...How managing resources can improve the performance of the business Managing costs is a very important aspect of managing financial resources. If expenses are not managed effectively, this can lead to low profits and the business being potentially unable to pay its expenses. Keeping within a budget, increasing income in order to cope with change, making sure that working capital is available and making sure that money set aside for emergencies is all part of the balancing exercise. Human resources Barclays HR team works to ensure that the organisation and people strategies are aligned. They make sure that all of their employees have the opportunity to grow and develop and get the best out of their jobs and careers. Strategic Human resource management is a plan that facilitates the way an organisation is being run. There are different ways in which human resources in Barclays operate but they focus their attention on three main areas of management which are; staffing, employee compensation and defining or designing work. The target of the human resource department is to optimize the effectiveness of its employee in order to maximize productivity and increase profit. The basic mission of human resources is to acquire, develop and retain talent; align the work force with the business; and be an excellent contributor to the business. The human resources department of Barclays must provide executive management with fundamental ideas that will help to not only gain market share...
Words: 813 - Pages: 4
...There are many things Tesco’s can do to improve their operations ethically, which I am going to explain below how. There are a number of ways how organisations can improve the way they operate ethically and I will be assessing how a large organisation such as Dial-a-Phone can function more ethically. Dial-a-phone is national mobile phone provider who are owned by the even bigger company Phones 4U. Organisations are often scrutinised for not operating more ethically, and it is important that organisations act on this criticism. From a customer’s point of view, people often take concern in the modern issues of today’s world and they like to know that the company’s they purchase from are taking in their concerns and taking certain measures to make sure that they are acting as ethically as possible whether this be towards the environment, carbon footprint, produce, supplies and work staff. From an organization's point of view the company want to make sure that they operate ethically because it attracts customers, investor’s new employees and sales. As I have just stated there is a market segment of customers who would like to purchase ethically made and designed products so it is vital the organisation target this market by operating more ethically to boost their sales. Investors also take interest in ethical companies because they know that an organisation is going to turn over more revenue if it starts operating ethically, or for personal reasons such as they themselves would...
Words: 324 - Pages: 2
...Ninety percent of all postpartum hemorrhages are caused by uterine atony-that is, failure of the uterine muscles to contract normally after the baby and placenta are delivered. The blood vessels supplying the placenta during pregnancy are severed when the placenta separates from the wall of the uterus. The bleeding that results from these severed vessels normally stops when the uterus contracts, compressing the vessels. However, if the uterus doesn't contract enough, the bleeding can continue. Significant blood loss can result from a floppy, uncontracted uterus. Factors that may prevent the muscles of the uterus from contracting include the following: * prolonged labor; * the use of oxytocin (Pitocin) during labor; * general anesthesia; * twin or multiple births; * increased amounts of amniotic fluid (polyhydramnios); * delivery of a large baby; * history of more than five pregnancies; * abnormal labor (dystocia); and * infection (chorioamnionitis). In addition, fragments of placenta remaining in the uterus after delivery or benign growths within the walls of the uterus (known as fibroids) can also prevent the uterus from contracting normally. Active Management Many practitioners actively manage the third stage of labor, gently pulling the umbilical cord and administering oxytocin to help the uterus contract and promote delivery of the placenta. The uterus can also be massaged to help it contract firmly. Many studies show this technique...
Words: 1718 - Pages: 7
...functions of a business that are important for understanding the role of information systems? * Define a business and describe the business functions. * According to the book “A business is a formal organization whose aim is to produce products or provide services for a profit.” * There are four major business functions. They are manufacturing and production, sales and marketing, human resources, and finance and accounting. * Manufacturing and production: assembling the product, checking product quality, producing bulls of materials * Sales and marketing: Identifying customers, making customers aware of products, selling the products * Human resources: hiring employees, evaluating employee job performance, enrolling employees in benefits * Finance and accounting: paying creditors and employees, creating financial statements, managing cash accounts * Define business process and describe the role they play in organizations. * Business process is the steps and tasks that describe how a business’ work is organized. A business process is important so that each employee follows the same steps and tasks when working for an organization. * Identify and describe the different levels in a business firm and their information needs. * Senior management: makes long-range strategic decisions. They need information about the overall performance of the business. *...
Words: 2779 - Pages: 12
...------------------------------------------------- Lo3 Know benefits of social media for business to an organisation P3 describe benefits to an organisation of using social media for business M3 explain how social media for business could be used to improve business functions ------------------------------------------------- Lo3 Know benefits of social media for business to an organisation P3 describe benefits to an organisation of using social media for business M3 explain how social media for business could be used to improve business functions Steven Cunnah Steven Cunnah LO3 Know benefits of social media for business to an organisation P3 describe benefits to an organisation of using social media for business Introduction In this document I will be describing the benefits of using social media for business for an organisation. I will explain the range of different ways social media benefits these organisations in text form, I will also use screenshots with illustrations on. I will use diagrams which also briefly explain the benefits of social media. I will give examples to further explain the benefits of using social media for business and I will use all of this when necessary. Improved sales Improved sales in a business is when the percentage of sales increases in a period of time. Improved sales is a benefit of using social media for business for an organisation because when using social media to promote your business you are constantly advertising your company to your followers...
