...P1 Physical Man-made items are the source of physical resources that deals with day to day challenges in the business. Physical resource includes building, machines materials Insurance Maintenance. Material Management- They use in the planning, directing, controlling and coordinating those activities which are concerned with materials and record requirements, from the point of their beginning to their introduction into the manufacturing process. It begins with the determination of materials quality and quantity and ends with its issuance to production to meet customer’s demand as per list and at the lowest cost. Building SDSL is based in huge store. They have many departments such as electrical, poster and mirror like big glasses. They also have warehouse and different area for different product. They have a different department staff. An example of physical resource that SDSL needs is adequate building and facilities, such as a small office space for the HR and financial department s to a large warehouse space to store all of SDSL products. When customers enter the building facilities need to be arranged for them, such as meeting rooms or front desks. SDSL, for example, often have desks or rooms where customers can talk to an adviser about financial products, such as jewellery displays seen in Goldsmiths, as well as a screened area from which money is given out or paid in.For some businesses, the attractiveness of the building is not as important as the...
Words: 1199 - Pages: 5
...Buildings and Facilities - The business I am focusing on is Tesco in Chepstow. It is a superstore and consists of one building for the actual store and one building for the petrol station. The large car park has disabled parking and mother and baby parking closer to the doors so there is accessibility for everyone. Also there is recycling bins at the bottom of the car park. Inside the superstore there is a grocery collection point, direct collection point, clothing collection point, direct order point, general facilities, food ranges and enabling facilities. Also inside the store is a Timpson Ltd kiosk which has a dry cleaners, shoes repairs, phone repairs and key cutting available. The building of Tesco in Chepstow promotes exactly what it need to; it has a very basic design and is very simple. On the front of the building it had a huge sign saying Tesco and they’re slogan “every little helps”. Materials and Waste – one of the main things Tesco have to consider is their storage. They sell hundreds of different products and being able to store them is very important as if they cannot store all of their products, when they run out of stock they would have to wait while for new stock. They must have the facilities to store foods, drinks and other products that aren’t food related. As Tesco use electronic tills and self service electronic tills, they will have computers for programming. Also as they have offices to keep everything in order for the business to keep running; they will...
Words: 1512 - Pages: 7
...Fraudulent Activities of Bre-X Minerals Company Strayer University Abstract This paper covered the ways in which investigating management and directors would help determine the value of Bre-X’s gold prospect. This paper also covered the ways in which investigating the company’s relationship with other entities would help in the determination of Bre-X’s gold prospect. Another area this papered covered was the ways was the ways in which investigating the organization and its industry would help determine the value Bre-X’s gold prospect as well as the ways in which investigating the financial results and operating characteristics would help in the determination of the of the company’s value. Lastly this paper covered some of the perpetrators motivations to commit fraud. Fraudulent Activities of Bre-X Minerals Company “Financial statements fraud involves the intentional publishing of false information in any portion of a financial statement (Association of Certified Fraud Examiners).” The Bre-X Minerals Case, provided false information that became detrimental to investors. The false information that harmed investors led to the analysis of how investigating management and directors would help in the determination of the company’s value of gold prospect’s. This also led to the ways in which investigating the company’s relationship with other entities, the organization and its industry and the ways the financial results...
Words: 1138 - Pages: 5
...INTD670: Leadership and Ethical Decision-Making Individual Project on Policy Development Bobbi Brien Colorado Technical University A two page summary on reporting and investigating measures The purpose of a code of ethics/conduct is to have a written set of guidelines for a company to follow with how it is to conduct its business. It is a tool that outlines the company’s procedure on its standards of professional conduct. Though the language should be written to outline the way it conducts business, this is only one element to a code of conduct. By putting policies into place, the code of ethics sets the standard and it also creates a path with how the company manages the way employees are to deal with problems and prejudices. There are many elements that need to be addressed within the structure of the policy, and one of those elements that must be addressed, in its creation, are the threat potential. The threat potentials, also known as risk managements, are issues like sexual harassment, etc., which is a major reporting concern of code violations (Accounting Web, 2009). Another detail that should be addressed is the point that there is really no specific wording or standard for the structure of the policy, only that the company has to write the context in simply terms that everyone can understand. Then its trial and error from there once the policy is put into place. This is why it is important to update the company’s policies every year, so it can...
Words: 787 - Pages: 4
...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...
