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Managing Communication INTRODUCTION 3 TASK 13 1.1 Range of decisions required at the start of business 3 1.2 List of stakeholders involved in decision-making procedures 5 2.1 Methods used to develop g

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Added on  2019-12-03

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Different internal and external sources of information 4 1.3 Recommendations for improvement 5 2.1 List of stakeholders involved in decision-making procedures 5 2.2 Methods used to develop good relationship with stakeholders 6 2.3 A plan to involve the identified stakeholders in decision-making process 7 2.4 A strategy for future improvement in business 7 TASK 28 3.1 The existing communication system of small political activist8 3.2 Ways to improve present communication system9 3.3 Further improvements to ensure data integration10 3.4 Personal plan to improve own communication 10 4.1 Existing approaches for

Managing Communication INTRODUCTION 3 TASK 13 1.1 Range of decisions required at the start of business 3 1.2 List of stakeholders involved in decision-making procedures 5 2.1 Methods used to develop g

   Added on 2019-12-03

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Managing Communication
Managing Communication INTRODUCTION 3 TASK 13 1.1 Range of decisions required at the start of business 3 1.2 List of stakeholders involved in decision-making procedures 5 2.1 Methods used to develop g_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Range of decisions required to be taken at the start of business............................................31. Different internal and external sources of information............................................................41.3 Recommendations for improvement......................................................................................52.1 List of stakeholders involved in decision-making procedures...............................................52.2 Methods used to develop good relationship with stakeholders.............................................62.3 A plan to involve the identified stakeholders in decision-making process............................72.4 A strategy for future improvement in business .....................................................................7TASK 2............................................................................................................................................83.1 The existing communication system of small political activist.............................................83.2 Ways to improve present communication system ................................................................93.3 Further improvements to ensure data integration................................................................103.4 Personal plan to improve own communication ...................................................................104.1 Existing approaches for collection, storage of information.................................................114.2 Required changes in existing approach................................................................................114.3 Implementation of strategy to improve information system ...............................................12CONCLUSIONREFERENCES..............................................................................................................................132
Managing Communication INTRODUCTION 3 TASK 13 1.1 Range of decisions required at the start of business 3 1.2 List of stakeholders involved in decision-making procedures 5 2.1 Methods used to develop g_2
INTRODUCTIONManaging communications is systematic procedure of preparing plans, employing,monitoring and review of all the channels of communication within an business enterprise. It is aprocedure through which manager of organization manages communication systems, directcommunications, group discussions, team meetings and presentations. The advantage ofmanaging communications is that it assists in accomplishing the desired goal within the providedtime frame (Birdwhistell, 2010). Thereafter, it facilitates exchange of information, ideas,knowledge within the organization. In present report, the significance of managingcommunication within retail industry has been explained. Further, with the help of different casestudy various aspects of managing communication will be explained. In the present report,sources of information, methods used for collecting, storing and distribution of information willbe detailed out. TASK 11.1 Range of decisions required to be taken at the start of businessThere is range of business decisions that management of political activists is required totake before starting any new business. The explanation of which is as follows:Source of finance: Starting up new enterprise requires large amount of funds therefore,manager is required to identify the available source s of finance. Thereafter, entrepreneurhas to decide which source of finance he want to chose and how much amount he wantsto borrow (Types of decision making, 2015). Location of business: It is important decision by which entrepreneur have to decide thelocation of new enterprise. The location will provide a identity to business and will helpin expanding business operations. Type of business: It is a significant decision where owner decide the type of business hewants to start. In this respect, owner can start new business from the beginning, orpurchase a existing company and give its own name. Thereafter, owner can opt forfranchise. This decision should be taken wisely as wrong selection of type may result intofailure of business. 3
Managing Communication INTRODUCTION 3 TASK 13 1.1 Range of decisions required at the start of business 3 1.2 List of stakeholders involved in decision-making procedures 5 2.1 Methods used to develop g_3
Further, for effective decision making, entrepreneur requires contrasting skills andknowledge. Therefore, owner requires critical thinking ability to evaluate the consequences ofdifferent functions. In addition to this, analytical skills are required to solve business problems.Thereafter, decision-making skills are needed to make sound business decisions. The properknowledge, skills and qualification will lead to the success of new retail organization. 1. Different internal and external sources of informationIn order to operate business smoothly the management of company needs differentexternal and internal sources of information which is described below: Internal informationFinancial information: It is vital information that defines the financial aspects oforganization. It shows the financial performance of business in market. This informationinvolves the cost of product, salary of staff, income and expenditures of company, taxpaid to government etc. This information further help the management in makingimportant business decisions (Sources of information, 2015). The financial informationafter auditing is more reliable and suitable as it passes through many scrutiny checks byauditors. However, some data can be manipulated by dishonest employees therefore;financial information before auditing cannot be considered to be much reliable. Personal and management information: It represents the information of employeeswhich is taken while appointing staff. It involves personal details, career information,qualification, skills and achievements. This information will help in maintaining theemployee database within company. Many a times, some personal information isconcealed by employees like sickness, crime record, etc. Therefore, personal informationprovided by employees itself cannot be considered to be much reliable. To avoid thisissue, reference check can be conducted before doing final selection of candidate. External informationGovernment information: It is crucial information which is furnished to government toensure the lawful operations of company. This information states that company isoperating ethically and legally. This type of information can be obtained from secondarysources like government website, newspapers, etc. The information from such sources are4
Managing Communication INTRODUCTION 3 TASK 13 1.1 Range of decisions required at the start of business 3 1.2 List of stakeholders involved in decision-making procedures 5 2.1 Methods used to develop g_4

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