Business Operations Report: Sainsbury's, Accounting, and HR Functions

This report provides a comprehensive analysis of business operations, focusing on key aspects such as accounting, human resources (HR), and team development. It begins by emphasizing the importance of accounting for business success, detailing how it aids in financial management, decisi...Read More

HOW BUSINESS
OPERATE

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
Covered in PPT.......................................................................................................................1
TASK 2............................................................................................................................................1
2.1 Importance of accounting for business success................................................................1
5.1 Different functions of HR department in business...........................................................1
5.2 Key features of employment legislation...........................................................................2
TASK 3............................................................................................................................................2
3.1 Accounting workshop.......................................................................................................2
TASK 4............................................................................................................................................5
4.1 An analysis to determine own and other's roles of team members..................................5
4.2 Team Development..........................................................................................................5
TASK 5............................................................................................................................................7
Covered in PPT.......................................................................................................................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business companies include various sectors and branches that has their own
responsibilities and authorities. In United Kingdom, there are several business types along with
distinct operation structures. These organisation can be differentiated by their prescribed goals
and vision. Accounting can be defined for a company due to presented company failure and
success in numbers. Manager and owners that can carry out in context of enterprise. Consumer
relationship can be effective and assisting as well. Sainsbury's second biggest supermarket chain
within the United Kingdom (Weiss, 2014). Employer duties is to contain adequate personnel so
that practices are implemented in suitable review.
TASK 1
Covered in PPT
TASK 2
2.1 Importance of accounting for business success
To operate a business, this is sentential to document information, reports evaluate and
make certain information in regard of debts, assets, profits, liabilities etc. Accounting
information is fundamental for the decision making and management of Sainsbury's.
Administration can not consider any decision without reasonable backup of data. Here are
mentioned some benefits of accounting system for prosperity and growth of business:
 Finance division can frame budget and manage activities.
 Assist in income and expense documentation through administration.
 Accounting can aid in acknowledging loss or benefits of operations with ascertained
activities.
 Assist in managing financial and market position of organisation.
5.1 Different functions of HR department in business
This is employer's duty to contain adequate personnel and qualified manpower in order to
operate business activities appropriately. Several practices are performed through personnel that
are discussed here: Recruitment and Selection: HR can implement hiring procedure to fill vacant places and
hire new applicants to enhance workplace (Adjei, and et. al., 2014). Organise various
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selection and hiring approaches such as internal and external recruitment for more
effective execution of this function. Training and Development: Administration organise appraisal, providing motivations for
anticipating skills of worker through comparing standard outcome of performed
practices. This also provide new modification, development and skills to worker to face
issues and challenges. Employee Relations Management: Employer forms friendly relations with members to
retain them stimulated and dedication regard their work (Palattella and et. al., 2016).
They manage negotiation procedure, anticipate conflicts and manage solution in more
suitable manner.
 Staffing: This is fundamental functions that assist in staff the qualified worker on the
suitable job role and organise more effective practices to motivate work.
5.2 Key features of employment legislation
State of nation structure several regulations and policies to safeguard members rights as
well as benefits the staff members. Here are mentioned some traits that legislation of employee
consist of:
 Government has framed health and safety law, so worker get secure working
environment and positive workplace. With this, people get more authentic duration and
working hours that affect their mental ability and health.
 Discrimination legislation assist in rendering more fair treatment to disable worker where
as employee equality act lead to fair treatment and less biasses on the gender, religion and
other grounds (Omar, Leach and March, 2014).
 HR deliver members more opportunities on the outcomes and performance basis, as
equality can be rendered through treating and providing equal opportunities to both.
