Business Resources Management and Planning
Added on 2020-09-17
9 Pages2673 Words344 Views
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Business Resources
Table of ContentsINTRODUCTION...........................................................................................................................1Task 1...............................................................................................................................................1P1 The recruitment documentation used in Marks and Spenser:................................................1P2 The Employability, personal and communication skills required at time of applying forjob:...............................................................................................................................................2Task 2...............................................................................................................................................2P3 The physical and technological resources required in the operation of a selectedorganisation:................................................................................................................................2Task 3...............................................................................................................................................3P4 Sources of internal and external finance for Marks and Spenser:.........................................3P5- The contents of a trading and profit and loss account and balance sheet ............................4P6- The use of budgets as a means of exercising financial control in Marks and Spenser:........4P7- The financial state of a given business.................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONOrganisations have various resources which needs to be managed. A business needs aeffective structure which can help it in managing its fixed and variable resources. Theenvironment of the market is very competitive and that is why companies need to plan andorganise the resources before investing them in an activity. There are many types of resourceswhich are available for the companies and all of them needs to be utilised in the most efficientand effective way by the organisation as to gain competitive advantage over its competitors. Inthis report, there is a brief analysis of various resources which have to be managed by the Markand Spenser as to ensure that they achieve a better efficiency level with higher productivity. Allthe financial and non financial resources will be evaluated for understanding all the aspects ofbusiness functioning. Task 1P1 The recruitment documentation used in Marks and Spenser:Marks and Spenser is a multinational company which specialises in selling clothing,luxury food products and home products. The company also crossed the one billion mark in theyear 2000. It is a big brand and a global company which requires a specialised function as toensure that it hires the best people as its human resource (Baxter, 2012). There are certaindocuments which are required by the Marks and Spenser for recruitments:Advertisement of job: The company need to advertise about the vacancy so that it canattract the interested candidates. The company uses online as well as offline sources toadvertise about the available jobs. There are many benefits of the advertisement. It helpsin garnering a positive image of the organisation in the society. Also it helps the companyin preparing a pool of candidates which can be analysed later for the job. Job description: The HR manager need to prepare a job description which helps theorganisation in ensuring that the job and its components are well determined andanalysed. Also this helps them in understanding the requirements of the job which haveto be fulfilled by a suitable candidate. Person specification: This is the step which is considered as a expansion of jobdescription. This outlines the training requirements, grades and personal qualifications of1
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