Operations Management Assignment: Thomas Cook

Added on - 06 Jun 2020

  • 7

    Pages

  • 1414

    Words

  • 111

    Views

  • 0

    Downloads

Trusted by +2 million users,
1000+ happy students everyday
Showing pages 1 to 3 of 7 pages
HOW BUSINESS OPERATE
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1COVERED IN PPT................................................................................................................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 Accounting workshop.......................................................................................................3TASK 4............................................................................................................................................44.1 An analysis to determine own and other's roles of team members..................................44.2 Team Development..........................................................................................................4TASK 5............................................................................................................................................5COVERED IN PPT................................................................................................................5CONCLUSION................................................................................................................................5
INTRODUCTIONBusiness consists atmosphere which comprises several intrinsic and extrinsic factors thatdirectly or indirectly impact on operations. Government, suppliers, customers, technology,economic conditions and competitors are multiple elements that management require to considerwhile designing system. current assignment relies on Thomas Cook which is famous touroperation management company and established in UK and various nations. This assignmentdefines information about different kinds of organisation such as private and public which varywith each other on basis of size, structure and objectives. Management duty is to utilise funds,material and manpower efficiently; thereby deliver appropriate items and services inmarketplace. This helps them to generate adequate profit and timely accomplish goals andobjectives.TASK 1COVERED IN PPTTASK 22.1 Importance of accounting for business successAccounting process is defined as recording measuring, analysing, interpreting allinformation of expenses and incomes that are necessary for financial decision making. Thisaction aids management in conveying all information associated with status of corporation to allstakeholders like consumers, suppliers, government, shareholders etc. This type of action ishelpful in increasing goodwill and reputation of company in marketplace. There are manyadvantages that are linked with accounting process are stated as beneath:Systematic Record: Administration employed accounting procedure in businessactivities in order to having a systematic record so that all decisions should be formulate onrelevant data basis not on the basis of observations and hypothesis.Assess Business Performance: This action helps in anticipating larger market share andenhanced goodwill. This action sketches portrait of organisation in front of customers.Protect investors and promote transparency: This type of action provides financialsecurity to firm by recording all data that is related with stock and entries.1
desklib-logo
You’re reading a preview
Preview Documents

To View Complete Document

Click the button to download
Subscribe to our plans

Download This Document