OP7411 Level 6 Graduate Certificate in Business Assignment Answer

This is tha assignment answer of OP7411 Level 6 Graduate Certificate in Business.

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Assignment Solution Of OP7411 Level 6 Graduate Certificate in Business Assignment

Assignment Activity 1. understand a variety of business concepts, processes and procedures relevant to public and private organisations

To understand business processes and procedures, first you need to know what an enterprise is.

An enterprise is a company or organization that produces goods and services. It starts with three things: the organization, the people, and the customers.

Business Concepts-

A business concept is a brief description of an idea behind the existence of a company.

This is an idea that helps consumers with their problems. It tells you how to think about the problem and what to do when you have an idea for a business.

Business Processes-

Business processes are the foundation of any company and without them, a business would not be able to function.

A collection of related activities or tasks brings together people who help one another create products for customers which will lead to an increase in revenue.

Without these stages, there can be no sales. First, we need to produce goods from materials before they become available on store shelves for people to buy.

Business Procedures-

A procedure is a document that tells people what to do. It tells people when they should do it and by whom.

Procedures are usually written so that employees can do their job. They help people in different jobs, like healthcare administration or retail.

Procedures are there to make sure people do their job the right way and don't get hurt!

Assignment Activity 2. identify opportunities, solve problems and achieve business objectives

You can identify opportunities, solve problems and achieve business objectives by managing risk appropriately.

A company's primary responsibility is to successfully meet customer needs and expectations for an established standard of quality all while being profitable in the process.

This is such a difficult task that it has been said "leadership is the ability to rise above the noise and distractions of daily living to discern the true mission and vision of one’s organization."

There are many challenges that face an organization when they are trying to succeed and hectic day-to-day operating activities leave little time for leadership development or strategic thinking.

Organizations can reduce the risks of something happening by identifying items with high levels of uncertainty.

This way, they know what risk tolerance level they should set before it happens. This will make them more proactive in their thinking.

Another way is by keeping communication channels open and effective.

It is important for companies to motivate their workers. If they are not motivated, they will not work as hard. Unmotivated workers are a sign of a bad company.

A business needs to have good people and make sure they are well educated. The more educated the people, the better the company will be.

Assignment Activity 3. select and apply appropriate qualitative and/or quantitative techniques.

Quantitative methods are often used to measure things that can be quantified, such as money or points.

These involve observations and statistics which provide an objective perspective on the world we live in by analyzing data collected through polls, questionnaires, surveys and computational techniques.

Qualitative research is by its very nature exploratory, and it's used when the problem at hand isn't fully understood. It can be also applied to see what issues are most important or go deeper into an issue that has been identified as a concern.

1.Using quantitative analysis works better if you want to confirm or test something (a theory or hypothesis).

2.Qualitative research, on the other hand, is used for understanding concepts and thoughts from participants.

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