LB5231 Corporate Responsibility and Governance Report 2 Sample

Still, Looking for LB5231 Corporate Responsibility and Governance Report 2 Sample? You’ve reached The Right Place!

Order Now

LB5231 Corporate Responsibility and Governance Report 2

This task requires you to consider the impact of business decisions from different perspectives and then write a cohesive argument to support others’ points of view rather than your own. This task is also designed to improve your business research skills. Researching the business environment is an important skill for any manager.

You are required to research a particular problem in sufficient detail to be able to discuss the problem from differing points of view, presented in the form of two media articles (editorials). If you consider differing stakeholders and the impact that the problem will have on them, you will more easily be able to construct different cohesive discussions.

The task is more difficult than it sounds because of the limited word count that you are given. Within this limited word count, you are required to mount a lucid and convincing argument about the topic from two different points of view. Remember these must be different perspectives on the provided case and therefore should have a different expected outcome. As there are two different expected outcomes, there will be different discussions that lead to that outcome.

As this is an academic piece within a different format in-text citations are not required, however (and this is important), you must include a bibliography. A bibliography includes all places where you have found information about the topic, even if you have not included any specific information in your work.

Required: Write two media articles in the form of editorials (500 word limit for each editorial), one for each of two different media outlets that have different readerships, owners and perspectives (for example, if you choose print media, your two editorials might be from “The Courier Mail” newspaper and the “Australian Financial Review” newspaper). You do not have to restrict your choice of media outlet to print, you may choose digital media platforms such as news blogs and similar. You may, as an example, choose one editorial to be written for a print medium such as the “Australian Financial Review” and your second editorial for the web news outlet “Huffington Post Australia”. Each media outlet you choose must have a different audience and should be owned by different stakeholders. You will need to research the style of editorial/opinion pieces that each of your media outlets provides and prepare your own editorials accordingly. These outlets have different concerns and points of view and you are expected to write each editorial giving regard to these differences. The case that you will base your editorials upon is provided in the ‘Assessment Task 2’ Assignment Content section of the subject site. The topics to focus on include governance partnerships, board ethics, leadership and roles (Topic 3-7).

Solution

Media Article

First Article

A business problem is an obstruction that a business encounters while operating a business and it can affect business performance or values. A business problem can refer to the faced challenges by the organization that can categorized into different types such as revenue, reducing costs, improving customer service, and increasing market share.

The first media article named “Business Problems” can identify the business problems such as:

- Financial problems
- Employee turnover
- Marketing
- Time management

Purpose of the business problems

The purpose of the financial business problems is to help a business to make informed decisions about its financial health and performance. Business finance is the funding a business needs for its commercial purposes. It is the money that allows business owners to start, run, or expand the business. Financial problems for university assignment help can happen due to financial instability, it can measure risk management. Employee turnover business problems losing good employees, sometimes it can lose competitors also (sciencedirect.com, 2024). This problem affects the company’s culture and its benefits to compensation structures. The purpose of marketing business problems plays an important role in solving various business challenges regarding market-related issues. It can help to attract new customers, generate business leads and improve customer relationships. The purpose of time management is to help businesses with poor work quality and reduce business stress.

 

Figure 1 : Concept of operational efficiency
(Source : Barmuta et al., 2020)

Content of Business Problems

Many of the common business problems that are familiar come down to operational inefficiency, lack of communication, and dependence on technology that is out of date which creates a negative effect on productivity in this article. It is also challenged by market competition, dynamic customer demands and economic changes. However, this can add the regulatory risk management along with limited resource management. Business problems such as low employee satisfaction level, and lack of strategic planning can be conceptual business growth too. Handling these demands brings to need for the use of adaptive solutions as a means of being competitive and sustainable.

Business Problem Analysis

Business problem analysis is a set of techniques that can help identify and evaluate business problems. It can help to understand the business problems and their context, to manage a business problem, establish a basis for measuring success, and initiate basic of cost-benefit analysis. Financial problems can analyse the financial statements, calculate business financial ratios and identify the core issues related to business. Employee turnover analysis will help the HR department know about the business. This analysis can calculate the turnover rate of employees. Time management analyses the management problems and uses a problem-solving framework to identify the business root generate solutions and implement the business plan.

