Eastern foods assigment Essay

1. Define the terms finance and financial management, and identify the major sub-areas of finance. Finance is the way in which money is used and handled; especially, the way in which large amounts of money are used and handled by governments and companies (Merriam-Webster, 2014). Financial Management is the planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization (Businessdictionary, 2014). The major sub-areas of finance are: investments—involves methods and techniques for making decisions about what kinds of securities to own; financial management—deals with a firm’s decisions in acquiring and using the cash that is received from investors or from

Financial Management is an important aspect of how a business operates efficiently. The way that the finances are controlled can determine how successful the company is. The finances of a business allows for the growth of the company. The five practices of financial management: capital structure decision, investment appraisal techniques, dividend policy, working capital management and financial performance assessment are critical when assessing a company. The performance of a company plays a key role on how successful the company is on meeting goals. There are different strategies and tools that a company can implement and if they are used to effectively the company can meet their goals. If a company has good finances, a good

As we know from previous chapters management is a vital part of any organization because it is the process of successfully getting tasks

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds for an organization. It means applying general management principles to financial resources of the enterprise or organization. The scope of financial management can cut across a wide range of the organizations departments and can involve investment decisions including investment in fixed assets. Investment in current assets is also a part of investment decisions called working capital decisions. Financial management also involves making financial decisions. These relate to the raising of finance from various resources which will depend upon decision on type of

Even though financial management "is a broader concept than accounting", the idea of financial management is more than just accounting for where money is spent, it is based on the analyzation of organization's economic

Human resource management demonstrated over time to be more than just the paperwork side of an organization, but a difficult position that needed a specific set of skills to provide success for both the organization and its employees. One of the most important roles and first task of the human resource department is handling the recruitment of employees. An organization will not be able to function without employees, but it is key for the HR department to find the person with the particular

Financial Management is a critical aspect of any business in order to achieve a sustainable and efficient cash flow. It is essential in maintaining the link between a business’s future financial goals (profit maximization) and the resources that it has in order to achieve its objectives. Businesses demand certain common goals that increase a bussiness's all around achievement, Some of which involve; growth amongst assests, An increase in efficiency in all areas of the business whether it be management or not. And the ability to meet short term and long term debts. Finacial management undertakes the responsibility to implement and acheive these goals for the business using a range of strategies shaped to meet the needs of the business and

You all know that what people imagine in their head of a typical American is a overweight, lazy, couch potato who sits on the couch eating potato chips. But why is this. I'm about to show you good goods to eat and their benefits. First I'm going to show you some good food choices and there benefits. Then I'm going to show you the food choices of several different places in the USA, and the places they come from.

Americans have the worst diet in the world and other countries know this fact. The American diet is responsible for skyrocketing obesity rates and contributing to the development of diseases. Our food pyramid just changed its look, we now use a round plate, this is called choose my plate. The new looks has helped Americans understand how much to eat food group needs to be on the plate. Half of the plate is for fruits and vegetables, 1/4 contains grains and other 1/4 is for proteins. Outside the plate, there is a place for dairy products. As Americans, we have different ethnic foods to choose from daily. Choosing what to eat has become a more complex with so many options. There are different benefits as long as Americans follow the food pyramid.

The food Americans will acquire today appears cheap and easy but, society does not comprehend where our food comes from exactly and the treatment of the food. Moreover, food during the depression was scarce and now, Americans lavous in food choices at every corner thus the American trademark of this century. Therefore, families of four approximately eat different meals per person and food in stores resides indefinitely. With choices at such a luxury, society forgot where our food comes from. Food consist of more than the happy cow on milk and cheese, food resides not on a farm, but in a crowded, dirty, disease ridden, building waiting to be slaughtered. Consequently the food Americans receive spreads more incurable and unheard of diseases because the government does not tell society the treatment of our food.

- The management of human resources: the creation of a structure for people in business, which includes recruitment, training, retention and compensation staffs

Eastern Foods has a lot of restaurants and fast food outlets in some countries, and as for its expansion, the company is mapping out to build its outlets in the United Kingdom. Building work is planned to be finished by first of July, so directory boards have given the task to start up business development planning procedure from first of May. The board has also required that all major issues in terms of HRM, Accounting, Marketing, and Operations Management should be found and addressed accordingly.

Maintaining a healthy diet while travelling is not the world’s easiest thing to do. Not only is your access to food restricted by what is available around you, but also the temptations to snack and eat junk food are enhanced when you hit the road. The good news is that eating and drinking healthily isn’t impossible – you just need to keep these tips and tricks in mind the next time you hit the road.

“Management is the planning, organizing, leading, and controlling of mankind and other resources to achieve organizational goals efficiently and effectively (University, p 4 2011)”. The greatest achievement of an organization is to provide goods and services that customer’s value. The managerial department of an organization has the power to determine the performance of the employee’s, which directly affects the quality of the service or product that is being supplied to the customer. “Managerial tasks are essential for effective management, which involves planning, organizing, leading, and controlling (University, p 6 2011)”. Planning is the process of identifying the suitable goals of an organization and how they will be implemented in the company. Organizing is the procedure that determines the departments of an organization. When departments have been established the next step is to decide who will work best at a particular job. The development of organization inside a business will form the organizational structure for the company. “Leading is the ability to inspire and organize individuals to work as a team to complete the goals of the business in an efficient and effective manner (University, p 9 2011)”. Controlling is being able to assess the procedures of a company and eliminate or change any strategy plans that are not showing high- performance levels. Controlling may consist of monitoring

Personnel management is care full delineation of written contract the contract is not changeable and can’t make any modification the employees strictly agree the employment contract the human resource management is aim to go beyond written contract go by the spirit of the contract there is flexible working hours created for employees. They encroach employees to ingress their skills and knowledge. Personnel management focuses in administrative and record keeping and operational function. Human resource management focuses in development and implementations of people strategies, intergraded with corporate strategies censuring the culture, values, quality and structure of the organization. If we focus in speed of decision making that the personnel management is slow on their function but the human resource management is fast in their decision making.Peronnel management includes functional activities. Human resource management includes all the activities, motivation, and communication, job analysis training and ext.…. personnel management is efficiently managing personnel activities of individual department but human resource management is strategic in nature, concerned with directly assisting an organization to gain sustained competitive