...Exploring Business Activity Assignment 2 D1 Amendment To: Viren Amin Date: 17th November 2009 From: Jed Hatton Reference: BTEC Group B Subject: How managing the resources of the organisation and effective budgetary control can improve the performance of a business. Introduction: In this report I will be speaking about how managing the resources of an organisation and effective budgetary control can lead to improved performance of a business. Findings/ Main Body: As I have talked about with you before, managing the resources of an organisation and looking closely at its budgetary control is absolutely vital in business. It improves performance over every department and gives the business management team a clear view on where they can expand and develop in the future. Every public limited company that allows people to buy shares within their business must publish their accounts so that investors can see how well they are doing and judge whether or not to buy their shares on the stock exchange. All the top dog companies have a clear view on their resources and budgets; this is evident from Tesco who have lists of all their resources and a clear cash flow all on one financial statement. They made profits of over £2 billion in 2005 and this tells us that managing budgets and resources well really does improve businesses performance. Managing resources of an organisation...
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...Evaluate how managing resources and controlling budget costs can improve the performance of a business Unit 2 D1 It is very important for Dominos to manage their resources and control their budgets as the business is very large and has a number of chains in the UK. They also have a very good reputation and are also a highly profitable business. They need to keep track as on their financial progress and situation. As well as this keeping organized and in a formal structure allows the company to run smoothly and without major problems. There are four main types of resources that need to be managed; physical resources, human resources, technological resources, and financial resources. There are many types of physical resources in Dominos stores, and these are mainly the equipment and tools that are used to make the products they sell. Each member of staff should manage the equipment by regularly cleaning the equipment and the managers should be performing regular checks to make sure the equipment is fully functioning, and if not to fix the problem themselves or call in maintenance to fix the problems for them. For example, if a oven is not kept clean then it can have a build-up of dirt, rust, and decay, which would then mean that a replacement is needed. This will cost Dominos money and so by managing their physical resources it will not cost Dominos their profit, and increase the businesses performance. This means that it is important for Dominos employees to have sufficient...
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...To: Management From: Chameli Miah Date: 16th October 2015 Reference: How efficient management of human, physical and technological resources can improve the performance of the organisation. Introduction This report is going to explain how efficient management of human, physical and technological resources can improve the performance of the organisation. It will also include examples. Human resources Management of human resource is very important for an organisation, the management should therefore find the right approach to their employees to be able to plan and manage them in a professional manner. Human resource management is important for an organisation because if employees perform efficiently it increase the production and customer service in an organisation. A business can manage its human resources through methods such as: motivation, training and personal development planning. A very important aspect in HR management is employing staff with the right skills and qualifications required for a particular job role and training those staff that doesn’t have the required skill to carry out a particular task. Management of human resources is essential as it commits employees into achieving organisational goals and objectives. HRM functions as the link between the organisation and the employees. Management oh human resource plays a significant role I clarifying the organisation’s problems and providing solutions while making employees work more efficiently. Relating to...
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...Edexcel BTEC Level 3 Subsidiary Diploma in Business Unit 2:Start date:Deadline date:Assessment feedback will be provided by:Assessor: | Business Resources | Unit Code:QCF Level 3:Credit Value:Guided Learning hours: | D/502/5409BTEC National1060 | Assignment 1 – ‘Human Resources’Purpose Learning OutcomesAfter completing this unit, you should: * Know how human resources are managed * know the purpose of managing physical and technological resources * Know how to access sources of finance * Be able to interpret financial statements.You are applying for a customer service job at the Tesco store in Ilkley. | Task 1Tesco are currently employing customer service staff for the store in Ilkley. Describe the recruitment documents Tesco should use. * Briefly describe what the recruitment process is. * Describe what a job advert is and how it is used at Tesco. * Describe what a job description is and how it is used at Tesco s. * Describe what a person specification is and how it is used at Tesco * Describe what an application form is and how it is used at Tesco. * Produce a Job description for the customer service job at Tesco * Produce a Person specification for the customer service job at Tesco (This provides evidence for P1) | Task 2You decided to apply for the position of customer service assistant at Tesco in Ilkley and have been short listed to attend an interview for the job vacancy. You take part...
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...BTEC Assignment front sheet Qualification | Unit number and title | BTEC Level 3 Business | Unit 2 - Business Resources | Learner name | Assessor name | | | Date issued | Hand in deadline | Submitted on | w/c 12th January 2015 | w/c 25th January 2015 | | Assignment title | Assignment 3 - Having the Right Resources | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria reference | To achieve the criteria the evidence must show that the learner is able to: | Evidence: | P3 | Describe the main physical and technological resources required in the operation of a selected organisation. | Report | M1 | Explain how the management of human, physical and technological resources can improve the performance of a selected organisation. | Report | D1 | Evaluate how managing resources and controlling budget costs can improve the performance of a business. | Report | Learner declaration | I certify that the work submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice. Learner signature: Date: | Assignment brief Qualification | BTEC Level 3 in Business | | Unit number and title | | | Assessor name | | | Date issued | |...