Structure of Business Problem

Business problems come in two different varieties such as “structural” and “functional”. These two types can address the business problems within a larger problem framework. It is solved that the overreaching problem is addressed, but if a solution to a sub problem is incorrect, it can lead to revaluating solutions of business to other related business problems. Employee turnover can cause by different factors such as business comprehension, company benefits, and for work-life balance. This problem can reduce productivity and increase the time spent “recruiting”, “: training”, and “on boarding new employees”. Marketing problems can be categorized to represent different levels of complexity and impact on the business. It can understand the business framework that can help to identify the business marketers and address the right problems.

Second Article

The second article that faced business problems was named “Problems of Economic Development of Small Business in the Real Sector”. In this article identifies three types of business problems such as:

- Higher Costs
- Supply Chain
- Balancing quality and growth

Purpose of the Business Problems

The purpose of higher cost management in a business can impact negatively to a company’s profitability and sustainability. Some of the problems retrieved from these issues such as reduced net profit, and loss of customers. Higher costs can harm businesses which can lead to business losses while pricing them too high might drive away from the customers. Understanding the higher budgeting that allows for more accurate budgeting and financial planning. Managing the supply chain is a big task for businesses, and a lack of supply management can affect in business. The purpose of supply chain business problems is to identify and address business issues that can impact a company’s supply chain operations. Supply chain management includes meeting customer expectations and quality and adapting to changing demands. Balancing quality and growth helps to business growth and enhance customers. Business growth is considered expanding the business product line or exploring new markets.

 

Figure 2 : Macroeconomic problems
(Source : Puspitawati, 2023)

Content of Business Problems

Business problems include higher costs, supply chain and balancing between quality and growth. Rising cost affects business profits, and supply chain disruptions that create inefficiencies. However, achieving sustained growth is required for scaling operations without compromising the product quality, which can have a good impact on business and continuously balance their customer companies.

Business Problem Analysis

Higher cost analysis is the process that can calculate the potential earnings of a business from situations that remove the total cost associated with completing it for the business. Higher costs can analyse the business problem to understand the problem. Supply chain problem analysis can help to identify and improve the inefficiencies in a supply chain, which can lead to better operation efficiency with the lower costs, and improved the customer satisfaction. Balancing quality and growth can help to improve the company through the lens that will drive long-term quality.

Structure of Business Problem

A business's higher cost structure is the sum of all the ways it pays its bills, and it can be a factor that can enhance the business's profits. Cost structure refers to various types of costs, fixed and variable that makes up a business’s overall expenses. The supply chain manages the customer service, financial cost, and risk management and maintains supplier relationships with the employee retention. Balancing quality and growth is setting realistic business goals that establish clear goals for both growth and quality. It can ensure the achievable and aligned with the overall business strategy. This quality and growth can prioritise quality products that are made with top priority and ensure that company products or services meet or exceed customer expectations.  

Reference List

Barmuta, K.A., Akhmetshin, E.M., Andryushchenko, I.Y., Tagibova, A.A., Meshkova, G.V. and Zekiy, A.O., 2020. Problems of business processes transformation in the context of building digital economy. Entrepreneurship and Sustainability Issues, 8(1), p.945.

Puspitawati, L., 2023. User Competence And Business Digitalization For The Successful Performance Of The Financial Statements. Jurnal Akuntansi.
Saidakhmedovich, S.T. and Bekhruz, U., 2022. PROBLEMS OF ECONOMIC DEVELOPMENT OF SMALL BUSINESS IN THE REAL SECTOR. Galaxy International Interdisciplinary Research Journal, 10(10), pp.624-628.

sciencedirect.com,2024 about retrieved on 12.11.2024 from https://www.sciencedirect.com/topics/computer-science/business-problem

Fill the form to continue reading
Would you like to schedule a callback?
Send us a message and we will get back to you

Main Services

Highlights

Earn While You Learn With Us
Confidentiality Agreement
Money Back Guarantee
Live Expert Sessions
550+ Ph.D Experts
21 Step Quality Check
100% Quality
24*7 Live Help
On Time Delivery
Plagiarism-Free

Our Samples

Get Instant Help
University Assignment Help

Still Finding University Assignment Help? You’ve Come To The Right Place!


CAPTCHA
AU ADDRESS
81 Isla Avenue Glenroy, Mel, VIC, 3046 AU
CONTACT
+61 493416265
EMAIL
support@uniassignmenthelp.net