• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9
  10. 10
    10
  11. 11
    11
  12. 12
    12
  13. 13
    13
  14. 14
    14
  15. 15
    15
  16. 16
    16
  17. 17
    17
  18. 18
    18
  19. 19
    19
  20. 20
    20
  21. 21
    21
  22. 22
    22
  23. 23
    23
  24. 24
    24
  25. 25
    25

Business Objectives.

Extracts from this document...

Introduction

Objectives Objectives are a vital part of IBC, without the objectives the company would not know what they are aiming for and therefore would not achieve any goals. Here are IBC's main objectives: Objective 1- Make Money This is a very important objective, as without making a profit, they would go into losses meaning they have to shut down. Without profits, there would be no pay rises for the labourers and not enough money to buy new technology for faster, enhanced, and efficient production. Objective 2- Please Customers IBC are there to please customers, because if they please their customers, they customers may pass on the word about the products of IBC to other people, which would mean more customers, or also the same customer could continue buying from IBC creating a customer relationship. However, if the customers were not please they would not want business with them anymore. This means if peoples wants decreased, there would be less demand meaning not enough money made. This would reflect on the running of their business. Objective 3- Job Satisfaction/Security They want to provide people with jobs so the workers can support their family. However, without the workers, the business would not be able to run. A good working environment is always a key part in a business. You may think that owners would not care what the conditions are like but this is a very essential thing for them to be concerned about. This is because not only so that the staff is well motivated; if they are pleased with the other employees they are working with, they will work to a higher standard, if not, they may not take a good interest in their work. Also having other kinds of facilities around the IBC plant would inspire the workers. All these result in more high quality and better production. They also care about the staffs' health etc. ...read more.

Middle

so they'd want to put their skills at work rather than wasting them in a region where it doesn't require much skill and offers fairly low salaries~ Luton ~Luton doesn't have a good INFRASTRUCTURE as its environment is not as high-quality as London~ ~Luton does not have a large population, which sometimes may result in trouble finding employees of the right kind; may not be skilled enough or not suitable for working in a factory environment~ ~It is not a very accessible area although few main routes lead to Luton, compared to London it isn't as easy~ ~There aren't as many dealerships in Luton as there are in London, so IBC would endear costs of transporting goods to dealerships elsewhere~ CONCLUSION: There are lots of advantages and disadvantages for each location. After carefully revising my findings, I have concluded that Luton would be the best location for IBC. It shows that the main factors to consider; Land and Labour, is cheapest in Luton. These factors would have major effects on IBC. In addition, the other points show that London is not a place for factories; it is a commercial area and would be a dangerous area to locate a major factory considering health & safety factors. Where as Luton is an industrial area, where other major factories and businesses are situated. Also, it is not a danger to the locals as the housing area is situated far away from the industrial area. Internal & External Considerations Groups/Individuals that may object: INTERNAL STAKEHOLDERS 1. Owners of IBC- Isuzu & General Motors Would object to a move to Mill Hill as: ~It would be much more expensive~ ~They would lose sales while moving from Luton to London which would result in losses~ ~They may lose their former employees as the employees may find it too far to travel or expensive~ ~It would cost them to keep all the stock while moving~ 2. ...read more.

Conclusion

In the plant where there is a high level of manual tasks, each worker has received highly extensive training to make sure every process is carried out correctly, as ergonomically, and efficiently as possible. The SIP process is used to give direct feedback of every detail from every aspect of the build of the vehicle through the 100's of workstations, this results in superior quality vehicles. At 'quality gates', trained inspectors carry out a thorough inspection using standardised checking procedures. Vehicles that only pass the gate are allowed to proceed to the next unit. At the general assembly, inspectors are empowered to activate a quality 'Andon' System, this allows the management to quickly identify the work zone and concentrate their resources on supporting the team that may have a problem. The 'Poke-Yoke' system also ensures that no defect can go forward to the next station. A feature called 'QCOS' 'Quality Control Operation System', is the key feature of this process. Here is a run down of facts about the plant and its achievement on high-quality production: ~ There are 90 inspectors over three shifts and are responsible for 17 quality gates~ ~ 3200 individual checks on each vehicle~ ~~ 15 inspectors carry out 177 final checks on each vehicle~ IBC need to store the vans once they are manufactured, this takes up space, and this can be very expensive. IBC use the JUST-IN-TIME method, this is where stocks are delivered only when they are needed for production. This ensures stocks are kept at a minimum. However, at IBC, the product is delivered to the point on the production line or to the cell where they are required. If it was not for JIT, then the products quality could be affected while being held, also it would be costly to hold the stock not just delivering the stocks. This could result in poor quality making from the workers, as they will not be worried if they know that large stocks are available because poor work can be thrown away. JIT method minimises stock levels at IBC. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Structures, Objectives & External Influences section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Structures, Objectives & External Influences essays

  1. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    Safety - works will all the departments to make sure they are not imposing risk to themselves or others. This can include making sure the IT department keep equipment and wires out of the way to avoid tripping, maintenance to ensure they have put up signs to warn people of dangers and include training staff on how to stay safe.

  2. Introduction to Business Assignment

    This is why Sainsbury's have to strive to ensure that every division within their company is operating at its optimum at all times. 7.1 For example, Sainsbury's dispatches lorries from their warehouses that are usually 40 footers to assure that the greatest quantities of goods are transported and also helps

  1. I have identified four contrasting businesses they are as follows: KFC John Lewis ...

    > People living in poverty will receive food and income security > All children will achieve their right to a good quality source of education and also adults who are poor will have access to sufficient educational opportunities to help overcome their poverty.

  2. Btec National Business Level 3 Year 1 - Exploring Business Activity

    ( Two of the language tool suppliers have Microsoft windows firmly in their sights for a renewed push into the application development market. ( Since 2002 Oxfam has been holding an annual supplier day. The purpose of this day is to give key suppliers a better understanding of Oxfam GB

  1. Outline key features of legislation and regulation on health and safety as applied to ...

    Polyfarma will find an employee willing to assume the role of a health and safety officer; they are demanded on finding an employee on doing that.

  2. Applied Business Studies Unit 1: Investigating Business

    martin professional UK). The key product area they manufacture I are as follows: * Intelligent lighting * Smoke and fog * Architectural lighting * Security smoke * Speaker (the company no longer makes these as of 2002) The different ranges/brads are as follows (the number in brackets is the number of products in that range): * Moving head (MAC)

  1. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    As consumers are careful on how much they spend during these tough economic times they want a lot of promotions, offers and discounts to save more money, this may mean consumers would want to purchase their most loved products/ luxuries but at the same time be able to afford it.

  2. Comparison of stakeholders interest and influence. Apple vs. Mercedes Benz

    customer service and upselling the cars in the best possibility they can. However, mangers also play an essential role as they take important decisions on certain issues related to customer service, financing and other departments. What?s more, all employees of Mercedes Benz have been working harder and longer hours in the past couple years, as the economic crises have begun.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work