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For my report I will be looking at two businesses, a small business and a large business. My large business is called Asda and my small business is called Snippers.

Extracts from this document...

Introduction

Introduction For my report I will be looking at two businesses, a small business and a large business. My large business is called Asda and my small business is called Snippers. For these two businesses I will be exploring on its entire business organisation and functional areas, example, their personnel department and their administration department. I'll be finding out the businesses aims and objectives, strengths and weaknesses and their internal and external factors, along with their business activities, ownership, location and their advantages and disadvantages. I will also be describing what each term means, example; I will be defining what each functional area does, or what the public and private sector do. Main Business Activities Asda, which is my large business mainly provides goods, and supplies services. Asda provides services such as; customer services, customer assistance, financial services such as; car insurance, home insurance, and travel insurance. They sell a whole range of foods and drinks, retail, toys, school essentials, hair accessories, cutlery and a lot of other goods. The products that they produce are foods such as: bread, French bread, croissants, donuts, muffins, cookies and more bakery types. Asda also have a pharmacy. The sector of the economy they (Asda) operate in is the Tertiary sector. Businesses in the tertiary sector provide services; sell goods to the public and other businesses. Below is a flow chart of all the sectors, showing what happens in each one: Snippers which is my small business, provides and supplies goods for your Hair. The service that Snippers provides is: cutting, washing, dying, and styling peoples hair. They also sell goods such as; shampoo, conditioner, hair dye and hair accessories and electronics, i.e., hair dryers, hair straighteners. They do not produce their own products. The sector of the economy that they operate in is also the tertiary sector. Snippers and Asda both share the same tertiary sector because they both provide services and sell goods. ...read more.

Middle

On the other hand, administration can assume to be too big a role and the business can become intrusive with too many unnecessary procedures. For controlling and monitoring work to be done properly, the aspect of administration requires a high level of supervision and well - motivated staff. Production Transport Sales Administration System Catering/Security Personnel Finance Maintenance * Research and development (R&D) The purpose of R&D is to enable an organisation to complete successfully and achieve a permanently sustainable competitive market edge over its competitor's edge over its competitors by becoming more efficient or profitable and giving customer's added value. To achieve these activities, the R&D section could include: * Developing new products, materials and processes * Creating new services * Changing or producing existing products * Finding new uses for the products * Testing products for strength, quality, safety, etc] * Collecting, analysing date from worldwide research which could be of help to the business. All R&D investment involves in taking risks. There is no guarantee of commercial success and the majority of R&D expenditure ends in failure, however, as with any high risk activity. This is a big disadvantage for a business. These are examples of risks involves in R&D: * Over 90% of ideas fail * Other Businesses can copy ideas * Even when UK businesses have discovered new ideas, they are not always successful in using them to produce new products and services. However R&D can range from very simple designs changes, which require little new investment and a carry a low risk. There are many reasons why businesses have R&D departments: * They offer better designs and more advanced products (especially technology products) * Be in a better position then there competitors * Develop and improve existing products, for example Microsoft software packages are regularly up dated. * Find new ways in producing current products cheaply, which may result in high profit its * R&D may result in profit making new products * Production and Operations department The Operations department is responsible for organisations and obtain resources for the business to function effectively. ...read more.

Conclusion

The aims for managing the economy are to: * Promote steady and sustainable economic growth in order to make people better off; * Control inflation and keep prices stable - this is necessary for economic growth; * Reduce employment - this is a social and an economic aim; * Achieve a positive balance of payments - this will enable the country to pay for the goods that it imports from abroad; * Maintain a stable exchange rate - this will help UK businesses to trade with other countries In order to understand what is happening in the economy, the government and businesses use 'economic indicators'. These are taken from official figures published by the Office for National Statistics (ONS). Economic activities can be found from the high streets to your home. Economic activity is geared towards providing goods and services that people need and want and are prepared to pay for. The UK economy can be known as one of the large markets where goods and services are exchanged between business and households and businesses and other businesses. The voluntary, private, and public sectors are all a part of the economy, as the economy can be divided into three. Voluntary Private Public Personal Corporate Financial Local and central government The UK today has a mixed economy. There is both private and public ownership of resources and decisions about what, how much, for whom and where to produce are split between the government (the public sector) and privately run businesses (the private sector). In a mixed economy the government also sets targets for the economy as a whole, such as targets on inflation, on economic growth and on the amount of money in circulation. The government will get involved in markets in an attempt to meet these targets. These targets send out signals to businesses and affect the way in which a business will operate. Asda and Snippers' are both involved with the economy, as they are both businesses set up either in the private or the public sector part of the economy. ?? ?? ?? ?? Amber Akhter Page 2 Page 1 ...read more.

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