Definition Business Synonym - Essay Example

?Business Syno (2) Table of Contents Question One 3 Question Two 5 Question Three 7 References 9 Bibliography 10 Question One The best way to find out the content of the case study is to have a thorough reading of it. While approaching this synoptic module, I found myself a bit apprehensive merely because of the fear of the unknown. Moreover, I have never been confident enough in my research and coursework writing skills. It can be revealed that the business synoptic module that I undertook has been exploratory in nature. It helped me to investigate on matters relating to the problem that Nestle faced. Furthermore, it helped me to understand and evaluate my research and analytical skills. I came through the understanding that it is not easier to write a case study since it requires a thorough understanding of the subject matter (Academic Writing World, 2011). Case studies are generally non-interventive and empathic. Good case studies are often quite reflective (Stake, 1995). While undergoing the case study assignment, I went through several stages in order to get it done. There are different steps that I followed in order to complete the assignment within a stipulated time period. According to Cranfield Business School, there are three stages for learning the case method. They are ‘individual consideration of the case’, ‘discussion in the learning team’ and ‘discussion in the full class’ (Rosier, 1998). While conducting this case study assignment I had gone through various stages. At first, I read the cases in order to gain an overall understanding of it. After I viewed the questions it became quite difficult for me to get the answers of the questions asked. Therefore, I thought of reading it once again. After reading it twice I got to understand what the questions exactly meant and how they could be answered. Therefore, I learnt that it is essential to read the case study twice in order to get an idea of what the case wants to reveal. My motto was to keep the reader interested in the situation. I decided to arrange for the information, come at the conclusion and reveal the readers adequate information so that they don’t have to work hard. After reading the case study, I decided to search for the related article that has been written before about my case. After having collected maximum information I was perplexed to certain extent since I didn’t know where to fit those answers. In that case I decided to sort out the relevant ones which would be useful to answer my questions. By doing this I could solve the entire question. While conducting the research work I had gone through multifarious theories. However, all theories could not be taken up for the purpose of solving the case study. Only few theories were taken into account (GTTP, 2011). The diagram below shows the stages of the process of case study Question Two I have planned to have a boundary-less career in the near future. Boundary-less career represents work life in modern organisation placing too less emphasis upon the internal boundaries. This type of careers is disconnected from a single employment setting and is segregated from the conventional organisational career arrangements (GreenHaus & Et. Al., 2009). According to my views if anyone has non assets specific skills, then they can pursue boundary-less careers. These types of skills are generally transferable to all the organisations. It is worth mentioning in this regards that the transferable skills are acquired from the colleges and the universities that can be transferred in employment. The transferable skills are problem solving, interpersonal skills, teamwork and general communication (Assiter, 1995). Case study analysis has helped me to integrate various transferable skills such as problem solving skills, self management skills, and communication skills and also understanding multi-cultural differences. The study also helped me to properly manage and inculcate my learning’s into application and also to manage various aspects of study module in writing the solution of the problems asked in the case study. Therefore, this business synoptic helped me to enhance my communication skills, analytical skills, leadership, creativity, willingness to learn and ‘attention to detail’ (University of Southern California, 2011). The figure below helps to gain a better understanding of the transferable skills Through the utilisation of problem solving skills I was able acquire an in-depth understanding of the various facets of the business activities in emerging countries by Nestle. I also recognised the important aspects related to gaining competitive advantage and sustainability through global business activities. The module also helped to link the two concepts together, i.e. strategic management concept