Business Resources Introduction

Business Resources

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Describe the recruitment documentation...........................................................................1
P2 Describe the main employability and personal and communication skills required when
applying for a specific job role...............................................................................................4
TASK 2............................................................................................................................................6
P3 Describe the main physical and technological resources required in the operation of a
company.................................................................................................................................6
TASK 3............................................................................................................................................7
P4 Describe sources of internal and external finance for organisation..................................7
P5 Trading and profit and loss account and balance sheet of company.................................8
P6 Illustrate the use of budgets as a means of exercising financial control of a selected
company.................................................................................................................................9
P7 Illustrate the financial state of a given business..............................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Every business organisation requires various kind of business resources for
accomplishing their business activities in effective manner (Akter and et. al., 2016). Business
resources are of many types such as physical resources, financial resources, non financial
resources, technological resources etc. The current report is based on Marks and Spencer, a
renown retail company which is belonging to fashion sector. The company is famous for
providing high quality of products to its customers. This report will include description on
different recruitment documentation which are being used by business organisations. It also
shows how company is using different skills for retaining stall in the company for longer period
of time. At next, it describes about impact of non financial resources on company's operational
activities. In the last section of the project, description about role of financial resources will
going be discussed.
TASK 1
P1 Describe the recruitment documentation
Recruitment documentation are considered as the important part of every company as
they are used by HR manager at the time of planning for workforce enhancement. With reference
to Marks and Spencer, its HR manager are mainly using four type of recruitment documentation
at the time of workforce planning. In this regard, all of these four recruitment documentation are
stated as below along with their examples.
Job advert
Job advertisement is often called as job advert, which is a mainly used by companies for
notifying their applicants that they are hiring employees for specific job role. It can be seen as
the request application that are made for influencing targeted audience. With reference to the
Marks and Spencer, it can be said that its HR manager initially analyse job vacancy in the
company and then prepares job advert according to job position for notifying targeted audience
about job vacancy (Bell, Bryman and Harley, 2018). HR manager posts these job adverts at
website of company and other linked recruitment agencies. Job advertisements are highly
important for the company as it helps them in attracting pool of applicants towards company.
Sample of job advertisement for the post of marketing executive is stated as below:
Job advertisement
1