Managing Communications, Knowledge and Information in Posh Nosh Limited : Report
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Added on 2020-06-03
Managing Communications, Knowledge and Information in Posh Nosh Limited : Report
Added on 2020-06-03
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Managing Communications,Managing Communications,Knowledge and InformationKnowledge and Information
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Range of decisions to be taken..............................................................................................11.2 Needed information to take effective decisions....................................................................11.3 Internal and external sources of information........................................................................21.4 Recommendations for improvements...................................................................................2TASK 2............................................................................................................................................32.1 Identification of stakeholders for decision making...............................................................32.2 Establishment of business relationship.................................................................................32.3 Involvement of identified stakeholders in decision making process....................................32.4 Strategy for improvement.....................................................................................................4TASK 3............................................................................................................................................43.1 Existing process of communication......................................................................................43.2 Ways to improve communication process............................................................................53.3 Implementation of improvements by integration of communication systems......................53.4 Personal plan to improve communication skills...................................................................5TASK 4............................................................................................................................................64.1 Existing approach for collection, formatting, storage and dissemination.............................64.2 Changes in collection, formatting, storage and dissemination..............................................64.3 Implementation of strategy to improve access of information systems................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8..........................................................................................................................................................8
INTRODUCTIONExchange of informations is essential for an individual to express their feelings to others,a company is also consider as a livelihood person so it is essential also for in organisationalstructure to make a proper internal and external communication. This repaort is based on thePosh Nosh Limited which is a retail food restaurant (Coombs., 2014). This report is based on theinitial decision which are taken by an individual to start his business in retail sector. It willprovide list of sources where by information can be can get. It will provide different decisionmaking process and methods to set business relationships with stakeholders. It will providecommunication process which can be used by in organisation. Also gives details collection,formatting, storage and dissemination approaches of information which can help to a company touse data and information in a better way for long time. TASK 11.1 Range of decisions to be takenEffective decisions can determine the success of a business so it is essential for anentrepreneur to take a better decision before starting his business in a new market. As Posh Noshis working in the food industry which is having a huge scope to generate profits (Argenti.,2015). Now it is essential for them to take effective decisions by which they can ensure theirsuccess in new market. Some of the important factors are here on which they have to makedecisions;Targetmarket: They have to select a target which has a potential to deliver them appropriateprofits against their investment so they have to use their informations to analyse differentmarkets and select a best suitable market. Investment: It is an another big issue or point on which they have to make a proper investigationby using their sources to invest sufficient finance and human resources to deliver their servicesfor targetted customers. 1.2 Needed information to take effective decisionsIt is essential for the entrepreneur and an organisation that they use an authenticinformation to take decision either they can take a negative decision against to their needs.Examination can be based on the needs of starting business (Crane. and Matten., 2007). As PoshNosh wants to start their business in a new geo graphical market so it is essential for them to use1
effective information which can help to them to make a successful implementation of business inthe starting. Technological change is leading in all sectors so it is essential for the organisationthat they have to use latest technology in food making and delivering by which they can make abetter placement of services in their targeted market. So they have to gather informations whichare related to technological changes and betterment in this field to implement these in to newbusiness openings, so these type of informations can help to them to take a effective decisions inimplementation. 1.3 Internal and external sources of informationIt is essential for the organisation to use both type of informations which are related tointernal and external environmental (Dodd., 2007). As Posh Nosh Limited is having anexperience of this sector so it is essential for them to use their internal informations in a betterway, some of the internal sources are here;Accounts: By this they can get purchase related information which can help to them todetermine how much they have to spent monthly for a particular targeted return of profits. Alsothey can get many types of financial information regarding to investment. External sources of information: Government synthesis: By this they can get information about population density in theirparticular targeted area by which they can invest enough finance and human resource to providea better service to their targeted customers. Websites: Many websites are available on internet by which they can get information which canhelp to them to develop a better business strategy against to those organisation which areworking in the same market in that particular targeted market. 1.4 Recommendations for improvementsIt is essential for the organisation to make a proper analysis ion decisions making bywhich they can make a better implementation of business in actual conditions. Analysis ofinformation before starting business can help to them to formulate a better business strategywhich can help to them to successfully implement business in the targeted market (Du.,Bhattacharya and Sen., 2010). They have to use more relevant informations from their internalsources, informations from external sources can be fake which can derive them to take a wrongdecisions. Another thing is that company has to analyse all informations on the basis of realisticdata by which they can implement a better change in their decisions making. 2
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