• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Chairman's Report for Sainsbury's

Extracts from this document...

Introduction

Portfolio: Chairman's Report - Sainsbury's Supermarket 1. Chairman's Report Overview Page 3 2. Legal Influences Page 4 3. Legislation Page 4 I am pleased to announce that Sainsbury's and completed another successful financial year, we end it with great prospects and having learnt a lot we can continue to put into practice our marketing strategies and maintain improving the business. Ensuring we maintain a positive outlook towards the future, we can keep a consistency in sustaining healthy profit margins with a lot of potential and room to excel. We welcomed John David Tranfield to the Board in January. John has a wide business background with particular recent experience focusing on consumers and health. He is a great addition to the Board. Andy Green stepped down as a Non-Executive Director in February after two three-year terms. I would like to thank him for his hard work and excellent contribution to the board during a period of significant change for the company. Our strong performance was delivered despite potential takeover speculation in the last quarter of the year. The Board received a number of proposals from private equity groups all of which were subject to a number of pre-conditions. The Groups concluded they could not be satisfied and decided to withdraw. The Board did not receive a formal bid approach capable of being put to shareholders. ...read more.

Middle

basically translates into jargon which means that a business like Sainsbury's has to be very careful and considerate when producing products and services, ensuring all costs are paid for whilst using safe, well made products to end up with a safe sturdy product. However whilst doing all of this, they must also ensure all employees are paid for, and being treated fairly in satisfactory conditions. Trading Stamp Schemes: "On 6th April 2005 the Trading Stamps Act 1964 was repealed by the Regulatory Reform (Trading Stamps) Order 2005. While there is no longer any legislation directly targeting trading stamp schemes, such schemes will continue to be governed by consumer legislation generally" - Releasing Sainsbury's from extra hassle and obligation in this field. Sunday and Christmas Day Shopping: "The Sunday Trading Act 1994 and the Christmas Day (Trading) Act 2004 regulate opening hours of large shops on Sundays and Christmas Day. The Sunday Trading Act also prohibits large shops from opening on Easter Sunday" This rule will apply to Sainsbury's as they are a large store with many of them, therefore they can only open for 6 hours on any Sunday allowing only 6 hours buying time for customers. Other stores will also have this rule e.g. Tesco's, Asda and Woolworths etc... Unsolicited Items: "Under the Unsolicited Goods and Services Act 1971, (as amended) it is an offence to demand payment for goods known to be unsolicited, in other words, they were sent to a person without any prior request made by them or on their behalf. ...read more.

Conclusion

Economic factors - relate to changes in the wider economy. A growing economy provides greater opportunities for businesses to make profits, so businesses welcome rising living standards. Political factors - relate to ways in which changes in government and government policy can influence business. Technological factors - provide opportunities for businesses to adopt new breakthroughs, innovations, and inventions to cut costs and develop new products. A business producing confectionery like Cadbury Schweppes examines SLEPT factors in designing new products. For example, social factors that it needs to be aware of include changing patterns of eating. Today many consumers like to eat 'on the go' so bite sized chocolate treats are in great demand to top up consumers energy supplies. Legal factors to be kept an eye on include European Union regulations about the content of products that can be advertised as chocolate. Economic factors relate to changes in living standards and how these affect consumptions patterns. Technological change is particularly important today, for example, the development of new technologies that have enabled variations on chocolate bars to be produced in an ice cream format. Political changes are closely tied up with economic ones and relate to changing governmental influence. For example, a change from a Labour to a Conservative government would affect taxation policies which would impact on the cost of chocolate production. Environmental scanning - is the process whereby businesses examine the external environment to identify key structural changes in the world around them which affect demand and supply conditions for their products. ?? ?? ?? ?? - 1 - ...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 Case Studies and Analysis 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 Case Studies and Analysis essays

  1. Marked by a teacher

    Aims of tesco

    5 star(s)

    Tesco Ireland say that they 'compete aggressively on prices' but always try to be the cheapest if at all possible as they want to offer the customer the cheapest product every day with no compromise on quality. When Tesco talk about delivering unbeatable value they also understand the need for their staff and their support.

  2. The Impact of Migration on the Reduction of Poverty

    households should hail from the rural areas as in this survey the Mexican Census Office has reckoned that 80% of the households hail from rural areas. The country was divided into five regions, viz, Center, South-South East, West-Center, Northwest and Northeast.

  1. Unit 9: Marketing Strategy

    area outside of Sutton itself as these people do not make regular trips into the small town. The only exception for this would be if a prospective customer works in Sutton but does not live in the town, the bakery could then be used to buy lunch or luxury treats.

  2. NHS change management

    of the water and it is visible for everyone such as goals, strategies, products and services and second the informal part of the organization which is under the water and invisible such as values, beliefs, organizational culture and norms. "A psychological contract represents the mutual beliefs, perceptions, and informal obligations between an employer and an employee.

  1. PEST is a planning tool which is used by a business to evaluate and ...

    Meat has to be kept refrigerated even if it has been cooked; this is because refrigerating meat slows the growth of bacteria. The temperature of the fridges will need to be set at 40�F or colder to keep meat safe for the maximum amount of hours.

  2. The main purpose of this research is to know and analyze whether the Olympic ...

    give the general observations as well as the findings in the research process. The main aim of this research is to know whether the London city is going to be benefited by London 2012 Olympic Games or not. In this research process the different types of the case studies are

  1. RELATIONSHIP MARKETING - factors affecting customer satisfaction

    Becoming receptive to new ways of doing business that overcome barriers to delivering quality service. Gap 3 is addressed by ensuring that service performance meets standards through: 1. clarifying employee roles 2. ensuring that all employees understand the importance of their jobs 3.

  2. Assignment 1 - Understand the legal requirements for a valid contract

    Meanwhile on the 8th Lindsell had sold the wool to someone else. It was held that the contract came into being on the 5th when the letter of acceptance was sent even if it didn?t reach Lindsell. The postal rule states that any letter of acceptance activets the contract even if it doesn?t reach its intended destination.

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