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...Edexcel Level 3 Extended Diploma in Business Harrow High School Unit 2: Business Resources Grade P1 | P2 | P3 | P4 | P5 | P6 | P7 | P8 | P9 | | | | | | | | | | M1 | M2 | M3 | M4 | D1 | D2 | D3 | D4 | | | | | | | | | Overall Grade P | | M | | D | | Deadlines Date Issued: | Date Due: | Date Submitted: Date | Declarations Student: I declare that the work submitted in this assignment is my own work and any resources used have been acknowledged. I understand that false declaration is a form of malpractice. I understand the requirements of this BTEC Level 3 National Certificate in Applied Science. I have been offered constructive feedback and the opportunity to improve my work. Assessor I declare that I have issued the relevant resource material. I ensured that the student understood the requirements for the completion of this course. The student named above completed the work that is submitted and the work is their own. Student Signature | Assessor Signature | Date | Date | Unit 2 – Business Resources At the core of every organisation are the human, physical, technological and financial resources that enable it to function. This unit will give learners a broad understanding of the importance organisations place on managing their resources efficiently in order to achieve their objectives. It is important that learners are able to relate their understanding of resource management to a real organisation....
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...|Principle 1. Developing strategies to improve the performance of the organisation | | | |Indicator 1. A strategy for improving the performance of the organisation is clearly defined and understood. | |Level |Evidence requirements | |1 |1 Top managers make sure the organisation has a clear purpose and vision supported by a strategy for improving its performance. | | |2 Top managers make sure the organisation has a business plan with measurable performance objectives. | | |3 Top managers make sure there are constructive relationships with representative groups (where they exist) and the groups are consulted when developing the organisation's business plan. | |2&3 ...
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...Wrotham School BTEC Task Sheet Front Cover Name of Centre: Wrotham School Title of Course: BTEC National Subsidiary Diploma in Business Studies Unit Number and Title: Unit 2: Business Resources Name of assessors: Mr Williams Mr Toher Deadline for completion: Statement of Context: At the core of every organization are the human, physical, technological and financial resources that enable it to function. In this unit you learn the importance organizations place on managing their resources efficiently in order to achieve their objectives. Understanding how these resources are managed is one of the keys to assessing how well an organization is performing. The first part of this unit explores the range of human, physical and technological resources for a selected organization. You will investigate the importance of managing these resources efficiently and the contribution that recruiting and retaining suitable staff can make to the organization’s performance. The importance of managing the physical and technological resources efficiently is also explored. The level of an organization’s performance can be seen in its financial statements and the second part of this unit will develop your knowledge and understanding of them and highlight the need for the monitoring and control of costs and budgets. Scenario 1 You have obtained work experience as an assistant in a Recruitment Agency. One of the Agencies more important clients, ASDA...
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...Describe the main physical and technological resources required in the operation of a selected organisation This report is going to describe the main physical and technological resources in Tesco plc. Tesco operations in the UK are the largest within the Group, with over 3000 stores and over 310,000 colleagues. Over 65% of Group sales and profits come from the UK business, where they are the market leader. The report describing physical and technological resources in Tesco plc will have different aspects that will be explained and how Tesco plc manages those aspects. Physical resources Description and examples of how these feature in Tesco plc (P3) How management of physical resources can help to improve the performance of the business (M1) Buildings and facilities Tesco plc operations in the UK are the largest within the Group, with over 3000 stores in the uk. Tesco plc has also expanded in different countries such as china with 124, Czech republic with 322, hungry with 213 stores, republic of Ireland with 137 stores, japan with 121 stores, etc. Building and facilities helps resources in a business by having expanding and refurbishment will help improve business appearance, for example Tesco plc said ?We are working ...read more. Middle for example there are insurances such as, customer insurance, employees insurance, vehicles insurance, etc. this suggest that these insurance will cover something?s that happens in Tesco plc?s stores Managing insurances is important to Tesco plc because...
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...Qualification | Unit number and title | BTEC Level 3 90 Credit Diploma in Business | Unit 2: Business Resources | Learner name | Assessor name | | Kanayo Isiekwena | Date issued | Hand in deadline | Submitted on | 12th October | 6th November 2015 | | Assignment Title | Assignment 3 – Know the purpose of managing physical and human resources | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria Reference | To achieve the criteria the evidence must show that the learner is able to: | Task No. | Evidence | P3 | Describe the main physical and technological resources required in the operation of a selected organisation | 1 | Report | M1 | Explain how the management of human, physical and technological resources can improve the performance of a selected organisation | 1 | Report | D1 | Evaluate how managing resources and controlling budget costs can improve the performance of a business | 2 | Report | Assignment Title | Assignment 3 – Know the purpose of managing physical and human resources | The purpose of this assignment is to know the importance of human, physical, technological resource for a selected organisation. | Scenario: Lambeth Council has asked that you produce a report evaluating of importance of human, physical and technological resource within Lambeth. | Task : Report ...
