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Applied Business Studies - A2

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Introduction

A2 Robinson Brothers & Richards Paints In this task I will compare the similarities and differences of Richards Paints and Robinson Brothers. To do this I will be comparing the following aspects: * Activity * Aims and Objectives * Location * Ownership Activity:- Activity is what the Business does as there main occupation and what the business sells as their products. Similarities:- Robinson Brothers and Richards Paints are similar in ways of activity, in many ways. Firstly they both company's provide a bespoke service for their customers. Bespoke service is when a customer asks the business to specially make or this is also known as "made-to-order." Richards Paints provide a bespoke service if a customer wants a customised paint colour. Robinson Brothers provide a bespoke service if a customer/ company wants to buy a specially made chemical/ drug. Another similarity is that they both are in the manufacturing business. Manufacturing is when a business chemically/ mechanically builds a product. The main product for Richards Paints is different types of paints. On the other hand Robinson Brothers produce chemicals and drugs. As both businesses are a manufacturing firm this links in well with the following similarity, which is that both business' work in the secondary sector. This means that they produce the goods to be sold. ...read more.

Middle

Another difference is that one of Richards Paints' aims is to survive and keep the business running, however because Robinson Brothers have such a good and healthy profit they don't need to worry about surviving at the moment, instead they are looking to invest in their R+D and customer services to make it better. Finally, another difference is the use of formal and informal aims and objectives. Robinson Brothers are quite open and every member of staff knows the aims and objectives, some of their aims and objectives are even mentioned in the mission statement. However Richards Paints are quite informal and only keep it to the business, and don't share their aims and objectives with their staff members. Location:- The location of a business is where it is positioned or located and in some ways can determine its success or failure. Similarities:- For Robinson Brothers and Richards Paints location plays a major role in the business' success. Robinson Brothers and Richards Paints both located in their spots because of industrial purposes. To expand, Smethwick and West Bromwich were both two of the biggest industrial areas in the 1970's. Both businesses could have located because of this factor. Another factor that could have encouraged the two businesses is that the infrastructure links are wide range of difference. ...read more.

Conclusion

Some factors to take into consideration are: Disagreement amongst existing shareholders � Difficulty of finding suitable shareholders � Loss of control by existing shareholders �Lack of security for those lending funds �Element of risk in the loan Differences:- The two businesses share quite a lot of differences. I will now compare the two businesses in terms of ownership differences. Firstly, the sizes of both firms are different. Richards Paints is a very small firm while as Robinson Brothers is medium sized. The size can make a difference in the amount of supplies of the raw materials being able to keep. Another difference is that Robinson Brothers has been passed on through 8 generations, whilst as Richards Paints has only had 4 owners. These facts shows that Robinson Brothers has been very successful over the years; however we can not come to a conclusion about Richards Paints because it has opened in 1847 which is recent in terms of businesses. Lastly, the size of the business indicates the number of staff. As Robinson Brothers is a medium sized firm it will have quite a lot of employees, however Richards Paints is a very small firm therefore will not have so much. The difference for the number of employees is substantial. Richards Paints have employed 7 members of staff, whilst on the other hand Robinson Brothers have 235 employees. These numbers show how much the business is in demand for their products. ?? ?? ?? ?? Omar Chaudhry Business Studies A2 ...read more.

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