A balance sheet is usually prepared at the end of an accounting period. Internally, a balance sheet helps a business check its liquidity position and the current health of the business. With the use of a balance sheet managers can check the liquidity of an organization. A balance sheet also helps in
Knowing the internal and external factors as a manager can make the difference between success and failure of a business. Managers should be flexible when making decisions within an organization. The organization I have selected is my friend’s business, a local automotive shop. His shop is growing and business is very busy. Constant improvements are being made in all areas of his business in order to help it succeed.
This could be ensuring that all staff is using best practice and everyone is working in the same way. What impact would their be on the service provided by the business, with the change on working methods will the service offered to clients suffer or will it benefit the client. Failing to review the impact of change could lead to failing within a business. It is important when changes are being implemented with in a business that staff are fully trained and supported throughout. Most businesses would have a change manager who would implement the changes.
The quality of services that is an employee gives to a customer is the reason why customers return to the company. “In service firms, where the interface with the customers is broad and intense, all contact personnel must be well attuned to the mission, goals, strategies, and systems of the company. Otherwise they cannot represent their firm well and successfully handle all those crucial contacts, known
Food cost managers will generate sales forecasts to reduce the carrying costs of inventory. Perpetual inventory management will track all in store inventory transactions. This includes ordering, receiving, selling, cycle counts, and inventory adjustments. An automated inventory system would allow Kudler fine foods to meet current and future customer demands. This would also save money on hiring and training employees to order products for the stores.
Your shoppers must always be able to find these necessity items in stock whenever they are needed. These much needed products include household cleaners, health and beauty items, paper products and food items. As the current market structure of the dollar general store is important we look at the effect of government regulations. As seen in the last couple of years, DG has started offering advanced in-store services to their employees which in turn is passed to the consumers. However, more services can be added to attract consumers the best thing any business person can do is to get familiar with the country that you’re targeting.
The Finance Director, Chief Accountant, Accounts Payable Clerk, Accounts Receivable Clerk, General Ledger Clerk, Costing Technician, Payroll Clerk and Accounting Systems Technician. See appendix 2 for an organisation chart. They all have different roles and work together to provide the financial information that the shareholders require to be able to assess the performance of the business. The accounts staff work closely with the sales staff as they need information regarding the sales of the company to enable them to raise invoices. They also liaise with the warehouse staff to know what goods have been supplied and by whom so that they are aware of the invoices that will be received from the suppliers.
Riordan Virtual Organization Riordan is a company looking at all the areas of business. Starting with a strategic plan and the significance of having one, to accountability of social and ethical concerns. Having a strong knowledgeable employee base increases the moral and the security of the company both in the United States and Internationally. Providing the proper financial documentation discloses how the company is doing. Conducting key measurement guidelines to ensure they are on track with production and budget.
Production The production department is the functional area responsible for turning inputs into finished outputs through a series of production processes. The Production Manager is responsible for making sure that raw materials are provided and made into finished goods effectively. Tesco would need a production department as they would have to produce their goods and resources which will be sold to the customers, however the NSPCC wouldn’t need a production department as they do not produce any goods for the business. Customer service Customer service is often the main point of contact for a customer, so representatives can give the business a better reputation by providing friendly and quick service. In some cases, the customer service department can even generate additional sales for the company.
The third and last element is involves providing information with administration support to other managers including staff. The goal of strategic job analysis is specification of the tasks to be performed and the knowledge, skills, and abilities (KSAs) required for effective performance for a job as it is predicted to exist in the future (Schneider & Andrea, 1989).With all the details given and skills used as a Human Resource manager a company is put in good hands making sure complications and conflicts are taken care of throughout all of the company. It is very imperative that job analysis are used in companies. Human Resource managers are highly trained to oversee departments throughout the whole company while using different methods to ensure nothing goes wrong that could cause the company any kind of trouble. These methods used improves the conditions