MANAGING COMMUNICATIONS, KNOWLEDGE & INFORMATION

Managing Communications, Knowledge & Information

Managing Communications, Knowledge & Information



Introduction

This paper intends to talk about managing communication, knowledge and information in relation with the success of businesses. This assignment is divided into two parts; first being related to a start up business and second is the assessment of case study related to organizational communication. In today's business environment; the most important aspect in order to achieve underlying success remains the smooth management of communications, knowledge and information. Only those businesses run successfully which have sound systems for managing information, communication and knowledge. The purpose of this paper is to provide readers an idea about the significance of organizational communication and the manner through which the organizational communication must be maintained. The paper is essentially divided into two parts.

Part One

The basic Purpose of Part one assignment is to provide an outline about starting up a new business. Starting up a new business is always demanding and rewarding. Similarly, starting up the business in the world of retail industry provides several important challenges. The biggest question in today's business environment remains that whether business must be established online or typical bricks and mortar. This part of the assignment will provide an outline for starting up a new business. The report would include a discussion over the different decisions need to be made along with the list of internal and external sources of information. Improvements within the methods used in the selection and analysis of information needs will also be recommended. This part of the assignment will also make several strategies to increase the personal networking skills along with involvement in the decision making process. A list of stakeholders and other professionals for the decision making process will be provided. The purpose of this part of assignment is to provide relevant information about the business start up.

Decisions Related to Business Start Up

There are several important decisions that need to be made regarding starting up a new business. Starting up a new business is not an easy job in today's extremely competitive environment. The challenges seem to increase if a retail establishment is in focus to be started up. There are several important questions which remain extremely important and needs to be answered carefully while making decisions to starting up a new business. For instance, going online or starting up with a typical bricks and mortar establishment is the most important question these days. The strategies to cope up with competition remain another important aspect of decision making. The business to be discusses within this assignment is related to opening up a fashion retail outlet. There are several important decisions that need to be made in this regard (Manzoor, 2012 Pp. 1-10).

The first important decision of choosing the business has been done and fashion retail outlet has been selected to go with. The next important decision is to whether start up with online establishment or typical brick and mortar. I have decided to go with typical brick and ...