Words: 1618 - Pages: 7
...` Regent CollegeCollette DivisionL3 BTEC National Business2013/14 | | Student Name | Abdullah Kadiri | UNIT: 2 | Business Resources | Unit Credit value | 10 | ABOUT THIS UNIT | The aim of this unit is to develop learner knowledge of the range of human, physical, technological andfinancial resources required in an organisation, and how the management of these resources can impact on business performance. | ASSESSOR(S) | FBE/MHU | ASSIGNMENT REF: | | START DATE: | 2/12/13 | END DATE: | 15/03/14 | Task 1:P1, P2 and M2 | ScenarioYou are a manager at a local business (your selected organisation) and you have been invited to give a series of two careers talks to Year 11 students about recruitment and selection within your organisation.Your presentation should include the following:P1 * A brief introduction to the business; * A summary of the types of employment within the business; * An explanation of the recruitment process with emphasis on the purpose and contents of job descriptions. This should be supported with annotated examples of job descriptions from the selected organisation; * An explanation of the purpose and content of employment contracts. This should be supported with an annotated example of an employment contract from the selected organisation. * For evidence produce written examples P2 * A description of one specific job within the organisation. This could relate to one of the...
Words: 1396 - Pages: 6
...Chapter7 ANSWERS TO DISCUSSION QUESTIONS How is e-business “redefining old business models, with the aid of technology, to maximize customer value? e-business is more than just buying and selling of products and services through the means of digital media. Whereas e-commerce concentrates on buying and selling, e-business encompasses e-commerce and a whole lot more. For example, e-business includes both front – and back-office applications that form the engine for modern business. e-business is redefining old business models through the aid of technology, to maximize customer value. e-business is the use of the Internet and other networks and information technologies to support electronic commerce, enterprise communications and collaboration, and Web-enabled business processes both within an internetworked enterprise, and with its customers and business partners. 2. Why is there a trend toward cross-functional integrated enterprise systems in business? Cross-functional information systems are integrated combinations of business information systems that share information resources across the functional units of an organization. Integrated systems allow the same data to be used for multiple applications; information output from one function can easily become data input to another function. Only one integrated database needs to be maintained. Many organizations are using information technology to develop integrated cross-functional enterprise systems that cross...
Words: 1723 - Pages: 7
...Unit 2: 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...
Words: 1622 - Pages: 7
...Extended Diploma in Business ( Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to research and draw up a report explaining business ethics for a...
Words: 1010 - Pages: 5
...What Business Should do to Restore Competitiveness by Michael Porter and Jan Rivkin I. Summary The article by Michael Porter and Jan Rivkin, titled What Business Should do to Restore Competitiveness, revolves around the idea that American business and America as a whole are losing their global competiveness. With this premise, the authors shared a key perspective or idea which combined two present believes in that country. The perspective they provided is that businesses can and should enhance the commons, or its business environment, which the government has set. This would mean that it is the responsibility of both the government and the businesses to improve the commons. Long-run profits may be derived by the businesses employing this method. They, the authors, defined competiveness as the ability to operate in the United States and successfully compete with the global economy while supporting the high and rising living standards in that country. The article then discussed several ways to improve or restore competiveness. The ways may be classified into three categories. The first method was to pursue productivity. Productivity is not only found by producing more but also by emphasizing unique strengths that the American sector can provide. The article also states that it’s not necessary to always stay within the United States. This became evident in the fact that there are several multinationals expand faster in the States when they are also expanding in other countries...
Words: 1908 - Pages: 8
...in Business (Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behavior on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to research and draw up a report explaining business ethics...
Words: 1009 - Pages: 5
...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...
Words: 842 - Pages: 4
...allocation and allowing them to concentrate more on efforts on the core business. In the first quarter of 2008 The Home Depot, Inc decided to close 15 underperforming stores and still making an operating profit and $41 billion in assets. Any business needs to be able to look at and analyze their Income Statement, Balance sheet, and Statement of Cash Flow to help determine if they are successful and if they need to make any adjustments to the business operations to make it more successful. Income Statement The Consolidated Statements of Earnings tells how the business is doing in performance and profit. This statement shows the gross profit growth, operating expenses, operating income, and earnings from continuing operations before provision for income taxes, and the earnings from continuing operations. The statement for The Home Depot, Inc. shows how the business had a decrease in fiscal year 2008 of 7.8% and a decrease in Net sales. The Home Depot, Inc. reported Net Earnings of $2.3 billion in fiscal year 2008 compared to $4.4 billion in fiscal year 2007. The statement reflects some of the decisions taken to improve and the closing of the stores for that year to improve in other areas. This Income Statement is very important because it will reflect the success of the business as well as the profit that is made. This will show is an investor is willing to invest in the business or if the business can show...
Words: 1290 - Pages: 6
...categories in business to evaluate the present status of internal methods and strategies, and improve the comprehensive operation of the company (What is Operations Consulting?). A problem that I have experienced with the consulting process at a current or past employer will be explained. The longest on and off job that I have held while in school has to be working as a sales associate at Macy’s. Working in the retail field definitely allows a person to know so much more about how a business is ran and what all goes into all the sales and profits. With this particular employer there were a few problems in the process that I have seen not personally dealt with. As an associates we were really never told how we were doing in personal sales and how we were performing in our job; the guideline for Macy’s was that managers are supposed to speak with each associate and tell them how they are doing and what improvements need to be made and what they were doing great at each quarter, but we barely were shown any information of that. I worked there a consecutive year and was not shown once at all. What would I want my client to be aware of that would help significantly in re-engineering the process? Re-engineering is defined as the systematic starting completely fresh and recreating the business process gets the work that is needed done (Re-engineering ). There is also the business process re-engineering process, which is a fundamental rebuild of the core business processes to...
Words: 520 - Pages: 3
...|Title |IT205 Smart Scenario - Clarifying Business Strategy Through Database Analysis | |Event Coordinator | |What are the current problems that the Event Coordinator is having? (multiple choice, multi-select) | | | |☐ System is disconnected from other departments. | |☑ Too much manual intervention in the business process. | |☐ Required information is not always available. | |☐ Information retention is inefficient or non-existent. | |☐ Poor use of available information technology resources. | |☑ Insufficient use of database technology or tools. | |☐ Poor communication. ...
Words: 861 - Pages: 4
