Unit 2 Business Resources Sample Assignment with Tesco (GC01258)

Table of Contents

INTRODUCTION

TASK 1

P1 Recruitment document used in TESCO

P2 the main employability, personal and communication skills required for a job

TASK 2.

P3 Main physical and technological resources required in the operation of TESCO

M1 Importance of resources

D1 How the budget can improve the performance of the business

TASK 3.

P4 Sources of internal and external finance for TESCO

P5 Interpretation of contents of trading and profit and loss account and balance sheet of TESCO

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

M2: Significance of skills in both recruitment and retaining the staff

P7 Financial state of TESCO

CONCLUSION

REFERENCES

INTRODUCTION

In business, there are needed many types of resources for achieving the desired result or outcome like human resources, financial resources, etc. This project is based on TESCO that deals in grocery stores (Storbacka, 2011). This project will explain the recruitment document used in TESCO, main employability, personal and communication skills, main physical and technological resources required in the operation of the business, and sources of internal and external finance in TESCO and at last it will describe the use of budget.

TASK 1

P1 Recruitment document used in TESCO

There are many types of document that are used by TESCO at the time of recruitment which is as follows-

Job Advertisement – It is a notice that jobs put out for the public to see to inform them of a job vacancy they have open. It includes the job title, requirements, which makes a suitable candidate, and responsibilities. It has the objective to promote the job vacancy and to inform the people about it so that they can apply and it ensures that the person who applies for the job is suitable or not.
Job description– A job description explains what skills are required in employees to get a certain job. It explains the limitations and skills which are needed for the job and the duties and responsibilities that the employee will have if they get the job. The purpose of this is to inform the candidate of what they will be doing if they get the job and what they need to do the job.
Person specification– This is an expansion of the job description. This outline the training requirements, grades, and personal qualification of the individual to actually be considered for the job. This is all about skills and the purpose of this is to outline clearly to candidates what they must have to get the job (Granger and Schroeder, 2013).
Application form– It is a form that companies give a candidate to fill in. They do this so they can get the information they want and the candidate is able to expand more after the CV they have given. The objective of this is so the company can ask the candidate what they want and find out the information they need.

P2 the main employability, personal and communication skills required for a job

Employability skills -It can be defined as a skill that a person needs to have in order to get a job and be effective in the job role he or she has. Such skills allow the employees or person to have a mutual and friendly relationship with colleagues or the manager thus if there are any problems that arise they should have the ability to resolve it. For example – qualification, experience related to the job (Zander, McDougall-Covin and Rose, 2015).

Personal skills- It can be defined as a skill that a person may possess but does not 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. It is good if employees or applicants possess such skills when applying for a job as it will make them more likely to get the job as it shows the employer other skills that the employee has that can help the business. These skills are useful at every job.
Communication skills- This skill is very important because it helps in achieving v-desired success in every field. It can be defined as a skill that helps a person convey information to another person efficiently and with ease. Managers with good written or verbal communication skills will benefit the business. It is because they will be able to talk to anyone and can understand everything.

TASK 2

P3 Main physical and technological resources required in the operation of TESCO

In TECSO Company there are many types of resources which are as follows-

Physical resources- These resources are what a business needs to be able to operate and carry out its work (Chao and Chandra, 2012). Without physical resources, a business will not be able to pay the running costs and will also not be able to recruit employees. These resources are divided into the following parts-

Building and facilities.
Materials and waste
Plant and machinery.
Insurance
security
Emergency provision etc.

Technological resources- These resources are things like computer hardware, monitors, modems, and routers (Jensen, 2012). But these resources go beyond this and there are things such as software, music, and text. These resources need to be managed. It includes the following types-

Intellectual property
Accumulated experience and skills
Software licenses
Protection via patents and copyrights.

M1 Importance of resources

These resources need to be maintained so that TESCO can perform well in each of their activities and roles, this also includes assuring safety in the work setting and making sure all the machinery and plant (where manufacturing takes place; labeling, bottling, filling machines, etc.) work well and are in good condition. If TESCO will have these resources and are properly maintained then it will help in achieving the desired result and competitive advantages over the competitors. These resources are very helpful in achieving this…………..

Business Environment