Business Structure Assignment (Doc)
8 Pages2119 Words110 Views
Added on 2020-11-12
Business Structure Assignment (Doc)
Added on 2020-11-12
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HOW BUSINESSOPERATES
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 (Covered in ppt.)................................................................................................................1TASK 2............................................................................................................................................12.1 Importance of accounting for business success................................................................15.1 Different functions carried out by Human Resource department in business..................15.2 Key features of employment legislations.........................................................................2TASK 3............................................................................................................................................23.1 Profit & Loss Account for Marriott Hotel........................................................................2TASK 4............................................................................................................................................34.1 Role of team-members and own.......................................................................................34.2 Team Development..........................................................................................................44.3 Role of leadership and motivational style in context with different situations................54.4 Impact of leadership style on workers..............................................................................5TASK 5 (Covered in ppt.)................................................................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
INTRODUCTIONIn today's competitive world, business environment of companies have become moredynamic in nature. Therefore, it creates many changes in internal and external environment ofbusiness which impacts on operational functions of organisations in large manner (Pereira andCaetano, 2015). It includes governmental laws and legislations, CSR activities, economicalfluctuations and so on. In this regard, Marriott Hotel of UK has chosen for presenting a report onhow this organisation operates its business. This assignment has majorly focused on differentkind of business structure which are followed by private and public organisations of UnitedKingdom. Along with this, accounting workshop also has been discussed with effectiveness ofcustomer’s service provided by this hotel. TASK 1 (Covered in ppt.)TASK 22.1 Importance of accounting for business successManagement accounting is an important function of company under which financialactivities are tracked for determining position of business (Dunning, 2014). inance refers to themost indispensable aspect for an organisation which helps in conducting business operationssmoothly. Therefore, accounting is considered as highly mandatory for success of a businesswhich helps in following manner:- Control loss:- Accounting management helps in keeping record of every businesstransaction by which managers can control expenditure and prevent organisation fromoccurrence of loss. Prepare budget: Since accounting management majorly focus on preparing financialstatements like Balance Sheet, Profit & Loss Account and more. So, all these things help informulating proper budget plan for overcoming from possibilities of business loss in future.5.1 Different functions carried out by Human Resource department in businessIn a company, all divisions have different roles and responsibilities for conductingbusiness operations (Bernstein, 2015). It includes management and operation, human resourcemanagement, sales and marketing department etc. Among these divisions, HR department playscrucial role in success of business by hiring best candidates into workplace who are able to1
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