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How Businesses Operate
Table of Contents INTRODUCTION...........................................................................................................................3 TASK 1............................................................................................................................................3 Covered in PPT.......................................................................................................................3 TASK 2............................................................................................................................................3 2.1 Importance of accounting for business success................................................................3 5.1 Functions of Human Resource department in TESCO.....................................................3 5.2 Key features of employment legislation in TESCO.........................................................4 TASK 3............................................................................................................................................4 3.1 Information’s of profit and loss account..........................................................................4 TASK 4............................................................................................................................................4 4.1 Role of team member.......................................................................................................4 4.2 Stages of team development.............................................................................................5 4.3 Motivation theories...........................................................................................................5 4.4 Different types of leadership style....................................................................................6 TASK 5............................................................................................................................................7 Covered in ppt........................................................................................................................7 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Business operations refer to those things which happen within the organisation to keep it running and earning money. It is also considered with achieving certain goals and objectives of the company (Mamic, 2017). To operate of business, there are certain types of elements that should under considered such as process, staffing, location and technology. This report is based on the business operations carried out by Tesco and is focused on delivering high quality services to its customers. In this context, it covers the business environment and its functions. Further, it includes accounting workshops and teams behaviour. Lastly, it describes the customer support services. TASK 1 Covered in PPT TASK 2 2.1 Importance of accounting for business success. Accounting is more essential element for every business because it provides better recording and managing facility to the management (Waddock, 2017). The major goal of accounting is to record financial transactions systematically in it organisational books of accounts and find out profit and loss amount of that particular business. In the modern age, the accounting is directly related with the financial management. Through accounting firm is able to make decisions so as to implement any type of strategies or changes that management is willing to make. Apart from this, cost is involved in all the business activities and it is highly important that proper planning is done in order to attain the set goals. 5.1 Functions of Human Resource department in TESCO. In Tesco the human resource department conducts several types of functions that are as below: Recruitment and Selection– It is a process that is most complicated and challenging task for the manager of human resource department at Tesco. Professional development– It is an important function of HRM and this function helps for the staff members in the enhancement of their growth, well trained and education (Ward, 2016). 3
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