Managing People and Systems: Individual Reflection Report Analysis

This report presents an individual reflection on the application of managing people and systems principles within a consulting team context. The student, acting as a team leader, addresses a company's need for attracting investors by preparing various financial reports, including statements of position, income statements, occupancy rates, and break-even points. The report highlights the importance of teamwork, employing Belbin's team development theory to assign roles based on individual strengths. The reflection further explores capital investment decisions, such as securing a bank loan and investing in long-term assets, and the use of capital appraisal techniques like NPV and break-even analysis. The conclusion emphasizes the significance of financial planning and strategic investments for business growth, supported by references to relevant literature and online resources.

Managing People and
Systems

Table of Contents
Individual Reflection.......................................................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................6

Individual Reflection
As the leader of consulting team, I noticed that the business of Forsyth is suffering from
the lack of funds. The main aim of company is to attract the potential investors and gain their
trust with the help of presentation of internal and financial performance of company. I provide
my full support in preparation of different reports which are defined below:
 Statement of position for business loan
 Income statement for the end of 2017
 Occupancy rates for 2018
 Break-even points for 2018
 Budgeted income statement for end of 2018 based on current plans
 Budgeted income statement for end of 2018 after extra investment
 Occupancy rates for 2018 after extra investment
 Break-even point for 2018 after extra investment
The success behind calculation of all such information is attained with the support of my
whole team. Team work is one of the important concept which align the interest of all the
members in one direction. To build my team more effective, I applied different team
development theory of Bel-bin. It helps me to provide different roles to my team members
according to their knowledges. As per this theory, roles are segmented into three different types
which are mentioned below:
Action Oriented Roles Shaper Provides challenges to
improve team performance
Implementer Implementation of ideas in real
scenario
Complete Finisher Timely completion of tasks
which are assigned to team
members
People Oriented Roles Coordinator Provides the function of
coordination, act as
chairperson

Team work Provides support regarding
ascertainment of cooperation
Resource investigator Performs the work regarding
identification of the new
opportunities
Thought Oriented Roles Plant Provides new ideas and
approaches to attain results
Monitor-Evaluator Performs the functions
regarding evaluation of
different options
Specialist It helps in development of
special skills in team members
I leaned much more important things from this project about the importance of capital
investments in expansion activities of business. In this present project, I explore different source
of finance (Reason, 2016). One of the important source of capital accepted by our team is Bank
Loan. We raise funds of £ 600000 at interest rate of 4.5% p.a. This amount is further invested in
long term assets to buy apartment in Bergen. I advised, Julia and Tim to implement such funds
regarding development of their existing services to earn large number of revenue. It is used in
apartment for toiletries, complementary tea and coffee, laundry and cleaning, fresh flowers in
luxury apartments. This will provides the opportunity to Forsyth to attain their objectives and
improve their earnings.
I experienced that capital appraisal techniques helps in ascertainment of profitability
which is associated with project. The different capital appraisal techniques are NPV, ARR, IRR,
Profitability index etc. I use NPV to determine about the profits from the investment made in
apartment. This method shows the difference between present value of cash inflows and
outflows. Further, Our team also calculated BEP to determine the point where company attains
the situation of no profit and loss from their business operations. It means at this point, Forsyth
earns equal amount of revenue from their investments.

CONCLUSION
It has been concluded from the above report that, one of the major problem which is
faced by Forsyth is requirement of adequate amount of funds. One of the major source which is
used by the company is bank loan. It provides the opportunity regarding long term investments
and effective operation of their day to day requirements. Another sources from where they raise
their fund is rent out their small cafe in apartment which provides the earning of £ 1000 per
month and renting of their office recommendation for further appointment of employees. This
provides the opportunity regarding marketing of their business activities and aware the customers
about their new offers. Through such such capital investments large number of benefits are
gathered by Forsyth like high market share, higher sales of luxury and standard room, higher
profitability etc.

REFERENCES
Books and Journals
Bush, T. and Middlewood, D., 2013. Leading and managing people in education. Sage.
Hoefling, T., 2012. Working virtually: Managing people for successful virtual teams and
organizations. Stylus Publishing, LLC.
Pearlson, K.E., Saunders, C.S. and Galletta, D.F., 2016. Managing and Using Information
Systems, Binder Ready Version: A Strategic Approach. John Wiley & Sons.
Pearlson, K.E., Saunders, C.S. and Galletta, D.F., 2016. Managing and Using Information
Systems, Binder Ready Version: A Strategic Approach. John Wiley & Sons.
Reason, J., 2016. Managing the risks of organizational accidents. Routledge.
Forutanpour, B. and Dorner, S., Qualcomm Inc, 2014. Methods and systems for managing
electronic messages. U.S. Patent 8,713,027.
Kishimoto, T., Chang, M., Lawton, A.L., Lyons, G.R., Kennedy, S.P., Garay, R.M., Winter,
E.T., Carpio, F. and Crisan, A., Sony Corp, 2012. Method and systems for managing
social networks. U.S. Patent Application 12/974,805.
Rossi, G. and Cancelliere, A., 2013. Managing drought risk in water supply systems in Europe: a
review. International Journal of Water Resources Development. 29(2). pp.272-289.
ONLINE
Managing people vs. Managing System. [2018]. Available
through:<https://www.system100.com/managing-people-vs-managing-systems>.