Essay on How Business Operate - LIDL
7 Pages1703 Words44 Views
Added on 2020-06-04
Essay on How Business Operate - LIDL
Added on 2020-06-04
ShareRelated Documents
How businessoperate
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Covered in PPT.......................................................................................................................1TASK 2............................................................................................................................................12.1 Significance of accounting for business success..............................................................15.1 Various functions perform by human resource department.............................................15.2 Major features of employment legislation........................................................................2TASK 3............................................................................................................................................23.1 Interpretation of information consists in profit and loss account.....................................2TASK 4............................................................................................................................................34.1 Analysis for identify roles of others and own in a team...................................................34.2 Notes used to support training events...............................................................................34.3 Use different leadership styles in different situations.....................................................34.4 Use of motivational theories to encourage workers.........................................................4TASK 5............................................................................................................................................4Covered in PPT.......................................................................................................................4CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
INTRODUCTIONTo execute all business operations in an effective manner and to achieve its set goals it isvery essential for a firm to first identify and examine the factors exist in business environment.All this support in take better decision and at the same time ensure optimum utilisation of allavailable resources and funds (Baden-Fuller and Morgan, 2010). Political, legal, economic andtechnological are the major elements. LIDL, a discount supermarket chain that deal in varioustype of products is taken under this report for study. Different functions perform by HRdepartment of an organisation is given in this report. Further, use of various leadership styles indifferent situation is all mentioned in this. TASK 1Covered in PPTTASK 22.1 Significance of accounting for business successA business enterprise is small, medium or large, accounting play a significant role inevery type of business. One of the main feature of this is that it provide relevant information tomanagers that help in take right business decision and contribute more in growth of business.Mainly this concept provide information related with financial statement of business such asbalance sheet, income statement, profit and loss account and many more (Carroll and Shabana,2010). This help in identify the areas in which business spent more money and at the same timeprovide ways to reduce expenses. This help manager in manage all the funds which ensurecompletion of business activities in time. Further this suggest the areas in which firm shouldinvest for get maximum return. 5.1 Various functions perform by human resource departmentVarious departments are there that work in an enterprise and perform various functionswhich help firm in achieve its set goals and objectives. Form all department human resourcedepartment is known as one of the most significant one as HR manager is the one whichundertake process of recruitment and selection. For hire right candidate for right job managertake help of job description and specification. Further, this department is the one which provideinduction programme to new employees and at the same time conduct training and developmentprogram for workers which help them in perform their roles and responsibilities in an effective1
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Business Operate - Waitroselg...
|7
|1732
|32
How Does Business Operate Introduction 1 TASK 11 1.1 Types of ventures fall under public and private sector 1 Covered in PPT1 1.2 Importance of accounting in success of businesslg...
|9
|1857
|59
Business Environment Analysis of McDonaldlg...
|9
|2112
|34
How business operatelg...
|8
|2193
|500
Essay on How Business Operate Tescolg...
|7
|1792
|30
Functions of Human Resource Department in TESCOlg...
|8
|1698
|455