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How Does Business Operate?

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Added on  2020-06-06

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HOW BUSINESS OPERATES INTRODUCTION 1 TASK 11 1.1 Different types of public and private organization in UK 1 1.2 Different structures within businesses and reason for variation 1 1.3 Impact of local and global economic environment on selected business 2 TASK 22 2.1 Importance of accounting for business success 2 5.1 Functions of HR department in business3 TASK 33 Profit & Loss Account for Marriott Hotel 3 TASK 44 4.1 Role of team-members and own 4 4.3 Role of leadership and motivational style in context with different situations

How Does Business Operate?

   Added on 2020-06-06

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HOW BUSINESSOPERATES
How Does Business Operate?_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Different types of public and private organization in UK................................................11.2 Different structures within businesses and reason for variation.......................................11.3 Impact of local and global economic environment on selected business.........................2TASK 2............................................................................................................................................22.1 Importance of accounting for business success................................................................25.1 Functions of HR department in business..........................................................................3TASK 3............................................................................................................................................3Profit & Loss Account for Marriott Hotel..............................................................................3TASK 4............................................................................................................................................44.1 Role of team-members and own.......................................................................................44.3 Role of leadership and motivational style in context with different situations................54.4 The way leadership style and motivational skills are used to influence workers.............6TASK 5............................................................................................................................................66.1 Impact of customer service on business success..............................................................66.2 Benefits of customer profiling to business.......................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
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How Does Business Operate?_3
INTRODUCTIONToday in competitive world, business environment has become dynamic in Functions of acompany is affected by micro and macro environmental factors like suppliers, laws andlegislations, ethics, CSR activities and more. These elements are directly affected the operationsand policies of organisation. Therefore, in order to operate a business at local and global level,managers of industry needs to analyse impact of the same. Because these attributes are generallyused to force employers to make changes in policies and strategies (Warner, 2018). MarriottHotel which is the fourth largest international firm of UK in tourism sector, has taken under thisreport. This company operates its business in many countries all over the world. Presentassignment has disclosed some sorts of organisations come under public and private sectorsalong with their different business structures. TASK 11.1 Different types of public and private organization in UKOrganisations come under public and private sector companies are classified according tobusiness in which they operate in. Industries which are under control of Government are publicsectors while others come in private. Private sectors are defined in terms of ownership such thatsole proprietors in which business is run by single owner. While in partnership firms, business isrun by two or more business partners. In context with public organisations, it has no limit ofownership as business is run in order to serve mankind (Petro and Gardiner, 2015). In UK, RoyalBank of Scotland, BBC and Ministry of Defence are some public organisation while M&S,Marriott Hotel and Nestle are private associations. 1.2 Different structures within businesses and reason for variationAssociations of UK have different business structures according to their objectives. Theseorganisations are generally come under public and private sectors with different purpose buthave common aim is to improve standardisation of people. Public organisation- Structure of public sectors are classified according to number of employersas:-Vertical structure- This structure of structure is generally seen under military areaswhere decision are taken by several directors. These persons are responsible buildingpolicies, programs and various procedures.1
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