LO 1 The Business Environment
14 Pages3715 Words498 Views
Added on 2020-11-12
LO 1 The Business Environment
Added on 2020-11-12
ShareRelated Documents
HOW BUSINESSOPERATES
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1LO 1 The Business environment......................................................................................................11.1 Describing different types of organisations found in public and private sectors..................11.2 Explaining different structures within business by suggesting reasons for variation...........21.3 identifying named business...................................................................................................4TASK 2............................................................................................................................................6LO 2 Business functions..................................................................................................................62.1 Importance of accounting for business success....................................................................65.1 Different functions carried out by HR department in a business..........................................75.2 Key features of employment legislation...............................................................................8TASK 3............................................................................................................................................9LO 3 Accounting Workshops..........................................................................................................93.1 Presenting and interpreting key accounting information using profit and loss accounts......9TASK 4............................................................................................................................................9LO 4 A formal report.......................................................................................................................94.1 Stages of Team Development...............................................................................................94.2 Analysis to determine own and others roles within a team.................................................114.3 Assessing three motivation theories....................................................................................114.4 Different types of leadership style......................................................................................12TASK 6..........................................................................................................................................13LO 6 Customer service..................................................................................................................136.1 Impact of customer service on business success.................................................................136.2 Benefits of customer profiling to business..........................................................................13CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................15
INTRODUCTIONBusiness is that term which is defined as the activity in order to make one's living ormaking money with help of producing and selling products and services. In other words, it is anorganisation where people works together in order to make and sell products or services(Amanchukwu, Stanley and Ololube, 2015). It also helps in earning profits at cost of productsthat has been offered to customers. In the following report, types of organisations that is found inpublic and private sector has been discussed along with examples and also with their structures. Further, Pestle analysis has been used in order to identify impact of local, national andglobal economies on organisation. Importance of accounting and also functions HR departmenthas also been analysed. In addition to this, stages of team development and also features ofemployment legislation has been outlined. This report also highlights on motivation theories andalso different types of leadership style. Impact of customer service and benefits of customerprofiling has also been identified in the present study.TASK 1LO 1 The Business environmentCovered in PPTTASK 2LO 2 Business functions2.1 Importance of accounting for business success.Accounting is defined as a service activity. It plays very essential role in order to providequantitative information of financial nature to variety of stakeholders that are involved and areintended to be used in making decision related to economic. In other words, it is termed aspractice of systematic maintenance of company's financial records that summarises financialstatements of a particular enterprise (Delmon, 2015). Therefore, it plays very critical role inorder to keep records clean and up to date. There are many more importance that has beendiscussed as under-Helps in evaluating the performance of business- The accounting records reflects in termsof operations and also statements of financial position. In addition to this, balance sheet1
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Business function INTRODUCTION.3 TASK 1 3 2.1 Importance of accounting for business successlg...
|20
|6579
|470
INTRODUCTION TO BUSINESS.lg...
|14
|3393
|56
Types of Business Organizations Assignmentlg...
|13
|3991
|353
(PDF) Importance of Accounting for Business Successlg...
|8
|1562
|162
How Business Operateslg...
|11
|2523
|87
Assignment : Types Of Business Organizationlg...
|15
|4028
|182