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BUS100 Business Skills and Management SUSS Assignment Sample Singapore

The BUS100 Business Skills and Management course offers students a comprehensive exploration of the core principles underlying successful business practices. It examines how we can create and sustain value in organizations, develop relationships between those leading and working collaboratively within them, and navigate the environment in which our organizations exist.

Students learn to apply their knowledge in practical ways to develop professional analytical and problem-solving capabilities which they will be able to use as they move forward in their business careers. This program of study is invaluable for anyone wanting to gain a robust foundation of current business management techniques.

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Explored in this section, we will highlight multiple assignment tasks. These include:

Assignment Task 1: Define types of business functions, business problems and managerial decision-making processes.

Business functions refer to the specific activities that a company performs in order to carry out its operations, such as recruiting and marketing. Business problems are any issues that arise for a company and need to be solved, such as declining sales or integration of technology.

Managerial decision-making processes involve coming up with the best possible solution to a business problem, looking at all available options and weighing them against each other according to what is most feasible and beneficial for the business. Through their application of skills and knowledge, managers are able to assess different outcomes and make an informed decision on what action should be taken.

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Assignment Task 2: Describe key performance indicators in business.

A key performance indicator (KPI) is used to measure how well an organization is achieving its goals and objectives. From customer satisfaction ratings to staff retention levels, KPIs can be tailored to the unique needs of a business. Generally speaking, KPIs should be simple yet powerful measures of success. KPIs should enable stakeholders to make informed decisions about their company’s performance, allowing them to track progress and identify areas in need of improvement.

With effective data collection and analysis, businesses can use KPIs to generate insights into potential problems while adapting strategies accordingly. Ultimately, defining the right indicators allows businesses to accurately assess their current performance and set achievable goals for future growth.

Assignment Task 3: Summarize insights and make recommendations.

Summarizing insights and making objective recommendations can be invaluable to a business. Evaluating findings and forming actionable strategies can help a business identify areas where improvement is necessary in order to reach its goals. With thoughtful analysis, the perfect combination of data, creativity and insight can be leveraged to develop innovative approaches and foster successful outcomes. It is important for companies to remain open-minded when considering new approaches. By having the courage to explore fresh ideas, businesses have the potential to unlock the untapped potential that leads to profitable results.

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Assignment Task 4: Apply analysis principles and spreadsheet techniques to analyze business issues.

Analyzing a business issue is an often overlooked but necessary task. Applying analysis principles and spreadsheet techniques can make the process easier and reduce the chance of errors. These tools can provide the means to study trends over time, assess feasibility, and report progress or potential pitfalls in an organized and comprehensive manner.

They also offer ways to generate cost/benefit and profitability ratios that help decision-makers assess the impact their choices can have on both long-term and short-term goals. Efficiency and accuracy are paramount when dealing with business issues, making the use of analysis principles and spreadsheets essential for delivering reliable insights that influence crucial decisions.

Assignment Task 5: Identify modeling strategies to deal with the changing business environment.

Successfully dealing with a changing business environment requires strong strategic planning skills. Modeling strategies can provide valuable insight into how to best approach and navigate an ever-evolving market. To develop such strategies effectively, organizations must first analyze their current market trends and customer behaviors, understanding which areas are in need of improved performance or further development.

This analysis should also consider external factors that may have an impact on the company’s future objectives, including new competition and shifts in industry standards. The data collected through this process can then be used to build predictive models that anticipate future technical changes and customer demand. By identifying these insights ahead of time, companies can better focus their resources to remain one step ahead of their competitors and continue driving long-term success in an ever-changing business landscape.

Assignment Task 6: Analyse data for better planning.

Accurate and reliable data analysis is crucial for efficient business planning. Gathering insights from data can help to identify problem areas, understand industry trends, and make informed decisions about the future. Without analyzing data, organizations would lack the insight into their performance that would be required to make well-thought decisions about how best to progress.

Data analysis not only provides information but allows organizations to adjust their plans depending on the results obtained. Investing in the right tools and techniques gives businesses access to timely and relevant data which can be used strategically in order to stay ahead of their competition. Consequently, taking a data-driven approach allows organisations to accurately measure their success and plan accordingly for further improvement.

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