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AS and A Level: Structures, Objectives & External Influences
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- Marked by Teachers essays 9
- Peer Reviewed essays 1
Thus it is more crucial than ever for a business to ensure its best cash flow during a recession. Rickmers said it is only giving out about 14 per cent of its distributable cash flow because it is continuing its cash conservation efforts amid unresolved financing issues. Its charter revenue rose 29 per cent to US $38 million in the quarter. The constraints of this strategy are plentiful. If the business must take tight control of its cash flow then it will be rigid and less able to respond to sudden one-off increases in demand, and so miss possible greater profit (the opportunity cost).
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With manufacturing plant in Warrensburg, Missouri, SMC owned an annual capacity of 10,000 riding mower units on a single 40-hour-per-week shift with distribution mainly in non-metropolitan areas. About 75% of sales of SMC were made in non-metropolitan areas. SMC sold 30% through wholesalers, 25% through direct-to-dealer, 40% as private-label, and the rest 5% as exports. It sold the Ride King through wholesalers, who located throughout the country, focusing on farm dealers situated in the south central and southeastern US. SMC remained a profitable company since its founding with a net profit return on sales of 10 percent or more annually.
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Describe how political, legal and social factors are impacting upon the business activities of Tescos in the UK and China.4 star(s)
Spending on infrastructure is another political factor that can affect a business. The government uses money they receive from taxes to improve the road, rail and communication infrastructure. The government has improved the roads service enabling Tesco to locate in various areas and have their products distributed with ease. With Tesco having the ability to locate anywhere and still being able to supply an extensive range of products, this could increase the business Tesco attracts. By enhancing the skills of population the government has established and education framework in order to ensure that the population is well trained and the country has the ability to compete internationally.
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I am going to write about the different stakeholders who influence the purpose of the two contrasting businesses, Cadburys and the Association of Organics Recycling .4 star(s)
The more products that they buy the higher Cadburys profits and sales will become. The sales revenue will be increased therefore the aims and objectives of Cadburys will be met. * Shareholders - They have part ownership of the business and they influence the purpose of Cadbury because they are giving capital into the business from buying shares on the stock exchange. By doing this they help out financially and therefore Cadbury can operate more smoothly, giving a better service.
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"Continue to invest in and grow our core UK retail business, by introducing new goods and services" Marks and Spencer are currently providing their customers with food and clothing service. Marks and Spencer are aiming to continue investing in and grow with providing service to their retail businesses. Marks and Spencer update their products they do this by introducing new good and services. They have currently succeeded in introducing new products like clothes wear for all ages and gender. By doing this will help them to meet their long term objective of growing and investing within UK retails.
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This would lead to share prices raising therefore, the link between customers and shareholders, in that good relations with one, leads to good relations with the other. There is evidence of this link on the Sainsbury website, which shows that when money was spend reducing prices, share prices fell, but as more customers were attracted, due to the lower prices, the share price increased due to a larger market share, which lead to increased profits. This is where Sainsbury have to decide, which stakeholder to satisfy or try to satisfy both, since they can retain profit for development or pay it out as dividends.
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As well as a PLC and Partnership, there are also other types of businesses. There are: * Franchises * Private Limited Companies * Co Operatives * Sole Traders Franchise A Franchise is a business, but it doesn't involve the normal risks of starting of as a sole trader. To sum a franchise up, it is a little business that gradually expands. It's like a growing child. It starts of as a baby (the start of the business) and grows into a man (the end of the business growing). Typical examples of a franchise are, The Body Shop, BSM and Kentucky Fried Chicken.
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Discuss the impact of recent changes in the UK economic environment on UK retailers and manufacturers3 star(s)
However BMW are concerned about the wider economy, for example, the large fall in the US exchange rate because this makes exports from Germany more expensive and the US is a major market for premium cars. Also the car industry is dependent on raw goods, steel and other components which are affected by worldwide prices and exchange rates. These markets can fluctuate overnight so manufacturers of raw goods can be most affected. The recent credit crunch and the problems within the banking industry generally will have had a huge impact on all sectors but, particularly retail.
