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MGT502 Business Communication Report Sample

Instructions

1. Write a critical argument up to a page on the topic selected in Assessment 1 Part A.

2. Use the annotated bibliography resources from Assessment 1 Part A for sourcing evidence and ideas for your argument. Review the resources critically and select at least 5 to be used as references for this assessment.

3. Please consider the following factors, when forming the argument:

- A good argument is convincing whereby the premises are acceptable, the supporting evidence is relevant to the claim and provides sufficient grounds for acceptance of the claim.

- You will be expected to form an academic and financial argument in favour, or against, utilizing the communications solution in the modernworkplace.
- Make a clear point and justify it.

4. Please structure your argument as follows:

- Title page
- Introduction: provide a short introduction with a claim.
- Main body: with a logical structure including supporting evidence from academic sources.
- Conclusion: a concise conclusion which restates your claim and summarises your argument.
- References: please provide the reference list on a separate page.

5. Please use at least 5 in-text citations. Indicate logical connections and use connecting words

6. You are strongly advised to read the rubric, which is an evaluation guide with criteria for grading your assignment—this will give you a clear picture of what a successful forming an argument looks like.

Solution

Introduction

The purpose of the study is to explore how communication in the context of business environments influences profitability. Communication is considered to be a great tool for improving business performance and bridging the gap between the different stakeholders. There is a strong link between business profitability and business communication. Communication for assignment help is the main driver of growth or development in a profit-making company. Employee management and client management are performed using balanced and effective communication.

Evaluation

Communication is a method or process that develops a proper and effective resolution. It enables the transfer of the opinion from one person to another person within the organizational task leading the worker towards productivity and performance to approach the organizational objective or goal. Intelligent leaders value prosperity as an ultimate straightforwardness. As expressed by Kim 2019, the effective communication of corporate social responsibility helps to improve brand reputation and enhance customer trust in the business leading to the reduction of customer acquisition cost and improvement of the organizational market share and customer loyalty. Nayati et al (2019) further revealed that marketing communication in the context of the business helps to improve organizational effectiveness and efficiency within the business context.

Small and medium enterprises focus on expanding their network using the mobile communication system for marketing purposes. Zhu et al 2020 believe that the organization considers the referral process as a means of communication that helps to improve the business network and enhances the firm's profitability in the context of the market. This process of referral reduces the competition and increases the market share with the profit-sharing process. According to Sanina et al (2017), the good relationship between the stakeholders especially the Government and the management of the organization is largely dependent on proper communication and transparent reporting of the financial transaction of the organization. Lucas & Rawlins (2015) found that the company reports transparently to the government regarding the profitability income and also depicts the taxation process of the organization leading to better compliance. An employee with a good and effective ability for communication increases the firm's profitability and enhances its effectiveness within the context of the organization.

Conclusion

It can be said that the argument that has been developed in favour of the business communication positively influencing the business is justified as the proper communication and effective approach of the organization provides a high degree of profitability to the business protecting it from compliance and enhancing customer loyalty to the businesses. It is the proper and effective communication within the organizational culture that helps to improve the productivity and performance of the organization with a high degree of profitability among the stakeholders.

References

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