Introduction to Business Studies

Introduction to Business
Studies

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 2............................................................................................................................................1
Covered in Poster.........................................................................................................................1
TASK 3............................................................................................................................................1
Case Study...................................................................................................................................1
TASK 4............................................................................................................................................3
Financial Management.................................................................................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
.........................................................................................................................................................7

INTRODUCTION
Business Studies is an academic subject which is taught in schools, colleges and
universities (Andersson, Cuervo-Cazurra and Nielsen, 2020). The aim of this subject is to
provide comprehensive information to the students about the way businesses operate. By
studying it, the students can make sure that they are able to achieve their distinct goals and
objectives in the future time period. This project is based on Marks & Spencer. It is a company
which deals in various types of customer products and provides different types of services to
them. In this assignment, focus will be made on one of the 4P's of marketing which will be
covered as a part of the poster, case study on HR and motivation. Additionally, focus on
financial management report will also be made as a part of this assignment.
TASK 2
Covered in Poster
TASK 3
Case Study
Human Resources refer to the people who work for a particular organization, industry or
a sector (Doern, Williams and Vorley, 2019). The department which deals with them is known as
HR department. In Marks & Spencer the HR department has to perform different types of
functions. One of them is Recruitment.
Recruitment refers to a process which is used by the organizations to identify, attract,
screen, shortlist and interview the suitable candidates for the different posts which are available.
In Marks & Spencer, this process is used by the HR department when there are vacant positions
available within the company.
There are different types of recruitment models which can be used by the organization.
These models are as follows-
Old School Recruiting- In this model, the HR department of the organizations follow a
standardized approach in order to ensure that they are able to identify the right candidates for the
positions which are available. By following this model, the HR department of Marks & Spencer
will be able to select the right candidates for different positions in the company.
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