Essay on Working in Business - 649 Words

Task The purpose of the assessment is to produce a professional presentation on an aspect of professionalism in the workplace. In the tutorial in week 3 (tutorial 2) your tutor will issue a presentation topic to your team and spend some time discussing how you might approach it. The topics are: * Team Diversity Your team needs to research the topic and prepare a professional presentation to the board of directors of SOUND WAVE, an Australian ELECTRICAL EQUIPMENT RETAILER with 68 stores and 3,500 employees. Your presentation should be structured as a PERSUASIVE PROPOSAL; your aim is to convince the board to implement your recommendation. Introduction The purpose of this presentation is to discuss a current issue affecting the†¦show more content†¦The rationale for using teams is that there are inherent synergies, such that the team is greater than the sum of its parts. Teams allow both functional specialisation and collaborative interaction. Organisations should seek to form the most effective teams from their employees Australian workplaces are amongst the most diverse in the world. Many generations of immigration have created a diverse range of cultural backgrounds. The workforce is aging. There are more females employed and more employees come from non English speaking backgrounds. More people are shifting employers and occupations, bringing with them a greater range of skills, experiences and value sets. As the workforce becomes more diverse, so too will work teams These changes represent a challenge to Australian management. Diverse work teams operate differently to homogenous teams. There tends to be greater friction, conflict and communication problems. However, there are substantial potential gains to be made. There is strong evidence that diverse teams produce more creative and effective outcomes. In a dynamic environment where innovation and differentiation create strong competitive advantages, organisations need to harness this creativity. As illustrated in Figure 3, there are three major components ofShow MoreRelatedThe Importance Of Working Capital For A Business1505 Words   |  7 Pagesby the business to provide customers’ needs, indicates the importance of working capital. This paper seeks to examine the importance of working capital to a business. By definition, in order for a business to conduct its daily operations, such as payment of wages, the purchase of raw materials, it requires funds which are referred to as working capital which also covers overhead costs. In simple terms, working capital is money available to a business for its day-to-day operations. Working capitalRead MoreIs Social Business Working Out?1403 Words   |  6 PagesIs Social Business Working Out? Social networking has never been more popular, with social tools accounting for 20 percent of all online activity, per ComScore (Laudon Laudon, 2016, p. 65). Many of today’s employees are already well versed in the basics of public social networking using tools such as Facebook, Twitter, and Instagram (Laudon Laudon, 2016, p. 65). Social media is the next wave of the digital transformation that started with the web (Holmes, 2015). Social media has already profoundlyRead MoreThe Importance Of Working Capital For A Business1352 Words   |  6 Pagesimportance of working capital to a business. By definition, in order for a business to conduct its daily operations, such as payment of wages, the purchase of raw materials, it requires funds which are referred to a, working capital which also covers overhead costs. Companies aspire to maintain their cash at a desirable level in order to offset liabilities on maturity and the availability of production materials require by the busi ness to provide customers’ needs indicates the importance of working capitalRead MoreWorking With Complex Business Environment1420 Words   |  6 PagesTo cope with complex business environment, all companies need measurement and management tool to evaluate and control operations. Bernard Marr (2013) a leading business and data expert believe that if management tools are properly used they can be powerful enablers of changes and actions in companies. Currently, the world’s six most widely used management tools are as follows:Strategic Planning, Customer Relationship Management, Employee Engagement Surveys, Benchmarking, Outsourcing and BalancedRead MoreReport On A Business With Working Full Time948 Words   |  4 PagesHere s How to Start Your Business While Working Full-Time By Christie Uzebu | Submitted On July 12, 2015 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Christie Uzebu You want to stand on your feet, kick-startRead MoreWorking With Group Is Important For Any Business Essay1060 Words   |  5 PagesWorking with group is important for any business because partnership, communication and time administration skill can be gained by group work (Davenport Prusak, 1998). Group work helps to solve the problem and meet the goal easily. In different business situations such as real world problem, mismanagement and work with new employee, I participated simultaneously. As a group member I did the things listed below: Communication I shared my knowledge to the other member and contributed to the effortRead MoreWorking For A Business Or Starting A New One Essay1405 Words   |  6 Pages â€Å"Working for a business or starting a new one â€Å"is a debatable issue that has been raging for many decades, with no end in sight. In the simplest form some people don’t prefer to be controlled by someone or routine work and some others can accept that! They don’t prefer to take a risk of starting their own businesses. Opposers suggest that you ll actually consider the beginning of your startup to a greater extent a side interest than a living, and you ll be less inspired to sustain it to realizationRead MoreEssay about Working in Business Portfolio2175 Words   |  9 PagesWorking In Business Portfolio Context Introduction p3 Section 1 – Intrapersonal effectiveness p4-5 Section 2 – Interpersonal effectiveness p6-7 Section 3 – organisational effectiveness p8-9 Conclusion p10 References p11 Introduction In working in business subject BSB 124, it aim to develop an understanding of the skills require to work effectively in a professional businessRead MoreWorking Towards A Business Administration Degree1992 Words   |  8 PagesIntroduction Students who are working towards a business administration degree may be considering opening their own business. WAIT a minute; in school students don’t learn how to start a business. Students learn skills in: Math, Statistics, Accounting, English, Economics, and more. Even though they don’t necessary learn how to start a new business, students gain knowledge on necessary skills that they may need to operate a business. When a person opens a business it usually means he/she is an entrepreneurRead MoreDells Working Capital Business Case1128 Words   |  5 PagesAssigment 1 Dell’s working Capital Student number Name Class 0804809 Shu Pei Sun BE37 †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Question 1: Kennis Inzicht Toepassen x x 5 punten Calculate the level of working capital for Dell for the years 1994, 1995 and 1996. (Please show the full calculation and formula’s used) The total current assets in 1996 are: $ 1.957.000 The total current assets in 1995