Consultative Report: Managing Original Creation During COVID-19 Crisis

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Added on  2023/06/07

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AI Summary
This report examines the significant challenges faced by Original Creation due to the COVID-19 pandemic, which disrupted their business operations and profitability. The report identifies key problems such as managing return policies, declining profit margins, navigating strict regulations, maintaining workforce balance, overcoming communication barriers, ensuring employee safety, and accurately forecasting demand. It proposes solutions like offering gift vouchers instead of full refunds, developing effective marketing channels to stimulate demand, and adapting to changing market trends. The report emphasizes the importance of employee safety, communication, and flexible workforce management strategies for business revival. Ultimately, the report provides recommendations for Original Creation to navigate the challenges and restructure their business for improved profitability and productivity during and after the pandemic. Desklib provides this solved assignment and many other resources for students.
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Foundation of business
management
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Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
Reasons........................................................................................................................................1
Problems faced by organisation ..................................................................................................2
Related solutions..........................................................................................................................5
Recommendations........................................................................................................................6
Part 2................................................................................................................................................7
Skills developed...........................................................................................................................7
CONCLUSION .............................................................................................................................10
REFERENCES..............................................................................................................................11
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INTRODUCTION
Problems and complexities are the part of the business which every organisation has to
face at the time of performing the operations of their business in the market. The main reason for
the development of these problems is the fluctuation in external factors of the business. There are
number of external factors are present in the market such as political, social, economical and
many more. The changes in these types of factors can create different types of problems for the
organisation. COVID pandemic is one of the biggest blunder for the whole business
environment. The COVID pandemic becomes those factor of the market which ruin the whole
business structure of the market. Original creation is one of those organisation which faces
tremendous problems due to the COVID pandemic. Pandemic negatively impacts the survival of
the organisation which in return the management of many companies of the market has to shut
their business. The global economy are also impacted due to the negative impact of the pandemic
as it reflects negative growth rate in the market. The negative growth of the economy makes the
working and the existence of the business organisation in effective and valuable manner. This
report is based on the negative impacts of COVID pandemic on the business of the organisation.
There are number of problems are present which is faced by the management of the organisation
due to the presence of COVID pandemic which helps to manage. This report provides brief
discussion related to problems faced by the management of Original creation and also the
number of recommendations which helps the management to overcome from these type of
problems. At last this report contains reflection under which different types of skills are
mentioned which is important for the solution of these problems.
MAIN BODY
Reasons
There are number of reasons are present for the development of this consultative report as
it helps the organisation to established effective judgement about the business and their
conditions in the market. One of the most important reason for the formation of this report is
analyse the barriers which the management of Original creation faces in the market while
formulating their business in COVID situations. The another reason for the creation of this
particular report is that it helps to analyse the negative impacts of the pandemics on the business.
This report suggests number of solutions which the management of Original creation can be
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followed to overcome from the problems which the management of the organisation faced due
to negative impacts of Covid. One of the important reason for the commencement of this is to
find out the new trends and the requirement which is required to restructured the business. The
management of the organisation faced many problems in this pandemic which negatively
impacts their profit margins (Alonso, 2022). This report helps the organisation to operate their
business in effective and efficient manner which helps to improve the profitability and the
productivity of the organisation.
Problems faced by organisation
Original creation is the organisation which conduct the business in electronic goods under
which different types of electronic item sold by the company for the making of the revenue. The
management of the company conducts their business in effective way and all the factors reflects
effective and positive impacts for the business. Suddenly the world faced one of the most biggest
disaster which is COVID pandemic (Hu, 2022). It ruin the overall structure of the businesses
which becomes negative for the management of the organisation. The management of Original
creation sold large number of products before the pandemic and different types of liabilities
raises on the organisation at the time of COVID which becomes difficult for the organisation.
There are number of problems faced by the company due to this and the brief discussion related
to the same are given below:
Return policy of Original creation
It is one of the important and valuable feature of the organisation under which the
management of the company provides option to their customers to return the product in the given
time. The management of the Original creation developed this strategy for the satisfaction of the
customers and it becomes successful because the chances of defective product can be possible in
electronic goods business. This policy of the company becomes burden for the organisation at
the time of COVID pandemic (Beirau, 2020). There are large number of products are sold by the
company before the COVID under which the return liabilities becomes the part of their
problems. It is very difficult for the company to refund to all the customers as it negatively
impacts the profit margins of the organisation.
Negative profit margins
The profit margins of the organisations are depend upon the sale or the revenue of the
organisation. If the sales of the organisation promoted then ultimately the profit margins of the
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organisation becomes rises. The government of the respected states has imposes number of
restrictions in the form of lockdown. No the business of the organisation are allowed to conduct
their business operations. The business operations of the organisation becomes ineffective and
the sources of their revenue becomes ineffective. The profit margins of the organisation are
badly impacted due to these type of conditions. There are many conditions are present under
which the organisations has to close down their business which becomes negative for their
business.
