Communication is one of the important tools that support entities in expanding their business across the world. Managing communication is the tool in which managers of the organization monitor the activities in order to complete the task within stipulated time and quality. Knowledge and information play a significant role in managing communication, with the help of sufficient information managers can make sound strategic decisions for the growth of firms. The present report is based on the ALDI food shop which is working in the UK as a medium-size organization (Stadtler, 2015). The cited firm is planning to open a food shop for selling high-quality nutrients in the European market.
The current assignment will discuss the range of decisions taken by management for expanding their business and information need by them to accomplish an objective. Several stakeholders of the organization will be identified whose decision any influence the business goal. For improving the process of ALDI, several strategies will be illustrated in this study (Lock, 2014). A personal development plan will be created to improve own communication skill. In addition, existing approaches of collection, storage, formatting, and dissemination will be covered in this report.
1.1 Range of decisions taken by an organization
The strategical verdict is an important part of firms, a sound business decision can support in increasing profit of the entities and accomplishing their objective significantly. ALDI is aiming to enter into the non-UK country and wants to provide quality food to consumers. For that cited firm needed various information, resources so that it can establish in the new market successfully (Tannenbaum, Weschler and Massarik, 2013). For starting up a new food shop, ALDI needs to take a range of judgments, which are described as below:
For taking such types of decision, top authorities get involved in the discussion. It includes discussion about policies, norms, mission, objective, etc. Higher management level persons communicate their views and on the basis of discussion final decision is taken by the involved persons (Drew and CoulsonThomas, 2013). In addition to this, strategic level people discuss technologies needed for the task, issues in the business operations and accordingly they take judgment so that cited firms can successfully run its business in the Europe