Communicate in a Business Environment Additional Questions 1. Understand the purpose of planning communication 1.1 Explain the benefits of knowing the purpose of communication The purpose of communication is to allow the exchange of information‚ ideas‚ concepts‚ emotions‚ thoughts and opinions. The benefit of knowing this is so you can use communication as a tool‚ it is needed to be able to learn‚ teach and explain things to others. We communicate in a Business Environment to maintain effective
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CU685 Produce documents in a business environment. 1. 1.1. The different styles of documents that could be used are spreadsheets‚ data sheets‚ slide shows‚ letters‚ fax documents and memos. The documents could be printed or they could be electronic format. 1.2. When you create a document and store it onto your computed you can save it as different formats e.g. plain text (.txt) Microsoft word (.doc). PDF is another format that can be used but is not editable but you are able to change the
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the current economic environment of the organization. In order to access the current economic environment of Tenet thoroughly‚ a strategic management approach is necessary. The economic environment is not static – it is ever changing. For the healthcare industry‚ the change of this is increasing (and increasing at a greater pace); this is referred to as whitewater change. Health organizations have embraced strategic management as a mechanism for coping with the increasing amount and pace of environmental
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of management and the roles and responsibilities of the company’s board of directors in the strategy-making‚ strategy-executing process. LECTURE OUTLINE I. Introduction – Crafting and executing a strategy are the heart and soul of managing a business enterprise. II. What Does the Process of Crafting and Executing Strategy Entail? 1. Crafting and executing a company’s strategy is a five-phase managerial process: a. Developing a strategic vision of the company’s long term direction‚ a mission
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they get regular customers by giving them loyalty cards‚ promotions such as “buy one get one free”‚ discounts and other special offers. Sainsbury’s are getting regular customers which bring in more profit which then can be used to help expand the business even more. Customers demand cheaper products so local and national stores such as Sainsbury’s will try to have the cheapest products for customers to buy which then encourages competition between the stores‚ whichever store has the cheapest price
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Business Economics Problem Set 1 1. The Social Security system provides income for people over age 65. If a recipient of Social Security decides to work and earn some income‚ the amount he or she receives in Social Security benefits is typically reduced. A. How does the provision of Social Security affect people’s incentive to save while working? The provision of Social Security will decrease people’s income after tax this leads to people not to save incentives while working. B. How does
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The two campaigns I will I will be using to describe how they have manipulated the promotional mix are Virgin Media and Tesco‚ looking at how they balance out the 6 aspects to find the correct correlation between them to help push their organisation forward in terms on promoting their products and services‚ nevertheless this does not mean that any of the organisations have to use all 6 of the promotional mix methods to find what’s best for them. The 6 promotional mix methods are: 1. Advertising-
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Economic development flourishes our life，but our environment is deteriorating with the growth of the economy. The present serious environmental problems are largely caused by rapid economic development. For example‚ land resource are shrinking because of industrial environment and the expansion of cites. We excessively exploit nature and ecology‚ which is threading future generation. We shouldn’t sacrifice environment to develop economy‚ because if we sacrifice the environment for economic development
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According to Doing Business Report 2012‚ the most notable indicator of ease of doing business in France is Enforcing Contract which ranks 6th out of 189 countries (The World Bank 2012). This high rank is driven by the data enforcing a contract average takes 29 procedures‚ 331 days and costs 17.4% of the value of legal claim when a contract breach happens(The World Bank 2012). It is generally appreciated that contract is significant important for doing business such as resolving commercial dispute
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Code Subject Title Area Credits 1 COM 625 Accounting Theory Acc & Fin 3 2 COM 600 Managerial Economics Gen. Mgmt 3 3 COM 626 Financial Management Acc & Fin 3 4 COM 601 Quantitative Techniques Gen. Mgmt. 3 5 COM 620 Marketing Management MM 3 6 COM 602 Economic Environment of Business Gen. Mgmt. 3 7 COM 615 Organizational Behavior OLS 3 GM = General Management; Acc. & Fin. = Accounting
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