Business Environment and Operations: A Comprehensive Assignment

This assignment analyzes how businesses operate, focusing on key aspects of the business environment and internal functions. Task 1 examines organizational types, business structures, and the impact of the economic environment. Task 2 explores the importance of accountancy, human resource management functions, and employment legislation. Task 3 focuses on interpreting profit and loss statements. Task 4 delves into team development stages, motivational theories, and leadership styles. Task 5 addresses the impact of customer service and its benefits. The report incorporates PPT content and concludes with a summary of the findings and a list of references, providing a holistic view of business operations.

How Businesses Operate

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1. Types of organisation..............................................................................................................1
2. Different structure of business................................................................................................1
3. Economic environment effect business...................................................................................2
TASK 2............................................................................................................................................2
1. Importance of accountancy.....................................................................................................2
2. Different function is carried out by human resource management.........................................3
3. Employment legislation..........................................................................................................3
TASK 3............................................................................................................................................3
1. Interpreted the information on profit and loss.........................................................................3
TASK 4............................................................................................................................................4
1. Stages of team development....................................................................................................4
2. Motivational theories..............................................................................................................4
3. Leadership style......................................................................................................................4
TASK 5............................................................................................................................................5
1. Impact of customer services....................................................................................................5
2. Benefit of customer.................................................................................................................5
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Business function in a state of affairs which is dynamic, agonistic and in certain and often
times hostile. They need to perpetually adapt to occurrent in their interior and outside surround in
order to be prospering (Mamic, 2017). These occurrent may include judge the actions of
competition, reacting to economic or political changes or making use of new application. In this
report will be focus on business enterprise improvement manager are working in arrangement.
This written report will be based on ownership of business concern and objective are reticulate.
Further, it will cover realize the legal, fiscal, ethical and assets restraint under which a business
concern concern must direct and how these can affect business concern behavior.
TASK 1
1. Types of organisation
2. Different structure of business
3. Economic environment effect business
COVERED IN PPT
TASK 2
1. Importance of accountancy
The importance of professional accounting is most important for business is ensuring
quality of financial reporting is improved financial position of organization. System of rules data
assistance an undertaking to prepare programme and forecast for forthcoming fundamental
quantity. Business trends are projected based on past data produced by accounting system.
2. Different function is carried out by human resource management
Human resource department is play most important role in organisation at the time of
recruitment and selection of candidate in work place (Waddock, 2017). There are some main
function of HR. department are as follows : Job safety : One of the independent usefulness of HR is to assistance workplace safety
preparation and maintain government official document logs for geographic point injury
and fatality reportage.
 Employees relation : Human resource management is to be focus on employees' relation
is help to manage work and internal behaviour of organisation. In addition, employer-
employee relationship through measuring job satisfaction, employee engagement and
resolving workplace conflict.
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3. Employment legislation
Employment protraction legislation is most important part for each and every
organisation. In addition, United Kingdom labour law regulates the relations between workers,
employers and trade unions (La Rocca and Snehota, 2017). In this context, each and every
organisation is focus on law to provide safety and other activities in organisation.
TASK 3
1. Interpreted the information on profit and loss
It is one of the most essential part to improve current environment and manage them as
per the need of overall development in market share. There are new skills is help to increase and
help to change financial position of organisation. Accountancy has been an indispensable tool of
business since day one. No prediction can get off the solid ground without a tight relation and
solid know-how practical to the Numbers.
Interpretation : From the above balance sheet of Addison lee organisation. In this context,
organisation performance is good and increase profitability of organisation. This balance sheet is
help to improve current employment of performance and increase market ratio.
TASK 4
1. Stages of team development
Team work is most important part for internal working environment. It is help to solve
any kind of employees problem related to work (Rexhepi and Anggadwita, 2018). There are
different stages for team development are as follows : Forming :The team been introduce in each and every member in organisation. Storming :To be aware about each and every employees characteristic.
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 Norming : In this stage, people start to notice and motivate there team member. Performing :All the member are motivated and confidence about work.
 Adjourning :In this stage, team disbands.
2. Motivational theories
Motivation is help to improve organisational performance and increase motivation level
of employees in work place. There are three most important theory of motivation are as follows ;
Hertzbreg 's two factor theory
It is known as a dual factor motivation theory or help to motivate employees in
organisation.
 Motivator factor : In motivation factor is lead to satisfy the need of each and every
employees in work place.
 Hygiene factor : This is dissatisfied and lack of motivation, if employees are absent.
3. Leadership style
Leadership style is help to provide direction to each and every employees to improve
current market sector as per the need of overall development of organisation.
Autocratic leadership style ; This style of position is strongly convergent on both
command by the leader and powerfulness of the followers (Huybrechts and Edinger, 2017).
There is also a clear conception between the leader and the social unit.
TASK 5
1. Impact of customer services
2. Benefit of customer
COVERED IN PPT
CONCLUSION
Form the above report is focus on human resource management, accounting and
purchasing are organized by separating each of these areas and managing them independently of
the others. It can be conclude that all such factors are help to improve new business
development.
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REFERENCES
Books and journals
Mamic, I., 2017. Implementing Codes of Conduct: How Businesses Manage Social Performance
in Global Supply Chains. Routledge.
Waddock, S., 2017. The difference makers: How social and institutional entrepreneurs created
the corporate responsibility movement. Routledge.
Perren, R. and Kozinets, R.V., 2018. Lateral Exchange Markets: How Social Platforms Operate
in a Networked Economy. Journal of Marketing, 82(1), pp.20-36.
Seedat, S., 2018. Understanding how utilisation of mobile applications as part of an omni-
channel strategy can lead to value creation for traditional brick-and-mortar retailers in
South Africa (Doctoral dissertation, University of Pretoria).
La Rocca, A. and Snehota, I., 2017. Business models in business networks–how do they
emerge?. IMP Journal, 11(3), pp.398-416.
Rexhepi, G., Ramadani, V., Rahdari, A. and Anggadwita, G., 2017. Models and strategies of
family businesses internationalization: A conceptual framework and future research
directions. Review of International Business and Strategy, 27(2), pp.248-260.
Huybrechts, B., Nicholls, A. and Edinger, K., 2017. Sacred alliance or pact with the devil? How
and why social enterprises collaborate with mainstream businesses in the fair trade
sector. Entrepreneurship & Regional Development, 29(7-8), pp.586-608.
Ramadani, V., Bexheti, A., Rexhepi, G., Ratten, V. and Ibraimi, S., 2017. Succession issues in
Albanian family businesses: Exploratory research. Journal of Balkan and Near Eastern
Studies, 19(3), pp.294-312.
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