TASK 3
3.1 Accounting workshop
Sainsbury's profit as well as loss statement of 2017
Revenue 2017
Total Revenue 31907000
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Cost of Revenue 29919000
Gross Profit 1988000
Operating Expenses
Selling General and Administrative 1207000
Operating Income or Loss 781000
Income from Continuing Operations
Total Other Income/Expenses Net 41000
Earnings Before Interest and Taxes 777000
Interest Expense 165000
Income Before Tax 612000
Income Tax Expense 153000
Net Income From Continuing Ops 414000
Net Income
Net Income 459000
Preferred Stock And Other Adjustments -
Net Income Applicable To Common Shares 459000
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Interpretation: It can state that the company has earned 45,9000 net income in 2017 and
781000 loss and benefits in the year.
TASK 4
4.1 An analysis to determine own and other's roles of team members
In a company, manpower seek for an effective team on the grounds of abilities and skills
in regard of performing various tasks in more efficient manner as well as complete aims within
determined time (Petro and Gardiner, 2015). My interpersonal abilities was developed, as
healthy and friendly relations that was formed by subordinate. With this, my leadership and
interaction abilities emphasise as the instructions and guidance that was rendered to worker in
regard of tasks and duties assigned to employee. Teammates work various practices to
effectively activities their targets and certain deadlines; if the group are allotted targets as per
their skills. Beside this, I am able to manage various qualified workers along with competent
employee for more longer time. Hence, company deliver more authentic activities as per the
wants and requirement of consumer, thereby objectives and goals are attained timely.
4.2 Team Development
In Sainsbury, administration frame teams to deliver and develop productivity in services
and items in market. There are numerous team development which personnel performed are
claimed below:
Team Development Stages Forming: This is initial phase in which members act more polite and positive
understanding each other's opinion (Reim, Parida and Örtqvist, 2015). Storming: This is next phase where team push themselves to edges formed in previous
stags which lead often lead to conflicts. Norming: In this phase, the team members establish understanding, respect opinion and
provide authority to leader. Performing: In this phase, team lead to hard work without friction and achieve their
targets.
Motivation Theories
There are several methods, theories of motivation which can be used by a business
organisation so as Sainsbury's. Here are mentioned some of those:
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 Hierarchy Need Theory of Maslow: It is most widely known and earliest considered
motivation theory given by Abraham Maslow in 1940 – 1950. This majorly consider five
major categories i.e. psychological requirement, safety need, love and belonging and
esteem as well as self-actualisation. Lowest unsatisfied requirement become more
dominant or the significant and most powerful requirement. As per the need of
motivation, priority requirements are framed in the pyramid from bottom to top.
 Alderfe: ERG theory: this theory has distinguished the motivation acquirements into
three categories i.e. existence, growth and relatedness. Safety and physiological
requirements in combined way lead to existence requirement. Relatedness can be referred
as esteem and belongingness in harmonised manner (Amit and Zott, 2015). Whereas
growth can be termed as self-esteem and self-actualisation together. Alderfer also
affirmed that higher-order requirement are satiate which are essential.
 Expectancy Theory of Vroom: This theory emphasis over the content and procedure of
motivation which integrates reinforcements reinforcement and equality theories.
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Illustration 1: Maslow's Hierarchy Need Theory
Source 2: Maslow's Hierarchy Need Theory, 2017

Expectancy where refer to the belief of an individual in success, instrumentality can be
claimed as the belief a relation between goal and practices whereas Valence can be
referred as individual's rewarding values.
 Autocratic Style: In this method, the higher authorities conduct the process of decision-
making and management holds the entire control over the operated practices. Democratic Style: In this style of leadership, worker and members are allowed to involve
in decision-making procedure and subordinates has role in the market conditions.
 Laissez-faire Style: In this, executive deliver power to personnel to select their decision
while performing practice. Hence, worker will implement practices in more ideal manner
as they will be able to work task efficiently.
TASK 5
Covered in PPT
CONCLUSION
It can affirm from the above summarised report that there are various types of
organisation which varies according to the size, scope, structure and purpose within the business
industry. Various activities and team working practices are organised which needed to followed
by an organisation in order to achieve their objectives. This is essential to provide proper
motivations and there are several theories of motivation through which an organisation can
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Illustration 2: Vroom's expectancy Theory
Source 2: Vroom's expectancy Theory, 2018

stimulate their worker. This can be claim that consumer services are more beneficial for the
growth and success of organisation that they need to manage in their company.
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