Portfolio of Evidence for Block House Development Company
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This portfolio of evidence discusses the issues faced by Block House Development Company and provides possible solutions. It includes a meeting agenda, communication style, and PowerPoint presentation.
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TASK 2: Portfolio of evidence
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PART A: Preparing for a meeting.....................................................................................................2 PART B: Meeting role play..............................................................................................................12 PART C: Minutes, Summary and self-reflection............................................................................12 REFERENCES..................................................................................................................................16
PART A: Preparing for a meeting 1.Identify who can assist in the resolution of the problems BHD are facing and who else needs to be involved and informed by completing the following: (a)Describe how each of the team members can contribute to resolving the problems BHD are facing. ï‚·Marketingmanagerandhisteamcanworkonmakingattractivemarketing strategies which could help BHD in gaining tenants. ï‚·Financial manager can look into the past bills and figure out the defaults which occurred. ï‚·Operation manager can make a proper plan for the construction of swimming pool and a gym. 2.Formulate your own personal position for each of the problems by completing the following: (a)Based on the information provided in the case study, list 2 other stakeholders you can consult with. On viewing the above information and analyzing the problems faced by the company which are also mentioned above, I feel that customers and the employees of BHD will be the two stakeholders from whom I would like to consult because both of them will always be highly affected by the actions and policies of the company. (b)List 3 questions you can ask the salespeople to help you determine your position about the problem of low room occupancy. There can be many reasons to low room occupancy issue but as we know the company is going in high debt, teams must gear up their work and start questioning themselves about the current scenario. They must analyze and realize the mistakes they have made so that they are not repeated. 3 questions which could be asked from the salespeople regarding the low room occupancy are about ï‚·Have they reviewed the problem and what is their conclusion.
ï‚·The modes or platforms of marketing they opted earlier. ï‚·About their past marketing strategy and what changes are they planning to make which could change the current situation of the company. (c)What are 2 reliable sources where you can get advice on the legal implications of telling the tenants that a gym and swimming pool will be provided and later deciding not to. As mentioned above, the company promised that they will provide the facilities to all the tenants and then later on decided not to build it due to financial crisis, so, in such cases the tenants can take legal advices regarding breaching of contract because in this situation it clearly shows that the company is working against the contract andcan also file a complaint with central consumer protection authority against the company for conveying wrong description about their service. (d)explain your position and a supporting argument for each one. Negotiation Plan 1 ProblemsMy PositionSupporting Argument No incentives for sales team Marketing managerIf the company is not providing any marketing incentives to the team, how will our team be able tousemotivationaldevices whichcouldhelpusin promoting the services. Noadvertising/ marketing plan Marketing managerThecompanydoesnothave enough budget because of which themarketingteamcouldnot use all the marketing strategies and different platforms. Nogym facilities/ Operation managerEarlier it was decided to build the swimming pool and provide
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swimming poolgym facilities for the tenants but after a year, company had very lowrevenuesleftandwasn’t able to afford to build all those facilities because of which they also had to take loan. High interest debtFinancial managerDue to low occupancy, company didn’t get enough profit because of which they weren’t able to afford to build all the facilities whichwerepromised.Asthe yearpassedby,companyhad very low revenues left because of which BHD had to take a loan to cover its operational costs. 3.For each of the problems, explain the position that the relevant team members are likely to hold. The relevant team members are in brackets in the problem’s column. Negotiation Plan 2 ProblemsTeam Members’ Positions No incentives for sales team (Marketing) Marketingteammembersincludechiefmarketingofficer, marketing manager, a good strategist, market research expert, good analyst, copywriter, content marketer, social media manager, SEOspecialist,digitalmarketingmanager,projectmanager, financial analyst and public relations team. The joined efforts of all these members of the marketing team can help an organization to achieve more sales. Noadvertising/ marketing plan Marketing is very important to get good potential customers and for this the whole team has to make different strategies and plan
