Business Communication

Legal factors affecting affecting business What is Organizational Law? Organizational law is comprising the bodies of law that govern standard legal entities. such as business corporations, partnerships, cooperatives, limited liability companies, etc. What does Employment Law refer to? Employment law is the collection of laws and rules that regulate relationships between employers and employees. Employment laws say when an employer can hire employees and when the employees can work. How are Consumer laws defined? Consumer law involves all the regulations and statutes that seek to create a more equitable balance for buyers in the marketplace and prevent sellers from using dishonest tactics. What is Securities Law? Securities laws are the laws and regulations governing financial instruments such as stocks, mutual funds, and bonds. These rules are designed in part to prevent fraud, insider training, and market manipulation, while also promoting transparency through a com...

  Basic Accounting Why do you think accounting is seen as boring?  I think accounting is considered a boring career because it is closely related to numbers and mathematics, also as we are mentioned in the reading, many people do not know how varied the world of accounting is and the different careers that exist in the field of accounting. Which of the jobs mentioned would be most interesting for you?  The job that most interested me was that of auditor because his main job is to avoid risks that may affect your company, supervising that the existing controls are adequate and that the governance processes are effective and efficient. Although I think it is one of the most responsible jobs, it is interesting to know how to keep track of all the financial accounts of a company. Why is it so important for accountants to be ethical? Accountants must be ethical professionals because of the risks to which they are exposed, that is, they must follow very strict rules and do e...

 Integrated Business Planning What is “Integrated Business Planning” (IBP)? Integrated Business Planning (IBP) is an expanded form of Sales and Operations Planning that spans the end-to-end value chain of a business and ties strategic objectives. What is “Sales and Operations Planning” (S&OP)? Sales and operations planning is an aspect of supply chain planning. It draws input from an organization’s key functional areas, including sales, marketing, manufacturing, distribution, and finance. What are the similarities between IBP and S&OP? S&OP and IBP both need supporting data, help align forecasting with capacity, and guide senior management in their planning decisions. It allows evaluating alternative scenarios and determining the best S&OP and IBP decisions for the organization. What are the differences between IBP and S&OP? What are the differences between IBP and S&OP?  How does the IBP process work? Te process begins by integrating stra...

  INFORMATION TECHNOLOGY & COMMUNICATION 1.      What is Managing information withing and outside the organization? Management Information is an umbrella term that encompasses all the systems and processes within an organization for the creation and use of corporate information, has meant deploying new technology solutions, such as content or document management systems, data warehousing or portal applications 2.      What is the importance of it? Its importance stands out mainly for the business processes and practices that underpin the creation and use of information. It is also about the information itself, including the structure of information, metadata, content quality, and more. 3.      What are the new technologies that companies have to manage for communications purposes? ·         web content management (CM) ·         document...

  Quality Management Task 1  What is Quality Management? Quality management is the process in charge of overseeing different activities and tasks within an organization to ensure that products and services offered. What is the objective of Quality Management? The main objective of management system is to improve quality of products or services your company provides, including high accuracy, compliance with applicable standards, and high customer satisfaction. Which are the key components of Quality management? 1.       Quality Planning: The process of identifying the quality standards relevant to the project and deciding how to meet them. 2.       Quality Improvement: The purposeful change of a process to improve the confidence or reliability of the outcome. 3.       Quality Control: The continuing effort to uphold a process’s integrity and reliability in achieving an outcome. 4.    ...

  Human Resources Task 1  Define Human resources.    Human resources (HR) is the division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs. What is the role of human resources? HR plays a key role in developing, reinforcing and changing the culture of an organisation. Pay, performance management, training and development, recruitment and onboarding and reinforcing the values of the business are all essential elements   What is Capital? Capital is a broad term that can describe any thing that confers value or benefit to its owner, such as a factory and its machinery, intellectual property like patents, or the financial assets of a business or an individual. In your opinion, is human resources necessary?  In my opinion HR is important because this area is a critical business function that helps companies succeed in hiring employees, keeping them engaged, ...

Resource Management  Task 1  1.What is Resource Management? Resource Management is the process of utilizing the types of business resources efficiently and effectively. It refers to the planning, scheduling, and future allocation of resources to the right project at the right time and cost.   2.Mention what is the importance of Resource Management in business. It is important because, Resource Management plan enables businesses to optimally utilize the skilled workforce and improve profitability. Also, the plan enables businesses to utilize the skilled workforce and improve profitability optimally.   3.What are the Concepts and Components of Resource Management? 1.      Resource scheduling: involves identifying and allocating resources for a specific period to different project tasks. It also facilitates you to deploy the competent resources to the right job to finish the project within budget and time. 2.    ...

  Task 2 What are the key differences between management and administration? The administration oversees making decisions for the benefit of the organization, while the management makes decisions, but always within the limits imposed by the administration of that organization. The functions of the administration are executive and government. Management includes legislation and determination. The administration oversees formulating policies, the management oversees executing these policies. Administration is a series of high-level actions; management is based on business and functional level activities. The administration is the nucleus from where all the standards are created to act and execute within an organization. As management, it is a systematic way of managing people and things within an organization. Management focuses on managing people and their work done. The administration oversees making the best possible use of the resources of an organization. The adm...

Administration   Provide a definition of administration.  It is the process of planning, organizing, directing and controlling the use of resources to achieve organizational objectives, it helps to coordinate work activities so that they are carried out efficiently and effectively with and through other people.   Concepts of Administration  the techniques and procedures available for its planning, organization, direction and control of its resources, in order to obtain the greatest possible benefit from them.   Universal functions in Administration  Planning. Understood as the conceptual structuring of the elements of the organization, taking into account the mission to be fulfilled and a vision of the future of the company or organization. Organization. It is about the coordination and synchronization of the parts of the company, to establish their tasks and sequences of carrying them out. Direction. The tasks necessary for the manage...