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Assignment on Managing Communications, Knowledge and Information

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Added on  2019-12-04

Assignment on Managing Communications, Knowledge and Information

   Added on 2019-12-04

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MANAGING COMMUNICATIONS,KNOWLEDGE AND INFORMATION1
Assignment on Managing Communications, Knowledge and Information_1
TABLE OF CONTENTSINTRODUCTION ...............................................................................................................................3TASK 1.................................................................................................................................................31.1....................................................................................................................................................31.2....................................................................................................................................................41.3....................................................................................................................................................51.4....................................................................................................................................................5TASK 2 ................................................................................................................................................52.1....................................................................................................................................................52.2 ...................................................................................................................................................62.3 ...................................................................................................................................................62.4 ...................................................................................................................................................7TASK 3 ................................................................................................................................................73.1....................................................................................................................................................73.2....................................................................................................................................................83.3....................................................................................................................................................83.4....................................................................................................................................................9TASK 4.................................................................................................................................................94.1....................................................................................................................................................94.2..................................................................................................................................................104.3..................................................................................................................................................10CONCLUSION ..................................................................................................................................11REFERENCES...................................................................................................................................122
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INTRODUCTION Communication process is vital for ensuring successful execution of business operations(Coombs, 2014). Proper interaction between stakeholders is essential for running all the activities ofenterprise in a productive manner. Present report explains about the significance of communicationfor stakeholders of corporation. Importance of decisions that are required to be taken foraccomplishing the desired objectives of enterprise have been mentioned. In addition to this,different kinds of information and knowledge required for ensuring effective decision taking hasbeen discussed. Furthermore, a brief assessment of extrinsic and intrinsic sources of informationand understanding has been done. The report has described about different stakeholders of companythat affect its decision making process. Moreover, some recommendations have been mentioned formaking improvement in the communication process of organization. A strategy is recommended forimproving access to system of knowledge and information in the venture. TASK 11.1Setting a new business venture requires a systematic approach and appropriate planning(Oetzel and et.al., 2015). It is critical that a detailed analysis of external and internal businessenvironment should be done for ensuring growth and success of the business. The new food shopnaming ABC is about to get opened. Different information are required for taking proper decisionsfor the new venture. The management needs to take decision regarding different types ofoperational activities of enterprise. Decisions need to be taken at various levels of organization andsupport of all staff members is critical for making an appropriate action plan (Chambers, 2015).Senior level management is required to take decisions regarding overall objectives of venture.Financial and other investment related judgement are also done by individuals working at seniorlevel. Top management people decides about long term goals of company and strategies forachieving the targets is also formulated by them. All decisions taken at senior management levelcomes under the category of unstructured judgements. Approval of budget and other resources isalso required to be done at this level for opening ABC venture. At middle level management, shortterm strategies are decided for accomplishing long term planning of company. Marketing plan forselling commodities of food shop is developed by the managers that are working at middle levelmanagement. Semi-structured decisions are taken and short term goals are set at this stage whichsupports in achieving long term objectives of the corporation (Nachtergaele and Dauwe, 2014).Employees working at lower level get involved in taking decision for running day to day operationsof the venture. 3
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(Source- Beck, 2012)1.2Opening a new food shop naming ABC requires a critical approach from management sideand proper decisions are needed to be taken for assuring growth and success of the venture(Eisenberg and et.al., 2013). The decisions needed to be taken at management levels like senior,middle and lower. Taking appropriate judgements about business requires some data and it isassertive that owners of new food shop should collect the same so that appropriate decisions can betaken for the venture. Proper information is required about sources of suppliers and cost of productswhich the food shop is taking from them. The middle level managers need to have knowledge aboutfunctioning of various departments. It is essential that they should remain in touch with senior levelmanagement people and also, with the employees that are working at lower level. ABC enterprise isdealing in consumer oriented business and it is critical that detailed information about needs andrequirements of the clients should be identified (Harrison, 2016). It will support in delivery ofgoods as per the requirement of consumers. Legal and regulatory framework formulated by thegovernment needs to be considered so that no unlawful activities would be done at ABC shop.Manpower is the biggest asset for an organization and it is required that management of the ventureshould keep detailed information about them so that their potential should be utilized in an effectivemanner. 4Illustration 1: Decision making process
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