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Importance of Communication Management in a Firm

Interaction is very necessary for the firm to achieve the goals and objectives. it also provides opportunities that prevail in the market through which customers can be attracted. Read this report to know about need of communication.

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Importance of Communication Management in a Firm

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  1. Managing Communication Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  2. Table of Contents INTRODUCTION ...................................................................................................................... 1 TASK 1....................................................................................................................................... 1 1.1 Different decision to be made to start up a business .......................................................... 1 1.2 Knowledge required to make the decision to start up a business ........................................ 2 1.3 External and internal sources of understanding and information ........................................ 2 1.4 Recommendations to improve analysing and selection of information ............................... 3 2.1 Impact of stakeholders in influencing decision making ..................................................... 3 2.2 Ways to develop relationship with stakeholders ................................................................ 4 2.3 Plan to involve decision making for location and pricing strategy ..................................... 4 2.4 Strategy for future improvement process ........................................................................... 5 TASK 2....................................................................................................................................... 6 3.1 Existing process of communication ................................................................................... 6 3.2 Difference communication process ................................................................................... 6 3.3 Integration of communication system for implementation of improvements ...................... 7 3.4 Personal development plan for improving communication skills ....................................... 7 4.1 Existing approaches to the collection, formatting, storage and dissemination of information and knowledge .................................................................................................... 8 4.2 Appropriate changes to improve collection, formatting, storage and dissemination of information and knowledge .................................................................................................... 8 4.3 Strategy to improve access to systems of information and knowledge to strengthen the business .................................................................................................................................. 9 CONCLUSION ........................................................................................................................... 9 REFERENCES ......................................................................................................................... 10 Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  3. INTRODUCTION Within the organization there are many business activities involved and for conducting each of the activities effectively it requires proper communication so that there is coordination. In this context, managing communication can be determined as a process of systematic monitoring and planning among different channels in order to develop strong relationship among employee and employer (Nachtergaele and Dauwe, 2014). There are different type of strategies that are implemented in order to make effective interaction among employees. Present report is regarding developing new venture and it will be focused on providing quality food. This report covers internal and external sources of information and that are used within the organization. Further, it covers different methods in order to develop business relationship with stakeholders. Lastly, it also includes integration of communication system for implementation of improvements. TASK 1 1.1 Different decision to be made to start up a business So as to perform business activities in an effective manner there are different set of areas that has to be considered. In order to develop or to think over to start new business, there are areas are important. Below given are the elements that contribute in decision making: Targeting and segmenting: It is a type of process in which management identifies people to whom products and services needs to be focused. As per the type of targeting done, decision are made in order to attract them. Competitors: There are many firms that provide their customers with similar product and services. These organizations make use of diverse set of strategies to attract customers (Axelsen, Calloe and Nielsen, 2013). With this respect, to start up business this element is important to consider in order to make proper decision. Financial position: There are different business operation that has to be done and in order to make them operate it is essential to have financial support. This helps in making decision over totally how much needs to be spend over each operations. Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  4. 1.2 Knowledge required to make the decision to start up a business To make decision, it is essential to list out have proper knowledge for each of the areas in which decision has to be made. In this context, following are the information and knowledge that one should have in order to make proper decision for the business: Budget: As stated above, there are different activities and operations that has to be considered (Ulmer, Sellnow and Seeger, 2013). One should have proper knowledge related with the approximate budget that will be required for business operations. Research: This is a type of way that provide effective information about the market and the customers. This develops knowledge about the needs and requirement of service users. Further, it provides different options that the business has through which huge profit can be gained. Survey: Survey is conducted by developing questionnaire and they are made filled by target audience or employees. It enables to know perception of people towards the products and services. This helps to make proper decision about business or the changes that should be made in the operations. Target market: To start new business, target market should be studied as frequent changes that place in their taste and preference. Further, it is important to understand them and make them implemented so that goals and objectives can be achieved. 