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and . Unlimited liability is where if a business goes bankrupt the money invested by the sole trader or by the partners is lost and to recover the debts owed their personal assets (their personal money and buildings like houses owned) would also be lost. The shareholders make their money by selling their shares back to the company for a higher price than they bought it for, and earning dividends. The company makes its money from the shareholders investing their money 'in the first place.'
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easyJet favours an informal company culture with a very flat management structure, which it believes eliminates unnecessary and wasteful layers of management. easyJet has a casual dress policy for all office based employees and bans ties with the exception of pilots. The airline is based at Hangar 89, a bright orange building adjacent to the main taxiway at Luton Airport. In an industry where corporate HQs are generally considered to be the ultimate status symbol, it underlines the low cost approach of easyJet.
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The Business Environment Coursework. Describe the type of business, purpose and ownership of 2 contrasting types of businesses.
The amount of profit received depends on the amount of shares held. Decisions usually need to be agreed with by all shareholders. It can be hard to keep all shareholders happy. Shares are usually held by other people running the business and friends or family, it is usually easier to keep shareholders in a smaller private limited company then a public limited company. Public Limited Company A public limited company is owned by the shareholders and run by a board of directors and they nominate a managing director who over see's the business.
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Astute entrepreneurs often demonstrate an almost intuitive understanding of the synergies that create success. The skills of company owners, together with relationships maintained with customers, suppliers and other business people, are always vital if companies are to be run well and developed with a view to the future. Companies improve their resources by developing materials and ideas.
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They could also only source these materials from local areas in which they work to reduce the amount of miles the materials will need to be transported. Some company's source material overseas, which means that by the time they get to their destination, the business has wasted hundreds of liters of fuel just to get it to the construction site. By employing this tactic, Motts would be stopping the waste of a lot of fuel, which would have resulted in a lot of harmful gases going into the atmosphere.
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The larger the supplier is the bigger discount they could give for bulk buying. Local suppliers may not be able to afford such discounts which are why it could cost the owner more money to buy the materials. The other suggestion towards this issue such as having recycling bins and giving out rewards for recycling could also incur large costs. Mott Macdonald is a huge multinational business with many offices across the world. Ensuring that all these offices have recycling bins could also cost more money.
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An organisational chart also represents lines of authority and responsibility. Generally, an organisational chart is a horizontal or vertical tree that contains geometric shapes to represent staff or divisions. The purpose of the organisational chart is to demonstrate to the members of staff the distribution of power within the company, showing them their contractual position, who's their boss and who's their subordinates. The chart will show the domain of every employee. Employees require it so they know who to go to should conflicts arise or major problems and employers require it to view their organisation and to meet progress and workforce management objectives.
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Dow chemicals Business Report. I am writing this report on behalf of Dow chemicals to improve compliance with the two identified global compact principles out of the 10 principles
As the leader in reverse osmosis solutions for desalinating sea water, Dow's Water Solutions business commits to reducing the cost of desalination and water reuse by 35 percent between 2005 and 2015.(GRI 2010 report). Dow Chemical can be praised for their effort in protecting people and environment around the global for the past fifth teen years. In their annual report, Dow affirmed and declared that the core value that everyone at Dow will hold is protecting our people and our planet (The Dow Chemical Company 2010).
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Macro Environmental forces that affect the survival and growth of our child education centre in Singapore
And with babies this would mean that there will be demand for an educational centre. Furthermore, with the Singapore government implementing new policies (e.g. baby bonus schemes) in order to encourage newly weds to produce more babies, this would definitely help our business as there will always be a demand for such educational centre. 2.1.2 Income level Base on our research, the income level of Singaporeans have been increasing over the past few years. Our group has actually found a document on the internet which shows the average household income from work per household member, and from that document we can see that there is a significant increase from the earnings in 2005 to 2007.
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Also due to the amount of interest that the environment has bought Tesco have to ensure they stay up to date with the latest green ways as they must keep their stakeholders happy such as: > Customers who want to know what they are buying is not effecting the environment and that they are instead helping it. > Pressure Groups as they are groups which work to keep the environment clean and can easily give Tesco bad publicity which will take away customers.
