Business at work
AVCE Business At Work - Unit 1 FINANCE The financial department would deal with all the financial matters. This includes keeping to the business’ budget. ... The department would also work with shareholders receiving interest and dividends (paying the share holders). The finance department also need to know how the business can achieve its’ aims in making its profits and how to invest in products or services that will help achieve Dixons Group PLC’s aim. The finance department would deal with documents such as profit and loss sheets, balance sheets, cash flow forecast (to predict how the business is doing) and so on. The finance director’s job is to work with the finance managers, other directors from different sections of the company and Dixon’s group plc’s chairman of executive. ... PROMOTION all business wants to promote their business and this includes Dixon Group. ... For example Dixon Group has threats, as it is a competitive business from other Companies such as Comet, Game, Computer Exchange and Carphone warehouse. ... How all the functions work together to meet the aims of the Objectives All the functions have similar aims and if they meet those aims they can get closer to meet the overall aims and objectives of Dixon Group. It is important for all the functions to work efficiently and together. If all the different functions communicate on a regular basis they can share information and also work together to reach overall aims and objectives. It is important for all these functions to work together as to meet the aims and objectives. For example when recruiting staff it is important for the entire different department to work together. ... Another example how all the functions would work together would be that the financial director could give the production department a budget to produce goods, the marketing department could promote the goods and the administrator department would keep paper work and schedule meeting with the different departments. Business Management Styles and Cultures Management All businesses have management styles and cultures but differ from other businesses. ... Employees sometimes respond to an autocratic management style, for example if a business is successful and offers a high level of job security. ... When the leader is not there they might relax, autocratic style could also discourage team work and social contact because there are little reasons for employees to communicate and the complete lack of consultation can produce a de-motivated workforce because they have to follow orders.