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Research into businesses involving food, clothes or hairdressing.

Extracts from this document...

Introduction

Introduction My name is Bianca Chanell Orum and I am doing some research about businesses involving food or clothes or hairdressing. I am doing this research because I am interested in setting up a food business so I can sell Colombian food to the customers. I am looking to set up my business in Elephant and castle, as there are many Latin people there that would purchase the food. The nine different types of ownership: Sole trader- A sole trader is a person who is in business and is not in a partnership with anybody else. So they keep all of their profit, make all the decisions, work when they want to work and are their own boss. The disadvantages about being a sole trader are that they could lose all of their money and become bankrupt. And since they are their own boss they have to work all of the hours, even if they are sick they don't get paid and have to raise the finance on their own. Public limited company- A public limited company can sell its shares, a public limited company first has to raise the sufficient capital, through the stock market. Selling its shares to the public. It has to produce a prospectus, which explains how the business is run, and what it intends to do in the future. Its advantages are that they can raise a large amount of capital (money) from their share issue. They can also benefit from economies of scale for example bulk buying. Cheaper borrowing and they produce goods at lower cost unit. Its disadvantages are that they can become too large resulting in poor labour relations and can conflict interests between share holders and the board of directors. And there is a possibility of takeover or merger because shares can be bought by anyone. Private limited company- Private limited companies are easier and inexpensive to set up. ...read more.

Middle

This is a quote taken off by the mission statement of Sainsbury's. Their business is now focused very much on Sainsbury's Supermarkets and Sainsbury's Bank following the sale of Shaw's and JS Developments during the year. Their three priorities are based on the environmental impacts that are considered the most significant for the business. Sainsbury's aims are: � Reduce the environmental impact of products. � Reduce CO2 emissions. � Reduce waste. They work hard to make sure that they meet their customer expectations and they continually ask their customers what they think. They source with integrity that is the way they do business, from what they sell to the way they procure them. They also respect the environment, "Climate change is a key driver for us so reducing energy, packaging and waste are big priorities for our business". Their Objectives are: � Environmental Management System: Manage the significant environmental effects over which we have direct control and seek to influence those of our customers and suppliers who reduce the impact our organisation has on the environment. � Own-Brand Products and Suppliers: Influence our suppliers to reduce their direct environmental impacts and improve the environmental quality of own-brand products through more sustainable sourcing. � Transport: Increase the efficiency of transporting our products, and address employee and customer travel, with the aim of reducing CO2 emissions while achieving customer satisfaction and business growth. In order for them to achieve this aim they divide this overall aim into three different aims and they are: * Developing products that costumers want. * investing in the environment within stores * Providing good customer service to look after customers To achieve these aims they must follow objectives which are set up by different functional areas. For instance marketing: Marketing helps M&S to meet their aim of "developing products that customers want" by doing market research. Market research involves finding out information about a market. ...read more.

Conclusion

* Production - It is responsible for manufacturing process, this includes turning raw materials into finished goods. * Research and development (R&D) - It is responsible for the inventions of new products or simply making the existing products better in this case food and clothes. * Marketing - It is responsible for the research of what the customers want and then providing it for them. So finding out what is on fashion or what new/improved products people want. * Sales- It is responsible for making contact with the customer and getting orders from the customers. * Distribution - It is responsible for controlling the movement of products or goods in the business, managing papering of deliveries or received goods, supervising the drivers the way they should go. * Customer service - It is responsible for satisfying the customers, meaning that if they have a complaint or comments, customer service will be the one that is in charge. This is linked to all the departments because is the complaints/suggestions made to the whole business. * ICT -It is responsible for introducing new/updated equipment to the system and creating a back up system if anything goes wrong. Also for making a security code for the system encase anyone out of the authorised personal wants to enter. J. Sainsbury's functional areas help achieve their aims and objectives by making sure that everything in the business goes well and by satisfying their customers. All of the functional areas work together like distribution, sales etc. They all play a role and by working together they achieve the businesses aims and objectives. There was a period of time when J.Sainsbury's had a failure of its �3bn investment in its distribution network and supply chain IT, that had left goods stuck in depots and warehouses. This was due to lack of distribution and IT functional areas communication. If those two functional areas had worked and communicated better, this problem would not have happened. ?? ?? ?? ?? Bianca Chanell Orum Unit 1 ...read more.

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