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...Unit 2: Business Resources (10 Credits) Assessment Sheet Name: ……………………………………………………………………………… | | | | | |Assessment Criteria |Achieved | | |Describe the recruitment documentation used in a selected organisation | | |Pass 1 | | | | |Describe the main employability, personal and communication skills required when | | |Pass 2 |applying for a specific job role | | | |Describe the main physical and technological resources required in the operation of a | | |Pass 3 |selected organisation | | | |Describe sources of internal and external finance for a selected business | | |Pass 4 | | | | |Interpret the contents of a trading and profit and loss account and balance sheet for...
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...D1 – Evaluate how managing resources and controlling budgets can improve the performance of Asda. It’s important for Asda to manage all its resources and control its budgets to be successful. Managing resources and budgets gives Asda more structure and stability leading to high performance and success. If resources and budgets are not controlled then many problems could occur for Asda leading to bad performance and failure. Managing the human resources department can help to build more reliable and hardworking workforce and when managing human resources appropriately can lead to highly motivated and skilled staff and can defiantly improve the business performance. E.g. at Asda it’s important to provide staff with incentives so that they feel their work is being valued and they will want to work harder to achieve targets. I believe that if the management of the human resources department is done well then that is the key element to bringing the business to success. If the staff are well trained and looked after, they will provide better customer service which in turn will attract more customers there so they will make more money but just doing that one simple step, staff will also need to stack shelves quickly so that there is always fresh food for customers to buy. Managing physical and technological resources well can have substantial cost saving benefits for Asda, ensuring that the building and the space inside is well maintained helps Asda work more efficiently...
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...as and a-level business Get help and support Visit our website for information, guidance, support and resources at aqa.org.uk/7132 You can talk directly to the Business subject team E: business-studies@aqa.org.uk T: 01483 477 863 AS (7131) A-level (7132) Specifications For teaching from September 2015 onwards For AS exams in May/June 2016 onwards For A-level exams in May/June 2017 onwards Version 1.0 19 August 2014 aqa.org.uk G00395 Copyright © 2014 AQA and its licensors. All rights reserved. AQA retains the copyright on all its publications, including the specifications. However, schools and colleges registered with AQA are permitted to copy material from these specifications for their own internal use. AQA Education (AQA) is a registered charity (number 1073334) and a company limited by guarantee registered in England and Wales (company number 3644723). Our registered address is AQA, Devas Street, Manchester M15 6EX. AS Business (7131) and A-level Business (7132). AS exams May/June 2016 onwards. A-level exams May/June 2017 onwards. Version 1.0 Contents 1 Introduction 5 1.1 Why choose AQA for AS and A-level Business 1.2 Support and resources to help you teach 2 Specification at a glance 2.1 Subject content 2.2 AS 2.3 A-level 5 6 8 8 8 9 3 Subject content 10 Strategic decision making (A-level only) 3.1 What is business? 3.2 Managers, leadership and decision making 3.3 Decision making...
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...Unit 16: Human Resource Management in Business (10 Credits) Assessment Sheet Name: ……………………………………………………………………………… | | | | | |Assessment Criteria |Achieved | | | | | |Pass 1 |Describe the internal and external factors to consider when planning the human resource | | | |requirements of an organisation | | | | | | |Pass 2 |Describe how the skills that employees require to carry out jobs in an organisation are | | | |identified | | | | | | |Pass 3 |Outline how an organisation motivates it’s employees | | | | ...
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...The word “manage” as used in business can simply be defined as the art of dealing with people with the aim of bringing the best out of then so as to improve the productivity of the business. It is not easy to manage some of the things we have that have no life let alone people. People are complex in themselves and to have different people from different backgrounds to work together can prove to be very difficult. It is however possible for people to come together for a common goal. It does not matter how they are going to achieve their goal but the common thing that they want to achieve plays a very important role in taming people to put their differences aside and work together. Rothwell (2008, p.23) argues that it is mandatory for a leader in a business to be very good at people-skills for it is the people working at the business that are the most important people in the business. Without employees in a business then the business does not achieve its goals. They are the people that make things move. There is therefore no escaping people-skills if a business venture is to highly perform. “Management is nothing more than motivating other people”. These are the words of Lee Iacocca – former CEO Chrysler. It is therefore important for a manager to have some basic tips on how to manage people. It is vital that a manager delegates most of the objectives set to achieve so that he or she gets time to manage the team he or she has been given to manage. It also helps the manager to...
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