DISADVANTAGES
- Most partnerships have a really big unlimited liability as with sole traders, if the business fails, the partners’ personal possessions may be sold to settle its debt.
- Partners often disagree. Discussions may be helpful when new ideas are being considered, but disputes can be disruptive and lead to the break-up of the business. Some people enjoy having complete control over a business and find it difficult to work with partners.
- Many partnerships still find it difficult to raise the capital they need. Because of unlimited liability, it can be hard to attract new partners.
LOCATION
Tesco’s location is especially vital if they are too far away from potential life shoppers, they have no custom at all.
Tesco should aim to locate in as many different countries as possible, maximising the total profit. The more area the stores cover the more customers they get and the higher their profit
Tesco should also think about locating, maybe a Tesco express in small villages in the country to bring convenience to the area and to increase their popularity with the shoppers.
ACTIVITY
Tesco runs most efficiently and smoothly as it stands, not many improvements can be made to improve this area. They already sell the majority of grocery and financial packages, but there is one area that they do not cater for.
The one thing that could be changed is that they could start a new store (like they have set up the Tesco express and metro) and sell mainly tools and D.I.Y. materials and maybe a section for gardening and landscaping, the store would be like a B&Q sort of place and may experience a lot of competition, but I think that the new venture could be a success and Tescos would then cover another part of the market that it currently doesn’t .
AIMS & OBJECTIVES
Tesco have many aims and objectives and all of them are successful at present. Tesco could add another aim to its list; to make employees happy and loyal. They could achieve this by catering for them more with areas where staff can relax behind the scenes, if the employees are kept happy it has a knock on effect that keeps the customers happy and therefore they are more likely to achieve their aim of customer life loyalty and therefore increase the overall profit.
OWNERSHIP
Land Rover is also very efficient and I cannot see any changes that could be made to improve the running of the business.
Land Rover is very successful as a PLC and I think it doesn’t need modifying
LOCATION
Land Rover’s location is important; they need to be in an area close to employees, no land restrictions that would affect the running of the company. The site at Solihull has reached its limit for expansion and no extra buildings can be added, they could relocate where most of their business is, North America. Most of the cars produced at Solihull are exported to the north of the states
Where the terrain is rough and a hardy 4x4 is needed. By making this change Land Rover would cut its cost of transport and will benefit from extra custom. By decreasing the cost of exporting the company would make an overall larger profit.
ACTIVITY
Land Rover are the leading 4x4 cars sales company in the country and make the best quality all terrain vehicles in the world
Land Rover produces many thousands of cars per year and do not offer any insurance policy in case customers have an accident. Even though Land Rover would have to pay out repair money to claimants the total amount of money paid into the schemes would outweigh the total amount of money paid out, therefore If Land Rover gave an option of an accident insurance policy they could, overall, increase their profit.
AIMS & OBJECTIVES
Land Rover have many aims and objectives, one is to make a profit, if Land Rover make the changes I have suggested I believe that their profit will be increased by a considerable amount and the business would run much more efficiently and smoothly with the safety net of a large income if their future ventures fail.
