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Assignment Business Environment: ALDI

   

Added on  2020-06-06

8 Pages2222 Words47 Views
How Business Operates

TABLE OF CONTENTSIntroduction......................................................................................................................................3TASK 1 (Covered in PPT)...............................................................................................................31.1 Types of firms........................................................................................................................31.2 Structure of businesses and reasons ......................................................................................31.3 Impact of local, national and international effect on Aldi.....................................................3TASK 2............................................................................................................................................32.1 Importance of accounting for business..................................................................................35.1 Functions of HR.....................................................................................................................35.2 Key features of employee legislation.....................................................................................4TASK 3............................................................................................................................................53.1 Accounting information.........................................................................................................5TASK 4............................................................................................................................................64.1 Determination of role of team work......................................................................................64.2 Stages of team development .................................................................................................64.3 Three motivational theories ..................................................................................................74.4 Types of leadership styles......................................................................................................7TASK 5 (Covered in PPT)...............................................................................................................76.1 Impact of user service on success ........................................................................................76.2 Benefits of customer profiling to business............................................................................7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8

IntroductionBusiness environment consists of factors which are staff members so that firm can runsuccessfully. Through this firm earn more revenues and they can enhance market share. Hence asa result company can run their operations successfully and effectively (Macaulay, 2018). As aresult it can also maintain good and string position in minds of all staff members. Assignmnetdiscusses about Aldi company which is a retail firm. It was found in U.K. There are varioustypes of firms and structure of businesses. Accounting is crucial for Aldi and accountinginformation is important for Aldi. Team work is very important for firm. Customer service isimportant for firm as report describes about impact of user service on success of business. TASK 1 (Covered in PPT)1.1 Types of firms1.2 Structure of businesses and reasons 1.3 Impact of local, national and international effect on AldiTASK 22.1 Importance of accounting for businessBusiness runs to earn profit but there is requirement to proper funds to achieve targets(Håkansson and Ford, 2002). It is essential that company has to adopt proper planning so they can give correct ideas toworkers. It is essential that management of ALDI has to perform activities through whichcompany can perform activities in better and effective way. Accounting means to show financialstatus of company. It is essential that company has to make policies which give correct andappropriate way to give correct information to stakeholders. Through proper allocation companyis able to competent with external parties of company and it helps in increasing faith and trust ofworkers as well as consumer. Accounting helps in proper delivery of information in better andeffective way. Accounting tells about revenue and expenses of any project. It is effective withproper assistance of legal body. 5.1 Functions of HRHR are in ALDI plays vital role in performing help to company. It is essential to givechance to workers through which they can achieve targets in proper and effective way. There are

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