1.3 External and internal sources of understanding and information Internal sources are the customers and employees. Workers are very helpful in understanding the issues that are faced by customers (Song, Northouse and Mood, 2012). They are the one who have direct interaction with services and they present the services and products that are delivered by the firm. Further, customers are the one who make use of the service so they know the problems or issues that are faced by them. Both these internal sources are helpful to make the organization develop their strategies towards achieving the goals and objectives. On the other hand, external sources includes government, suppliers, etc. They help to know the over all strength of the market. There are situations in which changes needs to be made in the business operation. For example, if government increase fiscal policies then firm has to Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  5. make changes in the price. In this context, it can be stated that external factors provide adequate information for making decision (Stoldt, Dittmore and Branvold, 2012). Business gets highly benefited as it makes the organization block the barriers that arise in the market. 1.4 Recommendations to improve analysing and selection of information New business can make use of different type of methods with the help of which analysis and selection of information is possible. In this context, few of the methods are as follows: Reviewing policies: All the policies that management wants to implemented should be discussed and conveyed to employees (Stevanović, 2015). There are situation in which workers may not prefer to apply all and those should be removed. This enable to make the firm gain information from employees as they develop a feeling of trust and confidence. Employees involvement: Worker have direct interaction with service users and they know better able the issues that they face. In this context, all the needs and requirements of workers should be fulfilled so that they will be able provide healthy environment. Employees will take interest in order the operation of business and they will be helpful in providing valuable information. Forecasting method: It helps to determined the profit and sales. When management gets to know the one month sales and performance level of employees, then it becomes easy to calculate the future performance and sales of the organization and this is helpful to get adequate information (Swallow, Knafl and Carolan, 2014). TASK 2 2.1 Impact of stakeholders in influencing decision making Stakeholders are very important for the business and they make business operation run in an effective manner. They highly influence in decision making and changes are made as per their preference. Below given are the stakeholders that influence in decision making: Customers: They are the one who make use of the services and products that are provided by the firm (Dickins and Germaine, 2014). When any type of strategies are implemented and if they are not preferred by customers, then they it does affects the decision made by management. Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  6. Government: There are situations in which decision are made related to different aspect for example price. However, decision made gets affected due to changes in fiscal or monitory policy that are frequently changed by government. A Sample Report on Managing Communication To Buy Complete Assignment Writing Service *Contact Us* Email - help@assignmentprime.com Website- https://www.assignmentprime.com Phone - +61 879 057 034 Suppliers: They make sure that materials that are required by the organization are distributed on time. However, decision made by the firm in relation with production gets affected with materials are not delivered by the supplier (Barak, 2013). Employees: Workers are the face of organization and if they are not skilful or knowledgeable, then the decision made gets affected. Firm fail to achieve their desired goals and objectives. 2.2 Ways to develop relationship with stakeholders Management can made use of diverse set of ways through which strong relationship can be made. This is generally done in order to achieve the goals and objectives that are set by the firm. Following the ways though which relationship can be developed with stakeholders: Socially: There are different social media sited that enables organization to present the information about the services and products that firm wants to deliver (Harvey and Allard, 2015). It enables to develop strong relationship with stakeholder as it helps to know their perception. Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  7. Meetings: Management can conduct informal meetings that will help in knowing stakeholders more closely. This enables to develop trust and confidence among mind of stakeholder holder as they develop a feeling of importance. When informal meeting are conducted, then it makes people free and they get to know each other. Mails and calls: These methods enables to make stakeholders updated and also provides the opportunity to convey relevant information about the products and services. Further, it also enables to develop interaction and to make them updated related with the changes that has been planned in the firm. 2.3 Plan to involve decision making for location and pricing strategy To make stakeholders involve in the making strategies, it is essential that they provide them adequate information so that they get to develop a feeling of importance (Zerfass, Verčič and Wiesenberg, 2016). Following are the ways with the help of which stakeholder can be involved in making strategies for pricing and location: For Pricing strategy: All the stakeholders should be provided with information related with the main aim for meeting. Management should also convey the objectives that has to be achieved. Strategies should be conveyed related with the price and opinion should be taken on the strategy. All suggestions that are given by stakeholders should be written down or made proper records. Among the given strategy the best one should be selected. Strategy for location: All stakeholders should be called for the meeting and they should be informed about the main reason for which meeting is conducted (Yoder-Wise, 2014). All the locations that has been decided should be conveyed to them. Opinion should be taken from stakeholders Further, all the suggestion provided should be noted or record should be kept. Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  8. As per the suggestion given the best location that will be beneficial for the organization should be selected. 2.4 Strategy for future improvement process To start up a new business, it is important to have future strategies that will help in implementing and achieving the organizational goals. In this context, few of the strategies are as follows: Employees should be hired who have proper skills and knowledge so that they will be able to understand their customers and provide their services (Domenech, Baños and Botella, 2013). Further, to improve their performance level they can be provided with training and it enables to improve and develop skills that are required to perform the given job. At initial stage, price of the product should be kept low. This helps in develop strong customers base. When people get to know about the product and organization, then price can be raised. Research and survey should be conducted frequently as it will help in knowing the changes in taste and preference of customers. Accordingly, changes can be made and customers can be satisfied. Feedback should be collected from customers and suggestion that are provided by employees should be considered as it will enable to make changes in the strategies as per their preferences (Oprescu, Campo and Morcuende, 2013). TASK 3 3.1 Existing process of communication Interaction is important in order to develop a healthy environment in which workers can performance. On the other hand, interaction is also essential so that customers can be attracted. As per the current process below given are the systematic process of communication: Sender: Idea or the information which is generated by a person is the sender. Communication process starts when the idea is generated. Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  9. Message: It is the details or the idea that is generated by the sender. Encoding: The idea or the information is then converted in to a meaningful language so that others can understand it (Nachtergaele and Dauwe, 2014). Media: This can be determined as the source that is used by the to make the information reach to others. Decoding: Process that is used by to understand the details that are provided by the sender. Receiver: They are the one to whom information was developed. In other words, they can also be stated as audience. Feedback: It is the response that is made by receiver on the message given. A Sample Report on Managing Communication To Buy Complete Assignment Writing Service *Contact Us* Email - help@assignmentprime.com Website- https://www.assignmentprime.com Phone - +61 879 057 034 3.2 Difference communication process Within the organization, management can make use of different type of communication process that can be implemented. In this context, following are among them: Free flow: It is a type of communication process in which employees within the firm has the right to have interaction with anyone (Axelsen, Calloe and Nielsen, 2013). They can interact with top management or any other worker directly. It enables to make changes immediately and it also helps to reduce confusion. Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  10. Wheel pattern: In this type of process, the information will be conveyed in a systematic flow. Employees have to report their manager related with the issue or problem and workers can not have direct interaction with other employees. Managers have complete control over employees and direction given by managers should be followed. Circular pattern: Information is passed on in one single direction. When information is passed and when it reaches to last employees, then there are chances that it may get changed. It increases confusion and changes to be implemented takes time. For new business, management should make use of free flow so that issues can be reduced and strategies can be implemented efficiently. 3.3 Integration of communication system for implementation of improvements There are different ways that can be implemented by the organization with the help of which integration can be reduced. In this context, one of the strategy that can be implemented is by identifying the employees who will be able to perform the roles effectively and efficiently (Ulmer, Sellnow and Seeger, 2013). Further, in case of any new employees is required, then recruitment and selection process should be conducted. It will help for the organization to achieve their goals and objectives. Moreover, management can also evaluate their performance level and this will help them to know whether workers are working effectively or not. Workers who are not performing properly should be replaced with new once and they should be provided with proper information regarding the roles and responsibilities. In addition to this, they should be provided with training and this will help the organization to achieve the goals and objectives. Further, the integration in communication can also be solved. 3.4 Personal development plan for improving communication skills Communication is very important in order to develop coordination and to develop strong relationship. With this respect, following are the ways through which communication can be improved: Non-verbal signs: In order to develop interesting and effective interaction non-verbal signals are very helpful. In order to improve this I will make use of mirror and look my expressions and get to learn. Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  11. Online tests: There are many tests that are available on the internet and it will be helpful in know where I stand. More specifically I will get to know the areas in communication where I have to make improvement. Avoiding conversational fillers: I got to observe that I make use of lot conversational fillers like ah's and Um's. I will practise and make sure that I will not make use of these while having conversation. Effective listening: To have effective interaction, it is important to listen and reply accordingly. I will make sure that I listen and reply as per the situation and this will help me in developing healthy relationship with others. TASK 4 4.1 Existing approaches to the collection, formatting, storage and dissemination of information and knowledge As per the case, to implement the strategy within the organization, management has made use of below given ways: Collection: Within the firm, management has used traditional way for collecting information. In this context, all the stakeholder were informed and information was provided to them so that they provide suggestion. Formatting: Information were converted into balance sheet, annual report, etc. and this was helpful for the organization to understand it and to make appropriate solution (Song, Northouse and Mood, 2012). Storage: Details collected from cafe are stored in computer system. It will provide the opportunity to make evaluation and to develop strategies for solution. Disseminating: Meetings will be conducted and this will be helpful in getting suggestions and to know their perception relate with the decision that taking over cafe is beneficial or not. Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  12. 4.2 Appropriate changes to improve collection, formatting, storage and dissemination of information and knowledge In order to make changes in the way by which information was collected, formatted and stored and disseminated. Following are the ways: Collection: The people who will conduct the research should be given proper training and development. This will enable them to know different ways though which data can be collected. Formatting: Information collected should be presented in an proper manner and in order to do that professional can be called and they will be helpful enough to provide them training. Storage: Annual report of cafe will be used and could system will be used as it will enable to store unlimited information and that also with proper security (Stoldt, Dittmore and Branvold, 2012). Disseminating: Stakeholders will be able to access the information with the help of cloud system. They will be able to get the information and details of the firm. 4.3 Strategy to improve access to systems of information and knowledge to strengthen the business There are different type of strategies that can be implemented through which access to information can be improved. In this context. Following are the strategies: Information that is collected from external and internal sources should be reliable and sustainable. Organization should make use of different systems like SAP, MIS, etc. This is helpful to track the data and to improve the performance (Stevanović, 2015). Firm can make use of SWOT analysis as it enables the management to know threats and opportunities in the market. There should be informal meeting. This will help in developing strong relationship and trust. Further, they will develop a feeling of importance for them by the company. Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  13. CONCLUSION Interaction has many benefits but it is also important that organization have employees who will be able to support the firm to achieve their goals and objectives. Employees should be provided with proper motivation and encouragement so that they will be able to put on their full efforts on the roles that are given to them. Further, research should be conducted before business is established. It will enable to know the perception of customers towards the products and services that they want to provided. In addition to this, it also provides them with the opportunities that prevail in the market through which customers can be attracted. A Sample Report on Managing Communication To Buy Complete Assignment Writing Service *Contact Us* Email - help@assignmentprime.com Website- https://www.assignmentprime.com Phone - +61 879 057 034 Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

  14. REFERENCES Axelsen, L. N., Calloe, K. and Nielsen, M. S., 2013. Managing the complexity of communication: regulation of gap junctions by post-translational modification. Frontiers in pharmacology. 4. pp.130. Barak, M. E. M., 2013. Managing diversity: Toward a globally inclusive workplace. Sage Publications. Dickins, P. R. and Germaine, K., 2014. Managing evaluation and innovation in language teaching: Building bridges. Routledge. Domenech, J., Baños, R. and Botella, C., 2013. Design considerations of a randomized clinical trial on a cognitive behavioural intervention using communication and information technologies for managing chronic low back pain. BMC musculoskeletal disorders. 14(1). pp.1. Harvey, C. P. and Allard, M., 2015. Understanding and managing diversity. Pearson. Nachtergaele, L. and Dauwe, W., 2014. Towards solutions III: Managing people: Communication, participation, planning. Oprescu, F., Campo, S. and Morcuende, J. A., 2013. Parents Managing Clubfoot: A Content Analysis of Internet Based Social Support Behaviors with a Focus on Uncertainty Management and Health Communication. The International Journal of Interdisciplinary Social and Community Studies. 7(3). pp.83-101. Song, L., Northouse, L. L. and Mood, D. W., 2012. Study of dyadic communication in couples managing prostate cancer: a longitudinal perspective. Psycho‐Oncology. 21(1). pp.72-81. Stevanović, S., 2015. The importance of managing communication in media relations for creating the business image of public utility Assignment Prime is one of the leading assignment writing service providers in Australia. We deliver all types of assignment help and writing services as per students needs.

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