Business Finance Assignment Sample (Doc)
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Added on 2021-04-17
Business Finance Assignment Sample (Doc)
Added on 2021-04-17
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Running Head: Business Management1Project Report: Business Finance
Business Management2ContentsIntroduction.......................................................................................................................3Company overview...........................................................................................................3Research problem.............................................................................................................3Literature review...............................................................................................................4Industry and company research........................................................................................6Models and theories:.........................................................................................................7Tows Strategy:..............................................................................................................77sFramework................................................................................................................9Findings and summary....................................................................................................11Conclusion......................................................................................................................12References.......................................................................................................................13
Business Management3Introduction:The report explains about the management issues in AURECON. It explains about thevarious management issues in the organization and few strategies and techniques to resolve those issues. For solving the management issues and challenges, various new management thoughts have been studied and determined. The report explains about the various studied of managers and the solution for the management issues in the organization. Firstly, the researchproblem has been evaluated and on the basis of research question, various management theories and management thoughts have been studied. Further, industry and company research has also been done. For solving the management issues, tows Blue Ocean and 7s framework has been evaluated. Company overview:AURECON Singapore is a private company which is owned by a trust. It is an engineering, planning, design, project management and company consultation company in Australia and South Africa. Company has been founded in 2009 and 7500 people are employed by the organization. Currently, company is offering its services in 27 countries through 80 offices. Key people of the company are Teddy Daka, Giam Swiegers. Total turnover of the company is Australian $ 820 million dollar. The organization provides the consulting services in various areas such as water resources and supply, purification, heavy engineering, structure and building, infrastructure services, roads, transportation and environmental science. Research problem:The research problem of this paper is that how the company could attract skill labour in relation to be more competitive and advanced in market. The research paper concentrates
Business Management4on the management challenges and the issues in the organization and it briefs that how the problem could be resolved? Literature review:Ball (2014) has explained into his study that skilled labour enhances the productivity of a business. Skilled labour is the main key for innovation and growth of a company by generating the new knowledge, supporting the firm to identify the business opportunity, by developing the incremental operations etc. Powell, (2003) explains that skilled labour is highly educated people who have graduated a territory level of education. Further, Azhar, Farooqui and Ahmed, (2008) explains that the skilled labour is a segment of labour which specialize training, know-how to carry out more mental or physical task than the routine job operations. Bilginsoy, (2003) explains further skilled labour is quite essentially for global competitive world. In developing countries and developed countries, organizations are looking forward to hire skilled labour so that their productivity could be managed. Future various rapid changes would take place in the market of skilled labour. Currently the requirement of skilled labour is quite higher in the market. Skilled labour manages the productivity of the business (Tabassi and Bakar, 2009). Skilled labours are generally higher paid; more trained and have more duties and responsibilities than unskilled labour. In Singapore market, it has been evaluated that skilled labours are required for the market to manage the performance and the position of the company (Azhar, Farooqui and Ahmed, 2008). Skilled labour is competitive for a company to set a position in the market. Further, it explains by Fugar and Agyakwah-Baah, (2010) that the skill requirements of organizations and jobs are changing rapidly and basically, the employer is determining the changes in the job profile. Though, it has been evaluated that the employer determines the skill requirements of a job (Abdul-Rahman et al, 2006). A job could be done in better way by
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