Business Resources - PDF
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Added on 2020-10-22
Business Resources - PDF
Added on 2020-10-22
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BUSINESS RESOURCES
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1P1 Recruitment document used in a selected organisation....................................................1P2 Employability, personal and communication skills..........................................................2P3 Physical and technological resources................................................................................3P4 Sources of internal and external finance...........................................................................4P5 Interpret the contents of a trading and profit and loss account and balance sheet............6P6 Use of budgets as a means of exercising financial control...............................................7P7 Financial state of a given business....................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness resources are known as factors of production, consist of land and labour alongwith capital and enterprise (Maglio and Spohrer, 2013). Everything represents as a businessresources from natural resources and farm products to machinery and office equipment. Businessresources also include employees, mentors and all of the business that support to supply chain.To understand the concept of selected organisation Hendy group Ltd, it is operating as a dealerof new and used vehicles. The company has been provided service plans, tires, accessories andaccident repair service. In the report consist of recruitment documentation, different types ofskills regarding to job role and main physical technology resources essential in the operation.Apart from different types of resources related to finance and interpret contents of profit and lossaccount and balance sheet of selected organisation. In addition, explain financial ratio of theselected business. MAIN BODYP1 Recruitment document used in a selected organisationJob Advert: Before placing a job advert, it is essential for HR managers of a company toprepare job analysis process first. Here, they need to identify the number of vacant position atworkplace, eligibility criteria required to fulfil same and more. After preparation of such plan,further they need to determine platform where job advertisement has to place. Generally in suchadverts, there is a description presented that includes company's name, vacant position, deadlineof application and pay scale. This would help candidates to measure their eligibilities as well. Job Description: This document defines entire roles and responsibilities of a specifiedvacant position including experience and other eligibility criteria required for the same. Thiswould help interested candidates to apply for job on given website. Person Specification: Here, company provide a sample required for fulfilment ofspecified position through which interested candidates can match their profiles and applyaccordingly for same. Application form: It is provided to interested candidates who have applied for certainjob where they have to give details about their personal details1
P2 Employability, personal and communication skillsEmployability skills – The particular skill can include expected qualification accordingto job description and in the most of the job need to formal qualification. An applicant will berequired formal qualification in reference to job description. For example company wants tosales manager so applicant have formal qualification of MBA in sales. It is important for specific job because it shows learning power and qualification ofparticular person. On the behalf of the skill select that person. Personal skills – It is important part because it can present a person in effective mannerand show their Soft skills – In the soft skill make good employee and present their skills such aslistening, communication and etiquette. 2
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