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The SWOT analysis is a tool used to help an organizations strategic planning process and It is also a useful tool in developing and confirming your goals and marketing strategy.
and weaknesses (W), and its external opportunities (O) and threats (T). First of all, you take a look at the organization's internal strengths. Strengths describe the positive attributes, tangible and intangible, internal to your organization. They are within your control. Besides the internal perspective, you also have to consider the point of view of your customers and all the other people in the same market like suppliers and competitors. In other words, what is your unique selling point (USP)? For example, if all of your competitors provide high quality products, then a high quality production process is not a USP in your organization's market; then it is just a necessity.
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Upon completion of watching the documentary The Corporation, I found it to be very educational and informative. It has raised a lot of elements which has to do with my Corporate Social Responsibility subject.
These are just the jist of the many pointers shown in the documentary. I have decided to write a reflective report on the documentary by dividing them into three (3) sections such as the following. Firstly, one of the main focus points that caught my attention was the 'environment'. As we all know, the environment has been the very surrounding we live in. Keeping a clean environment will only ensure the level of cleanliness that we live in. The air we breathe, the water we drink, the gentle aroma and every surrounding nature around is decided by how well we maintain the environment.
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Boom and Bust and Ryanair. Compare the challenges to selected business activities within a selected organisation, in two different economic environments.
This will create more jobs locally. Ryanair will also need to invest in more aircrafts and equipment. This will help support the manufacturing industry. By expanding the business, Ryanair can provide more flights. They can meet consumers demand and also attract more customers with their flight offers. This will increase their business revenue because they will sell more flights. Ryanair's reputation will get better because they will be happy with the service and tell other people about it. Ryanair will have to spend more money on keeping the plane running including fuel, wages and staff training. This money will help Ryanair to increase business and therefore increase profit.
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Usually it's done through magazines, TV, classifieds, search engines, email, newspaper, billboards, etc. This is one of the trickiest areas of marketing as you can waste a lot of money very quickly. Activities under this area include creative development, testing and media buying. 4. Manage client relationships Building and maintaining strong customer relationships is seen as a core function of marketing because selling to a customer who loves you & trusts you is 100 times easier. Activities under this area include: * Conducting customer satisfaction surveys to see whether the business is meeting the customers' needs at satisfactory standards.
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Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. IKEA and a hospital.
IKEA has an aim of becoming profitable business and to provide the best service. IKEA investors are primarily interested in dividends and the growth of their shares. They want good return on investment. IKEA must ensure it keeps this stakeholder happy by being in profit. Employees: A business needs staff or employees to carry out its activities Employees agree to work a certain number of hours in return for a wage or salary. Pay levels vary with skills, qualifications, age, location, types of work and industry and other factors. The employee has a great influence on the skills and expertises are required by it.
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Assess the extent to which business practice is likely to be affected by government policy in response to climate change.
I will show both negative and positive policies that will affect the business relating it to the current situation. The climate change policy started from Kyoto Protocol in 1997 which is an international policies aim to reduce 5% of greenhouse gas emissions from 1990 in developed countries. Aiming to reach the reduction target over the five year period of 2008-2012. Developed countries soon started to create their own policies, in UK the government introduced climate change programme in 2000 which aims to reduce 20% of carbon dioxide emission by 2010. Many instrument and scheme was introduced afterwards, like climate change levy which is a tax on energy aim for businesses to manage their energy usage wisely and also to consider in investing in cleaner technologies.
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Investigate three contrasting businesses and describe their aims and objectives and current forms of ownership
By having this position they have a key objective for a business. Customer centred Some of the business put customer needs and satisfaction first, so their aims are customer centred. The company with aims like this wants to provide high levels of customer satisfaction by having high standard customer service and products in high quality. Objectives Objectives are goals by which, if successful, it will enable the business to have longer term aims. If managers and employees are loyal to the objectives of a company then business is more likely to achieve success in business environment.
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