreasessalesof company in future period of time. PESTEL analysis ofMc-Graw-Hill PESTEL analysis is used for analysing external environment which impose direct impact on operation and functions of organisation that is given below: Political factorthere are various rules and regulation is implemented by government in order to operate its organisation. Therefore, due to political stability of organisation helps in operating business in an appropriate manner during particular phase of time period(Hammand Firmin, 2016). Economic factorThe chosen organisation providing products and services as per needs and wants of its customers that helps in increasing profit margin in future period of time. Social factorthere are different factors which includes taste and preferences, fashion as well as many more. Therefore, the organisation focuses on providing the product according to need of its user in order to satisfy them. Technological factorthe organisation implements advanced technology in order to provide appropriate quality books to its user around the world.
Environmental factorthe organisation protect the environment and provide eco-friendly products such as books that help in building brand image of company in front of customer at Marketplace. Legal factorthe organisation following rules and regulation that is necessary for operations of business organisation that help in increasing sales of company in future period of time. Porter five force model This model provides strategic direction that is helpful in taking decision in future period of time. The organisation adopts this model that is given below: Bargaining power of buyersit is necessary for organisation to provide innovative goods and services to its user at discounted price for retaining them for a longer period of time. Bargaining power of supplierMC Graw Hill is determined as a biggest organisation andtheyprovidesuperiorqualitygoodsandservicestoitsuserandmaintainsuperior relationship with them that is helpful in future period of time. Competitive rivalrythere is various competitive firms who provide similar kind of product to its customers. Therefore, it is necessary for organisation to make appropriate strategy that helps in achieving competitive edge over rivalries at Marketplace. Threat of substitute productthere are various competitive firm who provide similar kind of goods and services to its user that is determined as a threat of substitute for organisation. Threat of new entrantsthe small company who start their business in this sector but this organisation operate their business at larger level so that it is not possible for them to operate their business at that levelLavena, 2016). Identify issues faced by the manager of business Competitivepressureduetoincreaseincompetitionlevel,itisimportantfor organisation to use a latest technology and innovation. It is also important to have a necessary capital because due to increasing competition level, it is necessary to offer innovative type of books to its user for satisfying their need. Operate in dynamic environmentit is necessary for organisation to consider the external as well as internal condition that imposes directs impact on performance of company. Therefore, the organisation focuses on providing goods such as books to its user according to their need (Smith, Alkozei and Killgore, 2017).
Recommendation There are various solutions which can be recommended to company that is given below: There are different type of issues or problems which is faced by the company but they focus is on adopting latest technology in order to provide innovative type of books to its user that help in achieving competitive advantage over rivalries at Marketplace. Itis necessary for organisation to maintain strategy for providing innovative books to its user that imposes positive impact on performance of company. Conclusion On the basis of above information, it has been analysed that business environment signifies sum total of individual person that helps in achieving goal and objective in timely manner. It assists in increasing level of performance which will be helpful in sustainable development.Thereisdifferentmicroaswellasmacroenvironmentsuchascustomer, subordinates, supplier that helps in performing functions and activities of organisation that increasing level of performance at workplace.
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REFRENCES Book and Journal Gunaratne, K., Cleghorn, M.C. and Jackson, T.D., 2016. The surgeon cost report card: a novel cost-performance feedback tool.JAMA surgery,151(1), pp.79-80. Hamm,J.A.andFirmin,R.L.,2016.Disorganizationandindividualpsychotherapyfor schizophrenia:acasereportofmetacognitivereflectionandinsighttherapy.Journalof Contemporary Psychotherapy,46(4), pp.227-234. Lavena, C.F., 2016. Whistle-blowing: Individual and organizational determinants of the decision toreportwrongdoinginthefederalgovernment.TheAmericanReviewofPublic Administration,46(1), pp.113-136. Smith, R., Alkozei, A. and Killgore, W.D., 2017. Contributions of self-report and performance- based individual differences measures of social cognitive ability to large-scale neural network functioning.Brain imaging and behavior,11(3), pp.685-697. Wachob, D. and Pesci, L.J., 2017. Brief report: knowledge and confidence of emergency medical service personnel involving treatment of an individual with autism spectrum disorder.Journal of autism and developmental disorders,47(3), pp.887-891.
