Foundation of Business Communication: Jessica Kingsley Publishing LTD

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This report provides a comprehensive analysis of Jessica Kingsley Publishing LTD, a UK-based publishing company specializing in behavioral and social sciences. It includes an examination of industry data, key business partners, suppliers, customers, and competitors. The report features a SWOT analysis, identifying the company's strengths, weaknesses, opportunities, and threats, as well as Porter's Five Forces model to assess its competitive position. It also addresses issues faced by the company, such as price sensitivity in the UK market and challenges in maintaining printing quality. Furthermore, the report includes a reflection on the author's skills, utilizing Gibbs' model to evaluate communication and problem-solving abilities, while also acknowledging areas for improvement like numeracy and ICT skills, crucial for career advancement in a competitive environment. Desklib offers this and many other solved assignments for students.
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Foundation of business
communication
Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
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PART-1............................................................................................................................................3
Industry data................................................................................................................................3
SWOT Analysis..........................................................................................................................4
Porter's five force model.............................................................................................................5
Issues that is faced by company..................................................................................................6
PART-2............................................................................................................................................8
Refection.....................................................................................................................................8
Gibbs model of reflection ...........................................................................................................8
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................11
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INTRODUCTION
Business communication foundation is most essential to be examined as it provide base
for the company success. It will help to collaborate vision and mission of company and raise the
sale of company. The business practice or analysis is most important as it will determine factor
through which company gets highly impacted. Along with this it will also determine opportunity
for company in increasing its revenue level (Amit and et. al). The chosen organisation in this
report is Jessica Kingsley Publishing LTD. This is the recognise company of UK founded in
1987, that deal in publishing book related with behavioural science and social. The report
highlight industry data along with key business, supplier, customer performance regarding
strength, weakness and challenges faced by them. It also include model of SWOT, Porter's five
force model that determine company competitive position. This also include some issues that is
faced by manager and owner of company.
TASK
PART-1
Industry data
Jessica Kingsley Publishing LTD is one of the independent international publishing
company that mainly discover kind of publishing like behavioural science, as well as social
science (WANG and ZHU, 2020). The industry gets high Award of Tulleken Publisher for its
best publishing in UK. This company is based on high publishing independent company.
Key business partners
The company is located in London, where they deal in business of periodical, newspaper,
directory, Book as well as Directory Publisher industry. Here in company employee are around
40 at various location that create more million sale for company. There business partner are
around 1823 companies (Bucchiarone and et. al, 2018). These partners are termed as their
corporate family that collectively deal with issue that company face and provide opportunity to
increase more profit in company.
Suppliers
Jessica Kingsley Publishing LTD deliver more focus to improve its relation of supplier
because company performance is mainly depend upon relation and quality of their supplier. The
company UBC Press is consider as their distributors supplier mainly in country of Canada that
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charge Canadian dollars. They are delivering more quality that cover spectrum, social work,
autism etc. The suppliers are the strength of company as they almost supply more than 250
publisher. As a result company continuous focus upon improving performance and gets highly
awarded in their professional industry.
Customer
The company customer consist of student, academic professional, educational
professional institute etc. Due to effective performance of company they deliver their best
services and product to their respective customer (Colombo and et. al, 2020). That is why
company is successfully maintain its loyal customer. The main reason behind this as they
provide high quality services that satisfy customer need, want and desire.
Competitors
The company has to deal with high competition level in the competitive market.
Generally their competitors are Book companies UK, NLS Publisher etc. They are also
delivering good quality of services in the market, that is why it will be termed as biggest threat to
the company. The company need to be more focus upon their unique selling proposition with
good quality.
SWOT Analysis
The Swot analysis of Jessica Kingsley Publishing LTD cover some points such as-
Strength- The Jessica Kingsley Publishing LTD has more skilled employee as they
continuously focusing upon proper training programs by investing more resource on training of
employee. The company experience high satisfaction due to company potential and positive
relationship with the company (Dono and et. al, 2019). The company is much strong in
performance in existing as well as new market.
