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Title

Fundamental of Business Management

BS7026
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Introduction
The content of this module, a framework for consulting business, allows creators to improve
their agreement on advertising, accounting, HR, business activities and innovation spaces, as
well as additional important basic information.

Through online observation and use of the SimVenture app, we gathered under the name of
Quimo, and the group found a way to explore a variety of career opportunities, such as
correspondence, needed to transfer data while on the go. The titles of each office are as follows:
clear. As with all experiences, collaboration was a key factor as it helped the group deal with
assumptions arising from different perspectives and emotions and resolve conflicts. Basic
reasoning, which involves humans' ability to assimilate, investigate and interpret data from
multiple games today, intelligently probes them to act appropriately to achieve the goal of
solving difficulties.

In the second part of the game dedicated to the work experience, my colleagues needed to know
how to innovate, because most of the work is done on the Internet and you need a path with a
personal computer as well as a variety of applications. Other employment opportunities such as
adaptability, inspiration, customer care, and customer relationships have also been used and
tested in a controlled gaming environment.

Each game mode required an alternative based on the operations of each office and data obtained
from the game scenarios, so business outcomes changed with each game mode being redesigned.
The specific step that had a clear impact on the creators was the moment when they accepted the
image data, found out how to gradually complete it, and followed advice on situations that
ensured the results provided by the consultant. Participants will be able to understand the various
advertising system setup ideas derived from advanced market intelligence and competitive
research reports, conduct and monitor marketing tasks and cycles to solve customer problems
and assumptions, and study financial information and their results. You can support our
advantage. This exercise generated a cumulative benefit for collectors, the largest number of
workouts.
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Marketing
Collins' phrase describes the marketing as "an association that proposes an object to determine
the value of the object, the domain to serve and how to advertise it." Twin (2020) advertised as
"an event for an organization that seeks to promote the purchase or sale of administrative results.
This includes marketing, selling, and delivering goods to customers or to various organizations."

In the game I saw an important demonstration that had an impact-

1.) Commissioning the right or legitimate showcasing and rivalry report for fitting division,
target and situating This empowered the group to take an advanced advertising direction rather
than the customary. Being an advertising focused organization, Quimo consistently began with
appointing the promoting report to have the option to dissect and decide the right client fragment
to target. As indicated by Blythe (2009), organizations that are centered around being
showcasing focused will consistently have the client's necessities as their essential thought.
These clients are isolated by their prerequisites and items with slight contrasts are offered to the
changing gathering. This procedure permits the organization to give the requirements of a bigger
crowd altogether on the grounds that every client section's necessities will be happy with the
acquisition of the somewhat changed items coming from the organization. When Quimo has set
the legitimate portion and target clients, we had the option to understand the appropriate situating
of our items regarding the opposition report.
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Source: STP Marketing Model - Segmenting, Targeting, Positioning

(expertprogrammanagement.com)

2) Develop the right organization through appropriate campaigns and create advertisements or
advertisements to help the organization. The audience decided to present a mix of newspaper
advertisements and traditional magazines. To make it work, the creators noticed that they were
receiving sporadic notifications during the first 3 months and wasting a lot of time renewing
them again during the 3 months. This proved to be more effective when we followed the notice
to cover a period of 6 months from the beginning. With this, there will never be a drop in ads that
can lead to the expected market across the business. They also created a website to help with
computer advertising. This has helped Quimo achieve the ultimate goal of any advertiser. In
addition to traditional screens and computer screens, it is to attract and interpret these business
interests for a large number of customers that can be reasonably anticipated.

3) Accurate Assessment-As part of advertising, Quimo promoted a variety of businesses to

remain profitable. The adoption of a motion-based point system helped Quimo increase the
number of questions or questions converted into findings. Maintaining profits was the goal of the
game, as margins and costs were constantly being considered, so Quimo constantly asked for
market valuations. Depending on the candidate's evaluation and the client's development, a limit
of 2% to 5% was used. This allowed us to attract customers and purchase products at a more
affordable price than our competitors. Mixen (2019) says, “Limits aren't just good for customers.
It is also helpful for business. From expanding your business to a better reputation, limits can be
a measure of your business success. "

Finance
Corporate finances "manages financing, capital design, and cash the executives to help amplify
returns and investor esteem."

