How Businesses Operate_ M&S (GC088)
Table of Contents
Introduction.
TASK 1.
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.
- Importance of accounting for business success.
- Different functions carried out by the HR department in business success.
- Key features of employment legislation.
Explanation of the benefit of employment legislation to employees and businesses.
Impact of employment legislation.
Task 3 Accounting workshop.
- Information on profit and loss account
Use of business ratio to analyze business performance.
Use of budget
Profit and loss accounts.
Cash flow predictions.
TASK 4 Teams.
LO4 AC 4.1, 4.2, 4.3, 4.4.
4.1 Analysis to determine ownership and other’s 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.)
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 deliver targeted customer service.
Conclusion.
Reference.
Introduction
Any kind of business is maintained by many of the experienced and scientific knowledge regards to the business. The main object of business is to make a profit for the marketer and nourishes the industry to the expected rank of the marketplace. A business can be properly run by the dint of many functional operations by the factors related to it. The HR department is the main earning force of an organization. The HR manager tries their best to attain the goals and objectives of Business companies within a certain period of time.
This paper describes the business environment of the marketplace in the first part of it. Secondly, it explains the main functional activities of the UK marketplace. An accounting workshop for a business company is very important and that is elaborated in the third section. In the fourth part teams and their whole activities, features are described. Finally, this paper concludes the explanation of customer services.
TASK 1: The business environment
1.1 Types of organizations found in the public and private sector
There exist various types of organizations especially business organizations in the developed marketplace in any country of the world. The business companies interact with each other of helping and promoting their respective organization.
Public sector
When the government organization funded by the government plays a role for the common people helping purpose is called public sector organization. AWE (Atomic Weapons Establishment), Audit Commission, Civil Service Fast Stream, the Cabinet Office, the Child Support Agency, CPS (Crown Prosecution Service), etc. are major public sector organizations in England.
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Private sector
There are so many organizations in the United Kingdom acting on the demands of the clients that existed in the country for business purposes. Some of these organizations are IPMG, Greenergy, John Lewis Partnership, SSP, Wilko, Iglo, etc. Greenergy is the most popular energy-related services providing company in the UK.
Sole trader
Sole Traders are the single raw materials provider to a private or public company. They generally serve for a single product such as T-shirt.
Partnership sector
The partnership business sector plays an important role to build its business at a lesser risk. Developers of real estate are the partner company in the UK.
Speaker note
There exist various types of organizations especially business organizations in the developed marketplace in any country of the world. The business companies interact with each other of helping and promoting their respective organization. These variations may be described as follows:
Public sector
When the government organization funded by the government plays a role for the common people helping purpose is called public sector organization. AWE (Atomic Weapons Establishment), Audit Commission, Civil Service Fast Stream, the Cabinet Office, the Child Support Agency, CPS (Crown Prosecution Service), etc. are major public sector organizations in England.
Private sector
There are so many organizations in the United Kingdom acting on the demands of the clients that existed in the country for business purposes. Some of these organizations are IPMG, Greenergy, John Lewis Partnership, SSP, Wilko, Iglo, etc. Greenergy is the most popular energy-related services providing company in the UK.
Partnership sector
The partnership business sector plays an important role to build its business at a lesser risk. Developers of real estate are the partnership company in the UK.
1.2 Different structures within the business
Several business companies adopt several types of business organizational structures for performing their best services to the customers. This structure helps them to administrate the employees and other activities. The structure may be designed for not only a business plan but also effective for the management of the organization. This management structure defines the chain of command between the authority and the managers…………
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