hello This assignment is Business report 2 I already done Business report 1 I will provide you instrucations file and Business report 1 You have to follow report 1 to do report 2 and try to write in your own words and simple word because my teacher is really strick
Business Report Part 1 Complete the following and submit the D2L Dropbox folder: a. Company name: Crunchy meal- Special Street food b. My role in the company: Procurement Manager c. Findings Research: Question (Objective) How has the supply risk affected the business in the recent time? Supporting Points: · Not be able to meet the demands due to the disruption of late deliveries. · Loss in sales in each month from 10% to 15%. · Customers choose another food companies for not getting their food products due to shortage of raw material. · Loose our customer to other companies to 10%. Title: Small business supply chain disruption Sentence: “Supply chain disruption can impact the business operation of small businesses through loss of demands and breaking up of customer base” Page or Paragraph: 3 Link: https://www.forbes.com/sites/williamdunkelberg/2021/07/28/small-business-supply-chain-disruptions/?sh=7642a4927a60 Question (Objective) Is the supply chain disruption happening because of external suppliers? Supporting Points: · Suppliers in our company are external, it is reason for the disruption. · Our company rely on the vendors for the supply of food materials; it can cause the delay in supply chain by 15%. Title: Supply chain disruptions Sentence: “Suppliers and logistics networks can impact the supply chain operation”. Page or Paragraph: 2 Link:https://www.accenture.com/usen/insights/consulting/coronavirus-supply-chain-disruption Question (Objective) What are the consequences faced by company? Supporting Points: · Food company are facing high competition because 10 new food companies opened. · Company highly drops down their 20% sales and because of increasing competition · Wastage of foods is also a big issue. · 20% wastage has increased as compared to 2021. Title: 4 key business issues driving food and beverage companies Sentence: Consumer preferences and behaviors changed during the pandemic and will continue to evolve in 2022. Page or Paragraph: 1 Link: https://rsmcanada.com/insights/industries/food-beverage/4-key-business-issues-driving-food-and-beverage-companies.html d. Recommendation Section Research: Question (Objective) How the disruption in supply chain can be mitigated in the business? Supporting Points: · Effective supply chain can create a potential customer base for the company. · The needs of the customers can be fulfilled in real time. · Creating a contingency and backup plan will be helpful for reducing supply chain issues. Title: 5 Ways to mitigate supply chain disruption effects on your business Sentence: “By creating a contingency plan can make an effective supply chain operation for the business” Page or Paragraph: 5 Link: https://blog.shift4shop.com/mitigate-supply-chain-disruption Question (Objective) How the supplier problem can be resolved in the supply chain of the business? Supporting Points: · Identifying the right suppliers for the business. · Negotiating the terms and conditions of the business with the suppliers. · Keeping the support of back up suppliers will be helpful in case of emergency. Title: Supply Chain Risk Management: 10 Strategies for Success. Sentence: The supply chain is the gas that makes the motor run for manufacturing and retail. Without it, you have no product to sell, no inventory to stock, and no revenue to earn. Page or Paragraph: 1 Link:https://global.hitachi-solutions.com/blog/supply-chain-risk-management/ Question (Objective) How can we solve issues which has risen in company? Supporting Points: · Implement the effective strategies such as reward program and point system for purchase. · Preservation of food decreasing wastage of food by 12%. · Introduce deal pack for food on quite nights. Title: Strategies to Reduce Food Loss and Waste Sentence: Restaurants and food manufacturing companies all over the country are making it a priority to reduce their food waste and loss Page or Paragraph: 3 Link:https://foodsafetytech.com/feature_article/strategies-to-reduce-food-loss-and-waste/#:~:text=Compost%20to%20Cut%20Food%20Waste,company%20to%20take%20your%20leftovers. e. Business Report Figure: Include a copy of your business report figure that you will be including in your business report. ISSUES IN THE COMPANY Do not meet demand0.14000000000000001Rely on Vendors0.15Wastage of food0.16External Vendors0.15High Competition0.4 MGMT1201: Business Communication V3 © Bow Valley College 2020 1 Business Report Part 2: Report Body (17%) {Individual Assignment} Use the Formal Business Report Style Guide (module 7) to help you write and format all the sections of the business report. Del iverable: Prepare the Report Body of this business report (Word document) with the following: • Introduction • Findings • Summary • Recommendations • Reference Page - Complete a properly formatted reference page. • Include the business report figure (chart, graph, or diagram) from Part 1 in the analysis or recommendation section. • Include your company name and logo on the report that your team designed earlier. • Use APA 7 format for citations and the reference page. Include the page or paragraph number with your citation as completed in Part 1. Instructions: Plan 1. How do you use the information you prepared in Part 1? • Findings Research: your findings section is 300 – 500 words. When you look at the information you have gathered, you will see that one of the questions likely has better information, will be more impactful to the CEO when reading your report, and will tie in better with your recommendations. For example, if I had two questions in the findings, such as, (1) How has the increased competition affected your company and, (2) how has the employee morale been affected? and I was able to determine that question 1 was better related to my company problem, had excellent research material, and aligned with the recommendations, I would develop the findings section based on question 1. Note that I still mention that employee morale has declined (question 2) within the findings section, but I don’t elaborate on the content from question 2 in the findings section. As you have just a few paragraphs (300-500 words), developing just one idea is important. • Recommendations