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Using and communicating business information at a Technology College.

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´╗┐WHAT TYPES OF INFORMATION: Verbal information: Verbal information is when you have a face to face conversation. This helps you more to understand the basic point. Nowadays it?s not possible to meet any one in person to have meetings. Telephone communications are useful way to communicate. Speech enables complex ideas to be expressed and discussed. Talking is one of the most comfortable ways to communicate. In washwood heath Technology College the headmistress has verbal conversation with the teachers and the students. The teachers explain the task or the work to the students through verbal conversations. Like this it is easier to understand what the teacher expects from the students. Written information: Writings is the the use of physical symbols to represent words. Diagrams, pie charts and graphs can be used to represent the information. All forms of numerical representation can be included under this heading as well. Economic, social and technological development was produced with written information. In washwood heath Technology College there are books to to represent information and the tasks are set on written papers for them so they can work. Multimedia information: Multimedia means multiple forms of media integrated together. Media can be texts, graphics, audio, video and data. ...read more.


OPPORTUNITIES: A business should have a developing market like internet selling products on the internet. There should be mergers, joint ventures or strategic alliances. A business can have an opportunity by moving into new market segments that offer improved profits. If a new international market is introduced it will be a greater opportunity. A market vacated by an ineffective competitor is one great opportunity. Washwood heath Technology College can have its local site and develop more interest in other people so more students move to that school. THREAT: A threat is a new competitor in the home market. Price wars with the competitors are threats. A competitor with an innovative product or service. Competitors having superior access to channels of distribution are a threat. If taxation is introduced on a product or service it?s like a threat. If washwood heath technology college is closed by the government due to some issues that is a threat. If more schools are opened in the same community that is a threat to the school. Offering competitive insight: A business needs to be aware of what their competitors are doing, to make sure they do not fall behind and loose sales and market shares. ...read more.


Commercially provided databases: Many private research organisations specialise in building up databases of people who are known to have interest in certain products and services. There are many market research agencies where lists may be purchased by businesses that wish to target these customers via direct mail. This can help washwood heath technology college they won?t have to do any research to find out about who has got interest in their school that will be already done for them. Research: Research is gathering of any data, information and facts for the advancement of knowledge. Organisations conduct research to find out about their markets, views of their staff. The purpose of any market research project is to achieve an increased understanding on the subject matter. Market research is very helpful to washwood heath technology college it helps them find out what rank are they standing on and their competitions with others. Reliability of data sources: While gathering information the important thing is that if the gathered information is accurate or not. Many newspapers have printed articles with the agenda that influences the way they interpret information. Information on internet should be treated with more caution. Washwood heath Technology College makes sure the information is reliable and valid before they used it because that?s only how information can be used in the best way. ...read more.

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