Unit 2 Business Resources Assignment at The Hendy's Ltd (GC01256)

Table of Contents

INTRODUCTION

TASK 1

P1- Describe the recruitment documentation used in a selected organization

P2 Describe the main employability, personal and communication skills required

TASK 2

P3 Describe the main physical and technological resources required in the operation

TASK 3

P4 Describe sources of internal and external finance for a selected business

P5 Interpret the contents of a trading and profit and loss account and balance sheet

P6 Illustrate the use of budgets as a means of exercising financial control

P7 Illustrate the financial state of a given business

CONCLUSION

REFERENCES

INTRODUCTION

In the new era, for achieving the targets of business so there is using various resources that help in completing the operations and providing final products to customers. Business resources play a very eminent role that’s why it is necessary to properly maintain all firm activities and set them as per priorities so employees can systematically work in the internal environment also they can decide long and short-term goals as well (Bae, Rowley and Sohn, 2012). This research report will be discussed about basic and important skills in employment which is essential for organization development. There will explain some physical and technological resources as well as the financial capabilities of the firm. Because as per the financial status of the firm easy to identify actual fiscal power and skills.

TASK 1

P1- Describe the recruitment documentation used in a selected organization

If Hendy’s Ltd is looking to recruit workers to be behind the till and on the shop floor, first, they will advertise the job role, they can do this in many ways today. They can advertise the vacancy in a newspaper, posters, website, web adverts. As the job role does not require very skilled and qualified people, the recruitment process will be a lot faster. The application form will have a job specification, person specification (Baxter, 2012).

People who have seen the vacancy and are interested will send in their CV, a CV will include the qualifications/skills of a person, a personal statement from them, their interests, and hobbies, any previous experiences of work and any other information about someone that is relevant to an employer. When the applicants send in their CV they will wait to be informed if the employer is interested in hiring them. When they fill out the application form and send it with their CV, the organization has its details now and can get back to them when needed.

Applicants whose CVs have met the job description and skills needed will be invited for an interview, this is where the employer will get a first-hand look at what kind of people have applied for the job role and who out of them are best suited (Carroll and Shabana, 2010). The employer can decide after the first interview who they may want to hire, if the job role is more sophisticated they may need to have a second interview with the top applicants, they may also assess or examine the applicants to have a further understanding about them.

P2 Describe the main employability, personal and communication skills required

Employers of the company have some basic skills and capabilities which all are necessary for the individual workers.

Employability skills: It can be defined as a skill that a person needs to have to get a job and/or be effective in the job role he or she has. Such skills allow the employee or person to have a mutual and friendly relationship with colleagues or the manager thus if there are any problems that arise they will be resolved efficiently (Chaffey and White, 2010). These are some skills beyond the technical or task particular capabilities of a specific job (Harmon, 2014.). It generally formulates the attitude of a staff member to handle associates in the work environment, critical and complex scenarios, backups, and so on.

Personal skills: This can be defined as a skill that a person may possess but doesn’t necessarily need when applying for a specific job role. There are many examples of such skills that would benefit the business including; speaking different languages, trustworthy, and having a sense of humor.

Communication skills: Communication skills can be defined as a skill that helps a person convey information to another person efficiently and with ease. Managers or employees with good written or verbal communication skills will benefit the business; this is because they will be able to talk and understand each other properly.

TASK 2

P3 Describe the main physical and technological resources required in the operation

Physical resources:

Physical possessions are resources which are obtainable to business organizations in the shape of shops, building, and additional equipment’s required for the daily operations of the organization (Cauchi, Pena and Sneha, 2012). For several businesses, the good looks of the building are not significant as the indoors for the reason that customers are not at all predictable to observe the building itself or else anticipated to observe what is happening there, such as Hendy’s Ltd. will have enormous stores which are dealing with first-hand and second-hand cars however they are disciplined on the indoors, the community is not allowable into these foundations because they are there to preserve the effectiveness and not to take on in straight advertising.

Plant and equipment

Like resources and buildings, every business contains definite necessities for the kind of place and equipment which they might require.
A business possibly will expend a great amount of wealth on its plant and equipment by purchasing everything that is wanted for, such as Morrison will have to acquire all kinds of equipment for its distribution and store selection.
Even though they possibly will acquire them, it possibly will be a lot sentimental and inexpensive if they rent the equipment and places they required (De Clerk, Lim and Oh, 2013)

Technological resources:

Hendy Consulting has consultants across the high-technology industry. We have completed assignments in semiconductors, MEMS, photo-voltaic, solid-state lighting (SSL), optical storage markets, flexible and plastic electronics, advanced materials, and telecommunications. We understand the markets, economics, technologies, and players. They have undertaken assignments inflexible and plastic electronics and have built a critical understanding of the technology challenges, value chains, and architectures that will be debated fiercely before this opportunity can mature. Strategy for high-technology markets is about placing critical bets in highly uncertain markets with little clarity on customer requirements and future market scenarios and requires a comfort level with potentially substantial investments of time and money.

Business Environment