Business Growth Strategies and Portfolio Development

This assignment delves into the world of business growth strategies and portfolio development, highlighting the significance of delivering quality services to customers and innovating products or services to stay competitive. The document provides a comprehensive overview of business management, including case studies and theoretical frameworks, making it an essential resource for students and professionals alike.

REFLECTIVE
ESSAY

Table of Contents
INTRODUCTION..............................................................................................................1
TASK 1.............................................................................................................................1
TASK 2.............................................................................................................................2
CONCLUSION................................................................................................................. 3
........................................................................................................................................ 3
PART 2.............................................................................................................................4
REFERENCES.................................................................................................................6

INTRODUCTION
Before entering into university I was a bit nervous about what subject I must
choose for developing a better and successful career. But then after assessing several
information and future success scope they provide, I decided to opt for Business
management because this provide student an overall development opportunity. The
current report is a reflective essay which includes personal experience while studying
within the university. This assignment is divided into two parts where first task is about
what help me in developing as a learner and second task is about how this learning will
help in approaching future challenges and expectation of university course.
TASK 1
As studying into college brings on several positive as well as negative experience
which support a person in its development and growth for future success. I also move
through several things that has supported me in enhancing my skills and knowledge.
There are number of activities that are performed in this university during my course
which supported me up to a great extend in improving my knowledge. During classroom
lectures we are assigned with a some group work where I had learned about several
new things as in group we generally share our knowledge with one another. This
supported me in increasing my knowledge as by having group discussion I came to
learn about things which are not covered during our classes. Apart from this group work
also supported in developing team work skills and ways to resolve the conflicts that may
arises while working in a group (Uhl and Gollenia, 2016). In addition to this it also
supported me in identifying the common mistakes that are made during work which can
affect the presentation of work done.
Apart from this through group work I also came to know about the way through
which research can be perform in a better way. It also includes different methods
through which relevant information can be collected that support in evidencing the
research work. This help me in learning that what things to be consider while making a
selection of source for collecting information. For completing our group work assignment
we also performed online research for collecting the content related to our topic. This
help us in exploring our knowledge by reading about different facts or information which
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are related with our current topic. This support us in identifying several queries that we
have regarding our topic and then we discussed it with our lecturer. These activities
throughout our course supported me in developing my reading and writing skills as
students are grouped by lecturers for assigning the particular topic to research over and
developing a report over it (Schaper and et. al., 2014). Apart from this it also supported
in developing me as a good researchers and also provide and opportunity to explore or
enhance my knowledge through online learning as well as by share own knowledge
within group. My behaviour regarding these activities always remain positive as I accept
each task as challenge and work more over it to give my best and perform well within
my class. These all supported me in developing an understanding of how to work in a
team and cooperate with others.
TASK 2
Though college brings on several learning and development opportunities for
students, but it is not always be possible for a person to learn things over a first attempt.
I have learned so many things from group work that were assigned by our teacher for
improving our knowledge as well as understanding regarding my course. As group
discussion open up several facts or information which is not possible to cover within a
lecture. This activity help me in developing my reading, writing, researching and team
work skills that will support in my career. But apart from this, I was not able to improve
my presentation skills. Because while working in a group the work was divided among
group members to simplify it and performing in an effective manner. Therefore, I didn't
get a chance to represent a power point presentation regarding the information about
topic. Because of which my hesitation of giving a presentation and speaking up in front
of people still remains the same. This may affect my future performance as I don't have
any knowledge about how to give presentation in front of others which is more
explanatory and informative.
But I have decide to work over it for developing my presentation as well as
communicational skills by taking addition classes for it. I have decided to research
online about how to make a presentation more effective which support in garbing the
attention of listeners. In addition to this I will also attend seminar and other guest
lectures that our university organise for students to develop among them presentation
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and inter personal skill for their career advancement (Burns and Dewhurst, 2016).
These all support in developing presentation skills which is very essential for a
management student as they have to give presentation several time during meeting as
part of their job. Apart from this communication skill is also an essential part of a
management student for getting a better job and performing effectively over it. So in
order to improve it I have decided to take participate other several activities like debate,
group discussion etc. This support in improving the communication skills and also help
in removing the hesitation of speaking up in public (Mariotti and Glackin, 2015). These
both plans will support in improving my presentation as well as communicational skills
which support in dealing with future challenges that may be faced during assignments
as well as task given by lecturers which I required to be present and explained in front
of others.
CONCLUSION
From the above given information it can be conclude that business management
course is a overall development program for a student. This support students in learning
several different skills which support them in career development. These abilities
support them in developing a base for better future and career. It includes reading,
writing, presentation, researching, information gathering, data analysing and
communication skills. These skills support them in presenting their work in an more
efficient manner and also support them in influencing others for working as a team
toward accomplishment of a common goal.
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PART 2
Portfolio Evidence:- How can business grow
The topic selected for the portfolio of evidence is “How can business grow”, as it
is one of the most crucial factor under the concept of business management. This topic
provide a detail explanation about various methods or tactics that a person must use in
order to make its business grow and sustain in competitive environment (Ward, 2016).
The portfolio includes the description of various factors that a company must consider
and try to improve over it by brining some unique ideas for standing apart among rivals.
The idea behind selecting the topic “How can business grow” for populating a portfolio is
that it is most prominent factor within the business environment. It provide a detail
understanding about the sources or tactics that can be used within the business to
maintain its position within the marketplace. It depict about the ways through which a
business can create value in front of its customers.
As for the growth and sustainability of a business, it is very essential for a
company to deliver quality of services to its customers and try to satisfy their need or
expectations through their offerings. For creating value among customers it is also very
essential for a company to fulfil the promises which they made with its users and
ensuring their satisfaction with their services. In addition to this for keeping business
grow, a company always try to bring innovation in their current product or services. This
will support in enhancing the quality of product as per the requirement of end users and
also help in keeping customers engaged with business for a longer period of time
(Swift and Piff, 2014). This is because when the need of customers get fulfilled, they
started demanding more and if company remain stick over single product then their
target market will switch to other competitors for satisfying their expectation.
The information for portfolio is selected through internet, library, newspaper,
magazines, case study and study material. From which the internet is selected as a
major source of information’s collection in order to evidence the facts of portfolio. The
reason behind selecting this source is that it is more reliable source which provided
accurate and current information about the various tactics that companies generally
uses for the growth of their business. Apart from this internet provide information in a
wider context and evident it with different theories or models given by philosophers all
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around the world. This supported me up-to a great extend in collecting information and
developing an understanding about the measures as well as action that must be taken
for business growth. In addition to this case studies in books and magazines also
supported me in gaining a knowledge regarding tactics that a company must use for its
future growth (Dalton, 2017). Further these case studies also supported in identifying
the ways through which companies can overcome from their situation and bring their
business back to its growth stage.
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REFERENCES
Books and Journals
Burns, P. and Dewhurst, J. eds., 2016. Small business and entrepreneurship. Macmillan
International Higher Education.
Dalton, M., 2017. Men who manage: Fusions of feeling and theory in administration.
Routledge.
Mariotti, S. and Glackin, C., 2015. Entrepreneurship & small business management.
Pearson.
Schaper, M. T., and et. al., 2014. Entrepreneurship and small business.
Swift, L. and Piff, S., 2014. Quantitative methods: for business, management and
finance. Macmillan International Higher Education.
Uhl, A. and Gollenia, L. A. eds., 2016. Business transformation management
methodology. Routledge.
Ward, J., 2016. Keeping the family business healthy: How to plan for continuing growth,
profitability, and family leadership. Springer.
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