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Introduction to Business Plan PDF

   

Added on  2021-02-19

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Introduction to Business

Table of Contents1. Introduction..................................................................................................................................32. Functional Ares of Bloomsbury Institute ....................................................................................33. Communication in Leadership and Management........................................................................64. Drivers of Globalisation and their impact on businesses.............................................................7Drivers of globalisation impact businesses.................................................................................85. Comparison of styles of Leadership/Management......................................................................86. Conclusion.................................................................................................................................10REFERENCES..............................................................................................................................11

1. IntroductionBusiness is define purchasing and selling of goods and services to satisfied the customersby fulfil there requirements. Many kind of profit and loses are also included in these activities (Allweyer, T., 2016). In this report Bloomsbury Institute is the base company. This organisationprovide business management coerces for students. This institute was founded in 2002 inLondon. In this report focus on the function Ares and hierarchy of management. Beside it whycommunication is in leadership and management. Drivers of globalisation and their impact onbusiness is also discussed in this report and also focus on the compression of leadership style andmanagement.2. Functional Ares of Bloomsbury Institute This organisation is dealing in many sectors and there are different functional are whichprovide different services and help that organisation in target achievement. These differentfunctional are play an important role for Bloomsbury Institute and those are as.Accounting and finance: This department is responsible for all money matters and everyorganisation can not start its business without money. It is the basic responsibility of thisdepartment like how money they have and how much they invest. Budgeting, forecasting,decision making activities are included in this department.

Marketing and Advertising: This department is responsible for branding and effectivemarketing. they introduce there facilities with the society through adverting and promoting therebrand in effective manner (Armstrong and et. at., 2018 ). with the help of these departmentBloomsbury Institute can achieve there target easily. With the help of those departments anorganisation can explore its business. They build strong relationship with there students andserving online lesson for them.Information technology: It has been analysed that mostly organisation depend on ITsector. Bloomsbury Institute is totally depends on this sector because they provide lesson withthe help of computers. This is helpful in website management, network development and supportthere students through providing IT resources which are helpful for them in effective manner.Hierarchy of Management inBloomsbury Institute: According to hierarchymanagement authority of this organisation assigned according to there ranks and they directaccording to there designation. It is important management structure which helpful for themanagement team to devise there works according to there position. With the help of thisorganisation can mange there function smoothly from top to bottom. It is responsible for thegrowth of the organisation. Communication also effect the level of of management and briefdescription of this hierarchy management are as given.

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