and management accounting concepts. I understood how the concept of strategic management such as supply chain management if linked with the customer focused accounting concept can lead to increased sales and profitability and would also help to stimulate the productivity. The role of time factor in management seems to be increasing. If the managers try to manage their own time as well as the time of the company, then they can learn hidden reserves and can gain surplus resources leading to improved competitiveness and effectiveness. While solving the case study, managing the time was one of the difficult factors. I found it to be time consuming. However, after reading the case twice, it helped me to solve the case within the stipulated period of time (Baba, n.d.). Question Three This synoptic module prepared me for the issues and problems that I might encounter in the professional world. It also taught me to look back and integrate my previous skills and knowledge (The Higher Education Academy, 2011). Among the entire questions, I personally found question one to be the toughest and most time consuming. Since it was a synoptic module it was not the revision of the work that has been studied earlier. It was selected to focus upon the issues with which we are familiar with and while working on those issues we got the opportunity to explore them in-depth. The figure below shows the barrier encountered in completing this project While solving question one, I faced initial difficulty understanding certain technical terms which were used made it somewhat difficult to comprehend. I had to seek for the guidance of academic articles through the help of search engines and also various concepts learnt in the classroom were integrated by me to alleviate this difficulty. I also had to integrate different tasks in order to reach a proper conclusion before writing the solution of the case questions. The task was quite unique and different from my previous task, which made it initially a bit difficult to chalk out a proper plan for completing the task so that it was completed within the stipulated time. This made it quite cumbersome. While viewing lot of journals, I came to realise my shortcomings in writing skills while assessing and communicating my own thoughts. However, I felt motivated latter after I sorted out the irrelevant information. Other questions had been quite easier and I felt quite relaxed since I could properly manage the time for rest of the questions. Due to this reason I didn’t have any last minute panic when deadlines day loomed. References Academic Writing World, 2011. Need Help with Your Case Study Assignment? Case Study. [Online] Available at: http://www.academicwritingworld.com/assignments/case-study/case-study.asp [Accessed March 09, 2011]. Assiter, A., 1995. Transferable Skills in Higher Education. Routledge Baba, E. B., No Date. The Role of the Time Factor in the Managers Function. Abstract. [Online] Available at: http://ageconsearch.umn.edu/bitstream/53577/2/19_Bacsne.pdf [Accessed March 09, 2011]. GTTP, 2011. How to Write a Case Study. What Is A Case Study? [Online] Available at: http://www.gttp.org/docs/HowToWriteAGoodCase.pdf [Accessed March 09, 2011]. Greenhaus, J. H. & Et. Al., 2009. Career Management. SAGE. Rosier, G., 1998. Extending the Value of Case Study, Using Reflective Reports. Abstract. [Online] Available at: http://www.management-development.com.au/Nottingham98Rosier.pdf [Accessed March 09, 2011]. Stake, R. E., 1995. The Art of Case Study Research. SAGE. The Higher Education Academy, 2011. Dissertation, Projects and Synoptic Modules. Assets. [Online] Available at: http://www.heacademy.ac.uk/assets/hlst/documents/guides_to_current_practice/dissertations_projects_and_synoptic_modules.pdf [Accessed March 09, 2011]. University of Southern California, 2011. Transferable skills. Handouts. [Online] Available at: http://careers.usc.edu/docs/handouts/Transferable_Skills.pdf [Accessed March 09, 2011]. Bibliography Feldman, D. C. & Thomas, D. C., 1992. “Career Management Issues Facing Expatriates”, Journal of International Business Studies. Vol. 23, Iss: 2, Pp. 271-293. Granrose, C. S. & Baccili, P. A., 2006. "Do Psychological Contracts Include Boundaryless Or Protean Careers?", Career Development International, Vol. 11 Iss: 2, pp.163 – 182. Goh, A., 2011. Financial Accounting Synoptics. Scribd. [Online] Available at: http://www.scribd.com/doc/50316532/U50092-module-guide [Accessed March 10, 2011]. Provitera, M. J. & Esendal, E., 2008. “Learning And Teaching Styles In Management Education: Identifying, Analysing, and Facilitating”, Journal of College Teaching & Learning. Vol: 5, Iss: 1, Pp: 69-77. Rosier, G, 2002. "Using Reflective Reports to Improve the Case Method", Journal of Management Development, Vol. 21 Iss: 8, pp.589 – 597. Read More