Strict laws and regulations
The COVID pandemic is one of those natural disaster of the market which directly
impacts the health and life of the peoples. The life and the health of the citizens are the first
priority of the government so all the rules and regulations are developed by the agencies on the
basis of citizen perspective. There are large number of rules and regulations are developed by the
government for the business organisation to control the pandemic. Social distancing, minimum
workforce and different types of guideline becomes burden for the organisation. The
management of Original creation conduct the business of electronic goods under which the
distancing of the employees creates many problems and minimised the profitability of the
organisation (Celik, 2020). It is important for the management of the Original creation to follow
these rules and regulations so that it can be possible for them to protect themselves from
different types of liabilities and policies. The impact of these strict rules and regulations are
negative on the business of the organisation as the productivity of the organisation are on the
edge of downfall which disables the organisation to bear the losses which is faced by them at the
time of COVID.
Workforce balance
The balance of the workforce is one of the most important aspect which the management of the
organisation has to maintained for the positive growth of the organisation. The balance
workforce refers to the availability of effective workforce which are having different types of
working skills. These skills can be used by the organisation to perform the number of operations
which are helpful for the management to operate their business in effective manner. The balance
of the workforce of Original creation becomes collapse due to the long leave gap. The business
of the organisation shuts for the long time on the guidelines of the government under which all
the employees of the organisation arte on the leave and far from their work. This decreases their
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productivity and also the efficiency which requires long time to be gain again. It is completely
the wastage of the time and the resources. It is important for the organisation to manage the
balance of the workforce because it is one of the important factor for the organisation for the
revival of their business (Chabowski and Samiee, 2020).
Communication barriers
Communication is one of the important and valuable aspect of the organisation which
deals which the interaction of the employees and also the flow of information from different
sources of organisation. Establishment of effective communication in the organisation is one of
their core requirement which helps the organisation to operate their business in effective manner.
The management of Original creation are badly impacted due to the conditions made by the
COVID pandemic so the development of the effective communication is one of the important
function of the organisation. This helps the organisation to make effective flow of the
information and resources in the organisation (Kakoyannis, 2021). The access of all the trends of
the market are important in the organisation and it is possible due to effective communication
channels in the organisation.
Employee safety
The safety of the employee is one of the core duty of the management of the organisation
under which they have to focus on different employment issues. The safety of the employees is
one of the important and critical function of the management under the COVID conditions. The
management of Original creation need to make major adjustment in their current structure of the
organisation so that the safety of the employees can be possible in the organisation.
Demand forecasting
It is related to those process of the organisation under which the management has analyse all the
parameters and indicators of the market to forecast the future demand of the organisation. It is
one of the important and valuable aspect of the organisation under which en enables the
managers to develop counter strategies in the organisation. The management of Original creation
also faced number of difficulties under demand forecasting because the trends and the
parameters of the market becomes changes due to the changes in market structure
(Christopherson, 2021). It is important for the management of the organisation to follow the
trends of the market which helps them to operate their business in effective and valuable manner.
These fluctuations require organizations to examine their capacity and be flexible about what
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their workforce can realistically handle. Furthermore, the HR department needs to be mindful of
the pressure the current situation is putting on the workforce. Physical health is clearly a priority
right now, but HR managers will also be thinking about employees' mental health and how they
can help workers cope in such difficult circumstances (Hassel and Cedergren, 2019).
All the points which is mentioned above in the report are the core issues which the
management of the Original creation has faced in their working. It important for the organisation
to find the solution of these problems so that it becomes possible for them to operate their
business in effective manner.
Related solutions
The problems faced by the management of Original creation does not have any positive impacts
on the business of the organisation as it disables the organisation to conduct their business in
effective manner. It is important to find out the solutions of these problems so that the business
of the organisation can be back on the track. There are number of solutions are present which can
help the organisation to deal with these negative situations.
One of the most biggest problem which is faced by the management of Original creation
is the return and refund liability of the products to their customers. It is the matter of the
trust which the customers of the company have. It can be used by the company to
announce the denomination of the refund and provide gift vouchers against the remaining
amount of the customers (Chung, 2018). This idea can help the organisation to maintain
customer relation and also minimise the burden of liability which is arises due the return
of the product.
It is required for the management of Original creation to develop effective marketing
channels in the organisation. These marketing channels of the organisation helps to
stimulate the demand of products in the market. It is important for the management to
have effective and attractive channels so that large number of customers can be attracted
towards the organisation. The increment in the number of employees helps the
management to increase the level of revenue which ultimately increases the profit
margins of the organisation.
The management of Original creation can use effective leadership approach which can
help the organisation to maintain balance in workforce.
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Recommendations
There are number of recommendations are present which is to be made for the
management of Original creation which helps them to maintain the management. These
recommendations helps the management of the organisation to overcome from the issues which
negatively impacts the profit margins of the organisation (Clark and Fast, 2019). The brief
discussion related to the same are given below:
It is recommended to the management of Original creation to develop effective refund
structure in their organisation which helps to resolve the return issues. The management
of the company can also be use the above measure under which partly payment are made
to the customers and the remaining amount can be given in the form of gift voucher.
