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I will be comparing the difference between types of ownership and the industrial sector it operates in. I will also look at different activities taking part for a business including daily activity, stakeholders and how location is chosen.

Extracts from this document...

Introduction

INTRODUCTION I this assessment I will be comparing the difference between types of ownership and the industrial sector it operates in. I will also look at different activities taking part for a business including daily activity, stakeholders and how location is chosen. I have selected two different businesses to accomplish this portfolio set questions and conclude with my own perception to 'How Business Develops'. I have compiled information from variety of sources and publications on how business develops. I've researched in the library, used the college Internet and gained information from my teacher. The areas I will be analysing are: 1. Business theory- a description of types of ownership 2. Industrial sectors and trends 3. Description of business attitudes 4. Location 5. Stakeholder 6. influences on business PRIVATE LIMITED COMPANY The private limited company more commonly recognised as Ltd would need a minimum of 2 owners to start and have up to maximum members. The share invested can only be transferred by agreement from existing shareholders. The private and public companies abide by Memorandum of Association Company rulebook that consists of: * The name & address of the registered office * Company activities * Type and amount of capital which has been invested to set up the company The companies also have an Article of Association, which gives you an insight into working of a company. This includes: * The procedure that have to be followed at the Annual General Meeting (known as an AGM) * Duties of the direction of the company and voting rights of the shareholders * How profits and losses are distributed among shareholders & how company officers will be appointed * Accounts will be kept and recorded * Rules and procedures for issuing shares and for transferring shares to other people When these tow procedures have been drawn up it produces a birth certificate for the company. A privet limited company would be recognised by the word limited after the Ltd written after the business name. ...read more.

Middle

Participation in activities would unable a monopoly for the company as people would recognise the good deeds the Co-op has done and there is a good chance of the public visiting there stores. So these activities would be common but it wouldn't be tackled on a daily or weekly basis but would be done depending on what cause it is for. ENVIROMENTAL MANAGEMENT As charities and fundraisers are a good way to boost company figures and name environmental issues have the same effects if tackled right. But this is not necessarily true as it may enhance image in short term but it may also increase profits long term so its important to be involved in this as it would have short and long term affects. In this section I will analyse the key factors to why location managers choose to locate their business in a particular area. I have broken the location facts into different sub-headings, as this would give a better insight to why location is chosen. BMW For BMW I've chosen to look at a Leicester showroom, as it would help demonstrate and assess the reasons why BMW have situated them in that area. INFRASTRUCTURE As from observing the map it shows the showroom is located near busy motorway links reaching from Nottingham to south London. The area situated has much car drivers who will be consistently driving up and down the motorway and may spot the showroom. So the situated area is directly to the customers that it is trying to attract and by visiting the located area personally it is evident that the showroom is very big and can be seen for quite some distance. The location is easy accessible for customers who may want to visit the showroom and also being near the city centre it would not be very hard to find. It also allocated on the main road so passers-by would be able to see the showroom and cars on display. ...read more.

Conclusion

While Co-op consumers would want their food products to be of good hygiene and the prices to be affordable. The customer's views would vary because of the type of products and services they both offer. Customers of the Co-op would care more about the daily activity and how the Co-op keeps to reasonable prices, as the main objective is to serve the local communities. On the other hand the views differ even more as BMW customers would care more about the long-time commitment from the business as vehicles is not something u eat so their would be more depth of a view on after-sales services. The shareholders of the BMW would have great interests on how much vehicles are sold throughout the UK. They would also care on how well the business is doing in each area and what is going to be done to make it profitable which leads to increased expenditure of customers. The shareholders might have a big stake in their local BMW showroom, so they might have many ideas and views they would want to put forward these contrasts from the Co-op, as they have no shareholders. The reason they differ is because of the ownership. A PLC company allows the shareholders to have a less great say than with Co-op, as the business is co-operative and run by its members that have no shareholders. The members of the Co-op would have equal say to anyone else involved inside the business. The suppliers for both companies would share the same interests in the sense they would want regular goods ordered from both businesses. The BMW suppliers would bring BMW products from their own manufacturing firms. This is different from the Co-op suppliers, as the business would buy a variety of products from different companies. So suppliers would still want both businesses to order goods regularly but differ according to the company. But Co-op do tend to sell their own branded products so there is not much liability so the different brand suppliers and contrasts with BMW showroom. ...read more.

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