Financial management will be the primary responsibility of an entrepreneur or business leader

(Shephard, 2020) as it manages the legitimate organization, coordination, management and
management of the organization's transactions and financial assets.

Quimo employees have the opportunity to demonstrate their financial knowledge and
comparable scientific interpretation ability by ensuring that operating expenses such as office or
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office rentals, product creation costs, representative compensation and advertising costs do not
exceed the company's base funds. To them. Start the rest. This is achieved by completing the
assignments, objectives and tips mentioned in SimVenture. In fact, it can be compared to a
perfect start-up strategy.

Quimo also continuously reviews financial gains and failures to ensure accurate capital input. As
the information has been updated, Quimo wants to fulfill its obligations to our partners and
suppliers.

An essential part of financial management involves valuation of capital required, such as asset
management and consequently stock determination. Within the game, this helped ensure that the
organization did not exceed its requirements in response to the negotiation requests Quimo
received. As a result, the organization had enough stock to meet the needs of its customers
without overwhelming the offices received at the meeting, and it had no impact on the
organization's overproduction of raw materials and inventory, which had no impact on income.
These are all risks related to the financial position of the company, and are influenced by the
resources or commitments underlying financial sponsors who want to properly understand and
audit the organization.

Human Resource
To understand what human resource management represent the board of directors in society, we
must first characterize what human assets are. In general, human resources are anyone who
comes into contact with an organization's workforce that contributes to the achievement of
society. Human resource management can be entrusted to someone who is willing to sacrifice
their efforts and abilities, and they can be as persistent as paying their time to improve society.

HR can be a representative who is considered a solution to one of the organization's important

assets or businesses, and an individual working in an organization or unit within a society who is
responsible for solving any identified problems. As a result, managing HR means managing the
workforce and taking care of everything that is identified.

SimVenture reminded us of the need for a deeper understanding of human behavior in relation to
Quimo, and legal administrative enforcement, which can be as simple as delaying or shortening
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an individual's working hours, can influence one's disposition and conduct towards their work
and ultimately that individual's efficiency.

In-game, it was built up that appropriate administration of representatives frequently lead to

having a sensation of belongingness. It was additionally seen that a cheerful workforce leads
prompts a workers' increment in effectiveness and efficiency. It was seen in the game when the
representative's mindset was acceptable and at a high appraising which would be a consequence
of a reasonable remuneration, having ordinary working hours and not being over-worked or
over-burden. On the off chance that the worker feels that the person is being underestimated by
the executives, it would regularly prompt a feeling of rejection all things being equal and would
contrarily influence a representative's commitment to the organization.

Operations
Organizing strategic policies to support professional excellence in business or society is called
the activity of the committee. Ensuring that the organization's assets are used with maximum
performance and adequacy is done in this area of the business. This administrative law covers the
proper distribution of materials, equipment, innovations and labor to produce valuable labor and
products that will benefit society.

While successful boards require a variety of roles and responsibilities, some of these important
opportunities affecting public or international organizations are described below.

1) Item plan - This includes the location, layout and manufacturer of the actual item presented to
the customer. In the game, Quimo reorganized various designs, designs, and objects after
learning about the customer's disposition so that the product not only meets the needs of the
customer, but also adapts to the current market pattern.

2) Measurement - related definitions include measurable predictions of potential events by

examining available past and present information. This study determines the use of raw materials
required to make the basic components when appropriately assessing potential usage patterns.