(Marketing)different ways to send a word to the consumers. The team involves of achief marketing officer, marketing manager, a good strategist, marketresearchexpert,goodanalyst,copywriter,content marketer, social media manager, SEO specialist, digital marketing manager, project manager, financial analyst and public relations team. Nogymfacilities/ swimmingpool (Operations) Operationsteamhastolookafterthemaintenanceofthe infrastructure and try to resolve the problems of the tenants. They includeITguy,financespecialist,architecture,techsupport, maintenance team etc. High interest debt (Financial) It’s the responsibility of the whole finance team to work hard and proper budget. It’s not an easy task hence a strong team is required. The team of the finance department includes accountant, attorney,agent,financialplanner,investmentmanagerand financial advisor. 4.For each of the problems, consider how they may be resolved. a) Describe at least one possible solution for each problem. Negotiations 3 ProblemsPotential Solutions No incentives for sales team (Marketing) A company must make proper budgets for every department and stick to them only. We all understand the importance of sales for a business hence the budget for marketing team must be high. Within a year, there are different seasons when the sales are at its peak, company must identify them and must be prepared for providing the right amount of incentives to their team so that they can work efficiently on their strategies. Noadvertising/ marketing plan For any company, it is very difficult to generate sales without marketing because it is a best way to reach out to the potential
(Marketing)customerswhomightbenefitthebusiness.Goodmarketing strategies must be followed. A company must identify their target consumers and must try to reach out to them in all the ways. Marketing must be focused on all grounds. Nogymfacilities/ swimmingpool (Operations) As it is mentioned above in the context, some facilities were initially promised to the tenants but weren’t fulfilled due to cost involved. Such fake promises made by a company are not at all appreciated by anybody. This step will also affect its reputation and they might also lose some tenants. If a company is going through hard times, they must conduct a meeting where they must openly discuss the topic with the tenants and must tell them the reasons of not responding to them earlier. The company must try to make strong and well-planned financial strategy and then try to build all the facilities as they promised. High interest debt (Financial) Every problem which a company faces is directly or indirectly related its finances. The company must build a strong financial structure and budgets right from the beginning. If this would have happened, the company could have avoided the circumstances and the need of taking such a high interest loan. Now the company must utilize the loan amount in a proper strategic manner. They must fix the budgets and must try to build all the facilities which they promised earlier to the tenants. b)Prepare a PowerPoint presentation of your possible solutions for use in the meeting. Have one introductory slide and one slide for each problem/solution. Upload your slides with this completed assessment. Introduction Blockhousedevelopmentisrealstatedevelopmentcompanywhichprovides affordable accommodation services or students. Respective organisation become market leader within student recommendation. In addition to this, presentation will be going to conduct discussion related to issues which BHD company is facing. With this, solution also given related to the problem of Block House developments.
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Slide one problem There are some major issues which Block House development real state development company is facing. These are mention below :- No incentives for sales team No advertising / marketing plan No gym facilities / swimming pool High interest debt Slide two solution It is important for Block house development company to find major solution of all these issues they are facing because this will help them in gaining several advantages in more effective manner. Solution related to each potential issues are mention below :- No incentives for sales team - Block house development companymust make proper budgetsforeverydepartmentandsticktothemonly.Weallunderstandthe importance of sales for a business hence the budget for marketing team must be high. Within a year, there are different seasons when the sales are at its peak, company must identify them and must be prepared for providing the right amount of incentives to their team so that they can work efficiently on their strategies. No advertising / marketing plan -ForBlock house development company, it is very difficult to generate sales without marketing because it is a best way to reach out to the potential customers who might benefit the business. Good marketing strategies must be followed. A company must identify their target consumers and must try to reach out to them in all the ways. Marketing must be focused on all grounds. No gym facilities / swimming pool-As it is mentioned above in the context, some facilities were initially promised to the tenants but weren’t fulfilled due to cost involved. Such fake promises made by a company are not at all appreciated by anybody. This step will also affect its reputation and they might also lose some tenants. If a company is going through hard times, they must conduct a meeting where they must openly discuss the topic with the tenants and must tell them the reasons of not responding to them earlier. The company must try to make strong and well- planned financial strategy and then try to build all the facilities as they promised.
