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Organisational functions.

Extracts from this document...

Introduction

Organisational functions 2 Finance and accounts 2 Factors of production 2 Human resources 3 Marketing 4 Administration 5 Research and Development 5 Types of Businesses 6 Business objectives 6 Organisational structures 6 Cultures 7 Types of Organisational Cultures 7 Power Culture 7 Management styles 9 Report on McDonalds 11 MISSION STATEMENT 11 AIMS 11 RECRUITMENT AND EMPLOYMENT 12 FOOD AND CONSUMPTION 12 OPERATIONS 12 INTERNAL COMMUNICATION 12 FOOD STANDARDS 13 FOOD SAFETY POLICY 13 FOOD QUALITY 13 NUTRITION POLICY 14 A copy of the Investors Press Release as of February 2003 15 BIBLOGRAPHY 16 Organisational functions Every business combines its ' factors of production ' to produce their products and services. These include: * Finance * Production * Human resources * Marketing * Administration * Research and Development Finance and accounts It is the keeping a record of all the financial events that have taken place in the business as and when they happen, and to provide financial summaries of what has happened. An example of this is a balance sheet. Factors of production For production there are different types of factors. These factors are very important for production, without them production would not be possible. Labour It is the physical and mental effort provided by employees towards production. Every labour has different kinds of job roles. They are - handling and sorting information, making decisions, managing, and other manual handling jobs. Capital This is represented by the heavy working machines and tools used in manufacturing. Without capital, production would not take place. Capital is required to buy machines, labour, tools, providing services, etc... ...read more.

Middle

Alternatively, they will seek to consult people before implementing a decision. Democratic management style is one where there is empowerment. Individuals and teams are given the responsibility to make decisions within the given framework. The team is then held accountable for the decisions they make. A manager who would follow this style would find it comfortable allowing others to make decisions. Report on McDonalds MISSION STATEMENT 'To be the UK's best quick service restaurant experience'. In October 1974 McDonalds opened its first restaurant in the UK. Nowadays it can be found on high streets, alongside major roads, in leisure and retail parkas and even at airports. AIMS McDonalds aims to; > Become synonymous with helping young people in need. > Contribute 1% of the pre-tax profits to the community. > Give emphasis to initiatives, which operate in the community at grass root levels. > Provide premises, products and people to support the community and charitable fundraising. Examples of fundraising activities which took place last year are, leg waxing, football matches and a walk from the McDonalds at the High Street in Ipswich to the one in Felixstowe. All this was done for charity. > Encourage its employees to volunteer in these kinds of activities while using company time and facilities where appropriate. > Be active members of the business organisation. > Regularly monitor and review community involvement activities. > Tell stakeholders about the Company's community activities. SO WHAT TYPE OF BUSINESS IS McDonalds THEN? In Ipswich, McDonalds is owned by a franchisee, Mr.Mark Davis. He has actually brought the company from the original organisation in the USA. ...read more.

Conclusion

2003 SALES OAK BROOK, IL - McDonald's Corporation announced today total Systemwide sales for February 2003 increased 4% to $3.1 billion over February 2002 (in constant currencies sales declined 1%). Total Brand McDonald's sales for restaurants in operation at least 13 months (comparable sales) declined 4.7% in constant currencies, compared with a 0.4% increase in February 2002. Chairman and Chief Executive Officer Jim Cantalupo said: "I remain confident that we have the right team in place to aggressively confront our challenges and revitalize our business, despite current sales performance. U.S. February sales were impacted by the sluggish U.S. economy and severe winter weather. In Europe, we continued to face economic weakness in certain markets along with unfavorable weather conditions and strong prior year comparisons. We will discuss the factors behind these results in greater detail in conjunction with our first quarter earnings release." Brand McDonald's Major Segments Month ended February 28 Dollars in millions Systemwide Sales Comparable Sales** Percent Increase/(Decrease) Percent Increase/(Decrease) As Constant 2003 2002 Reported Currency* Constant Currency* U.S. $1,488.4 $1,513.7 (2) n/a (4.4) Europe 855.0 714.5 20 (1) (3.9) APMEA*** 525.0 498.6 5 (3) (7.5) * Information in constant currencies excludes the effect of foreign currency translation on reported results, except for hyperinflationary economies, whose functional currency is the U.S. Dollar. Constant currency results are calculated by translating the current year results at prior year average exchange rates. ** Comparable sales represent the change in sales from the same period in the prior year for restaurants in operation at least thirteen months. *** Asia/Pacific/Middle East and Africa n/a Not applicable BIBLOGRAPHY Heinemann AVCE Text Book McDonalds Student Information Pack www.mcdonals.co.uk 1 Business Assignment Kenneth Michael Candidate no: 3135 Centre no: 19237 Mr.Hadfield ...read more.

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