• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9
  10. 10
    10
  11. 11
    11
  12. 12
    12
  13. 13
    13
  14. 14
    14
  15. 15
    15
  16. 16
    16
  17. 17
    17
  18. 18
    18
  19. 19
    19
  20. 20
    20
  21. 21
    21
  22. 22
    22
  23. 23
    23
  24. 24
    24
  25. 25
    25
  26. 26
    26
  27. 27
    27
  28. 28
    28
  29. 29
    29
  30. 30
    30
  31. 31
    31
  32. 32
    32

Vodafone Plc

Extracts from this document...

Introduction

Task one Vodafone Plc Types of ownership All businesses have been divided into private sector and public sector. Under the public sector business organisations are owned and controlled by the Government e.g. Post Office, Bank of England etc. However under the private sector businesses are categorised by the following types of ownership: - Sole traders - Partnerships - Private Limited company - Public Limited company For this assignment, in seeing a real life business organisation at work I shall be looking closely at Vodafone Plc. Vodafone Plc is a large joint venture with the type of ownership, as a public limited company and a joint venture. A Joint venture means that two or more companies have joined together having said this Vodafone Plc is joint venture with Vizzivi. Being a public limited company also means Vodafone's shares are openly traded on the stock exchange therefore people can easily buy and sell shares on the stock exchange. Vodafone's shareholders also have limited liability this means all of its shareholders are liable for the debts of the company only up to their value of shareholding. To become a plc a memorandum of association and statutory declaration must be proved. Once it is approved it will be given a 'Certificate Incorporation'. Advantages of a Public Limited Company: � Members (shareholders) have limited liability for the company's debts � Capitol can be raised more easily � Expansion is made easier, because of the availability of finance � Easier to attract extra shareholders to invest in the business Disadvantages of a Public Limited Company: � It is very expensive to set up a plc due to solicitor and accountant fees. � To much paperwork � Information of the company has to be given out to the general public. It is also costly as it costs over �100 000 to prepare reports. � Some people are only interested in making short term profits rather then long term. ...read more.

Middle

- ------- ------- 7,873 3,360 Operation Cost Continuing operations 980 847 Acquisitions 1 - ------- ------- 981 847 Share of operation profit/(loss) in joint ventures and associated undertaking Continuing operations 104 116 Acquisitions (289) - ------- ------- Total Group operating profit: Group and share of joint ventures and associated undertakings 796 963 Disposal of fixed assets investments 954 66 ------- ------- Profit on ordinary activities before taxation 1,750 1,209 Net interest payable Group (350) (76) Share of joint venture and associated undertakings (51) (18) ------- ------- Profit on ordinary activities before taxation 1,349 953 Tax on profit on ordinary activities (685) (252) ------- ------- 664 683 Equity minority interest (137) (76) Non-Equity minority interest (40) - ------- ------- Profit for the financial year 487 637 Equity dividends (620) (197) ------- ------- Retained (loss/profit) for the group and its shares of joint ventures and associated undertakings (133) 440 ------- ------- Basic earnings per share 1.80p 4.12p Diluted earnings per share 1.78p 4.11p Adjusted basic earnings per share 4.71p 3.77p Task four Internal communication: There are many ways in which communicating information within the organisation are verbal, written and electronic. � Verbal information: this information is provided face-face or telephones within the organisation or by messages i.e. recorded messages via answering machines or voicemail. Vodafone will have a internal communication link which would mean by looking at the organisational chart for example the sales supervisor will pass down information to the sales support staff either by an internal phone or by face-face. This could help people in achieve better ways in improvement in communication strategies, also it is time consuming as you do not have to write letters and send them out. This can affect the communication, as it would save time as people would not have to right out messages or talk on the phone this is the most easiest way of sending verbal messages as it is fast and the message can be passed on to other members of staff very quickly. ...read more.

Conclusion

Therefore the group will then tell the workers how to solve the problem if they had approached any. Once the workers understands what to do he/she will be motivated at the job which will mean less errors occurring during the production process and high quality products will be produced. - Vodafone's extra after sales service: Quality circles will help this objective as it will tell after sales services workers in ways of how to speck to the customer and how to over come problems. Quality circles will suggest methods and also state the ways in keeping a good reputation as there customers are advantage as they bring in money. Alternative approach in quality circles affect: - Finance: quality circles cannot help the finance department although they could find ways to solve problems. Foe e.g. after a balance sheet or trading profit and loss account is Analysed if they are making a loss then Quality circles should be aware of this but if they are making profit quality circles may/may not need to be aware of this. Production: Quality circles can help this department because this group are the people who bring the products in to the market and in order for these products to sell they need to be at a good quality in order to sell in the market. Human resources department: Quality circles cannot help this department which could affect the business in a number of ways which are the policy making role, welfare role and administrative role. These roles are to do with health and safety and pension schemes. This could cause problems if the company was going to be controlled by Quality circles because these people who are in the Quality circles are only workers. Marketing role: Quality circles can help this department because QC design the product and if any errors are occurred during the production the QC will be able to help as they would try to stop these errors from occurring. ...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 Structures, Objectives & External Influences 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 Structures, Objectives & External Influences essays

  1. Marked by a teacher

    ASDA's Ownership

    4 star(s)

    These are small grocery stores like Sainsburys Local and Tesco extra. They operate nationally with a variety of superstores that offer a range of goods from: * Groceries * Home and Leisure * Delicatessens * Rotisseries * Fish counters * Coffee shops ( a.k.a Caf� ASDA)

  2. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    resources/Personnel - deals with people, works with recruitment, staff absences, and issues staff may have, sometimes they may deal with payment of the staff and employment contracts along with finance and legal departments Finance - Accounts, wages, VAT returns and anything else to do with money.

  1. Introduction to Business Assignment

    > 2.3 Increasing/Maximising Sales - A Sale is made when a customer or company purchases goods and services off of them but can alternatively be made on credit. It is crucial to make as much sales as possible because sales will drive to the threshold of growth because the more

  2. Interpreting Financial Accounting Information Coursework Investment Appraisal of T & S ...

    Graph 4: Liquidity Ratio Graph 4 has shown that Greggs is a healthy company as it could meet its current liabilities at short notice using only its current assets, even when stock has been taken out of the ratio. But examining the balance sheet of Greggs shows that there is a big amount of cash at bank and in hand.

  1. For my portfolio, I was asked to do an assignment on two businesses. I ...

    the environment This financial help is divided into three types they are Tier 1: firms in tier one regions can apply for grants up to 40% of the cost of the project. The areas included in tiers one are Merseyside, south Yorkshire, Cornwall, west Wales and the valleys.

  2. Btec National Business Level 3 Year 1 - Exploring Business Activity

    Firms generally become PLCs when they wish to expand. Much more capital can be raised by a PLC than by any other kind of business that helps the company to expand and diversify. Franchises - for years some manufacturers have given other companies the right to sell their products. For example, Microsoft manufacturers sell their software's through dealer franchises.

  1. Legal influences and their impact on Sainsburys Plc

    The controls lay down very strict requirements for business and any business holding data on an individuals needs. The requirements must be met. The act requires that the individual should know about the holding of their personal information and agree to the collection, preferably in advance.

  2. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    on the road but its something that they?ll have to adapt to and get used to for the sake of their staff and tesco?s valiable customers. Tescos has many services in which they show that they are pushing the company in showing that they are modern and innovative.

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