Assessment 3 – Business ReportTask instructions ContextYouareamemberofthemanagementgroupofyourchosen organisation.Atarecent executive meeting,your CEO mentioned that the business should enhance its preparedness given recent events within and outside the business. Specifically, the reference was in relation to some reports and articles in the business press about a management-related issue. The issue may have implications for the industry as a whole, but more importantly for the business in the near future. Your CEO is interested in hearing more about the issue and has tasked you with finding out more information.Your starting pointIn Week 5 (tutorial 3), you will be given two pieces of information that will help you start on this assessment: 1) An organisational profile and 2) A link to a sample article.The organisation profile (one page) depicts an organisation that has been identified specifically for you and is based on several successful Australian firms that operate across a wide range of sectors/industries. We have previously interviewed a few of these firms. Some firm-related information is provided in the profile and you can make more assumptions about the nature of the business, if need be. The profile will outline a “real world” business issue within the short description that’s provided.The sample article given to you will help you with the context (see section above). The article will be focussed on the specific business issue outlined in the profile.The article is just an example and should be used as a stimulus for further investigation of the matter.You should research the business issue using the article and locate additional relevant pieces of evidence on the same topic. Ideally these should be sourced from quality publications i.e., peer reviewed journals. Summarise the key points about the business issue across all pieces of evidence and think about what they may mean for your organisation.Your taskThis assessment task requires you to identify, analyse and address abusiness issue outlined in your chosen organisational profile.You would start the report by identifyingand introducingthe business issue (i.e., the ‘what’ question and its implications for the business). This would involve summarising the key points and considering the implications for the business. You would further prepare a detailed report that examines the underlying reasons for the issue (the ‘why’?), and how best to address the issue (the ‘how’?) providingsuccinct recommendations for the business in moving forward.When completed, the report will be forwarded to the CEO for consideration. Tips for writing the report: Use the template on the following pages to structure your report. You can modify the structure any way you like but be sure to include a cover page that has your name, student number. You should also provide the context for your issue so your reader can take this into account when considering your report. Please note there will be a 5 mark deduction for Reports which are less than 1350 words or more than 1650 words. The title page, executive summary and reference list is not included in the word count – in-text references are.Assessment Item 3: Due to be uploaded to Safe Assign by 11.59pm on Friday 27th October 2017.[Business Report Title]Brief descriptionof your business (a few sentences):Assessment Item 3BSB115 – Management[Name][Student Number]Format: Ariel 11 or Times New Roman 12; 1.5 line spacing and a Word Document. Assignments which are 10 percent over or under the word limit of 1500 words will have 5 marks deducted.The report could be structured around the following headings: Executive summary– You need to provide a synopsis of the major parts of the report, summarising its key elements ((e.g., the purpose (including the business issue), the approach, the findings, the conclusion, the recommendations, etc)). The executive summary provides the essence of the report and is generally written after you have written the below sections (half to one page maximum).1. Introduction – You need to introduce to your CEO the business issue in focus(i.e., the ‘what’? questionand its implications), what management functions /theories are relevant and why, and how the issue is going to be addressed.2. Defining and framing the Issue –You need to identify the underlying reasons why the issue has arisen in the first place (the ‘why’? question). As part of this, you will need to frame the issue in relation to the current practices with management functions (including supporting theory/theories) that may have contributed to the issue. You should include some consideration of any relevant environmental factors (internal/external) that may have influenced the issue.3.Addressing the Issue – You need to show how you will address the underlying reasons that have contributed to the issue by outlining changes to the existing practices with the identified management functions (the ‘how’? question). Your arguments need to be supported with reference to theory/theories that endorse the new approach.4. Conclusion – You need to provide a summary and evaluation of the key findings of the report. You may choose to identify some limitations and/or assumptions associated with the findings that reader of the report should be aware of.5. Recommendations – You need to provide no less than two and no more than three recommendations on the courses of action that the business ‘should’ undertake.These recommendations should clearly and succinctly outline a suggested plan of action i.e., where to from here. Recommendations should be based on the interpretation of your findings and should typically be in point or numbered form (one or two clear sentences and should not include citations or content not previously addressed). Relevant aspects of the SMART framework should be used in outlining the recommendations.The report needs to be structured, written and presented in such a way that the CEO will have no problem reading and understanding it. This also means that you need to provide justification and support for your analysis/arguments.