Weakness- Company is not performing well in planning in more efficient way. The
current assets and liquid ratio is remaining ideal at present. The company is more weak at
demand forecasting related with product as sometime they fail to utilise more opportunity for
company development. There inventory is much high as compare to other competitors. The
company unique selling proposition is not that much clear in order to attract more potential
customer.
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Opportunity- The inflation rate in the market is very low so more stability in the market
has been seen in the market. The Jessica Kingsley Publishing LTD can increase its sale by use of
online channel as most of the active customer are using social media platform. Through by social
media or website content they can target more customer towards company product and services.
By strategy of decreasing shipping price company can reduce its transportation cost.
Threat- The biggest threat of company is changing perspective behaviour of their
customer through which company performance gets highly affected. This will challenge their
existing physical infrastructure that would be driven by model of their supply chain. The
company is operating its business in many countries through this they have to face challenges in
currency fluctuation (Duan, Cao and Edwards, 2020). In recent years more competition level has
been seen as their competitors also delivering high quality of unique product and services that
will affect company sale and customer loyalty.
Porter's five force model
In Jessica Kingsley Publishing LTD, model of Porter's five force is adopted in order to
gain more understanding about its competitive position.
Threat of new entrants- In context of Jessica Kingsley Publishing LTD, new entrant
develop more pressure on company as new company will come up with new innovative idea that
is not used in the current market. As a result company must focus upon its existing strategy in
order to reduce threat of company (Farnsworth and et. Al, 2020). They need to modify their
pricing strategy, reducing cost, and improvising its value proposition. They need to manage all
kind of challenges and generate effective safeguard in context of competitive edge.
Bargaining power of supplier- In this type of publishing company they require
influencing raw material from several loyal supplier. The supplier of company is focus upon
developing their dominant position in the competitive market. The company involve powerful
supplier as they involve in customer services that utilise influencing negotiation power. It will
leads to attract high price in this particular area. That is why impact of company supplier
bargaining power will lower profitability of company.
Bargaining power of buyer- The company buyer are mostly on high demand. They need
best kind of offering that are paying some less price which is almost minimum as possible. This
will put lot of pressure upon Jessica Kingsley Publishing LTD in executing its operation in long
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period of time. This will reflect upon more effective bargaining power through their increasing
ability in term of searching heavy discount as well as offer.
Threat from Substitute product- The company profitability will gets highly affected if
new product and services will deliver same kind of specification to satisfy industry customer.
There more substitute has been seen that termed as high threat because they deliver more value
proposition (Jenkins and Fries, 2019). That is why company must think about delivering unique
kind of offering within the industry.
Rivalry among existing player- The intense rivalry has been seen by the company and
they have to decrease their prices which impact their entire profitability in company. The Jessica
Kingsley Publishing LTD, executed is business practices in competitive market. This
competition affect company long term revenue.
Issues that is faced by company
Jessica Kingsley Publishing LTD has to face some issues resourcing their management as
well as operational problem while performing its business practices. The market of UK is high
price sensitive that is why their reader and book purchaser always keep in mind of its budget.
Here the book publisher are more aiming towards reduce overall cost that ultimately affect the
quality of company performance (Kang, 2019). The company faces issues regarding their
printing quality as some time they does not match some useful content regarding its international
standard. The management team sometimes fail to target right number of audience. They must
adopted some influencing digital tool of promotion of their product and services towards right
audience.
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PART-2
Refection
Gibbs model of reflection
Gibbs model is helpful in identifying the situations which the person has went through
and the experience which they receive by going through with that particular activity. There are
many skills which are strong in me but in some areas of those skills I need some development as
this will be helpful to me in my future career.
Description- When I have to describe my current situation of learning the skills which
will be useful in my career growth then it would be great. My communication skills is the best as
I used to read and learn about the sentences which is useful in framing the correct sentences.
