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Report on Global Economic Impact on Business Operation of Sainsbury

   

Added on  2020-06-03

11 Pages2546 Words63 Views
HOW BUSINESS OPERATE

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1 : The Business Environment .............................................................................................31.1 Types of organisations in public and private sector..............................................................31.2 Different structures within the businesses in UK .................................................................31.3 The local, national and globaleconomic environment impacts on Sainsbury............................................................................4TASK 2 : Business Functions..........................................................................................................42.1 Importance of accounting for business success....................................................................42.2 Different functions carried out by the HR department in abusiness......................................................................................................................................42.3 Key features of employment legislation...............................................................................5TASK 3 : Accounting workshop......................................................................................................5TASK 4 : Teams..............................................................................................................................54.1 Team membership often changes as a project moves through its development. This meansthere are frequently two types of team member: ........................................................................54.2 The various stages of Team development are as mentioned below -....................................64.3 The Three theories of Motivation.........................................................................................64.4 Various types of Leadership theories....................................................................................7TASK 5 - Customer service.............................................................................................................86.1 The Impact of Good Customer Service.................................................................................86.2 Benefits of customer profiling to a business.........................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9

INTRODUCTIONOperating a business is not an easy task, every organisation performs various functionsand techniques to achieve the organisation goal.Operations start as words on a piece of paper.They are for all objectives and purpose essential to any business endeavour. At first, they areinserted into the business plan to function as a rough roadmap. Both investors and founders caneasily access them and gain a better grasp on all the moving parts of a company, such aspersonnel, equipment and the processes needed to increase the organization’svalue.This report will include various types of organisation in both public and private sector in theUK. It will also describe the different structures in the businesses within the UK. The report willalso determine the local, national and global economic environment impacts on the businessoperation of Sainsbury. This assignment will also identify the functions of various department inan organisation or business such as Human resource department, accounting department etc.Furthermore, the report will describe the various impact of customer service on success of abusiness along with the benefits of customer service for a business or organisation. TASK 1 : The Business Environment1.1 Types of organisations in public and private sectorThere are many types of organisation in public and private sector in the UK, theseorganisations are as mentioned below - Sole trader – A sole trader is a most common type of business ownership and can befound in various type of activities such as plumbing, cleaning etc. The sole trader makesevery decisions him or herself.Partnership – A partnership business is set by two or more individuals who collaboratetogether to achieve a same business goal. Partnerships are generally created by writing apartnership deed having al the details of profit and loss share.Company – A company is a legalised body in its own right with an existence that isseparate in laws form the ownersFranchise – A Franchise is grants permission to sell a product or service and trade under aspecific name in a certain area.1.2 Different structures within the businesses in UK The structure of a business or organisation depends on the project or company. The mainreason for various types of structures in organisations is to define the responsibilities and roles of

different members of a department, organisation or work group(Gao and Clarke,2015). Thevarious types of structures in a business within UK are as follows – Matrix Structure – A matrix type of organisational structurecombinesthetraditional departments seen in functional structures with project teams. In amatrix structure, individuals work across teams and projects as well as withintheir own department or function. The Matrix structure is more complex type oforganisational in which the people are grouped in two different ways – By the productteam they work with and by the function they are performing. A matrix organizationalstructure is a company structure in which the reporting relationships aresetup as a grid,or matrix, rather than in the traditional hierarchy.Task Culture– Sainsbury’s recruit people from many different ethnic backgrounds. Thisis very helpful for the company as the people who shop with them are not totally allEnglish, they get customers from various ethnic backgrounds. Having employees whospeak different languages can be very beneficial for them if a customer cannot speakEnglish.People who perform similar skills and tasks within a business are combined orgrouped together in the functional structure. The other one is Divisional, in this structurea company coordinate inter group relationship to develop a working team that performtogether to achieve a common need or goal. Project organisation Structure – In a projectorganisational structure various teams are grouped together on the basis of the number ofmembers required to produce the product or complete a project.1.3 The local, national and global economic environment impacts on SainsburyThree are many impacts of local, national and global environment on the Sainsburywhich are as described below - Advancement in TechnologiesReligious and cultural Ideologies Emerging Market Focus on Sustainability and the EnvironmentTASK 2 : Business Functions2.1 Importance of accounting for business successBusiness accounting is the systematic recording, analysing, interpreting and presenting offinancial information. Accounting may be done by one person in a small business, or by different

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