Business Resource Management and Analysis
Added on 2020-06-06
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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
INTRODUCTIONCompanies have various resources which needs to be handled. An enterprise 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. In this report, there is a brief analysisof various resources which have to be managed by the Mark and Spenser as to ensure that theyachieve a better efficiency level with higher productivity. All the financial and non financialresources will be evaluated for understanding all the aspects of business 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 ofthe individual to actually be considered for the job. This is all about skills and thepurpose of this is to outline clearly to candidates what they must have to get the job. 1
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