Business Operations Assignment - (PPT)
13 Pages3256 Words116 Views
Added on 2020-11-12
Business Operations Assignment - (PPT)
Added on 2020-11-12
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How Business Operate
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1: The Business Environment...............................................................................................3Covered in PPT.......................................................................................................................3TASK 2: Business Function.............................................................................................................32.1 The importance of accounting for business success. .......................................................35.2 The different functions carried out by the HR department in a business.........................45.3 Outlining key features of employment legislation...........................................................5TASK 3 : Accounting Workshop.....................................................................................................53.1 Interpretation of the information on the profit and loss account......................................5TASK 4 : Teams..............................................................................................................................64.1 To carry out an analysis to determine my own and others roles within a team...............64.2 The Stages of Team Development...................................................................................74.3 Assessing three Motivation Theories...............................................................................94.4 The three leadership styles.............................................................................................10TASK 5 : Customer Services.........................................................................................................11Covered in PPT.....................................................................................................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONEvery organisation is having their different branches and each division has their ownrules and regulations along with roles and responsibilities. In a firm, the fund which are acquiredby exchanging the goods and services is said as business revenue. Along with this, the costwhich is required to produce, develop and deliver the goods and services are the expenses of thebusiness (Murillo and Vallentin, 2016). The firm whose revenue is greater than its expenses thanthat makes income or profit. The present report will be going to emphasise on the types oforganisation in various sectors, along with their different structures. To show the success andfailures of the organisation, it is important to learn the concept of Accounting. Also, the stages ofteam development and three motivation theories and leadership styles are going to be mention inthe current report. In addition with this, the managers and owners have a clear idea about thecompany and customer relationship is very helpful for running a business in an effective way.TASK 1: The Business EnvironmentCovered in PPTTASK 2: Business Function2.1 The importance of accounting for business success. This has been analysed that the accounting is the most important part for the success ofbusiness, and no business can operate and run smoothly and properly without the base ofappropriate accounting department. The importance of accounting for business success ismentioned below - 1.Business Planning: The business planning is required for completing the variousmanagement activities successfully. There are many types of planning in the section ofaccounting such as sales planning, development planning, cash planning, etc., all theseare depend upon the accounting information and data. 2.Budgeting: The preparation of a budget is necessary for the firm to operate their businesseffectively (Vitasek, 2016) . The budget is always prepared from the past records, andthese past records are available by accounting only.
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