How Businesses Operate at The Burberry (GC080)

Table of Contents

Introduction.

TASK 1.

The business environment

LO1 AC 1.1, 1.2, 1.3.

1.1 Types of organizations found in the public and private sector

1.2 Different structures within the business.

1.3 Local, national, global, economic and environmental impact on business.

Explain how business objectives differ between organizations.

Impact of current national and global environment on business.

Task 2: Business function.

LO2 and LO5 AC 2.1, AC 5.1, AC 5.2.

1. Importance of accounting for business success.
2. Different functions carried out by the HR department in business success.
3. Key features of employment legislation.

Explanation of the benefit of employment legislation to employees and businesses.

Impact of employment legislation.

Task 3 Accounting workshop.

LO3 AC 3.1.

1. Information on profit and loss account

Use of business ratio to analyze business performance.

Use of budget

Profit and loss accounts.

TASK 4 Teams.

LO4 AC 4.1, 4.2,   4.3, 4.4.

4.1 Analysis to determine own and others’ roles.

4.2 Detailed notes which can support future training events.

Stages of team development

Assess three motivational theories.

Describe types of leadership styles.

Appropriation of using different leadership styles.

Impact of leadership style on employees.

TASK 5 Customer service (refer to ppt.)

LO6 AC 6.1, 6.2.

6.1 Impact of customer service on business success.

6.2 Benefits of customer profiling to a business.

Impact of customer service on business success.

Analysis of customer profiling help to delivering targeted customer service.

Conclusion.

Reference

Introduction

A business is an economic system or an organization that sells goods and services to the customers through the exchange of money (Ward, 2015). Governments invested for the activities that are business-related to present new and latest features of the business. Thisassignmentrevealsonthe new business of Burberry. However, this assignment is divided into four main tasks. On the other hand, it assesses the number of organizations that are recognized in the working section and the ownership in several businesses’ positions in the world.

Burberry is a famous fashion retailer in the UK that provides different latest clothes both for men and women. Burberrysellsits products and services in the business market which are already developed to generate educational platforms to increase brand image and brand awareness among the young generations.

TASK 1

The business environment

1.1 Types of organizations found in the public and private sector

Different types of organizations are found in the private and public sectors. In the UK, there are a number of organizations which are explained as follows:

Public sector

The government owns or operates several functions of the public sector organizations. Several essential services are provided to the citizens by these public sector organizations (Privacy Sense, 2017). Such as, NHS is recognized as the public sector organization in the UK marketplace and it provides a number of services for the citizens of the UK.

Private sector

Private sector organizations are organizations where a country’s economic system operated and funded by the government or other organizations. Then, the private sector is mainly operated just for profit-making intention (Privacy Sense, 2017). Such as, Burberry is an organization that is privately operated that provides a number of cloth products to its potential consumers.

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Sole trader

As Cox (2015) notes, the sole trader organization’s structure is simple to operate its business and it is not so expensive to establish this type of business. Such as, Kurt Geiger is the organization for the footwear which supplies shoe’s soles. However, this sole trade creates the latest trendy and quality footwear for men and women.

Partnership sector

Partnership business means when an organization is operated by at least two partners who invested for business (Cox, 2015). Such as, a Housing partnership is a partnership sector organization that offers information about housing as well as creates skyscrapers for the country’s development.

1.2 Different structures within the business

A number of organizational structures in the business organization deal with different factors. A number of organizational structures are followed by both public and private sector organizations. These are the hierarchical structure, matrix structure, flat structure, etc which are explained as follows:

Hierarchical structure

The organizational hierarchical structure represents that it manages by a sole individual as well as it is systematized by other subordinates of the organizations (Baligh, 2015). Private sector organizations are usually applied hierarchical structures to control different activities of the business…………….

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