It is recommended to the management of Original creation to use new and advance
technology so that effective communication channels can be developed in the
organisation (Dreher and Ernst, 2022)(Egholm, 2021).
It is recommended to the management of Original creation that it develops special legal
committee in the workplace which analyses the rules and regulation from the market in
relation to COVID norms. The main work of this committee is execute all the norms and
guidelines in the organisation by maintaining the considerable productivity level.
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Part 2
The following description will spotlight the ability enhancement and getting to know that has
greater my man or woman personality. Development of verbal exchange competencies will
spotlight how written and verbal competencies for interplay are evolved in me. Gibb’s version is
used to mirror the entire tenure of assignment making.
Skills developed
Communication skills
While attending instructional sessions, I even have found out and stronger my communique
competencies, with a view to be useful for my future. During my instructional sessions,
numerous sports have been performed, that have stepped forward my communique
competencies. Verbal communication competencies are evolved at the same time as doing one of
a kind initiatives with one of a kind classmates. While speaking with the professor approximately
one of a kind initiatives, I even have found out a way to speak with seniors and superiors. This
verbal communique talent that evolved in me will absolutely assist me in my non-public and
expert life. During my instructional sessions, I needed to write numerous assignments and expert
letters to the involved bodies, which has taught me a way to write sure matters in one of these
way that the reader can without difficulty apprehend the purpose of the writing.
Teamwork skills
The capacity to communicate, cooperate, and clear up troubles with others in the direction of the
fulfillment of goals and the attainment of not unusual place dreams is what we suggest by
"running with others." With the assist of Belbin's idea, I have become able to higher defining my
vicinity in a team, gambling my element inside it, and respecting the values of my teammates.
From this, I found out to tackle one-of-a-kind personae even as tackling hard troubles and
participating with others to locate novel answers to not unusual place troubles. By participating
with different people, I exposed the handiest approaches.
Working collaboratively
While running on many initiatives with a set of classmates, I actually have recounted the manner
to paintings collaboratively with a set of human beings to reap a not unusual place goal. I
actually have discovered to alter to specific mindsets in order that the excellent of labor this is
being produced is not affected. In my expert existence, this talent will actually assist me to reap
organizational desires with the aid of using running collaboratively in a team. I actually have
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discovered to take orders from the pinnacle of the organization and paintings consequently with
out getting frustrated. My private existence may also advantage from this talent as I will
manipulate to live to tell the tale with human beings of various mindsets.
Information and communication technology (ICT) includes the mastery and realistic use of a
large choice of laptop programmed in addition to different on line equipment. I become able to
growing my competence with inside the area via way of means of undertaking Zoom calls or
Webex with different institution contributors for the aim of explaining the components of
project. It made me extra invested, which helped me recall better. In the identical manner that my
hobby with inside the paintings on the weekly module grew after I covered ICT into teaching, so
did my productivity. Due to the specific opportunities afforded to me via way of means of
technological developments, I trust that that is in reality conceivable.
Gibbs reflective model
Feelings
Before generating the commercial enterprise case, I become feeling very anxious as I haven’t
achieved such an hobby in my instructional life. While doing the hobby, I began out to benefit
hobby with inside the venture and gave my 100%. As the venture become approximately to end,
I become feeling very pleased with some thing I had contributed to the venture; I attempted to
present my first-rate to the venture.
Evaluation
My braveness and my will to do the task collaboratively with the crew are the elements that lead
in the direction of making an powerful and green project. Although there had been many
arguments among one of a kind teammates, we controlled to do our paintings effectively. The
simplest element that lagged at the back of changed into the time control that we had been not
able to do.
Analysis
Unorganized allotment of labor become a fundamental cause at the back of the time control
failure, which become our mistake. The paintings become now no longer similarly divided and
did now no longer do not forget the talent units that had been had to do the unique paintings.
This become the foremost cause that affected our project.
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Conclusion
The challenge of formulating a enterprise case became assigned to me and needs to be performed
in a group. We attempted to offer our quality and installed attempt for the identical however
lagged in a few aspects, with a purpose to be centered on in destiny assignments and projects.
Collaborative teamwork became the important thing aspect which gave achievement to our
challenge, and the time control abilities that we lacked affected our picture of the professor.
Action plan
What skills will be
developed?
How it will be developed? How it will be implemented?
Researching skills I will decide a subject on day
by day foundation and could
try and do thorough studies
on it through journeying
libraries
I will enforce those
competencies while any tasks
can be assigned to me. I will
do a radical studies on the
subject in order that any
factor of the subject isn’t
missed. I can even enforce
this ability in a state of affairs
in which I am now no longer
capable of recognize a
positive subject matter or idea
in classroom
Technological skills I will try and attend on line
workshops wherein
utilization of various
technological device is being
taught.
.
I will try and put into effect
the expertise of the usage of
extraordinary gadget in
realistic existence in an effort
to decorate my skill set.
Time management skills I will attempt to finish the
assignments of the university
with inside the given duration
This might be carried out I
my destiny tasks and
challenge in which I will try
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