Other is the problem solving skill of mine which will also be useful in my career growth and
development. During learning experience skill of communication is most important and turn in
my favour as I am able to covey my useful and authenticated information with others in more
convenient way (Kartikasari and et. al, 2020). This will cause no delay in learning experience
and chance of error gets minimise. Along with communication skill problem solving skill also
help me lot as I enhance my ability to tackle most the difficult situation in more effective and
influencing manner. It will promote my accuracy rate in more significant manner just because of
these tool. Through skill of problem solving I will be able to deliver more more unique concept
for creation of new opportunity in career and company as well.
Feelings- The feeling which I have developed during the course of learning these skills is
very amazing. I know that developing this skill will be useful to me for my job which I will be
doing in the future. But there are some other skills also which requires my full concentration and
focus(Burgoyne and Chuppa-Cornell, 2018). The skills which I am weak in are the numeracy,
ICT which is considered to be the most important one and also the most useful skill during the
time of doing job. As I am very ineffective in skill of numeracy as well as ICT, it will create lost
of hindrance and roadmap that block my career options. These skill are most demanding
professional area of subject matter. I need to improve my skill of ICT and numeracy, this is the
only thing to improve potential opportunity for career and company growth as well. The skill of
ICT and numeracy can be improved through process of online lectures regarding this subject
matter. Along with this it can also enhance through proper guidance regarding subject matter
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specialist who have more knowledge regarding this respective subject matter. In modern
competitive environment skill like ICT and numeracy determine actual and accurate figure facts
in terms of sales, data analytics, revenue level, net profit and financial position. It will aid in
forecasting circumstances of the market and individual or company can update its performance
accordingly.
Evaluation- The main positive thing which I have learned during the course of learning
the new skill and the development of the older skill is that I have gained knowledge and
information on those things which were unknown to me. The negative factor about the situation
of learning the skills is that they are taking good time and because of which I am not able to do
the other thing (Lee, 2017). But I know that in the end these all things will be worth and will
helpful in making my career bright. To overcoming the negative forces during learning exposure,
it took me lots of time during the course of action. But eventually the proper guidance and
direction from my senior management help my lot in order to reduce overall chance that may
cause hindrance during the journey of career option. The senior staff guided my well in each
stage while performing task or activity. My skill of communication aid me in building trust and
proper conversation in order to solve many difficulties in planning and gaining experience of
career exposure. Problem solving as well as working with other skill deliver more strength to
enhance my best ability while working any kind of work. This will contribute more efforts of
mine as I will be able to work in dynamic situation of company.
Analysis- The best thing of learning the skills is that it will be helpful in the development
of my personality and when any individual is having the skill then this can be used at any time in
the future (O'Barr and et. al, 2017). The knowledge which I have gained by learning this skill
that it is important to have these skills which are communication, ICT, numeracy, problem
solving and to work with others. As per analysis my knowledge regarding working with other
promote other skill like communication, better relationship in performing any particular task
objective. But skill of ICT and numeracy will improve slowly because it will consume much
time in attending lectures and the keep on practising these particular subject matter.
Conclusion- The conclusion which I have to make about the learning of the skills is that
the development of these skills will be useful in the career growth as these are always demanded
in the jobs. Not just the jobs if I have to start my work as an individual also then these skills are
required while doing work(Naylor and Gibbs, 2018). This is clearly shown that in process of
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career planning these skill deliver more better option in order to provide my more influencing
option of career job position.
Action plan- The learning of skills is considered to be as the most important one and
there are some skills which I have to work on and make it better so that it does not creates any
difficulty in the future. I will be working on the numeracy and ICT skills more hardly.
