How Business Operates of Marks and Spencer
Added on 2020-06-04
9 Pages1801 Words37 Views
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Covered in PPT.......................................................................................................................1TASK 2............................................................................................................................................12.1: Importance of accounting for business success...............................................................15.1: Functions of HR department...........................................................................................15.2: Key features of employee legislation..............................................................................2TASK 3............................................................................................................................................33.1: Accounting workshop......................................................................................................3TASK 4............................................................................................................................................44.1: An analysis on determination of roles of team members................................................44.2: Team Development.........................................................................................................44.3: Need to leadership and motivational style in context with different situations..............44.4: The way leadership style and motivational skills are used to influence workers............5TASK 5............................................................................................................................................5Covered in PPT.......................................................................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
INTRODUCTIONBusiness environment refers to such environment in which an organisation operate theirbusiness functions in order to achieve stability for longer period of time. Business environmentincludes internal and external factors which may affects and influences the business operationsof an organisation either in negative or positive way. It includes finance, human resource, rawmaterial and many. The present assignment report is based on Marks and Spencer whichoperated its business in United Kingdom and across worldwide and has provided qualityclothing, home and food products.. The project also covers different types of organisationincludes private and public sectors along with their structures. Importance of customer servicesand team work in achieving growth and success of an organisation has also been discussed underthis report. In addition with this, importance of accounting, different departments and keyfeatures of employment legislation (Adjei and et. al., 2014).TASK 1Covered in PPTTASK 22.1: Importance of accounting for business successThe company should required to prepare data about assets, reports on transactions, debts,liabilities and more in order to operate business in more effective and efficient manner. Throughthis, the company able to identify true and fair financial position of company of accounting year.Recording all transactions happened on daily basis help management of M&S in knowing cashinflow and outflow. These all activities are done by the accountant department of anorganisation. The person who carries all such activities is known as accountant. In M&S,accounting department are helps in identifying and monitoring the economic information whichhelps in analysing proportion of equity and debt in a systematic manner. Along with this, it willalso help management in preparing future budget with the resource the company have at present(Dijkman and et. al., 2015).5.1: Functions of HR departmentHuman resource department is an important function of an organisation which plays avaluable role in achieving growth and success in market for longer period of time. Therefore,1
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