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The two company's I have chosen to anaylise are Foot locker Sony.

Extracts from this document...

Introduction

The two company's I have chosen to anaylise are * Foot locker * Sony Both of company's are private sector businesses. This means that it is made of businesses that are owned by individuals or groups of individuals. It is possible for businesses in the private sector to be owned by other bu Sony is well known as one of the very best known business's in the world. They sell electronic goods like C.D Players ,Televisions ,computers and game consloes.They are a secoundary sector business because they normally sell there products to franchiser's. secoundary sector means businesses involved in manufacturing and construction, it often use's products from the primary sector.Primary sector is natural resources.For example wool, card etc. Foot locker are a very big business in america because they are the best sports retailer there.They sell sport clothes and trainers. Therea franchise as they sell other peoples goods. They are a tertiary sector business.Tertiary business is also called a service sector. It includes banking, insurance and finance. There are many advantages to a franchise they are: * It is easier to get a loan as a franchiser than a sole proprietor * You get help on your business from the franchisee * You earn most of the profit made * You are most likely to succed when as a franchiser than a sole propreitor. * You mosly likely to earn more profit than a sole propreitor The dis-advantages for a franchise are: * Unlike a sole propritor you will not receive 100% of the profit you make. ...read more.

Middle

- Training developing and promoting - Health and safety - Trade unions Working conditions: are set when the employees are interviewed. Sony's working condition relates to how the employees get paid when and which day they would get paid, sick pays, with the holiday entitlement plus if any employee wants to leave they need to tell them before hand so the company can get a recover. The working conditions also relate to: - Training needs - Hours of work - The warmth and cleanliness of the work place Recruitment, Retention and Dismissal: Sony likes to recruit more of its staff that is experienced from other businesses such as their competitors. Sony looks why an employee leave's it work and for what reason if it is their fault they try and improve it so other people may not leave. Dismissing staff in Sony is rare cause everyone knows that if they do a mistake they will not be able to work and especially when they are at a good pay. Training developing and promoting: this is another main function of human resource that uses a number of techniques to provide workers with the skills needed: - Training workers at the workplace or the training centers. - Promoting employees to more senior positions - Plan the jobs for the employees so they can enjoy the new experience and develop new skills. ...read more.

Conclusion

- External influences Introduction What are external influences? - External influences are factors outside the control of a business that affect its ability to achieve its objectives. Examples include the actions of competitor firms and changes in interest rates There are five main external influences within a business, which I will include for both of my businesses. The five external influences are: - Making products competitive - Local, national and international competitors - Changes in the economy - Management of the economy - Controlling pollution Making products competitive is when a business is competing another business for example: - A company will make sure that its products are price competitive, making the products available to as many customers as possible Local, national and international competitors are how a business is competing with another business. Local competitors are usually competing within a few kilometers, national competitors are businesses for the same customers and international competitors are businesses competing internationally. Changes in the economy are the change between the interest rates, the rate at which prices are rising or the value of the pound can give significant effect on the business. Management of the economy is how the government has used Fiscal policy and monetary policy with it they have three main aims, which are: - Price stability - Steady and sustained growth in the economy - A low rate of unemployment Controlling pollution: all businesses can pollute the environment in a number of ways such as air pollution, water pollution, noise pollution and wasteful use of resources that's why all businesses have laws against these pollutions. 12 ...read more.

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