New Advances in Business Management

This assignment delves into contemporary business advancements, focusing on areas like technology integration (CRM), communication strategies, and employee/customer motivation. It examines how businesses leverage tools and methods to enhance operational efficiency, improve customer satisfaction, and foster a positive work environment. The framework explores the importance of centralized values, customer service orientation, and HR policies in achieving success.

New Advances In
Business

TABLE OF CONTENTS
INTRODUCTION...............................................................................................................................2
FRAMEWORK...................................................................................................................................2
METHODS..........................................................................................................................................3
RESULTS.............................................................................................................................................3
DISCUSSION.......................................................................................................................................4
CONCLUSION....................................................................................................................................4
REFERENCES....................................................................................................................................5

INTRODUCTION
In modern era the businesses are having great opportunities in context to international
expansion. By having an improved focus on diverse changes the businesses are attaining
advancement in business activities. Companies are more focused towards understanding of
employee motivation and customer retention. Using technology businesses are advancing the
overall outcome because CRM allows to have better communication. Business management
applications is also significant for businesses because it helps in smooth operations.
Businesses can have improved focus on various programs in order to have continuous
development in the business. It also provides integrated working because it assist in meeting
objectives in desired manner (Hagel and Brown, 2005). Use of integrated tools is also a
concern aspect which helps in advancing the business. It assist in leading business towards
impressive level of success. Cloud computing effectively enables the computing of resources
so that better outcome can be attained. With an assistance of this, information can be shared
with employees and customers.
Application of diverse communication and relationship methods is also essential
because it allows to have improvement in business process operations. Improved focus on
such values the issues can be overcome in desired manner. It has been noticed that by having
an assistance of advancement in working and morale the businesses can easily improve work
conditions in desired manner (Murthy, 2012). Businesses are more focused towards
collaboration, etc so that sustainable opportunities can be attained. It has been noticed that
companies are more focused towards technological use in order to have advancement.
FRAMEWORK
Business have to use advance tools and methods that can help in making
communication more effective. It is the only ways that can support in advancement of
organization. It has been noticed that there are various methods through which better support
can be attained in order to improve working of organisation. Advancement in integrated tools
used in operations allows to create a unique image of the firm (Vaughan, Yang and Tang,
2012). With an assistance of this, global working can be attained effectively in order to have
sustainable development. Apart from this customer centric organizations are taking feedback
from the users so that they can provide them goods and services according to their
requirements. Use of CRM is also an example of technology which advances the work
culture in desired manner.

METHODS
In order to have better outcome methodology section is being taken into account.
Inductive mythology is being employed for effective examination of the subject. With an
assistance of this, new advances in businesses can be examined effectively. For better support
to the study interpretivism philosophy has used by the experts. It allows to have effective
accomplishment of objectives by analysing diverse methods (Creswell, 2013). Along with this,
qualitative values are also being considered as a critical aspect in order to study the advances
that business covers. In this respect, responses from employees can be attained. Experts has
also participated in the research so that new advances for business can be examined
effectively. Methodology selected is associated with the course with the help of which study
can be carried out in effective manner. By employing effective method it is possible for
researcher to take fruitful decisions that are associated with method of study and can support
in obtaining expected findings. By having an application of methods the qualitative
information about new advancement in business is being attained in desired manner.
Application of method like descriptive design allows to collect better information.
With an assistance of this, research has been carried out in-depth manner. Descriptive
information about the overall outcome can be attained in desired manner (Daniel and Sam,
2011).
Sampling is also referred as critical aspect for the present investigation. In order to
attain better outcome the respondents selected were 25 years old so that they provide
understanding response. Only business professionals were targeted in order to have effective
collection of information. Participants were asked to fill answers of questions so that data can
be analysed in appropriate manner.
RESULTS
On the basis of primary collection, it can be stated that commercial banking sector is
more focused towards application of technology so that overall process of working can be
advanced in critical manner. With a use of CRM the businesses are focused to improve
employee retention and customer satisfaction. As respondents were collected, 70 percent of
businesses are focused towards centralised values in order to improve work standards
(Fleisher and Bensoussan, 2015). Along with this, customer services standards valuation is
also mainly referred by the organisations for continuous improvement in process. Use of
methods is also beneficial to improve sales and control operational cost. However, 50 percent

of business owner’s percept that advancement in strategies is also essential for continuous
development of business.
DISCUSSION
According to overall investigation outcomes of both primary and secondary research,
it can be said that Mandovi Motors is well focused towards application of motivational
techniques. It agrees to have development in operational process so that goals and objectives
can be accomplished effectively. By having an consideration of primary and secondary
investigation it can be said that application of diverse factors that improve work environment
is also essential because it allows to have improvement in business process operations
(Chesbrough, 2013). By having an developed emphasis on such values the issues can be
overcome in desired manner. Advancement in HR policies allows to create a unique image of
the firm. With an assistance of this, global working can be attained effectively in order to
have sustainable development.
CONCLUSION
From the above research, it can be said that new advances in business lead
organisations to impressive level of success. By having an effective application of diverse
strategies and motivational methods the advancement can be taken into account. Use of CRM
is also essential to advances the work culture in desired manner. Business have to use
advance performance improvement measures that can help in making communication more
effective. It is the only ways that can support in advancement of organization.

REFERENCES
Björkdahl, J., 2009. Technology cross-fertilization and the business model: The case of
integrating ICTs in mechanical engineering products. Research Policy. 38(9). pp.1468-
1477.
Chesbrough, H., 2013. Open business models: How to thrive in the new innovation
landscape. Harvard Business Press.
Creswell, J. W., 2013. Qualitative, Quantitative, and Mixed Methods Approaches. 4th ed.
SAGE Publications, Inc.
Daniel, S. P. and Sam, G. A., 2011. Research Methodology. Gyan Publishing House.
Fleisher, C.S. and Bensoussan, B.E., 2015. Business and competitive analysis: effective
application of new and classic methods. FT Press.
Hagel, J. and Brown, J., 2005. The Only Sustainable Edge: Why Business Strategy Depends
on Productive Friction and Dynamic Specialization. Harvard Business Press.
Murthy, V., 2012. Integrating corporate sustainability and strategy for business performance.
World Journal of Entrepreneurship, Management and Sustainable Development. 8(1).
pp.5 – 17.
Saunders, M. et. al., 2006. Research Methods for Business Students, Harlow: Prentice Hall.
Vaughan, L, Yang, R. and Tang, J., 2012. Web co-word analysis for business intelligence in
the business environment. Aslib Proceedings. 64(6). pp.653 – 667.
Article
Ganesh, A., 2013. Understanding relationship employee motivation and customer retention.
Department of business administration. pp. 12-30.