• 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. 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. English for business

    6) Stress poor aspects of yourself. 7) Have a light meal before you go to the interview. 8) Have a drink; so you will pluck up courage. 9) Bring your school certificates or letters of introduction. 10) Smoke if you like. 11) Criticize your last boss. VI.

  1. Functional Areas Report

    Human resources A firm needs to be able to decide on the right people for the jobs it has and ensure that its employees - the people who work for the firm - work well and are content. The part of the production that deals with matters relating to the

  2. Business studies - Business Plan

    A public sector business is run by a board of directors chosen by the owners i.e. the public and a certain percentage of the profit each year is distributed to those who hold shares. There are two types of business ownership firstly there is a sole proprietor also known as

  1. Setting up a small or medium sized business.

    * Coupons * Flyers * Giveaways * Radio - it is a lot cheaper and can I can target listeners of a particular programme. * Yellow Pages * Public Relations Why we advertise? We advertise to make consumers aware of new products and to persuade consumers to switch from rival products, such as Costa products and Starbucks coffee products.

  2. Business Plan. After putting a lot of thought into what kind of business we ...

    This can put our business at a disadvantage as we cannot offer that service. McDonalds has various selling points, one of them being they offer promotional foods. SWOT analysis SWOT analysis is a tactical planning technique used to weigh up the Strengths, Weaknesses, Opportunities, and Threats involved in a business venture.

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

    It also shows the relationships between directors, managing director and chief executive officer as well as various departments, in many large companies the organization chart can be large and incredibly complicated and is therefore sometimes dissected into smaller charts for each individual department within the organization.

  2. Business Studies- Unit 1- Stakeholders

    Cola Wakefield to pay as little as possible to its suppliers, whereas Yorkshire Water want to be paid the most possible. In addition, if Coca Cola Wakefield was to decide to make expenditure cuts to its suppliers and thusly propose less payment of capital to Yorkshire Water for its water

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