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Gnvq Business Unit 1:Investigating How Businesses Work [Intermediate]

2883 words - 12 pages

task 1 TAims and objectivesMaking a profitIt is very important for a business to make a profit because no business can survive for very long if it is not profitable. Small businesses need to make a profit because the owner will not be able to live or pay its creditors and large companies need to make a profit so that it can pay its shareholdersProviding goods to the local or wider communityEvery business makes goods, provides goods or provides services. Banks for instance provide a financial service. Retailing organisations sell goods. One example is Debenhams. Manufacturers make goods one example is massy Ferguson. It is also possible foe organisations to offer a range of goods and services. For example the co-op sells goods to consumers and also offers insurance. Organisations also differ in whether they offer their goods or services nationwide, locally or internationally. The type of product can usually determine if they sell their product locally, internationally or nationwide. For example it is not profitable for a mobile phone operator to sell their service locally as their costs would be too high.Survive as a business or expandWhether or not a business decides to concentrate on surviving or expanding usually depends on how the business has done in the last year, the previous year or what it predicts for the next or future years. For example if the economy is through a recession then a business may decide that it cannot improve sale and so will concentrate on surviving by reducing costs or if an organisation or an entire market such as the air-line industry go through a bad time then they will decide that the time is not right to try and expand so will concentrate on survivingTask 2Functional areas within a businessIn a business a range of different functions have to be carried out. Human resources, finance, administration, production marketing and sales and customer service are some departments that carry out different functions.4 job roles in human resources are human resources director, human resources manager, Health and safety officer and security officer.The role of a Human Resources director is to decide on the overall staffing policies. This job also requires you to advise senior management, set the Human resources budget and be in charge of all the Human resources functions. The role of a human resources manager is to look after the human Resources department and staff and also participate with industrial relations and trade union negotiations setting out the company's policies. The job, health and safety officer involves everything to do with health and safety, especially accident monitoring and prevention of staff and consumer injuries. For example making sure there is an adequate notice if there is a wet floor. The job of a security officer is to make sure all security personal is doing their job and implementing security ideas and policies. They are in charge of security personal.Human resourcesThe role of the human...

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