BUSS3 REVISION SHEETS

workforce planning and investment appraisal

HideShow resource information
  • Created by: msldn93
  • Created on: 07-12-10 18:10
Preview of BUSS3 REVISION SHEETS

First 118 words of the document:

ASSESING INTERNAL AND
EXTERNAL INFLUENCES
ON WORKFORCE PLANS
INTERNAL:
The org strategic plan including its corporate
objectives.
The org marketing and production plans, inc its
marketing and production obj. (technology may require workers
to have certain skills. Employees that speak another language may
be needed to go abroad if org expands. Skills and job levels need
matching)
The financial position of the organisation.
The internal labour supply. (promotional opportunities and training
and development)
EXTERNAL:
Market conditions. (demand for product)
The labour market and demographic trends.
The state of the economy and government policy.
Legislation (health and safety policies)

Other pages in this set

Page 2

Preview of page 2

Here's a taster:

Local factors (unemployment rates)
ISSUES WITH IMPLEMENTING WORKFORCE PLANS
Employee/employer relations (communication with employees)
Corporate image (enhance image of org if it is a good one)
Cost (finance has to be sufficient)
Training
THE VALUE OF USING WORKFORCE PLANS
Helps org meet its obj with appropriate and sufficient workers.
Avoids labour shortfalls to ensure production continues.
Allows organisations to compete effectively in market.
Lack of motivation for covering labour shortage for workers.…read more

Page 3

Preview of page 3

Here's a taster:

UNIT3 CHAPTER 18 COMPETITIVE ORGANISATIONAL STRUCTURE…read more

Page 4

Preview of page 4

Here's a taster:

UNIT3 CHAPTER 18 COMPETITIVE ORGANISATIONAL STRUCTURE part 2…read more

Page 5

Preview of page 5

Here's a taster:

UNIT3 CHAPTER 6 MAKING INVESTEMENT DECISIONS
Reasons why businesses invest
1. To replace or renew an obsolete or depreciated asset
2. To meet increased demand for the firms product
How investment can help businesses to reach functional objectives
e.g. Marketing: increase market share by 4 % opening new outlets or factories
(examining)
Finance: cut costs by 4 % investment appraisal to find the most cost effective way
of reducing costs without lowering revenue.…read more

Page 6

Preview of page 6

Here's a taster:

Assessing Payback
It provides the time that the payback will pay for itself. If it exceeds the loan that is funding the
investment then it is not worthwhile.
It does not consider all the inflows.
It is based on the short term of the investment and not long term.
It assumes that the returns are spread out across the 8.07months for example.
ARR Average Rate Of Return
Total Net Return/ No.of Yrs. X 100
Initial Cost
It is compared with interest for the investment.…read more

Page 7

Preview of page 7

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all resources »