Research: As per the report instructions, your recommendations section is 150 – 300 words. When you look at the information you have gathered, you will have to determine the most important recommendations and place them in order from most important to least impactful. Elaborate on the most important items (2-3 items) for your business. State the others in a sentence or two. You are now ready to begin writing your draft of the business report. MGMT1201: Business Communication V3 © Bow Valley College 2020 2 Write 2. Use Microsoft Word, follow the Formal Business Report Style Guide for detailed instructions , and create the body of the report as follows: a. Introduction: Explain the purpose of the report and what led up to the current problem (less than ½ page). Do not discuss the problem (this is in the findings) or solutions (recommendations). b. Findings: This is the largest section of your report in which you present your research of the problem. You will summarize the current problem your company is having, followed by current research demonstrating the effects of this issue (short and long term) if not dealt with. Do not include any recommendation in the findings. For example: i. Introduction paragraph • start with a story, quote, question or something interesting related to the problem. • State the problem • Provide some history to the problem • Thesis (purpose statement) ii. Body section (1 paragraph) • Extent of the problem (how bad is it? What happened? Why should we be concerned? Is there research to back up this concern?) • Who is affected or how are they affected? (stories, examples) iii. Body section (1 paragraph) • Cause/Effect (because of this problem, this has happened) • Repercussions of the problem (if we don’t solve, this will happen) (is there research to add credibility to your situation?) c. Summary: The summary relates back to the introduction, restates the thesis (purpose statement) and summarizes the key points from the findings. No recommendations are included in the summary. There is no new information presented here. This is summary of the key points of the findings and is not more than one-half page in length. If the summary of information includes lots of data, a table or chart format would be recommended to ensure easy readability. Note that the summary section comes before the recommendations section. d. R eco m menda tion(s) ( N ext S t ep s ) : T h e reco m m en d a t io n ( s ) a re a ct io n it em s t o res o lve the problem identified in the findings. T he recomm enda tion( s ) ( s o lu t io n t o t h e p ro b lem ) s h o u ld : • demonstrate what will work to fix this problem, what will not work or possible oppositions, and why your recommendation is the best solution. • in c lu d e t h e co s t s , res o u rces , a n d /o r t im elin es t h a t a re req u ired t o im p lem en t y o u r reco m m en d a t io n . R em em b er , y o u h a v e n o t y et im p lem en t ed t h e reco m m en d a t io n s . • be presented in paragraph format. However, if there is a list or steps required, present this in a bulleted format (use numbers only if there is a sequence to be followed or an order of importance for your recommendations) MGMT1201: Business Communication V3 © Bow Valley College 2020 3 e. R ef eren ce P a g e : Include a list of the sources used in the report following APA 7 formatting. Review 3. Revise your written draft using topic sentences, transition words, and simple, yet business professional language. 4. Follow the Formal Report Style Guide (Module 7 Resources) to see the proper document requirements of a formal business report including headings, page numbers, alignment and spacing, fonts and font size, and language. 5. Use APA 7 format for citations and the reference page. Include the page or paragraph number with your citation. 6. In-text citations can include direct and paraphrased quotes. No quote will be over 40 words. Citations are specific to a sentence within your source. Do not paraphrase or make assumptions on an entire paragraph or abstract. 7. Submit in the D2L Dropbox, Business Report Part 2. Your assignment will be evaluated in accordance with the Rubric attached. Rubric 7 C’s of Effec tive Communication and the For mal Business Repor t Sty le Guide Complete: • The information provided is specific to the company and management role, follows the Formal Business Report Style Guide, and effectively answers the questions with relevant information as follows: o Introduction – includes the purpose of the report and the scope (125 to 250 words) . o Findings –evaluates a current problem (based on role) and its effect on the company, and repercussions if not resolved (300 to 500 words). o Summary – summarizes the findings only (125 to 250 words). o Recommendations – recommendations solve the problem in the analysis, includes costs/timeline, and how this will fix the problem (150 to 300 words). o Business figure – a minimum of one original, visual image o Reference Page – a properly formatted reference page • APA citations and references are used to build credibility and are directly from the source (pg. or paragraph number included) • The audience needs, values and priorities have been considered (pg. 149) • All questions or constraints that the audience may have are answered (pg. 149) / 10 MGMT1201: Business Communication V3 © Bow Valley College 2020 4 Conc ise: • Message/words are to the point (extra words removed) (pg. 179) • Appropriate length (350 - 550 words) • Paragraph length is controlled (20-30 words for small paragraphs/ 40 -80 words for typical paragraphs) (pg. 179-180) • Short and simple sentences (in most cases) (pg. 180-181) • No redundancy (i.e. same content/words repeated in sentences) (pg. 181-182) • Avoids empty phrases or wordy prepositional phrases (pg. 182) • Avoids adverbs / 7.5 Concr ete: • Key ideas are effectively supported with strong evidence and recommendations are logical and based on report analysis • Logic and reason are provided and build credibility in the message (no faulty logic, weak analogies, exaggeration, and unsupported generalizations) (pg. 157-159) • Credible research and data (recent, reliable and relevant) support the message (pg. 397-398) • The information is well-organized (structured) and in a logical order (pg. 152-157) • Uses concrete and specific words to clarify the meaning (not vague and abstract) (pg. 17 8). / 5 Consider ate: • Positive in tone (can-do, confident,