Words: 1862 - Pages: 8
...provides a comprehensive insight into the company, including strategy formulation, strategy planning, and strategy evaluation and selection as well as strategy implementation. This will involve in investigating the organization’s external environment, to identify Opportunities and threats it might face, and its strategic capacity, capabilities to isolate key strengths and weakness. Overview of the Company: A Multi-National Company named Vodafone is one the leading companies in Telecommunication Industry. Vodafone PLC Vodafone is a leading global player in mobile telecommunications. It operates in over 26 countries worldwide. Vodafone has grown rapidly since it was originally formed in 1984. It has responsibilities to its 60,000 staff and 151 million customers and shareholders. Vodafone offers a wide range Products/Services, such as • Voice Services • Social Products • Messaging Services • Vodafone live • Vodafone live! With 3G • USB modems • Vodafone Mobile Connect Data Cards • Roaming Services and Other Business Services Vodafone was formed in 1984 as a subsidiary of Racal Electronics Plc. Then known as Racal Telecom Limited, approximately 20% of the company's capital was offered to the public in October 1988. Vodafone Business Strategy: Vodafone's current business strategy is to grow through geographic expansion, acquisition of new customers, retention of existing customers and increasing usage through innovations in technology. This is proving a very successful...
Words: 851 - Pages: 4
...Phida HR OUTSOURCING The Human Resources department or support systems are responsible for personnel sourcing and hiring, applicant tracking, skills development and tracking, benefits administration and compliance with associated government regulations. A human resources department is a critical component of employee well-being in any business, no matter how small. HR responsibilities include payroll, benefits, hiring, firing, and keeping up to date with state and federal tax laws. Any mix-up concerning these issues can cause major legal problems for your business, as well as major employee dissatisfaction. But small businesses often don't have the staff or the budget to properly handle the nitty-gritty details of HR. Because of this, more and more small businesses are beginning to outsource their HR needs. HR outsourcing services generally fall into four categories: PEOs, BPOs, ASPs or e-services. The terms are used loosely, so a big tip is to know exactly what the outsourcing firm you're investigating offers, especially when it comes to employee liability. A Professional Employer Organization (PEO) assumes full responsibility for your company's HR administration. Business Process Outsourcing (BPO) is a broad term referring to outsourcing in all fields, not just HR. Application service providers (ASPs) host software on the Web and rent it to users--some ASPs host HR software. E-services are those HR services that are web-based. Both BPOs and ASPs are often referred...
Words: 1178 - Pages: 5
...participation helps following activities: Gives people a little idea over how projects or policies may change their lives; Is necessary for sustainability; Generates a logic of ownership if started early in the advance procedure; Gives opportunities for learning for both the project team and stakeholders themselves; and Builds ability and improves responsibility. Stakeholder analysis is also a proper time to discover whether or not gender will be an issue in the amplification and carrying out of future efforts. It is well standard that discrimination by gender is possible to reduce the impact and usefulness of projects and policies. Furthermore, the addition of women as stakeholders has the potential to get both better management of the resource base and enhanced community welfare. Gender analysis involves the assessment of the following: The distribution of tasks, activities, and rewards associated with the division of labour at a particular locality or across a...
Words: 1362 - Pages: 6
...with CSR to that of no CSR 7. To identify the contributions of company’s CSR to the development of its competitive advantage 8. To provide companies in the local areas of recommendations of whether or not to employ CSR activities RATIONALE/SIGNIFICANCE OF THE STUDY Corporate social responsibility (CSR) has been publicized as an effective management tool to strengthen the company’s performance through the creation of a better image in stakeholder's mind and also because of their responsible behavior in minding the overall welfare of the society. CSR has not been given much attention voluntarily in previous years. Most companies were only surprised by public responses to issues they had not previously thought were part of their business responsibilities. In fact, the undertaking of CSR has been through many evolutions in its concept and application because of the environmental activism as well as government regulations. Socio-civic organizations of all kinds have been more aggressive and effective in bringing public pressure to bear on corporations. These pressures clearly demonstrate the extent to which external...
Words: 992 - Pages: 4
... * For inspecting the association’s presentation and situation and taking apposite measures to progress the company effects. Employees * For investigating the feasibility and productivity of their speculation and decisive any upcoming course of achievement. Four external users of accounting information are Creditors, Investors, Customers, Regular Authorities. Creditors * For decisive the credit dullness of the association. Relations of credit are set by creditor rendering to the assessment of their customers monetary such as banks. Investors * For investigating the practicability of capitalizing in the company. Depositors want to make sure they can earn a sensible return on their investment before they obligate any financial capitals to the company. Customers * For evaluating the financial situation of its supplier which is essential for them to continue a constant source of supply in the long term. Regulatory Authorities * For certifying that the company’s revelation of accounting info is in agreement with the directions and protocols set in order to protect the interests of the stakeholders who trust on such material in forming their choices. Question2 i. Historical Cost * Is the value of a source given up or a liability acquired to obtain an asset/service at the time when the resource was given up or the liability experienced? Example * 250 units of an item were bought two month back for $550 per unit. The price today is $660...