PART 2 Personal reflection on the basis of learning experience Communication skill:Communication is very important that help in sharing all the necessary information for increasing understanding during particular phase of time period. At the time of learning, I am focusing on increasing skill related to written and oral communication that is important part of communication. In addition to this, there are various activities such as presentation as well as group discussion that helps me performing my work by using oral communication. This suggests me to perform my work in an appropriate manner during particular phase of time period. In addition to this, I am focusing on oral communication and giving more preference to oral communication in comparison to written communication and there are various kind of information which is shared by using email, notice and many more. I am focusing on practicing on grammar part such as article and writing report and appropriate use or adoption of punctuation marks. There are various individual person who helps in performing work that help in increasing skill like mentors, friends as well as preparing assignment that existed me in achieving feedback. Numeracyby using qualitative information and data that help in making whole presentation in an appropriate manner and it is easily understood by its reader. There are different types of programs used for achieving favourable outcome in future period of time. In addition to this, there are various practices that helped me in developing skill and add important content in overall communication as well as process related to discussion. ICTit is necessary to implement innovative technology for bringing changes during particular phase of time period. For retaining in competitive environment, it is necessary to develop my ICT skill that help in learning application related to MS Office and gaining knowledge related to different subject. Therefore, the leader provides me guidance related to increase ICT skills that assists in practicing in future period of time. Problem solvingKolb’s learning style that determines four level which signifies the learning style that assist me in improving and resolving problem that is given below: Concrete experienceFor resolving any type of problem, it is necessary to make appropriate discussion to resolve problem in an appropriate manner. I determine my experience which is achieved in my personal life during particular phase of time period.
Reflective observationthere are different method that is necessary to use in order to deal with different kind of problem and I am focusing on most appropriate method that help in increasing my experience level and understanding related to different situation and each of these assists in considering most appropriate alternative. Abstract conceptualizationon the basis of experience I am focusing on dealing with innovative ideas in every situation. Therefore, the individual person focuses on learning from experience and assists in resolving problem and handles the situation in an appropriate manner. Active experimentationincludes the application related to generating idea that helps me in resolving problem and execute innovative method Working with otherthis is determined as a team building model that involves five stages and level of team building that assists me in appropriate administration of team that is going to be mentioned below: Forming,in this stage I meet with a member of team in order to achieve objective in timely manner. Herein, I as well as other member of team not clarified regarding their role as well as responsibility towards them. Therefore, it depends upon the leader who provides us guidance regarding achieving goals as well as objective in timely manner. Stormingin second level, the other member of team emphasised on resolving internal conflicts and grievances that help in achieving favourable outcome in future period of time. It is determined as a challenging condition for me to implement appropriate decisions taken by low level of coordination as well as mutual understanding. In this stage, it help me in increasing the understanding level that assist me in resolving different kind of problems related to interpersonal relationship and perform different work in an appropriate manner. Normingin this stage, I and member of team make appropriate decisions related to task that help in achieving goal in timely manner. In addition to this, the team discussed with each other that help in increasing understanding level in future period of time. Performingdue to enhancing feeling related to cooperation with one another that help in achieving success in future period of time. By providing contribution related to assigning task on basis of capability and competence of member of team. This is determined as a transition stage in which efforts is made for fulfilling purpose related to project. Adjourningthis is determined as a level where the focus is on completing the project and team get separated after attaining their objective. In this stage, I was quite emotional because
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I am focusing on maintaining proper connection with member of team which is helpful in my career progression and development. CONCLUSION On the basis of above given assignment, it is assessed that individual person required to improve skill on regular basis and executing different task in an appropriate manner. There are various skill that help mesuch as communication skill, problem solving skill that help me in increasing experience level by using regular practice during particular phase of time period. Moreover there is the personal reflection that provides support in improving personal skill which is covered in assignment.