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J Sainsbury

Extracts from this essay...

Introduction

J Sainsbury TASK 1 J Sainsbury's plc is a leading UK food retailer with interests in financial services. It consists of Sainsbury's Supermarkets, Sainsbury's local, bells Stores, Jacksons Stores and JB Beaumont, Sainsbury's Online and Sainsbury's bank. It employs 148,000 people and has a total of 788 across the UK Their objectives are simple; to serve customers well and thereby provide shareholders with good, sustainable financial returns. They aim to ensure all colleagues have opportunities to develop their abilities and are rewarded for their contribution to the success of the business. Their policy is to work with all of their suppliers fairly, recognising the mutual benefit of satisfying customers' needs. They also aim to fulfill their responsibilities to the communities and environments in which we operate Aims and Objectives Aims At Sainsbury's we will deliver an ever improving quality shopping experience for our customers with great product at fair prices. We aim to exceed customer expectations for healthy, safe, fresh and tasty food making their lives easier everyday. Objectives Getting better every day Great service drives sales Individual responsibility team delivery Keep it simple Respect for the individual Treat every £ as your own Business Priorities GOAL AND VALUES Making Sainsbury's great again Our goal At Sainsbury's we will deliver an ever improving quality shopping experience for our customers with great product at fair prices. We aim to exceed customer expectations for healthy, safe, fresh and tasty food making their lives easier everyday. Our values * Getting better every day * Great service drives sales * Individual responsibility team delivery * Keep it simple * Respect for the individual * Treat every £ as your own * Our business priorities Getting better Every Day We have started on the journey towards making Sainsbury's great again. We began by listening to customers and colleagues, then looking into our stores to understand what is in the way of our delivery to customers.

Middle

60% of new businesses fall within their first two year. Reasons for business failure include lack of finance, lack of experience or poor location. Survival can be an aim for a large existing business. This can be the case if it is affected by strong competition. Mark and Spencer has lost sales in their clothes section of products due to competition form Next and other stores alike 5 years ago its share price halved in value from £5 a share to £2.50. this meant that it was under treats form being taking over- they almost did by BHS- Philippe Green. Even multi- nationals can have basic survival as there objective, not just small companies. For Sainsbury's this means that at some point survival would have been one of there main objectives, however this would have been very early on. As Sainsbury's has been opened for over one hundred and thirty years it's unlikely that Sainsbury's would even consider having survival as one of their main objectives now. However if Sainsbury's was to take a bad marketing step or financial step and their share prices dropped then survival would come back into action and they would need concentrate on this, as I have explained already its not just small companies that have survival as one of there basic objectives or aims. Survival is also important when trading becomes difficult. During recession a business could face falling demand, bad debt and low confidence. In the UK recession of 1990-92 many well known companies ceased trading. In 1992 around 73,000 businesses collapsed. Improved trading conditions in the 1990's Individual businesses or industries may face difficulties due to competition form rivals, falling demand for their products or the effects of poor decisions. The Treat of takeover Treats of takeover firms sometimes becomes targets for other firms to take over. When this happens the survival of the firm in its existing form may be the main objective.

Conclusion

(Money pic ups etc.) This summer was bad for Sainsbury's due to the weather half prices were made on products like barbeque. Charcoal, meat, strawberry etc. there is no car park in the Muswell store so if weather us bad customers don't like to go and products can get turned in fields and unable to sell, which can lead to less of sales around £20,000 a week for around 6 weeks. The importance of teams If you have ever been involved in running a mini-enterprise, organising a school event or been involved in team sport you will appreciate the importance of teams and effective teamwork. You might also appreciate that a team is much more that a group of people. People in a team help, complement and support each other. This doesn't happen automatically - people have to work at being a team. A group of people can be viewed as a team when it has these features: * A collective consciousness - people in the group think of themselves as a team * A shared sense of purpose - the members of the group have the same tasks, goals or interests * Interdependence - the people in the group need each other if they are to achieve their aims and objectives * Interaction - the people in the group communicate with one another, influence one other and react to one other. * Collective action - it is a unified collection of people. From this list you should se that a team has a strong identity, is capable of change, has resilience and, possibly above all else, can learn from it mistakes. What effects doe's team have on Sainsbury's? The impact it has on the ability of Sainsbury's to achieve it aims and objectives are Well Sainsbury's is a business which sells products, clothes and vegetables. The effect it has on its team is that it is quicker, faster and stronger when people work together so they could serve their costumers and that's it one of their main aims and objectives.

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