Words: 815 - Pages: 4
...external ... www.markedbyteachers.com/.../business.../finance-i-will-be-describing-... Finance. I will be describing what internal and external sources are. ... Owner's fund The owner of a business might have to use there own savings to start there ... P4 Describe Sources of Internal and External Finance for a ... www.termpaperwarehouse.com › Business and Management Jun 10, 2014 - Read this essay on P4 – Describe Sources of Internal and External Finance for a Selected Business . Come browse our large digital ... [PPT]External sources of finance - BTEC Business btecbusiness.weebly.com/uploads/6/8/7/9/.../p4_sources_of_finance.ppt P4 Describe sources of internal and external finance for a selected business. This must be applied to a specific business, so choose one to base your work on ... Assignment 3 P4 - Level 3 Business Ms Groves - Google Sites https://sites.google.com/site/.../home/...2-business-resources/assignmen ... evidence for: § P4 Describe sources of internal and external finance for a selected business ... Finance P4.pptx. (91k) ... Finance ResourcesP4.pdf. (239k). Assignment 3 - P3, P4 - Sir Bernard Lovell Business https://sites.google.com/site/sirbernardlovellbusiness/home/btec...3/.../merit Task 1 - Describe the main physical and technological resources required in the ... 2 - Describe sources of internal and external finance for a selected business. Sources of Finance | Essay UK www.essay.uk.com/business-accounting-finance/sources-of-finance.php ...
Words: 350 - Pages: 2
...Resolving Ethical Business Challenges Brief Summary: This case is about an employee named Lael who was hired by Best East Motels as part of their manager training program. She was extremely excited to be joining the company due to the potential benefits that she may receive after graduation. In the early stages she gained quite a bit of luck meeting her mentor Nikhil, the son of the motel franchise boss. Despite the great beginning of her tenure, she would learn tht her mentor wasn’t really who she thought he was. After investigating an unusually high turnover rate that would consist of mostly female employees, she learned that her mentor Nikhil was presenting an unethical business view for female employees. Many female employees would come clean to Lael, notifying her of sexual harassment from Nikhil and male employees which left Lael in a dilemma due to her not seeing this behavior with her own eyes and not being a victim herself. 1. Six months into her job, Lael started to realize that there was a heavy employee turnover rate. Through investigating, she realized that the heavy turnover rate was due to sexual harassment claims from female employees against the motel franchise owner’s son Nikhil, who was also her role model. Lael should get involved in reporting if she has not experienced any of the allegations that other employees are making because the franchises employee handbook clearly states that unethical behavior such as sexual harassment is not tolerated and...
Words: 744 - Pages: 3
...function for the business. “Planning communicates strategic value for the business; leading gives the employee’s motivation to do something good for the company and themselves, organizing develops the central point for the company and gives a more concrete way of building on dynamics, and controlling develops the center point for the company and how changes may come” (Bateman & Snell, 2009). The external function focuses on the market, social contact, HR, other competitors and many more external functions on the outside of the company. Another focus that may be important is supply and demand according to (Bateman & Snell, 2009). After analyzing the external function it has a major impact on all four functions for the company. Planning can become vital for the company when implementing new structures. Organizing can become more complex when adapting to innovative changes for the business. Controlling can become more contingent on the business for changing external factors and amend new management technology. However, the leading functions can help motivate externally and internally. In today’s economy, internal factors corresponds to human resources assessments, marketing audits, operation analysis, and other internal resource analysis according to (Bateman & Snell, 2009). When implementing internal factors they have similar ways of external factors. Management would not be able to approach and modify the internal factors without investigating the...
Words: 329 - Pages: 2
...study the ERP implementation process and the associated problems in each phase of ERP implementation. Fourteen critical failure factors were identified and analyzed, and three common critical failure factors (poor consultant effectiveness, project management effectiveness and poo555îr quality of business process re-engineering) were examined and discussed. Future research on ERP implementation and critical failure factors is discussed. It is hoped that this research will help to bridge the current literature gap and provide practical advice for both academics and practitioners. Keywords: Critical Failure Factors, ERP Implementation, ERP Life Cycle. 1. Introduction An ERP system is an integrated software solution, typically offered by a vendor as a package that supports the seamless integration of all the information flowing through a company, such as financial, accounting, human resources, supply chain, and customer information (Davenport, 1998). ERP implementation is a lengthy and complex process, and there have been many cases of unsuccessful implementations (Parr and Shanks, 2000), which have had major impacts on business performance. As ERP plays a very important role in business, ERP implementation and its critical issues, success factors and implementation problems have been investigated in the...
Words: 737 - Pages: 3
...trying to achieve. We undertake activities and initiatives that will produce products or services called ‘outputs’ that will contribute to achieving our desired outcomes. We control the outputs we produce but not the outcomes we hope to influence. We use opportunity management processes to ensure that the initiatives and activities we undertake are those most likely to positively shape the outcomes we desire. All organizations have limited time, limited funds, limited skills, limited volunteer base, etc. There are only so many initiatives or activities that any organization can undertake. It is critical that the work we do fit with our logic model, produce tangible benefits, be undertaken in partnership (where possible) to leverage resources,...
Words: 3881 - Pages: 16
