• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Notes on Business Objectives, Size and Organisations

Extracts from this document...


Ife Taiwo Business Coursework 10C1 Business Coursework Report Task1 The main business objectives: 1. Growth in profits ? setting a target growth in profits; 2. Growth in sales turnover ? produce more and sell more; 3. Increase in market share ? to sell a wider variety of products into more markets could be an indicator of a successful company; 4. Expansion of the product range ? the proportion f the sales sold by the company in the total market increase. 5. Selling into more areas of the country or the world - try to sell to more areas of the world. Large businesses might try to satisfy the expectations of different stakeholders by: 1. Shareholders are likely to want the greatest gain from their shares in the company; 2. Workers, managers and directors are interested in how much they earn their conditions of work, etc; 3. Consumers want better quality products at lower prices; 4. Environmental groups will want businesses to stop any activity which is likely to harm the environment. Task 2 The Different ways to measure the size of a business; 1. ...read more.


For example, the company Reckitt and Colman found out those small shops in South Africa were reluctant to but Preen, a stain remover, in cases of 24. They had limited space in their shops and couldn?t sell 24 very quickly. So Reckitt & Colman repackaged Preen in cases of 12. The result was a 27% Increase in 1996 in sales to theses shops. Entrepreneurship matters when considering the size of a business because measuring an entrepreneurship by the number of employees would not be fair unlike if it was a large business then that would be allowed. Production methods also matters when considering the size of a business Manufacturing Furniture Polish or household cleaning products is suited to large scale production. So it makes sense for a manufacturer of theses products to be large. However, there are some industries where the method of production dictates small scale production. For instance, a high class restaurant can only serve a small number of customers if it is to maintain a high quality of food and service. Any craft business is likely to be small because of the individual nature of the work done. Task 3 1. ...read more.


Intelek plc is organised into two product divisions, electronics and aerospace. 2. Functional Organisation ? This type of organisation has two important advantages. It allows specialisation and the structure of the organisation is clear. Workers know who to turn to when they need a job done. A typical Interlek subsidiary is organised by function, i.e. into a number of departments such as production, marketing and personnel. 3. Geographical Organisation - Some large companies are organised on a regional basis. For instance, all the businesses in North America might be organised into a North American division. 4. Market based Organisation ? Some businesses are organised on a market basis. For instance, a publisher might have a number of divisions, such as education and technical. Books will be produced by one division. 5. Centralised Organisation ? Intelek, in part is a centralised organisation. This means that many decisions about the company are made at head office in Swindon. Works Manager Managing Director Senior Production Engineer Shop Floor Worker Foreman Ways businesses can grow Acquisitions Joint ventures Group Managing Directors Methods of Organisation Market Based Organisation Centralisation Organisation Functional Organisation Geographical Organisation Product Based Organisation Mergers Takeovers H & V Division Projects Manager Works Manager Project/ sales Manager - - ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity 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 GCSE Business, Companies and Organisation, Activity essays

  1. Business Studies Edexcel Coursework

    Questionnaires have advantages over other surveys in that they are the cheapest, do not require as much effort from the questioner as verbal or telephone surveys, and often have standardised answers that make it simple to collect data.

  2. Business Study IGCSE Revision notes

    * Demonstrate an awareness that different business activities pursue different goals. * Understand the reasons for the existence of these different goals. Business Objectives (1) Corporate objectives: "The overall aim of a company." Why have objectives? * Give employees something to work towards, therefore improving motivation. * To measure performance.

  1. tesco aims and objectives

    and traffic on the roads by the company Food and Drink Tesco's core product is food and drink. Most of these products are imported from other countries, but not all of the products are imported, as some are home-grown. For example, sugar, tea, coffee and exotic fruits would all have

  2. Functional Areas Report

    Sometimes dismissed staffs are paid for the notice period, but this doesn't mean that they have to work (This is called Payment in Lieu of notice). Employees will be dismissed from work with notice if they are capable of doing their work.

  1. Boots Coursework

    The finance department has a crucial role in the business. The finance department is the people who place orders and pays bills on behalf of the other departments. They advise other areas of the business as to the amount of money available to them.

  2. Organisation, structure and objectives of Tescos and Victim Support.

    � Span of control: The term span of control means the number of people that individuals are responsible for within an organisation. The wider the span of control is the more people the individual is responsible for, a manager might supervise too many people therefore he/she might be overworked and might not perform their job efficiently.

  1. IGCSE Businesses Studies Revision Notes

    Increased efficiency Faster production Advantages of technological change: * New products encourage consumers to buy more often to replace old products * A business can obtain a huge competitive edge by releasing a new idea, e.g. iPhone * High-tech production methods increase production efficiency and lower average costs * Fewer

  2. Business Studies

    weather conditions, price of cargo > Aust business can take out insurance with the federal govt - EXPORT FINANCE AND INSURANCE COPORATION - Interest rates > Aust business may acquire finance from other financial markets > Hedging will be used > Business may obtain cheap interest rates to find they

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