Based upon reflection model, this is being vary cleared that my skill regarding
communication, problem solving and working with other are very useful. But the skill like
numeracy, ICT, are not that much effective and perfect. These need to be improve for developing
skill of employability. This skill will deliver more better career opportunity in uplifting personal
as well as professional plan. That is after analysis the proper action plan has been made in order
to update the skill that is highly required in job profile (O'Connor, 2020). Company like Jessica
Kingsley Publishing LTD is very recognised company. For working in such leading company
individual has to develop skill and knowledge set. This will enhance the overall ability in more
authenticated manner (Palepu and et. al, 2020). This will be more beneficial for the company and
individual itself. It will raise the chance to stand out from other competitors opponent. The action
plan is very effective as it enhance my skill off numeracy and ICT during my established time
frame and I will be able to manage all my work in effective way.
CONCLUSION
From the above report it has been concluded that business analysis contribute proper and
suitable direction through which company will raise chance to reduce it impact ability upon its
business performance. The model like SWOT and Porter five force model identify the area in
which company is lacking and where it has an opportunity to develop strong financial positive in
competitive market. With help of unique selling proposition company can increase its strength
and remove its all weakness and threat.
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REFERENCES
Books and Journals
Amit, M. and et. al, AMAN, 542 America-Israel Cultural Foundation, 451 Amir, Jacques, 193
Amir, Yigal, 116, 253, 616, 847, 851. demography. 632. p.33.
Bucchiarone, A. and et. al, 2018. From monolithic to microservices: An experience report from
the banking domain. Ieee Software. 35(3). pp.50-55.
Burgoyne, M.B. and Chuppa-Cornell, K., 2018. ‘If I tried this idea again: developing faculty
professional growth through reflective practice. Reflective Practice. 19(6). pp.818-831.
Colombo, M. and et. al, 2020. Artificial Intelligence–The Mindfire Foundation and Other
Initiatives. In Cognitive Computing (pp. 67-85). Springer Vieweg, Wiesbaden.
Dono, J.A.M. and et. al, 2019. DES as Tool for the Decision-Making in an Offshore
Manufacturing Foundation Process. In FlexSim in Academe: Teaching and Research
(pp. 59-71). Springer, Cham.
Duan, Y., Cao, G. and Edwards, J.S., 2020. Understanding the impact of business analytics on
innovation. European Journal of Operational Research. 281(3). pp.673-686.
Farnsworth, D. and et. al, Strategic Marketing Management: Building a Foundation for Your
Future1.
Jenkins, B. and Fries, L., 2019. Project nurture: Partnering for business opportunity and
development impact. Gates Open Res. 3(649). p.649.
Kang, N., 2019. Scientific Foundation of Real-Time Input-Output Tabulation and AI—
Combinations and Connections between Optimal Input-Output Planning Model and AI.
American Journal of Industrial and Business Management. 9(9). pp.1831-1872.
Kartikasari, D.W. and et. al, 2020, May. Fostering Community Environmental Awareness
Attitudes through Tuban Mangrove Center Foundation Program. In Journal of
International Conference Proceedings (JICP) (Vol. 3, No. 1, pp. 65-72).
Lee, S., 2017. Creating an anti-communist motion picture producers’ network in Asia: the Asia
Foundation, Asia Pictures, and the Korean Motion Picture Cultural Association.
Historical Journal of Film, Radio and Television. 37(3). pp.517-538.
Naylor, A. and Gibbs, J., 2018. Deep learning: Enriching teacher training through mobile
technology and international collaboration. International Journal of Mobile and Blended
Learning (IJMBL). 10(1). pp.62-77.
O'Barr, W.M. and et. al, 2017. Roundtable on Digital Advertising: Part II. Advertising & Society
Quarterly. 18(2).
O'Connor, H.A., 2020. Mindfulness as a Foundation for Reflection: Applying Principles From
Dialectical Behavior Therapy to Service-Learning Instruction. The Journal of Nonprofit
Education and Leadership. 10(2).
Palepu, K.G. and et. al, 2020. Business analysis and valuation: Using financial statements.
Cengage AU.
WANG, T. and ZHU, W., 2020. The 20th Anniversary of the Foundation of the FOCAC:
Retrospect and Prospect.
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