High interest debt -Every problem whichBlock house development companyfaces is directly or indirectly related its finances. The company must build a strong financial structure and budgets right from the beginning. If this would have happened, the company could have avoided the circumstances and the need of taking such a high interest loan. Now the company must utilize the loan amount in a proper strategic manner. They must fix the budgets and must try to build all the facilities which they promised earlier to the tenants. Slide three conclusions Aftergoingthroughentirediscussion,ithasbeenconcludedthatBlockhouse development company is facing issues because they promise wrong to tangents regrading gyms and swimming pool which they didn’t provided to students later on. This is the reason that occupancy of their accommodation gets reduce as well as they are not able to provide sale incentives to sales team. 5.Describe the communication style that you plan to use in the meeting and explain why you chose this. Communication style is that through which information as well as important data will share with each and every employee in organisation within effective manner. Although, it is important to select appropriate communication style for sharing information with each and everyindividualinvolveinorganisationactivities.Therearemainlyfourstypeof communicationstylessuchaspassive,aggressive,passive-aggressiveandassertive. Explanation are as follows :- Passive – person who use passive communication style act differently and yield to others. In addition to this, passive communicators generally get fail in expressing their feeing, need and allow other to express themselves. Passive communicators frequently show an absence of eye to eye connection, helpless body act and a powerlessness to state "no." Passive communicators additionally act such that states "individuals never think about my emotions." Aggressive – Aggressive communication style is underlined by talking in an uproarious and requesting voice, keeping in touch and overwhelming or controlling others by accusing, scaring, condemning, compromising or assaulting them, among differentcharacteristics.Forcefulcommunicatorsregularlyissueorders,pose
inquiries inconsiderately and neglect to tune in to other people. Passive-aggressive–Passive-aggressivecommunicationstyleclientsseem uninvolved on a superficial level, yet inside the person in question may feel weak or stuck, developing a disdain that prompts fuming or carrying on in unpretentious, backhanded or mystery ways. Uninvolved forceful communicators are destined to speak with non-verbal communication or an absence of open correspondence to someone else, for example, giving somebody the quiet treatment, spreading gossipy titbits behind individuals' backs or undermining others endeavours. Uninvolved forceful communicators may likewise seem agreeable, however may quietly be doing the inverse. Assertive-Thoughttobethebesttypeofcorrespondence,theconfident correspondence style includes an open correspondence interface while not being tyrannical. Decisive communicators can communicate their own needs, wants, thoughts and sentiments, while additionally thinking about the requirements of others. Confident communicators focus on the two sides to win in a circumstance, offsetting one's privileges with the privileges of others. 6.Based on the Negotiations Plan, compile a final meeting Agenda using the template provided below. Make sure that you allow enough time for each participant to first present their solutions and answer any questions from the other managers (5 min each). MEETING AGENDA Meeting name:Block house development company issue resolving Date and Time:20thOctober 2020 and 12:am Location:Conference hall of company Purpose statement:Resolving issues whichBlock house development company is facing Agenda itemPresented byDuration 1. Solution PresentationsAll5 minutes
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2. It is responsibility of marketing manager to do promotion as well as marketing of accommodation services in market area. Because this will help in grabbing attention of several people in effective manner. Marketing manager5 minutes 3.Financialmanagerhavetomanage resources and funds in appropriate manner because by managing funds debts will get reduce and company will able to conduct activities in effective manner. Finance manager5 minutes 4. Operation manager have to make sure that what they are promising to tenants should have to be provided by them. Operation manager5 minutes Supporting Documents: 7.Prepare an email that you will send to the team members to invite them to the meeting. In the email, make sure that you include the following: ï‚·A brief introduction to the situation ï‚·Authority provided to you by the General Manager ï‚·The need for and purpose of the meeting ï‚·A summary of the key issues ï‚·An invitation to the meeting with date, time and venue To:General manager Cc:Other team members Subject:Meeting discussion Respected sir,
This is to inform you that mail is written to provided information regarding meeting as well as purpose of conducting meeting is to resolved issues which company is facing. Main issues are mention below with respective solution which will going to be discuss in meeting for effective results :- No incentives for sales team -A company must make proper budgets for every department and stick to them only. We all understand the importance of sales for a business hence the budget for marketing team must be high. Within a year, there are different seasons when the sales are at its peak, company must identify them and must be prepared for providing the right amount of incentives to their team so that they can work efficiently on their strategies. No advertising / marketing plan -For any company, it is very difficult to generate sales without marketing because it is a best way to reach out to the potential customers who might benefit the business. Good marketing strategies must be followed. A company must identify their target consumers and must try to reach out to them in all the ways. Marketing must be focused on all grounds. No gym facilities / swimming pool-As it is mentioned above in the context, some facilities were initially promised to the tenants but weren’t fulfilled due to cost involved. Such fake promises made by a company are not at all appreciated by anybody. This step will also affect its