Business Administration Level 3 - PowerPoint Presentation

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Business Administration Level 3 Business Fundamentals

Understands the application of business principles such as Managing Change, Business Finances and Project Management.

You need to explain why the business needs to make changes and then how these can be completed. For business finances, you will need to explain how finances work in a business environment, and this can include part of the profit and loss section. For the project management side of the assignment, you will need to explain what project management is in your role and then outline a couple of projects you have been involved in.

Knows the fundamentals of business, including finances, managing change and project management

Knows the fundamentals of business, can relate them to their administrative occupation and show how they make an impact

Principles of Financial Processes

Accounting

Recording Transactions

Keeping records of sales receipts or other forms of incomeMonitoring ActivityTo check spending levelsAuditingInternal and external

Payroll

Create Pay statements

Make salary payments and deductions

Processing employee business expenses

Calculating NI contributions

Calculating pension contributions

Knows the fundamentals of business, including finances, managing change and project management

Knows the fundamentals of business, can relate them to their administrative occupation and show how they make an impact

Managing Budgets

Identifying Priorities

Negotiating and agreeing financial resources

Recording income and expenditureMonitoring expenditure against planned activityMaking corrective actions

Knows the fundamentals of business, including finances, managing change and project management

Knows the fundamentals of business, can relate them to their administrative occupation and show how they make an impact

Documentation for financial processes

Income statement [profit and loss]

Balance Sheet

Purchase OrdersDelivery notesInvoicesReceiptsStatement of Account [summarizes transactions between organizations]

Knows the fundamentals of business, including finances, managing change and project management

Knows the fundamentals of business, can relate them to their administrative occupation and show how they make an impact

Principles of Change Management

Types of Change

Step Change

Incremental ChangePlanned ChangeUnplanned Change

Knows the fundamentals of business, including finances, managing change and project management

Knows the fundamentals of business, can relate them to their administrative occupation and show how they make an impact

Requirements for Effective Change Management

Effective Leadership

Organization

JustificationContingency Planning when implementingRegular evaluation and assessmentAdaptation

Knows the fundamentals of business, including finances, managing change and project management

Knows the fundamentals of business, can relate them to their administrative occupation and show how they make an impact

Impact of Effective Change Management

Highlights where change is necessary/beneficial

Provides opportunities for promotion

Impacts on the organization by …Increasing competitivenessCreating more effective/efficient performanceEnsuring compliance Retaining [the right] employees

Knows the fundamentals of business, including finances, managing change and project management

Knows the fundamentals of business, can relate them to their administrative occupation and show how they make an impact

Project Management Principles

Impact on administrative role

Creates clear responsibilities and objectives

Enables effective time managementHelps prioritizationImpact on OrganizationCreates opportunities to adaptEnables successful resolution of risks/problemsDevelops PM Best PracticeOperational Improvements can be made

Knows the fundamentals of business, including finances, managing change and project management

Knows the fundamentals of business, can relate them to their administrative occupation and show how they make an impact

Types of Change [Exercise]

ABC Company

is moving head office. After advertising the imminent move, groups are created to manage different aspects of the move [logistics, finance, flexible work options, employee support] before a general meeting is held to promote the value of the move

ABC Company wants to switch all company vehicles from diesel to electric by 2025. It starts making plans for the switchABC Company’s owner announces he is selling the company to Saudi investorsABC Company looks at adapting current diesel vehicles into electric hybrids whilst also reviewing the lease on existing diesel vehicles with a plan to switch

Knows the fundamentals of business, including finances, managing change and project management

Knows the fundamentals of business, can relate them to their administrative occupation and show how they make an impact

Project Management Task

ABC Company

is moving head office. After advertising the imminent move, groups are created to manage different aspects of the move [logistics, finance, flexible work options, employee support] before a general meeting is held to promote the value of the move

SWOT Analysis and GANTT ChartABC Company wants to switch all company vehicles from diesel to electric by 2025. It starts making plans for the switchABC Company’s owner announces he is selling the company to Saudi investorsABC Company looks at adapting current diesel vehicles into electric hybrids whilst also reviewing the lease on existing diesel vehicles with a plan to switch