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Understanding Business

Table of Contents
Page No.

Introduction 1
TASK 1 1-6
1.1 Human Resource Management (HRM) 1-3
1.2 Accounting 3
1.3 Marketing 4-6
1.4 Operations Management 5
TASK 2
Analyzing the Key Issues 7-9
2.1 Human Resource Management (HRM) 7
2.2 Marketing 8-9
Conclusion and recommendations 10
References 11

Introduction

Understanding business is very important when a company is going to operate for the first time. Without understanding business and its core component like HRM, Marketing, accounting, and operational management it is difficult to initiate business efficiently. That is why these issues can play a big role in an organization and it is very necessary to understanding business. Eastern food is going to launch its business. So this organization should consider accounting, marketing, operational management and HRM factors so that Eastern food can overcome its challenge when it is starting its business.

Task 01

1. human resource management:

In the time of consideration of success in any business, human resource management (HRM) is the key player to go forward towards the goal. Only the effective and efficient employee can make every single complex task easier that is the main point to overall success in a certain period. Human resource management itself being thought responsible to operate some major function namely retreatment process, training, and other motivational work events. In the arrival of HRM it maintains the inflow and outflow of the human resource effectively. Eastern food, specialized to the food services, is to consider for the purpose of getting qualified employee.

Key Issue HRM

According to Kelly (2000), Human resource management is referring to the selecting, recruiting or training employees to develop competency in organization in order to attain organizational goal. Generally HRM