reputation and they might also lose some tenants. If a company is going through hard times, they must conduct a meeting where they must openly discuss the topic with the tenants and must tell them the reasons of not responding to them earlier. The company must try to make strong and well-planned financial strategy and then try to build all the facilitiesas they promised. High interest debt -Every problem which a company faces is directly or indirectly related its finances. The company must build a strong financial structure and budgets right from the beginning. If this would have happened, the company could have avoided the circumstances and the need of taking such a high interest loan. Now the company must utilize the loan amount in a proper strategic manner. They must fix the budgets and must try to build all the facilities which they promised earlier to the tenants. Kindly approve all these so that we can discuss it in meeting as well as further work on it for
gaining better results. Thank you 8.List 3 types of information that may be subject to confidentiality and describe how you will manage that information in the meeting and in any correspondence or presentations to staff, management and/or other stakeholders. There are some confidential information and that should be manage in proper manner while conducting meeting as well as that should be share with management, stakeholders andstaffmembers.Although,these3typesofinformationincludeemployee’s information, management information and business information. PART B: Meeting role play 9.Conduct a role play of the meeting with 2 members from your class. Each member will select one of the following roles making sure that all 3 roles are selected: Marketing Manager. Responsible for designing and executing a marketing plan, managing the sales team and increasing the number of tenants. Financial Manager. Responsible for managing and controlling spending and putting in place strategies to ensure the long-term financial viability of the business. Operations Manager. Responsible for maintenance of buildings and infrastructure, customer service and solving complaints from tenants. Operation manager:Good morning everyone! Finance manager:Good morning sir. Marketing manager:Good morning. Operation manager:As we all are aware of the condition from which BHD is going through, it’s getting very difficult to calm the tenants and make them understand our point. I even heard some tenants talking about making a legal complaint against us. It’s high time we must discuss and get to some conclusions. Finance manager:Yes! You are right sir. I have been talking to my team and trying
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to figure out the unnecessary expenses. We will have to make fix budgets and work strictly according to them. Marketing manager:Sure sir, but it’s very difficult to advertise in small budgets. My team is unable to approach the potential clients on bigger platforms due to which we are unable to increase the occupancies. So, I would suggest to provide proper incentives to my department for effective functioning. Finance manager:You have a valid point sir but our company is already in debt, it will be very difficult to increase the budget for marketing but still I will look into it and will try to make it work. I would really suggest you to explore few more ways of effective marketing in small budgets. We can also use digital platforms, many of them allow free marketing or at low prices. Marketing manager:Yes sir, we will be working on few new marketing strategies and will look for some more digital platforms. Operation manager:Marketing is important but we must also find some solutions of the complains regarding providing the swimming pool and gym facilities. Tenants are becoming very restless now. Marketing manager:Have you conducted any meeting or talked to any one of them in personal? Operation manager:I have talked to few of them and tried to explain them the condition but still they aren’t ready to listen and understand our point. Some tenants are also planning to leave the property, if they do so , our occupancies will further decrease. Marketing manager:I see. I think we must conduct a proper meeting and discuss the matter in front of all the tenants so that everyone could understand each other’s point. Operating manager:I will talk to them and try to fix up a date for the meeting. We must also start planning to either built the facilities or to provide them some alternative solutions. Finance manager:We will have to look into our budgets and start planning about building the facilities, I guess that will be the much better option rather than finding any alternatives. This will also attract the outsiders and the people who are already living, will also get happy and will continue their stay with us. Marketing manager:Yes, we have shown the swimming pool and gym facilities in our advertisements also, so it’s very important to start thinking about building them
up. Many clients visit our property but then they change their mind, it gets very demotivating to see the absence of promised facilities within the premises therefore these facilities will also help us in increasing our occupancies. Operating manager:Okay! I will start planning about it too. We will tell the tenants that we are planning about it and will start working on it within no time. Finance manager:Yes, convincing them will also stop them from taking any legal actions against us. So that problem will also get solved automatically. Marketing manager:I agree. Finance manager:Okay so we will keep each other updated. Marketing manager:Sure. Operating manager:Yes sir. Finance manager:Thank you! PART C: Minutes, Summary and self-reflection 10.Once the meeting has been concluded, complete the minutes to the meeting using the template provided below. Make sure that you provide an accurate summary of the discussion and the conclusion of the meeting. Also make sure that you provide a list of action points necessary for the implementation of the solutions you identified. Meeting Minutes Meeting title: Date:20thOctober 2020 Time:12:00 amMeeting location: Company conference hall Purpose of meetingResolving issues which Block house development company is facing AttendeesStaff members, management and stakeholder of company DiscussionThis discussion will be related to sales team incentives, services not provided to team members and many more.