In the game, inactivity time has benefited from accumulated obstacles due to the concomitant
shortcomings without legal organization and measurement. It helped when the salary of the
creation changed accordingly.
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3) Functional chains and supply stores-In order for an organization to imagine a viable business,
the board must be able to manipulate the creative cycle to get the raw materials it needs to
successfully verify the end result. ... By constantly monitoring inventory management, assembly
cycles, distribution, transactions, and recruiting suppliers to distribute critical goods at incredible
prices, business managers manage the entire store chain. Sustainable assembly events, low
operating costs and convenient freight transport for customers will benefit if the production
network is properly handled. In addition, the warehouse network board must continuously apply
the functions of the organization, such as multiple vendors, transportation options, and in any
case redistribute the organization capable of performing components similar to those created by
the organization.
Normally, the offer of things would not end from creation since activities chiefs would likewise
be in control of the conveyance of the products. Quimo's activities have ensured that the right
goods are delivered according to customer requirements and are conveniently delivered on time.

Technology
Innovation plays a fundamental role in helping businesses run smoothly today. The use of
innovative devices must be constantly reduced to the ultimate goal-the productivity of the
products that come with them-

1) Correspondence - To reach as many customers as possible, organizations today rely heavily

on innovation. In particular, the mobile phone approach has evolved greatly from the need for an
employee's daily life. Organizations can find reuse offers and quickly respond to customer
inquiries and questions. Through informal messaging and communication, mobile phones have
evolved beyond organizations and customers into an engaging marketing stage.

2) Customer service - Innovation should be extended to connect organizations and customers

closer by channeling applications as scheduled as soon as possible so that all seats are limited to
perfect customer opportunities. Web chat can be a great location because customers can
constantly ask and find solutions.

3) project management - Programmable board project can be used to assign levels, gather
information, and evaluate potential goals and objectives. It can also be used to track group
progress and progress reports for specific interventions.
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4) Conferencing - This innovation is useful because you can reduce travel and conference costs.
For example, during the COVID-19 pandemic, attending meetings and rallies was very difficult,
and holding meetings was critical to running an organization without compromising the well-
being of employees.

Conclusion

Source: Gibbs' Reflective Cycle | Career Skills Training from EPM

(expertprogrammanagement.com)

Description of the experience

SimVenture was a very interesting learning tool in this module. This allowed us to evaluate
various business situations and test potential actions related to pre-determined situations.

My feelings
My needs were an acceptable and experienced set of people. I think it's common for everyone to
measure how they will react to big situations and find ways to move forward together. Emotions
were constantly controlled and we always shared a vision when faced with choices.
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An Evaluation
The great piece of the experience was tied in with having the option to be given genuine business
situations and being compelled to be basic and objective on our choices to keep our business
productive. The awful thing about it was here and there, we were by and large excessively
imprudent to a state of a specific smugness that it was only a game and put together a few
choices with respect to emotional presumptions as opposed to utilizing the information that we
had.

Analysis
Positions were redistributed among people, and I think people created a stronger dynamism when
we were in a situation that was generally familiar and very interesting. As we practice more and
more, people have the opportunity to use more and more basic reasoning and use the available
figures and information along with goal-oriented thinking to select interconnected actions that
pose a specific risk.

My conclusions
I think I could do it differently when I had the opportunity to continue working. I wonder. The
test I found was that I wasn't so involved or overwhelmed with the fact that I didn't invest
resources in my work, and I was wondering what to do without investing 100% of my abilities.

Overall, it was a great meeting to play SimVenture as a way to learn the basics of business. This
created the possibility that a company's prosperity would depend on an individual's design,
planning, and family abilities, making the organization and its employees imagine the path and
face several challenges. Consistently support the needs of your customers as needed and
constantly adapt to your capabilities.

I have consistently accepted that workers will consistently be the life saver of the organization
and ensuring that they are very much taken minded of is similarly essential to making a benefit.

Action plan
If I have the chance to suddenly relearn in a game like SimVenture, I want to bring my attention
and energy to the same level wherever I am. Playing with the Quimo group was morally active
and our commitment was crucial in our prosperity or disappointment in each situation.
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