How Business Operate of TESCO
Added on 2020-06-04
9 Pages2490 Words31 Views
HOW BUSINESS OPERATE
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1TASK 2............................................................................................................................................12.1 Importance of accounting for business success................................................................15.1 Different functions of HR department in business...........................................................25.2 Key features of employment legislation...........................................................................2TASK 3............................................................................................................................................33.1 Profit & Loss Account for TESCO..................................................................................3TASK 4............................................................................................................................................44.1 Role of team-members and own.......................................................................................44.2 Team Development..........................................................................................................44.3 Role of leadership and motivational style in context with different situations................54.4 The way leadership style and motivational skills are used to influence workers.............6TASK 5............................................................................................................................................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONThere are two types of factors presents in business environment that needs to beconsidered in proper way through firms which are willing to earn heavy profit. External andinternal elements can be stated that may put impact on business organisation. It has beenanalysed that technology, legislations, political forces, social affairs are some components thatare present under external and internal environment (Weiss, 2014). TESCO which is amultinational brand has been taken under this report. Jack Cohen is the founder of thisorganisation and 1919 was the year when it was introduced in United Kingdoms market.Assignment is enclosed with different sorts of public and private companies that are present inUK industry. Away with, various business functions which is being included that may aid firm ingaining competitive advantages at workplace. TASK 1Covered in PPTTASK 22.1 Importance of accounting for business successEnough capital is must for every single organisation to have at marketplace of UnitedKingdom so that to run business in successful manner and to attain goals and objectives ineffective and efficient manner. Along with this, it is fundamental for them to keep on makingalterations in their products and services as per the requirements of consumers so that to sustainat marketplace for a longer period of time. Away with this, optimised use of various things likeraw materials, capital and limited resources can help a firm in maintaining its business in anappropriate sort of manner (Bernstein, 2015). It has been located that there are ample number ofthings which needs to be considered in business accounting process by TESCO if it is willinggain heavy competitive advantages: Financial department of an organisation prepares a budget and keeps on monitoring it sothat firm do not faces any sort of issue that are related to monitory.This section also maintains various financial reports like balance sheet, trail balance andother sort of stuff so that to make plans in near future.This is main take of management to determine operational revenues which will be earnedby them through operations activities of firm.1
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