ConclusionBy implementing marketing practices companies will able to manage things in effective manner as well as gain positive outcomes. Action PointsConduct marketing of accommodation services as well as make tenants contract in which information which mentioned has to be related with services providing by them only. 11.It is important to let the tenants and internal staff know what the company position is about the swimming pool and gym facilities. Complete the following. (a)Prepare a written notice to the tenants to explain the agreed position and actions regarding the gym and swimming pool. Hello, This message is to inform you all that we promise to give gym and swimming pool facilitiesinaccommodationservices.Butwhichisnotpossibleasoccupancyof accommodationisnotfulfilledduetowhichweareinloss.Hoeyouguysare understanding our situation and soon we will try to provide you gym and swimming services. Till that please corporate with us because it is important for us and we fulfil all promises asap. Thank you (b)You want to personally present this to staff and management. Describe 3 forums you can use to do this and select what you consider to be the best forum for this situation. Making contract of tenants which involve each and every information related to services will be best forum. 12.Reflect on the discussions you had with your teammates in the role play by answering the following: (a)What have you learned about your personal communication style? How do you think it impacts on your ability to communicate in the workplace? Personal communication will be effective as it provide assistance in effective management
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of things in appropriate manner and also help in conducting each and every activity effectively. (b)What communication styles did the other team members display in the role play? How do you think it impacts on their ability to communicate in the workplace? Assertive to be the best type of correspondence, the confident correspondence style includesanopencorrespondenceinterfacewhilenotbeingtyrannical.Decisive communicators can communicate their own needs, wants, thoughts and sentiments, while additionally thinking about the requirements of others. Confident communicators focus on the two sides to win in a circumstance, offsetting one's privileges with the privileges of others. (c)Based on what you have learned in this unit, what are 3 ways you can adapt your communication style in the workplace to communicate more effectively? You can select 3 attributes from other communication styles. Communication style is that through which information as well as important data will share with each and every employee in organisation within effective manner. Although, it is important to select appropriate communication style for sharing information with each and everyindividualinvolveinorganisationactivities.Therearemainlyfourstypeof communicationstylessuchaspassive,aggressive,passive-aggressiveandassertive. Explanation are as follows :- Passive – person who use passive communication style act differently and yield to others. In addition to this, passive communicators generally get fail in expressing their feeing, need and allow other to express themselves. Passive communicators frequently show an absence of eye to eye connection, helpless body act and a powerlessness to state "no." Passive communicators additionally act such that states "individuals never think about my emotions." Aggressive – Aggressive communication style is underlined by talking in an uproarious and requesting voice, keeping in touch and overwhelming or controlling others by accusing, scaring, condemning, compromising or assaulting them, among
differentcharacteristics.Forcefulcommunicatorsregularlyissueorders,pose inquiries inconsiderately and neglect to tune in to other people. Passive-aggressive–Passive-aggressivecommunicationstyleclientsseem uninvolved on a superficial level, yet inside the person in question may feel weak or stuck, developing a disdain that prompts fuming or carrying on in unpretentious, backhanded or mystery ways. Uninvolved forceful communicators are destined to speak with non-verbal communication or an absence of open correspondence to someone else, for example, giving somebody the quiet treatment, spreading gossipy titbits behind individuals' backs or undermining others endeavours. Uninvolved forceful communicators may likewise seem agreeable, however may quietly be doing the inverse. Assertive-Thoughttobethebesttypeofcorrespondence,theconfident correspondence style includes an open correspondence interface while not being tyrannical. Decisive communicators can communicate their own needs, wants, thoughts and sentiments, while additionally thinking about the requirements of others. Confident communicators focus on the two sides to win in a circumstance, offsetting one's privileges with the privileges of others.
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